Vancouver may hog all the headlines as the west coast's hottest real estate investment market, but that's fast changing
National level also exhibited a strong upward movement in August
Investors who do not snap up property now will regret the opportunity in the future. That is the view of motivational and investment guru Gary Spencer Smith.
He told you so.
Uncertainty around the future of Canada's biggest condo market aside, investors in those boxy highrise units are increasingly in the catbird seat according to new data highlighting a 20 per cent rise in the number of rentals and a 4 per cent rise in the average rent itself.
A recent report from the ComFree network suggests tenants in many Canadian markets are getting the “five-year itch” -- readying to move much sooner than the once-standard seven years.
Make no mistake about it. Canada's real estate market is set to take a powder this year and next, according to a new economic forecast -- July's impressive spike in activity notwithstanding.
CMHC may have inadvertently given real estate agents a helping hand, with its latest move to slow mortgage growth sending fence-sitting buyers into the market.
July home sales are backing up industry boasters, with new CREA numbers confirming a 9.4 per cent rise from the same month last year.
Investors crossing their fingers and hoping for price appreciation may increasingly strike out, according to CIBC’s leading economist, suggesting the housing market no longer supports flipping.
Bad press is actually helping investors catch a break in the hot Calgary market as they move to snatch up deals in “flood fringe” areas -- without heightened competition from homebuyers.
Housing starts trended at 187,416 units in July, down only a hair from June's numbers and an indication landlords will increasingly compete for renters.
Perkins Coie is pleased to announce that Devin P. McComb has joined the firm’s Seattle office as a partner in the Real Estate & Land Use practice
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