Invest in Canada

Buying property in Canada is still a great deal

Property aimed at the tourist market can be a good long-term investment that also capitalises on short-term rental potential. Tourism in Canada is growing markedly despite the current economic downturn, and mountain and waterfront property in particular is becoming more sought-after, in terms of holiday lets and for long-term or retirement homes.
Potential rental markets and [...]

Optimism returning to housing market

Confidence appears to be seeping back into the housing market, with young Canadians the most optimistic that now is a good time to buy, according to the Royal Bank of Canada’s annual homeownership survey.
Thirty-year-old David Morris, who owns a condominium in downtown Vancouver, is among those actively planning to purchase a home. He’s looking to [...]

Canada’s housing market still in the doldrums

Canada’s housing market continued to deteriorate in January amid declines in both the price and sales of existing homes, particularly in British Columbia, Alberta and Ontario, figures from the Canadian Real Estate Association showed Friday.
While economists do not expect the housing downturn to be anywhere near as severe as in the United States or the [...]

House prices dip in December

The cost of a new house in Canada dipped in December from November, marking the third month in a row that prices have dropped, but rose slightly from a year earlier.
Selling prices by contractors declined 0.1 per cent from November, Statistics Canada said Wednesday. On a year-over-year basis, prices increased 0.4 per cent in December.
The [...]

Housing starts fall 11% in January

Housing starts declined last month in Canada as falling sales for existing homes weakened demand for new construction, Canada Mortgage and Housing Corporation said Monday. Construction began on 153,500 units in January, on a seasonally adjusted annual rate, down from 172,200 the previous month, CMHC said.
Urban housing starts dropped 15.6% to 126,700 units last month, [...]

Condos fire sale offers up to 40-per-cent discounts

try{
var arr_da = document.getElementById(’ad-leaderboard’).getElementsByTagName(’script’);
for(var i in arr_da){
if(typeof(arr_da[i].src) != ‘undefined’ && (/http:\/\/ad\.ca\.doubleclick\.net/.test(arr_da[i].src))){
var str_da_src = arr_da[i].src;
str_da_src = str_da_src.replace(/loc=\w+;/gi, ‘loc=microbar;’);
str_da_src = str_da_src.replace(/sz=\d+x\d+;/gi, ’sz=88×31;’);
str_da_src = str_da_src.replace(/ptile=\d+;/gi, ‘ptile=4;’);
document.write(’<script type=”text/javascript” src=”‘ + str_da_src + ‘”><\/script>’);
break;
}
}
}catch(e){}

Bill Keay
Onni executive vice-president Chris Evans sits in one of the firms’ condos that is on the block. ‘No one could never have imagined the real estate [...]

House prices skewed, CREA says

The Canadian Real Estate Association says the price of your home is not down as much as you think, as long as you don’t live in one of the country’s larger cities.
The Ottawa-based group, which represents 100 boards across the country, says major markets such as Vancouver, Calgary, Edmonton and Toronto are skewing the average [...]

The worst housing news in 26 years

In the six weeks since Vicky and Mike Plover put their house in Kelowna, B.C., on the market, a so-called healthy housing correction has been turned by a crumbling economy into the worst decline in a generation.
House prices in the B.C. Interior region tumbled by 11.2 per cent last month from the previous October, the [...]

Foreign Investment in Canadian Real Estate

Primary responsibility for property law rests with the provinces. In all provinces except Québec, property law has developed through the English common law process. In Québec, property law is governed by the Civil Code of Québec, a Napoleonic Code derivative.
There is no constitutional protection for property rights in Canada. Consequently, property can be expropriated by [...]

Investing in the Canadian Real Estate Market

Like most  western countries, the real estate market in Canada is a mature market that employs hundreds of thousands of people and provides attractive returns to investors. The investor returns are cyclical and are representative of the key economic factors like unemployment, GDP growth, interest rates, etc. Investing in either the residential or the commercial [...]