The British Columbia government introduced a speculation and vacancy tax this week, sparking fears that it will stymie investment in the province
Sales volume expected to gain momentum in the near future
Any Klondike rush of small investors will have to wait at least until the end of summer for details on new developments planned for housing-starved, oil-bloated Fort McMurray.
Toronto is pulling home prices upwards, while other markets continue to moderate, according to the latest data from Canada’s national real estate association.
Another for-sale-by-owner listings site is taking a swipe at real estate agents with a survey charging they “blatantly disparage” that online option.
Now may not be the time for condo investors to cheap out on those purchases, even as a glut of inventory makes it harder to flip at a profit or rent for an excess of cash flow.
Investors who forget to factor in closing costs for buying a multi-residential property in Toronto and other key Canadian markets are closing their eyes to potentially tens of thousands of a dollars in expenses.
Canada’s rock-bottom interest rates have simply got to go, according to an international development organization, suggesting tighter mortgage rules have done little to lessen the threat of a housing correction.
From Canadians buyers hunting in the U.S. to Chinese investors searching for properties in this country – three quarters of a million people have now turned to a global real estate website since its launch six months ago.
Canadian investors are finding fewer of the U.S. real estate bargains they scooped up in the past year as foreclosure numbers sink, in the process elevating seller expectation.
The target of Canadian foreclosure-hunters in the U.S. may soon shift east as the landscape of distress properties changes. In terms of volume of U.S. foreclosure properties this spring, the largest inventories seem to now be in the South and on the East Coast, according to market researcher RealtyTrac.
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
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