Steve Ladurantaye Real Estate Reporter
From Wednesday’s Globe and Mail Published on Tuesday, Jul. 13, 2010 8:06PM EDT Last updated on Tuesday, Jul. 13, 2010 8:25PM EDT
Half a world away, a handful of Chinese citizens are feverishly planning a Canadian real-estate shopping excursion. Continue reading
 Leng Hongli (right), a real estate agent in the Wangjing area of Beijing, introduces houses on sale to a customer on Wednesday. Zhang Wei / of China Daily |
Surging market pushes up housing prices as well as realtor’s income
BEIJING – Leng Hongli is riding high on the real estate express.
http://www.chinadaily.com.cn/cndy/2010-04/08/content_9699735.htm
Boosted by soaring housing prices, 30-year-old Leng earned 100,000 yuan ($14,700) in commissions last month after selling seven apartments in Beijing’s Wangjing area. Continue reading
Nichola Saminather, Bloomberg News · Tuesday, Jul. 6, 2010
Tamara Jenkins has been outbid about 20 times in her nine-month quest to buy an apartment in Melbourne’s inner suburbs.
“I started with such enthusiasm,” the 36-year-old public relations director said in an interview. “I’m so frustrated with the process. I’m ready to buy, but I keep missing out.”
The source of her frustration — a shortage of 200,000 dwellings — is helping fuel Australian home prices, which are 82% higher than in the United States, and disproving investors such as Jeremy Grantham, who says they will fall 42% as interest rates rise in one of the world’s priciest home markets. Continue reading
Business Reporter
Tony Wong – July 6, 2010
http://www.yourhome.ca/homes/articlePrint/832473
It’s an occupational hazard Barry Lebow would rather do without.
Before entering a home to inspect it, the veteran real estate appraiser typically gives the butt of his jeans a quick dousing of bug spray.
“I promised myself that I wouldn’t bring home bedbugs again — that stuff is murder,” says Lebow of Lebow, Hicks Ltd. “We didn’t sleep for three weeks.” Continue reading
Tim Shufelt, Financial Post · Friday, Jul. 2, 2010
Perhaps you want to upgrade your current living quarters to something slightly more palatial, but that would require your riches to be slightly less imaginary.
So you could take the dignified route and accept that fate prefers to store you in a glorified shack, or you can masquerade in a delusional fantasy of boundless wealth.
Fantasy it is. And as it turns out, there are options for those looking to dislodge from reality. Continue reading
Karen Howlett, Whitby, Ont.
From Friday’s Globe and Mail Published on Thursday, Apr. 08, 2010 12:37PM EDT Last updated on Friday, Apr. 09, 2010 5:45AM EDT
Ontario is about to rival Prince Edward Island as the province with the highest electricity prices in Canada, and rates will, for the first time, exceed the average cost of keeping the lights on in the United States
Residential customers in Ontario will pay $300 more a year on average for electricity by the end of 2011, an increase of 25 per cent, according to energy consultants. And the rate increases won’t end there. Investments of more than $8-billion in green energy projects unveiled by the Ontario government Thursday will add another $60 a year to hydro bills by 2012. Continue reading
June 07, 2010
John Spears
A dozen years after Ontario overhauled its property assessment system, Toronto’s biggest office towers bearing the names of the Big Five banks are still fighting for lower assessed values.
The towers carried their battle to Ontario’s highest court Monday, looking for a decision that could ultimately help them win tax refunds of up to $150 million, and see their assessed value reduced by $1 billion or more. Continue reading
