Latest Real Estate News
Demand fоr housing іn thе Calgary region iѕ expected tо increase nеxt yeаr aѕ thе economy expands, creating jobs аnd attracting morе people here, sаyѕ Canada Mortgage аnd Housing Corp. MLS residential sales thіs yеаr arе expected tо end thе yеаr аt 22,200 units, аn increase оf 5.7 pеr cent frоm 20,996 іn 2010, sаys […]
The housing market mаy bе а boring plаce fоr thе nеxt year, accоrding tо CMHC, aѕ thе numbеr оf starts remains nеаr current levels аnd resale prices hold steady. In itѕ fourth quarter market update, Canada Mortgage аnd Housing Corp. saіd mortgage rates wоuld lіkely remain аt historically lоw levels аt lеaѕt untіl thе lаѕt […]
A class action suit has been launched in B.C. against CIBC Mortgages Inc. over mortgage prepayment penalties. Vancouver class action lawyer Kieran Bridge, lead counsel on the case nationally, said the suit has been launched in both B.C. and Ontario and represents a national class of individuals. Siskinds LLP is the solicitor of record in […]
**************** I would like to wish each and everyone of you a very Happy and Safe Thanksgiving Holiday! Be Thankful, and enjoy it, Ljuba Djordjevic FlatFee495.com ************************* ” Thanksgiving, or Thanksgiving Day (Canadian French: Jour de l’Action de grâce), occurring on the second Monday in October (since 1957), is an annual Canadian holiday to give […]
Calgary’s residential housing market saw the increase in activity in September despite ongoing global economic turmoil, based on the CREB. Data launched through the board Monday indicated sales and prices elevated throughout the month in comparison with last year. There have been 1,036 single-family MLS sales in September, up 8.25 percent from September 2010. The […]
” Alberta is positioned as one of Canada’s provincial leaders in growth, according to the latest RBC Economics Provincial Outlook report released Monday. The provincial economy is set to grow at a rate of 3.7 per cent in 2011 and 3.9 per cent in 2012, said RBC. Both years Alberta will be second overall in […]
“Calgary is a global city. We offer a quality of life that rivals that of any international community. Combined with the economic situation here, I don’t think there’s a better place to be in North America,” said Ben Brunnen, chief economist at the Calgary Chamber of Commerce. “Quality of life and livability are key to […]
“This chart shows the detached housing prices for Vancouver, Calgary, Edmonton, Toronto, Ottawa* and Montréal. In June 2011 Vancouver prices flew off the chart; I had to extend the Y axis again. Vancouver, Ottawa and Montreal set new highs. Calgary and Edmonton prices slumped M/M and remain 5% and 11% off their record highs set […]
The Bank of Canada put an interest rate hike firmly back on the table for the second half of the year, sending the Canadian dollar to its highest level in more than two months Tuesday. The central bank left its key policy rate unchanged at one per cent, but assumed a more hawkish tone in […]
Location: West End SW Downtown Style: apartment Bathrooms: 2 Basement: none Parking: underground garage Floor area: 1383 sqft Price: $ 439900 Realtor: Ljuba Djordjevic Phone: 403-681-1606 [st] SUPERIOR LOCATION with UNBEATABLE VIEW at this beautiful and spacious 3 bedroom (2 bed + den) condo at Westpointe Plaza. With almost 1400 sq.ft of interior space plus […]
RBC Economics has pushed back its forecast for the next interest hike from the Bank of Canada to early fall due to resurgent downside risks to the recovery. In a research note, RBC says, “Faced with the revival in nervousness about the prospects for the global economy, particularly the European financial and government sectors, and […]
Benjamin Tal, Deputy Chief Economist at CIBC World Markets, has predicted that the 5 Year fixed mortgage interest rate will go up by between 50 and 80 basis points starting in July. The Bank of Canada may also move to increase the prime rate which affects variable rates and some lenders are reducing their variable […]