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
by MIKE TARASKO Posted Aug 31, 2015 7:52 am MDT There are some signs of stability starting to emerge in Calgary’s re-sale housing market. According to RBC’s Affordability Index Report, supply and demand leveled off in the 2nd quarter of the year, and consumer confidence also increased. However, those factors haven’t reflected in prices just yet as they remained under slight … Read More
MARIO TONEGUZZI, CALGARY HERALD Published on: August 13, 2015 | Last Updated: August 13, 2015 6:47 AM MDT For the first time this year, new housing prices were up in the Calgary census metropolitan area in June, according to Statistics Canada. The federal agency reported Thursday that prices rose by 0.1 per cent from the previous month. “Higher land prices … Read More
By Staff Canadian Press OTTAWA – TD Bank says the Bank of Canada’s latest decision to cut its key interest rate will not be a “game changer” for the country’s housing market. Some have raised concerns about what the interest rate cut by the central bank could mean for an already hot housing market. TD said Friday the central bank’s … Read More
2nd time since January that central bank has cut lending rate By Pete Evans, CBC News Posted: Jul 15, 2015 10:07 AM ET Last Updated: Jul 15, 2015 1:45 PM ET Canada’s central bank today lowered its benchmark interest rate to 0.5 per cent, the second time this year it has dropped the rate to stimulate the economy, after holding it steady for about four years. The loonie lost … Read More
Josh Dehaas, CTVNews.ca Published Tuesday, July 14, 2015 6:05AM EDT Last Updated Tuesday, July 14, 2015 11:29AM EDT Home prices in Toronto and Vancouver are on pace to increase nearly 10 per cent in 2015 while Calgary’s are falling less than expected, meaning the nationwide average price should grow 6.1 per cent this year, according to a new forecast from … Read More
Brian Burton Published on: June 26, 2015 | Last Updated: June 26, 2015 9:46 AM MDT Compared to what? It may be the most important question as housing markets in and around Calgary react to energy-industry retrenchment. Whether you’re in Calgary, Cochrane, Okotoks or Airdrie, sales of existing homes and construction starts on new homes are down sharply from 2014, … Read More
Josh Skapin Published on: July 3, 2015 | Last Updated: July 3, 2015 3:22 PM MDT New construction on apartment-style condos in downtown Calgary dipped over the first five months of 2015 compared to the same time last year, says a federal agency. Shovels turned for 195 condos on sites in the downtown core between Jan. 1 and the end … Read More
Mario Toneguzzi, Calgary Herald Published on: June 23, 2015 | Last Updated: June 23, 2015 10:44 AM MDT After five straight months of declines in year-over-year average prices, Calgary’s housing market may be on the verge of a slight turnaround. In a report released Tuesday, the Conference Board of Canada said the short-term expectation for year-over-year MLS prices in the … Read More
by Mike Tarasko Posted Jun 22, 2015 7:19 am MDT, Last Updated Jun 22, 2015 at 7:20 am MDT It’s a good time to buy a home in Calgary, if you’re sure of your income. That’s the message from an RBC economist, after the latest Housing Affordability Index was issued. The index measures the percentage of pre-tax income it takes to … Read More