Daily Market Update

by REP15 Dec 2014

Economists expect market cooldown
Economists expect to see a little cooling in Canada’s housing market when November numbers are reported later this morning. The prediction comes just a week after the Bank of Canada indicated the housing market may be overvalued by 10 to 30 per cent. Read the full story

Calgary sees Canada's biggest price growth 
Calgary again posted the country’s biggest annual price growth for repeat home sales in November, the latest Teranet-National Bank house price index shows. The study found that prices in the city rose 9.2% from a year ago, compared with the national average of 5.2% from the 11 major centres surveyed. Calgary Real Estate Board data, through Wednesday, show 533 MLS sales for December, a 7 per cent increase from the same 2013 period. Read the full story here

Strathellen expanding Atlantic retail profile
StratHallen, a corporation that buys retail properties is at it again, this time purchasing  yet another mall in Atlantic Canada. The corporation has properties in Atlantic Canada, and Nova Scotia in particular, including the Halifax-Dartmouth area and Truro. We’re a real estate company that primarily buys retail properties,” he said. “We see an opportunity there to continue to lease some of the vacancies that are there. We haven’t owned property in Prince Edward Island in the past. So, it is also an opportunity for us to own a property that’s in a new region for us.” Read the Full Story here

Winnipeg expected to experience slowdown
Real Estate in Winnipeg might be starting to slow after a decade spent outperforming places such as New York, Toronto and Sydney, Australia, according to Toronto-based rating agency DBRS. The report credits much of Winnipeg's success, and Canada's overall, to conservative banking regulations and an increase in disposable income. Read the full story here.



Is a Toronto foreign sales tax a good idea?