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Undivided Loyalty - Why Buyers Choose Licensed Independent Real Estate Agents
2010-03-09
With so many Agencies and their sales people representing Sellers in the real estate market, Buyers in New Brunswick are demanding real representation. "I'll treat you fairly" is no longer an acceptable performance standard to many Buyers. The... » read more
Understanding Average Sales Price
2010-03-08
One of the most common, yet often misrepresented, measurements we have in our industry is average sales price. On the whole, it’s an easy number to understand but there is so much more you can draw from it if only you scratch beyond the surface. » read more
Real Estate Investing Tips & Techniques
2010-03-07
A number of things likely come to mind when you think of virtual real estate investing. You might immediately leap to real estate investing being real estate portfolios and real estate retirement plans or you may think instead of short sales, bulk... » read more
Boomers Ready for Retirement Housing
2010-03-06
According to John Migliaccio, director of research for MetLife's Mature Market organization, more than 78 million baby boomers, born between 1946 to 1964, will reach age 55 over the next 10 years.
He and other trend spotters... » read more
Investing in real estate can be a fantastic way to save
2010-03-05
Investing in real estate can be a fantastic way to save for your retirement that tends to be more stable than stock market investing over the long term and it also promises greater returns than the stock market as well.
Of course, the... » read more
Fed Should Raise Interest Rates Sooner Than Later: Hoenig
2010-03-04
The Federal Reserve should raise interest rates sooner rather than later, and though it would be difficult to raise them right now, the effects would be very minor if they were raised gradually, Kansas City Fed President Thomas Hoenig told CNBC... » read more
New BMO 3.75 per cent Five-Year Fixed Rate Mortgage Will Help Canadians Become Mortgage-Free Faster
2010-03-03
BMO offers new mortgage with a maximum 25-year amortization-"Canadians can have their mortgage-burning party a decade sooner"
The new mortgage:
- Offers the lowest fixed rate for a five-year closed term at... » read more
Warren Buffett: U.S. real estate will recover by 2011
2010-03-02
Billionaire investor Warren Buffett told Berkshire Hathaway investors that the U.S. residential real estate market will recover sometime in 2011. He says demand will start to match the excess supply created in the housing bubble.
» read more
Low inventory levels set stage for heated Spring market in most major Canadian centres
2010-02-26
Lack of inventory will be the greatest challenge facing housing markets across the country this Spring, according to a report released today.
The Market Trends Report 2010, which examined real estate trends and developments in 16... » read more
Real change: Coming to a neighbourhood near you
2010-02-25
There's little doubt the real estate industry in Canada is changing. The real question is who gets to drive the change - Canada's Competition Bureau or the Canadian Real Estate Association.
The regulator has had the trade association... » read more
Household mortgage debt hits record
2010-02-24
More Canadians – especially young, first-time home buyers – are assuming mortgage debt they might not be able to afford once interest rates start to rise, an annual study cautioned Tuesday.
National house prices hit $340,000 in late... » read more
House prices to hit record: report
2010-02-23
Canadian house prices will hit a record $337,500, on average, this year and sales activity should also burst through an all-time high, a real-estate report predicted Monday.
National average home prices are expected to rise 5.4 per... » read more
Flaherty sets stricter mortgage rules
2010-02-22
Finance Minister Jim Flaherty is tightening up the country's mortgage rules in a bid to stop borrowers from taking on potentially crippling debt loads.
Mr. Flaherty will announce in Ottawa Tuesday morning that he is imposing new... » read more
Ottawa warned against altering mortgage rules
2010-02-21
The head of ING Direct Canada and several economists are warning Ottawa not to make abrupt changes to mortgage rules, lest that trigger the very thing everyone wants to avoid - a swooning housing market.
While Ottawa should increase... » read more
Housing market strong but cooling
2010-02-20
Canada's housing market may have peaked in December, the Canadian Real Estate Association said as it released January statistics that showed a slight pullback in resale activity.
Seasonally adjusted figures show a market that is... » read more
Jim Flaherty unveils new mortgage rules
2010-02-19
Finance Minister Jim Flaherty Tuesday announced tighter lending standards for mortgages, saying that while the housing market is “healthy” the moves are needed to “help prevent negative trends from developing.”
Under the new rules... » read more
Canadian property sales dipped in January, CREA says
2010-02-18
Sales of existing homes dipped 2.8% in January in a sign that Canada’s feverish property market may be beginning to cool, the Canadian Real Estate Association said.
Ontario accounted for about half of the month’s decline, though... » read more
REAL ESTATE REPORTER
2010-02-17
There's little doubt the real estate industry in Canada is changing. The real question is who gets to drive the change - Canada's Competition Bureau or the Canadian Real Estate Association.
The regulator has had the trade association... » read more
Bubble trouble? No, it's our thirst for debt
2010-02-16
People, a housing bubble's not the problem.
Do we have a real estate bubble in Canada? The answer's not certain, but by most measures, it's no. Yet the subject dominates headlines and discourse about the economy right now. » read more
Stephen Jarislowsky says Housing bubble forming in Canada
2010-02-15
Stephen Jarislowsky, chairman of Montreal-based investment adviser Jarislowsky Fraser Ltd., said he is “convinced” there’s a bubble in Canada’s housing market, fueled by government measures that encouraged consumers to take on debt.
» read more
CREA forecasts record home market this year
2010-02-14
Canadian real estate sales and prices are poised to set records this year, according to a new forecast that is bound to reignite calls in some quarters for tighter lending rules.
The Canadian Real Estate Association, which represents... » read more
Outlook 2010: Is this a real estate boom or a bubble?
2010-02-13
In mid-December, in an opulent ballroom at Toronto’s Royal York Hotel, Bank of Canada governor Mark Carney had just completed a speech on the hazards of taking on too much debt. Someone asked him whether a housing bust might ensue when interest... » read more
Housing market heats up
2010-02-12
The market for new homes is beginning to show the same bounce that led to the remarkable recovery in resales after the slump. Canada Mortgage and Housing Corp. said this morning that housing starts in January jumped 5.8 per cent to a seasonally... » read more
Big Six banks urge Ottawa to tighten mortgage rules
2010-02-08
Canada's top bankers are pushing the government to clamp down on the mortgage market to cool off the rise in home prices.
The heads of the country's six largest banks have privately told policy makers that they fear the wide-ranging... » read more
Want to sell your home?
2010-02-07
Despite what dear old Mom said, a lot of Canadians do judge a book by its cover, at least if the book is a house.
A recent study of Canadians shopping for a house found that first impressions, that is, a house's curb appeal, matter... » read more
'Nothing but trouble'
2010-02-06
Offering 40-year mortgages and no-money-down options to people who don't know how to budget 'is like taking a child into a candy store and telling them to eat anything they want,' one adviser tells Linda Mondoux.
If it were up to Gail... » read more
10 steps to profitable real estate investing
2010-02-05
So, you want to invest in real estate and get rich fast? You're living in an infomercial. Experts say the secret to successful real estate investing is research, research, research. Review your moves, get good advice and look for clues in sources... » read more
Ugly truth about home renovation
2010-02-04
The word "renovation" implies that you're replacing something old and worn out with something new and better. Yet too many so-called renovations simply involve replacing things that are old and substantial with ones that are cheap and flimsy but... » read more
Deciding on a mortgage
2010-02-03
This is the sixth in a series of 10 excerpts from Investing for Canadians for Dummies.
Whether to go for a short- or long-term mortgage is an important decision in the real estate buying process. You need to weigh the pros and cons... » read more
10 steps to the business sale
2010-02-01
Have a valid reason to sell. It's probably the first question a potential buyer will ask you. The more valid your reason is, the more serious the buyer will be. However, avoid to disclose personal information: it would give the buyer leverage on you... » read more
Uncluttering the House
2010-01-31
Getting the House Ready to Sell
This is the hardest thing for most people to do because they are emotionally attached to everything in the house. After years of living in the same home, clutter collects in such a way that may not be... » read more
Spiffing up the Home's Exterior
2010-01-30
Getting the House Ready to Sell
The Exterior of the House
Most real estate advice tells you to work on the outside of the house first, but unless there is a major project involved, it is probably best to save it for last. There... » read more
Get an extra edge
2010-01-28
Home stagers help sellers put best foot forward
Are you selling your home and looking for an extra edge?
One option to consider is "home staging" -- merchandising a home for sale -- which can boost its appeal and... » read more
Why real estate is opening most employment doors across Canada
2010-01-27
It's been a busy year for veteran Ottawa real estate agent Carol Charbonneau. And she hasn't been the only one to benefit as widespread fear at the onset of the "Great Recession" of a collapse of the Canadian housing market ebbed away.
» read more
Homeowners aim to pay off mortgages fast
2010-01-26
Canadians who have recently purchased, renewed or refinanced a mortgage want to quickly pay off their debt, a survey by the Canadian Mortgage and Housing Corporation indicated Wednesday.
Aylmer Hull Gatineau | Quebec |... » read more
Home staging mistakes
2010-01-22
Clean, clear pets and clutter to sell house, expert says
Here, from interior decorator and home staging expert Gabriele Campbell, are 10 common mistakes sellers make when preparing their house for sale. Her... » read more
How interest rates affect your investments
2010-01-21
To understand why investors should care about how Canada’s money is managed, there are a number of key things to note.
One, if there are signs of inflation growing in our economy, then investors should be aware that is it likely that... » read more
WHERE DO YOU START?
2010-01-20
You are all settled in your home. Everything is arranged just the way you like it and you're very comfortable. Then - wham! Life happens and you have to move. It could be a change in jobs, family needs or financial situations. Whatever it is, it can... » read more
Windows, Doors, and...a Sensitive Topic
2010-01-19
Getting the House Ready to Sell
Windows and Doors
Check all of your windows to make sure they open and close easily. If not, a spray of WD40 often helps. Make sure there are no cracked or broken windowpanes. If there are... » read more
December home sales leap 72% to record high
2010-01-17
Sales of existing homes reached a record high for the month of December, according the Canadian Real Estate Association, with annual sales coming in above 2008 levels.
“Sales activity in 2009 came in like a lamb and went out like a... » read more
Marketing Sessions and Office Flyers
2010-01-16
The Listing Agent - Marketing Your Home to Other Agents
Office Flyers
Your agent will undoubtedly prepare flyers about your property so that prospective homebuyers can be informed about the attractive features of your house... » read more
Agent Marketing - Broker Preview
2010-01-15
The Listing Agent - Marketing Your Home to Other Agents
Broker Preview
Broker preview is very similar to an office preview, except it is open to all the members of the local multiple listing service. It usually occurs within... » read more
To Paint or not to Paint - and Flooring
2010-01-14
Getting the House Ready to Sell
Ceilings, Walls, and Painting
Check all the ceilings for water stains, whether the leak is caused by plumbing or a faulty roof. Find the leak and repair it and make sure a proper job is... » read more
Goodbye, home
2010-01-13
When a relationship fails, the law clearly differentiates between married and common law partners when it comes to divvying up assets . Basically, there can be no matrimonial home without matrimony
Aylmer Hull Gatineau | Quebec... » read more
Make your move easier
2010-01-12
Moving a household can be stressful.
For those considering a move, J. D. Power and Associates has a few suggestions:
- Don't contract with a moving company until you've done your homework.
There are a... » read more
Agent Marketing - the Office Preview
2010-01-10
The Listing Agent - Marketing Your Home to Other Agents
Office Preview
If your listing agent belongs to a fairly sizable office, an "office preview" will introduce your house to other... » read more
Marketing Your House to Other Agents
2010-01-09
The Listing Agent - Marketing Your Home to Other Agents
The Multiple Listing Service
Even before the sign is up and the brochures are ready, your agent should list your property with the local MLS (Multiple Listing Service)... » read more
How & When Commissions are Earned
2010-01-08
Listing Commissions and Related Issues
How and When Listing Commissions are Earned
Your listing contract specifies a listing price. Your agent’s job is to bring a "ready, willing and able" buyer to present an offer. If you... » read more
The perils of writing off the mortgage
2010-01-07
It has been nearly six months since the Lipson decision, in which the Supreme Court of Canada effectively blessed the debt-swap strategy known as the "Singleton shuffle." But a new court decision reminds us how critical it is when rearranging your... » read more
10 tips for new home buyers
2010-01-06
While Ontario's new home market continues to ring up healthy sales, as a new home buyer you want to make sure you've made the right decision. Buying a home is the single biggest purchase most of us will ever make and, as with most important... » read more
Sales primer
2010-01-05
Spring and early summer is the prime time for flowers, patios and moving.
"The first flower of spring is a 'For Sale' sign," says top Ottawa real estate broker Bill Renaud of Remax.
One reason is cabin fever that... » read more
Canadian lenders going green with mortgages
2010-01-04
Kosta Hatzidimitriou was surprised, then pleased when he stumbled upon a green mortgage for his recent purchase of a three-bedroom single-family home.
"The wife and I are trying to get more environmentally conscious and energy... » read more
Five tips to know before buying
2010-01-03
Every year thousands of condo buyers call our advisors looking for help out of a sticky situation resulting from a uninformed condo purchase. As the buying season fires up, buyers need to take a few simple steps to avoid disappointment and... » read more
The real cost of relocating
2010-01-02
Lifting roots can be a great way to get ahead in your career, but it can also be hazardous to your personal finances. Just ask Greg and Laurie Allan.
Greg Allan, 38, an officer in the Marines, and his wife Laurie, 39, a marketing... » read more
7 landscaping tips
2010-01-01
These ideas offer some of the best returns for your renovation dollar. Plus, the payoff increases over time.
If prospective buyers looked at your house today, what would they see outside? A giant evergreen that looks as if it might... » read more
Listing Commission & Related Issues
2009-12-31
Listing Commissions and Related Issues
About Commissions
In most areas there is a customary percentage that real estate agents expect to earn as a commission. When completing the listing agreement, you and your agent will... » read more
Marketing Your House to Homebuyers
2009-12-30
Advertising in General
Every home seller likes to be assured that their listing agent or the real estate company will run ads featuring their home. Newspaper ads could be large display ads with lots... » read more
Real Estate Office Advertising
2009-12-29
Real Estate Office Advertising
As mentioned previously, advertising your home in newspapers and magazines rarely sells your home directly. More likely than not, the buyer who eventually purchases your home... » read more
The Exterior - is Painting Required?
2009-12-28
Getting the House Ready to Sell
House Exterior
The big decision is whether to paint or not to paint. When you look at your house from across the street, does it look tired and faded? If so, a paint job may be in order... » read more
The Listing Agent & Marketing Your Home
2009-12-27
Preliminary Marketing of Your Home
The "Real" Role of a Listing Agent
When you bought your home, you probably used the services of a real estate agent. You found that agent through a... » read more
Step aside Toronto, the next housing boom is in Montreal
2009-12-26
When Montreal architect Henri Cleinge purchased an old wine depot in Montreal's Little Italy district in 2002, he transformed it into a contemporary three-unit condo with polished wood and concrete floors, iron staircases and stainless steel... » read more
The Lockbox
2009-12-25
Details of a Listing Contract
Lockbox
A lockbox is a basically a padlock with a cavity inside where a key to your home can be placed. Only someone with a key (electronic or mechanical) or the combination can get into the... » read more
Agency Duties of a Listing Agent
2009-12-24
Details of a Listing Contract
Agency Duties of a Listing Agent
Many people think of the real estate agent as a salesperson. Many agents (perhaps most agents) would jump at the chance to be "just" a salesperson. But they... » read more
The Multiple Listing Service - a Huge Network
2009-12-23
Details of a Listing Contract
Multiple Listing Service
Your listing contract should specify whether or not the house will be listed with the local MLS (multiple listing service). It is definitely in your interest to have the... » read more
Real Estate Commission
2009-12-22
Details of a Listing Contract
Real Estate Commission
In most areas there is a "customary" percentage that real estate agents and companies expect to earn as a commission. The percentage varies from region to region, and... » read more
Details of a Listing Contract
2009-12-21
Details of a Listing Contract
Obviously the name of the seller and the property address will be included in the listing contract. There are many other things that are included, too, and you should be aware of them.
Aylmer... » read more
Exclusive Right to Sell
2009-12-20
Types of Listings
Exclusive Right to Sell
Giving a real estate agent the "exclusive right to sell" your property does not mean that there will not be other agents involved. Your agent is the listing agent and the most important... » read more
Exclusive Right to Sell
2009-12-19
Types of Listings
Exclusive Agency Listing
An "exclusive agency" listing allows an agent to list and market your home, guaranteeing them a commission if the house sells through any real estate agent or company. It also allows sellers... » read more
Exclusive Agency Listing
2009-12-18
Types of Listings
Exclusive Agency Listing
An "exclusive agency" listing allows an agent to list and market your home, guaranteeing them a commission if the house sells through any real estate agent or company. It also allows sellers... » read more
Types of Listing Contracts
2009-12-17
Types of Listings
There are several different types of listing contracts, but very few of them are used. The "Exclusive Right to Sell" is the most common, but there is the "open listing," the "exclusive agency listing," and the "one-time... » read more
Realtors
2009-12-16
When Your Selling Price is too High, Beware!
Realtors Talk to Each Other
If you start out with a sales price that is too high, there is a high likelihood you interviewed other agents. They didn't get the listing, of course. They got... » read more
City of Ottawa's population hits 900,000
2009-12-15
The City of Ottawa marked a population milestone Monday as it announced 900,000 residents live in this community.
All boundary signs have been updated to reflect the new total and a new sign will be placed on Booth Street between... » read more
Uncluttering the House
2009-12-14
Getting the House Ready to Sell
Uncluttering the House
Closet Clutter
Closets are great for accumulating clutter, though you may not think of it as clutter. We are talking about extra clothes and shoes –... » read more
The first-time buyer often out of touch with prices
2009-12-13
With cameras trained on his face, Tim Lan looks up at the townhouse that appears to be everything he says he wants in his first home.
Stained-glass panels set in large front windows and carved wooden columns on the porch hint at... » read more
The growing mortgage options
2009-12-12
Choosing a mortgage isn't like buying a commemorative plate by dialing an 800 number from a late-night infomercial. For one thing, it's a much bigger investment. And what you don't want to find out once you've agreed to it is that there are... » read more
Tax-free way to save for a house
2009-12-11
A tax-free savings account sounds like the perfect place to stash some cash, but where does it line up in importance among the acronym-heavy programs designed to persuade you to save?
Aylmer Hull Gatineau | Quebec | Gatineau... » read more
Meet the new landlord: You
2009-12-10
When Karen Davis was facing life as a single parent in 1993, she wanted to have a home and an entry into the real estate market.
By purchasing a duplex on Castlefield Avenue near Yonge Street and Eglinton Avenue in Toronto, Ms. Davis... » read more
Individual Agent Advertising
2009-12-09
Individual Agent Advertising to Homebuyers
Individual agents may advertise your home for the same reasons as companies do. They usually advertise in classified ads or in specialty magazines featuring houses... » read more
Another acronym for your cash
2009-12-08
A tax-free savings account sounds like the perfect place to stash some cash but where does it line up in importance among the acronym-heavy programs designed to convince you to save?
Aylmer Hull Gatineau | Quebec | Gatineau... » read more
The Listing Agent
2009-12-07
Preliminary Marketing of Your Home
The "For Sale" Sign
It seems fairly obvious that when you put your house up for sale that your agent will put a "for sale" sign in the front yard. The... » read more
Open Houses and Selling Your Home
2009-12-06
An open house when your property is first placed on the market can be very important, but not for the reasons most homeowners think. Just like with advertising, most visitors to open houses rarely buy the house... » read more
Another group of esoteric acronyms menaces the financial world
2009-12-05
It may be too early to press the panic button on the danger hanging over credit default swaps and the "monoline" insurers that back those esoteric instruments traded in the bond market, but both need to be watched because they are a ticking time... » read more
Resolving Disputes with Your Agent
2009-12-04
Details of a Listing Contract
Resolution of Disputes
There are times when you and your agent have a disagreement that you cannot resolve by yourselves. Maybe the agent did a poor job or misrepresented something. Maybe your... » read more
Kitchen Clutter
2009-12-03
The kitchen is a good place to start removing clutter, because it is an easy place to start.
First, get everything off the counters. Everything. Even the toaster. Put the toaster in a cabinet and take it out when you use it. Find a... » read more
Beware of Setting Your Price Too High
2009-12-02
When Your Selling Price is too High, Beware!
Meeting With Realtors
So you’ve decided to sell your home and have a fairly good idea of what you think it is worth. Being a sensible home seller, you schedule appointments with... » read more
Buy now, save later
2009-12-01
When Shawna Caines and her husband, Michael, decided it was time to leave their one-bedroom rental apartment in the Hog's Back area and step onto the property ladder, they knew exactly what they wanted: a three-bedroom rural single-family home... » read more
What Happens Behind the Scenes
2009-11-30
When Your Selling Price is too High, Beware!
What Happens Behind the Scenes
If you start out with too high a price on your home, you may have just added to your stress level -- and selling a home is stressful enough. There will... » read more
Dropping Your Price -- Too Late
2009-11-29
When Your Selling Price is too High, Beware!
Dropping Your Price...Too Late
If you start out with a high sales price, then drop it later -- your house is "old news." You will never be able to recapture that flurry of initial activity... » read more
The Front Entryway and the Back Yard
2009-11-28
Getting the House Ready to Sell
The Back Yard
The back yard should be tidy. If you have a pool or spa, keep it freshly maintained and constantly cleaned. For those that have dogs, be sure to constantly keep the area... » read more
Canadian real estate prices are up an average of 86 per cent in the past decade
2009-11-27
Canadian real estate prices are inflated, but they're unlikely to correct themselves in the short term, a Bank of Nova Scotia report suggests.
"Canadian house prices are rich no matter how one looks at it," Scotia economists Derek... » read more
Home ownership costs on the rise
2009-11-26
Owning a home in Canada is starting to get more expensive as mortgage rates edge higher and house prices rebound, according to a report by RBC Economics Research.
The proportion of pre-tax household income needed to maintain a home... » read more
Getting the House Ready to Sell
2009-11-25
Costs of Repairs
Do not do anything expensive, such as remodeling. If possible, use savings to pay for any repairs and improvements – do not go charging up credit cards or obtaining new loans. Remember that part of selling a house is also... » read more
Emerging Trends in Real Estate 2010® : Canadian Summary
2009-11-24
Canadian respondents to the Emerging Trends in Real Estate 2010® survey exhibited little smugness despite a relative lack of distress in Canada’s real estate regions from US overleveraging. While Canada’s conservative approach to the markets may... » read more
Make Your Home
2009-11-23
Getting the House Ready to Sell
If there is a new home sales tract near your home, go visit. It doesn't matter what size the homes are. What you will find are some wonderfully (but sparsely) furnished homes that anyone could live in... » read more
Getting the House Ready to Sell
2009-11-22
When conversing with real estate agents, you will often find that when they talk to you about buying real estate, they will refer to your purchase as a "home." Yet if you are selling property, they will often refer to it as a "house." There is a... » read more
Finding the Cracks in Your Financial Foundation
2009-11-21
To help homeowners free up the money to complete their renovations, House Poor host and Certified Financial Planner Suzanne Schultz starts by find the cracks in their financial foundation – the areas where their spending is causing a problem. These... » read more
10 Tips for Turning a First Home Into an Income Property
2009-11-20
For the past ten years, Scott McGillivray, a 30-year-old real estate entrepreneur, has made a living by transforming houses into income properties. The 30-year-old currently manages 18 properties with over 100 tenants, and now he's coming to HGTV to... » read more
Luxury resales up 20% in October
2009-11-19
According to figures released by the Toronto Real Estate Board (TREB) last week, the housing market started off the fourth quarter with strong results. October transactions through the Multiple Listing Service, at 8,476, were up 64% compared with... » read more
Housing activity seen reviving
2009-11-18
Housing activity and prices will pick up next year as demand grows, a national report predicted Monday.
Housing starts will likely fall 32.8 per cent this year to 141,900 from last year's levels, Canada Mortgage and Housing Corp... » read more
Is there a real estate bubble?
2009-11-17
The Canadian Real Estate Association boosted its home sales forecast for the year by 6.6 per cent, and projected average prices will climb 4.2 per cent to a record $317,900. The group, which tracks sales via its MLS, expects 460,200 units will sell... » read more
Recovery to strengthen house sales
2009-11-16
A strengthening economy means more houses will sell in Canada this year than expected, the Canadian Real Estate Association said Monday as it boosted its sales forecast for the year by 6.6 per cent.
Average prices, meanwhile, are now... » read more
Why refinance: how to know when
2009-11-15
Refinancing is most often motivated by lower interest rates, which can bring the dual benefit of lower mortgage payments and lower interest costs over time. But there are many other legitimate motivations. Some are a product of "creative" financing... » read more
A recession-era sellers' market
2009-11-15
Home buyers in Toronto do not appear to be taking the country's economic woes to heart. In 2009, more homes were sold and, on average, more dollars paid for each purchase than last year.
CMHC forecasts a return of a balanced market for the... » read more
10 tips to find the perfect home
2009-11-14
Now that you're ready to purchase a place, you want to make sure it's the right one for you. Follow these tips to find a home that's a perfect fit for you:
Go for the long haul
When looking for a home, search for one that you... » read more
Top 10 tips to sell your home for top dollar
2009-11-13
Isn't this the worst real estate downturn since the Great Depression? If that's true how are some sellers still able to successfully beat the odds and sell for top dollar despite the market conditions? The answer is that they employ time tested and... » read more
11 Things You Must Know When Finding a Home
2009-11-12
Once you've decided to buy a home, there's a number of issues that need to be considered. Because buying a home will be one of the biggest purchases you make in your life, learning the "11 Things You Must Know When Finding a Home" can make the... » read more
Top 12 Do It Yourself Low Cost Home Improvements: Home Gain Survey
2009-11-11
Due to popular demand from the real estate community, HomeGain.com regularly conducts its nationwide home improvement and home staging Home Sale Maximizer™ survey. Past findings from the survey have been a guide for thousands of home sellers in... » read more
Investing In Your Real Estate Know-How Online
2009-11-10
There are things you must leave to experience to learn, but there are a lot you must study yourself. When it comes to real estate investing, you'll be better in time. But before you get better, you need to be good. To be good, you must learn the... » read more
How To Become A Real Estate Agent In Canada
2009-11-09
A real estate agent is a fun and lucrative job with many opportunities to advance one's career. To become a real estate agent, one must be at least eighteen years of age and have a Canadian High School Diploma or equivalent, and speak English. Each... » read more
How to get ready for the Home Reno Tax Credit
2009-11-08
Canadians' love affair with the "proposed" Home Renovation Tax Credit (HRTC) continues unabated, despite the fact that legislation to make the HRTC law has not yet been drafted.
The legislation officially enacting the popular credit... » read more
Home renovation tax credits and condo owners
2009-11-07
With just under three months left for the Home Renovation Tax Credit, the Canada Revenue Agency has released specific details on how condo dwellers may take advantage of the credit.
The credit was, without a doubt, the most popular... » read more
Home Capital surprises with almost 37% profit leap
2009-11-06
Gerry Soloway is the first to acknowledge that with unemployment on the rise and the economy sputtering, these are troubled times.
Yet the chief executive of Home Capital Group, a leading mortgage lender, was on a roll as he listed... » read more
Real estate agents keep lock on MLS
2009-11-05
Real estate agents won't lose their grip on the listings process as part of the Canadian Real Estate Association's settlement with the Competition Bureau of Canada.
The association (CREA) had signalled this week that its Multiple... » read more
Toronto helps lead surge in existing home sales
2009-10-28
Existing home sales across Canada climbed to the highest level of any third quarter on record, according to figures released today by the Canadian Real Estate Association.
Year over year increases in Toronto at 28 per cent and... » read more
Canada vs. U.S. -- The New Realty
2009-10-27
Yasmin Denner remembers the tough questions when she bought her first house in Toronto in the 1990s.
"I had 15% down but that wasn't enough. They wanted to know where I'd gotten the money from," said the self-employed IT specialist... » read more
Bank of Canada monitors real estate surge
2009-10-26
Bank of Canada Governor Mark Carney says he has “some concern” that the surge in the housing market is unsustainable, although for now the boom in home buying remains a significant factor in Canada's economic rebound.
“We do have some... » read more
Immobilier commercial : le taux d'inoccupation bondit
2009-10-22
Les taux d’inoccupation ont continué d’augmenter dans les immeubles à bureaux du centre-ville de Montréal pour la première moitié de 2009.
Pour les immeubles de catégorie A et B du centre-ville, le taux d’inoccupation a grimpé de... » read more
Building pace nearly doubles
2009-10-18
Ross Cammalleri is trying to make up for lost time.
The builder has three homes under construction but a Toronto municipal strike over the summer means he is struggling to catch up.
"We probably lost a good two months... » read more
How to negotiate your first mortgage
2009-10-17
Other than getting the best rate possible, what do you need to know about negotiating a mortgage? Are you aware of break fees? Pre-payment priviledges? Do you know what penalties, if any, the bank will charge you? Have you come up with a budget... » read more
Ottawa realtors post record September sales
2009-10-16
The local resale housing market saw its strongest September sales numbers on record – even despite a slight dip in the residential class – amid continued low inventory levels, according to new data from the Ottawa Real Estate Board.
» read more
‘DELAYED START’ IN CANADIAN REAL ESTATE MARKET AND UNDERSUPPLY LEAD TO PERCEIVED HOUSING BOOM
2009-10-16
Canada’s housing market is on the road to recovery but is experiencing a pronounced undersupply of homes for sale in southern Ontario and other regions of the country, according to the Royal LePage House Price Survey. With the recession retreating... » read more
Stabilizing global housing market signals economic recovery.
2009-10-15
The housing market was the leading edge of the economic meltdown, and now signs that the global market is stabilizing could signal a broader economic recovery, according to a report released Thursday by Scotia Economics.
There are... » read more
Real estate recession over in Canada as prices recover, report says
2009-10-14
House hunters still waiting for prices to drop further before buying may have sat on the sidelines too long, according to a new report.
A Re/Max study released Thursday shows home values in some major markets across Canada have... » read more
Montreal Real Estate Market: Best September on Record
2009-10-13
Sales in the Montreal Metropolitan Area increased by 5 per cent in September 2009 compared to September 2008, according to the Greater Montreal Real Estate Board's MLS(R) statistics. Property prices also continued to climb, with a 7 per cent... » read more
Real estate markets on the mend
2009-10-12
Real estate markets around the world are showing tentative signs of stability and this, in turn, will boost broader economic activity, Bank of Nova Scotia said Thursday.
“Home ownership is a crucial sector of national economies and an... » read more
Hot housing market may spur rate hike: TD Bank
2009-10-11
The possibility exists that the Bank of Canada might raise its key interest rate before inflation hits its preferred target should the housing market continue its red-hot performance, economists at Toronto-Dominion Bank said Tuesday.
» read more
Hot housing market could trigger rate hikes: TD
2009-10-10
The possibility exists that the Bank of Canada may have to break its conditional pledge on interest rates should the housing market continue its red-hot performance, economists at Toronto-Dominion Bank said Tuesday.
"The Bank of... » read more
Home construction slips in September
2009-10-09
Canadian housing starts declined in September, but not as much as expected, even as the market continued to show signs of recovery.
The seasonally adjusted annual rate of housing starts totalled 150,100 units in September, down from... » read more
AIA Home Design Trends Survey Reflects Current Consumer Preferences
2009-10-08
In light of the downturn in the housing market and overall economy, homeowners are still adding energy-efficient options and low maintenance products, while showing a lessened interest in special features such as home theaters, guest wings and... » read more
Home sellers have one shot at a good first impression
2009-10-08
Make sure your house is a perfect 10 before the 'For Sale' sign goes up. A little effort can help ensure the best price in the shortest amount of time.
If you're thinking about putting your home on the market, you need to do... » read more
Quebec Set to Introduce Licensing for Real Estate and Mortgage Industries
2009-10-07
The Canadian Association of Accredited Mortgage Professionals (CAAMP) is looking forward to the adoption of licensing regulations included in the new Loi sur le courtage immobilier adopted by the National Assembly in May 2008. These regulations are... » read more
Canadian real estate a world 'bargain': survey
2009-10-05
Real estate in Canada is a relative bargain compared to homes in many other parts of the world, according to a global price survey by Coldwell Banker.
The survey also found typical executive homes were still affordable in many... » read more
Real estate is hot again
2009-10-04
After a gloomy winter, the real estate boom is back in the Toronto area. Bidding wars have returned, with some house sellers nervous that they won’t find a new property to buy after they sell their own home. The speed of the recent rebound is... » read more
High real estate prices break with national trends
2009-10-03
Life is good in Centretown. Or at least that’s what the latest numbers on housing sales seem to suggest.
For the second year in a row, the number of homes sold in Centretown in August has fallen, but the prices homebuyers are willing... » read more
Real estate markets on the mend
2009-10-02
Real estate markets around the world are showing tentative signs of stability and this, in turn, will boost broader economic activity, Bank of Nova Scotia said Thursday.
“Home ownership is a crucial sector of national economies and an... » read more
Worst over in real estate market: Report
2009-10-01
The worst is over in the Canadian residential housing market, according to a new industry report that forecasts growth in the sector in the fourth quarter of the year.
According to the Re/Max Bricks and Mortar Report, "the bounce-back... » read more
6 homebuying mistakes and how to avoid them
2009-09-28
If you've been thinking about buying a home, especially if you're a first-time buyer, folks in the real estate industry want to send you a message: Come on in, the water's fine. This may indeed be a great time for you to buy. But learn about common... » read more
Consumer confidence helps boost increased resale home numbers
2009-09-28
Steady growth in Ottawa's resale housing market pushed the average price of a two-storey house up six per cent this summer from a year earlier, a new survey says.
The price of two-storey home increased to an average $302,917, real... » read more
Real estate: Know your neighbours
2009-09-27
Canadians love looking at homes online, even when they’re not buying. Nearly a third of all Canadian Internet users browsed real estate listings at least once in July, according to comScore Media Metrix, with the most visits going to Realtor.ca, run... » read more
Canadian housing markets buck recession and trend upwards
2009-09-26
With the worst of the recession over, residential real estate markets in major Canadian centres are poised for growth in the final quarter of 2009, according to a report released today by RE/MAX.
The RE/MAX Bricks and Mortar Report... » read more
Promoting Canada's economic and financial well-being
2009-09-25
Good morning. It's a pleasure to be here. I'd like to thank the Greater Summerside Chamber of Commerce for hosting this event.
In addition to Michael O'Brien, the Bank of Canada's Director for Prince Edward Island, I'm here with... » read more
Canadian real estate a world 'bargain': survey
2009-09-24
Real estate in Canada is a relative bargain compared to homes in many other parts of the world, according to a global price survey by Coldwell Banker.
The survey also found typical executive homes were still affordable in many... » read more
Going where the jobs are
2009-09-23
Americans have been casting a wider geographic net when looking for work in today's tough job market, and even as a recovery materializes it's possible that more of them will consider moving for a paycheck.
"Unemployment seems to be... » read more
The value of your real estate investment is at risk.
2009-09-22
As real estate values keep losing ground, many are still asking why. The answer may not be what everyone wants to hear. The questions will remain as predictions of a recovery are still not reflecting any positives for the average consumer.» read more
The Perennial Buying Option that Real Estate Investors Often Overlook
2009-09-21
You have probably heard before that the “real money” in real estate is made when the market is bad. Now, we have to say up front that we count all money as real money. We don’t care whether you are making it when times or good or when times are... » read more
MLS® home sales forecast revised
2009-09-20
MLS® home sales were much stronger than expected in the second quarter of 2009, with activity having climbed throughout the quarter and into July. The remarkable recovery of resale housing has prompted a change to the MLS® home sales forecast issued... » read more
Bank of Canada keeps interest rates on hold
2009-09-19
The Bank of Canada held its benchmark overnight lending rate steady at 0.25 per cent at its setting on September 10th, 2009. The trend-setting Bank rate, which is set 0.25 percentage points above the overnight lending rate, remains at 0.5 per... » read more
What Commercial Real-Estate Threat? The Recovery has Begun
2009-09-18
That cetainly sounds like the conclusion of the dozen or so large and midsize banks that gathered this week in New York for a Barclays investor conference.
“Following commentary from our financial services conference, we believe... » read more
City of Ottawa schedules Lansdowne Live consultations
2009-09-17
The city government has scheduled public consultations on the Lansdowne Live plan by a group of local developers to refurbish Frank Clair stadium and renovate Lansdowne Park.
The planned sessions are:
Monday, September... » read more
Is Canada's commercial real estate industry set for a comeback?
2009-09-16
After dismal reports of Canada's commercial real estate market seeing a 50 per cent decline in transactions in the first half of 2009, there are signs that it may be coming back to life.
"I've got more on the go than I've ever had in... » read more
MLS® home sales remain strong in August
2009-09-15
National resale housing market sales activity remained up from year-ago levels in August 2009 for the third consecutive month, posting the largest year-over-year gain in more than two years.
According to statistics released by The... » read more
Great deal relies on price, sale time
2009-09-02
Anyone who has ever sold a home knows two things dominate: Getting the best price and a getting a speedy sale.
Setting that price can be a combination of art and science. It means a deep understanding of the market as it stands today... » read more
What's causing the slow motion commercial real estate crash?
2009-09-01
As the economy tries to rebound from its horrific slump, commercial real estate has remained a potential source of trouble. Both Federal Reserve Chairman Ben Bernanke and Treasury Secretary Tim Geithner have highlighted the uncertainty that exists... » read more
Lender seizes Bank Street condos; buyers lose purchase agreements
2009-08-30
After waiting through months of delays to move into a specialty "green" dream building on Bank Street, condo buyers have had their agreements cancelled altogether.
In what may be a sign of trouble for smaller, boutique condominium... » read more
The Meaning of REALTOR® (and MLS®)
2009-08-29
You’ll see the terms REALTOR® and MLS® system used frequently in this column, as well as out in the world of real estate advertising. The terms are now ubiquitous enough that most people have at least a basic idea of what they think those terms... » read more
Best July on record for MLS® home sales
2009-08-28
National resale housing market activity continued climbing in July 2009, with sales posting the largest year-over-year gain in two years. It was also the first time on record that sales activity topped 50,000 units for the month of July in any year... » read more
MLS® home sales forecast revised
2009-08-27
MLS® home sales were much stronger than expected in the second quarter of 2009, with activity having climbed throughout the quarter and into July. The remarkable recovery of resale housing has prompted a change to the MLS® home sales forecast issued... » read more
Bank of Canada holds interest rates steady
2009-08-26
The Bank of Canada held its benchmark overnight lending rate steady at 0.25 per cent at its setting on July 21st, 2009. The trend-setting Bank rate, which is set 0.25 percentage points above the overnight lending rate, remains at 0.5 per cent.» read more
Commercial real estate takes hit
2009-08-24
Canada's commercial real estate sector will avoid the devastating collapse it faced in the recession of the early 1990s, thanks to conservative development and financing practices adopted after its last major slump.
Although new data... » read more
The future of buying a home: Energy savings
2009-08-23
A new trend is emerging among those Canadians thinking of buying or building a new home.
According to a survey by EnerQuality Corporation, a home energy training and consulting firm licensed to deliver Natural Resources Canada’s... » read more
What Real Estate Agents Are Saying About The Housing Market
2009-08-22
Inside Mortgage Finance sponsored a nationwide survey of 1,556 real-estate agents in mid-June. The responses are largely anecdotal, but they're still interesting. They also support several key themes in the housing market:
The low... » read more
A sizzling summer
2009-08-21
This summer may not be breaking records for hours of sunshine but home buyers in Toronto have not been put off by the wet weather.
This week the Toronto Real Estate Board said Greater Toronto realtors reported a record 9,967 sales in... » read more
Canadian home sales up in 2nd quarter
2009-08-20
Canada's resale housing market "bounced back strongly" in the second quarter of 2009, above levels reported for the same period last year, says the Canadian Real Estate Association.
According to figures released Tuesday, demand is up... » read more
Canadian homebuyers set July sales record
2009-08-19
July housing sales across the country were the best on record for the month and the largest year-over year increase in two years, the Canadian Real Estate Association said Friday.
The Ottawa-based group, which represents about 100... » read more
Canadian Housing Market Rebounds
2009-08-18
According to the Canadian Real Estate Association report released Friday, the housing resale market for July posted its largest year-over-year gain in two years.
Record sales of existing homes in July hit 50,000 units. A total of 50... » read more
Canada Home Resales Rise a Sixth Month, Realtors Say
2009-08-17
Canadian existing home sales rose for the sixth straight month in July as consumers took advantage of low mortgage rates, a realtor group said.
Sales rose 2.5 percent to 42,539 homes on a seasonally adjusted basis, the Canadian Real... » read more
Toronto Real Estate Board: Sound future for residential real estate in GTA
2009-08-16
Ownership has become a passion for the people of our city.
In fact, annual records for the highest number of resale housing transactions in our city have been set in three of the past five years. In 2004 there were 83,501 sales; in... » read more
Deciding to flip?
2009-08-15
It’s the four letter F-word all over again. Flip. Not flip as in flipping the bird, but flip as in quick and easy bucks in real estate.
After more than a year of doom and gloom on the property pages, repressed editors are now... » read more
Home sales rocket to record levels
2009-08-14
Toronto's housing market has followed a record-breaking June with its best July ever and real estate experts say sellers will have the advantage with the current limited inventory and prices edging higher.
According to the Toronto... » read more
Real estate growth continues with hike in housing sales
2009-08-13
The Toronto real estate market is rising from the ashes of a global recession, according to recent sales data released by the Toronto Real Estate Board and market analysts.
Sales were up 28 per cent in the GTA in July compared with... » read more
Montreal real estate sales up, housing starts down
2009-08-12
Montrealers may be hearing the banging sounds of construction from fewer new homes in the area this summer, but experts say more hammering is on the way.
In July, 1,424 housing units began construction in the Montreal area, according... » read more
Canada June Home Sales Rise 8.7%, Realtor Group Says
2009-08-03
Canadian sales of existing homes rose for a fifth month in June, adding to evidence that record low borrowing costs are fueling housing demand.
Sales rose 8.7 percent to 41,304 homes from the previous month on a seasonally adjusted... » read more
Scotiabank says recent immigrants now driving force in real estate market
2009-08-02
At least two of Canada's big banks have found encouraging signs in the country's housing market, one financial and the other social.
A commentary from TD Economics on Thursday said there are encouraging signs that a bottom may be... » read more
Canadian housing sales surge in June
2009-08-01
Canadian housing sales have surged in the early summer, suggesting that the national real estate market may be on the mend, says a new report from RE/MAX.
As a result of a sizzling month of sales in June, Canada's two largest real... » read more
Local realtors record biggest home sales growth since 2007
2009-07-31
For the first time in more than two years, the Ottawa resale housing market posted double-digit sales growth in June as both segments registered energetic rebounds, according to new data from the Ottawa Real Estate Board.
Overall sales... » read more
Ottawa housing sales buck national trend, jump 12.5%
2009-07-30
Ottawa housing sales jumped 12.5 per cent in June as shoppers put aside worries about the economy and chased low mortgage rates.
The Ottawa Real Estate Board said that 1,895 resale units were sold, a new record for the month. » read more
Housing market jump-up
2009-07-29
The housing market is digging its way out of the recession funk.
Although a comparison of house prices from the first six months of this year and the first half of 2008 shows prices fell in most of the GTA -- an average of 6% -- they... » read more
The importance of the housing market
2009-07-22
The turnaround in the Canadian housing market is gratifying, but isn't it generally conceded that the recession won't be over until the U.S. housing market improves?
Canadian house sale numbers have certainly prompted some optimism in... » read more
How Much Real Estate Should You Own?
2009-07-21
The reputation of virtually every type of investment has been sullied over the past year, but no other asset class has come off looking quite as rotten as real estate.
The housing bubble was just the start. Shares of companies that... » read more
New home prices fall 0.1 per cent
2009-07-20
New home prices in Canada fell 0.1 per cent in May, a small decline that continues to point to a firmer real estate market.
Prices for new homes fell at the fastest pace in Saskatoon, Statistics Canada said Friday, dropping 1.2 per... » read more
It will take time to get real estate market back to balance
2009-07-19
Some early signs of improvement in market psychology have started to take hold over the past three or four weeks. We have observed upbeat equity trends, improving liquidity in some important debt markets, a solid G20 meeting, retreating gold prices... » read more
Housing sales bounce back nationwide
2009-07-18
Mike Stewart has never been busier. After a brutally slow winter, the real estate agent has signed a string of deals and in May had his best-ever month, notching 10 sales in downtown Vancouver, adding another seven in June.
The... » read more
Canadian housing sales surge in June
2009-07-17
Canadian housing sales have surged in the early summer, suggesting that the national real estate market may be on the mend, says a new report from RE/MAX.
As a result of a sizzling month of sales in June, Canada's two largest real... » read more
Canada's Real Estate Market On The Road To Recovery
2009-07-16
Another positive report from the Canadian Real Estate Association for its May sales is expected by industry observers following a forecast by economist of recovery for the real estate market.
The CREA is expected to release the May data on... » read more
Is Canada's housing market tanking or taking off
2009-07-15
The Canadian housing market is beginning to look like a large jumbled puzzle. A week after a report showed the price of an average house had soared to a record high, an alternate report suggested Wednesday prices have in fact declined for five... » read more
Buying a Home? Take Charge and Be in the Pilot Seat
2009-07-14
Does the idea of buying a home seem overwhelming to you? Do you ask yourself questions like: How much can I afford? How can I find the best loan? Should I buy a new or a resale home? Should I use an agent or look at homes on my own? You probably... » read more
Pricing Your Home To Sell Fast In a Buyer's Market
2009-07-13
It's tough being the seller in a buyer's market. However, you can improve your odds with the right research. In many cases, making a smart deal and getting the best price comes down to studying your market and being an educated seller.
» read more
Home Sweat Home
2009-07-12
Home Sweet Home: trends in real-estate sectors grow as thrifty design builds, savvy management is accented and lender confidence strengthens. Vancouver, BC - PicksThatMove.com opines promising trading opportunities with likely potential for gain... » read more
Real estate recovery expected to be tepid
2009-07-11
The worst of Canada's housing market woes appear to be past but the sector's rebound will be tenuous as a rise in mortgage rates and high unemployment limit the recovery in prices and sales.
Property experts say first-time buyers and Bank of... » read more
Are housing prices up or down?
2009-07-10
The Canadian housing market is beginning to look like a large jumbled puzzle. A week after a report showed the price of an average house had soared to a record high, an alternate report suggested yesterday prices have in fact declined for five... » read more
Market conditions drive strong June housing sales
2009-07-09
The combination of low interest rates and more affordable pricing helped propel Greater Vancouver home sale numbers to the second all-time highest total for the month of June.
The Real Estate Board of Greater Vancouver (REBGV) reports that... » read more
Home Sellers Guide
2009-07-08
When getting your home ready to sell, you need to look at your house in a new way. Think of your house as a product about to go on the market where it is probably competing with brand new housing. It needs to show well – which means clutter-free and... » read more
Let’s Begin Outside
2009-07-07
Check Your House’s Curb Appeal
How does your house look from the street? That is where prospective buyers will be when they first see your home; and, that is where they will form that all-important first impression. Stand at the curb in front... » read more
Now, Let’s Go Indoors
2009-07-06
A prospective buyer will usually enter through your front door; so, that is where you should begin your interior inspection. You want your buyer to see a neat, clean, well-lit interior. Get clutter out of sight; ensure that carpets are clean and... » read more
When It’s Showtime!
2009-07-05
You have inspected your house and taken care of problems. Now you are ready for showings. You will need a plan of action that assigns duties to each family member so the place can quickly be whipped into shape.
•Open all drapes... » read more
Bank of Canada Rate Should Remain 0.25% Through 2010, OECD Says
2009-07-04
The Bank of Canada should extend its commitment to leave its main interest rate close to zero through the end of next year, six months longer than policy makers have promised, the Organization for Economic Cooperation and Development said. » read more
Canada Existing Home Sales Rose 8% in May From April
2009-07-03
Canadian sales of existing homes rose for a fourth month in May, a realtor group said, citing low interest rates and increasing consumer confidence.
Sales rose 8 percent from the previous month on a seasonally adjusted basis to... » read more
Understanding Mortgage Impound Accounts
2009-06-21
Did you think that when you stopped renting and started owning, you'd finally get your deposit back for good? Think again. When you buy a house with a down payment of less than 20%, your lender may require you to make a deposit on your homeowners... » read more
Preparing For Nature's Worst
2009-06-20
Earthquakes, floods, tsunamis, hail, hurricanes, tornadoes and lightning strikes are just a few of the nasty surprises that nature can whip up. Unfortunately, bad weather can affect anyone. It is important to prepare for both large-scale and... » read more
The hidden costs of home ownership
2009-06-19
Leaky roofs, bursting pipes and infestations - all on your own dime. Though home ownership has many perks, there are some extra expenses to watch out for.
Maintaining and repairing a home can be a daunting task, especially if you're... » read more
May 2009 strongest month on record for luxury home sales
2009-06-12
Sales of luxury properties in the Greater Toronto Area posted their strongest performance on record in May 2009, according to a major real estate franchise network in Canada.
Two hundred and seventy-three high-end homes changed hands... » read more
Les avantages de faire affaire avec un agent immobilier
2009-05-03
Vendre une propriété est un processus complexe. En plus de gérer les aspects commerciaux,
financiers et légaux importants, il faut savoir négocier efficacement. Les agents immobiliers sont
des experts en la matière !
Fixer le... » read more
Canada Home Prices Fell 4.1% in February, Teranet Index Shows
2009-04-29
Canadian home prices fell in February from the year-ago month, led by declines in Calgary, Vancouver and Toronto, a Teranet-National Bank Financial index showed.
Prices fell for a third month, dropping 4.1 percent from February 2008... » read more
Canada Mortgage Rates Not Likely to Fall
2009-04-15
Mortgage rates in Canada, which have plunged by almost 50 percent in the last year, aren’t likely to fall further, said Phil Soper, chief executive officer of Brookfield Real Estate Services Fund.
“Certainly with the Bank of Canada’s... » read more
First-time home buyers could find a welcoming market
2009-04-14
Real-estate experts say low mortgage rates and more affordable homes in many markets are drawing out first-time home buyers in droves, but one independent analyst says the correction in Canadian home prices hasn't been nearly as dramatic as some... » read more
Housing hidden troubles
2009-03-21
Buying a new house is probably the biggest purchase you will ever make. It’s supposed to come with peace of mind, both financially and structurally. But some Canadians who bought new homes during the housing boom are just now finding out that new... » read more
Staging the perfect home sale
2009-03-21
It is time to kick off the new year with a fresh batch of homes for sale. Even though the market is in a slump, we are starting to see a shift with more interest in the market from buyers. Open houses are one of the best ways to get those buyers to... » read more
Five reasons to buy a home this year
2009-03-20
People are afraid to buy a home in times like these, with the economy tanking and home prices continuing to fall. But if you're brave enough to stray from the herd, you might be in for the home-buying opportunity of a lifetime.
Ask... » read more
Protecting Your Home from Fire and Carbon Monoxide
2009-03-19
Safety & You
Everyone wants to live in a safe and worry free environment with their families, spouse, and children. However, most people are closer to a disaster waiting to happen than they think. Safety may not be an issue that comes to mind... » read more
Why It Is So Important That Your Home Is Correctly Priced and Marketed Properly
2009-03-18
While many agents may promise to sell your home for the money you want, the reality of the real estate market today is that this simply doesn't always happen. The fact of the matter is, the majority of homes sell for a price which falls short of... » read more
Financials key to impending market rebound
2009-03-17
Economists may be very worried about the near-term outlook but strategists see the recent pullback in equity markets as a unique opportunity to build diversified portfolios focused on value. That’s because once investors start to anticipate an end... » read more
It’s a buyer’s market, even for sellers
2009-03-16
While 2009 is still in its infancy there is one trend that seems to be making itself prevalent.
The most common occurrence to sweep the very early stages of this new year has involved moving from downtown to one of the GTA’s suburbs... » read more
Disintermediation is dead
2009-03-15
A few years ago, Web marketers proclaimed that the Web would eliminate the need for real estate agents (disintermediation). The exact opposite has occurred. In 2001, 69 percent of all buyers purchased their home through a real estate agent or... » read more
Home starts down 33%, but local market believed more stable than most
2009-03-14
Ottawans are taking their time in buying new houses, which has led to a slowdown in home starts in the National Capital Region.
Home starts are down 33 per cent from this time last year, Canadian Mortgage and Housing Corporation... » read more
CREA forecasts home sales to drop to 360,900
2009-03-13
It is a sign of the times, but the few people interested in buying a home these days are refusing to do so unless they get some type of ironclad agreement that they can sell their existing home.
The number one condition buyers are... » read more
CMHC sees nine-year low in new homes
2009-03-12
Canada Mortgage and HousingCorp. says the down-turn in the economy will drive new-home construction to a nine-year low in 2009, a forecast that differs significantly from what the Crown corporation was saying in November.
But Bill... » read more
Commercial market better than in '90s
2009-03-11
The commercial real-estate market is in rougher shape than it was a year ago but this is nothing compared to the early 1990s, according to CB Richard Ellis Ltd.
The real-estate firm's annual market outlook was heavy on comparisons to... » read more
Canada Feb. Housing Starts Fall 12% to 134,600 Units
2009-03-10
Canadian housing starts fell 12 percent in February to the lowest level in more than eight years, because of fewer starts on multiple-family dwellings.
Ottawa real estate homes for sale homes search listing condo loft Gatineau MLS» read more
Have a noisy neighbour?
2009-03-09
Q. I live in a large condominium building and enjoy my closeness to the subway and amenities but I find that the close proximity of my neighbours is posing a bit of a problem with the enjoyment of my living space. In particular, my upstairs... » read more
Canadian property markets cushioned for 2009
2009-03-08
CIBC real estate analyst Rossa O’Reilly says the latest statistics on commercial real estate prices bode well for Canada. The Canadian Property Investment Index, which tracks a diversified investment portfolio of 2,569 properties in 34 property... » read more
MLS® home sales to decline further in 2009, rebound in 2010
2009-03-07
National MLS® home sales activity is expected to decline in 2009 before rebounding in 2010, according to a new residential housing forecast prepared by The Canadian Real Estate Association.
National MLS® home sales activity declined... » read more
Household credit growth slowing fast: report
2009-03-06
Canadians have become more cautious about their personal finances as economic conditions deteriorate and consumer bankruptcies rise, with the pace of household credit growth almost halving in the past six months, a CIBC World Markets report showed... » read more
Bank of Canada cuts interest rates again in March
2009-03-05
The Bank of Canada lowered its benchmark overnight lending rate by half of a percentage point to 0.5 per cent at its setting on March 3rd, 2009. The trend-setting Bank rate, which is set 0.25 percentage points above the overnight lending rate... » read more
Plan your heart out, then get a realtor
2009-03-04
With the lowest interest rates in decades now being offered by banks and credit unions, people are once again venturing out to score that great deal. But as much as you may want to rely solely on your realtor to find you that perfect home, there is... » read more
Buyers are thinking like sellers
2009-03-03
I think the recent turn in the market has caught the attention of just about everyone and it’s created a brand new concern in the minds of buyers, if not significantly strengthened an old one. Over the past few weeks while showing I’ve been asked... » read more
Late payment of common expenses can end up costly
2009-03-02
Q. I recently sold a condo in Toronto and inadvertently, neglected to pay the monthly common expenses for which I was credited on closing. (I think I did this because it was so close to the beginning of the month). On top of this oversight, the... » read more
Making the most out of your house
2009-03-01
Q. With the softening of the real estate market we hear there is a lot of inventory out there that no one is purchasing due to uncertainty. As a real estate lawyer do you have any tips that might make my house more marketable?
A... » read more
RRSP and the First-Time Home Buyers
2009-02-28
Q. Over the past four years, my wife and I have contributed to our RRSPs. Soon, we plan to purchase our first home. Is this a good time to buy or should we wait another year or two? Can we withdraw the maximum $20,000 under the Home Buyer’s Plan?... » read more
Losses on new home
2009-02-27
Q. Last June, my wife and I closed on a new home purchased in October 2006 for investment purposes. Although our tenant pays all utilities, we have a cash shortfall every month for which we must pay ourselves. Should this purchase transaction have... » read more
Panic is never a good reason to sell your home
2009-02-26
You’d think that there were less people looking to make any kind of a move in real estate now versus a year ago, or two years ago, and that therefore there would be significantly fewer listings on the market. Theoretically it makes sense but the... » read more
79 Mortgage Brokerages Suspended in Ontario
2009-02-25
Ever since the Real Estate Council of Ontario froze the accounts of three real estate brokerages, I've been keeping an eye on their website for any new developments. Fortunately there's nothing new to report on the real estate side of the business... » read more
No future home help from your lawyer?
2009-02-24
Q. I was at my lawyer’s office this week signing the paperwork for my new home and she explained that she was working on behalf of the bank and on my behalf and that if there were any problems in the future with the bank, I would not be able to come... » read more
Do you buy before selling?
2009-02-23
In today’s market where the majority of people who are actively pursuing real estate are involving themselves on both sides of the coin — the sale of their existing home and the purchase of their new home — the question of what to do first is an... » read more
Home-market 'correction is in full swing': construction, sales, prices down
2009-02-20
There are more signs Canada's housing market is facing a significant slowdown after a double-digit percentage drop in home construction starts last month and a forecast that sales and prices will slide this year.
As the recession digs... » read more
Automatic and Programmable Thermostats
2009-02-19
In our modern, high tech society, we don't think much about some of the electronic gadgets in our homes. Take, for example, the ever present thermostat--a staple of North American households for decades. It usually takes the shape of an unassuming... » read more
Homebuyers: How To Save Thousands of Dollars When You Buy
2009-02-18
"When you analyze those successful homebuyers who have the experience to purchase the home they want for thousands of dollars below a seller’s asking price, some common denominators emerge."
If you’re like most homebuyers, you have... » read more
Tips On Energy Efficient Windows
2009-02-17
Windows bring light, warmth, and beauty into buildings and give a feeling of openness and space to living areas. They can also be major sources of heat loss in the winter and heat gain in the summer. However, when properly selected and installed... » read more
Five reasons buying a house now is a wise move
2009-02-16
People are afraid to buy a home in times like these, with the economy tanking and home prices continuing to fall. But if you're brave enough to stray from the herd, you might be in for the home-buying opportunity of a lifetime.
See Home... » read more
It's the best time to buy a home
2009-02-15
On one hand, unemployment is rising, the economy is limping and home prices keep dropping. On the other hand, homes are more affordable than they've been in years. No wonder so many would-be home buyers are on the fence about whether to buy today... » read more
Quebec housing starts decline in January
2009-02-14
The results of the monthly starts survey
conducted by Canada Mortgage and Housing Corporation (CMHC) in centres with
10,000 or more inhabitants indicate that residential construction declined in
Quebec this past month. In all... » read more
Housing starts down for January: CMHC
2009-02-13
Canadian housing starts fell to 153,500 units in January from 172,200 in December, with the Prairies experiencing the greatest decline, the Canada Mortgage and Housing Corporation said Monday.
"To a certain extent, the decline in... » read more
Housing starts down, condo starts strong
2009-02-12
Residents of the nation's capital are passing up single-home dwellings in favour of condos and other high-density dwellings, thanks to a decline in the economy, analysts say.
"In Ottawa, there were 502 housing starts in Jan. 2008,"... » read more
CREA forecasts home sales to drop to 360,900
2009-02-11
It is a sign of the times, but the few people interested in buying a home these days are refusing to do so unless they get some type of ironclad agreement that they can sell their existing home.
The number one condition buyers are... » read more
Canadian Housing Starts Fall to the Lowest Since 2001
2009-02-09
Canadian housing starts fell to the lowest since 2001, as work on urban single-family dwellings plunged to the least since 1996.
New home starts fell 11 percent to 153,500 units on an annualized basis, the fifth straight decline... » read more
Are You Financially ready?
2009-02-02
So, you’ve decided that homeownership is right for you. Now you need to determine if you are financially ready to buy a house. In this Step, you will find a number of simple calculations that you can do to evaluate your current financial situation... » read more
is homeownership right for you ?
2009-02-01
Buying a home is one of the biggest emotional and financial decisions you’ll ever make, so prepare yourself to make a knowledgeable decision.
Although buying a home almost always seems like a great idea, it is important to understand... » read more
Overwhelmed by kitchen floor options?
2009-01-19
Resale value, cleanability among key selling points
The floor in your kitchen has to wear a lot of hats. It has to be able to withstand the rigors of lots of foot traffic. It needs to be water-resistant and be able to stand up to... » read more
13 Extra Costs to be Aware of Before Buying a Home
2009-01-18
Whether you're looking to buy your first home, or trading up to a larger one, there are many costs - on top of the purchase price - that you must figure into your calculation of affordability. These extra fees, such as taxes and other additional... » read more
Young guns driving enviro-condo push
2009-01-17
In F. Scott Fitzgerald's short story The Rich Boy, the narrator says the rich "are different from you and me." Judging by the statistics, those differences are starkly outlined when it comes to embracing environmental concerns in new luxury... » read more
Home prices fall, but by less than the statistics indicate
2009-01-16
The ease with which a Canadian could sell a home tightened up sharply last month, as the global financial crisis sapped consumer confidence and economic growth slowed. Reflecting this, Canada's costliest cities for housing have suffered significant... » read more
Homebuilding slows, but it isn't crashing
2009-01-15
It's not a U.S.-style meltdown, but homebuilders across most of Canada are starting to experience a sharp slowdown in business.
There are several reasons: the wave of pent-up demand released by the prosperity and low interest rates of... » read more
Our housing market 'totally different' than in U.S., builders say
2009-01-14
There will be some moderation. But we will avoid a meltdown, analysts say.
The Canadian housing market is cooling but is not facing a U.S. style meltdown, builders here say.
"A few commentators have drawn a parallel... » read more
Steady and dependable
2009-01-13
The coming year will be worrisome, but there won't be a drastic decline in sales and prices will climb ever so slightly.
Steady as she goes. That's the expert consensus on Ottawa's 2009 housing resale market. It means that, continuing... » read more
The market crosses a line
2009-01-12
For the first time in more than a decade, the average house price in Toronto has declined. The relentless upward trajectory in prices reversed course last month, making dwellings cheaper than they were in August, 2007.
The slip was... » read more
New home prices fall, first drop in 10 years
2009-01-11
New home prices in Canada fell by 0.4 per cent in October from September, the first monthly drop in a decade, Statistics Canada said Thursday.
This was steeper than the 0.1 per cent decline forecast by economists.
» read more
Housing more affordable: report
2009-01-10
Economic downturn lowers prices. Across the country, the standard condo remains the least-costly type of home.
Housing is starting to become more affordable across Canada, the country's largest bank said yesterday.
» read more
Housing decline not over yet
2009-01-09
One of the country’s leading real estate companies is projecting a further decline in Canada’s resale real estate market in 2009.
Royal LePage said Tuesday it expects the average price of Canadian home sales to fall three per cent to... » read more
Home sales slip in 2008, prices up 6.3%
2009-01-08
Ottawa market retains underlying confidence despite national, international concerns
Real estate sales were down sharply in Ottawa in 2008, but prices are expected to remain strong and steady throughout 2009.
The Ottawa... » read more
Why the housing market is not set to melt down
2009-01-07
While the “best days” for Canada's real estate markets may be over, comparing the Canadian outlook to the U.S. housing meltdown is off base, two Bank of Nova Scotia economists say in a new report.
Earlier this week, Merrill Lynch... » read more
Housing market braces for correction, not crash
2009-01-06
Average Canadian house prices will fall by another 3 per cent in 2009, but the drop will add up to a “correction,” not the sort of “crash” that has crushed the U.S. market, real estate brokerage Royal LePage said Tuesday.
Nationally... » read more
Vancouver sales slump started in May
2009-01-05
Greater Vancouver's seven-year housing boom snapped in the middle of last year, with existing home sales falling by 35 per cent compared with 2007, according to 2008 year-end data yesterday from the Real Estate Board of Greater Vancouver. » read more
In today's condos, less really is more
2009-01-04
When architect Ludwig Mies van der Rohe coined the phrase "less is more," he did not have today's crop of condominiums in mind.
But the words he used to capture his minimalist approach to design perfectly describe what is happening to... » read more
The math behind the price tag
2009-01-03
If you are one of the thousands of men and women who look at the price of today's condominiums and suspect it is the greed of developers that is driving prices up, you would be dead wrong.
Yes prices can take the breath away. They... » read more
What condo purchasers need to watch for
2009-01-02
Ask anyone who has bought a new condominium suite recently and they will tell you: (a) it is not like buying a house, (b) it is not like buying a resale condo, and (c) unless you are prepared, the cost of closing the deal will make your knees... » read more
Power back in the buyers' hands
2009-01-01
Dig through the clutter of statistics — of sales declines, project launches, economic growth forecasts, volatile investment markets — and the future for Toronto condominium sales does not look bad at all.
In fact, according to a... » read more
Market change is good news for buyers
2008-12-31
You could easily pardon anyone looking for a new condominium today for having a case of the jitters. Every day we are bombarded by U.S. reports of a housing market meltdown. CNN headlines a survey that shows one of every 452 homes in the United... » read more
Recession threat weighs on housing markets
2008-12-30
Housing prices will fall about 5 per cent across Canada by the end of 2009 as a slumping economy takes a bite out of consumer confidence, says the ReMax realtor company.
The biggest drops are expected to come in major cities in... » read more
Real estate: Dealing in a buyers' market
2008-12-29
The single biggest investment for most Canadians is the purchase of a home. So, home owners were understandably worried when the Canadian Real Estate Association recently reported that average Canadian resale house prices fell by 10 per cent... » read more
Recession threat to weigh on real estate in 2009
2008-12-28
Real estate markets in 2009 will be mired in the economic slowdown and their performance will depend on how government stimulus affects consumer confidence, the realty firm Re/Max said Wednesday.
In its 2009 outlook, Re/Max said the... » read more
Housing sales hit 20-year low as real estate slump widens
2008-12-27
The selloff in real estate has morphed beyond a correction of overheated individual markets into a broad national slump, with prices posting their worst decline in nearly 20 years in November.
In the face of a collapse in consumer... » read more
Educate yourself, then jump into the market
2008-12-21
Sandra Rinomato made her first foray into real estate when she stopped by a new-home development, curious about what they had to offer. She walked away as the owner of a property she admits she shouldn't have bought.
"Don't do it!"... » read more
Is a green home right for me?
2008-12-20
If you would like a healthier, more sustainable lifestyle for you and for your family, a green home is right for you.
Green homes have lower utility bills, use less water, are associated with fewer asthma attacks, and are at lower... » read more
What is LEED?
2008-12-19
LEED is a national third-party certification system that recognizes leadership in green building. It is developed by a consensus process by volunteer members of the U.S. Green Building Council who contribute their expertise to its technical... » read more
Reinventing the real estate industry
2008-12-18
In 1996, Inman News called on the industry to create a more transparent real estate transaction. Specifically, we encouraged real estate leaders to fully leverage the Internet by putting the entire multiple listing service on the Web, open up other... » read more
The REALTOR® Commitment.
2008-12-17
You’re trusting a REALTOR® with your most valuable possession, your home. REALTORS® take this responsibility very seriously. Here’s what we promise you.
Your REALTOR® is highly trained. REALTOR® training is so rigorous that candidates... » read more
What to expect from your REALTOR®
2008-12-16
REALTORS® help you get the most for your home and they remove stress and confusion from the process. Here are just some of the advantages.
Your REALTOR® becomes your home’s champion. When you sign a “Listing Agreement” with your... » read more
Go it alone, or with a Realtor
2008-12-15
The fact is, most people who try to sell their own home end up using a REALTOR® in the end anyway.
Before anybody decides to fly solo through this complex, time consuming and financially perilous process, they should consider these... » read more
Close the deal.
2008-12-14
Your negotiations were successful and you have a legally binding agreement. But, is the house truly sold? Not quite yet. It’s time for the vital final steps known as “closing.”
Your REALTOR® and lawyer will do most of the work Thank... » read more
Receive an offer.
2008-12-13
All of your hard work has paid off, but you won’t know exactly how much it’s paid off until you see the offer.
This is an exciting, often emotional time, so be prepared.
Your REALTOR® will walk you through the... » read more
Prepare your finances.
2008-12-12
Before the offers start rolling in, you should prepare for the massive amounts of money that will pass through your hands.
A lot of the money will probably be going to your mortgage.If you own your home free-and-clear... » read more
Let your REALTOR® Market your home
2008-12-11
You’ve spruced up your home and it’s never looked so good. It’s time for your REALTOR® to do their thing.
Your REALTORS® marketing tools.
The “For Sale” Sign.
Despite all our leaps in technology, the “For Sale”... » read more
Prepare your home for sale
2008-12-10
Break out the mop and the paintbrush. It’s time to give your home a mini-makeover. Here are all the little things you can do to attract the big offers.
Time to see your home through a buyer’s eyes.
Over the years, you’ve grown... » read more
Add a Lawyer to your team
2008-12-09
Similar to when you bought your home, it’s essential to have a lawyer handle all the various legal documents that change hands.
You’ve probably already worked with a real estate lawyer. (Québec we work with Notary)
The... » read more
Determine Your Home’s Asking Price
2008-12-08
Lots of people out there want to buy your home. The right asking price will attract buyers’ attention, and pay you a maximum return. You don’t want to set your price too low or too high. Setting too low a price means you could miss out on thousands... » read more
Sign a Listing Agreement.
2008-12-07
The “Listing Agreement” authorizes your REALTOR® and their brokerage to market and sell your
home. This agreement serves three purposes.
1. It defines your relationship. Every detail of your work together, including the limits... » read more
Find a REALTOR® Who is Right For You.
2008-12-06
There are many reasons why a REALTOR® is essential when selling your home but which REALTOR® is best for you?
Your REALTOR® who helped you buy your current house is a good start. Sticking with a REALTOR® just makes sense. If they did... » read more
Decide When to Sell.
2008-12-05
In real estate, timing is not everything but it does influence your home’s selling price. Let’s see if we can make timing work for you.
Status report.
Is it a buyer’s or a seller’s market?
When there are lots of... » read more
Show your home like a pro
2008-12-04
About one in 10 of the sellers we surveyed said they wished they had made more cosmetic changes to their home before putting it on the market. Even more of those who sold their homes for significantly less than the original asking price expressed... » read more
Tips for sellers
2008-12-03
Don’t waste time floating a high price out there just to see if you get a nibble
Price it right. Trying to make your house stand out by offering potential buyers enticements like a free vacation or a set of golf clubs is so... » read more
Tips for buyers
2008-12-02
Find out what the current owner pays in property taxes and energy costs
Get preapproved for a mortgage. Preapproval was always a smart move, but now it is a must. The real-estate agents we talked to say they don’t want to take... » read more
Bank calls slide in housing market overstated
2008-12-01
Canada's housing boom has ended, but the shift to a buyer's market is no reason for alarm, according to an analysis by one major bank Thursday.
Another big bank contended that even the recent 10 per cent fall in Canadian housing... » read more
Home prices will fall this year, CREA predicts
2008-11-30
The average price of a home sold in Canada will fall this year for the first time in a decade and may not even recover by 2010, the Canadian Real Estate Association said yesterday.
The Ottawa-based group, which represents 100 boards... » read more
Canadian homes are getting more affordable: Desjardins
2008-11-29
The recent fall in housing prices in Canada has made home ownership more affordable, and broad-based cuts to mortgage rates announced Wednesday will make that dream even more affordable.
The upside to the downside in housing prices is... » read more
Further Canada Interest-Rate Cut Likely ‘Required’
2008-11-28
Bank of Canada Deputy Governor Pierre Duguay said policy makers will likely need to cut the bank’s benchmark interest rate again to boost economic growth.
“The risks to growth and inflation appear to have shifted to the downside,”... » read more
New moves to ease strain of credit crisis
2008-11-28
Finance Minister Jim Flaherty moved yesterday to ease the strain caused by the global credit crisis, pledging an additional $700-million for two federal lenders and legislative housekeeping that would give the government authority to buy shares in... » read more
Rates slashed for mortgages
2008-11-27
Some of Canada's largest financial institutions said yesterday that they will lower their residential mortgage rates today across a broad range of maturities.
The reductions on one- to five-year fixed-rate mortgages ranged from... » read more
The Myth of the Million-Dollar Producer
2008-11-26
In pursuit of authenticity, transparency and truth in the residential real estate brokerage business, we must stop and take a look at many of the messages we send to the public. Far too often in real estate we promote the consumer perspectives that... » read more
Existing home prices hit 40-year low
2008-11-25
The price of previously owned homes fell in October by the most in at least 40 years and the volume of sales also fell, in a sign of the still mounting problems in the housing market.
The median price of existing homes fell by 11.3... » read more
Seller 'gift' may disguise problem
2008-11-24
It's common for buyers to ask for appliances or other personal items when they purchase a property, but what about the seller who voluntarily leaves personal items as part of the sale?
There are numerous pitfalls when it comes to... » read more
Money can buy end 'spiral'
2008-11-23
One week ago today, Henry Paulson announced that federal efforts had "stabilized the banking system." On Wednesday a new panic rolled through markets, running to Treasurys. T-bills 90 days and shorter fell to 0.01 percent, and the 10-year T-note... » read more
Bank of Canada cuts interest rates again
2008-11-22
The Bank of Canada lowered its benchmark overnight lending rate by one quarter of a percentage point to 2.25 per cent at its setting on October 21st. The trend-setting Bank rate, which is set 0.25 percentage points above the overnight lending rate... » read more
MLS® home sales activity will continue cooling trend
2008-11-21
In line with the recent downward revisions of Canadian economic and job growth forecasts, The Canadian Real Estate Association is updating its MLS® housing market forecast for the balance of 2008, and 2009. National home sales activity is now... » read more
Modify my home in THIS market?
2008-11-20
With many areas of the country now in a down sales cycle, it makes a lot of sense to consider some changes that will make your home more comfortable -- for you but not necessarily the next potential owner.
In fact, aging-in-place... » read more
MLS® residential home sales decline in October
2008-11-19
The number of properties sold via the MLS® systems of all real estate boards across Canada declined in October 2008, according to statistics released by The Canadian Real Estate Association (CREA). Much of the decline in national sales activity... » read more
MLS® residential home sales decline in October
2008-11-18
The number of properties sold via the MLS® systems of all real estate boards across Canada declined in October 2008, according to statistics released by The Canadian Real Estate Association (CREA). Much of the decline in national sales activity... » read more
New RESP Rules and Tax-Free Savings Accounts Help Canadians Save More
2008-11-17
New rules governing Registered Education Savings Plans (RESPs) could help parents accumulate even more money for their children's education, but there's another new tax-sheltered investment they might want to look at first the Tax Free Savings... » read more
Real Estate Association Lowers Canadian Housing Sale Forecast
2008-11-16
Housing sales in Canada are headed lower this year and next, says the Canadian Real Estate Association (CREA), with fewer sales and lower average prices than previously forecast.
In a revised projection issued Monday, CREA says sales... » read more
Home sales decline in Montreal area
2008-11-15
Home sales for the first 10 months of this year in metropolitan Montreal declined four per cent from the 2007 period to 36,955 transactions, the Greater Montreal Real Estate Board said yesterday. Michel Beauséjour, the board's CEO, said the... » read more
Canadian home sales tumble 14 percent in October
2008-11-14
Home sales in Canada fell to their lowest level in more than six years in October as fallout from the global financial crisis undermined market sentiment, the Canadian Real Estate Association said on Friday.
Seasonally adjusted... » read more
Resale housing market drops 2% in Montreal
2008-11-13
Montreal's resale housing market declined two per cent in 2008, the Greater Montreal Real Estate Board said yesterday. For the first nine months of the year, 8,463 properties changed hands in the Montreal region. Property listings increased 12 per... » read more
Homeowners' new reality: You're suddenly poorer
2008-11-12
When Pat Webb moved to Vancouver a year ago, she didn't think twice about buying a condo in tony Kitsilano, among the hottest neighbourhoods in the city's booming real estate market.
But in August, the 70-year-old retiree decided to... » read more
Caution describes sentiments in the Canadian real estate market: PwC and ULI survey
2008-11-11
While the US real estate market is bottoming out, according to the annual Emerging Trends in Real Estate 2009 report released by PricewaterhouseCoopers (PwC) and the Urban Land Institute (ULI), Canadian real estate industry players are approaching... » read more
Real Estate Association Lowers Canadian Housing Sale Forecast
2008-11-10
Housing sales in Canada are headed lower this year and next, says the Canadian Real Estate Association (CREA), with fewer sales and lower average prices than previously forecast.
In a revised projection issued Monday, CREA says sales... » read more
House prices still rising in most markets: CREA
2008-11-06
The Canadian Real Estate Association says the falling average sale price nationally is a reflection of a decline in sales in high-priced markets and notes prices are still rising in a majority of markets.
The Ottawa-based group, which... » read more
Toronto real estate slide continues
2008-11-05
City of Toronto existing home prices plunged 13% in October from a year ago and are now even off from where they were two years ago, the Toronto Real Estate Board said today.
The average price of a home sold in the city was $376,896... » read more
How to succeed during the hurricane
2008-11-01
Canada, despite its comparatively more conservative approach to finance, is clearly not immune to the problems of the global financial and real estate markets. These problems slip into the “real economy” – sales, income and jobs – and move across... » read more
How to succeed during the hurricane
2008-11-01
Canada, despite its comparatively more conservative approach to finance, is clearly not immune to the problems of the global financial and real estate markets. These problems slip into the “real economy” – sales, income and jobs – and move across... » read more
Most Canadian cities' homes overvalued by 25%: UBC study
2008-10-31
Some Canadian homeowners should be prepared for a fall in housing prices, warns a study that estimates homes in most cities are overvalued, and by as much as 25%.
With the exception of Toronto and Edmonton, houses in Canada's major... » read more
Toronto house prices plunge 15%
2008-10-30
Housing prices in Toronto and across the GTA have taken a nose-dive this month, confirmation the real estate market is slumping.
According to figures released by the Toronto Real Estate Board yesterday, house prices in Toronto dropped... » read more
Mortgage rate hikes counter price fall
2008-10-29
Home prices fell for a fourth straight month in September but any improvement in affordability is expected to be lost because of a sudden rise in mortgage rates caused by the credit-market crisis.
"We are heading into a very difficult... » read more
Crisis likely to thin Realtor ranks
2008-10-28
If you think selling real estate is easy money, think again, say those who have spent their careers in the competitive business of listing and showing homes and conducting open houses. If you want to know why, just do the math.
Last... » read more
Average home price drops 5%
2008-10-27
The average price of a home sold in Canada's major markets dropped 5.1% in August from a year ago, the largest decline in more than 12 years, according to the Canadian Real Estate Association.
House prices have dropped for three... » read more
Ottawa property taxpayers see an approximate 3.4 per cent assessment increase in 2009
2008-10-26
Ottawa property taxpayers will see an average assessment increase of 3.4 per cent in 2009 as result of the four-year phase-in of assessment increases introduced by the Provincial Government.
"Residential property values have increased... » read more
We're poorer than we think
2008-10-25
"You're richer than you think," is fast becoming "you're poorer than you ever imagined."
After the precipitous decline in global markets, it's difficult not to worry what's next. Because our homes are typically our most important... » read more
Toronto listings increase
2008-10-24
Home sales in the greater Toronto area got off to a cautious start this month. Sales of existing homes in the first half of September fell to 2,726 -- a decline of 16% over the same period last year, according to figures released by the Toronto Real... » read more
Canada Existing Home Sales Rose in September Before New Rules
2008-10-23
Canadian existing home sales rose in September, a national realtors' group said, as buyers rushed to buy real estate before more stringent rules for mortgage insurance kicked in.
Sales of existing homes in 25 markets listed on the... » read more
The local market still looks sound
2008-10-22
There's an old saying that goes: when the water-hole dries up, that's when all the animals start to look at each other funny.
The last two weeks have seen a spectacular crash of global equity markets and a virtual paralysis in capital... » read more
2009 will be a tough year but economic tide will turn: TD Bank outlook
2008-10-21
The next 12 months "are likely to prove difficult for many firms," TD Bank says in a report that foresees little or no economic growth until late next year.
"More challenging economic times" will affect the whole country, with Central... » read more
2009 will be a tough year but economic tide will turn: TD Bank outlook
2008-10-20
The next 12 months "are likely to prove difficult for many firms," TD Bank says in a report that foresees little or no economic growth until late next year.
"More challenging economic times" will affect the whole country, with Central... » read more
Canada average house price falls in September
2008-10-19
Home resales in Canada rose modestly in September from August, but a drop in sales in some expensive markets pulled down the average price, the Canadian Real Estate Association said on Wednesday.
Existing home sales in major markets... » read more
Sellers find it's suddenly a 'buyer's market' as economy takes toll on housing
2008-10-18
For the first time in more than a decade, realtor Graham Reid is telling his clients the house they are about to put on the market may not sell.
It's a tough piece of advice for sellers to hear considering that a few months ago home... » read more
Land transfer tax comes home?
2008-10-17
Resale homes prices in the Greater Toronto area fell for the first in more than a decade in September, down three per cent to $368,549. The City of Toronto saw prices fall six per cent to $393,647, compared to a year ago. Sales in the GTA fell six... » read more
Residential MLS listings down in Q3
2008-10-16
New listings of homes for sale on the Multiple Listing Service in major Canadian markets edged lower in the third quarter of 2008, due primarily to easing in Edmonton and Calgary, the Canadian Real Estate Association said yesterday.
» read more
Mortgage defaults on the increase
2008-10-15
For years, bankruptcy trustees and credit counsellors in Calgary haven't had enough work.
But in the past couple of months, the workload has picked up as some Calgarians fall behind on their mounting debts and mortgage payments.» read more
Mortgage lenders grapple with credit crunch
2008-10-14
Confusion is spreading through the mortgage market as lenders already grappling with soaring borrowing costs are now figuring out how to deal with a surprise rate cut by the Bank of Canada.
The reaction was swift at Canadian Imperial... » read more
Decline in new listings brings balance to real estate market: CREA
2008-10-13
The number of homes listed for sale across Canada fell in August, indicating the real estate market has reached a comfortable balance, figures from the Canadian Real Estate Association show.
In August, there were 74,993 new listings... » read more
Loonies find a second home in U.S. real estate
2008-10-12
Canadians with plenty of cash are finding it hard to resist the half-price sale on U.S. real estate.
Housing prices continue to sink south of the border and Canadians have been taking advantage of a relatively strong loonie to pick up... » read more
Mortgages, capital and that darn TED spread
2008-10-11
Who owns Canada Mortgage and Housing Corp. and can it go under?
CMHC was set up by the federal government just after the Second World War to help deal with a housing shortage exacerbated by the huge number of soldiers returning home... » read more
Ottawa buying $25-billion in mortgage pools
2008-10-10
Ottawa is buying $25-billion in insured mortgage pools, Finance Minister Jim Flaherty announced Friday.
“This is going to make loans and mortgages more available and more affordable for ordinary Canadians and businesses,” Mr. Flaherty... » read more
Ottawa new housing starts decline 5.9%
2008-10-09
New housing starts fell 5.9 per cent to 586 units in Ottawa in September on a sharp decline in single-family and rowhouse construction.
However, Canada Mortgage and Housing Corp. said yesterday that construction of new condominium... » read more
House prices continue to rise in most regions, but rate of appreciation
2008-10-08
Home prices in Canada's resale real estate market continued to grow modestly through the third quarter in most major cities, according to a House Price Survey report released today by Royal LePage Real Estate Services. This dissimilar Canadian trend... » read more
A real-estate gold mine loses lustre in nasty times
2008-10-07
Add one more to the list of worthy initiatives bushwhacked by vengeful real-estate reality. Could there be a less auspicious time to launch a powerful new public corporation with a mandate to "unlock value" in city-owned real estate?
» read more
Housing resale prices take a hit
2008-10-06
The price gains of resale housing in Ottawa slowed sharply between the second and third quarters.
A new survey by Royal LePage Real Estate shows that average price gain was about $2,500 sequentially in the September quarter compared... » read more
Paying a green premium
2008-10-05
Most Canadians willing to pay more for environmentally friendly homes.
The principle reason may not be altruistic, but a majority of Canadians say they'd willingly spend more for a home with environmental features.
» read more
Buyer beware
2008-10-04
There are sweet deals, but first get answers to 12 tough questions before locking in your money.
With the sub-prime housing crisis casting a dark a shadow over the United States, many Canadians are searching for hot deals on American... » read more
New economic climate puts chill on Toronto real-estate prices
2008-10-03
The country's largest housing market, Toronto, is slowing as sales drop and a decade-long run-up in prices stalls.
Recent figures show prices have flatlined across the Toronto region, and in both middle and high ends of the market.» read more
More Albertans unable to make mortgage payments
2008-10-02
A growing number of homeowners in Alberta are having trouble paying their mortgages on time, according to statistics from the Canadian Bankers Association.
The numbers, pulled from seven major banks in Canada, show that in June 2008... » read more
MLS listings drop across Canada
2008-10-01
Canadian sellers are backing off listing houses and other properties for sale now that prices and transactions have dropped at the same time inventories have climbed.
"The housing market is returning to a less breakneck pace compared... » read more
Decline in new listings brings balance to real estate market: CREA
2008-09-30
The number of homes listed for sale across Canada fell in August, indicating the real estate market has reached a comfortable balance, figures from the Canadian Real Estate Association show.
In August, there were 74,993 new listings... » read more
From Whoo hoo to boo hoo
2008-09-29
Regulators seize Washington Mutual and sell most of it to JPMorgan Chase
AS AMERICA'S politicians continue to battle over a proposed $700 billion rescue plan for the financial system, a loud clock ticks in the background. Markets for... » read more
Canadian market is due for a correction
2008-09-28
Canada's overvalued real estate markets are due for a correction, but nothing like the collapse in housing values currently happening in the U.S., a commercial real estate conference was told Tuesday.
That's because Canada's economy... » read more
Wall Street’s Woes: A Lesson In Risk Management
2008-09-27
Canadian investors and corporations have often been criticized for being too conservative when it comes to their acceptance of financial innovation. It seems, however, that the relative caution exercised by Canadian financial companies over the past... » read more
Green roofs are taking root in American cities
2008-09-26
When asphalt-weary American city dwellers yearn for a bit of greenery these days, more and more of them head for the roof.
The concept of planted green roofs, which gained early popularity in Chicago, is beginning to take root in New... » read more
Merrill Lynch's Wolf Sees Meltdown for Canadian Housing Market
2008-09-25
The Canadian housing market is headed for a meltdown because households finances are in even worse shape than in the U.S. or the U.K., said David Wolf, chief strategist Merrill Lynch & Co. Canada.
Wolf said in a report published... » read more
National Bank customer data stolen
2008-09-24
A determined thief managed to break into a locked office at National Bank of Canada's Montreal headquarters, avoid various security measures and pinch a laptop computer containing information about most of the bank's mortgage customers.
» read more
Mortgages should get cheaper, but who is buying a house?
2008-09-23
U.S. Treasury Secretary Henry Paulson is counting on the weekend seizure of mortgage lending giants Fannie Mae [FNM-N] and Freddie Mac [FRE-N]to help lower stubbornly high mortgage rates and lure more buyers back into real estate.
» read more
Housing market continues to cool
2008-09-22
The rise in new home prices continues to ease as Canada's housing market cools, particularly in the west.
Statistics Canada said Thursday prices for new homes rose 2.7 per cent in July on an annual basis, a slowdown from the 3.5 per... » read more
Behind counterparty risk and credit default swaps
2008-09-21
Given the crisis on Wall Street and the focus on American International Group Inc., one of the world's largest insurers, everybody is suddenly talking about counterparty risk.
What is counterparty risk, and why is it suddenly an... » read more
It's moving season and getting organized is job one
2008-09-20
Packing up your worldly possessions and moving them to a new home can be difficult even under the best of circumstances.
August is usually the high season for moving. One of the first decisions to make is whether to hire a moving... » read more
Property taxpayers soon to get new house values
2008-09-19
Reassessments go out this week; average increase likely five per cent
Two years after the property tax furore that prompted Ontario Premier Dalton McGuinty to freeze all residential assessments, property taxpayers in the province... » read more
2009 Color Trends
2008-09-18
Authentic and Traditional Paint Hues Refresh and Excite the Senses
Color style for 2009 draws inspiration from both nature and nurture. With increasing numbers of homeowners remaining in place, many are searching for options to... » read more
In today's condos, less really is more
2008-09-17
When architect Ludwig Mies van der Rohe coined the phrase "less is more," he did not have today's crop of condominiums in mind.
But the words he used to capture his minimalist approach to design perfectly describe what is happening to... » read more
Harper promises tax break for first-time home-buyers
2008-09-16
A re-elected Harper government would offer first-time home-buyers a tax break worth up to $750 to help them defray costs associated with closing the deal.
The Conservative leader made the announcement Tuesday in Kitchener, where his... » read more
Housing starts jump, led by Ontario
2008-09-15
Housing starts rebounded sharply in August, with the seasonally adjusted annual rate jumping to 211,000 units from 186,500 in July, far outstripping Bay Street forecasts of about 190,000, Canada Mortgage and Housing Corp. said Tuesday.
» read more
New home prices rise — but not by much
2008-09-14
Price increases on new homes eased for the sixth month in a row in July, increasing by a meagre 0.1% as the national market continues to soften, Statistics Canada reported on Thursday.
Contractors' selling prices were up 2.7% from... » read more
Home cosy home
2008-09-13
Sorry for mentioning it, but winter's lurking around the corner. Start enhancing your home's energy efficiency now, and you'll be surprised how much money you've saved when spring rolls around.
Here are a handful of tips and resources... » read more
The Time is Right Now for First-Time Home Buyers
2008-09-12
First-time home buyers haven’t seen opportunities like today’s market offers in a very, very long time. Near-record low interest rates, competitive prices and a large selection of homes to choose from are already great reasons to buy. And now, a new... » read more
Canadians spending a bundle on renovations
2008-09-11
The reasons for renovating a home are as varied as the addresses they occupy.
Maybe the family is growing and another bedroom is needed or the kids have left and some of that vacant space can be used as walk-in closets or a larger... » read more
Back to the basics
2008-09-10
Reducing the size of houses, simplifying construction, will go a long way to reducing energy dependency
Predictions about rising energy costs send shivers up the spines of motorists and homeowners.
And while... » read more
Resale home prices slide as housing market weakens
2008-09-09
Resale home prices and sales slid in Canada's major markets last month, while listings roared ahead, more signs the market is weakening, according to a Canadian Real Estate Association report.
Rising consumer caution due to a slowing... » read more
West-side bridge 'dead in the water' after NCC report
2008-09-08
The federal government has ruled out all west-side routes for a possible new bridge between Ottawa and Gatineau, says Environment Minister John Baird.
Mr. Baird, the MP for Ottawa West-Nepean, said a report to be released by the... » read more
Quebec passes new rules for brokering real estate
2008-09-02
Apparently jolted by the sub-prime mortgage crisis that is shaking up the U.S. economy — especially in real estate — Quebec's Liberal government has passed new legislation to regulate the province's real estate brokerage sector. "The sub-prime... » read more
Why Use a REALTOR®
2008-09-01
Many consumers consider selling their home directly but eventually turn to REALTORS®. Smart home sellers realize they need the expertise in pricing their home, making connections with REALTORS® working with... » read more
CMA - PART OF THE SERVICE
2008-08-31
Lifestyle changes can come at you in a hurry, sometimes necessitating a move. Determining your property's value is especially difficult if you are a long time home owner. You may have made improvements throughout the years that you've simply... » read more
WHAT IS IT WORTH?
2008-08-30
Your home is important to you, not just as a place to live, but also as a major investment. So when it's time to sell, you want to get the most money possible. What do you do when that other agent tells you your home should be listed at a higher... » read more
WHAT DO YOU OFFER?
2008-08-29
For some people, haggling over price is a game. But most of us feel a little squeamish about it, although we do like a good bargain. When you're buying a house, there is a certain amount of negotiation that takes place and the final price is a part... » read more
A SERIOUS COMMITMENT
2008-08-28
It's nice to have choices. If you're in the market for a new home, you'll have plenty to select from. Great for buyers but what about sellers?
If you're selling your home, you'll have a healthy amount of competition. Getting your home... » read more
SHOULD YOU RECONSIDER?
2008-08-27
If you're having trouble coming up with enough money for a down payment on your big dream home, why not reconsider your needs. For many, the thought of a huge kitchen, big bedrooms and a great room the size of a football field sounds about right... » read more
KEEPING UP WITH THE COMPETITION
2008-08-26
Did you know your home's decor can cost you big bucks when it's time to sell? That's right. Flowered wallpaper, dark wood paneling and shag carpets might suit you just fine. But your buyer will see this as dated and will turn away to your... » read more
THE BEST DEAL FOR YOU
2008-08-25
The market for a buyer these days is excellent. There are plenty of homes to choose from and mortgage rates are low. All you need to do is make a selection, have the seller's agent take care of the contract and call the movers. Who needs the... » read more
YOUR GREATEST FEAR
2008-08-24
What do you most fear losing? That might seem like an odd question but it has become increasingly important. People from New York, to Florida, to New Orleans and on to California are all too familiar with the consequences of disasters that force... » read more
MAKE IT FEEL SPECIAL
2008-08-23
Event planners know they are creating a memory. They go all out to make a space feel wonderful and inviting. Selling your home calls for the same commitment and creativity.
No, you won't want balloon arches and confetti sprinkled on... » read more
TWO COMMON HOME BUYING MISTAKES
2008-08-22
Buying a home is serious business. It's a long term commitment and probably the most money you'll ever spend for anything in your lifetime. Avoiding two of the most common mistakes will lead to a more satisfactory outcome.
Mistake... » read more
SIT OR SELL?
2008-08-21
In today's market it is taking longer to see that 'sold' sign in front of a property. That can be extremely frustrating for a seller who really needs to move on. If you're stuck in this situation, what can you do to turn things around?
» read more
ONE PART WELCOME, ONE PART GO AWAY
2008-08-20
We've all had the experience. You're visiting friends or family. You walk up to the door and somehow don't feel welcome. It's not anything anyone said. It's just a feeling. Then you look around.
Maybe it's stuff left on the sidewalk... » read more
SAY GOODBYE TO MOLD
2008-08-19
The word mold can strike terror in the hearts of home owners. It can cause health problems, especially for the ultra sensitive person. But consider this. Our homes are more tightly sealed than ever. They are warm and many of us add moisture either... » read more
THE RIGHT STUFF
2008-08-18
You can double your impact with the right home improvements. Upgrades and remodeling can be expensive so it pays to choose wisely. You want every dime you put into your home to be something that matters to you as a homeowner and to your potential... » read more
CABINETS CAN MAKE THE DIFFERENCE
2008-08-17
Beautiful cabinetry adds tremendous appeal to your home. And good storage is just what you need, especially in the kitchen. During remodeling, making the right decisions can be the important difference in how well your room functions. And when you... » read more
DIFFICULT DECISIONS
2008-08-16
Buying a home today may be tougher than ever. Why? Because there are so many wonderful and available homes, sellers are more willing to negotiate and mortgage rates are fabulous. Sometimes too many choices can make the decision more difficult. » read more
EXTERIOR OPPORTUNITY
2008-08-15
Improving your home's drive up appeal is always a good idea. But when you're selling your home, it's a must. You never get a second chance to make a first impression so make it the best one possible.
Start by conducting your own... » read more
HOME AND AWAY
2008-08-14
No one needs to tell you when your neighbors are away. Little signs such as the car not being moved out of the garage or the mail piling up sends an instant message. And what about the lights? Is the house totally dark or is the porch light on 24... » read more
NINE LENDING FACTORS
2008-08-13
Did you ever wonder what a lender looks at when determining the value of your home? A simple price per square foot doesn't always work. Many factors enter into properly pricing real estate with location being one of the top items.
» read more
CREATURE COMFORTS
2008-08-12
We love our creature comforts. Imagine getting through a hot summer day without air conditioning. It's standard fare for our cars, our places of work and our homes. But air conditioning didn't start out as something invented for our comfort.» read more
DEFINITION: ABSTRACT OF TITLE
2008-08-11
Abstract of Title ~
A breakdown or summary of all public records having to do with the value of and the continuation of clear title to your property. Your title company usually has an 'abstractor' examine public documents pertaining... » read more
THE DEAL THAT FAILS
2008-08-10
As with everything in life, there may be times when things don't work out. Occasionally, a real estate transaction fails with no one at fault. Why and what should you do next?
All parties may have perfectly honorable intentions but... » read more
TWO BASIC STEPS FOR SUCCESS
2008-08-09
Selling your home calls for two basic steps. It doesn't matter if your home is a castle, cottage, high rise or a cabin in the woods. The rules are the same.
Preparation: In order to get the best price and get your home sold in a... » read more
APPRAISALS AND INSPECTIONS
2008-08-08
An appraisal and a home inspection have some similarities. Both services ensure that your property will meet certain, basic criteria. However, they are two distinct functions in a real estate transaction.
Let's start with the... » read more
21ST CENTURY PAINTING
2008-08-07
More than any other home improvement project, painting is the number one choice of do-it-yourselfers. When asked, consumers report that they would more likely paint an interior room themselves. Paint companies and retailers are responding with... » read more
WEALTH BUILDING
2008-08-06
Dark clouds on the real estate horizon may have buyers running for cover. Why not take a tip from the folks who did well on the last downturn? A look back shows us that those who bought during the 1990s slowdown have done very well on their real... » read more
Realtors® Help Consumers Remodel With An Eye Toward Resale
2008-08-05
Kitchen and bathroom remodeling projects are returning more of a homeowner's investment than ever before, according to the 2005 Cost vs. Value Report published by the National Association of Realtors in REALTOR® Magazine and by Hanley Wood LLC in... » read more
KEEPING UP WITH THE UPKEEP
2008-08-04
Keeping your home in tip top shape throughout the selling process calls for attention to details. Unless you hire a cleaning service to come in often, you'll want to keep a handy list in order to have a schedule for what needs to happen when.» read more
What should you expect when working with a REALTOR®?
2008-08-03
Once your home is listed with a REALTOR®, he or she will immediately begin to market your home according to the most appropriate conventions for your community.
Your REALTOR® should keep you informed as the marketing process unfolds... » read more
How do you choose a REALTOR®?
2008-08-02
Whether you're a first-time seller or someone who has sold many homes, there are several ways to find a local REALTOR®:
Use the "Find a REALTOR®" search engine on REALTOR.com® to find individuals who actively sell in your community... » read more
Why use a REALTOR®?
2008-08-01
There are more than 2 million people nationwide who have licenses to sell real estate, of which about 750,000 belong to the National Association of Realtors (NAR). Only NAR members are entitled to use the term "REALTOR®."
NAR members... » read more
Get a REALTOR®
2008-07-31
Before placing a home on the market you should also identify REALTORS® in your community who can assist with the sale. Because Realtor.com is the largest real estate site online, it's a perfect place to look when seeking realty services. Realtor.com... » read more
Plan/Prepare
2008-07-30
Some 5 million existing homes are sold each year, and while each transaction is different every owner wants the same thing - the best possible deal with the least amount of hassle and aggravation.
Get it Done
· Online... » read more
10 Steps to Home Ownership!
2008-07-19
The home-buying process doesn't need to be scary. Our step-by-step guide will walk you through the process and answer your questions on what you should expect from your REALTOR®, where to look for loans, and what to watch out for when closing the... » read more
Why Use a REALTOR®?
2008-07-18
All real estate licensees are not the same. Only real estate licensees who are members of the NATIONAL ASSOCIATION OF REALTORS® are properly called REALTORS®. They proudly display the REALTOR "®" logo on the business card or other marketing and... » read more
No housing bubble in Canada: Flaherty
2008-07-17
Federal Finance Minister Jim Flaherty shrugged off housing worries in Canada on Wednesday, saying there is no bubble. He did, however, continue to express concern over mortgages with 40-year amortizations and very small down... » read more
Mortgage insurers push to keep zero-down loans
2008-07-16
Private mortgage insurers are pushing for ways to keep no-money-down mortgages alive and are set to meet with Department of Finance officials in the next two weeks to discuss possible options, sources indicate.
The move... » read more
EARNING YOUR TRUST
2008-07-15
Without question, the majority of people in the real estate and mortgage industries are honest and work hard for their earnings. They take their responsibilities seriously. But even the most honest among us can make a mistake. So, once you've... » read more
Boost your curb appeal over the weekend
2008-07-14
If you’re selling your home soon, ensure that prospective buyers will want to come inside by sprucing up the exterior before they drive by. Don’t worry, this doesn’t have to be a time-consuming project. Here are some easy improvements you can make... » read more
A HOLE IN THE ROOF
2008-07-13
"My roof's got a hole in it and I might drown." So said the crooked little man in the song. If you've ever had a leak in the ceiling you know that sinking feeling. And by the time you notice, the damage has probably been going on for a while. » read more
Setting the stage for home sellers
2008-07-12
Once primarily a luxury for the rich when selling their mansions, home staging is becoming popular with average homeowners seeking to get their properties off the market faster and earn more money.
The proliferation of television... » read more
Canadian housing starts decline in June
2008-07-11
Quebec housing starts in centres of more than 10,000 people dropped 11 per cent in June from a year earlier, Canada Mortgage and Housing Corp. said today.
The June total was 3,706 units, bringing starts in the first half to 20,442, up... » read more
Ottawa to tighten mortgage rules
2008-07-10
The federal government has cracked down on the mortgage industry with new rules that will make it more difficult for consumers to borrow.
One of the key measures the government has introduced is a stipulation that insured mortgage... » read more
CONQUERING AWKWARD ANGLES
2008-07-09
Some people just seem to have a knack for decorating projects. They always end up with something beautiful and sometimes with what seems like minimal effort. But for the rest of us, it can be a daunting challenge. This is especially true when it... » read more
IS IT FOR YOU?
2008-07-08
You've just found the home of your dreams. It's exactly what you've been looking for plus the neighborhood is picture perfect. Is all that lovely manicuring the result of a Homeowners Association?
Planned communities are increasing... » read more
Canadians well served by our mortgage industry
2008-07-08
Despite all the recent media attention regarding the 'Mortgage Meltdown' in the United States, the vast majority of Canadian mortgage holders continue to be well served by the mortgage industry here. That's just one of several reassuring findings of... » read more
Empty-nesters eager to downsize as kids leave home
2008-07-08
These days, there are a lot of differences between the real estate markets in Canada and the U.S., but there's at least one aspect that's common to both. We're both seeing the impact of a major demographic group reaching a new stage in their lives... » read more
LOSING THE LIVING ROOM
2008-07-07
As demographics change, these changes are reflected in requested floor plans. New lifestyles are dictating living spaces that are compatible with today's families and individuals.
When Country Home magazine built a show house at the... » read more
DEFINITION: SALES RATIO ANALYSIS
2008-07-06
Sales Ratio Analysis ~ The evaluation of the cause of the difference between the desired selling price of a property and it's appraisal value. Reasons could include unexpected deterioration of conditions in the area, quick sale needed, poor... » read more
INCREASING YOUR HOME'S VALUE
2008-07-05
Making the most of your dollars is always a smart idea. Whether you're purchasing a new car, a new wardrobe or the latest technology tool, you want to be sure this is something that really makes a difference in your life – something of real value... » read more
THREE MUST HAVES
2008-07-04
Keeping up with housing trends is never easy. But if you're selling your home, it will behoove you to take a look at new home designs. Your home may not have them all, but there are three items that might make or break the deal.
If... » read more
REWARDS OF OWNERSHIIP
2008-07-03
A home of your own sounds like an excellent idea. But is it a wise move? Will the benefits outweigh any financial risks? Before making your final decision, there are some facts you should know.
It can seem a little frightening and... » read more
BENEFITS OF A FRACTION
2008-07-02
Divide and conquer! No, that's not a misnomer. Fractional ownership is a way of gaining a luxury you cannot afford on your own. Why purchase an expensive resort home that you'll only use part of the year when you can own a fraction, enjoy the... » read more
WHAT TO DO?
2008-07-01
When your house sits on the market for a while, it's a real cause for concern. You may have a new job to go to or some other lifestyle change that makes it necessary to move on and inconvenient to stay. Having a good real estate professional on your... » read more
WHAT ABOUT YOU?
2008-06-30
It's the unthinkable but losing your home to a disaster can and does happen every day. If you have a mortgage, you are required to have insurance. The mortgage company needs to make sure their investment is properly covered. But what about you? Is... » read more
Survey reveals downsizing trend for homes
2008-06-29
Let the home-size debate begin.
According to a survey of home-design trends, the era of super-sized homes is giving way to downsizing -- the American Institute of Architects suggests this is a possible byproduct of the housing-market... » read more
Canada's housing boom is over, bank says
2008-06-28
After a long run of rapidly-rising prices, the Canadian housing market has cooled to the point that it is no longer a sellers' market, Toronto-Dominion Bank said Thursday.
“The long-awaited end of the Canadian housing boom has... » read more
Putting your ducts in a row
2008-06-27
4 steps to peak home-heating performance
"Out of sight, out of mind" is a phrase that can certainly be applied to the heat duct system that runs under your floor or through your attic. But just because you can't see the ducts — and... » read more
DEFINITION: ENVIRONMENTAL IMPACT STATEMENT
2008-06-26
Environmental Impact Statement - A detailed description of a proposed development project with emphasis on the existing environment setting, viewed from both a local and regional perspective, and a discussion of the probable impact of the project on... » read more
Existing US home sales rise on price drop
2008-06-26
NEW YORK -- Sales of existing homes rose slightly more than expected in May as home buyers responded to plummeting home prices, according to an industry trade group.
The National Association of Realtors (NAR) said Thursday that the... » read more
The great Canadian real estate rush
2008-06-25
The wire story from The CP says it perfectly: "Never before have so many Canadians owned homes. And never before have they owed so much for the privilege." The latest Statistics Canada data on home ownership shows that 68.4 per cent of Canadians are... » read more
CUSHY CARPETING
2008-06-24
Beautiful carpeting can add style and comfort to your home with its lovely texture and warmth. It is especially good in bedrooms. With so many options in color and the wealth of styles offered, it's hard to know what to choose. And it's easy to care... » read more
THAT SPACIOUS FEELING
2008-06-22
Appealing to today's buyers calls for their need for a spacious home that's move in ready. That sounds simple enough until you look around and realize you might have some serious work to do in order to fulfill this requirement. Making small rooms... » read more
Deck-staining that can't fail
2008-06-21
Look for product that resists water, mildew
Q: I have a deck that was built in October 2006. Does it need to be stained this soon? This will be my first deck-staining experience, and I was also wondering what things to be aware of... » read more
Microhood a must for any Kitchen Upgrade
2008-06-20
Looking for a nice way to upgrade your kitchen and add both counter space and convenience? You might not need to look any further than replacing your existing range hood with a microwave/hood combination. Now known generically as a microhood, this... » read more
Making an attractive home-purchase offer
2008-06-19
It's easy to assume that negotiating is adversarial. You, the buyer, are on one side -- the side that wants to buy a property for the lowest price possible. The opposition on the other side is the seller who wants to sell for the highest price... » read more
Preparing for Homeownership
2008-06-19
Preparing for Homeownership
Buyer's Guide
Before you begin your home search at REALTOR.com, prepare yourself by reading Ten Steps to Homeownership.
Homebuying... » read more
Setting the Stage for a Successful Sale
2008-06-18
What’s the best way to help your home make a glorious first impression on would-be buyers? Real estate experts agree that “staging” (also called “fluffing”) your home to show it in the most favorable light is well worth your time and effort.» read more
Secrets to Making a Lowball Offer
2008-06-17
As the property market cools down, it becomes a good time for property buyers. If you don’t have that much money to spend on a house, but you’re absolutely convinced that it’s the right time for you to move (or if you’ve found an intriguing... » read more
Shopping for the Best Mortgage
2008-06-16
Mortgage rates are on the rise, but historically speaking they are still fairly low. As a result of the favorable mortgage market, lenders have produced several new creative financing options for purchasing or refinancing. Don’t let the confusion of... » read more
Luxury Home Trends
2008-06-15
One of the best ways to update your home and ensure a good resale value is to adopt trends from the luxury home market. These cutting edge trends eventually find their way into the new construction market and become mainstream styles. While most... » read more
Canadian real estate market shows signs of cooling
2008-06-14
The Canadian real estate market is being flooded with homes causing prices to start falling in some key markets, according to the Canadian Real Estate Association.
The average price of a home sold last month in the country's top 25... » read more
Housing prices up 5.2% in April, slowest rise in 2 years: StatsCan
2008-06-13
Contractors' selling prices for new homes increased 5.2 per cent between April 2007 and this April, its slowest rate of increase in more than two years, Statistics Canada said Wednesday.
"This was the third consecutive month in which... » read more
Housing starts stronger in May
2008-06-12
Housing starts gained strength in May on a rebound in construction of single-family homes, Canada Mortgage and Housing Corp. said Monday.
Across the country, the seasonally adjusted annual rate of housing starts was 221,300 units in... » read more
California man losing nine homes in mortgage mess
2008-06-12
A California man who has defaulted on nine homes and expects banks to foreclose on all of them, forcing him into bankruptcy, says he now considers it a mistake to have invested in the real estate market.
Shawn Forgaard, a 37-year-old... » read more
US May foreclosures rise 48 pct on year-RealtyTrac
2008-06-12
U.S. home foreclosure filings in May increased from April and were a whopping 48 percent higher than a year earlier, real estate data firm RealtyTrac said on Friday.
Home foreclosure filings in May totaled 261,255, up 7 percent from... » read more
Surge in bond yields may raise mortgage rates
2008-06-11
Fixed mortgage rates could rise in the coming days as banks adjust to a two-day rally in government bond yields that received extra ammunition yesterday when the Bank of Canada kept interest rates unchanged.
But any increases in fixed... » read more
BORROWING SMARTS
2008-06-11
When you secure a mortgage to purchase a home you generally place a percentage of the cost of that home as a 'down payment.' The rest is borrowed with the property as collateral. You are given a payment schedule and once this is satisfied, you will... » read more
Canada’s Housing Market Comes Off The Boil
2008-06-10
After many false calls, there is now convincing evidence that Canada’s housing market has come off the boil. Home resales, having fallen for four consecutive months, are running about 15% below last summer’s historic peak. Average annual home price... » read more
U.S. slowdown to be long, but no recession: survey
2008-06-10
Economists have trimmed forecasts for U.S. growth in the second half of this year and in 2009, but more have come to the view that the United States will dodge a recession, a survey released on Tuesday showed.
Blue Chip Economic... » read more
Canada May Housing Starts Climbed More Than Expected
2008-06-09
Canadian new-home starts rose a greater-than-expected 3.5 percent in May from the previous month, led by a gain in single-family dwellings.
The total of 221,300 units on an annualized basis compares with 213,900 units in April, Canada... » read more
MULTIPLE LISTING SERVICE
2008-06-08
What is the Multiple Listing Service and how can it benefit you when buying or selling property? Multiple Listing is an agreement between sellers and real-estate brokers that allows the broker to distribute information on the properties they have... » read more
DECORATING DIFFICULTIES
2008-06-07
There are those who can simply plow right into decorating projects and end up with something beautiful. But for most of us, it can be a daunting challenge without professional help. This is especially true when it comes to awkward angles and... » read more
Canada Building Permits Surge on Multi-Family Homes
2008-06-06
Canadian building permits soared 15 percent in April, the biggest gain in almost a year, as construction plans for apartments and condominiums increased across the country.
The value of permits issued by municipalities rose to a... » read more
HOMES AROUND THE WORLD
2008-06-05
A recent issue of Forbes magazine took a look at homes around the world to see what you could get for your money. The results are nothing less than amazing.
In London you could purchase a home near the Belsize Park tube stop in... » read more
BEWARE THE SCAM
2008-06-04
Bad things can happen to good people. Even the most hard working, conscientious person can fall behind when disaster strikes. The loss of a job, family illness or natural disaster can put your financial status in a tailspin. Just when you think... » read more
Canada to Cut Rate Half a Point, High Frequency Says
2008-06-03
The Bank of Canada will lower its benchmark interest rate half a point to 2.5 percent next week after a report showed the economy shrank in the first quarter, said Carl Weinberg, chief economist at High Frequency Economics.
Weinberg... » read more
A BETTER TIME
2008-06-02
Your dream home is for sale – the property you've always admired but never thought you could own. But is this the time to trade? Should you wait to try to sell the home you're in?
If you're thinking of waiting it out take a deep... » read more
THE 80 - 20 RULE
2008-06-01
Clean out your closets; pare down your wardrobe and you'll have less to move when the time comes!
If you're selling your house, you're preparing to move as well. Before your house went on the market you probably cleaned and... » read more
HIGH-TECH IN THE KITCHEN
2008-05-30
The demand for high-tech appliances to do the work for us has never been greater. Many companies are developing products with high-tech capabilities that make kitchen work a little easier. Check out some of the latest trends!
Smart... » read more
LOCATION - LOCATION - LOCATION
2008-05-29
Why do agents always say, 'Location, location, location?' Well it may seem like tired advice, but it's still the best when looking for a new home. Why?
There are many things you can change about your home. You can upgrade landscaping... » read more
RISKING IT ALL
2008-05-28
'For Sale By Owner' has the lure of saving commissions. Sellers can place their own sign in the yard and list their home on internet sites. Buyers have the option of peering inside through those internet sites and deciding on which houses interest... » read more
MAKE IT PAY
2008-05-27
Remodeling and upgrading your home can be an expensive proposition. And it can be very frustrating, contending with the mess and upheaval in your everyday life. The last thing you want to do is over-improve or do projects that have little or no... » read more
HUNGRY, HUNGRY TERMITES
2008-05-26
Unless you purchase a property 'as is' termite inspections and clearance are the norm. This is an important step because some species of subterranean termites can consume 15 pounds of wood per week. Now think of an entire colony attacking your... » read more
DON'T SETTLE FOR LESS
2008-05-25
Price and location are big determining factors when buying a home. But before making your final selection there are some questions you need to ask yourself.
In order to make a decision that you'll be happy with for years to come, make... » read more
Renovations total $20 billion
2008-05-24
Homeowners in Canada's 10 major centres spent nearly $20 billion on renovations last year, according to a survey released yesterday by Canada Mortgage and Housing Corporation. The Renovation and Home Purchase Survey said an estimated 1.5 million... » read more
Housing boom over, says RBC
2008-05-23
Canada's long-running housing boom has ended, with the formerly bubbling markets of Calgary and Edmonton already having gone from hot to not, and with the current hotspots of Saskatoon and Regina to follow, a major Canadian bank says.
» read more
Online mortgage comparisons
2008-05-22
Prospective home owners can easily compare mortgage rates from multiple suppliers through RateSuperMarket.ca, a preliminary version of which launched today. More than 500 current mortgage rates can be compared from top lenders and brokers. Rates... » read more
NCC buys 35 hectares in Gatineau Park
2008-05-21
The National Capital Commission is set to buy more than 35 hectares of private property on Carman Road in Chelsea.
The NCC announced Wednesday it made an agreement in mid-March to acquire the land and has since received approval to... » read more
Get an extra edge
2008-05-20
Are you selling your home and looking for an extra edge?
One option to consider is "home staging" -- merchandising a home for sale -- which can boost its appeal and increase its value.
"Your home is a product you are... » read more
Fixer Upper To One Is Cosmetic To Another
2008-05-19
I receive emails regularly from people wanting to find the diamond in the rough so they can walk away with tens of thousands of dollars in one transaction like all the people on the infomercials.
Everyone wants the quick fixer upper... » read more
Home staging mistakes
2008-05-18
Here, from interior decorator and home staging expert Gabriele Campbell, are 10 common mistakes sellers make when preparing their house for sale. Her new book on how to sell your home, written with Greg Tonn, will be published this month.
» read more
Sellers need solid game plan
2008-05-17
It may be too late to make that list for Santa, but if you're considering moving anytime soon, start with a list, says the author of a new book on how to prepare your home for sale.
Alex Newman, author of Hot Property: Easy Home... » read more
Home-buying sentiment steady: survey
2008-05-16
Two-thirds of Canadians are either negative or neutral about the prospect of buying a home right now, with attitudes varying sharply from province to province, according to a survey released Tuesday.
Asked whether it was a good time... » read more
Canadian home sales to fall 15 per cent this year, Scotiabank says
2008-05-15
Home sales, which have now fallen for four straight months now, will decline by about 15 per cent this year from last year's record level, and the average increase in prices will ease to five per cent, Scotiabank forecast Thursday.
» read more
A quick, fair home sale
2008-05-14
As the spring real-estate season approaches, there are a number of things you can do to improve your chances of selling your property at the best price and under the best terms.
- Choose the right agent: You want to see your house... » read more
Canadian Q1 homes sales drop 6.8 per cent
2008-05-13
Sales of existing homes fell 6.8 per cent to 117,051 units in the first quarter of 2008 compared with the previous quarter, the Canadian Real Estate Association said Tuesday.
The figures were the third consecutive quarterly decline... » read more
Goodbye to the family home
2008-05-12
When my father was 65, he looked around my childhood home and decided it was time to move. It began slowly with family portraits taken off the walls and heirlooms carefully removed from the china cabinet. But soon the furniture began to disappear... » read more
The 'Best Friend-Worst Enemy' Reverse Mortgage Quiz
2008-05-11
Reverse mortgages are not as complex as the decisions that surround these financial and lifestyle wealth management tools.
When a reverse mortgage is the right solution, it is the only choice and, therefore, you must consider it your... » read more
Potential homebuyers back off in fear they can't afford it
2008-05-10
Sixty-four per cent of Canadian adults own their home, but that number could drop as significantly fewer people intend to buy a home in the next two years because they can't afford it, according to new research from RBC Financial Group.
» read more
Reverse mortgage is not for everyone
2008-05-09
It's a tempting proposition: after years of writing cheques to the bank to pay off your mortgage, the bank will write a nice big cheque for you.
That's the allure of reverse mortgages, which allow anybody 60 or older to borrow money... » read more
Construction cools in capital, across Canada
2008-05-08
Ottawa-Gatineau permits off 14.7 per cent in first quarter
The construction boom in the national capital region and across the country is cooling quickly.
The value of building permits issued in the first quarter fell... » read more
Canadian home sales to fall 12% in 2008: CREA
2008-05-07
Canadian housing sales will take a fall this year after reaching a record high in 2007, the Canadian Real Estate Association said Tuesday.
The industry report said nation-wide home sales are predicted to decline 11.5% to 460,900 units... » read more
Cottage market growing
2008-05-06
A second mortgage is not a step most homeowners take lightly. But with more people seeking out second properties, the financing of recreational properties is a growth market.
Mortgage brokers say traditionally lenders saw recreational... » read more
Vast choice of mortgage products a benefit for buyers
2008-05-05
House hunting this spring? You've never had it so good. Interest rates are heading down and choices abound on the mortgage front with new lenders competing with the banks and brokers for your business.
The range of options has seldom... » read more
Gambling on variable rate pays off
2008-05-04
But most Canadians opt for fixed-rate mortgages because of fear factor
Nearly every decision when buying a new home hinges on money. The price of the property, the regularity of the payment, the mortgage term and the amortization... » read more
Beginners get payment break
2008-05-03
A Calgary developer has devised a plan to help first-time buyers come up with a down payment, Derek Sankey writes.
When 25-year-old hair stylist Nicole Estrada and her 22-year-old boyfriend Tayo Diening-Verge went looking around... » read more
Orléans, Barrhaven see values rise as Kanata market stays stagnant
2008-05-02
House prices have stalled in Kanata in the last year as trouble in the technology sector appears to be taking a toll.
Century 21 Canada Real Estate said yesterday that the average sale price of a two-storey house in Kanata rose less... » read more
Cracking the market
2008-05-01
Rising prices, inventory shortage make it tough for first-time home buyers
Rising prices and an inventory shortage are making it even tougher for first-time home buyers to get a foot on the property ladder.
Ottawa is... » read more
Canada's housing boom is 'officially over'
2008-04-30
The Canadian housing boom was declared officially over Thursday.
A slide in existing home sales that started in the West late last year spread to Toronto in the first quarter of 2008, taking the heat out of prices nationwide and... » read more
Purge & stash
2008-04-29
At this time of year, many of us get the urge to purge. But getting rid of stuff is only half the battle. You still have to organize what you keep. For your sorting pleasure, here's a selection of storage solutions.
Box set
» read more
Clock is running out on buyers' claim
2008-04-28
Q: We purchased a condominium unit in Ottawa. The vendor did not reveal on the Seller Property Information Statement that there had been a longstanding water infiltration problem. We are planning to pursue the matter in small claims court to seek... » read more
Large builders investigating advantages of factory-built homes
2008-04-27
Sienna Homes is not the first Ontario builder to explore factory-built homes, and it certainly won't be the last. Last August, the province's largest builder, Mattamy Homes, opened a mammoth 76,000-square-foot factory that can churn out a... » read more
Seven steps to a perfect lawn
2008-04-26
As the snow melts away, impatient homeowners can't wait to begin preening and greening their lawns. Few are keener than Richard Dupuis who devotes at least 90 minutes a week to trimming, fertilizing and tending to the lawn surrounding his Alta Vista... » read more
Can Your Kitchen Pass the Food Safety Test?
2008-04-25
What comes to mind when you think of a clean kitchen? Shiny waxed floors? Gleaming stainless steel sinks? Spotless counters and neatly arranged cupboards?
They can help, but a truly "clean" kitchen--that is, one that ensures safe... » read more
Slide ends housing boom
2008-04-24
The Canadian housing boom was declared officially over yesterday.
A slide in existing home sales that started in the West late last year spread to Toronto in the first quarter of 2008, taking the heat out of prices nationwide and... » read more
Construction permits show slight decline
2008-04-23
Canada's construction sector is facing a clear slowdown in activity after a "banner" 2007, with the value of building permits falling for a fourth straight month. But while growth will be slower, the sector is expected to perform relatively well... » read more
Canada Cuts Rate by 50 Basis Points as Economy Slows
2008-04-22
The Bank of Canada lowered its benchmark rate by half a point to revive an economy that's growing at its slowest pace in 16 years, and signaled more easing may be needed.
Governor Mark Carney and his five deputies cut the rate on... » read more
Mortgages lagging Bank of Canada cuts: experts
2008-04-22
The Bank of Canada is expected to cut its trendsetting lending rate by as much as a further half of a percentage point today, but the credit crunch that has hit consumers in the United States is also limiting how much cheaper borrowing costs are for... » read more
Canada's Dollar Declines Before Central Bank Meeting Tomorrow
2008-04-21
The Canadian dollar fell before the Bank of Canada is forecast to cut its benchmark interest rate a half-percentage point tomorrow to the lowest level since December 2005.
The Canadian dollar has declined 0.8 percent against its U.S... » read more
The Top Ten Ways to Prepare for Retirement
2008-04-20
Planning for retirement, usually a major financial concern for those over age 40, has become even more prevalent now that the huge postwar baby boom generation is moving through middle age.
Various surveys indicate that preparing for... » read more
The 9 Step System to Get Your Home Sold Fast and For Top Dollar
2008-04-19
Selling your home is one of the most important steps in your life. This 9 step system will give you the tools you need to maximize your profits, maintain control, and reduce the stress that comes with the home-selling process:
1. Know... » read more
Prices up everywhere but Edmonton, report says
2008-04-18
Homeowners and homebuyers can expect prices to keep on rising in the months ahead, but at a slower pace, the head of Royal LePage Real Estate Services says.
Phil Soper, president and CEO of the Toronto-based realtor, said Thursday the... » read more
March dip cools a heated market
2008-04-17
Toronto finally saw some mild spring weather last weekend and real estate agents officially welcomed the spring market by throwing open the doors of houses listed for sale. Many house hunters, however, seemed to be off at the park.
It... » read more
The Big clean
2008-04-16
Scrub, wipe and polish. It must be spring and time to sweep away the grime of winter. & Don't forget to recycle
It's been a long, long winter, but spring is making slushy inroads, which means it's time for the annual ritual of spring... » read more
Home-buying sentiment steady: survey
2008-04-16
Two-thirds of Canadians are either negative or neutral about the prospect of buying a home right now, with attitudes varying sharply from province to province, according to a survey released Tuesday.
Asked whether it was a good time... » read more
Real estate affordability to improve, experts say
2008-04-15
Housing affordability is likely to improve this year as house price growth eases and falling interest rates make mortgages cheaper, economists say.
Michael Gregory, senior economist at BMO Capital Markets said housing affordability... » read more
It's a record-shattering real estate market.again!
2008-04-14
Almost any way you look at it, Canada's red-hot real estate market is surpassing all previous forecasts, and piling record on top of record. According to statistics released by The Canadian Real Estate Association (CREA), resale housing broke all... » read more
Real Estate Matters - What's your investment risk tolerance?
2008-04-13
In recent times, we've seen the stock market rise and fall, soar and crash, with investors holding on white-knuckled as the roller-coaster ride continues.
Some people enjoy the exhilaration of what is often an unpredictable... » read more
Ottawa home price increases below national annual average
2008-04-12
While new house prices in Ottawa outpaced the rest of the country in February, the city's real estate continued to lag Canadian growth rates on an annual basis.
Prices rose 1.3 per cent in February, compared to January and well ahead... » read more
Couples with no kids make the best neighbours: survey
2008-04-11
When it comes to making good neighbours, fences have nothing on childless couples and retirees.
A new real estate survey finds more than half of homeowners - fully 58 per cent - see twosomes without tots as ideal next-door denizens... » read more
Ottawa urged to encourage reinvestment
2008-04-10
Three national associations whose members are central to the investment, management, purchase and sale of real property are calling on the federal government to change capital gains tax policy in the 2008 federal budget to encourage reinvestment... » read more
Still growing
2008-04-09
Apartment and townhouse demand spurs big March gain on new-housing construction in Ottawa.
New housing construction in Ottawa jumped 55 per cent in March on strong demand for new apartment and townhouse projects.
For... » read more
Housing sales drop 16.7% in March
2008-04-08
'Challenging weather' among causes cited for Ottawa resale drop.
Sales of resale housing fell 16.7 per cent in March in Ottawa with cold winter weather getting the blame from the real estate industry.
But some observers... » read more
A seller's motto: 'Do as I say, not as I do'
2008-04-05
By now you've probably heard the apocalyptic warnings that Canada's small business sector is heading for a succession crisis of Super Bowl proportions. In the next 10 years, hundreds of thousands of Baby Boomer business owners are expected to try to... » read more
WHEN IT'S TIME TO SELL THE BUSINESS
2008-04-04
The sale of a small, private business, is usually a unique event in the life of a business owner. Selling a company built on hope and hard work can create a strong sense of loss. Therefore, it is not always easy for the owner to decide whether a... » read more
Canadian resale housing sales drop 5.6 per cent in February
2008-04-02
Canadian sales of existing homes were down 5.6 per cent to 38,365 units in February compared with a month earlier, the Canadian Real Estate Association said yesterday.
The CREA report said more than half of the seasonally adjusted... » read more
A Look at Your Landscaping
2008-03-31
Getting the House Ready to Sell
Landscaping
Is your landscaping at least average for the neighborhood? If it is not, buy a few bushes and plant them. Do not put in trees. Mature trees are expensive, and you will not get... » read more
How does your Ottawa child's school stack up?
2008-03-29
In this table, Eastern Ontario schools are listed (on the left hand side of the table) in descending order of their provincial rank (out of 725 schools). Their Overall rating out of ten for the school year 2006/2007 is shown on the right hand side... » read more
Sellers need solid game plan
2008-03-27
It may be too late to make that list for Santa, but if you're considering moving anytime soon, start with a list, says the author of a new book on how to prepare your home for sale.
Aylmer Hull Gatineau | Quebec | Gatineau... » read more
Single women opt for ownership
2008-03-26
The majority of individual Canadian women buying homes are single and financially knowledgeable, according to a national poll by TD Canada Trust. It goes on to note they are most likely to opt for a condominium lifestyle.
Aylmer... » read more
Luxe-for-less home makeovers
2008-03-22
Forget collagen or chemical peels. If you're like many, it's your home that really needs a facelift.
This quarter, Americans are expected to spend $171.1 billion on home improvement, according to research by Harvard University's Joint... » read more
Showing Your House to Homebuyers
2008-03-19
Showing the House
Your house should always be available for show, even though it may occasionally be inconvenient for you. Let your listing agent put a lock box in a convenient place to make it easy for other agents to show your home... » read more
Inflation slows in February
2008-03-18
The rate of inflation slowed further in February to its lowest level in six months, due to less pressure from gasoline prices.
Consumer prices rose at a yearly pace of 1.8 per cent in February, compared with a rise of 2.2 per cent in... » read more
Ottawa housing affordability to improve
2008-03-16
A new study says that the cost of buying and owning housing in Ottawa will moderate this year.
The Royal Bank report said housing affordability in Ottawa deteriorated mildly in the fourth quarter of 2007, but less than the rest of the... » read more
Ottawa housing costs to moderate in 2008
2008-03-15
A new study says that the cost of buying and owning housing in Ottawa will moderate this year. The Royal Bank report said housing affordability in Ottawa deteriorated mildly in the fourth quarter of 2007, but less than the rest of the province and... » read more
Ottawa-Gatineau trails national housing price increase
2008-03-13
The cost of new housing in the Ottawa-Gatineau region rose two per cent in January, compared to a year earlier, one of the smallest increases in the country.
Aylmer Hull Gatineau | Quebec | Gatineau Real Estate Listings... » read more
Starts up, sales down in Ottawa housing market
2008-03-12
Housing starts rose, but sales of existing housing fell in February as the Ottawa economy got mixed signals on the future.
Housing starts in Ottawa increased 5.7 per cent in February to 317 units compared to a year earlier, led by a... » read more
Gains in new house prices beat expectations
2008-03-11
New house prices in Canada gained 0.6 per cent in January from December, for the second month in a row after 16 months in a row of decelerating gains, Statistics Canada said Tuesday.
Aylmer Hull Gatineau | Quebec | Gatineau... » read more
Housing starts continue to surge
2008-03-10
Residential construction in Canada continued to show its independence from the ravaged U.S. market as seasonally adjusted housing starts in February rose to 256,900, from 222,700 units in January, a report from Canada Mortgage and Housing... » read more
Homebuyers more cautious: survey
2008-03-05
The number of Canadians intending to buy a home is at the lowest level since 2002, according to RBC Royal Bank's annual homeownership survey released Tuesday.
Aylmer Hull Gatineau | Quebec | Gatineau Real Estate Listings... » read more
Bank of Canada cuts rate half a percentage point to 3.5 per cent
2008-03-04
The Bank of Canada slashed its benchmark interest rate by 50 basis points to 3.5 per cent on Tuesday, in an aggressive move to buffer Canada from a U.S. economy likely in recession. It is the bank's first cut of more than a quarter percentage point... » read more
Housing Market 'Remarkably Buoyant'
2008-02-29
Canadian real estate markets remain "remarkably buoyant", especially in light of the deepening housing downturn in the United States and the generally softening conditions in most other advanced economies globally, says a national report released... » read more
Canadian homebuilders' profits to shrink, but stay high: economists
2008-02-28
Profits in Canada's residential construction industry are set to fall in 2008 and 2009, but in contrast to the crisis in the U.S. housing sector, they will still stay above historical norms, the Conference Board of Canada said on Thursday.» read more
2007 best year yet for Canadian home sales
2008-02-21
Last year was the best year ever for sales of existing homes in Canada, according to statistics released Monday by the Canadian Real Estate Association (CREA). Records were also set for house prices and new listings.» read more
Apartment building up
2008-02-19
There was an increase in the value of apartment-building activity in the last quarter of 2007, Statistics Canada said yesterday. The agency's composite index reached 157.5 for the period, which was a 0.8-per-cent gain from the third quarter... » read more
Canadian home market safe as houses: CREA
2008-01-28
Canada's resale housing market will remain at or near record levels this year, the Canadian Real Estate Association predicted Wednesday.
The industry group said multiple listing service activity totalled a record 520,747 units in... » read more
RBC follows Bank's lead with quarter-point cut
2008-01-27
Royal Bank of Canada responded swiftly to the central bank's announced rate cut by decreasing its prime lending rate by 25 basis points to 5.75%.
RBC is the first of the big Canadian banks to act following the Bank of Canada's... » read more
Further rate cuts likely, says Bank of Canada
2008-01-26
The Bank of Canada dramatically lowered its growth forecast for the economy on Thursday, and said economic conditions will probably require further interest rate cuts this year.
In its January Monetary Policy Report, the central bank... » read more
Cold outside, but no chill in sales
2008-01-25
With world stock markets roiling this week, many investors are looking at their homes as a safe haven in more ways than one.
"We've had a really quick start to January," says real estate agent Rochelle DeClute of Re/Max Hallmark... » read more
Outaouais needs regional landfill, planner says
2007-11-07
Huge increases in disposal costs and a Quebec law that bans the dumping of garbage in open pits after January 2009 will force the Outaouais to open a regional landfill site or convert its waste into energy, the Pontiac's land-use planner said... » read more
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