As sales slump again, some buyers ‘not willing to pull the trigger because they expect even bigger discounts’ CBC News Posted: May 02, 2016 12:02 PM MT Last Updated: May 02, 2016 12:02 PM MT April marked another month of “market imbalance” for home sales, according to the Calgary Real Estate Board, with more houses listed but fewer actually selling. … Read More
Josh Skapin, Calgary Herald Published on: January 29, 2016 | Last Updated: January 29, 2016 1:18 PM MST Prices were higher in the Calgary area but Alberta’s other big city was busier bringing on more single-family homes in 2015. This was one of many differences in how the housing markets in Calgary and Edmonton stacked up last year. Josh Skapin looks at … Read More
Mario Toneguzzi, Calgary Herald Published on: January 18, 2016 | Last Updated: January 18, 2016 7:16 PM MST Housing sales in the heart of Alberta’s oil patch have taken the hardest hit from plunging oil prices. Data from the Canadian Real Estate Association show Fort McMurray MLS sales last year fell by 43.5 per cent from 2014 levels, while the average sale price declined … Read More
Mario Toneguzzi, Calgary Herald Calgary is expected to feel the biggest impact of new measures announced Friday by the federal government to increase minimum mortgage down payments for homes more than $500,000, says a national economist. In a report assessing the impact of higher down payments, Benjamin Tal, deputy chief economist with CIBC World Markets, said the share of new … Read More
JOSH SKAPIN Published on: October 23, 2015 | Last Updated: October 23, 2015 12:24 PM MDT More dollars have changed hands for new and resale single-family homes in all parts of Calgary this year. Paced by a 35 per cent climb in the northeast, all four quadrants saw the average value at absorption on single-family homes rise during the third … Read More
October 20, 2015 Highlights The federal Liberal Party, led by Justin Trudeau, appears likely to have taken 184 seats (54% of the newly expanded house) in last night’s election, a strong gain from the 36 seats (12%) held pre-election; handily passing the 170 seat threshold required for a majority government. In their election platform, the Liberal party promised a revamping … Read More
by MIKE TARASKO Posted Aug 31, 2015 7:52 am MDT There are some signs of stability starting to emerge in Calgary’s re-sale housing market. According to RBC’s Affordability Index Report, supply and demand leveled off in the 2nd quarter of the year, and consumer confidence also increased. However, those factors haven’t reflected in prices just yet as they remained under slight … Read More
MARIO TONEGUZZI, CALGARY HERALD Published on: August 13, 2015 | Last Updated: August 13, 2015 6:47 AM MDT For the first time this year, new housing prices were up in the Calgary census metropolitan area in June, according to Statistics Canada. The federal agency reported Thursday that prices rose by 0.1 per cent from the previous month. “Higher land prices … Read More
By Staff Canadian Press OTTAWA – TD Bank says the Bank of Canada’s latest decision to cut its key interest rate will not be a “game changer” for the country’s housing market. Some have raised concerns about what the interest rate cut by the central bank could mean for an already hot housing market. TD said Friday the central bank’s … Read More
2nd time since January that central bank has cut lending rate By Pete Evans, CBC News Posted: Jul 15, 2015 10:07 AM ET Last Updated: Jul 15, 2015 1:45 PM ET Canada’s central bank today lowered its benchmark interest rate to 0.5 per cent, the second time this year it has dropped the rate to stimulate the economy, after holding it steady for about four years. The loonie lost … Read More