Section: Real-estate

Building permits, July 2013

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Building permits, July 2013 - building permits construction

Building permits, July 2013

Contractors took out building permits worth $8.0 billion in July, up 20.7% from June. The total value of building permits continued to trend upward on the strength of six gains in seven months.

No Boom, No Bust as Condo Market Remains Stable Across the Country

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No Boom, No Bust as Condo Market Remains Stable Across the Country -

No Boom, No Bust as Condo Market Remains Stable Across the Country

Record growth is not in the foreseeable future of the condo market, but it is also likely the sector will be able to avoid a major downturn, according to the latest Conference Board of Canada condo report released by Genworth Canada.  While markets in major centres such as Vancouver, Montreal and Toronto have been of particular concern, The Summer 2013 Metropolitan Condo Outlook suggests population growth and employment gains will help maintain demand levels to absorb supply inventory.

Canadian homes slightly less affordable in the second quarter of 2013

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Canadian homes slightly less affordable in the second quarter of 2013 -

Canadian homes slightly less affordable in the second quarter of 2013

Owning a home in Canada became slightly less affordable in the second quarter of 2013. Erosion in affordability didn’t hinder activity, however; home resales and housing starts have shown renewed vigour since the spring across the country, reversing part of the cooling that took place in the second half of 2012 and early 2013.

Consumer Price Index, July 2013

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Consumer Price Index, July 2013 -

Consumer Price Index, July 2013

Shelter costs rose 1.3% in the 12 months to July, after increasing 1.2% in June. Compared with July last year, natural gas prices and rent increased, while mortgage interest cost declined 3.8%.

Provincial Real Estate Market: Fourth Consecutive Quarterly Drop in Sales

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Provincial Real Estate Market: Fourth Consecutive Quarterly Drop in Sales -

Provincial Real Estate Market: Fourth Consecutive Quarterly Drop in Sales

Most of the province’s Census Metropolitan Areas  (CMAs)  registered a drop in sales in the second quarter of  the year,  including Saguenay (-15 per cent), Québec  City  (-14 per cent), Trois-Rivières (-13 per cent), Montréal (-9 per cent)  and  Gatineau (-7 per cent).  The  Sherbrooke  Metropolitan  Area  was the exception, registering a  4  per cent increase  in  residential  transactions.  Many  agglomerations  in  the  province  also  managed  to  avoid  the  downward sales  trend,  including  Victoriaville (+28  per cent), Mont-Tremblant (+26  per cent), Rivière-du-Loup (+19  per cent), Saint-Adèle (+13  per cent), Shawinigan (+9  per cent)  and  Drummondville (+8  per cent),  which posted the largest increases in sales.