Is Canadian Real Estate Market Becoming Overvalued?Apr 15th, 2012
Canadian real estate agents may have recorded the first year-over-year sales drop in 11 months in March, regional data suggest, as the Vancouver market plunged.
The value of purchases reported by 11 regional real estate boards fell 1.1 percent from a year earlier to C$12.4 billion ($12.4 billion), as the number of homes sold fell 1.4 percent, according to real estate... read_more House Hunting in MontrealApr 12th, 2012
"The market in Montreal is vibrant and active," said Liza Kaufman, a partner in Sotheby's International Realty Quebec. Ms. Kaufman attributes the robust housing market in the Montreal area to persistent uncertainty in the stock market, which makes real estate an attractive investment.
Although the market slowed somewhat after its 2008 peak, "prices never really dropped," said Joan McGuigan, a certified... read_more Will Montreal's Gay Village Continue to Thrive?Apr 5th, 2012In a widely published 2007 Associated Press story headlined "Gay Villages disappearing," New York author Don Reuter, researching a book on the rise and fall of a dozen U.S. gay neighbourhoods, rhetorically asks, "What makes these neighbourhoods gay? Not much."
Reuter predicts that outside large gay meccas like New York and San Francisco, neighbourhoods with a significant gay presence will not... read_more Canadian Home Sales Increased in FebruaryMar 15th, 2012
Following a rough start to 2012, home sales in Canada rebounded in February with a modest increase recorded in February from the previous month.
The Canadian Real Estate Association (CREA) said Thursday that homes sale rose by 1.4 per cent between January and February, which helped recover roughly one-third of the 4.5-per cent drop recorded the previous month.
Compared with the same... read_more
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