TORONTO real estate - A company that discovered its business strategy in adverse times, office landlord Allied Properties Real Estate Investment Trust offers a way to invest in the ongoing revitalization of city centres.
The largest owner of brick-and-beam office buildings in Canada, Allied has a portfolio of 69 character-filled low-rises in downtown Toronto, Montreal, Quebec City and Winnipeg.
"This is very clearly a long-term play on urbanization," said Neil Downey, managing director at RBC Dominion Securities, which has an "outperform" rating on the units. "There's also something to be said for a company that can survive tough times versus one that starts up when things are easy."
Monday, March 3, 2008
Saturday, March 1, 2008
Calgary real estate
In Calgary and Edmonton, the condo/house choice was more evenly split with 31 per cent opting for condos and 33 per cent for houses. Other options for individual Calgary and Edmonton women buyers were townhouses (23 per cent), duplexes/triplexes and fourplexes (10 per cent).
Two thirds (66 per cent) of women in the Alberta cities cite wanting to get into the housing market as a reason for buying their first home, compared with an average 54 per cent of women respondents across Canada, says the Women and Home Ownership Poll.
Two thirds (66 per cent) of women in the Alberta cities cite wanting to get into the housing market as a reason for buying their first home, compared with an average 54 per cent of women respondents across Canada, says the Women and Home Ownership Poll.
Thursday, February 28, 2008
Montreal Real Estate
Montreal continues to be beaten - badly - by the off-island suburbs. Young families and many of the most promising would-be taxpayers are hauling their stuff off island. The reason is simple. You can save a lot of money by living out there where the air is fresh and parking is never an issue.
The average cost for a condo in Montreal last year was $241,000 while it was $175,000 in Laval. The average on-island home was $357,000, compared to $236,000 in Laval. The numbers were similar in the other off-island suburbs.
The average cost for a condo in Montreal last year was $241,000 while it was $175,000 in Laval. The average on-island home was $357,000, compared to $236,000 in Laval. The numbers were similar in the other off-island suburbs.
Monday, February 25, 2008
Canadian home prices doubled in past 10 years
The number of homes sold nationally rose over 57 percent to more than 500,000 last year from 331,092 in 1997.
"Never before have we seen such a continuous run up in Canadian real estate," Michael Polzler, an executive vice-president at Re/Max, said in a statement.
Low interest rates, a robust job market, and strong consumer confidence were all credited as drivers. Immigration and domestic migration to tap Western Canada's booming economy also helped lift demand, the report said.
"Never before have we seen such a continuous run up in Canadian real estate," Michael Polzler, an executive vice-president at Re/Max, said in a statement.
Low interest rates, a robust job market, and strong consumer confidence were all credited as drivers. Immigration and domestic migration to tap Western Canada's booming economy also helped lift demand, the report said.
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