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.