Alberta Housing Sales Growth Forecast To Lead Country

Calgary Real Estate News

Last Thursday, February 10, 2011, the Royal Bank of Canada Economics reported that Resale housing market activity has picked up in Alberta since last summer. Want to read more in depth on this article? Just click the link below.

Alberta Housing Sales Growth Forecast To Lead Country – Calgary Real Estate

Multi-family Sector Boosts Calgary Housing Starts

The Multi-Family Home Builders has boosted their house construction in the Calgary Region. Construction boosted total housing starts to 518 for the month which was up slightly from 514 a year ago. Want to read more in depth on this article? Just click the link below.

Multi-family Sector Boosts Calgary Housing Starts – Calgary Real Estate

Regina Led Nation In Housing Price Hike

Calgary Real Estate News

The dawn of the new millennium, the price of an average resale home sat at $176,305. The performance of Regina’s housing market the ReMax report describes as “nothing short of remarkable”. Want to read more in depth on this article? Just click the link below.

Regina Led Nation In Housing Price Hike – Calgary Real Estate.

Homes Sales Expected To Rise

Calgary Real Estate News

An improvement of economic outlook and strengthen of consumer confidence is the main factors of the Canadian Real Estate Association in raising its outlook for home sales this year. Want to read more in depth on this article? Just click the link below.An improvement of economic outlook and strengthen of consumer confidence is the main factors of the Canadian Real Estate Association in raising its outlook for home sales this year. Want to read more in depth on this article? Just click the link below.

Homes Sales Expected To Rise – Calgary Real Estate

2011 Housing Drop Seen Less Severe

Calgary Real Estate News

The Canadian Real Estate Association has raised its sales forecast for the rest of the year, calling for a smaller decline than it originally expected as low interest rates keep buyers in the market. Want to read more in depth on this article? Just click the link below.

2011 Housing Drop Seen Less Severe – Calgary Real Estate

Housing Gains Of Past Decade Unsustainable, Analysts Say

Calgary Real Estate News

The dramatic, decade-long run-up in house prices reported Tuesday by Re/Max will become a distant memory in the years ahead, possibly even calling into question the postwar mantra that buying real estate is a surefire investment, analysts said Tuesday.

Having the increase that we did is for surely un-sustainable, however the market is still in a fabulous place and purchasing real estate as an investment in Alberta IS a Great Investment… It’s all about cash flow!  Calgary was and still is a great place to invest in real estate in Alberta.

Want to read more in depth on this article? Just click the link below.

Housing Gains Of Past Decade Unsustainable, Analysts Say – Calgary Real Estate

Housing Market Will Be Stable Next Two Years: RBC

Calgary Real Estate News

A stronger economy will offset the effects of higher mortgage rates and keep Canadian house prices stable over the next two years, according to the Royal Bank of Canada. Want to read more in depth on this article? Just click the link below.

Housing Market Will Be Stable Next Two Years: RBC – Calgary Real Estate

3 Ways To Deal With Rising Mortgage Rates

Calgary Real Estate News

Reacting to this fear by locking-in your mortgage is akin to preparing for an ice and snow storm by only salting your driveway, but forgetting to close your windows. So what should you do with your mortgage? Here’s the best guidance that they can offer.

1.Don’t rush into home ownership because you are convinced that mortgage rates are headed-up and you will never see 5 per cent again.

2.If you’ve just bought a home and you have a large mortgage, relative to the home’s value, I urge you to lock-in for as long as possible. You probably should not have “floated” to begin with and are now facing the probable risk that real estate prices decline and interest rates increase.

3.If your mortgage payments are only a small fraction of your monthly expenses and you have built-up substantial equity in your home, and – this is key – you have a diversified portfolio of financial assets, like stocks and bond inside your RRSP and other accounts, then my advice to you is very different…

Want to read more in depth on this article? Read more about 3 Ways To Deal With Rising Mortgage Rates – Calgary Real Estate

Prices Of New Homes Edge Up

Calgary Real Estate News

New-home prices edged up 0.1 per cent in December, according to Statistics Canada. Economists had expected the federal agency’s new-home price index to rise 0.2 per cent in December, following a 0.3-per-cent advance in the previous month.

Want to read more in depth on this article? Read more about Prices of New Homes Edge Up – Calgary Real Estate.

Calgary Homebuyers Emerge, Predict Early Spring

CALGARY, AB, Feb. 2, 2011/ Troy Media/ – After an exceptionally busy start to 2010, Calgary’s housing market pretty much went to sleep for the latter half of last year. And although the housing statistics for January 2011 are nothing to get excited about, the housing market did start to move in the right direction.

There were 1,336 home sales in Calgary in January, up slightly from 1,286 in December. But, even though January’s sales numbers were nothing to write home about, it was the first time in nine months that the number of home sales rose. Calgary housing prices also headed higher in January with the overall median sales price rising $6,000 from December (+1.7 per cent) to $350,000.

The months of December and January are typically the slowest for housing sales, and hence it can be difficult to gain a true pulse of the market during this period.

However, activity usually starts to spring to life starting in February or March, when a more accurate reading can be obtained.

In 2010, the total number of home sales in Calgary fell to its lowest level since 2000 as homebuyers, wary of rising interest rates, held off on purchases. However, prices have held up over this period and, other than the odd spike and dip, have been pretty flat since the end of 2008.

Currently, with Alberta’s economy picking up the pace and interest rates still exceptionally low, it is hard to imagine that buying activity won’t see some improvement in 2011. February and March are also liable to receive an added boost from the new (more stringent) mortgage financing rules which take effect on March 18th.

| Dan Sumner, ATB Financial

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