Canada Real_Estate News

Some See a Real Estate Bubble Forming in Canada

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OTTAWA — Marie-Yvonne Paint, a real estate agent in Montreal, has the kind of problem most of her counterparts in the United States can only dream about.

   

Canada's seniors market is growing

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In a recently released report, StatsCan announced that Canadians are now living longer than ever before. This longer life expectancy means that Canada's Seniors Market is growing 'on both ends'. More Canadians are entering retirement age, as the 'baby boomer' generation is aging, and retirees are living longer once they get there.

   

Canada's Housing Market Better Than U.S.

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Canada's National Housing Agency predicted that building would increase this year and next, thus keeping increasing house prices down. An activity increase in the housing building industry happened during the last two quarters of 2009, ending with a total of 149,081 starts. The estimates for this year are already looking between 152,000 and 189,300, and next year's estimates are reaching over 200,000.

   

Canada Competition Bureau Challenges Realtor Rules

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Feb. 8 (Bloomberg) -- Canada’s competition bureau said today it will challenge rules imposed by the Canadian Real Estate Association, saying the measures limit consumer choice.

   

How To Buy Real Estate In Canada

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Toronto 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.

   

Calgary hardest hit in Canada's office space glut

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Calgary is gushing with new office supply coming on stream in the next couple of years at the same time that demand is waning because of falling commodity prices.

 

Canwest News Service Calgary is gushing with new office supply coming on stream in the next couple of years at the same time that demand is waning because of falling commodity prices.

The sluggish economy and an oversupply of new office buildings are being blamed for a sudden jump in vacancy rates to a level not since 2005, according to a new study.

   

Canada posts record July for real estate sales

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VANCOUVER — Record July sales in Metro Vancouver and Victoria helped lift British Columbia's real estate market into balanced conditions between buyers and sellers across the province, the B.C. Real Estate Association reported Friday, compared with last summer's slide into buyer's territory.
   

Real estate prices in Canada predicted to fall back to 2000 levels

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Property sales in Canada this year are expected to drop back to 2000 levels before rebounding in 2010, according to a new report from the Canadian Real Estate Association.

The Ottawa-based group, which represents 100 boards across the country, issued a new forecast for 2009 and predicted sales would fall to 360,900. That would be a 16.9% decline from 2008. Sales last year fell 17.1% from 2007.

'We are caught in a cycle where consumer confidence has been eroded because of job losses and consumer confidence is an essential ingredient for housing sales activity,' said Calvin Lindberg, president of CREA.

   

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North America Latest Real Estate News News

Realtors president to link real estate and technology
13/03/2011 | The Norman Transcript

   NORMAN — Realtors know technology plays an important role in the real estate industry. The Norman Board of Realtors has scheduled a continuing education program April 27 at the Holiday Inn that will address the connection between real estate trends and technology. Ronald Phipps, president of the National Association of Realtors, and Richard Mendenhall, past president of the [ ... ]


Aren't All Real Estate Agents Realtors?
27/12/2010 | hamptoms.com

 
  Southampton - A common public misconception is that anyone who holds a real estate license is a Realtor.


Southwest Florida real estate market attracts Canadian investors, other international clients
06/12/2010 | News-Press

   They come from Toronto, London and Dusseldorf, and they're all here for the deals.


Competition Bureau not done with CREA
10/11/2010 | Toronto Sun
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  Weeks after a settlement between the Canadian Real Estate Association and federal competition regulators shook up the resale housing industry, the Competition Bureau is investigating separate complaints against CREA, QMI Agency has learned.


On the Prowl for Carlos Slim
08/11/2010 | The Wall Street Jounal
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 Soly Halabi credits his success to connections and a little luck. Any wealthy mogul with a taste for New York real estate has a favored broker in the city. For Mexican billionaire Carlos Slim, it's a 27-year-old junior-college dropout who's yet to meet his famous client.


Calderon seeks limits on luxury cash purchases
05/09/2010 | Guadalajara Report
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  President Felipe Calderon is seeking to outlaw many transitions made with large sums of cash in a further bid to combat money laundering in Mexico. If the new laws pass, no one would be allowed to make cash purchases for real estate, automobiles, watches, jewelry, boats and dozens of other luxury items over 100,000 pesos (7,700 dollars).


International Buyers Dominate Miami's Residential Sales
16/08/2010 | Real Estate Channel
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 An estimated 60 percent of home sales in South Florida these days involve a foreign buyer, according to the Miami Association of Realtors.

That's an astounding number, no matter how you analyze the real estate market. Not only are international buyers playing a key role, they are driving sales at a time when U.S. investors clearly remain wary of pulling the trigger.

To a degree, this is a not [ ... ]


Where to buy: Top 10 cities
07/08/2010 | Financial Post
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    When investing in real estate, sometimes it’s necessary to look beyond your own backyard. The Real Estate Investment Network (REIN), a national organization of investors, has compiled what it says are the top 10 Canadian cities in which to invest. Few are major cities and some are surprising. Don Campbell, president of REIN, as well as one of the researchers on the study,  [ ... ]


Real Estate Doldrums on Gulf Coast Beaches
19/07/2010 | NY Times
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  GULF SHORES, Ala. — Nick Wilmott bent down on the beach near the high-tide mark and touched one of the reddish-brown pads of oil. It had washed up overnight from the BP spill off Louisiana and had yet to be cleaned up by the machines that sweep the beaches here every night.


Builders See Returning Florida Market
14/06/2010 | The Wall Street Journal
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SANFORD, Fla.—In Central Florida, one of the nation's most-hobbled housing markets, home builders are welcoming what they see as a returning market by snatching up cheap land and beginning construction on smaller, less expensive subdivisions. Home builders have been able to slash prices on new homes, partly because land is still cheap —some say as much as 40% to 60% off boom-era lot price [ ... ]