Apr 1, 2011, Calgary home prices static in March Calgary’s real estate market is in balance, with March seeing lower prices, sales and listings compared with a year ago, according to the latest report by an industry association. That’s good news for people on the prowl for a new home as the average price for a single family home fell … Read More
Mar 16, 2011, Alberta economic growth to lead country in 2012 Alberta’s economic growth will lead the nation in 2012, says a new report released Wednesday by TD Economics. The report forecasts GDP growth of 3.2 per cent for the province in 2012 with the national average at 2.5 per cent. For this year, TD Economics predicts Alberta’s economic growth … Read More
Feb 24, 2011, Alberta housing affordability best in Canada: RBC Alberta officially became the most affordable province in the country for home ownership in the fourth quarter of 2010 and affordability in Calgary is now the best it’s been in almost six years, says a new report released Thursday by RBC. The Housing Trends and Affordability report said a gradual … Read More
Feb 18, 2011, Calgary new condo market showing signs of life A year ago, the new condo market in Calgary was “mired in a slump” but today it’s “starting to show more life,” says a residential real estate report by the Altus Group. The economic consulting firm said the success of the planned University City project at the Brentwood Village … Read More
Feb 10, 2011, Alberta housing sales growth forecast to lead country Resale housing market activity has picked up in Alberta since last summer but “it still has some way to go before we can confidently declare it out of its lethargy,” says a report released Thursday by RBC Economics. It predicts resales in the province to grow by a nation-leading … Read More
Feb 8, 2011, Calgary homes beat national average for investment return Calgary homeowners earned among the highest compounded rate of return for real estate between 2000 and 2010, according to a report released Tuesday by Re/Max. The report said the average residential price in the city grew from $176,305 in 2000 to $398,764 last year – an annual compounded rate … Read More
Jan 28, 2011, Potential buyers sit on sidelines as Calgary MLS sales start 2011 on sluggish note As a potential first-time homebuyer, Kelly Steward has kept a close eye on Calgary’s residential real estate market for the past six months. She admits she’s pretty “picky” because she is searching for a property that either has a suited basement or has … Read More
Jan 21, 2011, Resale house prices in Calgary expected to climb 5-7 Short-term year-over-year price growth expectations for Calgary’s resale housing market is in the five to seven per cent range, according to the Conference Board of Canada. The board’s Metro Resale Index, released Friday, said Calgary joins Victoria, Vancouver, the Fraser Valley, Regina, Winnipeg, Halifax and Newfoundland in that … Read More
Jan 19, 2011, Canadian mortgages linked to strong economy Residential mortgage credit has expanded very rapidly in Canada during the past decade, at an average of about 10 per cent per year, raising fears about the level of risk in the mortgage market and possible consequences for the broader economy, says a new report. The report – Revisiting the Canadian … Read More
Jan 17, 2011, Federal government tightens mortgage rules again For the second time in less than one year, the federal government has tightened rules around mortgage financing amid growing concerns about how much personal debt Canadians are taking on —_a move that could add an estimated $100 a month in carrying costs for future homeowners and price others out of … Read More