A clear-eyed look at the first-time home buyers aid program

Robert McLister, managing editor of Rates.ca, talks about the pitfalls of the government program and why fewer Canadians are likely to take part than anticipated

A clear-eyed look at the first-time home buyers aid programRobert McLister is managing editor at Rates.ca. What is Rates.ca? McLister: Rates.ca compares insurance, mortgages and credit cards from dozens of companies across Canada. By juxtaposing numerous providers, it's easier for consumers to quickly compare terms and find the best prices. How does the new down payment assistance program for first-time homebuyers work? McLister: The…

Multi-suite residential rental market investment at record levels

Technology-based businesses and shared workspace companies remained at the forefront of Canada's office space demand: report

Multi-suite residential rental market investment at record levelsCanadian commercial investment property experienced strong sales in the second quarter of this year, with record-high levels in the multi-suite residential sector, according to a new report. The Canadian Economic Outlook and Market Fundamentals Report by Morguard Corp. said investors looked in the multi-suite residential rental market to increase their exposure to sectors that had…

Canada’s multifamily housing market robust: report

Vacancy rates below 10-year average, rents on the rise: CBRE

Canada’s multifamily housing market robust: reportCanada’s multifamily housing market is the most robust it has ever been, , according to CBRE’s new Canadian Multifamily Mid-Year Update. Apartment buildings are practically full from coast to coast and rental rates are at or near 10-year highs in almost every market, according to CBRE. The commercial real estate firm’s report said the national…

Charting a sound commercial real estate course in rough waters

Guy Huntingford of NAIOP Calgary talks about the resilience of local developers in the face of a changing economy

Charting a sound commercial real estate course in rough watersGuy Huntingford is director of strategic initiatives at NAIOP Calgary. What is NAIOP and what does it do? Huntingford: NAIOP Calgary is a chapter of an international organization that’s headquartered in Washington D.C. NAIOP is the commercial real estate development association. It’s the leading organization for developers, owners and related professionals in retail, office, industrial…

Calgary real estate market heating up: report

City could be classified as a sellers’ market in July, along with half of the nearby municipalities: Zoocasa

Calgary real estate market heating up: reportAfter several years of quieter real estate demand and activity, it appears Calgary and surrounding regional markets are in store for an uptick, says a report released on Wednesday by real estate technology firm Zoocasa. A hotter pace is already noticeable in the Calgary real estate market, said the report. “According to new analysis by…

Have island, will rusticate

Interest in owning islands is on the rise. Are people seeking the quiet life or simply trying to escape societal woes?

Have island, will rusticateBorn and raised to the age of eight in the largest, noisiest, sharpest-elbowed city in Canada, I gave no thought to the pastoral life of country folk I’d occasionally see on CBC television during the supper hour. All that began to change in 1971 when my father managed to acquire a 10-acre piece of land…

CMHC nudging more aggressively into housing market

The risk of housing price declines piles onto the risk CMHC already takes on when insuring mortgages

CMHC nudging more aggressively into housing marketCanada’s federal government will soon participate in the property bubble in a direct, equity-owning way through its new First-Time Home Buyer Incentive. But the merits of the program are questionable. Since the end of the Second World War, it’s been federal government policy to help low-income would-be home buyers via Canada Mortgage and Housing Corp.…

App gives real estate relationships a leg up

Tarynn Liv Parker of Listing Llama talks about helping people build a real connection with a realtor before listing or buying a home

App gives real estate relationships a leg upTarynn Liv Parker is CEO of Listing Llama. What is Listing Llama and what does it do? Tarynn: Listing Llama is a free app available in the Apple App Store, Google Play Store and online at listingllama.com. Our free tool helps home buyers and sellers to find the realtor who is right for them. It…

Why mortgage pre-approval should always be the first step

Jacob Black of RateSupermarket.ca talks about taking the uncertainty and disappointment out of the home buying process

Why mortgage pre-approval should always be the first stepJacob Black is the managing editor for RateSupermarket.ca. What is the cost of homeownership in Calgary compared to other major Canadian cities? Black: Calgary is the sixth-most expensive city to live in, according to our data. You would need to be in the top 25 per cent of income earners in Canada to buy a…

Millennials starting to drive recreational property market

New buyer demographic comes with different lifestyle and property criteria than those of their boomer counterparts: RE/MAX

Millennials starting to drive recreational property marketThe majority of millennials are in the market to purchase a recreational property, according to a new RE/MAX survey conducted by Leger and released on Thursday. The survey found 56 per cent felt that way compared with 42 per cent last year in the survey. The real estate company said the increase in buying intentions…
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