Real Estate Markets

Tech Talk for Thursday September 21st 2017

  Observations The TSX Composite Index moved above 15,324.56 setting a new intermediate uptrend. Responses to the FOMC announcement were muted: Equity indices initially moved lower, but closed virtually unchanged. The U.S. Dollar Index and its related ETF moved slightly higher. Gold and gold eq ...

How You Label Yourself Will Determine Your Level of Success

Bull, Bear or Pragmatist?How You Label Yourself Will Determine Your Level of Success For 25 years, the Real Estate Investment Network, has been providing investors from across the globe with insights, tools and analysis on the North American real estate market. In my position as researcher, analyst ...

Shhhhhh

Steve’s a baby realtor. Hey, it’s hard enough living on commish in a market nobody actually understands. So why is the industry actually making it harder? “So Garth,” he says, sarcasm building, “thought you might like this little nugget of transparency from my local real estate board, TR ...

Tech Talk for Monday September 18th 2017

  The Bottom Line We were wrong! Despite a series on negative events last week, equity prices in most markets in the world moved higher including all-time highs set by the S&P 500 Index, Dow Jones Industrial Average and NASDAQ Composite Index. Consider the events last week: · North Korea fired a ...

Cease & desist

In the recent past I received a letter from CREA, the mothership of realtors, informing me I could not use the word ‘realtor’ on this site. Expect legal action (leg irons, the rack, car battery on genitals), it intoned, unless I always said REALTOR®. Yup. Capital letters, little ® thingy. No ...

Canadian home sales edge up in August

Ottawa, ON, September 15, 2017 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales posted a small gain in August 2017. Highlights: National home sales rose 1.3% from July to August. Actual (not seasonally adjusted) activity stood 9.9% belo ...

CREA Lowers National Resale Housing Market Forecast

Ottawa, ON, September 15, 2017 – The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations in 2017 and 2018. Housing market trends continue to diverge considerably ...

The blip

Picture courtesy of  blog dog Colin, in Langley BC. Off to bid on a condo. _________________________________________________ Caitlin’s confused. “I am a renter,” she admits, “but being an irrational as most humans, I do feel FOMO especially with my couch potato portfolio not delivering in ...

BoC Hikes Overnight Rate 25bp; Prime Follows

The Bank of Canada has announced: The Bank of Canada is raising its target for the overnight rate to 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Recent economic data have been stronger than expected, supporting the Bank’s view that growth in C ...

Balanced

Mr. Market giveth. He taketh away. Yup, this is the taketh part. As forecast on this pathetic blog, three significant things have occurred. First, the nation’s largest (by far) housing market has officially slipped into bear territory with prices declining more than 20% across a region encompass ...