Canada’s hot housing market to continue through mid-2010
Filed Under Main Content · Tagged: Chief Executive, Home Ownership, Homes For Sale, Housing Market, Improving Supply, Interest Rates, Lepage Real Estate, Momentum, Months Of The Year, Montreal Gazette, New Highs, Phil Soper, Previous Year, Price Increases, Real Estate Market, Royal Lepage Real Estate, Royal Lepage Real Estate Services, Second Half, Stimulus, Temper
Montreal Gazette- "The Canadian real estate market enters 2010 with considerable momentum from an unusually strong finish to the previous year," Phil Soper, president and chief executive of Royal LePage Real Estate Services, wrote in a statement. "The stimulus effect of low borrowing costs has contributed to a sharp rise in demand that has driven activity levels to new highs. This demand, coupled with a typical seasonal undersupply of homes for sale, should cause home prices to continue to appreciate significantly during the early months of the year."
He said improving supply in late 2010 and easing demand as the cost of home ownership rises on higher interest rates should temper home price increases in the second half of 2010…
Canada’s hot housing market to continue through mid-2010
Greater Victoria property assessments up $89 billion for 2010
Filed Under Main Content · Tagged: Assessment Authority, Assessment Roll, Bca, Deputy Assessor, Greater Victoria, New Construction, Previous Year, Property Assessments, Rezoning, Victoria Property
Times Colonist-
The value of Greater Victoria’s residential and commercial properties for 2010 is nearly $89 billion — an increase of nearly $4 billion from the previous year, according to B.C. Assessment Authority.
The roll for the province was released this morning with Greater Victoria weighing in at $88,167,548,510 — up from $84,592,819,165 in 2009. Of that increase about $1.4 billion was made up of subdivisions, rezoning and new construction.
“Most homes in Greater Victoria are worth more on this year’s assessment roll than they were on the 2009 assessment roll,” said Rick McMahon, deputy assessor with the BCA. “Most home owners in Greater Victoria will see changes that range from minus two to plus nine…”
Greater Victoria property assessments up $89 billion for 2010
Average household spending tops $71,000
Filed Under Main Content · Tagged: Accounting, Household Spending, Ottawa Citizen, Previous Year, Statistics Canada, Tops
Ottawa Citizen-
The average household spent $71,360 in 2008, up two per cent from the previous year, with taxes and housing accounting for much of those costs, Statistics Canada said Friday…
