Jan 17, 2012, The Mixed Blessing of Low Rates The Mixed Blessing of Low Rates Kevin Carmichael Globe and Mail Blog Posted on Tuesday, January 17, 2012 2:17PM EST If the Bank of Canada was permitted to do so, would it tighten home lending standards? There’s reason to wonder. The central bank said on Tuesday that it expects record household … Read More
Jan 12, 2012, Calgary average house prices to increase: Royal LePage 3.6 hike forecast for 2012 Calgary average house prices to increase: Royal LePage 3.6% hike forecast for 2012 By Mario Toneguzzi, Calgary Herald January 12, 2012 CALGARY — A national report predicts average house prices in Calgary will increase by 3.6 per cent this year. The Royal LePage House … Read More
Jan 10, 2012, Housing Start Expected to Increase in 2012 and 2013 in Alberta Alberta to buck national trend for new home construction Housing starts expected to increase in 2012 and 2013 By Mario Toneguzzi, Calgary Herald January 10, 2012 10:06 AM CALGARY — Alberta is expected to buck the national trend for new home construction in the next two … Read More
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