Jan 4, 2012, Calgary’s real estate market poised to turn the corner in 2012: CREB Calgary’s real estate market poised to turn the corner in 2012: CREB By Mario Toneguzzi, Calgary Herald January 4, 2012 CALGARY — Calgary’s residential real estate market is poised to turn the corner as 2012 will signal increasing demand for housing in the city, says … Read More
Dec 17, 2011, Variable Rate Mortgage Rates Disappearing Variable rate mortgage discounts disappearing Gary Marr The days of getting any sort of discount on a variable rate mortgage are over — again. Those mortgages, tied to prime, have become a mainstay of the housing market. And, why not? While prime has stood at 3% at most major financial institutions, the … Read More
Dec 17, 2011, Variable Rate Mortgage Rates Disappearing Variable rate mortgage discounts disappearing Gary Marr The days of getting any sort of discount on a variable rate mortgage are over — again. Those mortgages, tied to prime, have become a mainstay of the housing market. And, why not? While prime has stood at 3% at most major financial institutions, the … Read More
Dec 15, 2011, Calgary MLS Sales Jump in November Calgary MLS sales jump in November 16% hike from last year By Mario Toneguzzi, Calgary Herald December 15, 2011 9:36 AM Calgary MLS sales in November were 16 per cent higher than last year. Photograph by: Dean Bicknell CALGARY — The year-over-year growth rate for Calgary MLS residential sales in November … Read More
Dec 14, 2011, TD Chief Wants Stricter Mortgage Rules for 2012 Mortgage rules should be stricter: TD chief Grant Robertson — BANKING REPORTER From Thursday’s Globe and Mail Published Wednesday, Dec. 14, 2011 7:03PM EST Less than a year after Ottawa forced the banking sector to cut back on risky mortgage lending, the head of one of Canada’s biggest banks … Read More
Dec 13, 2011, Could This Be a Sign of Rates Increasing in 2012 Record high household debt in Canada triggers alarm Tavia Grant From Wednesday’s Globe and Mail Published Tuesday, Dec. 13, 2011 8:45AM EST Canadians have set a new record for household debt, a sign that many families are leaving themselves vulnerable to an economic shock. The debt burden … Read More
Dec 9, 2011, Calgary luxury home market booming Calgary’s luxury home market has seen a spike in demand this year with sales in the upper-end approaching the record levels of 2007. Brendan Hughes, a realtor with RE/MAX Real Estate (Central) in Calgary, said sales in the upper-end market are a sign of a good economy in the city. “It’s vibrant … Read More
Dec 7, 2011, Calgary building permit value soars in November The estimated construction value of November building permit applications in Calgary reached $259 million, up 37 per cent from a year ago, according to the City of Calgary. Building permit value in November 2010 was $189 million. This year’s November total was down five per cent compared with the five-year … Read More
Nov 22, 2011, Alberta forecast to be only province with increase in housing starts Alberta will be the only province next year to buck the national trend for housing starts across the country. According to an October 2011 Housing Forecast report released Tuesday by Altus Group, only Alberta is expected to see an increase in housing starts in 2012. Subdued … Read More
Nov 8, 2011, Alberta bucks trend of shaky economies By Myke Thomas, Calgary Sun The Bank of Canada left its overnight rate at 1% amid fears international economies are dragging down the Canadian economy, but not so much in Alberta. A report from Ben Brunnen, chief economist for the Calgary Chamber of Commerce, asks why Alberta and Calgary “didn’t get … Read More