Nov 9, 2010, Calgary, Montreal contribute to new home price rise Montreal and Calgary were the largest contributors to the increase in the New Housing Price Index between August and September. Statistics Canada reported today that nationally the index rose by 0.2 per cent in September on a monthly basis buoyed by Montreal’s 1.6 per cent hike and Calgary’s 0.3 … Read More
Nov 9, 2010, Alberta house prices, sales to drop next year The Canadian Real Estate Association is forecasting house prices and sales will fall next year in Alberta. In a revised forecast released today, the national association of realtors, predicted total sales in the province will decline by 5.6 per cent in 2011 to 46,550 transactions. This comes after a … Read More
Nov 9, 2010, Calgary industrial land selling for more than 600,000 per acre Buyers are still cautious for Calgary and area industrial land sales this year but interest is beginning to pick up. So far this year, 53.4 hectares of industrial land has sold in the Calgary area for a total dollar volume of $70.8 million. Last year, virtually the … Read More
Nov 9, 2010, Calgary multi-family starts soar Multi-family starts in the Calgary census metropolitan area soared in October to a level more than 90 per cent higher than a year ago. According to data released today by Canada Mortgage and Housing Corp., there were 438 multi-family units that began construction last month, up from 230 units in October 2009. However, … Read More
Nov 8, 2010, Calgary condo project sells out first two towers The University City new highrise condo project, planned for the Brentwood LRT station, has completely sold out the first two phases of the development. Now registration has begun for the next two phases of the transit oriented development across from the University of Calgary. On the weekend, Phase 1 … Read More
Nov 8, 2010, Canadian mortgage debt surpasses 1 trillion Canadian mortgage debt for the first time has surpassed $1 trillion, according to the sixth Annual State of the Residential Mortgage Market report from the Canadian Association of Accredited Mortgage Professionals released today. The report also said the vast majority of Canadians with mortgages are able to afford at least a … Read More
Nov 2, 2010, Buyers line up for Calgary condo project Three years ago during the peak of the housing market Calgarians lined up to purchase condominiums at projects that had not even dug a hole in the ground yet. This past weekend it was a case of deja vu as condo mania swept through the sales centre at the University … Read More
Oct 28, 2010, More Canadians seek mortgage broker’s help The percentage of Canadians using mortgage brokers to buy their homes has increased significantly this decade. The Deloitte report, Winning Strategies in the Brokered Mortgage Marketplace, released Wednesday, said that in the 1990s mortgage brokers numbered in the hundreds and were a last resort for borrowers unable to obtain a mortgage … Read More
Oct 28, 2010, Majority of Alberta boomers mortgage-free Alberta’s boomers are the most likely in the country to have paid off their mortgage in full. The TD Canada Trust Boomer Buyers Report released Thursday said nearly six-in-10 Alberta boomers have paid off their mortgage versus 44 per cent nationally. But the poll also said one in 10 Albertans have paid … Read More
Oct 22, 2010, Calgary housing price increases forecast by Conference Board Short term year-over-year price growth expectations for the Calgary housing market are in the five to seven per cent range, according to the Conference Board of Canada. In releasing its Metro Sale Index today, the board said Edmonton, Saskatoon, Gatineau, Montreal, Quebec City, Sherbrooke, Trois-Rivieres and Saguenay were all … Read More