Daily Market Update

by REP29 Jan 2015
REALTOR® helps engineer score a home on cheapest day of the year 
Alexander Lush, an engineer in Toronto, took advantage of Toronto's cheapest day in the city for real estate, Jan. 20, and came out with a pretty solid buy. After TheRedPin.com predicted home prices would be down some $22,000, many like Lush sought to take advantage of the discounted prices. Find out more about his adventure to find a home in the full story here

Investors capitalizing on low mortgage rates, realtors cashing in 
The crash in oil prices will hammer office leasing in Calgary and Vancouver and will have little effect on the retail sector but is already proving a boon to multi-family investors, according to realtors and analysts close to the action. Not only are the oil prices not affecting consumers but rather giving them more money to spend and invest, but it's also expected to boost retail sales as well. Read the full story here

B.C. cities continue to post solid sale numbers
And real estate in B.C continues to do well. According to the real estate board’s statistics, 14 single family residences and two industrial properties sold during December in Powell River. The 16 sales accounted for $4,665,400 changing hands. Twenty-one new listings make up a total of 291 units on the market by the end of the month. Read more in the full story here. 

Canadian Real Estate Company invests in Dublin
A Canadian real estate company specialising in multi-family housing has completed the acquisition of the Rockbrook property portfolio in Dublin for €87.3 million. Find out more about the deal in the full story here.

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