Week of January 29, 2012

 

 

D.R. Profit Beats on Higher Home Orders

D.R. Horton Inc., (DHI-N14.390.271.91%) the top U.S. homebuilder, posted a first-quarter profit that beat market expectations, helped by a surge in orders indicating a stabilizing housing market, and said it was looking at spring selling season with “cautious optimism.

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Why That Condo Rental Might Not Work

Toronto condominium investors might find themselves disappointed in rental rates, according to a new survey.

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Maybe You Shouldn’t Lock in Your Mortgage Rate Just Yet

It’s never looked more attractive to lock in your mortgage rate for five years but news the U.S. Federal Reserve won’t be hiking rates until the end of 2014 should make you think twice.

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Canadian Home Prices Slide for First Time in a Year

OTTAWA — Canadian house prices dropped in November for the first time in nearly a year, according to the monthly Teranet-National Bank house price index released Wednesday.

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Calgary Commercial Sector Outperforms Country

Calgary commercial real estate will continue to evolve into one of the strongest markets in 2012, according to a new forecast by Avison Young.

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Week of January 22, 2012

 

 

U.S. Home Sales Hit 11-Month High

Sales of previously owned U.S. homes rose to an 11-month high in December and the supply of properties on the market tumbled to a near 7-year low, pointing to a nascent recovery in the housing market.

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Moderate Growth Eases Concern of Crash in Housing Market

Canada’s real estate market is growing at a snail’s pace, reinforcing hopes the housing sector will glide to a soft landing instead of crashing.

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Buy Now to Get an Unheard-of Rate for a 10-Year Mortgage

There’s a brilliant reason to get into our expensive and quite possibly weakening housing market right now.

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Canadians Fuelling Phoenix Housing Recovery

Bob Major returned to Phoenix in October in search of more bargains like the four empty houses he bought in 2010 at rock-bottom prices. The retired builder from Vancouver instead found real estate about 20% higher and stiff competition.

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Scotiabank Set to Sell Bay Street Tower; Landmark Could Fetch $1-Billion

The country’s second-tallest skyscraper is poised to go on the auction block, and Canada’s commercial property market is so hot that the Toronto tower may fetch a $1-billion price, shattering the previous record for an office complex. 

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Week of January 15, 2012

 

Bank Chiefs Sound Alarm Over Housing Market

Canada’s housing market is showing signs of peaking, one of the country’s biggest lenders said, as the banking sector expresses more
caution about the outlook for real estate in the coming year.

Toronto Real Estate Market ‘the hottest:’ BMO

Toronto “is starting to stand out as the hottest real estate market right now,” following the release of December sales figures, BMO Nesbitt Burns economist Robert Kavcic says.
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TD Predicts Trouble for B.C. Real Estate, Toronto Condos

British Columbia and Ontario could both face some real estate troubles over the next two years, though economists don’t foresee a bust in
Canada’s housing market.
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Is Real Estate Overheated? The Bubble Discussion Rages On 

Earlier this week several heads of Canada’s biggest banks warned about a possible correction in the housing market. The comments, delivered at an industry conference in Toronto, were perhaps not unexpected given that senior policy makers including Bank of Canada Governor Mark Carney have been saying pretty much the same thing for the past year.
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