“The pace of homebuilding in Canada will continue to moderate in the last quarter of 2012 and into 2013, while existing home sales should hold steady and prices climb at or just below the inflation rate, Canada Mortgage and Housing Corp says. The federal housing agency’s forecast on Monday for a weaker, but still healthy, […]
“Signs are everywhere that Canada’s long run-up in house prices is over, hit by a combination of tighter mortgage lending rules and growing consumer reluctance to take on more debt. Sales of existing homes are down steeply, with condo sales hit especially hard, and some long-booming prices have started to fall. Sales always slump as […]
This Long Range Strategic Plan for the Niagara Region is key to the real estate investor’s needs. A list of the document’s contents is below. 1.1 What is a Growth Management Strategy? 1.2 Regional GMS Process 1.3 Report Structure 1.4 Report Purpose 2.0 Population, Household and Employment Forecast Methodology 2.1 Population and Household Forecast Methodology […]
“The developer of City Place builds storage units based on demand. Generally their buildings contain 60 to 70 per cent the number of storage units as living units, said a representative for the company. Peter Obradovich, director of operations at Spaces Self Storage, estimates that between 20 and 30 per cent of their business comes […]
“There’s a lot of horror stories circulating lately around the latest data showing that Canadian household debt to income ratio has hit 165% — not just a record high, but also beating the bubble peaks in the United States. Gluskin Sheff chief economist David Rosenberg, however, has taken a closer look at the figures. Here’s […]
“Canadian home prices are up nearly 100% since 2000, according to Euro Pacific Capital. And there are other characteristics that do bear some striking resemblance to America’s housing boom-bust story. Moreover, this comes at a time when the nation’s economic outlook has become uncertain.” (Financial Post: (October 4, 2012). This article provides several charts and graphs […]
“CIBC Deputy Chief Economist Benjamin Tal sounds like he’s getting tired of the comparisons linking the Canadian housing market to a U.S. style crash. Canada is just not going to have a severe crash, he says in a report dubbed ‘Should We Worry About a U.S. Style Housing Meltdown?’” (Financial Post: October 30, 2012). […]
This article theorizes that as the Baby Boomer retire and downsize, there will not be sufficient numbers of buyers to sustain the current real estate market prices, which in turn will cause housing prices to drop; however, theories do not constitute facts. The author failed to account for immigration. So long as current immigration levels […]
“Tough new mortgage guidelines announced last month by the federal banking regulator are aimed at letting some of the air out of Canada’s over-inflated housing market. The trouble is, some of the rules don’t affect credit unions, which make up a significant chunk of the consumer loan market in British Columbia, Quebec and other provinces. […]
“It’s the part of Canada Royal LePage says the commercial real estate industry has forgotten about. The residential real estate company, one of the largest in Canada, said Tuesday it is making a foray back into the commercial sector, but this time it will focus on what it calls the “mid-market” segment of the industry.” […]
