By Charles Rusnell, CBC News This house in the Bearspaw district of Calgary was bought for nearly $900,000 and in three years, its value was inflated to $2.3 million, a profit of $1.4 million for the alleged fraudsters. (CBC) The Bank of Montreal is suing hundreds of people in Alberta, including lawyers, mortgage brokers and […]

House prices to cool in 2011, says TD Financial Post  OTTAWA — The latest housing forecast from TD Economics leaves 2010 totals for sales and prices in Canada largely the same as its previous expectations in December, though that masks a wider discrepancy it now expects between a hot first half of the year and […]

HST New housing rebate for new homes purchased as a primary residence- a partial Enhanced new rental housing rebate, same as above rules for new primary residence homes-available to landlords who: 1. Purchase newly constructed or substantially renovated rental housing which is subject to HST, or 2. Construct or substantially renovate their own rental housing, […]

Thank you to members who participated in March’s Market Poll We saw a 27% increase in participation compared to February. The more that participate, the more reflective the data. Here’s what members told us about their buyers in March: Fewer first-time buyers: 30% in March vs. 38% in February. Logically then, we saw buyers overall […]

 Former Grow Op Mould in corners where walls and ceiling meet. Signs of roof vents. Painted concrete floors in the basement, with circular marks of where pots once were. Evidence of tampering with the electric meter (damage or broken seals) or the ground around it. Unusual or modified wiring on the exterior of the house. […]

Housing affordability: the great quandary Why there’s time to wait for the right home at the right price With only Montreal and Vancouver left to cheer for in the Stanley Cup playoffs, many luncheon conversations have returned to the topic of housing prices. Recently, we’ve seen lots of headlines suggesting that house prices have run […]

BUSY HOUSING MARKET MEANS MORE CHOICE FOR FRASER VALLEY BUYERS (Surrey, BC) – The Fraser Valley Real Estate Board’s Multiple Listing Service (MLS®) saw close to record levels of listings in April, in addition to strong sales and prices. Deanna Horn, president of the Board, says, “This is a typical, healthy spring market for the […]

Islands join Greek party Diane Francis, Financial Post  Published: Saturday, May 01, 2010 Greece isn’t a country. It’s a party. The Germans, one of the few groups in Europe who work, are furious. They are balking at the bailout but must come across because a couple of big German banks are on the hook for Greece’s […]

 Hi Cindy>> Thank you to you, Dave and Amanda for organizing the garage sale  > yesterday.   It was a huge success from our point of view with many   > many people stopping buy.  We recovered a few hundred dollars (from   > our original investments of thousands ha ha) and knew that our   > possessions were […]

Highlights   •   Fears of contagion in Europe’s government bond market grew this weak as S&P downgraded the sovereign debt of Greece, Portugal and Spain •   The USD rallied as investors sought refuge in U.S. Treasuries, meanwhile stocks fluctuated as strong earnings counteracted investor risk aversion •   US Q1 GDP recorded solid 3.2% annualized growth, […]