February
Week of February 26, 2012
Why We’re in Trouble if Housing Craters
Household Debt Accumulation
The Canadian household debt burden has climbed ever upward over the last 30 years. That trend generally held globally, amplifying in the years preceding the financial crisis.
———————————————————-
Canada Housing Prices Won’t Crash: Poll
OTTAWA — Canada’s government will make it tougher for many homebuyers to get mortgages this year as it grapples with an overheated property market, according to analysts in a Reuters poll, who also ruled out the prospect that prices could suddenly crash.
———————————————————-
BoC Warns of Potential Home Price Correction
The Bank of Canada is warning of an impending housing price correction, putting Canadian mortgage holders at risk.
———————————————————-
Reprieve From Tighter Mortgage Rules?
A new report confirming consumers have scaled back on their non-mortgage debt may extend investors a reprieve from further tightening of Canada’s mortgage rules.
———————————————————-
More Good News for Canadian Investors in the U.S.
The number of former U.S. homeowners switching to rentals remains a growing trend this year, according to a new poll by Apartments.com.
———————————————————-
Week of February 12, 2012
U.S. Banks Agree to $25-Billion Deal for Homeowners
The biggest U.S. banks will provide about $25-billion in relief to distressed homeowners, as state and federal officials hold lenders responsible for taking illegal shortcuts during foreclosures and for other deceptive practices.
———————————————————-
Condo Strength Propels Jump in Building Permits
A hot Ontario condo market helped boost the value of Canadian building permits to a 4 1/2-year high in December and up 11.1 per cent from November, Statistics Canada said on Tuesday.
———————————————————-
Analysing Toronto’s Real Estate Market: How Can So Many Be So Wrong?
Rarely does a week go by when there isn’t a new economic forecast about the real estate market. For nearly a decade, the negative forecasts have been predicting a 25% decline in house prices while the positive ones have been predicting a “soft landing” for Toronto’s real estate market. Both predictions have yet to come true.
———————————————————-
Investors, Think ‘Property Manager’ Before You Leap: Industry Vet
It’s a hard lesson that one real estate investor is anxious to keep novices from learning the hard way, advising them to make sure a prospective acquisition allows for enough cash flow to hire a property manager.
———————————————————-
Canadians Offer Ho-Hum Economic Outlook
Just under one-third (32 per cent) of Canadians indicate they feel positive about the outlook for the domestic economy over the next year, down from 43 per cent in January 2011.
———————————————————-
Week of February 5, 2012
Prediction: The Canadian Housing Market Will Crash
Is this the year the housing market finally crashes? So far, it sure doesn’t look like it.
———————————————————-
First-Time Investor Tips
It’s been said before, but it bears repeating that the best route for first-time investors is often the route of first-time buyers.
———————————————————-
Tired Sellers Bring Prices Within Reach of Investors
Property investors in Victoria may finally be getting the break they spent much of 2011 searching for, with sellers bringing their price expectations more in line with patient buyers.
———————————————————-
Trump Opens Canada’s Tallest Condo Tower With $6 Million Toronto Suites
Trump International Hotel & Tower Toronto, Canada’s tallest residential building, opens today, capping a seven-year effort to bring the brand of billionaire Donald Trump to the country’s largest city.
———————————————————-
Ivanhoé Cambridge Buys Rental Buildings in London
MONTREAL – For the better part of a year, real estate prices for central London’s choicest addresses have been soaring as hungry buyers pile cash into the British capital.
———————————————————-
