Three ways to capitalize on a sluggish housing market

The Globe and Mail- As the U.S. housing sector crashed, a handful of investors made billions of dollars because they had the foresight to short the market.

They were able to cash in because most of the mortgages issued during the U.S. property boom were repackaged and resold to other investors. Owners of the investments were willing to lend them out to be sold short, because they didn’t understand the extent of the crisis to come…

Three ways to capitalize on a sluggish housing market – The Globe and Mail

Improving economy, low mortgage rates to boost housing sales in B.C., CMHC says

Vancouver Sun- A new report suggests that low mortgage rates combined with a growing population and an improving economy bode well for Metro Vancouver home sales for the rest of 2010 and 2011.

“For the next year, we’re looking at favourable mortgage rates, a steady flow of migrants to the Lower Mainland, and a growing job market,” Canada Mortgage and Housing Corp. senior market analyst Robyn Adamache said in an interview about the federal agency’s housing market report that concluded sales will remain stable until mid-2011 before trending higher. “We’re looking at about 33,000 sales for Greater Vancouver [in 2011]. We’re looking at 31,000 this year. The 10-year average is about 34,000…

Improving economy, low mortgage rates to boost housing sales in B.C., CMHC says

CMHC predicts new home starts double last year’s

Times Colonist- The number of new homes built in Greater Victoria will hit 2,100 by the end of the year — nearly double last year’s total — and then edge down slightly in 2011, says Canada Mortgage and Housing Corp.

"Housing starts are forecast to remain stable next year as builders and developers continue to make up for the low level of 2009 activity and respond to local economic growth and positive migration," Travis Archibald, senior market analyst for the federal agency, said yesterday.

New home starts will reach 2,000 next year, Archibald said in a fall outlook report. "Residential construction activity across Victoria will surpass the 10-year (2000-2009) annual average of 1,817 housing starts both this year and next…"

CMHC predicts new home starts double last year’s

10 ways to avoid buying the wrong house

the star- The most common mistake home buyers make is that they buy with their heart instead of their head. This often means they pay more than they should or are disappointed when they uncover defects in the home or find out the neighbourhood isn’t quite what they thought.

Here are 10 ways to prepare yourself…

10 ways to avoid buying the wrong house – Moneyville.ca

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