Written by Ric Swihart
Friday, 08 January 2010
While major Canadian cities showed significant increases in the real estate market in 2009, they had much further to recover after the boom times two and three years ago compared with southern Alberta, says a local official.
Audrey King, president of the Association of Lethbridge and District Realtors, said listings and sales in Lethbridge through realtors were down about two per cent through Dec. 31, 2009 from a year earlier.
Lethbridge realtors sold 1,169 homes in 2009. They also sold 250 condominiums. In the year, 1,839 homes were listed for sale.
The 2009 southern Alberta figures, which include country residential and farms, were sales of 2,355 properties with 5,304 listed in the year. That compares to 2,575 sales to Dec. 31, 2008 and listings of 6,219.
Nationally, house prices appreciated late in 2009 with the fourth quarter price average surpassing averages from the same quarter in 2008.
Saturday, January 9, 2010
Thursday, January 7, 2010
Vince Vaughn marries Canadian real estate agent
Sorry ladies, Vince Vaughn is off the market (and is now half-Canadian!).
Full report via Reuters:
Hollywood actor Vince Vaughn wasn't a gatecrasher at a wedding last Saturday -- he was the groom.
Vaughn married his girlfriend of two years, Kyla Weber, in a small, private ceremony outside his hometown of Chicago on Saturday, according to People magazine.
A representative for the actor, who starred in the movie "Wedding Crashers" in 2005, told the magazine that Vaughn, 39, proposed to Weber, a 31-year-old Canadian real estate agent, last Valentine's Day.
It is the first marriage for both Vaughn and Weber. Vaughn, whose film credits also include "Fred Klaus" and "Four Christmases," previously dated his co-star from "The Break-Up," actress Jennifer Aniston.
Read more: http://network.nationalpost.com/np/blogs/theampersand/archive/2010/01/05/vince-vaughn-marries-canadian-real-estate-agent.aspx#ixzz0bxv0uBIm
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Full report via Reuters:
Hollywood actor Vince Vaughn wasn't a gatecrasher at a wedding last Saturday -- he was the groom.
Vaughn married his girlfriend of two years, Kyla Weber, in a small, private ceremony outside his hometown of Chicago on Saturday, according to People magazine.
A representative for the actor, who starred in the movie "Wedding Crashers" in 2005, told the magazine that Vaughn, 39, proposed to Weber, a 31-year-old Canadian real estate agent, last Valentine's Day.
It is the first marriage for both Vaughn and Weber. Vaughn, whose film credits also include "Fred Klaus" and "Four Christmases," previously dated his co-star from "The Break-Up," actress Jennifer Aniston.
Read more: http://network.nationalpost.com/np/blogs/theampersand/archive/2010/01/05/vince-vaughn-marries-canadian-real-estate-agent.aspx#ixzz0bxv0uBIm
The National Post is now on Facebook. Join our fan community today.
Tuesday, January 5, 2010
How To Buy Real Estate In Canada
The Canadian property purchasing process closely resembles its American counterpart, with oversight and listing information provided by the Canadian Real Estate Association. Prospective buyers should factor in taxes and fees when pricing properties, including a Goods and Services Tax on new housing, Realtor and attorney charges and costs associated with land transfer and mortgage loan coverage. See the following article from International Property Journal for more on this.
buying Canada real estate
Toronto, Canada
Anyone familiar with transactions in the United States won’t have any problem navigating the Canadian system. There are few restrictions on foreign ownership and the process is full of checks to protect both buyer and seller.
In many ways the system mirrors the United States, with the Canadian Real Estate Association overseeing the licensing and ethical standards of Realtors, much like the National Association of Realtors in the U.S. CREA owns the MLS trademark and operates Realtor.ca for residential properties and ICX.CA for commercial listings, which include listings from regional boards around the country. The CREA site also includes the latest data on prices and sales.
buying Canada real estate
Toronto, Canada
Anyone familiar with transactions in the United States won’t have any problem navigating the Canadian system. There are few restrictions on foreign ownership and the process is full of checks to protect both buyer and seller.
In many ways the system mirrors the United States, with the Canadian Real Estate Association overseeing the licensing and ethical standards of Realtors, much like the National Association of Realtors in the U.S. CREA owns the MLS trademark and operates Realtor.ca for residential properties and ICX.CA for commercial listings, which include listings from regional boards around the country. The CREA site also includes the latest data on prices and sales.
Sunday, January 3, 2010
Canada Housing Resales Climbed to Record in November
By Alexandre Deslongchamps
Dec. 15 (Bloomberg) -- Canadian home resales rose to a record 46,450 units in November, as the housing market helped to pull the economy out of recession, a realtor group said.
Seasonally adjusted sales in November climbed 67 percent from a year earlier, the Canadian Real Estate Association said in a statement.
“The Canadian housing market remains on fire as the combination of low mortgage rates and still favorable buying conditions continues to spur buying activity,” Millan Mulraine, an economist with TD Securities in Toronto, said in a note to clients.
The Bank of Canada has predicted growth in housing investment will stay “brisk until early 2010,” and then slow as pent-up demand is satisfied and affordability declines. The bank lowered its benchmark lending rate to a record 0.25 percent in April to spur domestic demand and pledged to leave it there through June unless the inflation outlook changes.
Dec. 15 (Bloomberg) -- Canadian home resales rose to a record 46,450 units in November, as the housing market helped to pull the economy out of recession, a realtor group said.
Seasonally adjusted sales in November climbed 67 percent from a year earlier, the Canadian Real Estate Association said in a statement.
“The Canadian housing market remains on fire as the combination of low mortgage rates and still favorable buying conditions continues to spur buying activity,” Millan Mulraine, an economist with TD Securities in Toronto, said in a note to clients.
The Bank of Canada has predicted growth in housing investment will stay “brisk until early 2010,” and then slow as pent-up demand is satisfied and affordability declines. The bank lowered its benchmark lending rate to a record 0.25 percent in April to spur domestic demand and pledged to leave it there through June unless the inflation outlook changes.
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