Daily Market Update

by REP21 Jan 2015
Jan 20. not so great for Ottawa: OREB president
According to TheRedPin.com, Jan. 20 was the best day of the year to buy property in Toronto but such is not the case in Ottawa, according to the president of the Ottawa Real Estate Board. Find out why in the story here

Record number of homes sell over $3-million in Vancouver
According to numbers from MacDonald Realty, a record number of homes sold for more than $3 million in Greater Vancouver last year, up 31 per cent from 2013. Read the full story here

GoodLife making play at Target locations 
GoodLife Fitness is making its intentions known that it wants to fill some of Target Canada's store locations. Target plans to liquidate its remaining inventory and close all of its 133 stores by May 16. The Target locations would help GoodLife move closer to its stated goal of expanding to 1,000 clubs from its current lineup of 330. Read the full story here

CPR forms partnership with Toronto real estate brokerage
Canadian Pacific Railway Ltd. has formed a partnership to develop its portfolio of surplus real estate, as the company looks for new ways to boost cash flow and shareholder value. The joint venture with Toronto-based real estate company Dream Unlimited Corp. will develop more than 30 unused pieces of CP land in major North American cities, including Calgary, Montreal, Toronto and Chicago. Read the full story here



Is a Toronto foreign sales tax a good idea?