Daily Market Update

by REP26 Jan 2015
Council warns of Craigslist real estate scams 
The Real Estate Council of B.C. wants agents to use caution before handing over the keys to properties being viewed due to the increasing amount of scams online, namely Craigslist. A CBC investigation into the elaborate scheme has led several victims to come forward, including a woman who lost $6,000. Read more in the full story here

Man duped by Ontario Realtor
And yet another example of shoddy real estate practices, this time in Ontario. Ajit Bains says he was tricked into signing a representation contract with a Homelife Superstars Realtor — leaving him  with a lien on his home and $12,280 in debt. Find out how this happened in the full story here

House prices in Canada to push consumers elsewhere?
With Canadian home prices at their all-time high and the loonie sinking fast against many major currencies, this could be your last chance to jump into another housing market, according to a realtor from ReMax.  The decision to sell up and move elsewhere, of course, isn’t just about real estate prices. Find out more in the full story here

New listings up 39 per cent in Calgary due to oil 
Sales on the MLS system in December in Calgary declined 4.3% from December 2013, while the dollar value of sales dropped 1.3% last month, from $643.3 million to $634.6 million, according to the year-ending report from the Canadian Real Estate Association (CREA). Still what's important is that with falling oil prices, new listings shot up 39 per cent compared to December 2013. Read more in the full story here

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