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FP STREET Follow the Money

May 9th, 2012

RBC’s Gordon Nixon weighs in on housing bubble furor

Istockphoto.com/Illustration by Steve Murray, National Post

Istockphoto.com/Illustration by Steve Murray, National Post

Canada’s housing agency said Tuesday there is no compelling evidence of a price bubble based on factors such as household income and interest rates.


The head of Canada’s biggest bank and one of the country’s leading developers said the housing market is not in a bubble, e ...

House prices: 9 reasons not to panic

May 7th, 2012

CB_housing bears

House prices may indeed stagnate or head south for a while, especially in the heated condo markets of Vancouver and Toronto. Those kinds of fluctuations are part of the natural course of markets. But to say house prices are going to crash like they did in the U.S. is a stretch. Here are nine reasons why.

1. Behavioural finance tells us that when extrapolating into the future, people tend to ...

Finding the right home, with or without Mr. Right

April 26th, 2012




I have a single friend sitting on the fence between buying and renting. She’s financially ready to make the leap into homeownership, but hesitant about doing it solo in case she meets someone soon.

Waiting for Mr. Right can derail a number of women’s homeownership plans, according to Sandra Rinomato, a realtor and owner of a full-service brokerage in Toronto.

“I can’t tell you how many ti ...

15-storey building coming to Langley City

April 23rd, 2012

15-storey building coming to Langley City
 charleston.jpg

Charleston Place is proposed for the property at 203 Street and Industrial Avenue presently occupied by China Beach night club. The $55 million commercial and residential development is expected to be complete by 2015.

 

By Brenda Anderson - Langley Times
Published: April 19, 2012 5:00 PM 
Updated: April 20, 2012 4:09 PM

It promises to be a place wh ...

Refinancing

April 23rd, 2012

Bank of Canada takes aim at home equity lines of credit

  Apr 18, 2012 – 7:18 PM ET Last Updated: Apr 19, 2012 9:11 AM ET

MARK RALSTON/AFP/Getty Images

MARK RALSTON/AFP/Getty Images

While the Bank of Canada has voiced its concern on household debt levels in the past, it went one step further Wednesday by voicing concerns about the rapid growth of so-called HELOC’s (home equity lines of credit).


The 
Ban ...

Houses are never just investments

March 26th, 2012
Houses are never just investments



| Jennifer Roberts for The Globe and Mail

For almost 28 years, I have been madly, monogamously in love with the same … house. I love the way the light streams through its copious windows, I love its gleaming hardwood floors, its oak French doors opening to our small pretty garden, its tiny main floor powder room with the curved wall painted a bright poppy shade. It was this powder room and its ...

Housing market strong so far this year: RE/MAX

March 22nd, 2012
 
 

Housing market strong so far this year: RE/MAX

 

 
 

 
The Canadian Real Estate Association said Tuesday that the resale housing market saw a 18.5 per cent gain in August when compared to year-ago levels.
 

The Canadian Real Estate Association said Tuesday that the resale housing market saw a 18.5 per cent gain in August when compared to year-ago levels.

Photograph by: Mark Blinch , Reuters

OTTAWA — The Canadian housing market is off to a strong start this year, wit ...

MORTGAGES

March 21st, 2012

Canadian housing market still hot

 Mar 22, 2012 – 8:51 AM ET

Tyler Anderson/National Post

Tyler Anderson/National Post

Low mortgage rates, strong consumer confidence and some mild weather, helped usher in an early spring buying season, Re/Max said.


OTTAWA — The Canadian housing market is off to a strong start this year, with gains in sales and prices in most major markets, according to a report released ...

TD cuts mortgage rate

March 8th, 2012

TD cuts mortgage rate

 Mar 8, 2012 – 4:41 PM ET

Norm Betts/Bloomberg

Norm Betts/Bloomberg

Toronto-Dominion Bank unveiled a four year mortgage at 2.99% on Thursday, a day after Bank of Montreal unveiled a 2.99% five year mortgage.


Toronto-Dominion Bank is rolling out a four-year mortgage at 2.99% for the second time this year.

The offer is effective March 9.

In January Canada’s second bigges ...

Latest Statistics Package

March 5th, 2012

The latest Statistics Package is now available on REALTOR Link®. For your convenience the press release has been included in this email. To view the full package, please click on the direct link under the release.

The link takes you to our public website at www.fvreb.bc.ca. A reminder to members that you can easily share any FVREB press releases from this site. From the main page, choose the ...

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