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
Nov 7, 2011, Calgary house prices increase 126 in past decade Strong in-migration, population growth and a vibrant oil and gas sector have pushed Calgary average house prices to an increase of 126 per cent in the past decade, says a new report released Monday by Re/Max. The report said renovation spending and new construction have been “considerable” secondary factors … Read More
Oct 24, 2011, Calgary’s housing market balanced: Conference Board The Conference Board of Canada says Calgary’s housing market is currently under balanced conditions. In a report released Monday, the board said the seasonally-adjusted annual rate of resales in Calgary was 22,308 units in September, up from 20,040 units in September 2010. The annualized rate for new listings during the month … Read More
Oct 18, 2011, House prices, sales rise in September Calgary home prices rose along with sales in September, according to the Canadian Real Estate Association. CREA said Monday that MLS residential sales in Calgary reached 1,789 units in September, up 11 per cent from a year earlier. The average sale price rose by 1.3 per cent to $406,252 for the … Read More
Oct 18, 2011, Alberta boomers most likely to expect a mortgage-free retirement Alberta boomers are the most likely in the country to expect a mortgage-free retirement, according to the 2011 TD Canada Trust Boomer Buyers Report released Wednesday. The poll said 79 per cent of Alberta boomers expect to be mortgage-free in time for retirement and 62 per cent plan … Read More
Sep 27, 2011, Canadian real estate market an outperformer: Scotia Economics The renewed slowdown in global economic activity is putting further downward pressure on already-weak residential property markets across much of the developed world, according to the latest Global Real Estate Trends report released Tuesday by Scotia Economics. And while Canada’s hot housing market also has begun to cool, it … Read More
Sep 26, 2011, Calgary resale homes top 400,000 average The average price of resale homes in Calgary topped $400,000 in August, according to a report released Friday by the Conference Board of Canada. The board said all residential property sales in the city hit an average of $404,755 during the month, up from $391,497 a year ago. The seasonally-adjusted annualized … Read More
Sep 16, 2011, Calgary region housing starts set to rise: Conference Board of Canada The Calgary region’s home building industry is forecast to see a rise in activity. The Conference Board of Canada said Friday that short and long-term expectations for housing starts in the Calgary census metropolitan area were both positive. A year ago, the board said the seasonally-adjusted … Read More