Share The Toronto Real Estate Board (TREB) released its figures for January recently, and overall they paint a very positive picture. Sales are up 87% from a year before, with 4,986 homes exchanging hands in January 2010. This is comparison to January 2009, when only 2,670 sales were completed. The president of the board, Tom [...]
Share Finance Minister Jim Flaherty is tightening mortgage rules in order to crack down on speculators and discourage homeowners from taking on too much debt. This is the attempt made to responding on the growing concerns that Canada’s housing market is getting too hot, although he stresses that there is no such bubble in Canada’s [...]
Share Some real estate experts are worried that our current housing market is facing a bubble because low interest rates are encouraging some borrowers who are not financially secure to enter it. Now there is a new concern emerging: sales activity in real estate is being driven by foreign investors, particularly Chinese investors. At issue [...]
Share New research by the Royal Bank of Canada (RBC) suggests that recession weary Canadians are divided on the future of the country’s economy; however there is much more hope for the year ahead. According to the data, 60% of people across Canada feel that the national economy will improve in 2010 after 2009 being [...]
Share Canada’s real estate market is finding its balance; with a surge in new listings in November, it has helped ease the supply shortage and prices from a month earlier, easing fears of a bubble in the making, although the rebound in the market continued. Economists have been looking for exactly this because a stead [...]
Share The month of November was fairly good for the Lethbridge real estate market as the number of sales for the month was up 48% from year ago levels. The number of sales that took place in November was 158, compared to 107 in 2008. This makes 49 more sales in November 2009, than November [...]
