Daily Market Update

by REP12 Jan 2015
Nova Scotia property prices increase
The cost of owning property in Nova Scotia has gone up ever so slightly. Provincially, total assessments came in at $101.8 billion – with $78.7 billion in residential and $23 billion in commercial property. Across the province, the overall assessment base has increased by about $3 billion from 2014, which is less of an increase than the previous year, according to the Property Valuation Services Corporation. However, a rise in assessment values means a rise in property taxes. Read the full story here. 

December active month for Montreal real estate market
According to the Greater Montréal Real Estate Board (GMREB), 2,203 residential sales were concluded in December 2014, a nine per cent increase compared to December of last year and the most active month of December in the past three years. Read the full story here. 

Would-be-tenants robbed by phony realty
Horror stories from Vancouver as a phony company, Pacific Luxury Realty, allegedly bilked tens of thousands of dollars from would-be-tenants in a Craigslist scam. In what police are calling a "sophisticated con", luxury rentals were reportedly posted on Craigslist, then interested applicants were offered a discount — worth hundreds of dollars — on the monthly rate to tenants willing to pay a full six months' rent up front. Read the full story on the scam here. 

RECO registrar has advice for realtors
Some handy advice for realtors? Education - never stop learning, ever. The  registrar of the Real Estate Council of Ontario (RECO) answers a common question that realtors face from their clients. Read what Joseph Richer had to say in the full story here. 

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