The real estate rebound that lifted property values around the world is losing momentum, Bank of Nova Scotia says in a new report.
The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province declined 42 per cent to 5,784 units in July compared to the same month last year. On a seasonally adjusted basis, MLS® residential unit sales in the province declined 19 per cent in July from June 2010. The average MLS® residential price climbed 6 per cent to $491,832 in July compared to the same month last year.
Twenty + Change: Emerging Canadian Design Practices features twenty-one emerging firms from across Canada working in architecture, landscape architecture and urban design. These projects rethink urban infrastructure, propose new models for public space and housing, and examine the unique relationship between the single-family house and landscape.
Weâ€™re supposed to be out there having fun, but a painful sunburn or nasty dose of food poisoning wonâ€™t enhance anyoneâ€™s summer.
Itâ€™s easy to avoid most of the usual risks lurking in the campground or on the barbecue with some common-sense precautions recommended by health officials.
People who already have a health condition, often the elderly, are likely to be hardest hit by air pollution, excessive heat or a bout of food poisoning.
The slowdown in the Canadian resale housing market was “dramatic” last month, but the sector got a boost Tuesday from statistics that show new home construction is not falling as fast as anticipated.
In fact, Ottawa, which often goes against the trend in economic indicators, saw housing starts increase by 42 per cent in July as builders stepped up apartment projects. CMHC said July was Ottawa’s busiest construction month so far this year.
Adrienne Warren, an economist with the Bank of Nova Scotia, said residential real estate began to slow globally in the second quarter after demand and pricing recovered in the first quarter.
Four months after the organizing committee for the 2010 Winter Games returned the Olympic Village to the city, and nearly four months after city council determined half of the 252 social housing units would be subsidized and half would be market rental, all 252 of these units remain empty.
The city and B.C. Housing have yet to release a request for proposals for a non-profit operator or operators. Non-profits can apply to manage the social housing, the rental housing, or both.
It may not have been cheap to build, but a â€œgreen dreamâ€ demonstration house in Kamloops will be cheap to maintain.
The 3,000-square-foot home located in the Sun Rivers development is so loaded with energy-efficiency features that the estimated net cost for a yearâ€™s worth of electricity will be zero.
A rooftop array of solar photovoltaic panels generate enough power to warrant installation of a dual-purpose electricity meter that tracks the amount of energy consumed as well as surplus power dispatched onto the grid when the home doesnâ€™t need it.
Global real estate markets entered 2010 with a renewed sense of optimism, piggybacking on the broader economic recovery underway. Housing demand and pricing improved in the first quarter of the year in the majority of the advanced nations we track, benefitting from ultra-low interest rates, improved affordability, and in some cases, government purchase incentives
There was no way Allan Bernardo could afford to buy his own home in his east Vancouver neighbourhood. But thanks to the cityâ€™s laneway housing policy, heâ€™s going to have his own â€œFonzie suiteâ€ in the familyâ€™s backyard.
Dethroning Appleâ€™s iPhone could prove to be too big a bite for some of the old leaders of the cellphone industry, including LG Electronics, who are only now scrambling to catch up with their phones and services.
Nokia, Samsung and LG control 70 per cent of the total handset market but their failure to stop Appleâ€™s roaring march in the smart phone market has hit their profits and is now raising questions about whether it is a fight they will want to continue.
Apple, which entered the handset industry only three years ago, makes one iPhone for every 13 phones Nokia sells, but it generates larger total profit from these fewer phones.