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12 tips to buy and sell real estate in 2012

December 30th, 2011

12 tips to buy and sell real estate in 2012

 

To buy or sell in 2012, what with Armageddon coming and all? Absent any ancient Mayan wisdom on real estate strategies, let's just hope the real cataclysmic event in the real estate market already has passed, even if the rubble from the bubble remains.

A stubborn overstock of households with loans higher than their value will continue to restrain ...

THE MONTREAL BUDGET VISUALIZED

December 19th, 2011

THE MONTREAL BUDGET VISUALIZED

 

This treemap chart shows the spending per activity in the 2012 Montreal city budget. The larger the rectangle, the more money is being spent.

Click on the blue header for each category to see a detailed breakdown. Right -click to return to the main chart.

The colours indicate the change in spending from 2011. Deep reds mean a large decrease in spending, whil ...

Property-tax deferment plan has backers in Montrea

December 19th, 2011

Property-tax deferment plan has backers in Montreal

Condo projects in older neighbourhoods in central Montreal can help drive up land prices, which means taxes also rise. Two organizations suggest tax deferments so homeowners can avoid paying more than the inflation rate until they sell.

MONTREAL - Tax relief is on the lips of a number of municipal politicians now that the city of Montreal's 2012 $4.74-billion budget has announced a three-per cent increase on local tax bills next year.

The three-per-cent figure, composed of a 2.5-per-cent spike for property taxes and a 0.5-per-cent increase for the island-wide water tax th ...

Bets on Canada Properties Produce Biggest Deal Returns: Real M&A

December 17th, 2011

Bets on Canada Properties Produce Biggest Deal Returns: Real M&A

 

By Charles Mead

Dec. 16 (Bloomberg) -- For the biggest takeover profits in North America, investors are betting on Canadian real estate.

Canmarc Real Estate Investment Trust of Montreal closed yesterday 4.1 percent above a C$15.30-a-share hostile bid from Cominar Real Estate Investment Trust after rejecting the offer. The ga ...

Cooling economy leaves air in China's homes market

December 16th, 2011
Cooling economy leaves air
in China's homes market

MONTREAL - Property prices continue to decrease in China, but there is no sound of a bubble popping. The China Index Academy, an institute focusing on real estate, reports that property prices declined in November for the third month in a row, dow ...

Lowest October volume on record, Westmount,

December 16th, 2011

Lowest October volume on record, Westmount

 

A mishmash of assorted Westmount real estate transfers in October covered over the fact that only six one- and two-family dwellings sold in the month - the lowest volume for an October on record.

Triplexes, commercial and multi-residential properties, vacant land and share sales of duplexes helped fill the list, but the paltry list of ...

November home sales, prices jump, sector entering sellers' market

December 16th, 2011

November home sales, prices jump, sector entering sellers' market

 

TORONTO - Canadian home sales and prices jumped again in November but the number of listings dropped off, pushing the sector closer to a sellers' market that could boost competition for a sparse selection of homes.

Home resales rose six per cent last month on a year-over-year basis and jumped 0.5 per cent on a ...

Canadian home sales edge higher in November

December 15th, 2011

Canadian home sales edge higher in November

OTTAWA - December 15, 2011 - According to statistics[1] released today by The Canadian Real Estate Association (CREA), national resale housing activity rose slightly in November 2011 from the previous month.

Highlights:

  • Sales activity rose slightly (+0.5 per cent) from October to November on a seasonally ...

Inherit the home and the headache

December 13th, 2011

Inherit the home and the headache

 

Inheriting a home from someone is always a great privilege, but it is worth checking the details of the will to avoid unpleasant surprises down the road.

If the home still has an outstanding mortgage or lien attached to it, whether or not you are on the hook for the debt depends on how the estate has been arranged.

"If you die and you own ...

Vancouver market cools on sales decline

December 13th, 2011

Vancouver market cools on sales decline


For doubters of the perpetually rising Vancouver real estate prices the past few years, a decline in November sales may be one of the first cracks in the market's strength.

But for the Greater Vancouver Real Estate Board (GVREB), which produced the statistics, the ma ...

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