Canadian Real Estate

I just recently received a report for the Teranet-National Bank House Price Index indicating that house prices were up 1.5% in June. Keep in mind, this index is not the same as the average price, but rather and index that tracks the performance of house prices nationally, an index very similar to the Case-Shiller Index in the States.

The report indicated, that the June numbers, at a national level continued the best string of consecutive monthly price increases since October 2006 bringing ...

Last Friday shorthly after the Canadian job report was released, I received a report from the National Bank siting that Canada may have no choice but to raise interest rates in the coming months. The report indicated that with the jobs created in June, the level of total employment reached it's pre-recession peak. The report sites this in contrast to the US still being 5.4% blow peak levels.

The report indicated that the year-over-year growth rate in employment in Canada is now more ...

I read an article recently (although it was written in November 2009) regarding the Competition Bureau Inquiry into CREA (the Canadian Real Estate Associtaion). Many of our readers have asked us to comment on this matter, but unfortunately we have not been asked not to comment on the issue until all know more about what is happening.

However, this article written by REM Magazine describes the situation quite well and appears to be more accurate than other news reports that I have ...

Some of our reader’s have asked that I comment on the recent articles and attention the media has been giving to the recent activities between the Canadian Real Estate Association (CREA) and the Competition Bureau. I wanted to wait a little bit before commenting as the only information that I have had to review is that which the media has reported and I know many times, they are too quick to publish a story before getting all the facts straight.

Unfortunately, at this point in time ...

I am Canadian born and as I get older I am finding out more and more that we as Canadians complain too much. Unfortunately the media does not help by always publishing stories that are not positive. I don't think I have heard one positive comment in the last two months other than after the "Superbowl". What a game!

As I was performing my daily research this morning, I came across an article published in the Columbus Ohio Dispatch entitled "U.S. should look north for fiscal model" ...

Below you will find a re-print of an article I came across in the Realtor(R) Edge magazine published by the Ontario Real Estate Association. It looks at the world recession from a different perspective. Interestingly enough I have had many conversations with friends and collegues where I mentioned that I felt it was the high oil prices at the end of last year that pushed everything over the edge. Enjoy....

The world economy is going down the drain because of some repossessed, boarded ...

Recently the National Bank Financial Group released their “Hot Charts” report. In the report they announced that they are releasing a Repeat Sales Index in partnership with Teranet for Canada that is estimated by tracking observed or registered home prices over time using data collected from land registries. In the United States, one of the most watched measures for national home prices is the S&P Case Schiller index report which is based on a repeat sales index to determine average price.
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An article came across my desk yesterday. It was the September 30th. issue of the CIBC World Markets StrategEcon. The full publication was 12 pages long, but there was one article that really caught my attention entitled "Where's the Trigger for a Canadian House Price Crash?" written by Benjamin Tal.

The first paragraph started out saying that "Every dollar drop in the value of Canadian real estate elevates the level of anxiety about a US-style housing meltdown in Canada. To be sure, ...