Flaherty says he wishes housing short sellers ‘bad luck’

13/05/27 3:16 PM ET Sean Kilpatrick/The Canadian PressFinance Minister Jim Flaherty says he wishes “bad luck” to short sellers seeking to profit from declines in housing prices. Finance Minister Jim Flaherty says he wishes “bad luck” to short sellers seeking to profit from declines in the nation’s housing prices. Flaherty, speaking to reporters in Waterloo,…

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Flaherty dismisses worries over housing market amid ‘healthy’ correction

Last Updated: 13/05/24 3:48 PM ET Sean Kilpatrick/The Canadian PressFinance Minister Jim Flaherty says he is pleased that the condo market in big cities, particularly Toronto and Vancouver, has moderated. OTTAWA — Finance Minister Jim Flaherty is dismissing fears about Canada’s housing market, saying the current slowdown is welcome news and that there is no need…

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For Sale By Owner’ founder sells his home… using a real estate broker

Colby Sambrotto, who founded a website for DIY-real estate, just sold his Chelsea apartment for $2.15million The founder of a website helping people to sell their own homes has found a buyer for his own apartment – with the help of a traditional real estate broker. ForSaleByOwner.com creator Colby Sambrotto even paid the standard 6%…

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Canadian banks: Safe as houses?

Last Updated: 13/05/07 8:44 AM ET Brett Gundlock/Bloomberg: Have the banks created a monster that will ultimately lay waste to their capital along with the economy? We’ve certainly seen what housing busts can do in the U.S., Ireland, Spain, Greece and now, apparently, Slovenia. Royal Bank of Canada CEO Gord Nixon is a master at parrying…

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It’s love at first sight for most new homebuyers

13/05/02 10:21 AM ET FotoliaBank of Montreal study looked at the psychology of house hunting and found some surprising trends. TORONTO — Looking for a perfect home can be an emotional roller-coaster, but a new study suggests finding the right property often comes down to love at first sight. homebuyers know if a house is…

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Updating your home means updating your insurance policy

Last Updated: 13/05/01 9:57 AM ET David Banks/Bloomberg: Renovating your house? Tell your insurance company. When you add an extension to your home, install new security devices or replace your weathered roof, your insurance policy may also need a makeover. A new TD Insurance poll suggests that the majority of Canadian homeowners don’t disclose home improvements…

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U.S. home prices climb in February from year ago by most since 2006

13/04/30 9:27 AM ET Scott Olson/Getty Images: The Standard & Poor’s/Case-Shiller 20-city home price index climbed 9.3% in the 12 months ending in February. That’s up from an 8.1% gain in January. WASHINGTON — U.S. home prices rose in February compared with a year ago by the most in nearly seven years, as a growing…

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Even in a real estate slump, Canadians lured into bidding wars

 Last Updated: 13/04/23 6:34 PM ET Tyler Anderson/National Post: A new survey from Bank of Montreal finds 72% of buyers are unwilling to get into a bidding war. Among first-time buyers, 37% are willing to go “over budget,” BMO said in a news release Tuesday. People still willing to jump into real estate bidding wars might…

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Path to homeownership tougher for younger Canadians than was for Boomers: poll

Last Updated: 13/04/23 11:41 AM ET Rick MacWilliam/Edmonton Journal: Perhaps the most unique challenge faced by would-be Gen Y homeowners: student debt. Young Canadians face more challenges when it comes to buying their first home than their Baby Boomer parents did in decades past, a new poll from TD Canada Trust suggests. Steeper down payments, higher…

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Billions flow into the hottest new U.S. housing asset — rentals

 Last Updated:13/04/23 9:38 AM ET Konrad Fiedler/Bloomberg: Banks are increasingly offering financing to investors to buy homes, with Deutsche Bank AG this month arranging a loan facility to Five Ten Capital LLC backed by mortgages on the properties, a structure that may enable bonds to be issued tied to rentals. Donald R. Mullen Jr., who…

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