Western marke…
Western market
Move over, Toronto – there’s a new hotspot in town
shelley white
Special to Globe and Mail Update
Published Monday, Oct. 31, 2011 4:54PM EDT
Last updated Monday, Oct. 31, 2011 7:43PM EDT
Sky-high rents. Heavy demand for downtown office space. A magnet for company headquarters. It may sound like Toronto, but this commercial real estate hotspot is decidedly farther west.
Despite erratic markets and a lingering world recession, Calgary’s office and commercial real estate market rivals Toronto as the most robust in the country, driven predominantly by the continued growth plans of energy companies.
Alberta leads North America in economic freedom: Fraser Institute report
This is great news for those of us in Alberta – we already knew we are booming. The rest of Canada is finding out as there were 26,000 new people added to Calgary this year. Almost the same as the boom in 2006. That means more people looking for homes or to rent and that demand will take up the housing slack.
Calgary housing market poised to show strong price growth
More good news on the market outlook.
November 6, 2011. 8:33 pm
Pay attention. Something’s happening here,” says Don Campbell, president of the Real Estate Investment Network in Canada.
Campbell is paying attention to the all the reports coming out these days showing some positive economic news for Alberta and Calgary. Good economic growth. In-migration levels rising. And employment growth leading the way in Canada.
Couple retires in Rimbey home built from 30 steel shipping containers
This is cool.
Containers are built to ISO 9000 standards so they are all the same and made to the same standard. Neat.
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The Glennon family’s retirement home might just look like a stack of shipping containers of all different colours from the outside.
How do we (mortgage brokers) know rates are going up?
Hi All – many people ask how we know that rates are going to change ahead of time. Below is a sample of the data that we read on a daily basis. If you were motivated enough to read things like this every day – or figure them out for yourself – then you would know too. Or, just let a mortgage broker do it.
Calgary house prices and sales rise in September
Calgary is showing solid numbers are the in-migration continues. Almost 40% of people moving to Alberta move to Calgary.
CALGARY — Calgary house prices and sales rose in September compared with a year ago, according to the Canadian Real Estate Association.
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.