In July the Teranet–National Bank National Composite House Price IndexTM was up 0.8% from the previous month.[1] As in June, the gain might seem large but was below the historical average for the month (1.0% for July). If the index were purged from seasonal variations, the so-called “seasonally adjusted” index would have retreated in June and would...

A recent Huffington Post Canada article reported on a compelling phenomenon: “recycled” real estate listings that could be skewing Canadian housing market data. According to the Huffington Post, a subscriber-only-access article in the Globe and Mail first revealed this trend. Real estate agents in Vancouver are “recycling” listings — i.e. pulling homes that aren’t selling...

July 11 and July 12, 2018 were busy days for the Canadian real estate market. On July 11, 2018 news broke of a Bank of Canada interest rate increase to 1.5% — the highest interest rates have been since December of 2008. Then, on July 12, 2018, the Teranet-National Bank House Price Index came out...

Real estate technology is creating a lot of advancements, including when it comes to property surveys. Did you know that you can often access land survey records online? A survey can provide potential issues, such as fencing that extends past the property line, or an overhanging garage roof. In the past, obtaining a survey has...

Collection agencies, law enforcement, private investigators, and more will benefit greatly from our FREE new eBook, How to Locate Property and Assets and Investigate Equity. This eBook is perfect for anyone who relies on property-related data to search for people, locate assets, or assess available equity. In this eBook, you’ll learn: What type of property-related...

The early bird gets the worm — the same could be said for real estate opportunities. You don’t necessarily need to wake up early (or eat worms!), but if you’re waiting until a property is listed to consider it as a lead, you’re at a disadvantage. Think about it — once a property is listed...

In June the Teranet–National Bank National Composite House Price Index™ was up 0.9% from May. Though large at first glance, the increase was the third-smallest for June in the last 14 years. If we ignore the seasonal component of monthly variations, we cannot speak of a soaring index. The latest run of monthly increases is merely...

On July 11, 2018, Canadian housing interest rates rose for the fourth time in a year, going up to 1.5%. The Bank of Canada interest rate increases began in July of 2017, going from 0.5% to 0.75%. From there, they went to 1% in September of 2018, and 1.25% in January of 2018. The July...

Purview, Teranet’s property resource for mortgage brokers, mortgage lenders, and mortgage insurers, has a new website! Since its inception, Purview has been dedicated to giving mortgage lenders, mortgage brokers, and mortgage insurers the Power of More. More information, more deals, more referrals. And now, more access. The NEW Purview gives mortgage agents the familiar tools...

July 9, 2018
Use Appraisal Technology to Boost Your Business Do you want to become the “Agile Appraiser?” Besides sounding like a superhero name, increasing your appraisal agility will help you work faster, adapt to changes, and boost your client appeal. The secret doesn’t lie in a red cape or a radioactive spider bite, though — instead, it’s...

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