The first of Canada’s big banks to report quarterly earnings has beaten expectations
With the latest figures from CREA showing that house prices increased again in August; a 2.1 per cent rise year over year; you might expect that consumer confidence in the housing market would also be high but it’s not.
The idea of a tax on those who buy property in the city and leave it vacant was proposed by candidate Meena Wong who moved here 34 years ago from Hong Kong.
We know that prices are increasing faster than incomes, and we know that market conditions are attracting people to become owners, but are too many people overstretching their household finances?
The latest figures from Teranet-National Bank exceeded the historic average for August, with a 0.8 per cent increase for repeat sales of single-family homes.
The average Canadian household has increased its level of debt against disposable income.
Condo owners in one development in Edmonton face the prospect of heavy fines or up to six months in jail if they fail to comply with a city order.
Realtors say that the Chinese quest for prime real estate is pushing up prices in Vancouver to record highs.
The mountain town of Canmore is gaining popularity with purchasers of second homes.
Plans to revitalize the downtown area of Edmonton with a new entertainment arena are beginning to take shape.
The Bank of Montreal’s senior economist Sal Guatieri has questioned how long house prices can continue to increase without a corresponding growth in incomes.