In Saskatoon, the cost of a new house skyrocketed an amazing 45.1% in 2007, while prices were up 25.9% in Regina and 21.5% in Edmonton, Statistics Canada figures showed yesterday.
Prices were up 4.1% in Montreal, 6.4% in Vancouver, 6% in Calgary and 3.4% in Toronto and Oshawa over the year.
Tuesday, February 12, 2008
Saturday, February 9, 2008
Canadian commercial real estate 'green'
Overall, the composite score for all property types in Canada dropped slightly from the previous six-month period, declining to 85 from 87, still well positioned in "green" territory, Moody's said.
Moody's Canadian Red-Yellow-Green report assesses the strength of the Canadian commercial real estate markets that support commercial mortgage-backed securities. The new report is based on data through June 30, 2007, the latest available.
Moody's Canadian Red-Yellow-Green report assesses the strength of the Canadian commercial real estate markets that support commercial mortgage-backed securities. The new report is based on data through June 30, 2007, the latest available.
Wednesday, February 6, 2008
US Recession and the Toronto Real Estate Market
The tanking of the US housing market might actually act as a catalyst for something good for us in Toronto. And it's not just good for the lucky few who already own property, it also could help those who will be jumping into the market for the first time this year.
The US Fed has cut interest rates by a total of 1.25% in the past 10 days in an effort to stave off what some are calling an inevitable recession.
The US Fed has cut interest rates by a total of 1.25% in the past 10 days in an effort to stave off what some are calling an inevitable recession.
Sunday, February 3, 2008
Canadians nervous about buying U.S. real estate
36 per cent of Canadians who own a winter recreational property or who are considering purchasing one cite they are more inclined to buy a property in Canada than in the U.S. because of the economic uncertainty plaguing our southern neighbours, says the 2008 Royal LePage Winter Recreational Property Report.
The report says Canmore's ideal location on the eastern slopes of the Rockies surrounded by the mountains and a multitude of recreational activities "continue to make the area a coveted recreational destination."
The report says Canmore's ideal location on the eastern slopes of the Rockies surrounded by the mountains and a multitude of recreational activities "continue to make the area a coveted recreational destination."
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