Toronto property - the greedy digs for more

The Toronto Real Estate Board has estimated that the average home in Toronto cost about $383,000 last month, a story in itself but not for today. The land transfer tax on that totals just over $4,200. The new Toronto tax, which will be added to the original tax, will put the bill up another $1,900 to about $6,100.

Vancouver real estate prices will climb more slowly

VANCOUVER/CKNW(AM980) - The latest real estate forecast shows home prices continuing to rise in Vancouver over the next five years. The report by Genworth Financial Canada says new home prices will increase seven per cent this year and then climb 4.3 per cent each year through 2011.

B.C., Island economies aided by robust real estate industry

“It’s a reflection of strong consumer confidence and a key indicator of a strong and healthy economy in B.C. and across Canada,” Jennifer Lynch says, when asked about the latest economic impact study, prepared for the Canadian Real Estate Association (CREA) by Altus Clayton and released last week. “Real estate is a huge economic driver.”

Toronto retained its spot as the nation's most costly city

Toronto may always have the notoriety of being Canada's most expensive city, but a strong loonie has helped make it one of the world's most cost-effective cities to live in, according to a survey released today.

Canada real-estate market breaks records in May

The record-shattering surge in activity was not limited to Western Canada: growth was also reported in Ontario, Quebec and Manitoba.

Montreal Real Estate Board Statistics: The Resale Market Beats All Records

The resale market has broken all records since the start of 2007, with a 12% increase of transactions, including an 18% increase of sales in May. According to data from the Greater Montreal Real Estate Board's (GMREB) MLS(®) system, 28,157 transactions were recorded between January 1 and May 30, 2007, compared to 25,126 transactions for the same period last year.

Artis REIT announces acquisition of $213.1 million of properties in Alberta & British Columbia

Artis Real Estate Investment Trust ("Artis" or
the "REIT") announced today that it has entered into agreements with respect
to the acquisition of properties (the "Proposed Acquisitions") for a total
purchase price of $213.1 million. The proposed acquisitions are located in
Alberta and B.C.

Should vendor disclose Ontario property's past?

Does Ontario need a law requiring real estate agents or sellers to disclose whether a home being sold has a history of violence?

The Bank of Canada may raise interest rates

The growth in new-home construction comes at a time when housing prices are at record highs. Prices of homes listed on the Canadian Real Estate Association's Multiple Listing Service rose to a record C$323,936 in April, the realtor group said last month. Statistics Canada reports April new-home prices on June 11.

GE Real Estate has agreed to buy Dundee Real Estate Investment Trust's

GE Real Estate, which is the real estate arm of General Electric Co., will be buying assets located principally in Ontario, Quebec and Newfoundland.

Cottages, condos will be hot real estate buys of the future

An aging Canadian population and increasing immigration will bring significant changes to the country’s housing market, a report released Monday suggests.

Local real estate market stays hot

The May real estate market was hot - maybe even hotter than the weather during the past couple of days - as sales topped the $59 million-mark.

Western Canada drives national housing market to record

Canada's housing market has continued to escape the downturn unfolding in the U.S., with the average resale price of a home climbing above the $300,000 mark for the first time in April.