Invest in Canada

Canada housing sales hit record in July

Canadian real estate sales had a record July. July housing sales across the country were the best on record for the month and the largest year-over year increase in two years, the Canadian Real Estate Association said.
The Ottawa-based group, which represents about 100 boards across the country, said there were 50,270 units sold via the [...]

Investors more confident, poll suggests

Canadian investors are increasingly confident, with real estate leading the way, the Manulife Investor Sentiment Index released Thursday suggests.
The quarterly index gained nine points since March and now stands at 20, which is 15 points up from what it was in December, when it hit the lowest level in a decade.
Manulife calculates the index by [...]

Alberta remains best place for real estate investors

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Leap in home building offers hope

Construction of new homes has surged by a surprising eight per cent in June, prompting analysts to say the housing market in Canada has turned the corner and begun recovering.
The annual pace of housing starts rose to 140,700 units in June from 130,300 in May, with the increase in activity spread across different types of [...]

Real estate recovery expected to be tepid

The worst of Canada’s housing market woes appear to be past but the sector’s rebound will be tenuous as a rise in mortgage rates and high unemployment limit the recovery in prices and sales.
Property experts say first-time buyers and Bank of Canada rate cuts have helped restore stability to a market that slumped from late [...]

Is Canada’s housing market tanking or taking off?

The Canadian housing market is beginning to look like a large jumbled puzzle. A week after a report showed the price of an average house had soared to a record high, an alternate report suggested Wednesday prices have in fact declined for five consecutive months.
Both sources are respectable, and their data accurate. But different methodology [...]

Condo resales are on a roll

The new-condo market may be just starting to warm up again but the resale market is hot. Units in highly sought after areas are drawing multiple offers and selling quickly.

The new-condo market may be just starting to warm up again but the resale market is hot, according to May statistics from the Toronto Real Estate [...]

Mortgage rates have bottomed out

Mortgage rates in Canada, which have plunged by almost 50% in the last year, aren’t likely to fall further, said Phil Soper, chief executive of Brookfield Real Estate Services Fund.
“Certainly with the Bank of Canada’s target rate set at virtually zero, there’s very little room,” Mr. Soper said Tuesday at a conference in Toronto on [...]

Home construction rebounds

Construction of new homes picked up a “mind-boggling” 13.7 per cent in March, despite expectations for a continued slide.
Housing starts rose last month to 154,700 units, at a seasonally adjusted annual rate, an increase from the 136,100 pace seen in February, Canada Mortgage and Housing Corp. said Wednesday.
Construction of condominiums in central Canada was mainly [...]

Commercial market rough, but not like it was in the 90s

The commercial real estate market is in rougher shape than it was a year ago but this is nothing compared to the early 90s, according to CB Richard Ellis Ltd.
The real estate company’s annual market outlook was heavy on comparisons to the crash that occurred last decade.
“Whatever this is folks, it is not the early [...]