Canadian Real Estate News

Letting Air Out Of The Bubble: Canada’s Housing Market Balancing

  March 18, 2010 – 7:24 am

Canada's housing market may be strong but economists are predicting a levelling off in coming months, easing fears of an asset bubble. Stronger inventory, new taxes and tougher mortgage rules should all play a role in cooling the booming housing market in the near future, say analysts, and end-of-year interest rate hikes are expected further squelch what many feared was becoming an unsustainable ascent. New Inventory to Satisfy Demand A recent release by the CREA indicates that available units rose 2.4% to 73,849, the strongest inventory data since October 2008.  The additional availability will help satisfy the continuing demand, which is expected to stay strong in the next couple of months and then adjust downward. Currently, the CREA figures show there is sufficient inventory for the next 4.7 months, up from 4.5 months in January.  With a better supply, buyers will not be forced to compete for a limited ...

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April To Bring New Mortgage Rules Across Canada

  March 11, 2010 – 3:19 pm

Canada's Minister of Finance announced significant changes last month to government-backed mortgages, meant to reduce speculation and ensure future affordability for owners. Minister Jim Flaherty announced three new measures that are to come into effect April 19 th , 2010, that will affect all high-ratio insured mortgages.  The move comes at a time when Canada's booming housing market has sparked fears of a bubble, fueled by record-low interest rates.  Many economists are concerned some buyers have been lured into the market by today's cheap credit, but are unprepared for the inevitable hikes in interest rates that are predicted to begin the second half of 2010.  Subduing a Stable Housing Market However, Mr Flaherty has downplayed the dire predictions, stating that government efforts to stimulate spending were intentional and effective, and that the measures are now meant to moderate the housing market before unsustainable expansion takes hold. "Canada's housing market ...

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Canadian Economy Cautiously Golden

  March 11, 2010 – 3:12 pm

Canada's economy is showing a robust upturn with official figures pinning growth at 5% in the last quarter of 2009, outstripping predictions for more modest growth. The news from Statistics Canada is a welcome indicator that Canada, like the US, is bouncing back from the devastating recession that has sent economies tumbling worldwide. This marks the strongest growth since 2000, well above the 4.1% growth predicted by analysts for the end of 2009, and soaring past third quarter gains of just 0.9%.  The US also announced strong recovery numbers, with its economy expanding by 5.9% for the same period. Real Estate and Spending Drive Growth Exports and real estate transactions played a key role in the recovery, with the housing market showing strong gains through 2009.   January's figures showed sales increased 87% over the same period in 2009, and home prices are up an average 20% nationwide.  Consumer confidence has ...

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PropertySold.ca Mentioned in Canadian Real Estate Magazine article

  March 11, 2010 – 2:18 pm

In the latest issue of "Canadian Real Estate Magazine" our company has been mentioned in an article entitled "Dropping the Agent" by Kit Kadlec. Please click on the thumbnails below to read the article in it's entirety.

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PropertySold Adding Sharing to Property Listings

  February 23, 2010 – 11:32 am

Later on today users of Propertysold.ca will notice that each listing will now include popular sharing options with each listing (like facebook, twitter, myspace and over 200 more). We are allowing web users to bookmark your listings which will bring more exposure to your real estate for sale at no additional charge or configuration from you. We feel this technology offers a win win for us and our customers. If you have any feedback on this new feature please email support@propertysold.ca. The buttons will look like:

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Happy Valentine’s Day To You From PropertySold

  February 14, 2010 – 11:01 am

Now get off our website and take your mate out for dinner :)

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Real Estate Question & Answer Section Online

  February 10, 2010 – 9:01 am

Some of you may have noticed we have a new section on the website where you can ask real estate questions and get real answers from real estate professionals. We have been running this system for a week now in trial mode but would now like to encourage anyone and everyone to try it out. Tell us what you like and what you don't like. Real Estate Question & Answer - Ask an Expert!

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Helpdesk Online - Submit Your Tickets

  February 8, 2010 – 7:18 pm

http://help.propertysold.ca Please submit your trouble tickets at this address. Our customer support staff has been trained and is ready to man the battle stations. We are going to keep it in a trial this week. If you are reading this feel free to submit a ticket but we will not be adding the new "Support" tab until next week as we work through the kinks with our users.

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PropertySold Customer Helpdesk Finalized & Online Monday

  February 5, 2010 – 3:53 pm

Our engineering team has finalized the helpdesk installation along with a new FAQ system. The official launch of these systems will be next Monday but customers may get a sneak peak at these systems by following the links below. Please bear with us as we continue to tweak the system. If you have problems loading the pages that is probably us making some changes. PropertySold Customer Support System - Submit trouble tickets to our customer support team. PropertySold FAQ System - Get answers to your questions about Propertysold and our services. You will notice a new tab in the main menu of the website labelled "Support" after we officially launch so watch out for it.

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Internet Explorer Problems Resolved

  February 5, 2010 – 10:59 am

Our engineers have solved the problem with some pages not displaying in some versions of Internet Explorer. There was a problem in areas that had many listings where the page would not completely load because there was too much data being passed to our Google maps. We have taken steps to lighten the load on our servers while generating our maps and this has made the problem disappear. We will continue to monitor the site and it's functionality and we welcome your calls at our customer service line if you are still experiencing difficulties. 1-866-686-9929.

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