Blog & News: News Media Reports
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| Cooler Canadian housing market may be good for parts of economy: CIBC - Vancouver Sun
November 29, 2012 TORONTO - One of the country's big banking groups has issued a report saying that a cooling in Canadian house prices may not be all bad news. The CIBC World Markets says the slowing of Canadian home sales will "take a bite" out of economic growth but adds there could be "winners as well ... |
| Canadian home sales higher or steady in most major cities in 2012: Vancouver Sun
November 14, 2012 MISSISSAUGA, Ont. - The latest real estate outlook from ReMax says Canadian home sales increased or held steady in much of the country this year despite tighter financing and economic uncertainty abroad. ReMax says the trend is expected to continue, with home-buying activity propped-up by low interest ... |
| Boomers warned using home sale to fund retirement could backfire - Financial Post
October 31, 2012 About a third of Baby Boomers plan to sell their home to fund their retirement, according to a study that questions whether buyers will dry up as that massive segment of the population downsizes. Bank of Montreal is warning Boomers not to count on that nest egg, while other observers suggest that even ... |
| No U.S.-style housing crash for Canada - Globe and Mail
October 30, 2012
While many concerns stem from the Canadian housing market, it will not see an American-style crash, a new Canadian Imperial Bank of Commerce report says. House prices will likely fall north of the border in the next year or two, but a number of factors are likely to mitigate the impact on borrowers ... |
| CMHC Defends Automated Home Price Evaluation System - CBC News
October 11, 2012 Canada Mortgage and Housing Corporation defended its methodology of evaluating properties on Thursday, after a newspaper report questioned whether the practice has led to artificially inflated home prices. "CMHC looks at the specific characteristics of the property in question," the federal agency ... |
| Metro Vancouver housing starts strong despite slowing sales - Vancouver Sun
October 09, 2012 Number of units being built year-to-date more than 10 per cent higher than 2011 Construction is going strong in Metro Vancouver, even though home resale prices are dropping slightly and sales activity is significantly below historical levels. Metro Vancouver housing starts in were on pace in ... |
| Vancouver showing 'clear reduction in buyer demand' - Financial Post
October 02, 2012 Vancouver’s real estate board says there have probably been “some reductions” in prices in some of its hottest markets, acknowledging the country’s most expensive city to buy a home in is now a buyer’s market. The Real Estate Board of Greater Vancouver maintains that prices ... |
| B.C. property prices a lesson for provinces - The Globe and Mail
September 27, 2012 The slumping real estate market is illustrative of the effect it has on the economy as homeowners feel a negative 'wealth effect' The slump in British Columbia's real estate market serves as a cautionary note for other provinces that are bracing for bumps in economic growth. When ... |
| ‘You can’t burst a bubble that wasn’t there’ - The Province
September 10, 2012 Sagging home sales and flat prices have prompted speculation that the “housing bubble” might be But there is no housing bubble, according to Tsur Somerville, director of the University of ... |
| Metro Vancouver prices remain high as home sales slow - Vancouver Sun
September 05, 2012 Metro Vancouver realtors saw their second-slowest August for residential property sales since 1998, “We’ve seen a slowdown in the market in terms of the number of transactions, but there’s ... |
| Canada's Hot condo market set to get even hotter - Financial Post
August 30, 2012 The average price of homes sold in B.C. is forecast to fall 7.8 per cent this year, but that doesn’t mean The average Multiple Listings Service price is down ... |
| Average B.C. home price to dip 7.8 per cent:economist - Vancouver Sun
August 30, 2012 The average price of homes sold in B.C. is forecast to fall 7.8 per cent this year, but that doesn’t mean The average Multiple Listings Service price is down ... |
| ‘Vancouverism’ architecture: It's style over substance - Vancouver Sun
August 27, 2012 Style over substance. That best describes what has been troubling me about Vancouver’s architecture In a column a few weeks back, I tried to explain my angst with the modern architecture that many in |
| RBC’s two mortgage rates rise: Vancouver Sun
August 21, 2012 RBC Royal Bank raised two of its mortgage rates by one-fifth of a point each on Tuesday, and it’s likely Helmut Pastrick, chief economist at Central 1 Credit Union, said bond yields have gone up by about 0.3 |
| First-time homebuyers wish they had a second chance: Report - Vancouver Sun
August 09, 2012 Buying a first home is one of life’s most significant purchases, and a new poll shows many first-time homebuyers wish they had done things differently. More than half of those who were asked said they would make a bigger down payment and that they would buy a home sooner, the 2012 TD Canada Trust ... |
| Metro home prices will slip, not plunge: Vancouver Sun
August 08, 2012 Metro Vancouver home prices may slip a bit over the next year, but don’t expect them to drop sharply, according to a The report was released on the same day as a Scotiabank report with a more pessimistic outlook for prices, saying the |
| Metro Vancouver apartment building sales on par with 2011 - Vancouver Sun
July 28, 2012 Metro Vancouver apartment building sales are on par with last year, although values have soared in the central city, “They [buyers] are buying tired buildings that haven’t been kept up and then spending a lot of money on renovating |
| Royal LePage House Price Survey (Q2) and Market Survey Forecast
July 10, 2012 Canada's Housing Market at a Tipping Point National price appreciation forecast to soften modestly for the remainder of the year TORONTO, July 10, 2012 – The Royal LePage House Price Survey and Market Survey Forecast released today showed the average price of a home in Canada increased ... |
| Metro Vancouver home prices climb while sales drop - Vancouver Sun
April 03, 2012 VANCOUVER -- Prices of homes in the Greater Vancouver area continue to climb while home sales have dropped to some of the lowest levels seen in a decade, the Real Estate Board of Greater Vancouver said Tuesday. Sales of residential properties were down 29.6 per cent in March compared to a year earlier, ... |
| Vancouver Sun: Real estate in Metro Vancouver: Is spring a good time to buy?
March 29, 2012 Metro Vancouver residents are split this year over whether spring is a good time to buy real estate, according to a new consumer confidence survey. “What’s really interesting is how definitive it’s become,” said Ian Martin, general manager of REW.ca, the online real estate search site ... |
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