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

Four major changes to Canada’s housing rules

Bill Curry OTTAWA — The Globe and Mail Published Monday, Oct. 03, 2016 7:16PM EDT Last updated Tuesday, Oct. 04, 2016 11:39AM EDT The Liberal government has announced sweeping changes aimed at ensuring Canadians aren’t taking on bigger mortgages than they can afford in an era of historically low interest rates. The changes are also meant to address concerns related to foreign buyers who … Read More

CMHC Tools To Help Canadians Affected By The Fort McMurray And Area Fires

The Canada Mortgage and Housing Corporation (CMHC) joins Canadians in expressing concern for the people of Fort McMurray and the surrounding area that are dealing with devastating forest fires. For borrowers with CMHC-insured mortgage loans that are affected by the fires and who may require special arrangements to meet their mortgage payment obligations, CMHC offers Approved Lenders a series of … Read More

Listings up, sales and prices down in Calgary’s resale real estate market

Josh Skapin, Calgary Herald Published on: February 5, 2016 | Last Updated: February 5, 2016 1:20 PM MST Single-family home buyers saw a downtick in selection and the lowest prices in 16 months through Calgary’s resale market last month. The benchmark price for single-family homes in Calgary was $509,300 in January, sinking 2.6 per cent from $522,900 a year earlier, … Read More

Housing Affordability Index shows Calgary is a buyers’ market

by Mike Tarasko Posted Jun 22, 2015 7:19 am MDT, Last Updated Jun 22, 2015 at 7:20 am MDT It’s a good time to buy a home in Calgary, if you’re sure of your income. That’s the message from an RBC economist, after the latest Housing Affordability Index was issued. The index measures the percentage of pre-tax income it takes to … Read More

Single-family resale housing enters balanced conditions

Josh Skapin Published on: June 5, 2015 Last Updated: June 5, 2015 9:06 AM MDT For the first time in 2015, the resale market for single-family homes does not favour the buyer over the seller, says the Calgary Real Estate Board. The segment moved into balanced territory last month, says CREB chief economist Ann-Marie Lurie. A new listings ratio of 0.69 and … Read More

Home sale prices in Calgary actually increased in the month of May

Here’s a surprise in light of the province’s economic woes: home sale prices in Calgary actually increased in the month of May. According to the Calgary Real Estate Board, the average house price moved up by just over half-a-percent from April, and nearly one full percent, year over year. CREB Chief Economist Anne Marie Lurie tells 660News the amount of … Read More

Bank of Canada holds key rate at 0.75% despite questions about U.S. weakness

Andy Blatchford, The Canadian Press Published Wednesday, May 27, 2015 9:45AM CST Last Updated Wednesday, May 27, 2015 11:13AM CST OTTAWA — The Bank of Canada is keeping its trendsetting interest rate locked at 0.75 per cent even as recent weakness in the United States raises questions about the economy here at home. The central bank said Wednesday that it’s … Read More