Dec 7, 2010, Bank of Canada maintains overnight rate target at 1 per cent OTTAWA, Dec. 7 /CNW/ – The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The global economic recovery … Read More
Nov 26, 2010, Calgary resale housing market expecting price growth The Conference Board of Canada says Calgary’s resale housing market can expect short-term year-over-year price growth at between five and seven per cent. The board, in releasing its monthly Metro Resale Index today, said Calgary is in a balanced housing market. The average MLS sale price in the city in … Read More
Nov 23, 2010, No sign of Canadian housing bubble: Flaherty There is no sign that Canada has a housing bubble, Finance Minister Jim Flaherty said on Tuesday, dismissing the idea the country was facing the same kind of property crisis as Ireland. “The evidence is not there that Canada has a housing bubble. In fact, the evidence with respect to … Read More
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