Real Estate
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FCT, Remine partner to launch PropertyFlow in Canada

Posted on 23 December 2020

As the rush continues to provide expanded data services in the commercial real estate industry, FCT has announced a joint venture with U.S.-based Remine Inc. to launch the PropertyFlow platform to Canada. FCT, an established Canadian title insurance and technology company, announced the partnership on Monday morning. “We have had a strong relationship with Remine Inc. for approximately thr ...

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Newmark welcomes new partner, plans push into Canada

Posted on 23 December 2020

Newmark has entered into an alliance agreement with Ciminelli Real Estate Corporation in Western New York. Under the the deal, Ciminelli will operate under the Newmark umbrella as Newmark Ciminelli, providing services across Western New York, including the greater Buffalo and Rochester regions. The alliance will support Ciminelli’s ongoing efforts to expand brokerage services into ke ...

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Canada's real estate market is going to be very busy in 2021: RE/MAX exec

Posted on 23 December 2020

Christopher Alexander, executive vice president and regional director of Ontario-Atlantic Region for RE/MAX, joins BNN Bloomberg to discuss Canada's anticipated trends for 2021 as the country continues to navigate through the COVID-19 pandemic. ...

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Canada’s Most Expensive Housing Market Poised for 2021 Rebound

Posted on 23 December 2020

The most expensive housing market in Canada is ready to surge after three years of stagnation. In Greater Vancouver, where the average home costs just over C$1 million (roughly $783,000), prices will rise 9% in 2021, according to a forecast from brokerage Royal LePage. That’s a sharp rebound after three years when benchmark Vancouver home prices gained just 0.5% as local governme ...

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Home prices to rise more than 9% in 2021, Canadian Real Estate Association forecasts

Posted on 23 December 2020

The Canadian Real Estate Association expects the national average home price will rise 9.1 per cent to $620,400 in 2021, in one of the most optimistic forecasts yet for the real estate sector. The real estate association says it expects home prices to either hold steady or climb in all regions across the country, citing economic improvements from the lows of the COVID-19 pandemic.  ...

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Fitch, Another Big Three Credit Agency, Forecasts Falling Canadian Real Estate Prices

Posted on 23 December 2020

Canadian real estate prices just got another negative forecast from a Big Three credit rating agency. Fitch Ratings released its Global Housing Outlook this month, which contained a forecast for Canadian home prices. The firm generally sees home prices falling next year, as well as the delinquency rate nearly doubling.  Canadian Real Estate Prices Forecasted To Fall 5% ...

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Hamilton, Moncton becoming highly vulnerable to housing bubble, CMHC says

Posted on 23 December 2020

Canada Mortgage and Housing Corp. says the jump in home prices seen in many cities this summer and fall was beyond what could be justified by Canadian income levels and population growth. The comment was part of the CMHC's Housing Market Assessment, which concluded that Canada's residential real estate market is as vulnerable to a housing bubble as it was earlier this year. The ...

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COVID-19 has made reading next year's real estate market harder than ever

Posted on 23 December 2020

Canadians are about to get an update on the state of the housing market and the latest resurgence of COVID-19 has only added another layer of confusion to a year of uncertainty over where real estate prices will go in 2021. On Tuesday, the Canadian Real Estate Association is expected to roll out its latest sales figures and prices for resale homes, and while most property watchers see ...

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Average Canadian house expected to hit $620K next year, real estate group says

Posted on 23 December 2020

The national average house price is expected to increase by 9.1 per cent — to $620,400 — in 2021, the Canadian Real Estate Association (CREA) said today. Shortages of supply, particularly in Ontario and Quebec, are expected to result in strong price growth, while Alberta and Saskatchewan are anticipated to see average prices pick up following several years of de ...

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INSULATING YOUR HOME AND UNDERSTANDING THE TYPES OF MATERIALS USED

Posted on 26 November 2020

As homeowners, we haven't given much thought to what's behind our walls. But as we begin to build our new home from the ground up, proper insulation of the exterior walls became top of mind. Especially in a Passive House, a well insulated home is key to energy efficiency. Besides the perk of lower energy bills, this means a more comfortable home - warm in the winter and cool in the summer ...