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When you buy a home, you don't buy a national market, or even a provincial, regional or municipal one. You buy one property in a local market. What's happening in your area could be completely different from that in another province, or certainly at the other end of the country.
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How many of us actually are?
It was fun for home owners while it lasted.
When it comes to housing in Canada, no one is in worse shape than single women and mothers. That's according to data released by the Canada Mortgage and Housing Corporation (CMHC) whose latest report,...
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Residents of Toronto and Vancouver ought to ask themselves why they're still living in those cities, when they could buy prime Roman real estate for cheaper. A map released by commercial real estate c...
TORONTO - Homeowners who choose the convenience of city life over the more generous living space in suburbia are driving Canada's real estate market, according to a new report jointly produced by cons...
The International Monetary Fund (IMF) is reminding Canada that its overvalued housing market remains a vulnerability, even as it expects the economy to grow this year and next. The IMF encouraged "con...
BuzzBuzzHome: During a viewing appointment in late July, Antonios Tsatsakis cracked open the door of a two-bedroom suite in Toronto, and was greeted by a young man clad in only a towel. Empty beer bot...
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TORONTO - More young Canadians believe owning a home is a very good investment, according to a new RBC home ownership poll.It says 86 per cent of those aged 25-34 believe owning a house or condo is a...
OTTAWA - Canada Mortgage and Housing Corp. is raising the rates it charges to insure mortgage loans by an average of 15 per cent.The federal agency said Friday that the new premiums will go into effec...
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Over the last month, every client I've met with has been asking when the spring market officially begins, and whether they should list now or wait until later on. This is a difficult question, as there are many factors that contribute. A close analysis of both the overall market and the local competition is the best way to come up with a selling strategy.
Another thing condo owners do to try to differentiate themselves is spend thousands of dollars on upgrades. This is usually a bad investment as only a fraction of that is recouped when the condo sells. Industry data shows that similar sized units sell for similar prices, regardless of any upgrades done.
If anything, the housing market has improved, with prices consistently going up and properties selling at a good rate. Why have all these experts been wrong? It isn't all about dollars and cents and what can give the best return on investment. Instead, emotions play a large role in the home-selling process, and they may ultimately prevent or at least delay any slowdown in Canadian real estate.
TORONTO - The number of Canadians expecting to buy a home within two years has dropped dramatically even though overall confidence in real estate remains strong, according to an annual survey publishe...