Why you do not want a CIBC mortgage – they are beig sued for unfair payouts.
Lawyer files prepayment class action against CIBC
By Vernon Clement Jones
Twin class action lawsuits were filed in B.C. and Ontario late last week alleging some CIBC mortgage borrowers have been unfairly penalized by “vague” prepayment terms, the lawyer behind the action told MortgageBrokerNews.ca.
Canadians still looking towards Alberta for employment
Comment – all the in-migration is what caused the home prices to boom form 200k to 400k in 6 months in 2006 and 2007. This is all happening again right now – as noted below.
The outcome will not be prices going to 600k but well priced homes will move quickly and there will be upward price pressure until most of the excess inventory is moved.
Drop off your pumpkins on Nov 1.
Don’t forget about Walk of the Pumpkins at the Hidden Hut (10504 Hidden Valley DR NW) Nov 1, 2011 5pm-8pm. Drop off your pumpkins early!!
RT from Robyn Moser
Calgary resale homes top $400,000 average
CALGARY — The average price of resale homes in Calgary topped $400,000 in August, according to a report released Friday by the Conference Board of Canada.
The board said all residential property sales in the city hit an average of $404,755 during the month, up from $391,497 a year ago.
Canadian debt levels no cause for alarm, economist says
Her comments below are right on.
Globe and Mail Blog
Posted on Monday, September 19, 2011 6:40PM EDT
A report that showed Canadian household debt levels have topped U.S. ones should be taken with a grain of salt, according to one economist.
Calgary MLS sales jump 22% in August
CALGARY — MLS sales in Calgary rose by 22.1 per cent in August compared with a year ago — a greater year-over-year rate of growth than the rest of the country.
The Canadian Real Estate Association said Thursday that Calgary recorded 1,907 MLS sales for all residential properties during the month for an average price of $394,251, up 2.2 per cent from last year.
Calgary house prices to get burst of energy
House prices to get burst of energy
Where oil goes, so goes Calgary.
As much as we like to say the city isn’t as dependent on black gold for its health and prosperity, the fact is, we are.
With oil prices regaining strength and with hiring happening in the oilfields, the economy is beginning to strengthen — and it’s pulling consumer confidence along with it.
Housing Market in Canada is Stable
Housing Market Still Stable: CREA
Friday, 16 September 2011
According to new data released from the Canadian Real Estate Association, housing activity in Canada remained stable in the month of August, which represents the second month in a row.
“The housing market in Canada remained on a firm footing in August when compared to volatile financial markets,” said Gary Morse, CREA President. “Through their actions, homebuyers are showing that they remain confident about the stability of the Canadian housing market, and recognize that the continuation of low interest rates represents an excellent opportunity to buy their first home or trade up.”
Why Some Languages Sound So Fast
Slow Down! Why Some Languages Sound So Fast
By Jeffrey Kluger
Passengers converse with each other on a train line in Tokyo, Japan.
Read more: http://www.time.com/time/health/article/0,8599,2091477,00.html#ixzz1XlV9EEFtHere’s one of the least-interesting paragraphs you’ve ever read: “Last night I opened the front door to let the cat out. It was such a beautiful night that I wandered down to the garden to get a breath of fresh air. Then I heard a click as the door closed behind me.”
Alberta economic growth among Canada’s leaders
Alberta economic growth among Canada’s leaders: 3.7% hike forecast for this year
CALGARY — Alberta is positioned as one of Canada’s provincial leaders in growth, according to the latest RBC Economics Provincial Outlook report released Monday.