Third of Canadians uncertain when buying a home

Concerns about affordability, paying too much, rising interest rates and mortgage qualification top the list: CMHC

Third of Canadians uncertain when buying a homeBuying a home can be a daunting experience for many people. A new survey, released on Thursday by Canada Mortgage and Housing Corp., backs that sentiment up. The agency’s annual Mortgage Consumer Survey said 37 per cent of homebuyers continue to feel concern or uncertainty when buying a home, adding that concerns related to affordability…

Smoking cannabis at home a bad idea for most Canadians: report

The survey found that homeowners felt that lighting up would harm a home’s resale value, as would growing cannabis

Smoking cannabis at home a bad idea for most Canadians: reportA new survey by residential real estate company Zoocasa says most Canadians feel that smoking cannabis inside their homes is a bad idea. The survey found that 64 per cent of homeowners felt that lighting up would harm a home’s resale value. Also, 57 per cent felt that growing the legal amount of cannabis, which…

Millennials giving up on ever owning a home in a Canadian city

It now takes 53.5 per cent of your income to service the costs of buying a single-family home

Millennials giving up on ever owning a home in a Canadian cityThe proportion of household income needed to service the costs of a single-family home grew to 53.5 per cent in the first quarter of 2018, according to a report released Wednesday. And that is one reason Canadians, especially millennials, are abandoning their dream of ever owning housing in the city and and are now looking to…

Locnest helps put a roof over renters’ heads

Sébastien Barrillier of Locnest talks about how their model offers a simple solution to the security deposit problem

Locnest helps put a roof over renters’ headsSebastien Barrillier is president of Locnest. What is Locnest and how does it work? Barrillier: Locnest provides lease guarantee services to Canadian landlords and tenants. Our lease guarantee can replace security deposits in jurisdictions where they’re permitted and act as a guarantor or co-signer in jurisdictions where they’re not, providing landlords with a secure and…

Canadian commercial real estate attractive to investors

Viewed globally as a safe haven, given the country's stable economic and political climate, and sound market fundamentals

Canadian commercial real estate attractive to investorsInvestors remain enthusiastic about Canada's commercial property market, despite uncertainty surrounding rising interest rates, the lateness of the investment cycle and – in particular – scarcity of available product to meet insatiable demand, says a new report by commercial real estate firm Avison Young. Canada is still viewed globally as a safe haven, given the…

Taking the stress out of moving

Nate Edwards talks about how Virtuo’s tech-enabled service saves customers time and eases headaches

Taking the stress out of movingNate Edwards is co-founder and managing partner of Virtuo. Calgary’s Business: What is Virtuo and when was it founded? Edwards: Virtuo is a tech-enabled customer experience company that makes transitioning and settling into a new home simple and stress free. We save homebuyers more than 40 hours of their time by facilitating everything for them,…

Canadian commercial real estate market booming

Toronto and Vancouver remain the primary destinations for commercial real estate. Calgary, Montreal and Edmonton rounded out the top five

Canadian commercial real estate market boomingIt’s been a record year for the Canadian commercial real estate industry so far in 2018. According to a new report released Monday by CBRE Canada, there were $16.5 billion worth of transactions in the second quarter of the year, up 38 per cent from the previous record total of $11.97 billion in the first…

Creating harmonious spaces with soul in the home

Ana Cummings of ANA Interiors strives to combine a sense of purpose, style, beauty, art and culture in her work for homeowners

Creating harmonious spaces with soul in the homeAna Cummings is owner and principal designer of ANA Interiors. Calgary's Business: Tell me about ANA Interiors. How and when did it start? What do you do? Cummings: ANA Interiors is a multiple national-award-winning full-service design and decorating firm, which was incorporated in 2016. I had practised professionally for 10 years prior to that under…

Solid quarter results for Calgary-based Boardwalk REIT

‘With the rental market in Alberta reaching a level of balance, we continue to focus on executing on our revenue growth strategy’

Solid quarter results for Calgary-based Boardwalk REITCalgary-based Boardwalk Real Estate Investment Trust had what it calls a “solid’ second quarter with gains in rental revenue as well as average occupancy and average monthly rents throughout its portfolio. “The positive revenue trend that began approximately nine months ago from improved occupancy and higher rents as a result of our front-loaded investment in…

Millennials “unprepared” for down payment costs, survey suggests

A survey of more than 9,000 potential homebuyers found that those between the ages of 25 and 38 were “unrealistic” about how long it would take to raise the down payment

Millennials “unprepared” for down payment costs, survey suggestsThe majority of millennials underestimate the time and cost of getting their foot in the housing market door, a recent study from the real estate company Point2Home suggests. Property values, and by association, down payment costs, vary drastically across the country. But a nationwide survey of more than 9,000 potential homebuyers found that prospective buyers…

Mortgage stress test suppressing housing activity, says report

A Mortgage Professionals Canada report says the effects of federal policies are especially concerning in areas already dealing with economic instability, notably Alberta

Mortgage stress test suppressing housing activity, says reportA report by Mortgage Professionals Canada says new federal government policies are suppressing housing activity in the country. The Report on the Housing and Mortgage Market in Canada, which was released on Wednesday, also said the overall strength of consumer sentiment has been weakened by increasing interest rates and the new rules making it more…

Mainstreet Equity reports ‘promising’ results

Rental revenue increases, vacancy rate drops despite lingering economic uncertainty in Alberta

Mainstreet Equity reports ‘promising’ resultsCalgary-based Mainstreet Equity Corp. saw rental revenue increase and its same asset vacancy rate drop in the third quarter of its fiscal year. The company, which is an add-value, mid-market consolidator of apartments in Western Canada, reported on Tuesday that rental revenue increased 11 per cent to $29.3 million in the quarter, which ended June 30.…

Investment fund targets malls that satisfy everyday consumer needs

Triumph Real Estate Investment Fund Trust focuses on properties that offer services free of Internet competition

Investment fund targets malls that satisfy everyday consumer needsDavid Wallach is president and founder of Triumph Real Estate Investment Fund Trust. Troy Media: What's the history behind the Triumph Real Estate Investment Fund Trust? When did it start and who’s behind it? Wallach: The idea of creating a fund started on October 2012 in Calgary. It took my partner Craig Bentham and me…