Suburban allure has largely become a thing of the past, but in the Greater Toronto Area—where the cost of housing grows astronomically by the month—the outskirts are becoming cost-friendly alternatives for renters
Results highlighted the financial vulnerability of a significant fraction of Canadians
Economists predicting a correction haven’t yet decided whether to call it a blessing or something else, but a spate of condo projects in Toronto drove the country’s housing starts higher than expected in December – almost 15,000 above the previous month’s.
2011 handed Greater Toronto its “second-best year” in terms of real estate transactions, according to the city’s association of Realtors, pointing to 4,718 sales in December, alone.
While bank economists seem increasingly resigned to the potential loss of the 30-year amortization, brokers insist that move would unfairly tie of the hands of property investors looking to maximize the bang for their buck.
On the heels of three straight months of mild declines, residential building permit values made up for ground lost in November with a 6.9% gain over the previous month, according to figures released by Statistics Canada.
The already-low pressure to perform “curb appeal maintenance” will fall even further in Alberta and other increasingly tight rental markets this year, says one Calgary expert, at the same time cautioning property investors.
Thanks to a new fraud notification system, an elderly couple was likely saved from losing title to a $300,000 home.
CIBC’s top economist is going one better than TD’s, suggesting Canadian home prices may be as much as 15% overvalued and not just the 10% suggested by his counterpart at that other bank.
Saskatchewan and Alberta will have the best economic growth over the next two years of all the provinces, according to a forecast out today.
Total sales of detached, attached and apartment properties in Greater Vancouver climbed nearly 6% last year, although missed the 2009 high by over 9%, according to the Real Estate Board of Greater Vancouver (REBGV).
Canada’s coolest arctic city is also one of its hottest rental markets.
Grimsby skyline to be reshaped by tallest buildings in city: two-tower residential complex
Connect Asset Management Challenges the Financial Community to Invest in Downtown Toronto Real Estate for a Good Cause
The event will also feature a panel of industry experts and a presentation on the state of the Hamilton-Burlington housing market