Blog by The Schacter Team

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RBC poll: Home purchase intentions full steam ahead

March 18th, 2010

From RBC.com

Vast majority of Canadians view buying a home as a good investment

TORONTO, March 8, 2010 - Homebuying momentum in Canada continues to gain steam with the portion of Canadians who are very likely to purchase a home in the next two years rising to 10 per cent from seven per cent two years ago, according to the 17th Annual RBC Homeownership Study. Younger Canadians, aged 18 to 24, ...

Home resales down but prices keep on climbing

March 16th, 2010
B.C. sees biggest drop but Ontario posts gain
The Winter Olympics may be responsible for B.C.'s low house resales in February.

The Winter Olympics may be responsible for B.C.'s low house resales in February.

Photograph by: Jason Payne, PNG, Canwest News Service

...

Price of home ownership rose slightly in late 2009, RBC says

March 16th, 2010

The cost of owning a home increased slightly in the final quarter of 2009, with Vancouver remaining the least affordably city in the country, according to an RBC report released Monday.

"While home affordability deteriorated at the national level in the fourth quarter of 2009, the change was relative ...

Vancouver leads decline in February housing sales

March 16th, 2010

Home resales in Canada fell in February for a second straight month, with the biggest drop recorded in Vancouver, although purchases were still up significantly from a year ago, the Canadian Real Estate Association said Monday.

The February decline in Vancouver and other parts of B.C. was offset by "an equally lar ...

Region's housing starts surge over '09 period

March 9th, 2010

But HST, new mortgage rules credited

Home building moved into a higher gear in Metro Vancouver last month as the number of houses started surged to 1,402 units, twice the number posted a year earlier, Canada Mortgage and Housing Corp. said Monday. Starts in the first two months ...

Housing starts bounce back from 2009 lows

March 9th, 2010

February housing starts in Vancouver continued to bounce back from lows reached in 2009, with the number of new units breaking ground doubling last year's tally, according to the Canada Mortgage and Housing Corporation on Monday.

"Of course, last February in ...

B.C. home hunters feeling more motivated

March 9th, 2010

36% say they are likely to buy in the next two years, up from 26% last year, poll shows

VANCOUVER SUN

Sentiment among would-be homebuyers continues to improve in B.C., according to an annual RBC home ownership study released on Monday.

The study reported that 36 per cent of B. ...

How to lose money on real estate moves

March 6th, 2010

Extra costs mount up, eating away at your profit

i have a buddy who figures he made about $100,000 in the housing market in the past two to three years.

that's not a bad take, but i question whether he really made that much money. no, i don't believe he's lying about what he paid for his ho ...

B.C. to lead in housing starts

March 3rd, 2010

37-per-cent increase expected


Housing starts in B.C. will increase this year at the highest rate in Canada, according to the Canada Mortgage and Housing Corporation's Housing Market Outlook Report, released Tuesday.

"The outlook for housing starts in B.C. is similar to the national trend in terms of the fo ...

B.C. construction drops 23 per cent from December to January

March 3rd, 2010

Financial PostMarch 5, 2010

Construction across B.C. eased off in January from the gains seen up to the end of the year, with contractors taking out almost $685 million worth of building permits that month, a 23-per-cent decrease from December.

The drop was mostly in the non-residential sector, where contractors took out only $156 million in permits to build new buildings, down nearly 29 ...

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