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
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
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
By Mia Sosiak – Reporter Global News Some Calgary homeowners may have cringed after opening their municipal property assessments this week, but real estate experts say the ongoing slide in single family home prices should end later in 2017. In its annual forecast, the Calgary Real Estate Board (CREB) said Wednesday the city’s housing market should slowly reach stability this year … Read More
Outside forces like U.S. interest rate hikes and foreign buyers play important role By Don Pittis, CBC News Posted: Dec 29, 2016 5:00 AM ET Last Updated: Dec 29, 2016 5:00 AM ET Whether you are looking to buy or deciding if this is the year to sell, the question on many minds both at home and abroad is, “Will Canadian … Read More
Canadian Real Estate Association says resales will increase but prices will stay mostly flat CBC News Posted: Dec 16, 2016 10:53 AM MT Last Updated: Dec 16, 2016 10:53 AM MT Home sales will see a modest uptick in 2017 but prices will stay flat, according to the Canadian Real Estate Association. The national group’s updated resale housing forecast predicts sales … Read More
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
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
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
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