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Industry intentions for large buildings and single family homes on the rise
According to the latest statistics from StatsCan, contractors took out building permits worth $8.0 billion in June, up 13.5% from May. The June increase was mainly due to higher construction intentions for institutional and industrial buildings in Quebec and commercial buildings in Alberta. OLYMPUS DIGITAL CAMERA In the residential sector, the value of permits edged […]
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VERICO Canada and VERICO Capital Mortgages Inc. are pleased to announce the June winners of the VERICO Purchase Plus Improvements Contest. Brad Nemes of VERICO Capital Mortgages along with Martin Marshall, Eastern Regional Sales Manager of VERICO Canada, presented a cheque to winners Marc Pepin and Rebecca Thompson of Toronto, ON. "When Brad called we […]
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Number of home sold edged up slightly in June
According to statistics released by The Canadian Real Estate Association (CREA), national home sales activity edged up almost one per cent on a month-over-month basis in June 2014. Highlights: - National home sales rose 0.8% from May to June. - Actual (not seasonally adjusted) activity stood 11.2% above June 2013 levels. - The number of […]
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Should you invest in an income property?
Owning a rental property can be a profitable investment - but it's not for everyone. It’s important to do the research needed to have a clear understanding of the steps in financing an income property and all the responsibilities that will come with an investment. I’ve provided some information below to help you get started. […]
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Are housing starts rebounding?
Consensus is looking for Canadian housing starts numbers for the month of June to come in near 190k, down from the strong 198.3k in May but still stronger than levels seen earlier this year when a mix of harsh weather and uncertainty weighed on overall levels of construction, driving housing starts to an annualized low […]
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Major Real Estate Boards Report June Results
The spring market unofficially ended last month and Canada’s three most followed housing markets finished off the spring selling season strongly. Sales volumes, prices and new listings each increased in June in all three cities. Low interest rates continue to fuel strong buyer demand. Vancouver Sales volumes were up in Vancouver by 29% in June, […]
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Canadians' Confidence in the Housing Market Keeps on Surging
Most Canadians expect home prices to keep on surging in 2014, according to a survey conducted by Point2 Homes, one of Canada's largest real estate portals. Canadian respondents who anticipate an increase in residential property prices think prices will rise by an average of 8%. 73% of survey participants in Alberta are confident local prices will […]
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