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Florida real estate market starting to turn around

February 28th, 2012
 
 

Florida real estate market starting to turn around

Miami is Florida's No. 1 turnaround town.
 

Miami is Florida's No. 1 turnaround town.

Photograph by: Thinkstock , Postmedia News

Just as even the brightest, warmest sun must eventually set, the era of bargain real estate in Florida may be coming to an end, experts say.

Florida, which was among the first U.S. states to be hit by the real estate downturn and recession, is ...

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Posted in International

Olympic Village goes on the market again

February 28th, 2012

Olympic Village goes on the market again

 

Montreal&#8217;s Olympic Village is up for sale, La Presse reported Monday.
 

Montreal’s Olympic Village is up for sale, La Presse reported Monday.

MONTREAL - Montreal’s Olympic Village – a sprawling complex with 980 rental units – is up for sale, La Presse reported Monday.

It’s the second time owner El-Ad Canada has put the complex on the block in recent years, but real estate observers say the timing is far better ...

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Posted in Montreal

Monday Morning Interest Rate Update (February 27, 2012)

February 27th, 2012

Monday Morning Interest Rate Update (February 27, 2012)

SOURCE:David Larock in Mortgages and Finance, Home Buying

If you want to look beyond the incendiary headlines about housing bubbles in Canada’s largest real estate markets, last week’s report by the Bank of Canada (BoC), called Household Finances and Financial Stability Review, is worth a read. The report highlights several areas of con ...

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Posted in Canada

3471 Av. Belmore, Montreal, Quebec

February 27th, 2012

I just finished uploading this House for sale, 3471 Av. Belmore, Montreal, Quebec

MLS® Remarks Classic, spacious and bright 4-bedroom home with built-in cabinets, oak floors and trim, warm eat-in kitchen, large and open living-dining room with bay windows. Balcony in front, large deck and sun porch in the back, with 2 car parking + garage. Large basement with separate entrance ready for an en ...

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Posted in Listings

Mark Carney defends Bank of Canada’s approach to interest rates

February 26th, 2012

Mark Carney defends Bank of Canada’s approach to interest rates

 

Bank of Canada Governor Mark Carney listens to a question from the audience after speaking to the National Forum in Toronto, December 12, 2011

Bank of Canada Governor Mark Carney listens to a question from the audience after speaking to the National Forum in Toronto, December 12, 2011

SOURCE:Chris Young/THE CANADIAN PRESS
SOURCE:Craig Wong The Canadian Press

OTTAWA—Bank of Canada governor Mark Carney is defending the way the central bank sets interest rates, not ...

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Posted in Canada

Have your say on Quebec’s condo overhaul

February 25th, 2012
This architect&#8217;s rendering shows that parks and greenery will border District Griffin Phase II on three sides. The real-estate project comprises 112 condo units within an eco-friendly 14-storey building that is close to downtown Montreal, the Old Port, Lachine Canal and Atwater Market.
 

This architect’s rendering shows that parks and greenery will border District Griffin Phase II on three sides. The real-estate project comprises 112 condo units within an eco-friendly 14-storey building that is close to downtown Montreal, the Old Port, Lachine Canal and Atwater Market.

Photograph by: . , Handout photo

Across Canada, provinces have either changed - or are planning ch ...

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Posted in Quebec

Buyer Beware, Part 2: Condos saved from ruin

February 25th, 2012

Buyer Beware, Part 2: Condos saved from ruin

Property managers Michael Chetboun (left) and Benjamin Remia at Ch&#226;teau Nasso. When they were hired, &#8220;it was complete mayhem,&#8221; Remia recalls.
 

Property managers Michael Chetboun (left) and Benjamin Remia at Château Nasso. When they were hired, “it was complete mayhem,” Remia recalls.

Photograph by: Pierre Obendrauf , The Gazette

The Gazette’s Allison Lampert will lead a chat with real-estate experts Mary Lamey and Daniel Rafuse Monday at noon, at live.montrealgazette.com.

MONTRE ...

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Posted in Quebec

MLS® Home Price Index launches in major Canadian markets

February 24th, 2012

MLS® Home Price Index launches in major Canadian markets

People from across the Lower Mainland, and in major markets across the country, now have an enhanced statistical measure to help them understand home price trends in the country's largest markets.

Launched earlier this month, the MLS® Home Price Index (MLS® HPI) is the best and purest way of determining price trends in the housing mark ...

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Posted in Canada

Bank of Canada Says Home-Price Decline May Cause Consumer Spending ‘Shock’

February 23rd, 2012

Bank of Canada Says Home-Price Decline May Cause Consumer Spending ‘Shock’

Canadian consumer spending is at risk of a “shock” because of growth in borrowing linked to rising home prices, the country’s central bank said.

“There has been a steady rise in Canadian household indebtedness,” the Bank of Canada said in its Review document, a collection of academic papers. “Households could therefore ...

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Posted in Canada

Toronto home buyers may be baffled, but builders are bullish

February 23rd, 2012

Toronto home buyers may be baffled, but builders are bullish

“Canadians don’t know what to think about the economy any more,” says Norman Baillie-David, a consumer confidence guru.

Every month, Mr. Baillie-David surveys Canadians to find out how buoyant – or pessimistic – they are feeling about their prospects.

Optimism surged in January only to be dragged down by the mid-winter blahs in Feb ...

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Posted in Canada

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