Archive for May 2011

CMHC ups 2011 housing starts view

TORONTO (Reuters) – Canada Mortgage and Housing Corp (CMHC) slightly raised its forecast for 2011 housing starts on Monday, citing an improving economy and still-low interest rates.

In a second-quarter housing outlook, the federal housing agency also forecast higher existing home sales than industry group Canadian Real Estate Association (CREA).

It said it expected housing starts to total 179,500 units this year, then climb to 185,300 units in 2012.

In February, CMHC had said it expected 2011 housing starts of 177,600, rising to 183,800 in 2012. Read the rest of this entry »

Green home a sign of things to come

Many of these costly features will become affordable in time


What details would you include in a home built to the highest environmental standards? The answer to this question is always changing, but one new Canadian home I know about could be the closest thing to state of the art.It’s designed by visionary architect Bill Dewsen and incorporates more than four dozen technical features that work together to reduce overall environmental impact, with one particular detail poised to make a difference in a growing number of Canadian homes.The owners have asked for privacy as far as location of their house is concerned, but they have been open about the details that make their place green, including one detail in particular that we’re seeing on more and more houses. Read the rest of this entry »

Top 10 features of a profitable rental property

From the first decision to invest in real estate to actually buying your first rental property, there is a lot of work to be done. This task may be daunting for the first-time investor. Owning property is a tough business and the field is peppered with land mines that can obliterate your returns. Here we’ll take a look at the top 10 things you should consider when shopping for an income property. (For related reading, check outSimple Ways To Invest In Real Estate.)

Read the rest of this entry »

National Garage Sale for Shelter Raises More Than $400,000

in Support of the Royal LePage Shelter Foundation

#GarageSale4Shelter @RLPShelterFdn @Royal_LePage

Every dollar raised supports local women’s shelters and programs to end family violence

TORONTO, ONTARIO–(Marketwire – May 26, 2011) -

Editors note: There are three photos associated with this press release.

Who could have imagined that selling old dishes, unwanted furniture and outgrown toys could save a woman’s life and give a young person the chance for a brighter future?

Yet on May 14, 2011, Royal LePage offices across the country hosted the 3rd Annual National Garage Sale for Shelter and did just that. Thanks to their dedication, creativity and hard work, and the support of local community members, the event set a new record by raising more than $400,000 in support of the Royal LePage Shelter Foundation. Read the rest of this entry »

April sales return to pre-HST levels

Members of the Ottawa Real Estate Board sold 1,536 residential properties in April through the Board’s Multiple Listing Service® system compared with 1,814 in April 2010, a decrease of 15.3 per cent. The five-year average for home sales in April is 1,612.

Of those sales, 316 were in the condominium property class, while 1,220 were in the residential property class. The condominium property class includes any property, regardless of style (i.e. detached, semi-detached, apartment, stacked etc.), which is registered as a condominium, as well as properties, which are co-operatives, life leases and timeshares. The residential property class includes all other residential properties. Read the rest of this entry »

Royal LePage Gale Kanata Garage Sale for Shelter May 14th 2011

Royal LePage Gale Kanata Garage Sale for Shelter May 14th 2011

Royal LePage Gale Real Estate in Kanata invites YOU to PARTICIPATE in our 1st Annual Yard Sale. All proceeds will be donated directly to shelters that service women & children in the Ottawa area. You may participate:
By donating gently used items which may be dropped off at 591 March Rd @ Terry Fox Call 613 270-8200 for Drop Off Hours
By dropping in to browse & buy some of the many treasures we will be offering

Also available – BBQ, Silent Auction, Bake Saleplus Free Balloons & Face painting for the Kids

More Info

Competition Bureau asked to settle new fight over MLS listings

STEVE LADURANTAYE – The Globe and Mail

A fresh fight is brewing in the home sales industry, as the associations that represent real estate agents try to enforce restrictions on new, lower-cost competitors in an effort to prevent them from doing business across provincial boundaries.

The competitors offer low-cost, flat-fee listings on, and were under the impression they would be able to accept clients from across the country after the real estate industry settled a case with the Competition Bureau last year that allowed them entry to the market.

Several of the companies say they are being forced out of business by real estate boards who are interpreting provincial legislation in a way that prevents them from competing with commission-based agents, and they are calling on Competition Commissioner Melanie Aitken to step back into the fray. Read the rest of this entry »

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