Category: News
Alberta Real Estate Market Heading Up in 2012
Alberta housing starts are expected to increase by 15% in 2012 to 29,200 which is the highest level since the peak in 2007. At the same time, MLS resale home are expected to increase by nearly 6% this year and another 2% to nearly 53,900 units next year.
Factors influencing this forecast are a strong domestic economy and immigration at a level that is 40% higher than the past 20 year average. Not to mention mortgage rates at an all time low.
Calgary may see 10% price increases in 2013
One opinion is that Real Estate prices will increase in the Calgary market in 2013 by as much as 10%. That is according to the president of the Real Estate Investment Network in Canada. Read this article for more details.
No More Morgage Rule Tightening
Last week Canadian Finance Minister Jim Flaherty dismissed speculation about a Canadian housing bubble, telling reporters in New York on Wednesday that there is no reason to further tighten the Canadian mortgage rules.
The End is NOT Here
As Canadian consumer debt levels creep higher and higher, many articles have been written about how a U.S.-style recession is destined to hit Canada. That’s why it’s refreshing to come across the odd article that opposes this Chicken Little (the sky is falling) type view - like this one in the Montreal Gazette . The article [...]
Canadian Mortgage Rates Drop
Fixed mortgage interest rates in Canada dropped again last week due in part to trouble in Japan.
Count-down to New Mortgage Rules
With just a few weeks to go before the new mortgage rules take effect, do you know how they might affect you?
New Mortgage Rules for Canadians: What you need to know.
If your planning on purchasing a home, taking equity out of your existing home, or even applying for a Home Equity Line of Credit with your bank, there are some changes coming up for Canadians that you should know about and, depending on how they affect your plans, may bump up or push back your [...]
More Canadians Turning to Mortgage Brokers
A report recently released by Deloitte shows a significant rise in the number of home buyers who choose to use a mortgage broker to negotiate their home loans. The report says that 38 percent of mortgages in Canada were generated by mortgage brokers in 2009, up from 26 percent in 2003. Brokers are most popular [...]
Alberta House Unit Sales to drop, Average Price Still Up
The Canadian Real Estate Association has indicated that while Alberta unit sales are going to drop this year, average sale prices are still expected to increase modestly which is good news overall for anyone who owns a home. Below is an article from the Calgary Herald that explains things in more detail:
June Mortgage & Finance Statistics
June Mortgage and Finance Statistics. Variable rates have recently increased due to the Bank of Canada announcement. See the current Exchange rate, Government of Canada Bond rate, Housing Start data and MLS Resale price data.
