Low Mortgage Rates Continue to Fuel Toronto Home Sales

TORONTO - Market Analysis:


Low mortgage rates will continue to fuel Toronto home sales - Not until interest rates start to rise significant... ow.ly/2Nl1sm

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Vancouver Housing Data Reveals Chinese Buyers

VANCOUVER - Market Analysis:



VANCOUVER - One of the largest real estate companies in British Columbia says that more than one-third of all the single-family detached homes it sold last year went to people with ties to mainland China. http://ow.ly/3oNtw1

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High Demand Helps Islington Village Townhouse Sell $50,000 Over Asking

TORONTO - Home Sales:


High demand helps Islington Village townhouse sell quickly - Winning bid of seven goes $50,000 over asking ow.ly/2Mahkb

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CANADA - More Investors Turning to Small Property Development

CANADA - More investors turning to small property development - Limited supply and high prices ... ow.ly/2M9IN1

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Canada Consumer Confidence Rises as Gasoline Price Falls

CANADA - Market Report:


Canadian consumer sentiment rose last week as opinions on personal finances improved with falling gasoline prices... http://ow.ly/3ozqeQ

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Bidding War Helps Harbord Home Sell $239,567 Over Asking

Canada - Home Sales:



Six-way fight helps Harbord home go $239,567 over asking - Semi-detached on a quiet downtown street ow.ly/2LOw9A

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Canadian Economists Suggest Level of Housing Starts is Unsustainable

CANADA - Market Analysis:



OTTAWA -- Some economists warn that the surge in the number of new homes being built in Canada is unsustainable and could approach "worrying" levels if interest rates remain at the current level. http://ow.ly/3oj1oS

Carlisle Mitchell Insider Tips for Real Estate Investors is a trusted and reliable source of expert investment and market analysis for real estate investors world-wide. NEW! Now follow Carlisle Mitchell Insider Tips for Real Estate Investors on Facebook and Twitter

How Artists Help Investors Identify Emerging Markets

Canada - Emerging Markets:


Artists who transform run down neighborhoods seen as indicator of emerging markets by some investors... ow.ly/2LJoBy

Carlisle Mitchell Insider Tips for Real Estate Investors is a trusted and reliable source of expert investment and market analysis for real estate investors world-wide. NEW! Now follow Carlisle Mitchell Insider Tips for Real Estate Investors on Facebook and Twitter

Great Views Help Sell False Creek Condo

Canada: Home Sales:


Great views help sell False Creek condo - ‘All your guests will be in awe,’ says agent ow.ly/2LsePL

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Low Supply Driving Cottage Prices Higher in Canada

Canada - Market Analysis:


CANADA - A lack of availability in the cottage market is pushing prices higher. As more Canadians have chosen to buy at home rather than head to US markets http://ow.ly/3ob69T

Carlisle Mitchell Insider Tips for Real Estate Investors is a trusted and reliable source of expert investment and market analysis for real estate investors world-wide. NEW! Now follow Carlisle Mitchell Insider Tips for Real Estate Investors on Facebook and Twitter

Canadians' Net Worth Grew Nearly 8% Last Year on Higher Housing and Investment Values

Canada - Market Analysis:


Canadians' net worth grew nearly 8% last year on higher housing and investment values ow.ly/2LAM90

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Danforth Home with a Sub-$400K Pricetag goes Fast

CANADA: Home Sales:


Danforth home with a sub-$400K pricetag goes fast - ‘Cute, quaint’ bungalow attracts first-time buyers and... ow.ly/2LorwE

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East York House Sells at a Premium in Under a Week

CANADA - Home Sales:


East York house sells at a premium in under a week - Total remodelling pays off even as market slows ow.ly/2LorwF

Carlisle Mitchell Insider Tips for Real Estate Investors is a trusted and reliable source of expert investment and market analysis for real estate investors world-wide. NEW! Now follow Carlisle Mitchell Insider Tips for Real Estate Investors on Facebook and Twitter

Canada Market Analysis: Building Permits Increase

CANADA - Market Analysis:


Daily Market Update - Building permit applications increase but mainly for non-residential… Ex... ow.ly/2LqAYF

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Canada Building Permits Up in May

The first of this week’s important reports on the market was released yesterday. Statistics Canada’s building permits data for May shows an increase in permits issued; up 13.8 per cent from April; with commercial property in Ontario and Manitoba and multi-family units in BC being the big areas of growth. Quebec and Nova Scotia were the only provinces not to see an increase. For residential property, there was a 9.5 per cent increase in construction intentions, the third month of gains in a row, with BC seeing the highest increase and Nova Scotia posting a decline after recent growth. For commercial property, there was a 20.8 per hike in permits, with Ontario and Manitoba gaining most and Quebec, Saskatchewan and Nova Scotia seeing declines following large increases in April.

Canadians the biggest foreign buyers of US property

Canadians are the biggest foreign buyers of US property. Figures for April-May released by the National Association of Realtors in Washington show that Canadians accounted for 19 per cent of foreign homebuyers; down from 23 per cent last year; while the Chinese spent the most money.

While investment from China is focused on expensive real estate in California and New York, Canadians put their money into the popular winter escapes of Florida and Arizona.

Canadian Real Estate Markets Still Hot

CANADA - With high prices, low mortgage rates and consumer confidence cup, Canadian markets have been red hot.

In Montreal there has been an increase in June of 2 per cent for single-family homes and 8 per cent for condos. The Island of Montreal was up 10 per cent. Overall, Montreal sales increased 3 per cent from last year.

In Toronto the year-over-year rise has been 15.8 per cent, with prices up 7.4 per cent and the average home selling in just 22 days.

Vancouver has seen a yearly increase of 28.9 per cent; June’s figures beat the 10 year average after a 3.7 per cent rise from May.

Calgary’s year-over-year growth in sales has been 15.78 per cent with its 10 year average beaten by 18 per cent.

Ottawa (4.3 per cent) and Edmonton (3.5 per cent) also saw modest growth.

UK Economists Fear Real Estate Bubble Amid Housing Boom

LONDON—The U.K.'s two chief financial-policy makers warned Thursday of a potential real estate bubble as the government moved to enact new powers to curb mortgage lending amid a gathering boom.

Britain's concerns highlight a central challenge to policy makers in the era of low interest rates: how to curb bubbles without slowing economic recovery.

The U.S. and euro zone have also established new bodies to keep watch over the financial system, but the U.K. has gone furthest in equipping its central bank with specific tools to tackle housing-market risks.

The U.K. is trying to control housing prices without resorting to raising interest rates.

The BOE will have wide new authority to restrict lending by limiting how much home buyers can borrow relative to their incomes and how much they can borrow as a proportion of a property's value.

The International Monetary Fund warned Wednesday the U.K. was one of many countries that need to guard against housing-market booms, for fear a bust could lead to a systemic banking crisis.

Australia, Canada and France were also highlighted as countries where housing markets appear overvalued in relation to average incomes.