Canada’s housing market is expected to take a breather next year, with price increases returning to single digits in most cities and sales volumes falling after years of record growth.
“The markets are definitely cooling in Canada,” said Derek Holt, assistant chief economist at Royal Bank of Canada. “I think the days of huge price increases [...]
Canadian house prices will continue to rise next year, but at more moderate levels than in 2006, according a report released on Thursday by Royal LePage Real Estate Services.Royal LePage expects low unemployment rates across the country, higher incomes, s
Strong consumer confidence and moderate interest rates to carry over into 2007 and help boost the [...]
The Greater Toronto Area’s resale housing market maintained its strong pace in November as 6,281 homes changed hands during the month, Toronto Real Estate Board President Dorothy Mason announced today.
“The market is holding very steady as we progress through autumn and we are seeing a good level of activity across the board,” Mrs. Mason [...]
The average home price in Canada shot up another 10 per cent in October, and yet there’s a bit of good news on the affordability front for some buyers.
These are the people who have less than a 25-per-cent down payment when they buy a house and thus are required to spend thousands of dollars on [...]
The strong Western economy helped drive investment in residential construction up 7.6 per cent in the third quarter from the same period a year ago. Statistics Canada reports the growth, to $21.7 billion, was due to increases in all three components of residential construction investment — new housing, renovations and acquisition costs. Residential construction investment [...]
Celebrity wrestler Hulk Hogan has taken his $25 million Florida Gulf Coast mansion off the market after six months.
Hogan put the 17,000-square-foot (1,580-sq-metre) house near St. Petersburg up for sale in June after his family bought a $12 million home in Miami Beach to film the third season of their reality show “Hogan Knows Best” [...]
