May 31st Rate Date – No Change for Variable Rate Clients
Filed Under Calgary News Articles, Calgary Real Estate, Calgary Real Estate News, Contributors, Mortgages · Tagged: Calgary Mortgages, Calgary Real Estate, Calgary Real Estate News, mortgage news, new financing, new mortgage
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
The global economic recovery is proceeding broadly as expected in the Bank's April Monetary Policy Report (MPR). The U.S. economy continues to grow at a modest pace, limited by the consolidation of household balance sheets. Growth in Europe is maintaining momentum, although the risks related to peripheral economies have increased. The disasters that struck Japan in March are severely affecting its economic activity and causing temporary supply chain disruptions in advanced economies. Commodity prices have declined recently but are expected to remain at elevated levels, supported by tight global supply and very strong demand from emerging markets. These high prices, combined with persistent excess demand conditions in major emerging-market economies, are contributing to broader global inflationary pressures. Despite the challenges that weigh on the global outlook, financial conditions remain very stimulative.
In Canada, the economic expansion is proceeding largely as expected in the April MPR. The economy grew at an annual rate of 3.9 per cent in the first quarter, reflecting continued strong business investment, smaller contributions from household and government spending, and a modest drag from net exports. Although temporary supply chain disruptions are expected to restrain growth sharply in the current quarter, this is expected to be unwound in subsequent quarters.
While underlying inflation is relatively subdued, the Bank expects that high energy prices and changes in provincial indirect taxes will keep total CPI inflation above 3 per cent in the short term. Total CPI inflation is expected to converge with core inflation at 2 per cent by the middle of 2012 as excess supply in the economy is gradually absorbed, labour compensation growth stays modest, productivity recovers and inflation expectations remain well-anchored.
The possibility of greater momentum in household borrowing and spending in Canada represents an upside risk to inflation. On the other hand, the persistent strength of the Canadian dollar could create even greater headwinds for the Canadian economy, putting additional downward pressure on inflation through weaker-than-expected net exports and larger declines in import prices.
Reflecting all of these factors, the Bank has decided to maintain the target for the overnight rate at 1 per cent. To the extent that the expansion continues and the current material excess supply in the economy is gradually absorbed, some of the considerable monetary policy stimulus currently in place will be eventually withdrawn, consistent with achieving the 2 per cent inflation target. Such reduction would need to be carefully considered.
Calgary Multi-Family Home Market Coming Out Of The Recession
Filed Under Buying, Calgary News Articles, Calgary Real Estate, Calgary Real Estate News, Contributors, Selling · Tagged: Calgary Real Estate, Calgary Real Estate News
Calgary Real Estate News
CALGARY – During his career in the homebuilding industry, Tim Logel has seen three recessions in close to 30 years.
And Wednesday he said signs that Calgary is coming out of the recession are present today like they were in past recessions. Want to read more in depth on this article? Just click the link below.
Calgary Multi-Family Home Market Coming Out Of The Recession – Calgary Real Estate
Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________
Buyers Fall In Love At First Site Or Not Er
Filed Under Buying, Calgary News Articles, Calgary Real Estate, Calgary Real Estate News, Contributors, Selling · Tagged: Calgary Real Estate, Calgary Real Estate News
Calgary Real Estate News
It was an easy decision. It was the implementation that took a long time.
“We wanted to move because we were tired of paying someone else’s mortgage,” says Jeniffer Nieskens as she walks through her brand-new condominium in Auburn Bay.
She and husband Jason were happily going through the final inspection of their Mosaic Montage townhouse built by Hawthorne Homes in the southeast community. Want to read more in depth on this article? Just click the link below.
Buyers Fall In Love At First Site… er, Sight – Calgary Real Estate
Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________
Calgary House Prices Down From A Year Ago
Filed Under Buying, Calgary News Articles, Calgary Real Estate, Calgary Real Estate News, Contributors, Selling · Tagged: Calgary Real Estate, Calgary Real Estate News
Calgary Real Estate News
CALGARY- A regular survey of repeat home sales in major markets across the country shows Calgary was the only one to experience a year-over-year price decline.
The Teranet-National Bank House Price Index, released Wednesday, indicate prices in Calgary fell by 3.3 per cent in March compared with March 2010. It was the sixth consecutive month of 12-month deflation in Calgary. Want to read more in depth on this article? Just click the link below.
Calgary House Price Down From A Year Ago – Calgary Real Estate
Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________
Armed With White Stetsons, Calgary Invades China
Filed Under Buying, Calgary News Articles, Calgary Real Estate, Calgary Real Estate News, Contributors, Selling · Tagged: Calgary Real Estate, Calgary Real Estate News
Calgary Real Estate News
There will be an estimated 150 million outbound Chinese tourists by 2015. Alberta is hoping a few hundred thousand of them will be inspired to take a look at some of Canada’s natural wonders.
Armed with a new Mandarin-language tourism website and dozens of white Stetsons to give away to business leaders, Calgary’s largest-ever trade delegation has just landed in Beijing for a week of selling its city to a Chinese audience. Want to read more in depth on this article? Just click the link below.
Armed With White Stetsons, Calgary Invades China – Calgary Real Estate
Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________
Top 10 Profitable Rental Property
Filed Under Buying, Calgary News Articles, Calgary Real Estate, Calgary Real Estate News, Contributors, Selling · Tagged: Calgary Real Estate, Calgary Real Estate News
Calgary Real Estate News
From the first decision to invest in real estate to actually buying your first rental property, there is a lot of work to be done. This task may be daunting for the first-time investor. Owning property is a tough business and the field is peppered with land mines that can obliterate your returns. Here we’ll take a look at the top 10 things you should consider when shopping for an income property.
Let’s take a look at the top 10 things you should consider when searching for the right rental property.
1. Neighborhoods
The quality of the neighborhood in which you buy will influence both the types of tenants you attract and how you face vacancies. For example, if you buy in a neighbourhood near a university, the chances are that your pool of potential tenants will mainly be made up of students and that you will face vacancies on a fairly regular basis ( during summer, when students tend to return a return back home)
2. Property Taxes
Property taxes are not standard across the board and, as an investor planning to make money from rent, you want to be aware of how much you will be losing to taxes. High property taxes may not always be a bad thing if the neighborhood is an excellent place for long-term tenants, but the two do not necessarily go hand in hand. The town’s assessment office will have all the tax information on file or you can talk to homeowners within the community.
3. Schools
Your tenants may have or be planning to have children, so they will need a place near a decent school. When you have found a good property near a school, you will want to check the quality of the school as this can affect the school, you will want to check the quality of the school as this affect the value of your investment. If the school has a poor reputation, prices will reflect your property’s poor value poorly. ALthough you will be mostly concerned about the about the monthly cash flow, the overall value of you property comes in to play when you eventually see it and retire someday.
4. Crime
No one wants to live next door to a hot spot for criminal activity. Go to the police or the public library for accurate crime statistics for various neighborhoods, rather than asking the homeowner who is hoping to sell the house to you. Items to look for are vandalism rates, serious crimes, petty crimes and recent activity (growth or slow down). You might also want to ask about the frequency of police presence in your neighbourhood.
5. Jobs
Locations with growing employment opportunities tend to attract more people – meaning more tenants. To find out how a particular area rates, go directly to Statistics Canada or to your local library. If you notice an announcement for a new major company moving to the area, you can rest assured that workers will flock to the area. However, this may cause house prices to react (either negatively or positively) depending on the corporation moving in. The fall back point here is that if you would like the new corporation in your backyard, your renters probably will too.
Wan to read more in depth on this article? Just click the link below.
Top 10 Profitable Rental Property – Calgary Real Estate
Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________
What Kind Of House Can You Get For $600,000 In Canada?
Filed Under Buying, Calgary News Articles, Calgary Real Estate, Calgary Real Estate News, Contributors, Selling · Tagged: Calgary Real Estate, Calgary Real Estate News
Calgary Real Estate News
A two-level with a four-car garage and an oceanfront view, or a 1,070-square-foot loft? Either British Columbia residence can be bought for $600,000, proving the adage that when it comes to real estate it’s all about location, location, location.
The house that $600,000 will buy from coast to coast is as variable as the weather. House prices depend not only on the property and residence, but on conditions in the local market and, obviously location. Want to read more in depth on this article? Just click the link below.
What King Of House Can You Get For $600,000 In Canada – Calgary Real Estate
Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________
Sense Of Confidence
Filed Under Buying, Calgary News Articles, Calgary Real Estate, Calgary Real Estate News, Contributors, Selling · Tagged: Calgary Real Estate, Calgary Real Estate News
Calgary Real Estate News
First-time buyers have re-entered metro Calgary’s resale housing market with a renewed sense of confidence, says a Re/Max report.
A good selection of properties listed for sale in all price ranges has kept home ownership well within reach for most people, says Elton Ash, regional executive vice-president of Re/Max of Western Canada. Want to read more in depth on this article? Just click the link below.
Sense Of Confidence – Calgary Real Estate
Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________
Alberta Experiences Second Highest Growth Rate In Average Weekly Earnings
Filed Under Buying, Calgary News Articles, Calgary Real Estate, Calgary Real Estate News, Contributors, Selling · Tagged: Calgary Real Estate, Calgary Real Estate News
Calgary Real Estate News
CALGARY – Alberta had the second highest annual growth rate in the country for average weekly earnings in March, according to Statistics Canada.
The federal agency reported Thursday that average weekly earnings of non_farm payroll employees in the province rose to $1,036.11 during the month, an increase of 0.5 per ent from February and 5.8 per cent from March 2010. Want to read mor in depth on this article? Just click the link below.
Alberta Experiences Second Highest Growth Rate In Average Weekly Earnings – Calgary Real Estate
Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________
Calgary Housing Starts To Increase In 2012
Filed Under Buying, Calgary News Articles, Calgary Real Estate, Calgary Real Estate News, Contributors, Selling · Tagged: Calgary Real Estate, Calgary Real Estate News
Calgary Real Estate News
CALGARY- After contracting this year, housng staters are forcast to bounce back in Calgary in 2012, says an Altus Group Housing Report
The report by the economic consulting firm says total starts in Calgary for 2011 are expected to be 8,200 in 2011, falling from the 9,300 experienced in 2010. The forecast for 2012 is 9,700 housing starts. Want to read more in depth on this article? Just click the link below.
Calgary Housing Starts To Increase In 2012 – Calgary Real Estate
Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________
