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Why should Vancouver be the only budding housing bubble in the country...time to spread the fun to the rest of the country, which seems to be almost single-handedly bucking the real estate trend in the rest of the world...:eek:
Ohhhhhh Canada...
Ohhhhhh Canada...
Canada’s Currency Strengthens on ‘Very Strong’ Housing Report
Dec. 7 (Bloomberg) -- Canada’s dollar rose for the first time in four days, reversing an earlier loss, after a government report showed building permits jumped by 18 percent, more than economists projected...
...The total value of building permits issued by Canadian municipalities increased to C$6.12 billion ($5.76 billion), Statistics Canada said today in Ottawa, the highest level since September 2008. Economists in a Bloomberg survey predicted a 1 percent gain...
...Bank of Canada Governor Mark Carney’s pledge to freeze record-low borrowing costs through June may be raising the chances of a bubble in home prices even as it helps the economy recover from its first recession in 17 years.
Sales of existing houses rose 74 percent in October from the January low, with prices up 21 percent from a year ago to a record C$341,079, partly because of Carney’s promise -- the only date-specific commitment from a Group of 20 central banker...
Housing sales across Canada are set to reach new highs
Last Updated: Thursday, December 03, 2009 | 08:02 PM EST
Financial Post
TORONTO - November housing sales across the country are set to reach new highs based on fresh data from the country’s two most expensive markets.
The national numbers from the Ottawa-based Canadian Real Estate Association are not due out until mid-December but the Toronto Real Estate Board said yesterday it had its best November on record.
Toronto’s news came on the heals of a Wednesday release from the Real Estate Board of Greater Vancouver that said sales activity in the city rocketed up 252.7% in November from a year ago.
What the latest numbers will likely mean is an improvement in the national average sale price, which was up 20% in October from a year ago — the largest such increase in two decades. The two cities tend to skew the national average price up or down, based on levels of sales activity...
X marks the spot for condomania's return
With just a handful of units left in its stylish X condominium now under construction downtown, Great Gulf Homes and Lifetime Developments has decided to release a second phase for the infill development tomorrow.
This will add roughly 478 suites to the community – situated at Jarvis and Charles streets, just south of Bloor Street [Toronto]. The new 42-storey tower will stand just south of its sister tower, X, The Condominium...
...It seems Mr. Brown isn't the only one excited about X2. Earlier this week, scuffles broke out among competing lines of real estate agents and brokers, some of whom had been lined up on the sidewalk since Nov. 15 for a chance to get first crack at the condos...
Dec. 7 (Bloomberg) -- Canada’s dollar rose for the first time in four days, reversing an earlier loss, after a government report showed building permits jumped by 18 percent, more than economists projected...
...The total value of building permits issued by Canadian municipalities increased to C$6.12 billion ($5.76 billion), Statistics Canada said today in Ottawa, the highest level since September 2008. Economists in a Bloomberg survey predicted a 1 percent gain...
...Bank of Canada Governor Mark Carney’s pledge to freeze record-low borrowing costs through June may be raising the chances of a bubble in home prices even as it helps the economy recover from its first recession in 17 years.
Sales of existing houses rose 74 percent in October from the January low, with prices up 21 percent from a year ago to a record C$341,079, partly because of Carney’s promise -- the only date-specific commitment from a Group of 20 central banker...
Housing sales across Canada are set to reach new highs
Last Updated: Thursday, December 03, 2009 | 08:02 PM EST
Financial Post
TORONTO - November housing sales across the country are set to reach new highs based on fresh data from the country’s two most expensive markets.
The national numbers from the Ottawa-based Canadian Real Estate Association are not due out until mid-December but the Toronto Real Estate Board said yesterday it had its best November on record.
Toronto’s news came on the heals of a Wednesday release from the Real Estate Board of Greater Vancouver that said sales activity in the city rocketed up 252.7% in November from a year ago.
What the latest numbers will likely mean is an improvement in the national average sale price, which was up 20% in October from a year ago — the largest such increase in two decades. The two cities tend to skew the national average price up or down, based on levels of sales activity...
X marks the spot for condomania's return
With just a handful of units left in its stylish X condominium now under construction downtown, Great Gulf Homes and Lifetime Developments has decided to release a second phase for the infill development tomorrow.
This will add roughly 478 suites to the community – situated at Jarvis and Charles streets, just south of Bloor Street [Toronto]. The new 42-storey tower will stand just south of its sister tower, X, The Condominium...
...It seems Mr. Brown isn't the only one excited about X2. Earlier this week, scuffles broke out among competing lines of real estate agents and brokers, some of whom had been lined up on the sidewalk since Nov. 15 for a chance to get first crack at the condos...
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