News

  • Construction starts building bubble concerns by Vernon Clement Jones

    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.

  • 'Second-best' year for T.O. home sales by Vernon Clement Jones

    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.

  • Brokers and bankers square off on 30-year amortization by Vernon Clement Jones

    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.

  • Residential permits bounce back in November by Kit Kadlec

    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.

  • 'Curb appeal maintenance' takes a backseat by Vernon Clement Jones

    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.

  • CIBC economist: more like 15% overvalued by Vernon Clement Jones

    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.

  • Vancouver sales grew 6% in 2011 by Editorial Team

    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).

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