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BMO's mortgage rate cut won't have big impact on housing market

March 28th, 2014

BMO's mortgage rate cut won't have big impact on housing market

2.99% 5-year fixed rate a marketing gimmick, say some, and won't significantly alter demand

Source.By Kazi Stastna, CBC News Posted: Mar 28, 2014 5:00 AM ET Last Updated: Mar 28, 2014 6:04 AM ET

The 2.99 per cent mortgage is not here to stay, say some analysts, and is in large part a marketing gimmick aimed at attracting new business ahead of the traditional spring uptick in sales in the housing industry.

The 2.99 per cent mortgage is not here to stay, say some analysts, and is in large part a marketing gim ...

Real estate: What $500K buys across Canada

February 20th, 2014

Real estate: What $500K buys across Canada

In late December 2013, the Canadian Real Estate Association predicted that the national average price for a home will be $391,000 this year. But it's hard to compare how far your buck will go in Canadian cities using that figure, since the average prices at year's end are so very different: $785,574 in Vancouver and $320,693 in Montreal, f ...

How Canada’s new immigration rules could slow high end real estate sales

February 12th, 2014

How Canada’s new immigration rules could slow high end real estate sales

Canada’s luxury housing market has already been impacted by changes to immigration policy and could be in for rougher times as foreign investors are lured to the United States.

‘I know what our campaign commitments are and I stand by those commitments,’ Tony Clement said. Echoed Jason Kenney: ‘We ma ...

In U.S. sunbelt, economic tides roll in on the real-estate deal of a lifetime

February 10th, 2014
 In U.S. sunbelt, economic tides roll in on the real-estate deal of a lifetime

BOCA RATON, Fla. - The epic beach party might not be over yet, but the economic tides are starting to inch a little closer for aspiring Canadian snowbirds.

A pair of concurrent trends over the last year have chipped away at the historic buying power Canadians enjoyed in the American sunbelt since th ...

In U.S. sunbelt, economic tides roll in on the real-estate deal of a lifetime

February 10th, 2014
 

In U.S. sunbelt, economic tides roll in on the real-estate deal of a lifetime

 

BOCA RATON, Fla. - The epic beach party might not be over yet, but the economic tides are starting to inch a little closer for aspiring Canadian snowbirds.

A pair of concurrent trends over the last year have chipped away at the historic buying power Canadians enjoyed in the American sunbelt since ...

In Montreal’s crowded condo market, size matters

February 4th, 2014

In Montreal’s crowded condo market, size matters

 

MONTREAL — When Sam Scalia’s first downtown highrise sold just 10 condos last year, the veteran developer pulled the project from the market until he could find a way to offer his buyers less.

The founder of Samcon Inc. is relaunching his 230-unit Drummond condo project next month with units that are each about 100 square feet ...

TD Bank, IMF say Canadian real estate 10% overvalued Affordability is falling as prices rise, but TD expects price hikes to slow

February 3rd, 2014

TD Bank, IMF say Canadian real estate 10% overvalued

Affordability is falling as prices rise, but TD expects price hikes to slow

Many experts and economists, from the OECD to the IMF, agree the Canadian housing market is overvalued – the question is by how much.

According to TD economist Diana Petramala, the figure is 10 per cent. The International Monetary Fund agrees, estimating ...

Demand for luxury homes still strong in Canada, real estate company says

January 28th, 2014
 
 

Demand for luxury homes still strong in Canada, real estate company says

The luxury end of the Canadian housing market shows no signs of slowing down, at least according to one real estate company.

Re/Max surveyed 16 Canadian markets and found sales of what it calls “upper end homes” higher in 75% of those markets.

Vancouver, the priciest market in the country, saw an increase ...

Canada: Lien On Me: Purchasers As Secured Creditors

January 24th, 2014

Canada: Lien On Me: Purchasers As Secured Creditors

Pan Canadian Mortgage Group v. 679972 B.C. Ltd., 2013 BCSC 1078 (Pan Canadian), addresses the nature and priority of a purchaser's lien, which, in general terms, is a financial charge that results when a purchaser pays a deposit toward the purchase price under a contract of purchase and sale.

In Pan Canadian, a construction lender had ...

BlackBerry to sell most Canadian real estate holdings

January 21st, 2014

BlackBerry to sell most Canadian real estate holdings

BlackBerry says it intends to sell the majority of its commercial real estate holdings in Canada, but will keep its headquarters in Waterloo, Ont.

Of the real estate holdings for sale, 78.3 per cent are located in Waterloo Region, according to a promotional pamphlet released by BlackBerry. 

The smartphone maker plans to use a combin ...

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