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A lakefront summer home in Canada still costs less than it did in pre-recession times but as the days warm up, so does the market.
The RE/MAX recreational property report says prices have been rising on increased demand over the past three
North Okanagan realtors believe the current sales market is stabilizing.
New listings rose 12 per cent in April over last year at this time (from 487 to 548), inventory rose seven per cent (to 2,558 from 2,378 in March) and sales have incr
Most people will not believe that. However, most people did not believe me when I said that the market is starting a correction in the last quarter of 2006 either.
OTTAWA - The Canadian economy grew for the sixth straight month in February, led by the manufacturing sector.
Gross domestic product rose 0.3 per cent during the month, Statistics Canada said F
OTTAWA —The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. The Bank Rate is unchanged at 1/2 per cent and the deposit rate is 1/4 per cent.Global economic growth has been
The Bank of Canada is on course to become the first among Group of Seven central banks to begin raising interest rates, underscoring the country’s enviably strong position and putting an exclamation point on a wave of hotter-than-expec
VANCOUVER — New home construction in B.C. has picked up significantly from a year ago, according to a report released Monday by Canada Mortgage and Housing Corporation.
The report by Canada’s national housing agency said that i
VANCOUVER — A flood of new property listings in the Greater Vancouver region has helped to put the market into balanced territory between buyers and sellers, the Real Estate Board of Greater Vancouver said Tuesday.
The board said own
OTTAWA – Canadian housing prices rose in January, but the 0.5% increase over the previous month was the smallest recorded since prices began rising nine months earlier.
Resale prices were up 7.5% from January 2009, according to the T
Interest rate hikes by central banks in Canada and the United States should not threaten the current rally in equities, though a quick surge in longer-term bond yields could knock it back, analysts said Monday.
“Rate hikes are coming
Canada's dollar touched the highest level since January as the outlook for the global economy burnished the appeal of currencies tied to growth, pushing investors out of such havens as the U.S. dollar and the yen.
The Canadian currency on
OTTAWA -- Canada's economic recovery picked up speed in the final quarter of last year, growing by a better-than-expected five per cent and putting pressure on the Bank of Canada to begin raising lending rates sooner than planned to keep a lid on
British Columbia's commercial real estate market is starting to look more like a seller's market moving through 2010, with more capital available for investors, and investors willing to accept lower returns, according to one commercial realtor.
OTTAWA — Figures released Wednesday may suggest a slight retreat in Canada's red hot housing market, but most analysts expect there's more froth ahead before the bubble — if there is one — finally bursts.Numbers released by the Canadian
Existing home sales declined on a monthly basis for the first time
in more than a year but it may only be a temporary decline as new
government regulations are expected to boost the spring market. The
Canadian Real Estate Asso
OTTAWA — New home prices continued to rise in December, Statistics
Canada reported Thursday, as low mortgage rates helped spur purchases.The federal agency's new housing price index rose 0.4 per cent during the month, matching
OTTAWA -- 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.
TORONTO -- Canada's currency firmed against the U.S. dollar Tuesday
as risk appetite was whetted by reports of European rescue efforts for
debt-strapped Greece.
Markets were jittery over a flurry of
headlines throughout t
The Canadian Real Estate Association now says 2010 will be a record year for home sales.
The
Ottawa-based group, which represents about 100 boards
OTTAWA -- Housing starts rose 5.9% in to a seasonally adjusted rate of 174,500 units from an upwardly revised 164,800 units in November, Canada Mortgage and Housing Corp. said Monday.The number of starts in December beat expectations of analy
TORONTO -- Although more than three-quarters of Canadians still believe we are in recession, more than half believe 2010 will be the year the economy turns around, a huge increase compared to 2009, an Economic Club of Canada/Pollara Strategic Researc
The Canadian currency gained, approaching the strongest level against the U.S. dollar since October, as a rally in crude oil spurred demand for assets that historically benefit when the global economy expands.Canada's dollar advanced against
Oil and energy stocks up, while forecast looks ever brighter in U.S.The Toronto Stock Exchange eked out a small gain in a slow day of trading Wednesday, as oil prices gave energy stocks a slight boost.On the second-last day of trading
OTTAWA -- Resale prices for Canadian homes rose for a sixth consecutive month in October -- and were up on an annual basis for the first time in nearly a year -- as the country's real estate market continued to recover from recessionary lows, accordi
OTTAWA - Most Canadians say they were at least somewhat affected by the recession in 2009, but an overwhelming majority are optimistic about the economy heading into the new year, shows a new poll.Sixty-five per cent of Canadians said the eco
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