News

  • Broker to Halifax investors: wait out shipyard buzz by Vernon Clement Jones

    Real estate investors rushing to capitalize on Halifax’s $25B shipyard contract could be jumping the gun, argues one local mortgage broker, suggesting it'll be cheaper to wait rather than buy rental units well ahead of a spike in demand.

  • Vancouver agent sued for breaching sales contract by Editorial Team

    A Vancouver real estate agent was ordered to pay $258,000 after he broke a home sale contract in order to sell for a higher price to another buyer.

  • BoC to condo investors: possible correction ahead by Vernon Clement Jones

    It’s a warning condo investors from one end of the country to the next have heard before, but the central bank is once again suggesting a correction may be straight ahead.

  • CIBC: real estate to dip 10%-15% in medium-term by Editorial Team

    The real estate market in Canada is headed toward a 10%-15% drop in prices over the next few years, as interest rates eventually increase, said the CIBC's Benjamin Tal on Thursday.

  • Canuck housing activity hits speed bump by Vernon Clement Jones

    Housing starts fell last month by nearly 15% from October's 208,800 units, a decline felt across almost all segments of the construction market.

  • TREB: Toronto prices up an 'affordable' 10% by Editorial Team

    The average price of a Toronto home is now about 10% higher than a year ago, according to the latest statistics from the city's real estate board.

  • Alberta investors hit 'sweet spot' by Vernon Clement Jones

    Alberta investors focused on cash flow today – and capital gains tomorrow -- have hit Canada’s “sweet spot,” said one expert, suggesting the province will likely remain a landlord’s market well into 2014.

  • BoC: Europe crisis blocks rate change by Editorial Team

    Uncertainty about the world economy, especially the crisis in Europe, left the Bank of Canada little choice but to leave its overnight rate at 1 per cent for the tenth consecutive review, said the Bank Tuesday.

  • Toronto Realtors take tax fight to City Hall by Vernon Clement Jones

    Toronto Realtors continue their push for repeal of the city’s land transfer tax, heading to City Hall this week with a new survey supporting the move despite the budget crisis.

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