Market News: Record Year For Condo Sales
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
‘The swing in high-rise condominium sales versus single family is not just a temporary trend,” says Paul Golini Jr., chair of the Building Industry and Land Development Association (BILD).
BILD (using numbers from RealNet Canada) reported a 52.9% increase in high-rise sales in September over September 2010. A total of 2,652 condominium units were sold throughout the Greater Toronto Area that month, compared to 1,120 low-rise homes. “We’re trending towards a record-breaking year,” Mr. Golini says.
The first nine months of condo sales alone beat out most other years in their entirety, says Ben Myers, editor of market research firm Urbanation. Urbanation reported 20,964 new condo sales throughout the Toronto CMA by the end of September, which puts this year ahead of 2010. If sales stay on track, he adds, 2011 will well surpass 2007 too, previously the best year for the new-condo market. “It would have to be a terrible quarter to not break the record, and we’re predicting 5,000 to 6,000 sales in the fourth quarter — so we’ll get something around 26,000 sales for year end, which will beat the old record by over 3,000 sales,” Mr. Myers says. Want to read more in depth on this article? Just click the link below.
Market News: Record Year For Condo Sales – 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. ____________________________________________________
Buying A house? Buy A Batch!
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
Volatile stock markets and minuscule returns from fixed income have investors looking at global real estate. But rather than single-family residential property, the hot ticket these days is multiple-family dwellings.
At a luncheon for financial analysts with the Edmonton CFA Society, Eric Bonnor, senior vice-president with Brookfield Asset Management in Toronto, quoted from the publication Emerging Trends in Real Estate 2012, a survey of 950 real estate executives by the accounting firm PricewaterhouseCoopers and the Urban Land Institute.
“Canadian real estate remains the most stable in North America,” Bonner said. “Canadian investors fed up with disappointing stocks and lowyielding bonds sit on lots of funds, looking for long-term, cash-flowing assets like real estate, and are having trouble placing the funds that they have.”
The booklet lists Toronto and Vancouver as the most attractive realestate markets in Canada, being 24-hour destination points for businessmen and other visitors. Calgary is rated third and Edmonton fourth. Want to read more in depth on this article? Just click the link below.
Buying A house? Buy A Batch! – 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. ____________________________________________________
Housing Sales, Prices To Increase, Experts Say
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
Dismissing a recent spike in national unemployment as “temporary,” the chief economist of the Canada Mortgage and Housing Corp. said national economic fundamentals would remain positive in 2012, supporting a modest growth in home resales and prices nationally.
“We think it (the rise in unemployment) is a temporary factor and the trend will be of employment continuing to rise,” said CMHC chief economist Bob Dugan Tuesday while presenting the Crown corporation’s 2012 housing outlook.
The CMHC expects employment levels to continue to support a strong housing market, as will mortgage rates remaining at current low levels. Income growth is expected to remain slow in 2011 and 2012, yet it to will be “moderately supportive of housing,” the report says.
The CMHC says while single-unit housing starts “rebounded coming out of the recession,” and increased in the third quarter of this year, they’re expected to hit 82,200 in 2011, well below the 92,554 starts in 2010, and to slow further before rising again late in 2012. Want to read more in depth on this article? Just click the link below.
Housing Sales, Prices To Increase, Experts Say – 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. ____________________________________________________
Read Your Mortgage Contract, The Details Could Cost You
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
You just made the largest purchase of your life based on borrowing more than you ever have before. Are you really going to bother reading that 25-page contract with all the rules on your mortgage?
The answer is usually no. The truth is you should.
The ambiguity in mortgage contracts has landed more than one consumer in trouble they didn’t anticipate and now it has spawned a class action lawsuit against one of Canada’s largest banks.
Kieran Bridge, a Vancouver-based lawyer with the Construction Law Group, has filed a lawsuit against Canadian Imperial Bank of Commerce over what he describes as vague language over early payment of mortgages. The suit was filed in British Columbia and Ontario this month. Want to read more in depth on this article? Just click the link below.
Read Your Mortgage Contract, The Details Could Cost You – Calgary Real Estate News
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. ____________________________________________________
Housing Costs, Plunging Incomes Make Managing Personal Finance Difficult For Young Adults
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
Maybe you should just skip young adulthood – it could be the worst time of your financial life.
Canada’s 20-to-35-year-olds are in crisis, reeling from a uniquely vicious financial assault, new studies show.
They’re staggering under debts, and fighting to get a toehold in increasingly expensive housing markets while watching their household incomes shrink.
The Human Early Learning Partnership at the University of B.C. calls the latest crop of young adults “Generation Squeeze,” reflecting the pressures that mount as their living standard slumps.
“There is a silent generational crisis occurring in homes across Canada,” the partnership said in a recent study. “We are talking about a massive social and economic change – one akin to a silent but no less damaging earthquake in our environment.” Want to read more in depth on this article? Just click the link below.
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. ____________________________________________________
Get The Best Deal From Your Home Builders
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
Real estate transactions are not your ordinary day to day business transactions of buying bread and sugar. They are very complex and you need to negotiate on many levels so that you get the best deal.
It is even more difficult when you have to negotiate the purchase price with home builders and developers. You will find that it is difficult because most developers and builders often claim that the home prices are based on fixed construction costs. All deals are reachable as long as you know how to negotiate properly. Niceville home builders are very experienced so you need to know how to negotiate with them so that you select the right contractors.
There is more to negotiation that just price. For example, you can negotiate on who will pay for home inspection or when the loan closing will take place. You should be aware that everything is negotiable and it depends upon you how much you can negotiate. Let us just look at a few tips to negotiate with Niceville home builders and developers for the best deal. Want to read more in depth on this article? Just click the link below.
Get The Best Deal From Your Home Builders – 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. ____________________________________________________
Jean Chrétien Recalls How Canada Almost Became Greece
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
As Canada’s former prime minister puts it in an interview with Reuters, “there would have been a day when we would have been the Greece today.”
The news agency takes an in-depth look today at how Canada attacked its own debt troubles in the mid-1990s, with interviews with officials of the day, eventually bringing its debt-to-GDP ratio to 29 per cent by 2008-2009 from its high of 68 per cent in the 1990s.
There are some great moments retold in this piece, and some choice quotes from former prime minister Jean Chrétien and others from his time in office, when the Liberals decided they had to tackle the problem, no matter the cost. Among them:
“We used to thank God that Italy was there because we were the second-worst in the G7.” Scott Clark, associate deputy finance minister at the time. Want to read more in depth on this article? Just click the link below.
Jean Chrétien Recalls How Canada Almost Became Greece – 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’s Housing Market Expected To Take Off In 2013
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 Canadian real estate expert says the best way to predict housing sales and price gains is to track population and job growth numbers.
Don Campbell with the Canadian Real Estate Investment Network tells 660News, Calgary leads the country in those two categories which usually produces a bit of a housing boom 18 months later.
Campbell says, actually, between now and 2016, Calgary and Edmonton will become the country’s real estate hotbeds.
He predicts house prices in Alberta’s two biggest cities will rise by 5 to 7 per cent in 2012, and post gains of 7 to 10 per cent in 2013. Want to read more in depth on this article? Just click the link below.
Calgary’s Housing Market Expected To Take Off In 2013 – 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 Housing Market To Experience Upswing
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
Some good news for Alberta’s resale housing market.
A recent report by RBC Economics shows good price growth as well as sales growth in the province next year.
The housing market analysis says sales in Alberta will grow by 7.8 per cent this year to 53,600 units and increase by a further 6.7 per cent in 2012 to 57,200 transactions.
The average price for a detached bungalow will hit $340,700 this year, up 0.5 per cent from last year, and increase by 3.5 per cent in 2012 to $353,500.
While these numbers are positive, it’s also important to keep in mind where they were at the height of the housing boom in 2007. Sales that year in the province were 71,000 with the average price for a detached bungalow at $376,400. Want to read more in depth on this article? Just click the link below.
Alberta Housing Market To Experience Upswing – 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. ____________________________________________________
Condo For The Studios Kid?
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
Summer is drawing to a close and if the student in your household is studying in Toronto, they may be moving back into residences or private rental accommodation.
However, some parents are choosing to buy a place for their offspring, and perhaps some friends, to live in for the duration of their studies. While it may sound like a great investment, your financial planner will be getting you to ask some tough questions.
Ask yourself: “Can we afford it?” says Carol Bezaire, vice-president, tax and estate planning at MacKenzie Financial in Toronto, who reccomends planning ahead by asking: “‘What are we going to do with this property if our child doesn’t go to school or drops out?’ Down the road if the child decides they want to stay in the place, ‘What kind of arrangement with the child are we going to have?’”
Condo For The Studios Kid? – 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. ____________________________________________________
