Blogs

Despite the Bank of Canada's announced rate cut, Finance Minister Joe Oliver has said he will not interfere with the housing market or force banks to lower their interest rates.

Vancouver hit a new record for high end sales in 2014.

Vancouver has been identified as one of the most unaffordable cities in the world in a study of major property markets.

The latest Teranet-National Bank Composite House Price Index revealed a slight drop in Canada's house prices last December. Repeat sales of single-family homes also slipped by 0.2 per cent from the month earlier.

A report from the Globe and Mail revealed that the number one financial resolution is paying off debt. While many people would love to simply pay their bills and be debt free, that's not often the case.

The possibility of exporting liquefied natural gas (LNG) has fueled excitement in three resource-dependent communities in northwestern British Columbia, sending prices for single-family detached homes soaring.

With assessed values for detached houses having more than doubled in Kitimat over a three-year period, this increase arose during the expansion of Rio Tinto Alcan’s aluminum smelter and speculation about LNG projects.

A new record was set for condos and townhouses in Calgary for 2014.

According to the Calgary Real Estate Board, latest figures show an 18 percent year-over-year rise in sales of condos with 17 percent for townhouses. Monthly figures for December showed declines across all sectors; not unusual for the end of the year. Single family sales totaled 708 units in December, a year-over-year decline of 8.3 percent. Meanwhile, total condominium sales also declined by six percent over the same time frame, but overall activity remained consistent with long-term averages.