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@newstracker This House North of Toronto Had 800 Viewings and Sold for $1.1 Million, $400,000 Over Asking. http://notable.ca/this-house-north-of-toronto-had-800-viewings-and-sold-for-1-1-million-400000-over-asking/ #realestate
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@newstracker The latest report on housing trends and affordability from RBC Economics Research says owning a home in Canada is less affordable now than at any time in nearly eight years. http://m.waterloochronicle.ca/news-story/7034648-home-affordability-continues-to-slip-rbc-says #realestate
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@newstracker A Palm Springs home built for Walt Disney and his wife, Lillian, is up for sale at $899,000. http://www.latimes.com/business/realestate/hot-property/la-fi-hotprop-walt-disney-palm-springs-20161228-story.html #realestate
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@nlepan Chip Wilson's Point Grey mansion tops B.C. Assessment valuations at $75.8m. The second highest assessed home is at 4707 Belmont Ave., Vancouver: $69.2 million, up from $57 million. http://vancouversun.com/news/local-news/chip-wilsons-point-grey-mansion-tops-b-c-assessment-valuations-at-75-8-million #realestate #Vancouver
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@nlepan Hedge funds, large investment firms and private equity companies helped the U.S. housing market recover after the crash in 2008 by turning empty foreclosures into occupied rentals. Large-scale investors are shifting collections conversations from front stoops to call centers and courtrooms as they try to maximize profits.https://www.bloomberg.com/news/articles/2017-01-03/wall-street-america-s-new-landlord-kicks-tenants-to-the-curb? #realestate
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@nlepan Interprovincial migrants and international immigrants drive B.C. housing markets. Over a 12-month period ending on September 30, the provincial population rose by 59,584. Four out of five of those people were interprovincial migrants or immigrants, with the rest being the net increase of births over deaths within B.C. http://www.straight.com/news/849636/interprovincial-and-international-migrants-drive-bc-housing-markets #realestate
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@rjunior North Van condos a 292% return in 2016 & Surrey Whalley maybe next: https://ceo.ca/@rjunior/north-van-condos-a-292-return-in-2016-surrey-whalley #index #realestate
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@nlepan Last year, 91 per cent of all homes in British Columbia were covered by the homeowner grant program, which offers $570 to owners of properties with an assessed value of less than $1.2-million. But this year, only 83 per cent of B.C. homes in the province would be covered under the grant’s current format. http://www.theglobeandmail.com/news/british-columbia/spiking-home-prices-in-bc-bite-into-property-tax-relief/article33509335/ #realestate
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@nlepan German push for home ownership drives price bubble fears. Once a nation renowned for low levels of property ownership, Germany is turning to home ownership in response to plummeting interest rates and a still-humming economy, with unemployment at its lowest level since the country’s postwar reunification in 1990. https://www.ft.com/content/dc6ad2e4-c6ac-11e6-9043-7e34c07b46ef #Germany #realestate
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@nlepan The Toronto Real Estate Board says the GTA’s average home price soared to $730,472 last month, up 20 per cent from December 2015. There were 5,338 sales transactions for all types of residential property last month — including condo units and fully detached houses. That was up 8.6 per cent compared with December 2015 — despite a tight supply of properties for sale. http://business.financialpost.com/personal-finance/mortgages-real-estate/toronto-home-sales-climbed-to-record-high-in-2016-as-prices-soar-20 #realestate #Toronto
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@rjunior It's not a bad return @Newton! This is why I love #realestate. It's simpler - values grow where people go! To boot you get leverage and a good night sleep. And that is priceless!
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@nlepan The crushing Alberta recession has wiped out more than $4-billion in value of downtown Calgary office properties, city assessors warned Thursday, with some suburban office landlords and retailers expected to see higher tax bills as a result. http://www.theglobeandmail.com/real-estate/calgary-and-edmonton/oil-slump-hammers-calgarys-downtown-office-real-estate-market/article33520672/ #realestate
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@nlepan The price for all housing types sold in the GTA averaged a record $729,922 last year, up 17.3 per cent from 2015. It marks the 20th consecutive year that average house prices have gone up in Canada’s largest housing market. “The market conditions are tight enough that even if we saw a dip in sales in 2017 versus 2016, you’re still going to see extremely tight conditions,” http://www.theglobeandmail.com/real-estate/toronto/gta-real-estate-market-conditions-presage-further-rise-in-home-prices/article33520548/? #realestate
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@rjunior BC officially imposed a 15% “property transfer tax” on foreigners wishing to purchase property in BC.[1] Premier Christy Clark has stated that the new property transfer tax would limit demand, making housing more affordable in Metro Vancouver.[2] Which is, of course, utter poppycock. The tax will NOT work for three key reasons: 1) the tax is too easy to get around; 2) the vast majority of the non-resident investors buying up Vancouver real estate do not care about an extra 15% “property transfer tax” – they will see it as a cost of doing business; 3) the law is a violation of Canada’s investment protection treaties, including NAFTA http://www.dominiontaxlaw.com/bcs-15-property-transfer-tax-sales-non-residents-will-not-work/
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@nlepan Data collected from open sources at the City of Toronto, Landlord Watch and ACORN compiled a list of the worst apartment buildings and landlords in the City of Toronto: http://torontoguardian.com/2016/12/worst-landlords-worst-apartments/ #realestate #Toronto
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@nlepan The Victoria Real Estate Board says a repeat of last year’s record-smashing property sales that saw constant bidding wars on southern Vancouver Island is not in the forecast for 2017. But prices are expected to continue rising is a market of too few available homes. http://www.theglobeandmail.com/news/british-columbia/victoria-faces-property-shortages-as-newcomers-arrive-for-lifestyle-change/article33561009/? #realestate
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@nlepan Canada’s subprime mortgage providers are increasingly teaming up with unregulated rivals to sidestep rules designed to clamp down on risky lending. The practice has grown fast because it allows borrowers to make down payments of just 10 per cent, dodging federal rules that require either 20 or 35 per cent down on mortgages not backed by government insurance. Packaging two loans together allows the regulated lender to skirt those rules. Gosh, aren't people so innovative when money and regulation are in the way. http://business.financialpost.com/personal-finance/mortgages-real-estate/how-lenders-are-sidestepping-canadas-mortgage-rules-with-bundles-of-debt #mortgages #realestate
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@nlepan The BC provincial government is pitching in to pay the property taxes of million-dollar Vancouver homeowners and offering loans to first-time buyers for down payments. Too bad for renters, who are among the taxpayers footing a C$1.5 billion ($1.2 billion) bill at least in the next few years. https://www.bloomberg.com/news/articles/2017-01-11/vancouver-renters-aid-million-dollar-homeowners-with-their-taxes #riseofthepeasants #realestate
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@nlepan The Calgary Real Estate Board expects home prices to stabilize through 2017 as supply is expected to even out with demand. The agency says that sales in Calgary are forecasted to be 18,335 units, a three percent increase over 2016, but a drop in the long term forecast. http://calgary.ctvnews.ca/calgary-home-prices-expected-to-stabilize-in-2017-1.3236920 #housing #realestate
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@nlepan Cate Blanchett has found a buyer for her waterfront compound in Hunters Hill, Australia. The closing price was not disclosed but people say its was on the market for $20 million buckaroos. The house was originally bought for $10 million more than a decade ago. 50% return on investment not bad. http://www.mansionglobal.com/articles/51076-cate-blanchett-finds-new-buyer-for-australia-estate? #realestate
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@nicholaslepan Celine Dion cuts price of island estate with its own waterpark from $72 million to $38.5 million. http://www.wsj.com/articles/celine-dion-cuts-price-of-jupiter-island-estate-to-38-5-million-1484322455 #realestate
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@newswire The White House Worth Just Shy of $400 Million @newswire/the-white-house-worth-just-shy-of-400-million $ZG $Z The White House, valued at $397.9 million according to the Zillow® home valuation, has appreciated 15 percent since the Obamas moved in eight years ago. #realestate
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@nicholaslepan China’s housing boom ends as prices fall in top cities. House prices have fallen across most of China’s hottest property markets for the first time in almost two years, marking an end to the enormous growth that saw prices rise as much as 40 per cent last year. https://www.ft.com/content/0ae22064-dd5a-11e6-9d7c-be108f1c1dce #China #realestate #housing
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@nicholaslepan The U.S.' priciest house for sale is a Bel-Air mansion that includes 7 staffers and a helicopter. Price tag is 250-million. #realestate http://www.latimes.com/business/realestate/hot-property/la-fi-hp-250-million-house-20170118-story.html
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@nicholaslepan Flipping hell! New Zealand property frenzy as two houses sold five times in four day. Real estate watchdog to investigate the dealings as Auckland red-hot market continues to soar. #realestate https://www.theguardian.com/world/2017/jan/18/flipping-hell-new-zealand-property-frenzy-as-two-houses-sold-five-times-in-four-days?
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@nicholaslepan Soaring land values in Vancouver spark a ‘property tax revolt’. Vancouver assessments are based on the potential for development of the property, as opposed to actual use. Also, city policies are having an impact. In the West End, the city has rezoned for significantly more high-density residential, which has driven up prices. The change could signal a similar move in the east side of the city. This is creating hefty property tax bills. http://www.theglobeandmail.com/report-on-business/small-business/sb-growth/soaring-land-values-in-vancouver-spark-a-property-tax-revolt/article33672975/? #Vancouver #realestate
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@nicholaslepan Cadillac Fairview sells 50% of its Vancouver portfolio to Ontario Pension Board and the Workplace Safety and Insurance Board. http://www.theglobeandmail.com/real-estate/vancouver/cadillac-fairview-sells-50-of-its-vancouver-portfolio/article33682289/ #realestate
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@VancouverRealtor Asking $10.8 million but negotiable... Your chance to live on West Vancouver’s Golden Mile at a potentially steep discount. The catch, the previous owner was chopped into 100 pieces inside allegedly by members of his family. It’s a world-class property, a few doors down from BC Richest man Jimmy Pattison. http://www.remax.ca/bc/west-vancouver-real-estate/na-963-king-georges-way-na-wp_id155385252-lst/ http://news.nationalpost.com/news/canada/b-c-man-allegedly-chopped-into-100-pieces-in-his-home-was-murdered-for-his-money-and-assets-lawyer could you live in a crime scene to save money? what about after a teardown? #realestate
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@nicholaslepan West Vancouver population drop causes concern. Aging population, increasing housing prices and foreign buyers blamed for population decline. http://www.cbc.ca/beta/news/canada/british-columbia/west-vancouver-population-drop-1.3951028 #realestate #Vancouver #WestVancouver #WestVan
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@Leon Who will be the main beneficiaries of #Trump's infra-structure program? Is it only ment as a public investment to create private profit? #bonds #nationaldebts #commodities #inflation #realestate #Vancouver www.counterpunch.org/2017/01/24/developer-welfare-trumps-infrastructure-plan/
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@racker $10 mil and 4.1% cap rate for 55 unit apartment building in up and coming Nanaimo, BC http://goodmanreport.com/content/BRO%20655-Poplar-Street%20web2.pdf?utm_source=Goodman+Report+-+Jan+31st #realestate
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@marketwired Regina housing starts trend lower in January @marketwired/regina-housing-starts-trend-lower-in-january It is winter. #realestate
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@nicholaslepan Toronto is becoming a condo city. For some, buying a condo is a means to a life full of urban pleasure, to others it's a source of headaches and disappointment. From falling glass to noisy neighbours, the reality of condo life is bit more complicated than the sophisticated images in advertising brochures. The Agenda convenes a panel to discuss the advantages and dilemmas of condo ownership. https://www.youtube.com/watch?v=ICeI0fp_UMo+ #realestate #condos
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@nicholaslepan Investors bought $34.7-billion worth of commercial property valued at more than $10-million last year, according to real estate brokerage CBRE Group Inc. That was a 33-per-cent increase from a year earlier, and surpassed 2007’s record of $32.1-billion. Foreign buyers accounted for about 27 per cent of Canadian deals in 2016, up from just 6 per cent the year before. China and Hong Kong accounted for 71 per cent of foreign commercial real estate investment; Europe made up 17 per cent, and the U.S. was 8 per cent. http://www.theglobeandmail.com/globe-investor/ #realestate #Canada
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@nicholaslepan David Madani, of Capital Economics, said in a report out Friday that while the housing boom supported the economy through the oil shock in 2016, a further deterioration in housing affordability will cost the economy over time. http://business.financialpost.com/personal-finance/mortgages-real-estate/the-housing-bubble-has-burst-economist-warns-market-imbalances-threat-to-economy-in-long-run #economics #realestate
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@nicholaslepan Economist says it’s 1980s all over again in the Toronto market. Remember how that ended? The economist is now predicting a 19 per cent increase in condo prices in the Greater Toronto Area and says to watch for double-digit gains in the Greater Golden Horseshoe. Basically anywhere with a two-hour drive. http://business.financialpost.com/personal-finance/mortgages-real-estate/economist-says-its-1980s-all-over-again-in-the-toronto-market-remember-how-that-ended #realestate
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@nicholaslepan Harcourts Canada is holding a rare public auction for property, looking to sell a two-bedroom unit in New Westminster. The company will hold the auction, its first in Canada, on March 2. http://www.cbc.ca/news/canada/british-columbia/housing-auction-for-new-west-home-1.3987285 #realestate
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@racker ‪Warren Buffett lists longtime Laguna Beach home for $11 million https://www.wsj.com/articles/warren-buffett-lists-longtime-laguna-beach-home-for-11-million-1487344530 gorgeous urban #realestate
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