Why Alberta Does NOT have a housing bubble; or What is supporting Alberta home prices …
The article below echoes the theme of many of my posts – Inbound migration to Alberta is supporting home prices. Our growth at 6% is 1% less than India – the world leader. My new favorite quote is below, “Alberta actually has the dynamics or properties you’d normally see in emerging economies.”
Calgary outpaces province
Single-family home construction starts in Calgary and area hit 3,085 in the first six months of 2013
Photograph by: Files , Calgary Herald
Construction starts of single-family homes during the first half of 2013 in the Calgary area were the highest of all urban centres in Alberta — outpacing activity from a year earlier, says a federal agency.
Did the Flood Frustrate Your Real Estate Contract?
|
This is a repost from my good lawyer friend Jeff V. Kahane as he and I have had many questions about it. Did the Flood Frustrate Your Real Estate Contract? |
|
We’ve all seen the horrific images over the past weeks of those directly affected by record flood waters. What we haven’t seen reported in the mainstream media is those who have been directly impacted by virtue of having bought or sold a property, and settling on a possession date during or after the flood. |
Alberta almost at 4,000,000 people – they have to live somewhere
Paula Simons column in the Calgary Herald this weekend entitled “ Population Growth will Change Alberta forever” is, without a doubt, an interesting read.
The article states “Last year alone, Alberta welcomed almost 200,000 new arrivals (198,285 to be exact). Most fresh Albertans came from other parts of Canada more than 110,000.”
How low are interest rates? Really? Here is the big picture…
I just found this and thought it would be interesting for clients that call and tell me 3.49% for a 5 year fixed is way to high!
I’m not sure what you were expecting so here is a good barometer of the real picture.
Why you should NOT renew your mortgage with the bank … The BANK has the BANK’S interests ahead of yours – ALWAYS!
Why you should NOT renew your mortgage with the bank … without checking with a broker (me) first, because the BANK has the BANK’S interests ahead of yours – ALWAYS!
Below is an article that shows the bank does not have your best interest in mind. Because they are paid to make money, not help you make the best decision for your finances. I get calls like this every day from incorrect mortgage payoffs to bad advice overall. Now you can see how clear it is with this example.
Calgary house price growth best in Canada
Calgary house price growth best in Canada
2.3% hike in May for repeat home sales By Mario Toneguzzi, Calgary HeraldJune 12, 2013 9:07 AM
Calgary realtor Shayna Nackoney-Skauge.
CALGARY — Calgary experienced the best monthly growth rate in house prices in May for repeat home sales across the country, according to a new report released Wednesday.
The Teranet-National Bank National Composite House Price Index said prices in Calgary were up 2.3 per cent from the previous month.
Calgary housing market smashes records in May
The people that buy high end homes are often “job creators” and able to see what is happening in their business. They can see that things are going well now and are looking better in the future. All great for our continued economic prosperity in Calgary.
Prices and luxury home sales reach new lofty levels
CALGARY — Calgary’s resale housing market set a number of records in May.
According to preliminary, unofficial data on the Calgary Real Estate Board’s website, new levels were reached during the month for median and average MLS sale prices in the single-family market as well as for total residential sales in the city.
Only Calgary and Edmonton have increasing real estate markets!
A better headline would be: Name the 2 biggest cities in the Province that has the most in-migration, oil & gas jobs and projects, youngest and highest educated work force making the highest per person weekly wage in the country.
Canada: #1 housing, 3rd Overall in Quality of Life!
Canadians best-off in housing, 3rd overall in new OECD “Quality Of Life” survey!
How typically Canadian, we do really well in the survey of best Quality of Life then say … well we’re 3rd so, you know, that’s just fine, sort of … at least we are pounding our mortgages out in 1/3 less time than we thought we needed. Maybe it is time for the government to let the tourniquet off of the mortgage rules for a bit so we can buy our homes again.