by MIKE TARASKO Posted Jan 10, 2018 7:15 am MST Calgary home prices continued to recover in the final quarter of 2017. According to the Royal LePage House Price Survey, the aggregate value of a home increased 4.4 per cent year-over-year to just over $479,000. Royal LePage Benchmark Owner Corinne Lyall said stricter mortgage rules coming down the pipe likely … Read More
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
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
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
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
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
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
JOSH SKAPIN, CALGARY HERALD Published on: May 7, 2017 | Last Updated: May 7, 2017 1:18 PM MDT There were 68 more single-family homes sold through Calgary’s resale market in April than the same month in 2016. This marked a six per cent increase to 1,204 transactions from 1,136 a year ago, says the Calgary Real Estate Board. April was the … Read More
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
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