How Marijuana Legalization Affects Real Estate
With a federal election set for 2015, the legalization of marijuana looks to be a hot button issue. As the laws in Canada, marijuana use are relaxed, real estate investors need to be aware of the...
View ArticleTELUS Sky Tower: Transforming Downtown Calgary
The skyline of Calgary is set to change come 2017. Situated in the 100 block of 7 Ave. S.W., the TELUS Sky is a mixed use 59-storey tower. This skyscraper will feature a combination of office space,...
View ArticleOne-minute drive can save you thousands
There is no doubt that living in one of Canada’s big cities is not a cheap way of living. The average cost of a detached home in Vancouver’s downtown area is now $1.55 million! Finding a similar...
View ArticleOutlook of the Toronto Housing Market in 2015
Toronto house prices to outpace country once again in 2015 Image Source: cbc.ca All signs pointing to interest rates heading upward, but the Toronto housing market looks to continue its strong...
View ArticleOutlook of the Calgary Housing Market in 2015
Calgary house prices are predicted to appreciate 3 per cent in 2015 to an average of $497,500, outpacing the Canadian average of only 2.5 per cent! The real estate market in Calgary could be in for a...
View ArticleOutlook of the Vancouver Housing Market in 2015
Greater Vancouver still held onto the distinct honour as Canada’s most expensive real estate market in 2014. The average home price reached $838,400 in 2014, an increase from $781,517 in 2013....
View ArticleHow Oil Prices Affects the Real Estate Industry
Photo by Arne Huckelheim At the beginning of 2014, nobody could have predicted the tumble in oil prices we experienced in the latter half of the year. Oil fell from its peak of over $100 a barrel to...
View ArticleDoes it Make Sense to Rent or Buy in Toronto?
Source: wikimedia.org With Toronto home prices soaring into the stratosphere, many Torontonians are deciding to sit on the sidelines and rent instead. This has helped boost Toronto’s condo rental...
View ArticleInterest rate announcement – January 2015
The Bank of Canada Lowers Interest Rates on Fears of Lower Oil Prices The Bank of Canada (BoC) sent the loonie on a freefall today when it announced it’s cutting interest rates. The overnight lending...
View ArticleBanks Lower Prime Rate to 2.85%, Pocket 0.1% Difference
The big banks took their sweet time, but prime rate has finally been lowered. The problem is, it’s not by as much most expected. Prime rate has been reduced by 15 basis points from 3 percent to 2.85...
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