GORDON ISFELD, FINANCIAL POST 05.24.2016 OTTAWA — The head of the Bank of Canada is nothing if not patient. With the economic adjustment to the oil-price collapse “proving to be uneven” — and output further hampered by the Alberta wildfires — governor Stephen Poloz is still managing to hold the line on expectations, and interest rates. On Wednesday, Poloz and … Read More
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
Broker says doing nothing just makes the problem worse CBC News Posted: May 03, 2016 7:25 AM MT Last Updated: May 03, 2016 10:19 AM MT A financial institution in southern Alberta is seeing an increase in the number of people who are unable to make their mortgage payments and are looking for help. Keith Richard, chief risk officer for … Read More
As sales slump again, some buyers ‘not willing to pull the trigger because they expect even bigger discounts’ CBC News Posted: May 02, 2016 12:02 PM MT Last Updated: May 02, 2016 12:02 PM MT April marked another month of “market imbalance” for home sales, according to the Calgary Real Estate Board, with more houses listed but fewer actually selling. … Read More
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
Josh Skapin, Calgary Herald Published on: January 29, 2016 | Last Updated: January 29, 2016 1:18 PM MST Prices were higher in the Calgary area but Alberta’s other big city was busier bringing on more single-family homes in 2015. This was one of many differences in how the housing markets in Calgary and Edmonton stacked up last year. Josh Skapin looks at … Read More
Mario Toneguzzi, Calgary Herald Published on: January 18, 2016 | Last Updated: January 18, 2016 7:16 PM MST Housing sales in the heart of Alberta’s oil patch have taken the hardest hit from plunging oil prices. Data from the Canadian Real Estate Association show Fort McMurray MLS sales last year fell by 43.5 per cent from 2014 levels, while the average sale price declined … Read More
Mario Toneguzzi, Calgary Herald Calgary is expected to feel the biggest impact of new measures announced Friday by the federal government to increase minimum mortgage down payments for homes more than $500,000, says a national economist. In a report assessing the impact of higher down payments, Benjamin Tal, deputy chief economist with CIBC World Markets, said the share of new … Read More
JOSH SKAPIN Published on: October 23, 2015 | Last Updated: October 23, 2015 12:24 PM MDT More dollars have changed hands for new and resale single-family homes in all parts of Calgary this year. Paced by a 35 per cent climb in the northeast, all four quadrants saw the average value at absorption on single-family homes rise during the third … Read More
October 20, 2015 Highlights The federal Liberal Party, led by Justin Trudeau, appears likely to have taken 184 seats (54% of the newly expanded house) in last night’s election, a strong gain from the 36 seats (12%) held pre-election; handily passing the 170 seat threshold required for a majority government. In their election platform, the Liberal party promised a revamping … Read More