Did the Bank of Canada fuel the run-up in house prices?
Filed Under Main Content · Tagged: 1990s, Bank Canada, Bank Of Canada, Canada House, Canadian Economy, Cool Canada, Economic Development, Fuel Prices, Globe And Mail, Globe Mail, House Prices, Income Ratio, Last Decade, Monetary Policy, Oecd, Organization, Real Estate, Time Out
The Globe and Mail- The Bank of Canada may have fuelled the run-up in Canadian house prices with loose monetary policy over the course of the last decade, the Organization for Economic Development and Co-operation says. In its annual review of the Canadian economy, released today, the group notes the increase in house prices, along with the price-to-income ratio, since the late 1990s, with a time out starting in June 2008 when costs fell, but only briefly. Some markets, the OECD says, are still overpriced despite the recent softening in the market, though real estate is expected to soon cool further…
Did the Bank of Canada fuel the run-up in house prices? – The Globe and Mail
Real estate agents poised to vote on shakeup of industry
Filed Under Main Content · Tagged: Advantage, Canadian Real Estate, Canadians, Competition Bureau, Globe And Mail, Globe Mail, Job Descriptions, Last Ditch Effort, Listings Database, Multiple Listings Service, Organization, Ottawa, Real Estate Agents, Real Estate Association, Real Estate Boards, S Real Estate, Service Sellers, Shakeup, Vote
Globe and Mail- Real estate agents are making a last-ditch effort to stave off pressure from the Competition Bureau by voting Monday on an overhaul of the way Canadians buy and sell homes.
Agents could find their job descriptions dramatically rewritten as the Canadian Real Estate Association votes on changes that would allow individuals to handle a greater portion of home sales on their own, while still taking advantage of the organization’s powerful listings database.
More than 300 representatives from the country’s real estate boards will gather in Ottawa to determine whether individual sellers should be able to pay a flat fee to an agent to post a listing on the organization’s proprietary Multiple Listings Service. Sellers could then negotiate the sale without the help of an agent. The proposed change would differ from the traditional method where agents handle the listing and sale process and take a percentage of the transaction as a commission…
Real estate agents poised to vote on shakeup of industry – The Globe and Mail
2008: A year of turmoil | TheStar.com | Business
Filed Under Main Content · Tagged: Europe, Iceland, Japan, Ontario Canada, Organization, Recessions, Toronto Star, Turmoil, Year End
Toronto Star – Ontario, Canada By year-end, Japan, the US, Canada and most of Europe were in recessions. Iceland, a member of the Organization for Economic Co-operation and Development, …
