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

Residential Market Update

Market Commentary The latest round of economic data has real-estate watchers returning their focus to interest rates. Activity in the bond market and the latest employment numbers are fueling predictions there will be a bump in fixed-rate borrowing costs in the near future. Employment improvements are generally seen as a harbinger of inflation. That, along with other domestic and international … Read More

Condo or House for First-Time Buyers?

Sunday, March 22, 2015 Condo or House for First-Time Buyers? One of the first questions first-time buyers have to ask themselves is whether they want their first home to be a condominium or a single-family home. Although economics play a big role in the decision-making, it really comes down to lifestyle choice. How do you enjoy spending your time and … Read More

Home prices up across much of Canada in March; new highs in Toronto, Vancouver

The Canadian Press Published Tuesday, April 14, 2015 1:58PM EDT TORONTO — Home prices were up in nine of 11 major Canadian cities in March compared with a year ago, with those in Toronto and Vancouver setting records, according to a new report. The Teranet–National Bank National Composite House Price Index says national home prices were up 4.7 per cent … Read More

The new and improved Belmor Mortgage website goes live!

Hi Everyone! Welcome to the new site. We’ve loaded the website with great new features – all in a fresh, intuitive design. Here’s what you need to know: Mobile-friendly design for access while you’re on the go Quick access to mortgage professionals in Edmonton or Calgary A wealth of mortgage resources and tools to help you make the best decisions … Read More

Annual dollar volume lifts Calgary housing market above 2007 boom

Jun 20, 2014, Annual dollar volume lifts Calgary housing market above 2007 boom By Mario Toneguzzi, Calgary Herald Calgary’s resale housing market is on pace to set an all-time high for the best annual dollar volume for MLS transactions, eclipsing the mark set during the city’s housing boom in 2007. According to the Calgary Real Estate Board, all MLS residential … Read More

Calgary rental prices continue to soar

Jun 12, 2014, Calgary rental prices continue to soar By Tamara Elliott Global News CALGARY- While Calgary’s tight rental market seems to be easing a bit, the same can’t be said for prices. The Canadian Mortgage and Housing Corporation (CMHC) reported that an average two bedroom apartment in Calgary set tenants back $1,267 per month in April. That’s a five … Read More