Blog by The Schacter Team

< Previous

Remember Y2K? The unfounded fear and panic lives on with HST

August 27th, 2010
If you want to compare the impact that the harmonized sales tax (HST) is having on today's housing market, think back to Y2K. In the 18 months leading up to 2000 there were horror stories galore about the potential impact. Planes would fall from the sky as their onboard computers stopped working on the stroke of midnight. Anything with a computer chip would shut down unless rem ...

Buyers Market in Vancouver

August 25th, 2010

HST cooling housing market: Realtors

August 5th, 2010

Garry Marr, Financial Post · Thursday, Aug. 5, 2010

TORONTO -- Almost half of its real estate agents say the main reason for the cooling housing market is the harmonized sales tax, according to a survey from Royal LePage Real Estate Services.

The company conducted an online-only poll of its realtors at the end of July - almost a month after the HST went into affec ...

Government introduces greater flexibility in renting

August 3rd, 2010

Amendment forbids councils from banning rentals post-construction

New Langley homes will be more competitive

July 16th, 2010

Published: July 01, 2010 2:00 AM

The Fraser Valley will offer buyers of new homes savings, now that the Harmonized Sales Tax (HST) has gone into effect, according to the Fraser Valley Real Estate Board.

Deanna Horn, board president, said "Since the majority of new townhomes and apartments, as well as select, new single-family homes in our region sell for less than $525,000, the new housing ...

National Housing Price Index up for 11th straight month

July 8th, 2010


OTTAWA - Housing prices rose for the eleventh straight month in May, advancing 0.3 per cent compared to the month before and in line with analyst expectations, Statistics Canada reported Thursday.

The gains were led by Regina, where prices advanced 3.4 per cent, and Toronto and Oshawa, where prices rose 0.7 per cent.

Prices fell in Kitchene ...

Real estate numbers are transitory, but value is forever

July 7th, 2010

The only 'news' that matters: the metropolitan population increases 50,000 annually

Real estate news can mean different things to different people. A headline announcing either a dramatic drop or a wild ...

Healthy increase in starts

June 10th, 2010

Huge hikes in Vancouver area while national figures falter

Housing starts across the Vancouver area showed healthy increases in May, posting a year-over-year jump of 150 per cent, according to Canada Mortgage and Hous ...

Banks See A 2.75% Rate Hike In 19 Months

April 15th, 2010


Canadian Mortgage Trends,
Apr. 10 '10
Businessman Consulting Glowing Crystal Ball Economists at the Big 5 banks worked overtime this week, polishing their rate forecasts and fielding calls from reporters.

It seemed every major media outlet in the country ran stories on where interest rates are headed.

Here's what the "prophets'" predict rates will do by the end of next year (2011):

* BMO ...

Home prices up by 19%

April 14th, 2010

The average house price in B.C. climbed 19 per cent to $504,312 in the first quarter of this year from the same period in 2009, the B.C. Real Estate Association said. Residential sales across the province on the Multiple Listing Service system rose 64 per cent to 18,284 units during this period, it said Tuesday.

Assoc ...

< Previous
blog comments powered by Disqus