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Canadian Real Estate Association predicts a strong year in 2014
December 29, 2024
OTTAWA—Sales of previously owned Canadian homes are turning out slightly than expected overall, and 2014 will be even stronger, according to a new projection from the country’s largest real estate association.
The Canadian Real Estate Association’s 2013 sales projections have been increased slightly upward in Ontario and the four western ...
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Definition of sales ratio analysis
November 7, 2024
Sales Ratio Analysis ~ The evaluation of the cause of the difference between the desired selling price of a property and it's appraisal value. Reasons could include unexpected deterioration of conditions in the area, quick sale needed, poor appraisal, market fluctuations, etc.
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Still strong housing market
October 30, 2024
Housing sales dipped slightly in November but the expected decline that was supposed to follow consumers rushing to purchase in the fall has failed to materialize, reports the Financial Post’s Garry Marr.
The Canadian Real Estate Association said sales last month dropped 0.1% from October on a seasonally adjusted basis while actual activity ...
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The REALTOR® Commitment.
October 28, 2024
You’re trusting a REALTOR® with your most valuable possession, your home. REALTORS® take this responsibility very seriously. Here’s what we promise you.
Your REALTOR® is highly trained. REALTOR® training is so rigorous that candidates often fail the pre-registration courses. Those who do pass must master a long, diverse list of subjects ranging ...
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No housing market hard-landing
October 22, 2024
All that talk of a hard landing for Canada’s housing market seems a distant memory now. The latest monthly data on existing home sales from Canada’s two biggest markets — Toronto and Vancouver — suggest demand for housing is still alive and well. Existing homes sales in the Greater Toronto Area rose 30% in September from a year ago and a strong ...
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Scotiabank re-forecasts its outlook on the Bank of Canada once again
October 21, 2024
The Bank of Nova Scotia has reforecast its outlook on the Bank of Canada and now believes the bank will hold off on hiking its overnight rate until 2019.
“The Bank of Canada probably now envisages spare capacity remaining into 2019,” the report stated. “It could well push out its forecast to return to the two per cent inflation target in the ...
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Toronto home sales jump 21% in August, realtors say
September 5, 2024
Realtors say home sales in the Greater Toronto Area shot up 21% in August compared with last year, with strength in all major housing categories. The Toronto Real Estate Board says 7,569 residential transactions went through its MLS system last month, compared with 66,249 sales in August 2012. The average selling price for August 2013 was $503,094 ...
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THE IMPACT OF MARRIAGE AND DIVORCE ON MATTERS RELATING TO REAL ESTATE BROKERAGE
July 27, 2024
Certain every-day situations in the lives of married couples may have an impact on real estate brokerage.
It is important to note that the situations described in this article do not apply to common-law partners. For common-law relationships, you must refer to the rules of civil law, particularly those relating to undivided ...
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Parents shouldn't place kids' names on real estate
July 26, 2024
DEAR BENNY: Twenty years ago my mother placed my name on the deed to avoid issues when she passed on. Will the IRS treat this as inherited property or consider it investment property? Did I inherit her half of the property? --Theo
DEAR THEO: Why, oh why, do parents do this?
For example, let's say your mother and father bought their house ...
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Parent trap
July 19, 2024
Parents who live in single-detached homes in Canada's largest cities are among the most likely to have adult children living at home with them, suggests a Statistics Canada study.
The data suggest that nearly 60 per cent of Canadians aged 20 to 24 live with their parents, compared with just 41 per cent two decades earlier.
In an age of early ...
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