A fresh dose of the local market. Three times a week.
The year isn't over yet, but you can definitely expect new Market forecast coming this month, telling us how the year did so far and what to expect for 2010. This is the first we're publishing here. The report was done by RE/MAX. More reports coming soon. As economic stability returns to Canadian markets, housing performance expected to accelerate in 2010. The RE/MAX Housing Market Outlook for … [Read more...]
According to this article, the CMCH found a slight increase on rental vacancy. It's just 0.1% increase from last year, not a lot really. Montreal doesn't appear in the list of cities with high vacancy rates. Also, the rental prices for 2 bedroom apartments have also increased accordingly. Here are the details: The average rental apartment vacancy rate in Canada's 35 major centres increased … [Read more...]
According to a report released today by Royal LePage Real Estate Services, Canadians who are considering purchasing their first home are primarily motivated by lower home prices and very low interest rates, but some require confidence in the economy and their employment prospects before they will enter the market. 86% of potential first-time buyers say low interest rates make them more likely … [Read more...]
Canada's housing market shows every sign of having bounced back from its recessionary bottom, with both the number and price of homes rising for the third straight month in April. The Canadian Real Estate Association said homes sales soared 11.2 per cent on a seasonally adjusted basis from March, the biggest jump in five years, and with 34,838 units trading hands, the highest level in seven … [Read more...]
In Ontario: a new tax is being implemented to home sellers. As if they didn't have enough taxes to pay already. Let's just hope this new bill doesn't reach us in Quebec anytime soon. Here is the complete article from the Canadian newswire: The McGuinty government today gave third and final reading to Bill 150, the Green Energy Act, which, when implemented, will impose significant new costs on … [Read more...]
Sit tight, the quarterly market reports will begin to pop-up everywhere! With the end of the first trimester, we will have a surplus of information available from different sources. I've included here the chart for condo and bungalow information nationwide. Montreal is highlighted in green. Click on the image to view the original size. The first report is from Royal LePage. And it … [Read more...]
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