News

  • 2012 was, indeed, a very good year ... for condo construction by Jemima Codrington

    Worries about a hot Toronto condo market turned cool may be exacerbated by numbers suggesting 2012 was a record-breaking year for construction.

  • Fewer Canadian snowbirds flying to Florida by Vernon Clement Jones

    The appetite for Florida property is starting to wane among Canadian snowbirds, according to a new report from Realtors anxious to address concerns about rising prices.

  • Relief from prepayment penalties arrives by Vernon Clement Jones

    “Uncle” -- that may be what CMHC is finally saying to cooperative housing complexes facing hundreds of thousands of dollars in prepayment penalties as they attempt to break mortgages with the Crown corporation.

  • BoC rate annoucement surprises industry by

    The Bank of Canada announced today that the overnight rate would remain at 1 per cent, the 19th consecutive time the rate been kept stagnant.

  • How mercenary are Canadian investors? by Vernon Clement Jones

    It may not sit well with some buyers of commercial property, but according to one expert, they’ll increasingly have to pounce on “distressed opportunities” in a market still facing economic uncertainty.

  • Toronto turnaround could benefit investors by Vernon Clement Jones

    It's dangerous to underestimate Toronto -- or the resilience of a real estate market now up, and not down, from last year's January sales.

  • Fewer investors, homeowners looking to sell: report by Vernon Clement Jones

    National home sales slipping 17 per cent in December from a year ago, according to new report from the Canadian Real Estate Association, suggesting investors are no more anxious to sell than homeowners.

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