Canada's economy is expected to surge in 2010, according to a new report from RBC Economics, which predicts gross domestic product growth of 3.6 per cent as a result of strong demand and increased job creation.
RBC says Canada's real GDP grew at 6.1 per cent in the first quarter, the... [ more
Calculate GST/HST payable on commissions using information based in OREA release
It’s been difficult to confirm how the HST should apply to real estate commissions for transactions that straddle the July 1st 2010, transition date. OREA Government Relations recently sent... [ more
Canada’s real estate market both competitive and secure, national survey of REALTORS® finds
Real estate professionals believe severe deregulation in the residential brokerage system would have a negative impact on home buyers and sellers
TORONTO, May 11, 2010 – REALTORS®... [ more
Markets in some cities are overheated while others show modest growth
TORONTO, April 8, 2010 – After a buoyant, if geographically uneven start to the year, Canada’s housing market is poised to moderate as 2010 unfolds, according to the Royal LePage House Price Survey. The... [ more
Vancouver Sun April 1, 2010
Realtors compete with each other for your business, but at the same time cooperate to help you buy or sell property. That unique concept of cooperating while competing lead to creation of the Multiple Listing Service (MLS) in 1950 by the Real Estate Board of Greater... [ more
TD: The Loonie Spreads its wingsThe loonie has spread its wings, rising from 95 U.S. cents at the end of last month, to currently hovering near parity. The Canadian dollar has received support from a string of stronger-than-expected economic indicators increasing the odds that the Bank of Canada... [ more
The implementation of the Harmonized Sales Tax is looming and how it will affect homebuyers depends on specific dates.After July 1, 2010, consumers begin paying the HST, a 13% blended tax comprising 5% GST and 8% PST on the majority of goods and services throughout Ontario.Here is a brief summary... [ more
Loonie chases parity
By STEFANIA MORETTI, QMI AGENCY March 18, 2010
The loonie continued its flight toward parity Wednesday hitting 99 cents US at one point pushed forward by
solid commodity prices, a renewed low rate pledge south of the border and better-than-expected Canadian
wholesale... [ more
Value Elements in an Offer
The Purchase Price represents a significant contributor to value, but there are other important factors which can reduce the amount that the seller receives or which can compromise the transaction. It is not the purchase price, but the net proceeds of the sale that... [ more
Buying a Home Still a Good Investment
Despite a tricky economy and concern about climbing household debt, a survey says the portion of Canadians who are “very likely” to purchase a home in the next two years has increased from 7 to 10 percent since the same question was posed two... [ more
Best of both worlds in Ottawa - Real estate in the capital remains in fine form
By Robert Bostelaar, The Ottawa Citizen; with files from Financial Post
March 16, 2010
For real estate shoppers and sellers, Ottawa could be the city of two tales -- both of them good.
Continued strong... [ more
By THE CANADIAN PRESS March 15, 2010
A new report says the cost of owning a home in Canada increased slightly across all housing segments in the
closing months of 2009.
RBC Economics says rising prices made it more expensive to own a home, but that was partly offset by a small
drop in... [ more
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