Province Seeks Further Publicity For Housing Initiative

Calgary Real Estate News

The province revealed further details of its $188-million Housing Capital initiatives program on Friday which will include 1,000 additional low-income housing units for approximately 2,400 Albertans.

Housing and Urban Affairs Minister Johnathan Denis said more than $90-million of the previously-announced fund will go toward 27 projects in 13 communities across Alberta – including several initiatives in Calgary. Want to read more in depth on this article? Just click the link below.

Province Seeks Further Publicity For Housing Initiative – Calgary Real Estate

January Home Sales Rise Across Canada

Calgary Real Estate News

The Canadian Real Estate Association reported that the existing home sales all over Canada increased 4.5% on a seasonally adjusted basis in January over December.

The increase took sales to their highest level since April 2010, with more than half of all local markets posting monthly gains, likely brought on in part by new mortgage regulations that come into effect next month. Want to read more in depth on this article? Just click the link below.

January Home Sales Rise Across Canada – Calgary Real Estate

CREA Urges Caution Over More Mortgage Rule Changes

Calgary Real Estate News

Concrete Equities Investor Tells Of Lost $200,000

Calgary Real Estate News

CALGARY – Intrigued by what seemed like a “promising investment” featured in ads from a company sponsoring the TV investing show Dragon’s Den, Jacquie Karch reached out to Concrete Equities.

That decision in 2007, she told an Alberta Securities Commission hearing Thursday, has resulted in her struggling to pay off a $200,000 line of credit taken out to invest in four projects of the now-defunct commercial real estate venture and the loss of more than $30,000 in RRSPs.

“I wish I had never heard of Concrete Equities,” the former teacher, who has been on long-term disability since 2006 because of her multiple sclerosis, said. “Three and a half years ago I had my condo paid off. It’s not like I can go out and get a job.” Want to read more in depth on this article? Just click the link below.

Concrete Equities Investor Tells Of Lost $200,000 – Calgary Real Estate

House Prices To Match Inflation: CMHC

Calgary Real Estate News

Canadian house prices will move in line with inflation for the next two years, Canada Mortgage and Housing Corp. said in its first quarter market outlook.

The report is the third from a major market forecaster in the last week. The Canadian Real Estate Association and Royal Bank of Canada also predicted small gains through 2011 and 2012. Want to read more in depth on this article? Just click the link below.

House Prices To Match Inflation: CMHC – Calgary Real Estate

Calgary Economy To Lead The Country In 2012

Calgary Real Estate News

Calgary’s economy will regain its place as one of the fastest growing census metropolitan areas in Canada over the next two years, says the Conference Board of Canada.

In its Metropolitan Outlook Winter 2011 edition, the board says “the continued recovery in the energy sector will boost economic growth by 3.7 per cent in 2011 and above four per cent the following year, placing Calgary at the top of the growth leaderboard in 2012.” Want to read more in depth on this article? Just click the link below.

Canada’s Housing Market Could Prove More Resilient In 2011

Calgary Real Estate News

The Canadian Real Estate Association predicts that Canadian ohm sales will be better this year. To achieve this assumption, improving consumer confidence must be done and will partially offset the anticipated deterrent of interest rate hikes. Want to read more in depth on this article? Just click the link below.

Canada’s Housing Market Could Prove More Resilient In 2011 – Calgary Real Estate

Brentwood Community Seeks Changes To University City Condo Project

Calgary Real Estate News

The first phase of the University City condominium project is nearly sold out, but at least one community association wants several changes made to avoid it becoming at “high-storey frat house.” Want to read more in depth on this article? Just click the link below.

Brentwood Community Seeks Changes To University City Condo Project – Calgary Real Estate

Calgary Homes Beat National Average For Investment Return

Calgary Real Estate News

Calgary homeowners earned among the highest compounded rate of return for real estate between 2000 and 2010, according to a report released Tuesday by Re/Max. It is said theta an annual compounded rate of return was 7.70 percent. Want to read more in depth on this article? Just click the link below.?

Calgary Homes Beat National Average For Investment Return – Calgary Real Estate

Calgary New Home Prices Rise Slightly In December

Calgary Real Estate News

The prices of new houses in the metropolitan area of Calgary grew by one of the slowest rates in the country in December. Statistics Canada said Calgary CMA prices were up 1.1 per cent on an annual basis and 0.1 per cent on a monthly basis. Want to read more in depth on this article? Just click the link below.

Calgary New Home Prices Rise Slightly In December – Calgary Real Estate

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