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Welcome to the Nudigs Real Estate News Section.

     Included in this section are various news stories, experiences and antedotes covering all aspects of real estate. If you have an idea for a timely, interesting or just plain fun story you would like to see on, or you have your own experience you would like to share, please let us know.

Monday Morning Interest Rate Update (September 26, 2011)
On Wednesday of last week, Statistics Canada released its latest Consumer Price Index (CPI) data for August 2011. While overall CPI rose 3.1%, up from 2.7% in July, this was mainly due to higher food and energy costs, and price increases in these two areas have not historically spurred broader-based price inflation.......More

Competition Bureau sues TREB over MLS access
Several months after the Competition Bureau reached an agreement with real estate boards across the country guaranteeing consumers choice in the way they use the Multiple Listing Service,......More

Teranet - National Bank House Price Index
Canadian home prices in July were up 1.3% from the previous month, according to the Teranet–National Bank National Composite House Price Index™.......More

Canadian housing starts drop sharply in August
Canadian housing starts fell much more than expected in August, a sign that a weaker jobs market, tighter mortgage rules and deeply indebted households are beginning to cool the country's hot housing market. ......More

Building Permits
 Municipalities issued building permits worth $5.9 billion in August, down 10.4% from July and the second consecutive monthly decline. The value of permits fell in both the residential and non-residential sectors, mainly in Ontario. ......More

Little House on the Big Market
So you want to invest in some starter property? You might want to start small. And currently, in Toronto, there's an opportunity to invest in something downright miniature. Just like it was when we last wrote about it two and a half years ago, the Little House at 128 Day Avenue is back up for sale. Except, well, it was never really sold.......More

The Right Stuff
Despite a rate increase in later March, today’s mortgage rates are still at historic lows in Canada. While that can mean great savings for homeowners, it also creates a lot of uncertainty if you’re considering a new home or deciding what to do with your existing mortgage.......More

Lender requirements vary
You’d think being a self-employed professional or running an established small business would make someone an appealing prospect for a mortgage.......More

Homebuyers e-Valuate Mortgage Options
OTTAWA, ON, April 26, 2010 — The 2010 Mortgage Consumer Survey , released today by Canada Mortgage and Housing Corporation (CMHC), shows that the Internet has become an important resource for first-time homebuyers with 89 per cent indicating that they looked online for mortgage-related information, while 84 per cent researched mortgage terms and conditions before deciding on a mortgage option.      ......More

Fixer-upper or financial heartache?
 We’ve all heard the horror stories about “bargain” homes turning into a string of headaches and expenses for the new owners.   But how, exactly do you ensure that your perfect fixer-upper isn’t a money pit in disguise? ......More

Economic impacts hit home, but differently
From the Maritimes to the West Coast, views on the impact of the financial crisis, economic recovery, interest rate increases and regulatory changes vary. Here’s what our panel of mortgage experts offered: ......More

Ultra-green homes come to market
Canada's first subdivision houses built to the highest green home rating in North America came to market today. ......More

GTA REALTORS® Report Mid-Month Resale Housing Figures
Greater Toronto REALTORS® reported 3,149 transactions during the first 14 days of September, representing an increase of more than 25 per cent in comparison to the first two weeks of September 2010. New listings over the same period, at 6,890, were up by 14 per cent compared to last year. ......More

How Do Housing Needs Change After 50?
This article highlights some of the findings of Statistics Canada's Survey of Household Spending (SHS) as they relate to housing needs in the later stages of the life cycle. CMHC estimates that the 65+ population, which currently comprises 13 per cent of the total population, will more than double in the next 25 years, growing at five times the rate of the general population. This article looks at some of the potential impacts of an ageing population on housing demand.......More

GTA condo sales near record high
Anxious to leave the family home, Naseem Jha bought her Mississauga condo a week before Christmas.The 26-year-old investment banking analyst moved into the 925 square foot unit last week and couldn’t be more thrilled.......More

Aaron: Land survey most important document in real estate transaction
The sad tale of the Glenlake Ave. driveway featured in the Star late last month has focussed public attention on the difference between the Land Registry and the Land Titles system of property ownership. It has underscored yet again the fact that the single most important document in any real estate transaction is the land survey — formally known as surveyor’s real property report. ......More

Earth Day: 10 tips for a clean, green spring
It's that time of year again. When the sun starts to shine, we want our homes to shine as well. Cleaning in a green way is best for you and your home, and takes no extra effort — it's just a matter of changing the way you clean. ......More

Housing 'bubble' bound to burst
With fresh signs from the Bank of Canada that interest rates will stay lower for longer, Canada's still-hot housing market has many of the hallmarks of the U.S. situation just a few years ago. ......More

Top 5 condo no-no's
Decorating a condo requires a tool box of tricks that differ from the approach you might take in designing a 4,000 square foot home. In this instalment of Condos by Canning, I’ll walk you through my top five condo decorating no-no’s and teach you how to avoid these common pitfalls. . ......More

Living Life Large... In a Yurt
A year ago, they were living in a conventional two storey stucco house in downtown Victoria, a few blocks from the ocean.Now they’re nesting in an eco-friendly yurt perched high in the hills a few kilometres north of Shawnigan Lake — just about as far from the Mongolian steppes as could be. ......More

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