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

Downside risks increase, but Bank of Canada keeps interest rate setting at 1

Jun 4, 2014, Downside risks increase, but Bank of Canada keeps interest rate setting at 1 The Canadian Press Jun 4, 2014 09:34:32 AM The Bank of Canada has kept its trend-setting interest rate at one per cent, but is warning of downside risks to the global and Canadian economies. The central bank hasn’t budged from the one-per-cent level in … Read More

Scotiabank offers 5-year fixed mortgage at 2.97

May 28, 2014, Scotiabank offers 5-year fixed mortgage at 2.97 Canadian banks battle to attract homebuyers in competitive mortgage-rate business CBC News Posted: May 28, 2014 10:45 AM ET Last Updated: May 28, 2014 11:54 AM ET Canada’s current mortgage wars include a new 2.97 per cent fixed-rate mortgage from Scotiabank announced Wednesday. First time homebuyers are a particularly attractive … Read More

Home prices resume upward march, Calgary hits fresh high

May 14, 2014, Home prices resume upward march, Calgary hits fresh high By Staff Global News Canadian home prices rose slightly in April following an unusually flat March, according to the Teranet-National Bank Composite House Price Index. Teranet says prices were up 0.5 per cent from March, and although the gain “might appear robust” compared to the previous month, home … Read More

House prices continue to climb in Calgary

May 8, 2014, House prices continue to climb in Calgary Colleen Schmidt, CTV Calgary | Last Updated Thursday, May 8, 2014 11:21AM MDT Statistics Canada’s latest review of housing prices was released and for the third consecutive month Calgary leads the country with the most significant jump in house prices. According to Stats Canada the new housing price index rose … Read More

Resale growth up 28 per cent in areas near Calgary

May 1, 2014, Resale growth up 28 per cent in areas near Calgary By Josh Skapin, Calgary Herld April 17, 2014 CREB president Bill Kirk says that many buyers have turned to areas surrounding Calgary for the lifestyle and “relative price advantage” they offer. Resale activity in cities and towns surrounding Calgary climbed 28 per cent in the first three … Read More

Fixed rate mortgages trump variables

Mar 13, 2014, Fixed rate mortgages trump variables It makes more financial sense for Canadians to lock into a longer-term fixed mortgage than one with variable rates, according to a new report released Thursday by BMO Capital Markets. BMO chief economist Douglas Porter and senior economist Benjamin Reitzes say the improving economy and current mortgage offers tilt the balance in … Read More

Does real estate have anything left to give in 2014?

Dec 17, 2013, Does real estate have anything left to give in 2014? Republish Reprint Garry Marr | December 17, 2013 | Last Updated: Dec 27 5:14 PM ET At some point, there has to be a housing correction. Right? Some argue there was a correction in 2013, based on declining sales activity. But prices never really followed and by … Read More