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Have a U.S. property? The tax man cometh

June 29th, 2011

Have a U.S. property? The tax man cometh

As a manager with the Royal Bank of Canada and the owner of a second home in Phoenix, Calgarian Bill McFarlane has two perspectives on tax issues related to U.S. real estate.

He and his wife, Dianne, got expert advice, but he knows from his banking work that many Canadian sunbelt buyers take the home-purchase plunge with little or no tax planning.

"W ...

Posted in Canada

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Canada May Existing Home Sales

June 22nd, 2011

Canada May Existing Home Sales

According to statistics released today by The Canadian Real Estate Association (CREA), national resale housing activity remained stable in May compared to April.

Highlights: • Sales activity held steady from April to May, but posted the first year-over-year gain in over a year due to falling demand in May 2010. • Year-to-date sales are in line with the ten-year ...

Posted in Canada

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Stephen Bronfman is betting big on Montreal�s future

June 20th, 2011

Stephen Bronfman is betting big on Montreal’s future

Photograph by Roger Lemoyne

There are a couple of reasons why Stephen Bronfman seems to be smiling more than usual these days. Having failed in his bid to purchase the Montreal Canadiens last year, the eldest child of billionaire Charles Bronfman got quite a consolation prize by luring the Habs’ former president Pierre Boivin to Claridg ...

Posted in Montreal

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Vancouver red hot in our �Goldilocks� housing market

June 17th, 2011

Vancouver red hot in our ‘Goldilocks’ housing market

Vancouver’s already hot housing market got even hotter in May, enough to once again skew national averages, the Canadian Real Estate Association said yesterday.

Ottawa-based CREA, which represents 100 boards across the country, said the average price of a home sold across the country last month was $376,817, an 8.6% jump from a year ago. ...

Posted in Canada

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Florida Realtors Takes Part in Gov. Scott's Canada Trade Mission

June 14th, 2011

Florida Realtors Takes Part in Gov. Scott's Canada Trade Mission

A large percentage of Florida property sales each year are to international buyers," said Fitzgerald, manager/broker-associate with Illustrated Properties in Hobe Sound and Mariner Sands Country Club in Stuart. "In fact, studies show that Canadians, by far, make up the largest percentage of international buyers/investors in the ...

Posted in International

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Main Economic Indicators - April 2011

June 12th, 2011

Main Economic Indicators - April 2011

⁽¹⁾ Proportion of people who responded "Yes" to this question.
Note: Green arrows indicate good news and red arrows indicate bad news. The two arrows indicate stability.
Sources: Bank of Canada, Statistics Canada, Conference Board of Canada and CMHC

Posted in Statistics & Trends

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Despite a Declining Market, Sales of Luxury Homes are Increasing in the Montr�al Area

June 12th, 2011

Despite a Declining Market, Sales of Luxury Homes are Increasing in the Montréal Area

Between January and April 2011, sales of single-family homes in the Montréal Metropolitan Area fell by 14 per cent compared to the same period last year. However, the number of homes sold for more than one million dollars increased by 13 per cent since the start of the year. There were 108 MLS® sales in th ...

Posted in Montreal

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2295 Av. de Melrose, Montreal, Quebec

June 12th, 2011

I just finished uploading this Add New Value ... for sale, 2295 Av. de Melrose, Montreal, Quebec

MLS® Remarks LARGE UPPER CONDO ON MELROSE AVE. LARGE ROOMS(THE THIRD BEDROOM CAN BE PUT BACK), TWO FULL BATHROOMS, TWO SKYLIGHTS,FIREPLACE AND FRONT BALCONY. OVER 500 SQ/FT IN THE BASEMENT FOR STORAGE Inclusions FRIDGE, STOVE, DISHWASHER :ALL AS IS Cadastre 3015667, 3015670, 3015671

Posted in Listings

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The western slump

June 12th, 2011

The western slump

Like a lot of people in the cottaging enclave of B.C.’s Gulf Islands, Scott Simmons once felt a touch of envy when he looked across the waters toward Washington state’s San Juans. Back in 2001, the native Vancouverite made a living renovating and reselling Gulf Island houses and cabins, but property markets there and throughout British Columbia merely plodded along ...

Posted in Canada

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Montreal home building up 10 per cent

June 11th, 2011

Montreal Home building up 10 per cent

Fuelled by strong demand for condos

Home construction in the Greater Montreal Area soared 10 per cent last month, year over year, fuelled by an unprecedented level of condo starts, the Canada Mortgage and Housing Corp., said Wednesday.

Builders started 1,211 condominiums in May 2011, compared WITH 795 during the same month in 2010, a record year for con ...

Posted in Montreal

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Have a U.S. property? The tax man cometh

Have a U.S. property? The tax man cometh

Tweet
Canada May Existing Home Sales

Canada May Existing Home Sales

Tweet
Stephen Bronfman is betting big on Montreal�s future

Stephen Bronfman is betting big on Montreal’s future

Tweet
Vancouver red hot in our �Goldilocks� housing market

Vancouver red hot in our ‘Goldilocks’ housing market

Tweet
Florida Realtors Takes Part in Gov. Scott's Canada Trade Mission

Florida Realtors Takes Part in Gov. Scott's Canada Trade Mission

Tweet
Main Economic Indicators - April 2011

Tweet
Despite a Declining Market, Sales of Luxury Homes are Increasing in the Montr�al Area

Tweet
2295 Av. de Melrose, Montreal, Quebec

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The western slump

The western slump

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Montreal home building up 10 per cent

Montreal Home building up 10 per cent

Fuelled by strong demand for condos

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