Bank of Canada holds rate, suggests more hikes likely at more cautious pace

by Andy Blatchford, The Canadian Press Posted Oct 25, 2017 8:14 am MDT Last Updated Oct 25, 2017 at 2:00 pm MDT OTTAWA – The Bank of Canada left its benchmark interest rate unchanged Wednesday following two straight hikes but suggested future increases are still likely, albeit at a more gradual pace. In its scheduled announcement, the central bank said … Read More

Timing is good to invest in Calgary property: report

by MIKE TARASKO Posted Oct 24, 2017 7:55 am MDT A new report says Calgary is the second best place in Alberta to invest in real estate right now. The report was put together by the Real Estate Investment Network using 36 factors to pinpoint whether it’s a good time to buy. REIN’s Senior Analyst Don Campbell said Calgary has … Read More

OSFI Unveils New Stress-Test Rules

Steve  Huebl – October 17, 2017 Canada’s banking regulator today unveiled the final changes to its mortgage underwriting standards—Guideline B-20—that will further tighten lending standards and affect borrowers and lenders alike. The most wide-reaching change announced by the Office of the Superintendent of Financial Institutions (OSFI) is the establishment of a new minimum qualifying rate, or “stress test,” for borrowers making … Read More

Bank of Canada raises overnight rate to 1 per cent

Andy Blatchford, The Canadian Press Published Wednesday, September 6, 2017 7:06AM EDT Last Updated Wednesday, September 6, 2017 12:55PM EDT OTTAWA — The Bank of Canada is once again raising its benchmark interest rate as it sees the economy’s powerful performance pointing to broader, more self-sustaining growth. The central bank hiked its rate Wednesday by one-quarter point to 1.0 per … Read More

Calgary to see home price gains of five per cent this year, Royal LePage predicts

Claire Young, Calgary Herald Published on: July 21, 2017 | Last Updated: July 21, 2017 12:39 PM MDT   Calgary’s home prices are expected to rise five per cent year-over-year by the end of the year, reports Royal LePage in its recent house price survey and market survey forecast. “Home prices continue to rise in Calgary, as many areas within the … Read More

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