Canadian home prices could drop by 25 per cent by end of next year, report says

Canadian home prices could drop by 25 per cent by end of next year, report says

A home for sale in Toronto’s Annex neighborhood on July 18.Fred Lum/The Globe and Mail Canada’s average home price could drop by as much as 25 per cent from peak values ​​in February by the end of next year, with the Maritimes and most of Ontario shouldering greater declines owing to the sharp jump in … Read more

Buyer cuts $49,000 off price of East York three-bedroom

Buyer cuts ,000 off price of East York three-bedroom

Keller Williams Portfolio Realty 26 Hopedale Ave., Toronto Asking price: $1,149,000 (May, 2022) Selling price: $1.1-million (June, 2022) Previous selling price: $768,000 (September, 2015) Tax: $4,061 (2021) Days on the market: Seven Listing agents: Irene Kaushansky and Philip Brown, Keller Williams Portfolio Realty Buyer’s agent: Samantha Marasco, Keller Williams Portfolio Realty The action Previous owners … Read more

Small townhouse outside Calgary an affordable find at $217,500

Small townhouse outside Calgary an affordable find at 7,500

2781 Chinook Winds Dr., SW., No. 7106, Airdrie, Alta. Asking price: $229,900 (May, 2022) Selling price: $217,500 (June, 2022) Tax: $1,312 (2021) Days on the market: Seven Listing agent: Bryon Howard, eXp Realty The action Inside, there is an open living and dining area, and a kitchen with a center island.eXp Realty This two-bedroom townhouse … Read more

How to find a good wine for less than $15

How to find a good wine for less than

Anyone with a passing interest in wine is always in search of bottles that offer value for money. Good, cheap wines are in perpetual demand, but winemakers around the world are dealing with increasing production costs, including fuel, electricity, glass bottles, labels, cardboard, shipping containers and freight rates. While wine merchants are leery of losing … Read more

Have Canadian home prices hit a bottom? Here are some clues

Have Canadian home prices hit a bottom?  Here are some clues

Enter “Canadian home prices” into a Google search and you’ll find endless headlines about real estate imploding. That, and 13-year highs in mortgage rates, have driven countless homebuyers to the sidelines. And many are now licking their chops, hoping to buy closer to the bottom. To do that takes market timing. Most experts discourage timing … Read more

Toronto and Vancouver home sales tumbled further in July as interest rates rose

Toronto and Vancouver home sales tumbled further in July as interest rates rose

In the Vancouver area, the typical price of a home was down 2.3 per cent from June to July.JENNIFER GAUTHIER/The Globe and Mail Real estate markets in Toronto and Vancouver tumbled further in July, with sales and home prices declining for another month as getting mortgages becomes more difficult and buyers wait to see how … Read more

More homeowners canceling listings, turning homes into rentals as housing market cools

More homeowners canceling listings, turning homes into rentals as housing market cools

When Shannon Tebb listed her downtown Toronto loft for sale in mid-June, she did everything to make the property attractive for buyers. She hired stagers, painted walls, washed the windows, listed the place below market value and advertised all over social media. But by July, she was pulling the property off the market – and … Read more

How China Could Send LNG Prices Into The Stratosphere

How China Could Send LNG Prices Into The Stratosphere

China, which last year became the world’s top importer of liquefied natural gas, has been importing a lot less of it this year. Imports were down by as much as 20 percent amid skyrocketing prices in the first half of the year and buyers are still holding back on more shipments. But this could change … Read more

Calgary condo a hard sell with offers nearly a month apart

Calgary condo a hard sell with offers nearly a month apart

135 13 Ave., SW., No. 510, Calgary Asking price: $284,900 (May, 2022) Selling price: $275,000 (June, 2022) Tax: $1,844 (2021) Days on the market: 41 Listing agent: Bryon Howard, eXp Realty The 682-square-foot unit features a sliding door to the balcony. The action In a 14-year-old high-rise a few streets south of the Calgary Tower, … Read more

Sale of island fixer-upper closes as market comes to a standstill

Sale of island fixer-upper closes as market comes to a standstill

1264 Scarborough Rd., Bowen Island, BC Asking price: $649,000 (Feb. 14) Selling price: $585,000 (Feb. 25) Previous selling price: $275,000 (2005) Days on market: 11 Tax: $2,685.39 Buyer’s agent: Mary Lynn Machado, Macdonald Realty The Action The house, which was tenanted, has three bedrooms, one bathroom and a fireplace, but it’s so dated that there … Read more