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Real Estate Prices in Fort McMurray Suffer Huge Drop

FORT MCMURRAY, CANADA - APRIL 29: An empty migrant workers camp, on April 29th, 2015, north of Fort McMurray, Canada. Fort McMurray is currently coping with an economic downturn as a result of low oil prices and most of the layoffs have been impacting the transient workforce. Canada's oil and gas industry is expected to lose 37% of its revenues in 2015. (Photo : Ian Willms/Getty Images)

http://www.realtytoday.com/articles/55542/20151125/real-estate-prices-fort-mcmurray-suffer-huge-drop.htm

Calgary office vacancy rates to peak at 17.7% next year: CBRE

Calgary office vacancy rates to peak at 17.7% next year: CBRE

Office vacancy rates in Calgary will peak at almost 18 per cent by the third quarter of 2016, according to an annual forecast from a U.S.-based real estate investment firm.

The overall vacancy rate for office space in Calgary is 17.5 per cent this year, compared to 13.1 per cent in 2014. Next year, CBRE predicts it will reach 17.7 per cent.

http://www.cbc.ca/news/canada/calgary/calgary-real-estate-forecast-cbre-1.3333383

Le marché immobilier à l'avantage des acheteurs dans la région de Québec

Le marché immobilier à l'avantage des acheteurs dans la région de Québec

Les conditions du marché de l'habitation continueront de favoriser les acheteurs dans la région de Québec au cours des deux prochaines années, selon les données de la Société canadienne d'hypothèques et de logement (SCHL).

Dans son analyse publiée mardi, la SCHL prévoit qu'en 2016 et 2017, le prix moyen des habitations dans la région augmentera plutôt faiblement, soit de 1 % par année, mentionne Élisabeth Koulouris, chef analyste à la SCHL.

http://ici.radio-canada.ca/regions/quebec/2015/11/24/005-marche-vente-habitation-region-quebec-analyse-schl.shtml

Even Fort McMurray’s real estate agents are leaving the oilsands town in droves

Even Fort McMurray’s real estate agents are leaving the oilsands town in droves




It’s not just housing sales and prices that are falling fast in Fort McMurray, the ranks of realtors in the northern Alberta city seem to be plummeting too. The defections come as realtor levels across the country have grown to new records, speaking to a growing trend of agents migrating to greener pastures and increasing competition in some of the country’s hottest markets. To compete for business in up-and-coming districts, some long-time franchises are setting up new branches, something one local agent jokingly referred to as “branchises.”



http://business.financialpost.com/personal-finance/mortgages-real-estate/realtor-levels-reach-record-levels-nationally-but-for-mcmurray-numbers-falling

Vancouver says the value of the sales was $1.9 billion, up 33.6 per cent from the year-ago period.

Vancouver says the value of the sales was $1.9 billion, up 33.6 per cent from the year-ago period.

Lower Mainland sales of commercial property are about as hot as the market for homes.

An industry group reports the commercial sector hit a five-year sales high of 550 in the July-to-September quarter, up 16.8 per cent from a year earlier. The Real Estate Board of Greater Vancouver says the value of the sales was $1.9 billion, up 33.6 per cent from the year-ago period.

http://www.news1130.com/2015/11/26/quarter-lower-mainland-commercial-real-estate/

Dozens of Alberta real estate agents fined for improper condo measurements

Almost three dozen Alberta real estate agents have been fined in the past two years for misrepresenting the size of condominiums in real estate listings, representing a small fraction of complaints made to the provincial regulator.

http://edmontonjournal.com/news/local-news/alberta-real-estate-council-fines-dozens-of-sellers-for-improper-condo-measurements

64% of survey respondents in the Greater Toronto Area (GTA) are concerned that the real estate bubble will burst.

64% of survey respondents in the Greater Toronto Area (GTA) are concerned that the real estate bubble will burst.




A survey by the Real Estate Council of Ontario (RECO) says almost seven in 10 boomers and seniors in the province are concerned about getting the most value from their current home, while almost half (48 per cent) worry about the real estate bubble bursting.



http://www.remonline.com/bursting-real-estate-bubble-closing-costs-worry-ontario-consumers/

Make Sure Your Real Estate Broker Is Doing This for You

Make Sure Your Real Estate Broker Is Doing This for You




What should a good real estate broker do for you? Ryan Serhant of Bravo’sMillion Dollar Listing NY has tips and suggestions. One important thing to keep in mind: Don’t be a patsy. “Remember, you’re going into battle basically; that’s what a negotiation is,” says Serhant.



http://time.com/money/4095864/good-real-estate-broker-should-do/

Ottawa puts Hells Angels clubhouse up for sale

Ottawa puts Hells Angels clubhouse up for sale

For sale by owner: Federal government.

Features: Iconic piece of Toronto history. Ultimate man cave. Needs lots of TLC or a teardown. Stains on floor most likely caused by leaky roof.

http://www.thestar.com/business/2015/11/26/ottawa-puts-hells-angels-clubhouse-up-for-sale.html