Articles tagged with
Housing market

Speculating on presales

By Frank O'Brien The new condominium market in Metro Vancouver is sizzling hot and prices of new concrete condos, the favourite type for investors, have reached record levels. Yet, there remains room for a nimble investor to get in and get out of the new high-rise condominium market quickly and with a tidy profit. This strategy has been rare over...[ read more ]

Canada vs. global credit bubble

By Alyssa Richard THE FORECAST OF the global economy fluctuates more often than not. One day, we hear that China’s stock crash is causing impending doom, and the next we’re told that everything is just fine. The International Monetary Fund (IMF) recently issued a warning about a weakening global economy. It says if U.S. rates rise, the developing world could...[ read more ]

Condos for Families: Why Developers are Building Bigger

By Susan Boyce When the clock strikes midnight on December 31, 2015, it will mark not only the beginning of a new year but a new view on family-sized apartment options. In a move envisioned to ensure homebuyers have access to an adequate supply of larger condominiums, New Westminster will become BC’s first municipality to legislate that new condominium developments...[ read more ]

10 real estate trends to watch for in the Canadian housing market in 2016

By Josh Sherman The Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC) recently jointly released their Emerging Trends in Real Estate report. The annual report identifies what investors should look out for in the Canadian and American real estate markets over the following year, drawing on a vast number of sources. ULI, a nonprofit and research organization, and PwC, the global...[ read more ]

RBC predicts a strong finish for the Canadian housing market in 2015

By Josh Sherman The Canadian housing market has overcome a plunge in oil prices and a wave of new condo units flooding some regional pockets, and according to RBC’s quarterly economic update and provincial outlooks released today, it will continue to rally for the rest of this year. RBC is forecasting that national home resales will increase 5 per cent...[ read more ]

TD expects soft landing for “vulnerable” Toronto and Vancouver housing markets

By Sean MacKay Photo: Steve Jurvetson/Flickr Prices in Canada’s two hottest housing markets have continued to rise sharply in 2015, with home prices in Toronto and Vancouver up 8.9 per cent and 10.3 per cent in June over the same time last year, respectively. But despite market activity that has made headlines across the country in the first half of the year, TD Bank’s economics team...[ read more ]

Risks and rewards of buying pre-construction

By Andrew La Fleur Investing in a pre-construction condo is not without risk. You are effectively buying a contract with the hope that one day this contract will become a piece of real estate that is worth more than the price you paid for it. A lot can happen in three to five years while your condo is being built....[ read more ]

June was the second best month ever for Metro Vancouver home sales

By Michael Aynsley Some 4,375 homes changed hands across Greater Vancouver’s Multiple Listing Service (MLS) in June — the second highest monthly total ever, just 59 transactions shy of the all-time record of 4,434 set in May 2005. According to the Real Estate Board of Greater Vancouver (REBGV), June sales were 29.1 per cent above the 10-year sales average for...[ read more ]