Edmonton building-permit values enjoy gentle uptick

BelmorMortgageNews

Sep 8, 2011, Edmonton building-permit values enjoy gentle uptick While Alberta and Canada posted strong gains in the value of building permits in July, Edmonton saw a more modest boost.Statistics Canada said Thursday the value of construction intentions in the Edmonton census metropolitan area grew by one per cent to $359.7 million, compared to a year earlier. The city lagged … Read More

Acreage living appeals to Calgarians

BelmorMortgageNews

Sep 2, 2011, Acreage living appeals to Calgarians There’s something about living on an acreage that is becoming more appealing to Calgarians. Having land is an obvious reason. But so is the fact of moving away from the hustle and bustle of the city, which has become busier each year. The latest data from the Calgary Real Estate Board indicates … Read More

Calgary house prices expected to increase

BelmorMortgageNews

Aug 30, 2011, Calgary house prices expected to increase Short-term year-over-year house price growth in the Calgary region is expected to be in the five to seven per cent range, says the Conference Board of Canada. It is a forecast it has consistently predicted for the Calgary census metropolitan area for some time. In a report released Tuesday, the board … Read More

Calgary MLS sales soar in June

BelmorMortgageNews

Jul 4, 2011, Calgary MLS sales soar in June Transactions up over 30% from a year ago Calgary’s residential real estate market experienced a significant upswing in sales in June compared with a year ago. Single-family MLS sales during the month were 1,398, up 32.01 per cent from June 2010’s 1,059 transactions, according to data released by the Calgary Real … Read More

Alberta recreational properties see price decline

BelmorMortgageNews

Jun 13, 2011, Alberta recreational properties see price decline The stage is set for one of the best recreational property markets in years, says real estate firm RE/MAX in its latest report released Monday. Greater affordability, increased selection and pent-up demand are key factors this year, according to the 2011 RE/MAX Recreational Property Report, which examined sales and trends in … Read More

Calgary’s May building permits up 14 from last year

BelmorMortgageNews

Jun 10, 2011, Calgary’s May building permits up 14 from last year The estimated construction value of building permit applications for May was up by 14 per cent compared with a year ago in Calgary. The City of Calgary reported Friday that permit applications reached $274 million for the month, up from $241 million in May 2010. But the total … Read More

Calgary house price growth forecast

BelmorMortgageNews

May 31, 2011, Calgary house price growth forecast Calgary can expect five to seven per cent year-over-year house price growth in the short term, according to the Conference Board of Canada. In its Metro Resale Index, released Tuesday, the board said the average residential price in Calgary in April jumped to $407,900, up from $393,427 in March and from $395,468 … Read More

Goldman Sachs’ O’Neill lauds Canada

BelmorMortgageNews

Apr 18, 2011, Goldman Sachs’ O’Neill lauds Canada By Boyd Erman – The Globe and Mail Jim O’Neill, chairman of Goldman Sachs Asset Management, was in Canada last week and the investor found himself with nothing but nice things to say about the country, calling it “especially well placed” to take advantage of global growth and a “role model” for … Read More

First-time Calgary homebuyers back in market: Re/Max report

BelmorMortgageNews

Apr 5, 2011, First-time Calgary homebuyers back in market: Re/Max report First-time buyers have re-entered the Calgary resale housing market with “a renewed sense of confidence,” says a report released Tuesday by real estate firm Re/Max. In the first two months of this year, 32 per cent of all sales occurred under $300,000 in Calgary, said the report. Average price … Read More

Real estate analyst says Edmonton on the verge of a boom

BelmorMortgageNews

Apr 5, 2011, Real estate analyst says Edmonton on the verge of a boom Edmonton is on the verge of another real estate boom, says real estate expert Don Campbell. Robust growth in the region’s gross domestic product and labour market will set off a chain of events over the next few months that will heat up housing again, said … Read More