Highlights / real estate

Economy, Immigration & Refugees, International, Politics, Society

Money laundering and real-estate in B.C and Canada

Over $7 billion in criminal money laundered, inflating housing prices Last year an investigation revealed vast sums of money being “laundered” through casinos in the west coast province of British Columbia. Former Royal Canadian Mounted Police deputy commissioner Peter German »

Economy

March home sales plunge, average prices down too

The number of homes sold in March plunged nearly a quarter and the average price of a Canadian home sold last month was just over $491,000, a 10-per-cent drop in the past year, according to the latest market survey released »

Economy, Politics, Society

Nova Scotia to help with first time home buying

Most of the news from Canada involving home purchases these past couple of years has involved stories dealing with the skyrocketing prices in major cities which seem to be rising month after month. For most low and middle income earners, »

Economy, International, Society

The last gas station…going, going…

The major west coast port city of Vancouver, is a busy, bustling, high-rise, urban and commercial centre.  But the centre of that centre is soon to be without any place for motorists to fill their gas tanks. No gas stations »

Economy, Society

Canada’s hot housing market: Conundrum-sell now, not sell; buy, don’t buy

A new poll commissioned by the Canadian Imperial Bank of Commerce (CIBC) finds the overheated housing market is creating some indecision among home owners as to whether to sell,  buy, or stay as they are. The poll was to determine »

Society

Commercial property sales soar in Vancouver

While the residential housing market cools in the western city of Vancouver, commercial property sales have jumped. The Remax real estate company reports that 1,464 commercial properties sold in the first half of 2016 compared to 1,138 in the same »

International, Society

Tax department to investigate real estate speculators

The minister responsible for tax revenues has asked for an investigation into real estate speculators following reports of possible tax evasion and fraud. The Globe and Mail newspaper has reported extensively on the real estate market in the western city »

Economy

British Columbia and Ontario drive steep rise in Canadian housing prices

The average price of a Canadian home sold in January rose by 17 per cent to $470,297 compared to the same month a year ago, according to statistics released Tuesday by The Canadian Real Estate Association (CREA). But these numbers are »

Uncategorized

House prices in Canada, far above reality

A new Economist magazine says Canada is among an exclusive, but certainly not enviable club of seven countries where the housing market is dangerously over-valued.  National average housing price in Canada in March = $439,144   (Canadian Real Estate Assoc.) The »

Economy, International

Canadian pension fund to invest in China

The Canadian Pension Plan Investment Board (CPPIB) has signed a joint venture deal with a Chinese developer in a major real estate project in Suzhou. The city with its population of some 10 million, is the fifth most affluent in »