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Blog by alexandre sebe

Central bank holds interest rate, warns of risks ahead

October 28th, 2011
Central bank holds interest rate, warns of risks ahead

 

The Bank of Canada kept its key lending rate at 1 per cent on Tuesday, suggesting it believes the economy is still fragile and isn't ready for a bump in interest rates.

The decision marks the ninth consecutive time the central bank has kept the rate at just 1 per cent.

The statement that accompanied the interest rate announcement warn ...

Condos offer a lucrative return over time

October 26th, 2011

Condos offer a lucrative return over time

In 1982, Brad Lamb was studying engineering at Queen's University in Kingston and sharing a seven-bedroom house with nine others. With monthly rent set at $100 per person, it was a great deal for cash-strapped students. But when the owners put the property up for sale at $50,000 one spring day, young Brad was stunned.

"I pulled out my calculator and ...

Ask an Agent: How can I convert my rental property to condos?

October 26th, 2011
Ask an Agent: How can I convert my rental property to condos?

Before a rental property in the Montreal agglomeration can be converted into condos, there are important legal steps to follow.

As a Quebec notary, much of my practice consists of residential real estate. Lately, I've had an increasing number of requests from prospective buyers who want to invest in a rental property (e.g. duplex, triplex) in Montreal to convert that dwelling’s individual rental units into condos. The recurring question is: "How do I go ab ...

Province's Real Estate Market Rebounded in Third Quarter of 2011

October 25th, 2011

How a Hawaiian paradise became a ghost town

October 11th, 2011

How a Hawaiian paradise became a ghost town
Pool

Ambling into the warm embrace of Kukui'ula's clubhouse on Kauai's pristine south shore is to catch a fleeting glimpse into how the other half lives. Or, more accurately, the other 0.1%.

But with the global economy in turmoil and real-estate wounds still festering across the country, there's trouble in paradise.

"We broke ground on the clu ...

Building permits drop for second straight month in August: StatsCan

October 7th, 2011

Building permits drop for second straight month in August: StatsCan


OTTAWA - The value of building permits issued in August slipped for the second straight month amid growing anxiety about whether the Canadian economy is slipping back into recession.

The "disappointing" 10.4 per cent drop from July brought the total value to $5.9 billion for the month as both the residential and n ...

Canada doesn't see housing bubble, no need to cool

October 7th, 2011

Canada doesn't see housing bubble, no need to cool


NEW YORK (Reuters) - The Vancouver housing market is attracting unusually strong demand but Canada as a whole does not face a housing bubble that requires government action, Finance Minister Jim Flaherty said on Wednesday.

Flaherty and Bank of Canada Governor Mark Carney have paid close attention to Vancouver housing prices, and ...