Archive for January, 2008

Hundreds jammed Alterra Group’s conversion project By Sydnia Yu – The Globe and Mail Last year, the line outside the sales office for the new Network Lofts at Bloor and Islington started at 4:30 a.m. By the time the doors opened at 11 a.m. there were about 300 people waiting to get in and an [...]

What slowdown? 13 of 24 markets report double-digit price increases, led by Regina and Saskatoon CBC News The real estate market in Canada’s major cities enjoyed a record year for sales and prices in 2007, the Canadian Real Estate Association said Tuesday. The industry group said a record 362,934 homes were sold through the real [...]

Garry Marr, Financial Post The resale housing market cracked $100-billion in sales activity for the first time in Canada’s 25 largest markets, according to the Canadian Real Estate Association. The Ottawa-based group said 362,934 units sold last year, a 7.9% increase from a year ago. Annual sales records were set in Regina, Saskatoon, Winnipeg, Toronto, [...]

But demand slumped at the end of the year, signalling a rough start to 2008; average price also hits a new high Lori Mcleod – Globe and Mail The value of existing home sales blew past $100-billion for the first time in 2007, but signs of fatigue late in the year are expected to carry [...]

Resales Top 100 Billion Dollars Garry Marr, Financial Post The value of existing-home sales cracked $100-billion last year for the first time, but realtors maintain they are not getting rich in a real estate market that continues to set records. The Real Estate Association said yesterday there was $118.3-billion in sales in Canada’s top 25 [...]