In Spain, there are lots of big money condo sales–especially around Puerto Banus. Canada does not hit the headlines for such things normally, but the most expensive condo in all of Canada just sold this week for $28 million (CAD). The penthouse apartment is located in the Four Seasons hotel and residential complex in Toronto, [...]
Luxury real estate is booming in Vancouver, BC, Canada according to an article in a local newspaper called the Vancouver Sun. This seems strange when you look at the proximity of Vancouver to the U.S. Are things in that part of Canada so much better than say, Seattle? Washington is feeling the recession that is [...]
Apartments and condos seem to have no trouble selling in other parts of Vancouver, there seems to be a dark cloud hanging over the Olympic Village .
Evidence of how big the real estate bubble was in Ireland–recent numbers show that residential property prices are down 38 per cent since prices peaked at the end of 2006. Ireland’s “Celtic Tiger” was roaring all the way to the last quarter of 2006, and the real estate bubble was at its peak around that time. [...]
2010 was a mixed year for real estate all over the world. A recent report by ScotiaBank Group, based in Canada gave a good summary of real estate trends around the world in 2010. Some housing markets crashed, while some boomed.
It’s all over the media,Vancouver real estate prices are rising, sales are up, yet incomes are the same. Sound familiar? Yes–this is what happened in the US, Spain, Ireland and every other property market where we have just seen the bubble burst. Most of these media reports are based on reports by the Real Estate [...]
Several differing headlines in the media and on the websites of real estate agents and realty associations make it difficult to know how the actual Vancouver real estate trends and forecasts are looking. The Vancouver Sun recently had an article saying “B.C. housing sales forecast to drop 12 per cent in 2010″ with a subheading [...]
Despite the high prices, Canada’s real estate market is red hot, that is if you believe the reports.
The Vancouver real estate market is super hot in comparison to the US real estate market, which has tanked in the last year or so.
real estate in Canada costs on average 23.9 per cent more than it is worth…