On Wednesday, Statistics Canada reported that Contractors' selling prices for new homes decreased by 0.6 per cent between December and January.
The largest decreases were noticed in the cities of Western Canada. The rate of decrease in January was somewhat faster than the 0.1 per cent drop registered in the preceding month. At that time the prices dropped 2.8 per cent in Edmonton, 2.1 per cent in Calgary, 1.1 per cent in Victoria and 0.7 per cent in Vancouver.
Washington - The number of US households in some stage of foreclosure rose nearly 30 per cent in February from a year earlier despite government efforts aimed at keeping people in their homes, according to data released Thursday.
Foreclosures rose 6 per cent from January with 290,631 properties - one in every 440 homes - having received notice from their banks or being in some stage of the foreclosure process in February, industry tracker RealtyTrac said in a monthly report.
Washington - Lenders are taking back homes in the United States at a record pace as families can't afford mortgage payments, according to an industry report Thursday indicating the country's housing crisis deepened further at the end of last year.
The Mortgage Bankers Association (MBA) said 3.3 per cent of all mortgage-holders were in foreclosure at the end of 2008 - up 126 per cent from a year ago - and 7.88 per cent were behind on at least one monthly payment.
Both numbers were the highest ever recorded since MBA's records began in 1972.
Parsvnath Developers Limited (PDL), a New Delhi-based real estate developer, has notified that it has finally launched Parsvnath Royale Floors, an affordable residential project as part of its integrated township plans in Lucknow.
Under the latest project, the company offers 2, 3 and 4 bedroom units in a price range of Rs 13.95 lakh to Rs 27.50 lakh.
Real estate developer DLF Ltd, which has paid large advance payments to various governments for townships and commercial projects, is now looking for refunds as the projects are not moving at the expected pace.
The refunds, which could run into thousands of crores of rupees, could help the developer pay off its outstanding debt and execute existing and new projects.
In February, the Haryana government refunded over Rs 200 crore of license fees to DLF as its commercial projects were road blocked due to slow execution by the government authorities.
Freebies like costly cars, air conditioners get the thumbs down, caution is the word in the city
Freebies, even if they are a Rs27 lakh BMW, offered by some real estate developers, have not seen prospective buyers rushing to buy homes in the city.
Even though many builders with projects all over the city have dangled carrots like new vehicles, air-conditioned rooms, 40-inch LCD televisions, Sony home theatre sets, and DVD players for every apartment booked, there have been only a few takers.
A recent survey by Delhi-based Makaan.com — a real estate portal run by the People Group — has revealed that 66% of Pune buyers have turned down the freebies.
On Wednesday, Statistics Canada reported that Contractors' selling prices for new homes decreased by 0.6 per cent between December and January. 
Washington - The number of US households in some stage of foreclosure rose nearly 30 per cent in February from a year earlier despite government efforts aimed at keeping people in their homes, according to data released Thursday.
Washington - Lenders are taking back homes in the United States at a record pace as families can't afford mortgage payments, according to an industry report Thursday indicating the country's housing crisis deepened further at the end of last year.
Parsvnath Developers Limited (PDL), a New Delhi-based real estate developer, has notified that it has finally launched Parsvnath Royale Floors, an affordable residential project as part of its integrated township plans in Lucknow.
Real estate developer DLF Ltd, which has paid large advance payments to various governments for townships and commercial projects, is now looking for refunds as the projects are not moving at the expected pace.
