Laneway houses continue to soar in popularity in Vancouver

December 30, 2013 under Home Buyer Resources
By TIFFANY CRAWFORD, VANCOUVER SUN December 29, 2013 The city of Vancouver says demand for laneway houses continues to grow, with 348 permits to build the rental dwellings issued in 2013. Vancouver requires that laneway houses be rentals, and cannot be run by a strata corporation, in a bid to create more affordable rental options in the city. More than 1,000 laneway house permits have been issued in Vancouver sinc
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Does real estate have anything left to give in 2014?

December 30, 2013 under Home Buyer Resources
Garry Marr | December 17, 2013 | Last Updated: Dec 27 5:14 PM ET At some point, there has to be a housing correction. Right? Some argue there was a correction in 2013, based on declining sales activity. But prices never really followed and by September the market was roaring as consumers raced to buy homes in a climate of fear based on mortgage rates rising in response to the U.S. Federal Reserve easing its bon
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Japan moves close to beating 15 years of falling prices

December 30, 2013 under Useful Articles
27 December 2013 Last updated at 02:01 ET - BBC © 2013 Core inflation excluding food rose 1.2% in November from the previous year, surpassing market expectations. Japan is now more than half-way towards meeting the central bank’s goal of achieving 2% inflation by about 2015. This has been due to a massive monetary stimulus policy aimed at weakening the currency and spurring more spending. Bank of Japan (B
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As the U.S. economy grows, so goes Canada

December 30, 2013 under Useful Articles
Gordon Isfeld | December 23, 2013 9:13 AM ET OTTAWA — The much-anticipated economic jump-start from south of the border is finally kicking in. Canada’s economy expanded more than expected in October, marking the fourth-consecutive monthly increase, with the long-beleaguered manufacturing sector again taking credit for much of the improvement. Gross domestic product was up 0.3% during the month, slightly above
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CMHC draws a line under condo bubble fears

December 30, 2013 under Useful Articles
Andrea Hopkins and Leah Schnurr, Reuters | December 18, 2013 | Last Updated:Dec 27 4:38 PM ET Canadian condominium construction has surged but population growth has kept oversupply in check, the federal housing agency said in a report on Wednesday that also showed declining mortgage arrears and high home-equity levels. In its annual report on the housing market, the Canada Mortgage and Housing Corp pointed to st
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2013 wasn’t a great year financially for most Canadians, survey finds

December 30, 2013 under Useful Articles
Canadian Press | December 16, 2013 8:39 AM ET TORONTO — Sun Life Financial says 2013 wasn’t a great year financially for most Canadians. An Ipsos Reid survey conducted in November for Sun Life found that, overall, 57% of Canadians felt they were not any better off financially than they were a year ago. Those feelings were even stronger among women and those aged 55 and older, with 61% of both groups saying th
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1,000 companies going bankrupt in Italy every day as country faces full-scale ‘credit emergency’

December 30, 2013 under Useful Articles
Ambrose Evans-Pritchard, The Daily Telegraph, National Post Wire Services |March 13, 2013 | Last Updated: Mar 13 11:53 AM ET Italy’s industry chiefs have warned that the country faces a “full credit emergency” as thousands of companies run out of critical funding, threatening a slide into deeper depression. Confindustria, the business federation, said that 29% of Italian firms cannot meet “operational ex
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Canadian household debt ratio climbs to record in third quarter as mortgage borrowing hits $1.13-trillion

December 30, 2013 under Home Buyer Resources
Bloomberg News | December 13, 2013 9:31 AM ET The ratio of Canadian household debt to disposable income rose to a record in the third quarter as consumers increased their mortgage borrowing. Credit-market debt such as mortgages increased to 163.7% of disposable income, compared with a revised 163.1% in the prior three-month period, Statistics Canada said today in Ottawa. Mortgage borrowing climbed 1.8% to $1.13 t
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Toronto housing prices to double over next 25 years, study predicts

December 30, 2013 under Home Buyer Resources
Canadian Press | December 12, 2013 | Last Updated: Dec 12 10:10 AM ET TORONTO — A new forecast suggests fears of a housing bubble and a price collapse are misplaced and predicts rising population and land supply restrictions will result in Toronto house prices doubling over the next 25 years. The forecast by Central 1 Credit Union says higher mortgage rates in the next three years will restrain housing sales
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Re/Max forecasts ‘exceptionally healthy’ real estate market in 2014

December 30, 2013 under Useful Articles
Canadian Press | December 11, 2013 7:40 AM ET MISSISSAUGA, Ont. — Canada can expect an “exceptionally healthy” housing market in 2014 thanks to improvements in the overall economy that helped produce a surge in the latter half of this year, a leading real estate group said Wednesday. Re/Max says that nationally, home sales are expected to climb 2% to 475,000 units next year after a 3% increase to well over
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