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Wednesday, July 13th, 2016

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 […]

Canadian home sales rise 0.8% to highest level in four years – Ask a Vancouver Mortgage Broker

July 22, 2014 by  
Filed under Recent News

Canadian existing home sales in June reached their highest monthly level in more than four years as prices continued to rise in some of the country’s hotter markets. But the housing market is becoming an increasingly local story with the disparity between hot and cold markets growing across Canada, something the Canadian Real Estate Association […]

Toronto tops for speedy home sales: How does your city measure up? – Consult with a Vancouver Mortgage Broker

Calgary might have the hottest housing market in the country right now, and Vancouver’s might be the priciest, but Toronto is tops when it comes to the speed with which homes are selling. The homes that sold in the Toronto area last month were on the market for an average of 20 days. Homes that […]

Home prices showing ‘early signs of accelerating’ – Consult with a Vancouver Mortgage Broker

The Globe’s new Real Estate Beat offers news and analysis on the Canadian housing market from real estate reporter, Tara Perkins, and others. Read more on The Globe’s housing page and follow Tara on Twitter @TaraPerkins. Canadian home prices appear to be picking up a little steam. The gains come even after a sluggish winter for home sales, and […]

No collapse in Canada’s condo market, but not much growth either – Consult with a Vancouver Mortgage Broker

The report is sponsored by Canada’s largest private mortgage default insurer but it shows a relatively flat condo market in Canada’s eight largest market for high rises. Leaving the city (and the big mortgage) behind Many couples, stunned by the value of their homes in Canadian urban centers like Toronto, Calgary and Vancouver, are pondering […]

In Canada’s housing market here’s what $500 K buys: A lake in Edmonton … a condo in Toronto – Consult with a Vancouver Mortgage Broker

The Canadian Real Estate Association has 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, […]

Demand for luxury homes still strong in Canada, real estate company says – Ask a Vancouver Mortgage Broker

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 of 36% […]

Flaherty threatens action – Consult with a Vancouver Mortgage Broker

Finance Minister Jim Flaherty says he will step in to intervene once more if the housing market appears to move toward a bubble. “I’m comfortable with where we are, but we have to watch and, if we see anything moving toward a bubble, we can intervene,” Flaherty said in an interview with BNN Television this week. “It’s […]

Luxury home sales expected to climb: study – Ask a Vancouver Mortgage Broker

September 12, 2013 by  
Filed under Recent News

Sales of luxury homes will likely gain momentum in the fall, fuelled by demand from international investors, according a new report from real estate sales and marketing company Sotheby’s International Realty Canada. The company said Tuesday that sales of high-end homes worth at least $1 million were up in major Canadian urban markets in the […]

No ugly downturn for condo market, even in Toronto: Consult with a Vancouver Mortgage Broker

TARA PERKINS – REAL ESTATE REPORTER The Globe and Mail A new report from the Conference Board of Canada predicts that the much-watched condo sector will avoid an ugly downturn, even in Toronto. Economists and policy-makers are keeping a close eye on condos, especially in the country’s most populous city, where cranes dot the sky. A […]

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