B.C. couple worries that unexpected pay cuts could severely jeopardize their retirement plans

Situation: With their jobs downsized and pay cut, a couple worries their retirement will be spare Solution: Count the pension dollars, estimate what savings can generate, compare to future budget   Can a couple who have made their lives in the Armed Forces manage a comfortable retirement given the numerous job cuts, position terminations and […]

Canadian housing bulls are joining real estate doubters as warnings and oil collapse sink in

Canadians who last year brushed off predictions of a real estate slowdown and kept buying houses are increasingly joining the doubters. The nation’s households are the least optimistic since May 2013 that home prices will keep rising, according to weekly polling data compiled by Nanos Research for Bloomberg. The share of survey respondents predicting higher […]

Calgary home prices were the fastest growing in Canada in November

Calgary, Canada’s oil capital and hottest real estate market last year, continued to lead national home price increases in November. Prices for new homes in Calgary gained 0.3 per cent in November, the biggest advance among the nation’s largest real estate markets, Statistics Canada said today in Ottawa. From a year earlier, prices in the […]

Deutsche Bank reveals 7 reasons why ‘Canada is in serious trouble,’ starting with a 63% overvalued housing market

Deutsche Bank’s chief international economist Torsten Sløk has circulated a chart deck looking at global housing markets, and Canada stands out as having quite a few problems. According to the report, homes in Canada are 63 per cent overvalued, greater than the 50 per cent levels in Australia and Norway, Deutsche Bank AG said in […]

Sales of Canadian homes worth over $1M grew substantially last year and will again in 2015

bTORONTO — Sales of homes worth over $1 million increased in four major Canadian real estate markets last year, according to a report released by Sotheby’s International Realty on Wednesday. The Toronto area saw year-over-year sales growth of 38 per cent, while sales of Vancouver’s high-end homes rose by 25 per cent from the previous […]

Oil prices are making housing forecasts a tough call in Alberta

Plunging oil prices have made it almost too difficult to predict what will happen in the Calgary housing market, according to a new real estate forecast. As Vancouver home prices surge out of reach, businesses worry how to retain staff Business groups are raising the alarm about Vancouver’s ability to attract and retain the talent […]

As Vancouver home prices surge out of reach, businesses worry how to retain staff

VANCOUVER — When Allan Pulga, a communications manager, found out he was going to be a father, he had to make a tough choice — stay in a tiny downtown condo or leave Vancouver. First-time homebuyers are feeling the weight of Canada’s housing boom Bank of CanadaWith rising home prices and hefty student debts, more […]

House shopping in Toronto, Calgary, Vancouver? They’re desperation cities

Toronto. Calgary. Vancouver. They’re all Desperation City as far as young people trying to afford a house are concerned. The theme in housing market forecasts for 2015 so far is steady pricing. Some markets will more or less be flat, while the Big Three markets could rise 3 to 4 per cent. What more could […]

What can mortgage shoppers expect in 2015? Here are five predictions

1. More mortgage restrictions to come With Ottawa paring down its mortgage exposure, the Bank of Canada estimating up to 30 per cent overvaluation in Canada’s housing market, over-indebted consumers and average home prices incessantly breaking records, policy makers will restrict the mortgage market yet again. New limits on government-backed mortgage funding will make it […]

How to get your own ‘Vacation House For Free,’ according to this HGTV host

HGTV host Matt Blashaw thinks the chief appeal of a vacation home is its convenience. “It’s an easy vacation,” he explains. “The point is just to go have everything set up the way you want. You know the area, and you know you’re going to have fun.” The vacation may be easy, but the second […]

« Previous Page — Next Page »