Oct 19, 2010, Calgary house prices stabilize Calgary house prices stabilized in the third quarter and now stand close to year-ago levels, according to the Royal LePage House Price Survey released today. Year-over-year prices for detached bungalows rose 2.7 per cent in the third quarter to $412,744. Meanwhile, year-over-year prices for standard condominiums and standard two-storey homes declined slightly, by … Read More
Oct 19, 2010, Bank of Canada maintains overnight rate target at 1 per cent OTTAWA – 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 is entering a … Read More
Oct 5, 2010, Luxury home sales boom in Calgary The sale of luxury homes remains a “bright spot” in Calgary’s real estate market with sales in the high-end market booming. The Re/Max Market Trends Report Fall 2010, released Tuesday, said year-to-date (until the end of August) sales of homes over $1 million surged 25 per cent ahead of 2009 levels … Read More
Sep 28, 2010, Calgary buyers ‘circle the wagons’ as home resales fall: RBC Home resales in Calgary fell significantly through the spring and summer, reaching levels only moderately higher than the lows seen at the end of 2008 – the worst period in the housing downturn, according to the latest housing report released today by RBC Economics Research. Renewed weakness … Read More
Sep 23, 2010, Businesses see Calgary climbing out of recession It may not feel like the heady days of 2007, but Calgary is set to take back its spot as the nation’s leader in economic growth. That’s according to a Conference Board of Canada report Wednesday which predicts that, after being battered and beaten in 2009, Calgary’s economy will be … Read More
Sep 23, 2010, Alberta to lead Canadian economy through 2011: TD report The Prairies and Alberta in particular will have the best growth in Canada over this year and in 2011, says TD chief economist Craig Alexander. He told the 2011 Economic Outlook, hosted by Calgary Economic Development, Thursday Alberta will post 2.8 per cent growth this year and more … Read More
Sep 15, 2010, Calgary MLS sales third highest drop in country Only Vancouver and Victoria saw a greater drop in MLS sales than Calgary in August compared with a year ago, according to the Canadian Real Estate Association. The national association of realtors reported today that sales of existing homes in Calgary fell by 32.8 per cent to 1,562 units … Read More
Sep 13, 2010, Mortgage arrears soar in Alberta; consumers live cheque-to-cheque The number of Albertans behind on their mortgages has risen dramatically in the past three years with the province sporting by far the highest rate in the country. According to data as of June by the Canadian Bankers Association, there were a total of 500,429 mortgages in Alberta, through … Read More
Sep 8, 2010, Bank of Canada increases overnight target rate to 1 OTTAWA –The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 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
Aug 3, 2010, Calgary’s housing market continues to cool Calgary’s housing market continued its summer slowdown in July, although prices appear stable, new figures show. The Calgary Real Estate Board said Tuesday single family home sales were down 42 per cent from the same period a year ago. Condominium sales were down 44 per cent in the same period. In … Read More