Single Canadians reluctant to buy homes

RE/MAX survey shows economic uncertainty and expensive home prices are the biggest factors

Single Canadians reluctant to buy homesA national survey of single Canadians indicates they’re reluctant to purchase a home. According to the RE/MAX survey conducted by Leger and released on Tuesday, 52 per cent of single Canadians said economic uncertainty and expensive home prices are the biggest factors impacting their decision not to purchase a home on their own. The survey…

Cleaning up Vancouver’s “rat’s nest of rot”

Single-family houses in the city are now deposit boxes. How did we get here and how can we restore balance?

Cleaning up Vancouver’s “rat’s nest of rot”It’s time for broad review of the dirty money games played in the casinos and on the high streets of the raincoast’s ‘capital' city. B.C. Attorney General David Eby recently reported that upwards of $2 billion in dirty money laundering has occurred in Vancouver casinos and luxury real estate over the past year. He characterized…

Innovative, sustainable custom home designs still draw clients

Kathy Yuen of Phase One Design talks about how to build an award-winning company from scratch, even during downturns

Innovative, sustainable custom home designs still draw clientsKathy Yuen is president of Phase One Design. Tell me about Phase One Design. How it got started, why, where you’re located and what you do? Yuen: Phase One Design is a residential design firm. We specialize in the architecture of luxury custom homes (not to be confused with interior design). How did it all…

Canadian home sales plunge in December

The average MLS sale price of $496,696 was down 4.9% in the final two months of 2018

Canadian home sales plunge in December(Troy Media) Canadian MLS sales fell by 2.5 per cent in December from November, capping the weakest annual sales since 2012, says the Canadian Real Estate Association. According to its monthly MLS report, which was released on Tuesday, CREA said monthly declines in activity since September have fully retrenched its summer rally and returned it near…

Bull market for Canadian commercial real estate continues

Avison Young report said Canada's office sector remained sound in 2018, though softness persisted in Alberta

Bull market for Canadian commercial real estate continues(Troy Media) The 10-year bull market in the Canadian commercial real estate sector continued in 2018, supported by the lowest unemployment rate in at least four decades, says Avison Young's 2019 North America, Europe and Asia Commercial Real Estate Forecast, which was released on Tuesday. “Strong performances in 2017 and 2018 have led to supply…

Provinces, municipalities key to avoiding housing bubble

Zoning, building codes and construction trade regulations all fall under the jurisdiction of these governments

Provinces, municipalities key to avoiding housing bubbleRecently, the Bank of Canada voiced concerns about the Canadian economy, leading it to slash outlooks on future trends. One of the issues contributing to this pessimistic stance is the condition of housing markets in Canada. Housing construction activity and prices are falling after a long period of price increases that fuelled claims of a…

Navigating the cannabis cultivation question when buying real estate

Ryan DeLuca of the Calgary Real Estate Board talks about what a buyer can ask and what a seller must disclose about pot

Navigating the cannabis cultivation question when buying real estateRyan DeLuca is supervisor of training and compliance, member practice, with the Calgary Real Estate Board. What are the biggest potential impacts to the residential housing market of the legalization of cannabis? DeLuca: For some buyers, cannabis cultivation in a property may affect their ability to secure financing or homeowner’s insurance on that property. Some…

Mainstreet Equity records best fiscal year since recession

A return to double-digit growth across all of its key real estate metrics

Mainstreet Equity records best fiscal year since recessionMainstreet Equity Corp. says the apartment rental company managed to not only survive but thrive in 2018, producing its best annual results since the recession began in 2014. For Fiscal 2018, which ended Sept. 30, this included a return to double-digit growth across all of its key real estate metrics. Net operating income grew 12…

Housing collapse in Canada unlikely

Significant differences between Canada today and the 2008-2009 U.S. housing market crash: CPA Canada report

Housing collapse in Canada unlikelyThe biggest risk to Canada’s housing market has always been its most obvious risk: a high household debt-to-income ratio. A report released on Monday by CPA Canada (Chartered Professional Accountants Canada) cited a recent Bank of Canada study estimating that the total household debt-to-income ratio exceeds a record 170 per cent. But it also says…

Buying, enhancing and holding real estate

Anthony Giuffre is founder and CEO of Avenue Living Asset Management. Tell me how Avenue Living started. Giuffre: In the mid-2000s, my business partner and I were reviewing multi-family real estate investment. There were already some major success stories in the buy, enhance value and hold arena, like Boardwalk Real Estate Investment Trust, Mainstreet Equity…
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