Housing correction coming: Sharp or slow?

The Canadian housing market is due for a correction, but it will likely be a slow decline rather than a sharp drop, says a report from the Canadian Imperial Bank of Commerce. “While house prices are likely to adjust as interest rates eventually climb, the national pace of any correction is likely to be gradual,” […]

You better buy a house in this market before it’s too late.

Garry Marr, Financial Post · Jun. 22, 2011 | You better buy a house in this market before it’s too late. How many times have you heard those words? The panic thinking is driven partially by prices continuing to rise to record levels but also by the sense that near-record-low interest rates could rise at […]

Alberta renovation spending to lead country 1.7% growth in 2011, 4.9% in 2012

CALGARY — Renovation spending in Alberta is forecast to lead the country in year-over-year growth this year and in 2012, according to a report by the Altus Group, an economic consulting firm. The report said spending in Alberta on renovations hit $5.7 billion in 2010, which accounted for 9.5 per cent of all spending in […]

ROYAL LEPAGE: TOP 10 TIPS FOR SELLING YOUR HOME THIS SPRING

TORONTO, May 11 /CNW/ – Spring is upon us and the housing market is set to enter its busiest time of the year. With winter a mere memory and lots of sunshine on the way, many potential homebuyers will be out and about looking for the perfect home to suit their needs and budget.  If you’re […]

The ‘thrill’ of buying a house

William Hanley, Financial Post · Apr. 21, 2011 You walk into the open house, take one look and say to yourself: This is it. It’s the house I have to live in. Where do I pay? A bidding war? I’m in. Over my years of buying houses, I never bought one that did not have […]

Check owner-to-renter ratio when buying a condo

Buying a house is a big learning experience for most of us, since we do it infrequently. Buying a condo presents even more challenges. I always advise people to do lots of research, talk to neighbours and check the minutes of the condo board meetings. Don’t make an impulse purchase, as Jody White described doing […]

Rate of Home Price Appreciation Stabilizes after Post-Recession Recovery

Home values continue to rise, according to Royal LePage TORONTO, April 12, 2011 – The Royal LePage House Price Survey released today showed the average price of a home in Canada increased between 3.5 and 4.3 per cent in the first quarter of 2011, compared to the previous year, as markets continued their post-recession recovery. […]

Rosenberg: Canadian housing is okay

David Rosenberg, chief economist and strategist at Gluskin Sheff, remains a contrarian voice on the U.S. economic recovery, and he is also sticking to his argument that Canada is in pretty good shape – and that includes the country’s housing market. That market has taken a few knocks recently, even attracting derision from the foreign […]

10 ways to avoid buying the wrong house

10 ways to avoid buying the wrong house ELENA ELISSEEVA/SHUTTERSTOCK Real Estate: T.O’s priciest home is $27M Tighter mortgage rules here 2010’s best-read housing stories Be careful when buying U.S. property What to do when 14 students move in next… How not to buy the wrong house Buying a home: 10 things to know Vacation […]

Buying a vacation home: 10 things to know

Buying a vacation home: 10 things to know The first question to ask when buying a vacation property is how you plan to use it. Big gatherings, or quiet getaways?Dick Loek/Toronto Star file photo Real Estate: T.O’s priciest home is $27M Tighter mortgage rules here 2010’s best-read housing stories Be careful when buying U.S. property […]

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