News

  • BoC holds rate steady by Vernon Clement Jones

    A domestic economy regaining ground alongside its U.S. counterpart wasn’t enough stimulus for the Bank of Canada to increase its key overnight rate Tuesday, with the growing threat of global oil prices and uncertainty in Europe encouraging it to maintain the status quo.

  • National home prices hit by Vancouver slowdown by Kit Kadlec

    The average Canadian home price for March declined for the first time since September 2010, according to the latest figures from the Canadian Real Estate Association (CREA).

  • Investors, get ready for more bidding wars! by Vernon Clement Jones

    There’s yet more indication investors – even those focused on buying fixer-uppers – will face increased competition from desperate homebuyers, with national sales rising 2.5% in March even as the number of new listings fell.

  • Debate on banning foreign buyers resurfaces by Vernon Clement Jones

    It’s a controversial suggestion that isn’t about to go away, with new calls for a ban on property buying by foreigners -- increasingly faulted for outbidding local investors.

  • Half of Canucks bracing for pricier properties: BMO by Kit Kadlec

    About half (52%) of Canadians feel real estate will become more costly by 2014, according to a new survey by BMO Bank of Montreal, part of its annual Spring Housing Report released Thursday.

  • Investor stampede panics fence-sitters by Editorial Team

    An investor influx is driving rapid price acceleration in Halifax and Regina, at the same time those gains are lighting a fire under others looking to make their own leaps.

  • Second mortgages keep eye on JV partners by Vernon Clement Jones

    Trust but verify. That should be the mantra of all property investors funding JV deals, says one industry veteran, suggesting they consider registering second mortgages as part of all such agreements.

  • No slowdown pour Montreal by Kit Kadlec

    Despite predictions of a slowdown, Montreal and other Canadian cities racked up both price and volume gains in the first quarter.

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