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Best And Worst Real Estate Markets In Canada

December 18th, 2012

Best And Worst Real Estate Markets In Canada

The Huffington Post Canada  |  Posted:   |  Updated: 12/18/2012 11:48 am EST

Canadian home sales retreat in November

December 18th, 2012

Canadian home sales retreat in November
 Montreal, Toronto, Vancouver contribute most to small decline

Canadian home sales retreat in November
 

November was the seventh consecutive month in which the year-over-year gain shrank and marked the slowest rate of increase since May 2011.

Photograph by: Richard Buchan , THE CANADIAN PRESS

OTTAWA, Ont. — Canadian home sales suffered their second straight monthly decline ...

Condo insurance: a dripping time bomb

December 14th, 2012
 
 

Condo insurance: a dripping time bomb

 

Condo insurance: a dripping time bomb
 

While there are no statistics documenting under-insurance in condominiums, co-owners, lawyers, insurance brokers and industry officials say it has become a critical and widespread issue in the condo market, the fastest-growing housing sector in Montreal, Toronto and Vancouver.

Photograph by: Susan Ferguson , ...

Home construction cools, below forecasts in November

December 13th, 2012

Home construction cools, below forecasts in November

Canadian housing starts appear to be embarking on the cooling that economists have been expecting, with November’s figures coming in slightly below forecasts.

The monthly seasonally adjusted annual rate of starts was 196,125 units, Canada Mortgage and Housing Corp. said Monday, down from 203,487 in October. Economists on average ...

U.S. housing climbs as Canada loses altitude

December 13th, 2012

U.S. housing climbs as Canada loses altitude

 

Housing activity in the United States is gearing up while Canada’s residential real estate market appears to be in for a soft landing, Bank of Nova Scotia economist Adrienne Warren says in a new research note.

While average prices in the U.S. are still about 30 per cent lower than their 2005 peak, the long road to recovery has begun. ...

Employment Increased Sharply in Québec and Canada in November

December 11th, 2012

Employment Increased Shar

According to Statistics Canada, employment in Québec increased for a fourth consecutive month in November. Seasonally adjusted data indicates that Québec’s economy gained 18,200 (net balance) jobs in November 2012, all of which were full-time jobs.

Employment in Canada also increased sharply in November compared to last month, with 59,300 new jobs. The Canadian ...

As condo construction eases, first-time buyers left out in the cold

December 11th, 2012

As condo construction eases, first-time buyers left out in the cold

As condo construction eases, first-time buyers left out in the cold
 

On Montreal Island, new condo construction slipped 5.8 per cent, year to date, compared with record-breaking 2011.

Photograph by: John Mahoney

MONTREAL — First-time buyers continued to be edged out of the Greater Montreal housing market in November, with condo sales plunging 20 per cent on an annual ba ...

U de M cancelling real-estate deal with Catania

December 11th, 2012

U de M cancelling real-estate deal with Catania

U de M cancelling real-estate deal with Catania
 

Université de Montréal bought the Mont-Jesus-Marie convent back in 2003. Plans to sell it to Catania Constructions, which planned luxury condos despite local opposition, are now on ice.

Photograph by: Marie-France Coallier , Gazette file photo

MONTREAL — The Université de Montréal is pulling the plug ...

RESIDENTIAL MLS® STATISTICS - Province of Québec

December 8th, 2012
RESIDENTIAL MLS® STATISTICS - Province of Québec
TOTAL RESIDENTIAL
  3rd Quarter 2012 Last 4 Quarters
Sales 15,212   -6 % 79,495   4 %  
New Listings 35,132   -2 % 157,836   4 %  
Active Listings 62,996   7 % 63,559   11 %  
Volume (in thousa ...

Zampino, Catania principals in deal

December 6th, 2012

Zampino, Catania principals in deal

 

Eight men charged to appear next year

When former Montreal mayor Gérald Tremblay resigned this month amid allegations of corruption at city hall, he told Montrealers that had he known about the details surrounding the Faubourg Contrecoeur project, the controversial real estate deal would never have happened.

The Faubourg Contrecoeur is ...

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