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Royal LePage Daily Media Monitoring Report
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Date: Monday, August 10, 2015Edited by: Royal LePage Communications
(communications@royallepage.ca)
Editor’s NoteGood Morning / Bonjour,
Please find below English and French articles that have appeared within a variety of categories we are monitoring across Canadian media.Veuillez trouver ci-dessous des articles en français et en anglais publiés dans une variété de catégories dont nous assurons le suivi dans l’ensemble des médias canadiens.
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Royal LePage News
News – Results
Victoria News
Realtors swing clubs for women’s shelters
Victoria News – Fri Aug 7 2015
Byline:Kendra Wong
With the swing of a golf club, realtors at Royal LePage Coast Capital Realty are raising money for local women’s shelters. With the swing of a golf club, realtors at Royal LePage Coast Capital Realty are raising money for local women’s shelters
Innisfil Examiner
Avoid these common home buying pitfalls
Innisfil Examiner – Fri Aug 7 2015
Byline:NC
sail through the process, meet ongoing financial obligations, and reflect as a good choice for years to come, » says JoAnn Jusdanis, broker-owner with Royal LePage Burloak Real Estate Services in Burlington, Ontario. Jusdanis points out some common
Innisfil Examiner
Should you forego the home inspection?
Innisfil Examiner – Fri Aug 7 2015
Byline:NC
considerations. « You’ll want to be aware of the processes around home inspections and know what they do and do not normally cover, » says Lincoln Thompson, a broker-owner with Royal LePage Gardiner Realty in Fredericton, New Brunswick. « Defects or problems can
royallepageleadingedge.ca
Promote your business with the #IMHOME marketing campaign | Royal LePage Leading Edge Newsletter
royallepageleadingedge.ca – Mon Aug 10 2015Permalink
Promote your business with the #IMHOME marketing campaign
royallepageatoutgagnant.ca
Faites connaître vos activités grâce à la campagne de marketing #MONCHEZMOI | l’Atout gagnant
royallepageatoutgagnant.ca – Mon Aug 10 2015Permalink
Faites connaître vos activités grâce à la campagne de marketing #MONCHEZMOI
Social –
1
Results
yorker.ca

Drone videography is beginning to make handheld cameras seem like a thing of the past. Many Toronto companies are beginning to use dronea …
yorker.ca – Sun Aug 9 2015, 1:02am ETPermalink
amed from the ground or saved for later use. Well-known companies like Royal LePage, Honda, and Lush have adopted the aerial technology for their business…
Key Real Estate Writers
News – Results
The Globe and Mail
A tale of two hot housing markets
The Globe and Mail – Mon Aug 10 2015
Byline:TAMSIN McMAHON
Economic Insight For the first half of the year, Canada’s housing market has been a tale of just two cities: There’s Toronto and Vancouver, and then there is everywhere else. This week brings several new data releases on the housing market, including July existing home sales updates from the Canadian Real Estate Association and Teranet-National …
globeandmail.com
July housing data to show Vancouver, Toronto markets still sizzling; Data releases expected to show more of same trend that’s dominated national housing picture this year: strong growth in Toronto and Vancouver, with prices rising far more modestly, or even falling, in other regions
globeandmail.com – Sun Aug 9 2015, 5:30pm ET
Byline:TAMSIN McMAHON
For the first half of the year, Canada’s housing market has been a tale of just two cities: There’s Toronto and Vancouver, and then there is everywhere else. This week brings several new data releases on the housing market, including July existing home sales updates from the Canadian Real Estate Association and Teranet-National Bank of Canada …
National Post
With this many incentives, why not create a rental suite?; Reno tax credit
National Post – Sat Aug 8 2015
Byline:Garry Marr
The renovation market, already at record levels in terms of spending, could get a major boost from Conservative plans to introduce a tax credit worth up to $750. One area that money could get funnelled into is secondary rental units, like basement apartments, which are also set to get a major lift because of changes made by Canada Mortgage and …
Competitor News
News – Results
The Globe and Mail
Density drawing buyers to Calgary’s core; ‘Downtown used to be dead on evenings and weekends, and now, with so many people living there, it’s alive’
The Globe and Mail – Sat Aug 8 2015
Byline:KRISTA CONRAD
condo lifestyle will increase further. » Christina Hagerty, a specialist in downtown loft properties and agent with Re/Max Realty Professionals, has noticed a strong thirst for downtown living among her new clients. Some are investing in rental
Quebec Real Estate News
News – Results
www.lapresse.ca
Airbnb en voie d’être légalisé au Québec | Jean-Michel Genois Gagnon | Actualité économique
http://www.lapresse.ca – Mon Aug 10 2015Permalink
(Québec) Le gouvernement du Québec entamera le processus de légalisation de l’hébergement de type Airbnb cet automne. En revanche, il en percevra des revenus de taxation et augmentera le nombre d’inspecteurs sur le terrain, notamment, pour contrer l’hébergement illégal qui persistera, a appris Le Soleil.
www.journaldemontreal.com
Devrai-je payer de l’impôt si je vends ma maison? | JDM
http://www.journaldemontreal.com – Mon Aug 10 2015Permalink
Je suis tout mêlé, j’ai de la peine à démêler les impôts à payer lors de la vente d’un immeuble à revenus et les revenus de loyer annuels, pouvez-vous m’aider svp?
www.journalhabitation.com
Liste de frais souvent oubliés par les acquéreurs d’une propriété – Immobilier – Journal de l’habitation
http://www.journalhabitation.com – Mon Aug 10 2015Permalink
ACQUISITION. Voici un rappel de quelques éléments négligés dans le budget global, lors de l’achat d’une propriété par les premiers acquéreurs.© Photo : TC Media L’achat d’une maison est une transaction importante, qui comporte plusieurs aspects nécessitant de bien planifier son budget. (Photo TC Media – Archives)
Autres …
www.lesaffaires.com
Augmentez la valeur de votre parc immobilier | LesAffaires.com
http://www.lesaffaires.com – Mon Aug 10 2015Permalink
Il est révolu le temps où les gens payaient trop cher leurs immeubles, géraient mal et sortaient tout de même gagnants grâce à un marché hyper inflationniste.Ce qui s’est produit depuis le début des années 2000 semble bel et bien exceptionnel et n’est pas sur le point de se réaliser à nouveau au cours des prochaines années aux …
argent.canoe.ca
Il n’est pas facile de convertir des logements en condos – Argent
argent.canoe.ca – Mon Aug 10 2015Permalink
Le propriétaire d’un immeuble à logements locatifs ne peut pas facilement le convertir en copropriété divise, a rappelé vendredi la Régie du logement.Dans un communiqué, la Régie a tenu à préciser les règles en la matière, en soulignant que les locataires «conservent le droit de demeurer dans leur logement aussi longtemps qu’ils …
Le Journal de Québec
Les avantages et les inconvénients ; Acheter une propriété saisie ; Le malheur des uns fait le bonheur des autres. Et le domaine de l’immobilier n’y fait pas exception. Il existe certes des avantages à acquérir une reprise de finance, mais également certains inconvénients.
Le Journal de Québec – Sat Aug 8 2015
Byline:PAMÉLA EGAN
l’acte de vente, clause à laquelle toutes les parties à l’acte de vente acquiescent», explique la Fédération des chambres immobilières du Québec (FCIQ). Cette mention signifie que l’acheteur n’a aucun recours s’il découvre un vice ou un problème
Industry Reports
News – Results
CBC.CA News
Big week ahead for Alberta’s housing industry
CBC.CA News – Sun Aug 9 2015, 9:20am ET
Byline:CBC News
Housing Corporation (CMHC) will be releasing the number of housing starts in the province for the month of July. On… there one piece that has more weight? Housing starts are typically considered to be leading economic indicators, as they
Financial Post
The perfect storm to create a rental unit in your property
Financial Post – Fri Aug 7 2015
Byline:Garry Marr
struggling with house prices in cities like Toronto and Vancouver, where the average home is selling for about $1 million… Mortgage and Housing Corp.( http://business.financialpost.com/»

Royal LePage NewsFull Articles

Victoria News
Realtors swing clubs for women’s shelters
Victoria News – Fri Aug 7 2015
Byline:Kendra Wong
With the swing of a golf club, realtors at Royal LePage Coast Capital Realty are raising money for local women’s shelters.With the swing of a golf club, realtors at Royal LePage Coast Capital Realty are raising money for local women’s shelters.As part of the 11th annual Royal LePage Shelter Foundation Golf Party, golf enthusiasts of all levels can compete in the Texas scramble-style play at the charity event at the Cedar Hill Golf Course (1400 Derby Rd.) on Sept. 1.New this year will be a putting tournament and two chances to win a $10,000 prize if participants sink a hole-in-one on two different holes.Following the golf tournament, there will also be a silent auction, dinner and live auction.All proceeds from the auction goes toward four local women’s shelters that provide a safe transitional home for women and children escaping domestic violence, including the Cridge Transition House for Women, Victoria Women’s Transition House Society, Margaret Laurence House and the Sooke Transition House Society.

 » A lot of us take shelter and safety for granted and what we’d really like to do is help get the message out that not everyone feels safe or has shelter or feels safe in their shelter, » said Sarah West, golf party organizer. « A very small donation or participating in an event might not seem like a lot for people that do it, but it makes an incredible impact on the lives of women and children in Victoria. »

Marlene Goley, manager of the women’s and family centre at the Cridge Centre, said the donation will be used to keep vehicles on the road to transport women to appointments and support women with no immigration status, among « dozens of other things. »

 » We just couldn’t do what we do without their help. It not only is absolutely crucial to what we do of being able to provide the supports that women need so they can use our services, but it also sends a critically important message to women who are leaving violent relationships that there is a community out there that supports their decisions, » Goley said.

Currently, there are roughly 60 people registered for the tournament and this year’s goal is to surpass last year’s $20,000 fundraising total.

 » We are looking for people who want to golf or donate prizes to help, » said West, noting local businesses have already supplied gift certificates, artwork, and flights to Vancouver.

The cost is $125 for golf, power cart and dinner or just $50 for dinner.

For more information, visit Rlpgolf4shelter.com, email sarah@propertiesinvictoria.com or call 250-920-7000.

Copyright 2015 Victoria News

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Innisfil Examiner
Avoid these common home buying pitfalls
Innisfil Examiner – Fri Aug 7 2015
Byline:NC
(NC) Homeownership is often cited among the best financial decisions you can make. But, as many will attest, buying a home requires good decisions and a multitude of financial considerations. « A systematic approach to buying a home will allow you to sail through the process, meet ongoing financial obligations, and reflect as a good choice for years to come, » says JoAnn Jusdanis, broker-owner with Royal LePage Burloak Real Estate Services in Burlington, Ontario.Jusdanis points out some common pitfalls to avoid:1.Your deposit is not readily accessible. This is particularly important in today’s competitive real estate market, where bully offers and bidding wars can be part of the landscape. And, even without those factors, you don’t want to face financial hurdles on your closing day. Consider your down payment and any other funds you intend to access for the purchase. Don’t assume that a mere click of a button will put all your funds in one place and you’ll be ready to go precisely when you need to take action. Handle transfers and banking processes before you go head-over-heels for your dream home, rather than after.2.You’ve removed the condition of financing. While buyers normally seek out mortgage pre-approval to show agents and sellers they are serious, don’t assume that a pre-approval is the same as acquiring your mortgage. In bidding wars, buyers sometimes omit the condition on financing, riding on their pre-approval. This can be a mistake as a lender might cancel or reduce the mortgage if the house is appraised at less than what you paid for it.3.You’ve waived the home inspection. In hot markets, buyers sometimes waive the home inspection. Doing so is a risky proposition that curtails your knowledge of any necessary and potentially costly repairs. Be aware that you could be in for immediate and significant costs if you find the home you purchased has, for example, a leaky roof, foundation problems, or perhaps a furnace on the fritz.4.Your new home adds pressure to buy new things. Don’t be tempted to flesh out your new home out with a lengthy list of new furnishings. You are better off to live in the home for a while and to determine what you really need, and then save for the important things.

5.Your commute is taking its toll or the things important to your lifestyle aren’t nearby. While you’ll consider a variety of neighbourhoods and housing types, make sure you settle on a list of must-haves before you begin your search. Make a list that includes considerations such as commuting time, nearby amenities, shops, parks, entertainment and access to good schools or hospitals.

Making your move to a new home is an exciting and rewarding experience. Preparedness and wise decisions will help you to avoid common pitfalls and build on your investment.

More information can be found at www.royallepage.ca.

http://www.newscanada.com

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Innisfil Examiner
Should you forego the home inspection?
Innisfil Examiner – Fri Aug 7 2015
Byline:NC
(NC) Homebuyers and sellers will do well to know a thing or two about the process of home inspections. Making informed decisions about the home you hope to buy, or the one you plan to sell, is an important step as part of your financial considerations. »You’ll want to be aware of the processes around home inspections and know what they do and do not normally cover, » says Lincoln Thompson, a broker-owner with Royal LePage Gardiner Realty in Fredericton, New Brunswick. « Defects or problems can factor into your pricing considerations and negotiations. Conversely, as a seller, you may choose to have an inspection and undertake repairs before you list your home. As a buyer, you can include repairs identified in the inspection to amend the purchase agreement in a variety of ways. »Here are key guidelines to help along the way:* A home inspection is a visual assessment and report based on what is observed on a certain day. As such, a home inspector cannot see or find everything. For example, they may not be able to inspect certain areas concealed by snow.* As a buyer, you are paying for an objective opinion on the home. If the inspector comes on referral from your agent, a good agent will ensure the inspector understands that you are the client.* Understand the parameters of the home inspection and that having one is not a warranty or guarantee.

* There is no such thing as a perfect house. Don’t be concerned if the inspection reveals some problems. Use this information as part of your negotiations, or as a seller, have an advance inspection and take care of necessary repairs before you list the home.

Buying or selling a home can be a rewarding experience. When you get the facts and can expect the best from the people who are there to advise you, a home inspection is an important tool in your decision making.

More information is available at www.royallepage.ca.

http://www.newscanada.com

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royallepageleadingedge.ca
Promote your business with the #IMHOME marketing campaign | Royal LePage Leading Edge Newsletter
royallepageleadingedge.ca – Mon Aug 10 2015
Promote your business with the #IMHOME marketing campaign
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royallepageatoutgagnant.ca
Faites connaître vos activités grâce à la campagne de marketing #MONCHEZMOI | l’Atout gagnant
royallepageatoutgagnant.ca – Mon Aug 10 2015
Faites connaître vos activités grâce à la campagne de marketing #MONCHEZMOI
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Key Real Estate WritersFull Articles

The Globe and Mail
A tale of two hot housing markets
The Globe and Mail – Mon Aug 10 2015
Byline:TAMSIN McMAHON
Economic InsightFor the first half of the year, Canada’s housing market has been a tale of just two cities: There’s Toronto and Vancouver, and then there is everywhere else.This week brings several new data releases on the housing market, including July existing home sales updates from the Canadian Real Estate Association and Teranet-National Bank of Canada House Price Index, along with figures for new home sales and housing starts from Statistics Canada. All are expected to show more of the same trend that has dominated the national housing picture this year: strong growth in Toronto and Vancouver, with home prices rising far more modestly, or even falling, in other regions.The Teranet-National Bank house price index « could show a seventh straight monthly increase, buoyed by likely gains in hot markets such as Toronto and Vancouver, » National Bank Financial said in a report last week.The Real Estate Board of Greater Vancouver reported sales of existing homes in the region soared 30 per cent in July compared with the same time last year, pushing up benchmark prices more than 11 per cent. The Toronto Real Estate Board said home sales rose 8 per cent to hit a new July record last month and prices jumped 9.4 per cent for the year.Yet despite big price gains in Toronto and Vancouver, the overall annual pace of average home price growth across the country likely slowed to 4.6 per cent in July, down from 5.1 per cent in June, National Bank said, as weak markets outside of Ontario and British Columbia begin to drag down the national averages.

With low oil prices hurting housing markets in Alberta, Saskatchewan and Newfoundland, and weak economic growth dragging down markets in Quebec and the Maritimes, a larger question looms: How long can the party last in B.C. and Ontario?

Vancouver is benefiting from low interest rates, good job growth and an influx of offshore money into its high-end homes, said real estate broker Bill Binnie.

« If somebody had asked me a year ago what prices were going to do, I would have said they’re going to stay the same, they can’t go up. And they went up 15 per cent, » Mr. Binnie said. « How can prices go up further? Certainly all the factors that caused them to go up are still in place, so I sure don’t see them coming down. »

Several economic forecasts, however, predict that housing markets will begin to cool in both Vancouver and Toronto toward the end of the year and into next year, as a lack of affordability pushes buyers out of the market in Vancouver and rising inventory of new condos in Toronto helps put the brakes on Toronto’s overheated market.

Vancouver home resales are expected to fall 12 per cent next year, Toronto-Dominion Bank forecast in a report last week, while in Toronto, existing home sales could fall by 5 per cent.

Both markets have benefited from strong employment that has been drawing people out of the oil-sensitive regions such as Alberta, TD economist Diana Petramala said. A 0.55-percentage-point fall in five-year mortgage rates between January and April after the Bank of Canada first cut interest rates also helped boost housing markets in Toronto and Vancouver during the first half of this year. But a second central bank rate cut last month hasn’t had the same impact on mortgage rates.

A more likely scenario is that Canadian mortgage rates begin to rise over the next 18 months as the U.S. Federal Reserve increases interest rates, possibly as early as September, helping to cool the country’s two most expensive housing markets.

Even so, few expect that a slowdown in Toronto and Vancouver will presage a housing correction.

TD expects prices in both cities will keep inching upward next year, albeit at a slower pace. Vancouver in particular is prone to cyclical booms and busts as quickly rising home prices eventually push more first-time buyers out of the market. « Prices [in Vancouver] are growing at a double-digit pace right now, but if we use history as a guide, it’s very unlikely that will be sustained into 2016, » Ms. Petramala said.

That should work to slow the overall pace of growth in the national housing market next year. The Canadian Real Estate Association forecasts that national average prices will end the year 5.2 per cent higher, but will grow by just 1.7 per cent next year, driven by weaker growth in Ontario and B.C. and a modest rebound in Alberta’s housing market.

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globeandmail.com
July housing data to show Vancouver, Toronto markets still sizzling; Data releases expected to show more of same trend that’s dominated national housing picture this year: strong growth in Toronto and Vancouver, with prices rising far more modestly, or even falling, in other regions
globeandmail.com – Sun Aug 9 2015, 5:30pm ET
Byline:TAMSIN McMAHON
For the first half of the year, Canada’s housing market has been a tale of just two cities: There’s Toronto and Vancouver, and then there is everywhere else.This week brings several new data releases on the housing market, including July existing home sales updates from the Canadian Real Estate Association and Teranet-National Bank of Canada House Price Index, along with figures for new home sales and housing starts from Statistics Canada. All are expected to show more of the same trend that has dominated the national housing picture this year: strong growth in Toronto and Vancouver, with home prices rising far more modestly, or even falling, in other regions.The Teranet-National Bank house price index « could show a seventh straight monthly increase, buoyed by likely gains in hot markets such as Toronto and Vancouver, » National Bank Financial said in a report last week.The Real Estate Board of Greater Vancouver reported sales of existing homes in the region soared 30 per cent in July compared with the same time last year, pushing up benchmark prices more than 11 per cent. The Toronto Real Estate Board said home sales rose 8 per cent to hit a new July record last month and prices jumped 9.4 per cent for the year.Yet despite big price gains in Toronto and Vancouver, the overall annual pace of average home price growth across the country likely slowed to 4.6 per cent in July, down from 5.1 per cent in June, National Bank said, as weak markets outside of Ontario and B.C. begin to drag down the national averages.With low oil prices hurting housing markets in Alberta, Saskatchewan and Newfoundland, and weak economic growth dragging down markets in Quebec and the Maritimes, a larger question looms: How long can the party last in B.C. and Ontario?

Vancouver is benefiting from low interest rates, good job growth and an influx of offshore money into its high-end homes, said real estate broker Bill Binnie. « If somebody had asked me a year ago what prices were going to do, I would have said they’re going to stay the same, they can’t go up. And they went up 15 per cent, » Mr. Binnie said. « How can prices go up further? Certainly all the factors that caused them to go up are still in place, so I sure don’t see them coming down. »

Several economic forecasts, however, predict that housing markets will begin to cool in both Vancouver and Toronto toward the end of the year and into next year, as a lack of affordability pushes buyers out of the market in Vancouver and rising inventory of new condos in Toronto helps put the brakes on Toronto’s overheated market.

Vancouver home resales are expected to fall 12 per cent next year, Toronto-Dominion Bank forecast in a report last week, while in Toronto, existing home sales could fall by 5 per cent.

Both markets have benefited from strong employment that has been drawing people out of the oil-sensitive regions such as Alberta, TD economist Diana Petramala said. A 0.55-percentage-point fall in five-year mortgage rates between January and April after the Bank of Canada first cut interest rates also helped boost housing markets in Toronto and Vancouver during the first half of this year. But a second central bank rate cut last month hasn’t had the same impact on mortgage rates.

A more likely scenario is that Canadian mortgage rates begin to rise over the next 18 months as the U.S. Federal Reserve increases interest rates, possibly as early as September, helping to cool the country’s two most expensive housing markets. « Toronto and Vancouver, given how lofty prices are right now, have become more vulnerable to even small changes in interest rates, » Ms. Petramala said.

Even so, few expect that a slowdown in Toronto and Vancouver will presage a housing correction. TD expects prices in both cities will keep inching upward next year, albeit at a slower pace. Vancouver in particular is prone to cyclical booms and busts as quickly rising home prices eventually push more first-time buyers out of the market. « Prices [in Vancouver] are growing at a double-digit pace right now, but if we use history as a guide, its very unlikely that will be sustained into 2016, » Ms. Petramala said.

That should work to slow the overall pace of growth in the national housing market next year. The Canadian Real Estate Association forecasts that national average prices will end the year 5.2 per cent higher, but will grow by just 1.7 per cent next year, driven by weaker growth in Ontario and B.C. and a modest rebound in Alberta’s housing market.

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National Post
With this many incentives, why not create a rental suite?; Reno tax credit
National Post – Sat Aug 8 2015
Byline:Garry Marr
The renovation market, already at record levels in terms of spending, could get a major boost from Conservative plans to introduce a tax credit worth up to $750.One area that money could get funnelled into is secondary rental units, like basement apartments, which are also set to get a major lift because of changes made by Canada Mortgage and Housing Corp. »I think people do a fair amount of it, » said Peter Norman, chief economist of Altus Group, referring to how much of the annual $68-billion renovation market goes into creating income suites. « (A new tax credit) obviously comes into play into the renovation numbers, but it’s a small amount. There are lot of reasons why someone might create a basement apartment suite and lots of reasons not to. »If you’re on the fence, Norman says one reason you might shy away from creating a rental suite is that you would lose a portion of the principal residence exemption on capital gains. But, at the same time, the extra income is attractive to people struggling with house prices in cities like Toronto and Vancouver, where the average home is selling for about $1 million and $1.4 million respectively.CMHC, the Crown corporation that is the larger provider of mortgage default insurance in the country, announced changes in July that will make that rental income even more attractive for homeowners. It will allow homeowners to count all the income from their secondary units when qualifying for a loan instead of the current limit of just 50 per cent of income.In order to qualify under the changes, which take effect Sept. 28, secondary units must be legal and conform to local municipal codes – all the more reason to do a legal renovation instead of something under the table with cash. Altus has found about 40 per cent of respondents in a recent survey believe small renovation jobs (under $5,000) are done with cash.

The promise from Stephen Harper to reintroduce the Home Renovation Tax Credit and make it permanent would also likely encourage legal renovations because in order to qualify for the credit you need receipts. The credit would be for 15 per cent of major home renovations between $1,000 and $5,000 annually.

CMHC says one reason for changing its rules is that secondary suites create more affordable housing. Vacancy rates across the country remain low, and the Crown corporation reported in June that the national average for vacancies in the country’s 35 largest markets was just 2.9 per cent. But not everybody thinks further boosts to the housing market is a good thing. Allowing homeowners to count income from rental units could create larger loans, raising prices.

« The Conservative campaign pledge to introduce a new home renovation tax credit if elected this autumn is possibly more misguided than the NDP and Liberal pledges to raise taxes during a recession, » said David Madani, Canada economist for Capital Economics. « With renovation investment and household debt at record highs, encouraging households to invest more at a time when housing is widely believed to be hugely overvalued would create even greater imbalances in the economy. »

Financial Post gmarr@nationalpost.com Twitter.com/dustywallet

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Competitor NewsFull Articles

The Globe and Mail
Density drawing buyers to Calgary’s core; ‘Downtown used to be dead on evenings and weekends, and now, with so many people living there, it’s alive’
The Globe and Mail – Sat Aug 8 2015
Byline:KRISTA CONRAD
From developments without parking spaces to large condo towers in the Beltline, densification is transforming the face of downtown Calgary.Brokers and analysts have witnessed the demand for condo living space accelerate over the past 10 years.Don Campbell, senior analyst with the Real Estate Investment Network, attributes increased interest in condo living to many factors, including relative affordability and access to public transit. But perhaps the greatest motivator is a change in mindset provided by an influx of new residents. »The largest factor [is] inmigration from other regions of the country where condo lifestyle has become more acceptable, » said Mr. Campbell. »As Calgary continues to grow, the demand for higher density and condo lifestyle will increase further. »Christina Hagerty, a specialist in downtown loft properties and agent with Re/Max Realty Professionals, has noticed a strong thirst for downtown living among her new clients. Some are investing in rental property with the intent to make it their own home when they are ready to downsize.

« More and more people are tired of the traffic and the commute, and they are looking ahead and realizing that downtown is the right place for them to be, » said Ms. Hagerty.

Some 2,000 new downtown condo units will be ready for occupancy within the next few months, she said.

But Ms. Hagerty notes that the city has a lot of work to do to accommodate Calgary’s expanding downtown urbanization.

« Calgary is on its way to growing more services for downtown residents, but we still have a way to go. »

She would like to see an increased number of grocery markets and other essentials within walking distance for those who choose to live in the city’s centre, particularly near the East Village area.

« It’s all happening, and it’s very exciting, » Ms. Hagerty said.

« When we build infrastructure and services in the inner city, that’s when we’ll really see urbanization take off. »

One of her current clients, Dr. Elaine Bland, owns a unit in the Chocolate Condos by Battistella Developments, located at 1 St. and 15 Ave. S.W. Looking to upgrade, Dr. Bland purchased another condo in Victoria Place, just three blocks from her Chocolate home.

« I really like this area, » said Dr. Bland. « It’s right in the middle of everything, and I can feel the vibrancy of downtown. »

A Beltline resident of nine years, Dr. Bland is pleased to see the increased interest in Calgary’s downtown and the influx of condo developments.

When she first moved to Calgary’s city centre, hers was the only high-rise condo unit in the immediate area.

« Now there are three other towers on my street alone, » said Dr.

Bland. « It’s created a nice atmosphere. Downtown used to be dead on evenings and weekends, and now, with so many people living there, it’s alive. »

The influx of people who have decided to live, work and play in Calgary’s downtown has led to one of the city’s most recent – and most innovative – condo developments.

N3 Condos, by Knightsbridge Homes, is a 167-unit, 15-storey condominium at 8 Ave. and 4 St. S.E. with one major defining characteristic – no parking spaces.

Each unit is furnished and includes a lifetime membership to Car2Go, $500 in Car2Go mileage credits, a Biria bicycle, and underground storage and bike parking.

« I think Knightsbridge is very forward-thinking, » said Ms. Hagerty.

« The price-point is particularly appealing to people interested in the East Village – $200,000 to $400,000 for a condo within walking distance to downtown is unheard of. » The condo development reflects a movement toward a new urban lifestyle that Calgary is beginning to embrace, she said.

Mr. Campbell believes that the general trend toward densification of the city’s downtown district is a necessary part of Calgary’s evolution.

« It’s holding back sprawl and providing city planners and developers the opportunity to build for the next large cohort of renters and buyers entering the market while creating walkable lifestyle, » he said.

With more condo developments and interest in apartmentstyle living, Calgary is sure to witness a citywide increase in density, he said.

« Absolutely the citizens of Calgary are ready to embrace this new lifestyle, and not just in the downtown core, » said Mr. Campbell.

« We can look at the lifestyle it provides out in the Garrison area of the city, and the growing density down in the southeast, as proof of the walkable lifestyle being embraced with vigour. »

The urbanization movement promises to create a more sustainable lifestyle and culture in Calgary’s core by drawing more residents and increasing demand for amenities.

Ms. Hagerty anticipates significant changes in the Calgary condo market as the number of residents interested in Beltline and downtown living continues to increase.

« Acceptance of the condo market is proof that the city is changing, » said Ms. Hagerty.

« Calgary is growing up, becoming a big city, and people are adjusting to that feel. »

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Quebec Real Estate NewsFull Articles

www.lapresse.ca
Airbnb en voie d’être légalisé au Québec | Jean-Michel Genois Gagnon | Actualité économique
http://www.lapresse.ca – Mon Aug 10 2015
(Québec) Le gouvernement du Québec entamera le processus de légalisation de l’hébergement de type Airbnb cet automne. En revanche, il en percevra des revenus de taxation et augmentera le nombre d’inspecteurs sur le terrain, notamment, pour contrer l’hébergement illégal qui persistera, a appris Le Soleil.
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www.journaldemontreal.com
Devrai-je payer de l’impôt si je vends ma maison? | JDM
http://www.journaldemontreal.com – Mon Aug 10 2015
Je suis tout mêlé, j’ai de la peine à démêler les impôts à payer lors de la vente d’un immeuble à revenus et les revenus de loyer annuels, pouvez-vous m’aider svp?
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www.journalhabitation.com
Liste de frais souvent oubliés par les acquéreurs d’une propriété – Immobilier – Journal de l’habitation
http://www.journalhabitation.com – Mon Aug 10 2015
ACQUISITION. Voici un rappel de quelques éléments négligés dans le budget global, lors de l’achat d’une propriété par les premiers acquéreurs.
© Photo : TC Media L’achat d’une maison est une transaction importante, qui comporte plusieurs aspects nécessitant de bien planifier son budget. (Photo TC Media – Archives)
Autres Nouvelles
Ajouter un peu de gaieté au jardinage sous la pluie
Des écrans de verre pour enjoliver le parterre
Découvrir l’industrie de l’habitation dans une ambiance foraine
Le marché immobilier de Québec en vacances en juillet
L’habitation en vedette en ce début de campagne électorale fédérale
Accrovélo : version revue et améliorée du support à bicyclette
Nouveau concept de construction utilisé aux Triplex Mesnil
Projet inédit de sixplex à consommation nette zéro
Taxe dite de bienvenue
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www.lesaffaires.com
Augmentez la valeur de votre parc immobilier | LesAffaires.com
http://www.lesaffaires.com – Mon Aug 10 2015
Il est révolu le temps où les gens payaient trop cher leurs immeubles, géraient mal et sortaient tout de même gagnants grâce à un marché hyper inflationniste.
Ce qui s’est produit depuis le début des années 2000 semble bel et bien exceptionnel et n’est pas sur le point de se réaliser à nouveau au cours des prochaines années aux dires de plusieurs experts et économistes. Plus que jamais, la réussite en immobilier passe par une saine gestion.
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argent.canoe.ca
Il n’est pas facile de convertir des logements en condos – Argent
argent.canoe.ca – Mon Aug 10 2015
Le propriétaire d’un immeuble à logements locatifs ne peut pas facilement le convertir en copropriété divise, a rappelé vendredi la Régie du logement.
Dans un communiqué, la Régie a tenu à préciser les règles en la matière, en soulignant que les locataires «conservent le droit de demeurer dans leur logement aussi longtemps qu’ils le désirent tant qu’ils respectent leurs obligations».
La conversion est permise uniquement si to
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Le Journal de Québec
Les avantages et les inconvénients ; Acheter une propriété saisie ; Le malheur des uns fait le bonheur des autres. Et le domaine de l’immobilier n’y fait pas exception. Il existe certes des avantages à acquérir une reprise de finance, mais également certains inconvénients.
Le Journal de Québec – Sat Aug 8 2015
Byline:PAMÉLA EGAN
Une personne qui décide d’acheter une reprise de finance doit tout d’abord prendre en considération que la propriété est vendue sans garantie légale, aux risques et périls de l’acheteur. «En vertu du Code civil, tout vendeur d’un bien immobilier a l’obligation de garantir la validité de son droit de propriété et la qualité intrinsèque du bien en question. En contrepartie, la loi permet aux vendeurs de se soustraire à cette garantie légale si la mention «sans garantie légale» est déclarée dans l’acte de vente, clause à laquelle toutes les parties à l’acte de vente acquiescent», explique la Fédération des chambres immobilières du Québec (FCIQ). Cette mention signifie que l’acheteur n’a aucun recours s’il découvre un vice ou un problème relatif au droit de propriété.Autre ombre au tableau, l’acheteur doit prévoir plusieurs frais supplémentaires lorsqu’il achète une propriété saisie. Bien souvent, l’acheteur a la responsabilité de fournir le certificat de localisation à ses frais, sans compter qu’il peut être tenu de verser un dépôt sur la propriété dès qu’il dépose sa promesse d’achat. «De plus, dans la majorité des cas, les liquidateurs n’acceptent que des promesses d’achat sans condition », ajoute l’organisme.Enfin, il ne faut pas négliger le fait que dans bien des cas, comme la propriété est vendue telle quelle, l’acheteur doit entreprendre de nombreux travaux et réparations. Ce dernier doit donc prévoir ces coûts.LES AVANTAGESBien des avantages peuvent faire pencher la balance en faveur de l’achat d’une reprise de finance. Le premier avantage : les propriétés saisies se vendent en moyenne moins cher que les autres propriétés. En effet, si l’on se fie aux données du système Centris®, les maisons unifamiliales saisies de la province se sont vendues au prix moyen de 151 771 $ en 2014, alors que ce prix s’élevait à 265 536 $ pour les propriétés dites régulières. Il s’agit d’un écart de 113 000 $. Quant à l’écart du prix moyen des copropriétés et des plex, il se situait à plus de 97 000 $ et de 179 000 $ respectivement.Dans la Capitale-Nationale, le prix de vente moyen d’une propriété unifamiliale en reprise de finance s’élevait à 159 269 $, alors qu’il était de 264 679 $ pour une propriété non reprise. L’organisme précise toutefois que «les propriétés saisies ne sont pas nécessairement un échantillon représentatif de l’ensemble des propriétés. L’écart de prix ne tient pas compte de la répartition géographique et des caractéristiques physiques des propriétés».

Autre élément constaté par la FCIQ : les liquidateurs sont habituellement plus flexibles sur le prix de vente des propriétés que les propriétaires qui vendent leur résidence. «Les données Centris® démontrent qu’en moyenne, les propriétés résidentielles vendues en tant que reprise de finance en 2014 se sont transigées à 92 % du dernier prix demandé, contre 94 % pour l’ensemble des ventes résidentielles, ce qui témoigne d’un certain empressement de liquider de la part des créanciers», souligne l’organisme.

Une personne qui souhaite acquérir une propriété saisie doit être prête à agir rapidement, car de telles propriétés ne demeurent pas longtemps sur le marché. À l’échelle provinciale, les maisons unifamiliales saisies se sont vendues en moyenne en 72 jours en 2014, alors que 114 jours ont été nécessaires en moyenne pour l’ensemble des maisons de la province. Du côté de la copropriété saisie, le délai de vente moyen se chiffrait à 83 jours contre 132 jours, alors que du côté des plex, il fallait compter en moyenne 73 jours pour vendre un plex saisi et 100 jours pour un plex en général. En comparaison, les propriétés unifamiliales ayant été reprises dans la Capitale-Nationale se sont vendues en 68 jours en moyenne contre 118 jours pour celles qui n’ont pas été reprises.

Il est donc important de bien peser le pour et le contre avant de décider d’acheter une reprise de finance.

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Industry ReportsFull Articles

CBC.CA News
Big week ahead for Alberta’s housing industry
CBC.CA News – Sun Aug 9 2015, 9:20am ET
Byline:CBC News
This week we’ll get a veritable potpourri of housing information for Alberta.On Tuesday, the Canada Mortgage and Housing Corporation (CMHC) will be releasing the number of housing starts in the province for the month of July.On Thursday, Statistics Canada will release the new housing price index for June and on Friday we get both the existing sales numbers for July, as well as the MLS home price index for the same month.Lots of dataIt’s a lot of data, but is there one piece that has more weight?Housing starts are typically considered to be leading economic indicators, as they are forward looking, while numbers like the MLS existing house prices are considered to be a lagging one.

Scott Smith, the senior market analyst at Cambridge Payments in Calgary, believes that when it comes to Canadian housing data, you need to factor in all of the information together to get an overall reading of the housing market.

Smith is expecting to see the trend we’ve been seeing over the course of 2014 and early 2015 continue where there is a dichotomy in terms of the market in general.

He thinks house prices will remain elevated in Toronto and Vancouver but we’ll continue to see slippage in Alberta.

Downward trend

« You’ll see pockets of strength in certain markets, but again we’re likely to see housing prices in Alberta continue to trend downward with the downturn in energy prices, » he said.

Smith thinks we’re likely to see that softness permeate through to housing starts and permits at the same time in Alberta.

Hilliard MacBeth, a portfolio manager in Edmonton and author of the book the Bubble Bursts: Surviving the Canadian Real Estate Crash, says he’ll be watching the housing start numbers, since Alberta’s have been some of the highest in all of Canada.

« Edmonton actually even more than Calgary, year over year up until recently, showed gains of 49 per cent, which is pretty amazing when you think that we’re going into this difficult economic environment with the lower oil price. »

But the number Hilliard is waiting for, along with everyone else, is the GDP numbers we get on Sept. 1. That’s when we’ll get the answer to the most asked question of the summer ? are we in a recession or not.

« Alberta’s probably got the most difficult path to go through, because we had the biggest expansion and the biggest investment, we saw a very rapid expansion of our housing industry and the construction industry. So we have the most to lose in terms of a slowdown. »

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Financial Post
The perfect storm to create a rental unit in your property
Financial Post – Fri Aug 7 2015
Byline:Garry Marr
The renovation market, already at record levels in terms of spending, could get a major boost from Conservative plans to introduce a tax credit worth up to $750. (news.nationalpost.com)One area that money could get funnelled into is secondary rental units, like basement apartments, which are also set to get a major lift because of changes made by Canada Mortgage and Housing Corp. (business.financialpost.com) »I think people do a fair amount of it, » said Peter Norman, chief economist of Altus Group, referring to how much of the annual $68 billion renovation market goes into creating income suites. « (A new tax credit) obviously comes into play into the renovation numbers, but it’s a small amount. There are lot of reasons why someone might create a basement apartment suite and lots of reasons not to. »If you’re on the fence, Norman says one reason you might shy away from creating a rental suite is that you would lose a portion of the principal residence exemption on capital gains. But, at the same time, the extra income is attractive to people struggling with house prices in cities like Toronto and Vancouver, where the average home is selling for about $1 million and $1.4 million respectively.CMHC, the Crown corporation that is the larger provider of mortgage default insurance in the country, announced changes in July that will make that rental income even more attractive for homeowners. It will allow homeowners to count all the income from their secondary units when qualifying for a loan instead of the current limit of just 50 per cent of income.Related

Canadians spending more on fixing homes than buying new ones as renovations top $68 billion (business.financialpost.com)

CMHC announces new rules to make it easier for homeowners to rent out property (business.financialpost.com)

In order to qualify under the changes, which take effect Sept. 28, secondary units must be legal and conform to local municipal codes – all the more reason to do a legal renovation instead of something under the table with cash. Altus has found about 40 per cent of respondents in a recent survey believe small renovation jobs (under $5,000) are done with cash.

The promise from Stephen Harper to reintroduce the Home Renovation Tax credit and make it permanent would also likely encourage legal renovations because in order to qualify for the credit you need receipts. The credit would be for 15 per cent of major home renovations between $1,000 and $5,000 annually.

CMHC says one reason for changing its rules is that secondary suites create more affordable housing. Vacancy rates across the country remain low, and the Crown corporation reported in June that the national average for vacancies in the country’s 35 largest markets was just 2.9 per cent.

But not everybody thinks further boosts to the housing market is a good thing. Allowing homeowners to count income from rental units could create larger loans, raising prices.

« The Conservative campaign pledge to introduce a new home renovation tax credit if elected this autumn is possibly more misguided than the NDP and Liberal pledges to raise taxes during a recession, » said David Madani, Canada economist for Capital Economics. « With renovation investment and household debt at record highs, encouraging households to invest more at a time when housing is widely believed to be hugely overvalued would create even greater imbalances in the economy. »

gmarr@nationalpost.com(mailto:%20gmarr@nationalpost.com )

Twitter.com/dustywallet (Twitter.com)

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