here are some news both in English and French from the real estate business sector from various sources highlighted in italic.
Even before the federal government delivers its 2013 budget, the writing is already on the wall: Limited economic growth, slower household spending and the same old rock-bottom interest rates. Read full article
La CORPIQ est d’avis que la Régie de l’énergie a erré en statuant aujourd’hui qu’en l’absence d’abonné au service d’électricité pour un logement, son propriétaire devient responsable des factures, une décision qui envenimera les relations entre propriétaires et locataires, et celles avec Hydro-Québec. Lire article complet
Île-des-Sœurs, 11 mars 2013 – Selon la base de données provinciale Centris® des courtiers immobiliers, la Chambre immobilière du Grand Montréal (CIGM) indique que le nombre de ventes conclues dans la région métropolitaine de Montréal (RMR) en février 2013 a diminué de 22 % par rapport au nombre de ventes réalisées en février 2012. Lire article complet
Analyse du marché de la revente: Baromètre MLS® – Province – 4e trimestre 2012. Voir pdf
Property Biz Canada
NAIOP Greater Toronto was recently honoured as the top large-sized chapter in North America at the organization’s annual awards show.
The GTA chapter, the organization’s third-largest group in North America with 856 members at its peak, was selected based on a number of achievements: The group’s “educational programming is outstanding and has attracted the attention of their commercial real estate associations in their area.” Read full article
Globe and Mail – Housing
The flicker of optimism that sparked in Canada’s housing market when January sales outpaced December’s has died out, erased by a notable drop in February.
Last month’s declines were significant enough to prompt the Canadian Real Estate Association (CREA) to cut its sales outlook for 2013 on Friday for the third time since last summer. Read full article
Globe and Mail – Interest Rates
Charles St-Arnaud, a former Bank of Canada economist who now works at Nomura Securities Co. Ltd. in New York, has spent some time trying to get inside the heads of the policy makers at his former employer.
If he’s right, Canada’s central bankers are exhausted and alone; exhausted because they are reaching the limits of what they can reasonably do to keep the country’s economy afloat, and alone because no one seems to want to take a turn at driving economic growth. Read full article