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Will higher property tax expedite the exodus off-island?

October 31st, 2012


Will higher property tax expedite the exodus off-island?

Property taxes are a factor weighed by potential homebuyers, but how big a role they play in the exodus of Montrealers to off-island communities is not immediately clear.

It’s a question that may assume more importance with Tuesday’s news that Montreal’s average property tax increase in 2013 will be 3.3 per cent.

“It d ...

RioCan, Tanger buy two Montreal-area outlets

October 30th, 2012

RioCan, Tanger buy two Montreal-area outlets

 

Deal valued at $94.7 million

TORONTO — RioCan Real Estate Investment Trust (TSX: REI.UN) and Tanger Outlet Centers Inc. are going ahead with the purchase of two outlet centres in the Montreal area for $94.7 million.

The co-owners announced Tuesday that they will share the cost of buying Les Factoreries St. Sauveur and Bromont Outlet M ...

No U.S.-style housing market meltdown for Canada: CIBC

October 30th, 2012

No U.S.-style housing market meltdown for Canada: CIBC

 

But prices likely to drop

 

No U.S.-style housing market meltdown for Canada: CIBC
 

CIBC report says Canada’s housing market much stronger than U.S. prior to its meltdown.

Photograph by: Leah Hennel , Calgary Herald

CALGARY — Canada is not poised for an American-style real estate meltdown, finds a new report released Tuesday by CIBC World Ma ...

Toronto homeowners face property tax hike after home values gain 22.8%

October 29th, 2012

Toronto homeowners face property tax hike after home values gain 22.8%

 

Reuters
Reuters Any tax increase based on the new assessments could squeeze some owners at a time when many Canadians are cutting back to meet mortgage payments and household debt sits at 163% of disposable income.

Commercial real estate on the rebound after politics and corruption lead to a first-half slump

October 26th, 2012

Commercial real estate on the rebound after politics and corruption lead to a first-half slump

Montreal was the only one of Canada’s six large markets where investment volumes declined, from $1.7 billion to $825 million, year over year, said Avison Young, which drew a link between political uncertainty and softer sales in its first Fall 2012 Canada, U.S. Commercial Real Estate In ...

High–End Homes in Canada Face a Decline in Demand after New Mortgage Rule is Implemented

October 25th, 2012

High–End Homes in Canada Face a Decline in Demand after New Mortgage Rule is Implemented

The changes that were enforced on the Canadian real estate mortgage policies in June this year have chilled down the housing market in major cities of Canada. The decision of the federal government to reduce the amortization period on government insured homes from 30 years to 25 years has taken ...

UPDATED: Le Plateau-Mont-Royal (Montréal) Open House!

October 24th, 2012

Please note the change for this upcoming openhouse.

We are proud to announce that this Oct 28th, 2:00 PM to 4:00 PM we will be hosting an Open House at 4475 Rue St-Dominique in the Le Plateau-Mont-Royal (Montréal) neighborhood, Montreal. This is an opportunity to visit this excellent condo for sale in beautiful Le Plateau-Mont-Royal (Montréal) .

Please come with any questions you may ha ...

Le Plateau-Mont-Royal (Montréal) Open House!

October 24th, 2012

We are proud to announce that this Oct 24th, 2:00 PM to 4:00 PM we will be hosting an Open House at 4475 Rue St-Dominique in the Le Plateau-Mont-Royal (Montréal) neighborhood, Montreal. This is an opportunity to visit this excellent condo for sale in beautiful Le Plateau-Mont-Royal (Montréal) .

Please come with any questions you may have. In the meantime you can take a virtual tour of ...

Le Plateau-Mont-Royal (Montréal) Open House!

October 24th, 2012

We are proud to announce that this Oct 28th, 12:00 PM to 12:00 PM we will be hosting an Open House at 4475 Rue St-Dominique in the Le Plateau-Mont-Royal (Montréal) neighborhood, Montreal. This is an opportunity to visit this excellent condo for sale in beautiful Le Plateau-Mont-Royal (Montréal) .

Please come with any questions you may have. In the meantime you can take a virtual tour of ...

Are we worrying ourselves into a housing crash?

October 24th, 2012

Are we worrying ourselves into a housing crash?

 

Garry Marr | Oct 20, 2012 3:48 PM ET | Last Updated: Oct 20, 2012 5:58 PM ET
More from Garry Marr | @DustyWallet

bz1020-houses

Maybe this is telling us you shouldn’t buy the biggest house

Just sit back and do nothing. It doesn’t sound ...

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