Daily Market Update

by REP13 Jan 2015
MoneySense gives market outlook for 2015
Sooner or later, mortgage rates will rise and house prices will start to moderate, according to MoneySense Magazine. Why this is the year the market will finally start to turn? Find out in the full story here.

Calgary real estate market slowing down
The first signs of an economic slowdown in Alberta are beginning to appear. Home sales in Calgary, Canada’s oil capital, are falling even as listings rise, according to January data provided by the Calgary Real Estate Board. Month-to-date data show sales for January are down 34% from a year ago, while listings are up 22%.  Read the full story here

Cheapest day to buy a house approaching
According to a local Realtor, wannabe homeowners should line up on January 20, the cheapest day of the year to buy houses. 

A Toronto real estate company analyzed five years of data to come to this conclusion. “The savings amounts to a lot for the buyer,” said Rokham Fard, chief marketing officer of TheRedPin.com, adding he calculates the discount at about $20,000 on a Toronto home compared to the second cheapest month, July.' Read the full story here.

Canada Pension Plan Board teams up with Chinese company
The Canada Pension Plan Investment Board has finalized a joint venture that will see the  CPPIB commit $234 million to jointly develop the Times Paradise Walk project in Suzhou, which has a population of 10 million. Read more details on the project in the story here



Is a Toronto foreign sales tax a good idea?