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Bank of Montreal : A Lesson From Spain: BMO Chief Economist Dr. Sherry Cooper Cautions Canadians on Over-Investing in Real Estate

April 30th, 2012
Bank of Montreal : A Lesson From Spain: BMO Chief Economist Dr. Sherry Cooper Cautions Canadians on Over-Investing in Real Estate

- Sorting through the wreckage of Spain's housing collapse reveals important lessons for Canada's housing market

- BMO advises Canadians of the importance of retiring mortgage free

TORONTO, ONTARIO--(Marketwire - April 30, 2012) - According to Dr. Sherry Cooper, ...

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Posted in General

Griffintown: OCPM believes it urgent that Montréal reassume development leadership

April 30th, 2012

Griffintown: OCPM believes it urgent that Montréal reassume development leadership

MONTREAL, April 30, 2012 /CNW Telbec/ - The Office de consultation publique de Montréal releases today its report on the consultation held in recent months to establish a vision and development orientations for the Griffintown area. Located in the Sud-Ouest borough, at the entrance to the central business distr ...

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Posted in General

Housing prices worry affluent: poll

April 30th, 2012

Housing prices worry affluent: poll



A leading researcher of Canadian cultural trends says extravagant prices for homes in Toronto and Vancouver could be a reason why nearly a quarter of Canadians polled who earn $100,000 a year or more have concerns about meeting their financial obligations.

A survey done for the Association for Canadian Studies found 22.8 per cent of respondents in this ...

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Posted in Opinions & Advice

Calgary house price gains slower than other centres

April 27th, 2012

Calgary house price gains slower than other centres

 

Greater Toronto leads surge

 

Calgary house prices have shown a trend of year-over-year increases recently.
 

Calgary house prices have shown a trend of year-over-year increases recently.

Photograph by: Mikael Kjellstrom (Kjellstr?m) , CAL

CALGARY — Calgary house price gains compared with a year ago were slower than many other Canadian regions, according to the MLS Home Price Index released Friday by th ...

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Posted in Canada

Heritage battle raging in Sud-Ouest

April 27th, 2012

Heritage battle raging in Sud-Ouest

The 50-unit La Machinerie lofts on St. Jacques St. is one of many residential redevelopments underway or proposed.
 

The 50-unit La Machinerie lofts on St. Jacques St. is one of many residential redevelopments underway or proposed.

Photograph by: Dario Ayala , THE GAZETTE

 

Montreal’s Sud-Ouest borough, a former industrial hub transformed by the low- ...

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Posted in Montreal

Why big investors are eyeing real estate investment trusts

April 25th, 2012

Why big investors are eyeing real estate investment trusts

Canadian REITs are no longer just reliable income plays. They’re becoming takeover targets – with juicy premiums being paid in several recent cases.

The latest acquisition among real estate investment trusts came last week when Northwest Value Partners Inc. paid a 61 per cent premium to acquire GT Canadian Medical Properties REIT.

Ear ...

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Posted in Commercial & Revenue

Rich immigrants ditching Quebec

April 21st, 2012

Rich immigrants ditching Quebec

Moving to B.C. after being accepted

MONTREAL -- Nine out of 10 wealthy immigrants accepted into Quebec's investor immigrant program never come to Quebec, federal Immigration Minister Jason Kenney said Friday.

"I do think it is peculiar that the province that was given power to select immigrants primarily to reinforce the French fact in Quebec is in fact flippin ...

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Posted in Opinions & Advice

Housing flat amid debt worries

April 21st, 2012

Housing flat amid debt worries

 



Sales up slightly, but prices down in March figures

Sales of existing homes rose 2.5 per cent in March from the previous month, while prices declined 0.5 per cent year over year, the Canadian Real Estate Association said Monday.

On a seasonally unadjusted basis, sales were up 1.6 per cent from March 2011 levels, the smallest increase since April last year. ...

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Posted in Canada

More affordable than a house: Condos seen as an attractive option in Vancouver's expensive real estate market

April 19th, 2012

More affordable than a house: Condos seen as an attractive option in Vancouver's expensive real estate market

- Affordable housing is a priority for Vancouver residents according to annual TD Canada Trust Condo Poll -

VANCOUVER, April 18, 2012 /CNW/ - Attracted to an urban lifestyle in one of Canada's most expensive real estate markets, nearly two-thirds (62%) of Vancouver condo buyers say th ...

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Posted in General

Most home buyers would walk away from bidding war: poll

April 19th, 2012

Most home buyers would walk away from bidding war: poll

 

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A real estate agent puts up a 'sold' sign in front of a house in Toronto on Tuesday, April 20, 2010. The Canadian Real Estate Association says Canada's home prices continued to rise last month and a majority of the country's local markets showed a balance between supply and demand, including in Toronto. (THE CANADIAN PRESS/Darren Calabrese)

A real estate agent puts up a 'sold' sign in front of a house in Toronto on Tuesday, April 20, 2010. (THE CANADIAN PRESS/Darren Calabrese)

TORONTO — A new Canadian survey reports that one-quarter of those polled would willingly get into a bidding war when buying a house.

The survey of 1,000 adult ...

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Posted in Opinions & Advice

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