BoC hikes interest rate for first time in seven years

Craig Wong, The Canadian Press Published Wednesday, July 12, 2017 4:32AM EDT Last Updated Wednesday, July 12, 2017 3:41PM EDT   OTTAWA –The Bank of Canada hiked its benchmark interest rate Wednesday for the first time in nearly seven years in what may be the beginning of the end of the era of cheap borrowing that has fuelled the hot … Read More

Calgary’s slow real estate rebound continues; prices stabilized, says CREB

Published on: April 4, 2017 | Last Updated: April 4, 2017 4:53 PM MDT Annual sales of single-family homes surged in March as Calgary’s real estate market continued to strengthen. Calgary Real Estate Board data show detached home sales rose 17 per cent from a year ago, to 1,176 units, while the average price grew six per cent to $571,295. … Read More

CMHC mortgage insurance gets more expensive today

Will increase the price of homes for buyers making down payments of less than 20% By Solomon Israel, CBC News Posted: Mar 17, 2017 10:42 AM ET Last Updated: Mar 17, 2017 1:39 PM ET Starting today, premiums on mortgage insurance from Canada Mortgage Housing Corp. go up across the country. CMHC says its average client will pay about $5 more … Read More

Calgary’s single-family real estate market showing ‘sense of optimism’

Josh Skapin, Calgary Herald Published on: March 3, 2017 | Last Updated: March 3, 2017 2:23 PM MST For the second straight month, resale of single-family homes in Calgary recorded a double-digit percentage increase over the same time in 2016. There were 825 single-family homes sold through the city’s resale market in February, climbing 19 per cent from a year ago, says … Read More

Calgary real estate sales rise 24% in January but still below long-term averages

Activity up from same month last year, which was ‘one of the weakest on record,’ CREB economist notes CBC Posted: Feb 01, 2017 12:39 PM MT Last Updated: Feb 01, 2017 12:56 PM MT The city’s real estate market showed signs of increased activity in January compared to the year before, according to numbers released Wednesday by the Calgary Real Estate Board. … Read More

Calgary detached house prices expected to stabilize in 2017

By Mia Sosiak – Reporter  Global News Some Calgary homeowners may have cringed after opening their municipal property assessments this week, but real estate experts say the ongoing slide in single family home prices should end later in 2017. In its annual forecast, the Calgary Real Estate Board (CREB) said Wednesday the city’s housing market should slowly reach stability this year … Read More

Alberta home sales to rise 3.5% next year, real estate group predicts

Canadian Real Estate Association says resales will increase but prices will stay mostly flat CBC News Posted: Dec 16, 2016 10:53 AM MT Last Updated: Dec 16, 2016 10:53 AM MT Home sales will see a modest uptick in 2017 but prices will stay flat, according to the Canadian Real Estate Association. The national group’s updated resale housing forecast predicts sales … Read More

Bank of Canada keeps key rate at 0.5% amid stronger yet uncertain global economy

by ANDY BLATCHFORD, THE CANADIAN PRESS Posted Dec 7, 2016 2:00 am MST Last Updated Dec 7, 2016 at 11:00 am MST OTTAWA – The Bank of Canada is holding its benchmark interest rate at 0.5 per cent as it sees the stronger world economy continuing to face “undiminished” uncertainty. In making the scheduled announcement Wednesday, the central bank said … Read More

Sales start to pick up on resale homes above $800,000 in Calgary

Josh Skapin, Calgary Herald Published on: December 3, 2016 | Last Updated: December 3, 2016 2:04 PM MST More people have purchased single-family homes on the upper-end of Calgary’s resale market than the same time last year. There were 932 sales for single-family homes priced $800,000 and higher in the city between Jan. 1 and the end of October, says … Read More

TD Bank joins Royal Bank of Canada in increasing fixed mortgage rates

Davd Hodges, The Canadian Press Published Wednesday, November 16, 2016 5:08PM EST Last Updated Wednesday, November 16, 2016 6:13PM EST   TORONTO — TD Bank (TSX:TD) has quietly increased its fixed mortgage rates ahead of a similar move by Royal Bank of Canada (TSX:RY) to take effect Thursday, the latest sign that Canada’s big banks are hiking the costs of … Read More