Canadian Housing Market Cooling: Good or Bad for Our Economy?
The Canadian Real Estate Association (CREA) recently reported that the sales of existing homes in Canada, along with year-over-year sales, fell in October from September. This indicates a slowing housing market, most likely due to the recent mortgage tightening rules. Now, is this slight dip in the housing market good or bad for the Canadian [...]
4 Factors Point to Alberta for Real Estate Investments
In a snapshot, Alberta’s demand for housing is strong, the economy is healthy, and the employment rate is rising. If you are investing in real estate, the following four factors indicate that Alberta is a wise choice. Demand for housing Statistics reveal that there is no shortage in demand for housing in Alberta. According to [...]
Spring Housing Trends
We’re just about a month into spring! For rookies and long time property investors – whether you’ve experienced the recent heat-wave on East coast or the unpredictable sun and showers of the West coast – you’ll be interested in the folowing housing market forecast as reported in the Vancouver Sun: Among Canada’s largest cities, Calgary [...]
Toronto, Vancouver Markets To Cool
The robust Canadian housing industry, especially the booming condo markets in Vancouver and Toronto, could be at risk in 2012. CBC brings us the following report, quoting the heads of some of Canada’s biggest banks : Gordon Nixon, president and CEO at Royal Bank told a banking conference Tuesday the Canadian housing market could be [...]
Interest increases in US real estate market
International interest in the US real estate market is on the rise, according to a survey by Association of Foreign Investors in Real Estate (AFIRE). The study showed that 60% of respondents indicated that they would be increasing their investment in the US in the upcoming year. Together, those respondents have a combined $338 billion [...]
Where to invest according to BMO’s Blue Book
BMO has released a report, the BMO Blue Book, which outlines local markets across the country. Unsurprisingly, both Alberta and Saskatchewan are set to lead the pack, with GDP growth expected at 3.0 and 2.9 percent, respectively. Newfoundland and Labrador is also set for a bull market, and led the country last year with a [...]
Soft Landing for Canadian Housing Prices
The housing market is cooling, but it may be exactly what the doctor ordered. With fears of a collapse circulating a cooling-off period such as this one indicates that Canadians aren’t keen on getting too deep in debt. Low interest rates are also keeping buyers in the market, ensuring that a slump isn’t in the [...]
Surrey top investment destination in BC
In the words of Don Campbell, when it comes to real estate investing, “you want your money to go where the people are going to go.” And with that in mind, the Real Estate Investing Network (REIN) has published their list of the top investment towns in BC. Some things that they look for is [...]
Answers to Real Estate Questions You May Have
Over the years, I have gotten many questions in regards to real estate and the real estate market. I compiled some of the more interesting questions I have received and did my best to answer them fully. Is it worthy to invest in real estate? Why? ANSWER: In the last decade, the “average” real [...]
Variable About Face
The age old question stands – Variable or Fixed Rate mortgage which is the best option? There has always been a close race between which is better variable or fixed rate. In recent times one would recommend that variable rate mortgage is unless one is risk adverse then the fixed rate mortgage will always help [...]
Policy Shift
Written by Stephanie Shiu In a dramatic policy shift, the Bank of Canada (BOC) held its overnight rate unchanged at 1 percent, where it has been for the past year. The BOC said on September 7, it saw less need to raise interest rates, and took a more cautious stance about the worsening global economy: [...]
