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
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