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Because it’s been Awhile Since We’ve Heard an American Comparison

May 31st, 2013
Ever since we all watched the housing market across the border crumble under complete collapse in 2008 we haven’t been able to keep ourselves from making our own comparisons. Are we as bad off as they were? Are we doomed to the same fate? And no matter how many times experts and analysts say that we are not like the States, still we disbelieve. Now, there’s another argument that’s here to per ...

Condo demand stronger among older Canadians: BMO

May 31st, 2013
Think the condo market is a young man's game? Think again, a report from BMO says the demand among potential homebuyers for purchasing a condo is greater for Canadians over the age of 50.

http://www.bnn.ca/News/2013/5/30/Demand-for-condos-stronger-for-older-Canadians-BMO.aspx#.Uakm0ftV8Wg.facebook


https://www.facebook.com/BradHermanRealEstate?ref=tn_tnmn

CMHC contracts business on cues from Ottawa

May 31st, 2013
Canada Mortgage and Housing Corp. (CMHC) is continuing to shrink its business, as the government seeks to reduce its exposure to the housing market.

http://www.bnn.ca/News/2013/5/30/CMHC-contracts-business-on-cues-from-Ottawa-.aspx#.UakmuAjYa6w.facebook


https://www.facebook.com/BradHermanRealEstate?ref=tn_tnmn

B.C. rejects Northern Gateway as currently planned

May 31st, 2013

The British Columbia government is reiterating that it cannot support the controversial Northern Gateway pipeline in its current form.

http://www.bnn.ca/News/2013/5/31/BC-rejects-Northern-Gateway-as-currently-planned.aspx#.UakmBW7qF40.facebook


https://www.facebook.com/BradHermanRealEstate?ref=tn_tnmn

Canadian economic growth gains steam

May 31st, 2013

The Canadian economy is showing signs of life, after posting lackluster growth in the back half of last year.

The economy grew at an annualized pace of 2.5 percent in the first quarter, Statistics Canada said in Friday, its strongest rate of expansion in six quarters and comes after posting growth of just 0.9 percent in the fourth quarter of last year.

Economists were expecting 2.3-percent ...

Luxury priced at nearly $4 million

May 31st, 2013

As you lounge in the solarium overlooking the lake, drinking your cappuccino before taking a dip in the heated indoor pool, it would be easy to forget you are living in the winter city of Calgary.

Sales of luxury homes priced at more than $2 million continue to grow in the Calgary region, but it is unlikely you will find many like this European-style custom build — a dream home built by its ...

MORNING NEWS RUNDOWN

May 31st, 2013
Here is your Morning News Rundown for Friday May 31st:

http://www.crebnow.com/morning-news-rundown-may-31-2013/?utm_source=dlvr.it&utm_medium=facebook


https://www.facebook.com/BradHermanRealEstate?ref=tn_tnmn

Canadian realty market on steady ground: Economist

May 28th, 2013

Despite the recent slowdown in the Canadian housing market, there is no reason to believe the country is heading for a full-blown downturn, Peter Norman, Chief Economist, Altus Group tells BNN(AIF-T 8.07 0.00 0.00%).

Canada has seen three major housing downturns in the last three decades including one in Calgary in 1982, another in Southern Ontario in early 1990s, and in Vancouver in 1998.

...

Keystone ‘no’ could delay $9B in investment: RBC

May 28th, 2013

More than $9 billion of oil sands investment is at risk in the next seven years – of which $2.4 billion could disappear altogether – if the Keystone XL pipeline is cancelled or further delayed, says a report from RBC Dominion Securities.

The report, released Monday, builds on an earlier RBC analysis that warned that as much as a third of oil sands growth, or 450,000 barrels a day, could be p ...

Flaherty sees no 'doom and gloom' in housing market

May 28th, 2013

There's no "doom and gloom" in Canada's housing market, Finance Minister Jim Flaherty said on Monday, suggesting he sees a soft landing rather than a U.S.-style collapse as demand and prices cool.

"When I look at the housing market, I'm looking for the 'doom and gloom.' I don't see the 'doom and gloom,'" Flaherty told reporters, referring to market players who predict Canada has a housing bu ...

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