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Canada's soaring real estate market: Feel good now, pay later

September 27th, 2013

Canada's soaring real estate market: Feel good now, pay later

It’s a bad thing for Canada if housing prices keep rising.

Soaring house values are the most significant financial event of the past decade for the typical household. Now, it’s time to question how much good has come of it.

The housing boom has certainly been a major contributor to our economy, which came through the pas ...

Montreal’s assessed property values leap 19.5 per cent

September 27th, 2013

Montreal’s assessed property values leap 19.5 per centMontreal&#8217;s assessed property values leap 19.5 per cent

 

Property values in the Plateau-Mont-Royal borough rose 26.4 per cent compared to 2010, while apartment buildings with six or more units jumped just over 31 per cent.

Photograph by: Allen McInnis , Montreal Gazette

MONTREAL — Steadily climbing real estate values in Montreal have translated into a growing c ...

Tour des Canadiens plus two

September 18th, 2013

Tour des Canadiens plus two

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Posted by:

 

Montreal might now be a buyer’s market for condos, but you wouldn’t know it from the way the developers of the Tour des Canadiens are talking.

Canderel Group, and Cadillac Fairview Corp. Ltd, builders of the sold out residential tower next to the Bell Cen ...

House Hunting in ... Westmount, Montreal

September 18th, 2013

House Hunting in ... Westmount, Montreal

Yannick Grandmont for The New York Times

A three-bedroom Victorian mansion called Riverview, about midway up Mount Royal in Westmount, an affluent suburb of Montreal, is on the market for $3.1 million. More Photos »

A HISTORIC VICTORIAN MANSION IN WESTMOUNT, MONTREAL ...

Airbnb underground room rentals can be risky, some say

September 16th, 2013

Airbnb underground room rentals can be risky, some say


A website that allows people to book a room in another person’s home at the fraction of the price of a hotel room is catching on worldwide, but some are warning about the risks of hosting strangers.

Airbnb.com is a website that caught the eyes of Sam Esser and Ashleigh Esser-Cuming, a newlywed couple in Ottawa. T ...

Detroit real estate: 'Not for the faint of heart'

September 14th, 2013

Detroit real estate: 'Not for the faint of heart'



Canadians richer but saddled with record debt burden

September 14th, 2013

Canadians richer but saddled with record debt burden

These are stories Report on Business is following Friday, Sept. 13, 2013.

Follow Michael Babad and The Globe's Business Briefing on Twitter.

Wealth, debt burden rise
Canadians are getting richer, but are saddled with troubling levels of debt, underscoring the vulnerability of some families when interest rates inevitably rise.

M ...

Canada housing prices bounce higher but no crash seen

September 12th, 2013
Canada housing prices bounce higher but no crash seen

By Louise Egan

OTTAWA (Reuters) - Canadian housing prices climbed to a record high in August, according to a price index released on Thursday that suggested the property market, long the country's biggest engine of economic growth, remains strong but not frothy.

Home prices rose in August from what was already a record high in Jul ...

Housing affordability deteriorates in Canada, survey reveals

September 11th, 2013
Housing affordability deteriorates in Canada, survey reveals

Housing affordability deteriorates in Canada, survey reveals

Canadian housing market will lose buoyancy as demand wanes, supply grows: bank

September 11th, 2013
Canadian housing market will lose buoyancy as demand wanes, supply grows: bank
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