By Tania Kohut, Global News, July 28, 2016 A collapse of Canada’s housing market could have far-reaching ripple effects. The Canadian Mortgage and Housing Corporation’s (CMHC) latest report warns of “problematic conditions” in the country’s largest housing markets. Overall, there is “strong evidence of overvaluation across Canada,” the report states, with Canada’s hottest housing markets leading the… Continue reading What a real estate crash could mean for Canadians
Tag: Real estate
Ontario should follow B.C.'s lead on taxing foreign homebuyers
By Alexandra Posadzki, The Canadian Press, July 26, 2016 Ontario should follow B.C.’s lead on taxing foreign homebuyers, BMO’s top economist says B.C.’s government surprised many observers on Monday by announcing an additional 15 per cent property transfer tax on foreign homebuyers. BMO Capital Markets Chief Economist Doug Porter called the move “entirely justified” amid persistent double-digit… Continue reading Ontario should follow B.C.'s lead on taxing foreign homebuyers
Why Calgary's real estate prices haven't been hit as hard as the rest of the economy — yet
By Robson Fletcher, CBC News, July 25, 2016 Impacts dispersed as tens of thousands of workers who weren’t engaged in home purchases leave Alberta In the past two years, the price of oil has been cut in half while Calgary’s unemployment rate has nearly doubled. Wages are down. Consumer spending is down. Real estate sales are… Continue reading Why Calgary's real estate prices haven't been hit as hard as the rest of the economy — yet
Average Canadian house price of $503,301 in June up 11.2% from year ago
By CBC News, July 15, 2016 Aggregate price is appreciating at the fastest pace since 2006, realtor group says The average price for a Canadian home was $503,301 last month, a figure that has increased by 11.2 per cent in the past year. The Canadian Real Estate Association said in a release Friday that hot… Continue reading Average Canadian house price of $503,301 in June up 11.2% from year ago
Liberal government silent on pledge to let more homebuyers dip into their RRSPs
By Sophia Harris, CBC News, July 6, 2016 Experts believe a too-hot housing market has killed a popular election promise It was an election promise that made headlines and got people excited. The Liberal Party pledged to make housing more affordable by widening the rules on who could raid their RRSPs to buy a home.… Continue reading Liberal government silent on pledge to let more homebuyers dip into their RRSPs
Canadian Real Estate Association says home sales down month-over-month
By The Canadian Press, June 15, 2016 OTTAWA — The Canadian Real Estate Association says home sales in Canada dropped 2.8 per cent month-over-month in May. The number of sales through the association’s MLS system was down in about 70 per cent of all markets, led by B.C. and Ontario where the number of homes… Continue reading Canadian Real Estate Association says home sales down month-over-month
The million dollar swindle in Kindersley, Sask.
Case features Hells Angels, Florida land-flipping and a luxury cottage in B.C. If nothing else, Joshua Douglas Johnston had nerve. The 36-year-old had pleaded guilty in late 2014 to bilking 13 people in Kindersley of $1.1 million in a complex real estate scam. After pleading guilty, he convinced a judge to give him four months… Continue reading The million dollar swindle in Kindersley, Sask.
320 4th Ave., Dodsland-L201546
$234,000 LEGAL DESCRIPTION: Lot 8 Block 11 Plan G701 SIZE/STYLE & LOT SIZE: Approx. 1008 sq. ft. RTM on a 50’x140’ lot EFFECTIVE AGE: Built in 2014 TAXES: $1200 in 2015 MAIN LEVEL: Back entrance opens to the kitchen and entrance to the basement. The kitchen has eating area and opens… Continue reading 320 4th Ave., Dodsland-L201546