Our Mortgage Rates
Today’s Super Low Rate5 YR-FIXED 2.24 For more information call: 403-444-9199 Terms and conditions apply.
Mortgages processed by Calgary Mortgage.
Your Calgary Home
Looking for a bargain?Check out our Calgary Foreclosures
Daily Listings Updates!Sign up for Daily Listings
Majority of Calgary Realtors have a way of detecting undervalued properties as soon as they hit the MLS »»
- To Flip or Not To Flip (1)
- Leslie Brlec: Great blog. Thanks for all the great information.
- Thinking of buying income property? Here’s what you should consider (1)
- Andrew Somerville: Thank you for writing this article. It is very informative. Calgary seems to rival Guelph Ontario...
- Impact of Falling Oil Prices on Calgary Real Estate Market (1)
- Jialon: not long after you published this article, oil price dropped around $40, but now, i honestly feel optimistic...
- Rent to Own Becoming more Popular (1)
- Jack: I do believe rent to own is a great option especially for those not able to afford a big down payment, so their...
- Canadians Be Careful When Buying US Houses (29)
- Mary Funiga: I am a Canadian whom last October purchased a home in Phoenix , AZ for close to $135,000. I have done...
- To Flip or Not To Flip (1)
Entries Tagged as 'Calgary Real Estate News' for 2011
Canadian Dollars by Carissa Rogers The Canadian housing market is likely to slow down. Home prices will probably drop by 5 per cent in the first half of 2012 as a result of a weakening economy, said economists at Bank …(Bank of America: Canadian Housing Overvalued! continued…)
Mortgage Rates in Alberta in The Last Week of 2011 The lowest fixed mortgage rate for one year has slightly increased. Other rates remained stable. According to figures released by the Canadian Mortgage and Housing Corporation, growth in Canada’s mortgage …(Mortgage Rates – The Last Week of 2011 continued…)
327 Madeira Close NE One of the few 2 storey properties in Marlborough Park on sale! This home is located near Marlborough Park, schools and the TransCanada Shopping Centre. With three bedrooms, two bathrooms and total floor space nearing 1,500 …(Investment Tip Of The Week – 327 Madeira Close NE continued…)
Rich and Poor Serving Inequality by epSos.de We have recently written about increasing income inequality in Canada. This trend isn’t unique for Canada, as 71 per cent of the world’s population live in countries where income inequality has been increasing …(Increasing Income Inequality: Side-Effect of Fight against Crises? continued…)
Continued low interest rates will offset weakening global economic growth in 2012 and will help Canada’s economy to avoid recession, according to a CIBC World Markets report. In 2012, the global economy is expected to grow by just 3 per …(Mortgage Rates – 50th Week of 2011 continued…)
Subprime Crisis Gone Mad by Rennett Stowe Robert Avery and Kenneth Brevoort investigated the role of Community Reinvestment Act (CRA) and Government-Sponsored Enterprise (GSE) in subprime crisis trying to answer the question, Is Government Housing Policy to Blame?. They examined …(Did the US Government Cause the Subprime Crisis? continued…)
Calgary by abdallahh The media has recently informed us that Canadians are raising their household debt (by 6 per cent in the second quarter of 2011), and economists as well as the national central bank are getting concerned about families’ …(Household Debt in Canada: Increasing, But Not So Worrying continued…)
For the month of November 2011, Calgary real estate sales were up year over year while month to month sales remained steady. Compared to November 2010, the number of single family homes sold went up by 7.3% and condo sales …(Calgary Real Estate Market In November continued…)
Calgary Houses by D’Arcy Norman Calgarians have no reason to be afraid when they read statistics and predictions about their economy. It was called a “hot growth mecca” by a report in Emerging Trends in Real Estate 2012, it has …(Calgary: Own Housing Bubble or Bright Prospects? continued…)
Calgary D McKenzie Towne This is an ideal property for potential first-time buyers who are tired of renting, or for small investors who have spare thousands and don’t want to dive into something big. The listing price is only $154,900.
King of the Jungle by Shirl The idea that the world is controlled by a small group of powerful corporations isn’t new. It has been a popular inspiration for sci-fi authors like Peter Hamilton, a well-discussed topic in conspiracy forums, …(Who Rules the World? continued…)
Alberta from the Air by Mark Canada, as a net exporter of energy and the world’s sixth largest energy producer, plays an important role in the global market. Although its biggest trading partner is traditionally the U.S., it has taken …(Canada’s Natural Resources – Energy continued…)
Mortage by Debomb1 With the housing bubble crash in 2008, foreclosures (processes through which an owner’s right to a property is transferred into the hands of the lender after the owner stops paying back the mortgage) have become well-discussed, and …(Facing and Buying Foreclosures in Canada continued…)
Petro Canada Rafinery by Darren Kirby Although mining has been conducted in Canada since the seventeenth century, the remarkably rapid development of the industry started at the end of World War I. Petroleum was found in the Midwest, iron ore deposits …(Canada’s Natural Resources – Minerals and Metals continued…)
Investment apartment property Small apartment buildings are probably the most suitable investment properties for small-scale investors or rookies. The do not require large initial capital, and operation costs are affordable as well. You just have to keep a tight grip …(Investment Tip Of The Week – Apartment Building For Sale continued…)
Flags by Torrey Wiley PriceWaterHouseCoopers and the Urban Land Institute surveyed over 950 industry experts from Canada, the United States, and Latin America providing an outlook on real estate investment and development trends in these areas. Their report, Emerging Trends …(Canada’s Market Most Stable in North America continued…)
Golden Forest by Ian Muttoo Natural resources (including forests, minerals and metals, and energy) have been a driver of Canada’s economy and job creation for generations. According to Natural Resources Canada, in 2009, natural resources produced 11 per cent of …(Canada’s Natural Resources – Forests continued…)
In October 2011, Calgary Realtors reported 1,357 sales, up 14 per cent from October 2010. Year-to-date sales, at 16,191, were up eight per cent compared to the first ten months of 2010. The average price for October single family home …(Calgary Real Estate Market Report October 2011 continued…)
Exterior Front This 1954 bungalow offers a great opportunity to establish your own dream house while living close to the city core. It offers three bedrooms, a living and dining room, and an oversized single garage. The total living space …(Investment Tip Of The Week – 1212 24 Street NW continued…)
Shanghai Expo Canada Pavilion by Tom Mascardo According to Heritage, Chinese state-owned companies have made 103 international investments larger than $100 million in the past six years. They also made many smaller investments and huge infrastructural projects. Chinese investors couldn’t …(Chinese (Economic) Myths and Reality continued…)
The Wharton School by Wikimedia commons When Fernando Ferreira and Joseph Gyourko, professors of The Wharton School, University of Pennsylvania, published Anatomy of the Beginnings of the Housing Boom: U.S. Neighbourhoods and Metropolitan Areas, 1993-2009, they joined a long line …(Searching for Housing Bubble Causes: When Did It Really Begin? continued…)
PIIGS countries are trying to reduce their debt by taking unpopular austernity measures. The turmoil isn’t only in financial markets but also on Europe’s streets. And while politicians consider market tensions a serious problem that has to be solved, Europe’s …(Europe Today: Background of Political Measures vs. Angry Public continued…)
Lot I have already introduced you to the most expensive house in Calgary. However, if you would like to boast the most expensive house in the whole of Alberta, you need to head north — to Edmonton.
23 Harvest Park Exterior Hurry: you only until the afternoon of November 4th! Grow ops often represent a great investment opportunity for investors with some trade skills. The advantage of 23 Harvest Park is that half of the job is …(Investment Tip Of The Week – 23 Harvest Park WY NE continued…)
Exterior Front Foreclosed homes are often a good target for property investors, and 131 Ranchero Place in Ranchlands is no exception. For $340,000, you can get a very nice, 1979, two-storey house located on a quiet cul-de-sac. Well positioned, south-facing, …(Investment Tip Of The Week – 131 Ranchero Place NW continued…)
Bank Towers by Don Toye Although Canada can be proud of its healthy banking system and development in the business sector, it is still a country with close ties to the international markets. And if the global economy is in …(Canada’s Economic Outlook: Slowdown Unavoidable continued…)
Spain: Oversupply, Falling Prices, and Illegal Homes Spain Prices of Housing per m2 The housing market in Spain is devastated. At the beginning of the 2000s, Spaniards enjoyed a great improvement in the housing market both in the sense of …(Housing Markets in PIIGS: Spain continued…)
OurFaves.ca logo Yes, it’s true: our favourite Calgary Broker, REALTOR® is now on OurFaves.ca, one of the fastest-growing business review sites in the country. Check us out there, and let us know how we’re doing. If you already have a …(David Tsegai And CalgaryRealEstate.ca Are Now On OurFaves.ca! continued…)
Canada Day Celebrations by Victor Magdic Canada, as one of the world’s wealthiest nations, member of G8 and important exporter is considered an influential and strong country. However, while the United States and Europe are struggling with high debt and …(Canada’s Tops – Best for Business, Best Banking and More continued…)
Greece’s government debt as a percentage of GDP is the second highest in the world and the highest in Europe. Greece was well known as the first area in Europe where advanced early civilizations emerged, where most western philosophical and …(The Housing Market in Greece: Desperate Hope continued…)
68 Pantego Heights NW Front This is an excellent opportunity for a brave investor. This 2007, two-storey, detached house is a former grow-op. It has been remediated as to air quality but still needs to be re-constructed with areas of …(Investment Tip Of The Week – 68 Pantego Heights NW continued…)
Irish economy experienced sharp declines. The Irish went from being abnormally poor to being abnormally rich. They didn’t accept any signs of an overheating economy, and prices were growing sharply. And then they reached the ceiling; the property bubble boomed …(Ireland: The Rise and Fall of the Celtic Tiger continued…)
Money is neither my god nor my devil. It is a form of energy that tends to make us more of who we already are, whether it’s greedy or loving. (Dan Millman) Birdfeed by Hobvias Sudoneighm We can’t imagine a …(History of Money: Yesterday, Today and Tomorrow continued…)
Portugal’s economy is now very weak and it probably won’t recover soon. The financial crisis caused serious problems all around the world. The term the US crisis is heard in media as much as the term Europe debt crisis. Economists …(Portugal: Rent Control, Rising Deficit, and Unpopular Measures continued…)
320 Evanston View NW Searching for three bedrooms, two bathrooms, and 1,830 square feet of space for less than $370,000? Look no further! This two-storey, detached 2005 house in the pleasant neighbourhood of Evanston (NW) is for sale with a …(Investment Tip Of The Week — 320 Evanston View NW continued…)
Canada is no more in the top 10 most competitive countries in the world. Canada fell from tenth to twelfth place in the list of most competitive economies in the world, according to the Global Competitiveness Report 2011-12 released by …(Canada’s Competitiveness Grew But Not Enough continued…)
The recession caused that Canadians’ medium market income dropped The report released by Statistics Canada showed that the median market income fell in 2009, resulting in the first significant drop since the early 1990s. However, it was compensated for by …(Canadians’ Market Income Dropped, Inequality Increased in 2009 continued…)
The current debt percentage isn’t much higher than it was in the beggining of 2000s, but combined with weak economy it is a serious problem Italy was called the Sick Man of Europe (taking the title from Portugal) because its …(Italy: Too Big to Fail, Too Big to Bail continued…)
The RBC Housing Affordability Measures show the proportion of median pre-tax household income that would be required to service all the ownership costs. According to RBC’s latest report, Housing Trends and Affordability, Alberta is the most affordable province in Canada …(Alberta’s Housing Affordability Best in the Country continued…)
100 PANAMOUNT Manor NW Here’s another great property investment option under $400,000 in North West Calgary. This 2006, three-storey, detached family house is a blank sheet of paper, with 1,840 square feet ready to accept any personality you bring. It’s …(Investment Tip Of The Week – 100 Panamount Manor continued…)
July 4th Celebration in Fort Collins Colorado by Melvin Schlubman Canadians are the largest non-American buyers of US real estate today. Low prices make US property very attractive, but Canadians should be aware of all the complications resulting from purchasing …(Canadians Be Careful When Buying US Houses continued…)
113 Marthas Haven Green NE This lovely detached two-storey home has an exceptionally private setting in Martindale. It’s a former show home, built in 2000. Its floor space of more than 1800 square feet offers a total of five bedrooms …(Investment Tip Of The Week – 113 Martha’s Haven Green NE continued…)
Calgary by Kevin Saff Calgary’s latest housing statistics aren’t much cause for joy. Calgary is the only city in the country that posted a year-over-year house price decline in a national survey of repeat home sales in six major urban …(Prospects of the Housing Market in Alberta and Calgary continued…)
Reflections of Canada by Dennis Jarvis While the United States is fighting with extremely high debt and a downgraded rating and while the European Union is considering major changes in its financial system due to progressive debt crisis in the …(Canada Today: Safe Haven or Another Economy in Danger? continued…)
Business in Calgary September 2011 Cover The editors of Business in Calgary, a monthly publication that aims to provide us with smart articles from and about businesswomen and businessmen in Calgary didn’t forget about one of the most important parts …(Calgary Realtor David Tsegai Featured in Business in Calgary continued…)
28 Radcliffe Bay SE Diamonds have to be dug out from the ground, and that’s also the case with this 1978 Bungalow. While it just looks ordinary at first sight, the experienced eye of a property investor would see it …(Investment Tip Of The Week – 28 Radcliffe Bay SE continued…)
Rent Sign by Chaleston’s TheDigitel Usually, when a financial crisis occurs, the housing market has great potential for economic recovery. People need new houses as they move for work, marry, have children, et cetera. Demand for houses supports new construction …(Housing in the US: Not Rising From the Ashes continued…)
Calgary by FaceMePLS For the third consecutive months, the year over year monthly sales has increased by double digits. The single family market in the city of Calgary recorded 1,086 sales in the month of August 2011, which is 25 …(Calgary Real Estate Report August 2011 continued…)
Money Scales by TaxBrackets.org Although reverse mortgages might seem controversial, they’re becoming more and more popular in Canada, providing older Canadians with greater financial security. They’re different than traditional mortgages in several ways, and as everything new and different, they …(Reverse Mortgages Are Becoming Popular continued…)
Exterior Front Would you like to fulfill your dream about the ultimate home? No problem; you just need to set aside $12,000,000, and the most expensive home in Calgary can be yours — 44 Aspen Ridge Heights SW French Country …(The Most Expensive House in Calgary continued…)
Silvio Berlusconi by European Peoples Party The financial crisis in Europe has put the Euro in serious danger. While the situation in Portugal and Ireland has improved, Greece, Spain, and Italy are now the most threatened countries. According to most …(Crisis Here, Crisis There… – Europe’s Story Continues continued…)
Nearly half of boomers said they don’t have their mortgage paid off. Almost 50 per cent of Canada’s Baby Boomers are still paying their mortgage, says a poll from the Canadian Imperial Bank of Commerce (CIBC) conducted by Harris-Decima. The …(Baby Boomers In Debt continued…)
5832 Dalridge Hill NW This spacious (1395 sqft) detached bi-level in a calm family neighbourhood is priced to sell! For $389,900 you get four bedrooms, living room, dining room and recreational room, one 5-pc bath, one 2-pc bath and two …(Investment Tip Of The Week – 5832 Dalridge Hill NW continued…)
European Flag by Rock Cohen Europe has to face problems as serious as the US. The recovery has been postponed, stocks fluctuate, and the phrase “return of the recession” is more and more frequently heard. Where did it begin, and …(Crisis Here, Crisis There… – The Story in Europe continued…)
Businessmen by Allen Sima The US may lose its AAA rating! This warning has brought a new sense of panic into the financial market. Why is the decision of one firm, a rating agency, so important? Do we need such …(The Power of Rating Agencies continued…)
NYSE by Brian Glanz It may seem that economists across the world love tragedies. Their commentaries are full of dire predictions about Europe, Canada, the US, and the world at large. Almost no one predicted the US recession before it …(Crisis Here, Crisis There… – The US Story continued…)
10 Somerset Court SW If you are looking for an ideal family home in Calgary Southwest, than look no further. 10 Somerset Court is located in a quiet cul-de-sac, has a large yard backing onto the greenbelt and it takes …(Investment Tip Of The Week – 10 Somerset Court SW continued…)
Calgary in the Air by Dhinakaran Gajavarathan Although analysts are skeptical about Canada’s housing market, most agree that Calgary’s prospects aren’t unfavourable. The Calgary area, spanning 726.5 square kilometres, is ideally located, and the well developed energy sector provides many …(What’s New in Calgary Real Estate Market continued…)
4627 Marlborough Drive Exterior This is another Investment Tip Of The Week, where price/floorspace plays significant role! This detached single family bungalow in Marlborough Drive has four bedroom, living room and den, and spacious kitchen with dining room, which result …(Investment Tip Of The Week – 4627 Marlborough Drive NE continued…)
Clearing by Payton Chung The condominium boom is a part of the Canadian real estate sector that has supported the recovery of the national economy. The condo supply is still growing and pessimists warn that nothing can last forever. Why …(How Long Can the Condo Boom Last? continued…)
Calgary By Danny Nicholson The single family market recorded 1,153 sales in the month of July 2011. This is an increase of 26 per cent when compared to July 2010 when 915 single family homes sold in the city of …(Calgary Real Estate Report July 2011 continued…)
Bankrupt Culture by Brent Payne “It is good that most people don’t understand our banking and financial system. For if they did there would be a revolution by morning.” Henry Ford There is only one topic on financial markets: the …(US Debt – What? Why? And What If…? continued…)
Resistant Bubbles by Gerwin Sturm According to Capital Economics, the Canadian Housing Bubble is now close to bursting as house prices have lost touch with fundamentals. They predict a 25 per cent decrease of house prices. Others, like Dan Sumner, …(Canadian Housing Bubble About to Burst? continued…)
27 Castleridge Drive Front This three bedroom property is the best buy on Calgary MLS, at the moment. Great handyman special that has no condo fees and has huge upside potential. Priced thousands less than other single family homes in …(Investment Tip Of The Week – 27 Castleridge Drive continued…)
Calendar by Stephen Korecky Did you know that you can take out a mortgage for periods longer than 30 years? That’s right, there is the option of so-called extended amortization with which you can spread your mortgage out across as …(Extended Amortization for the Win continued…)
Ten days of Calgary Stampede and One Year of Great Memories Calgary Stampede Parade 2011 by Anna Webber “We’re reasonably happy with how things have gone,” said chief veterinarian Greg Evans. And he isn’t the only one. 1,174,697 visitors, …(Look Back: Calgary Stampede 2011 continued…)
3401 5 Street NE This week’s investment tip offers 4 in 1 property. Well maintained quality Side by Side duplex in a great location of Winston Heights/Mountview – a superb investment property which is probably the lowest priced 4 suites …(Investment Tip Of The Week – 3401 5 Street NE continued…)
I am introducing a new neighbourhood in the Calgary Neighbourhoods Guide. Western style Hanson Ranch Neighbourhood was established 1999 and offers mainly single-family detached homes.
House in the Bubble by Dharmesh Patel In recent months, the term housing bubble has been noticed in several news articles, economic commentaries, and magazines. The question on everyone’s mind is whether the Canadian housing bubble is collapsing. But what …(Introduction to Housing Bubble Problem continued…)
Consumers paid less only for shelters Canada’s consumer prices rose by 3.7 per cent in the 12 months leading up to May. This increase was well above all 24 forecasts in a Bloomberg survey of economists and far above the …(Analysis on Current Canadian Inflation continued…)
Internet Sign by radioedit Since the World Wide Web was created in 1989, the Internet has been changing our lives and the whole of society. We’ve given our age several names: the Information Age, the Computer Age, the Digital Age… …(The Internet – Useful Tool for Homebuyers continued…)
118 – 20 Dover Point SE – Exterior Front Great investment with very little capital needed. Average 2 bedroom rent in Dover is about $1,000.00 per month. Total monthly expense on this 2 bedroom condo is $781.46 including interest payment …(Investment Tip Of The Week – 118 – 20 Dover Point SE continued…)
Annual Inflation across Provinces in May 2011 Canada’s provinces and territories make up the second largest country in size, smaller only than Russia. Canada has a very large and diverse range of geographic features, so living conditions vary greatly from …(Economies of Canadian Provinces continued…)
Staging a Home for Sale: Seller’s Remarks and Wishes Home after staging by Real Estaging If you’re a home seller, you want to get the best deal on your property. Who wouldn’t? But when you perform all the necessary maintenance …(Staging Services: Wishes continued…)
Calgary Donwntown by abdallahh Calgary’s housing market continues at a healthy and balanced pace. The number of single family homes and condos sold in June 2011 were both up 30% from the same time a year ago. Sales were also …(Calgary Real Estate Report June 2011 continued…)
Calgary Stampede Logo “The Greatest Outdoor Show on Earth” traditionally attracts more than a million guests, but this year two of them will be special. Calgarians are happy to welcome Prince William and his new bride, Kate. But the Royal …(The Calgary Stampede is Here! continued…)
Photo by Rodrigo Amorim A financial system can’t work without banks. We use bank services every day, and probably we can’t imagine life without them. However, banks don’t mean only credit cards, bank accounts, and loans. They play a significant …(Analysis on Canadian Banking continued…)
Megaphone by mikael altemark Calgary Real Estate is a specialized real estate agency in Calgary, Alberta. Since our inception, we have been helping Calgary home buyers and home sellers to trade their properties in our dynamic city. Calgary Real Estate …(Calgary Real Estate Open to Clients continued…)
107 Shawbrooke Crescent SW Exterior Front This 1993 detached house is a great bargain for a family seeking a house with everything a dream house should have, but for a reasonable price.
Alberta Calgary by Steph Adam Kahtava Alberta is a dynamic province with wonderful potential. The city of Calgary is booming and it is fulfilling its role as an economic hub in the area. Even the recent building permit statistics are …(New Construction in Alberta: Keeping the City Up to Date continued…)
Taxes on Income and Profits OECD 2008 We pay taxes everyday — when we’re eating in restaurants, when we’re shopping, and even when we’re travelling. But how often do we stop and think about the real reasons we pay taxes? …(Analysis on Canadian Taxation: Too Complex? continued…)
US Housing Starts 1959 - 2011 After Harvard University released its annual State of the Nation’s Housing Report, economists sparked hot discussions about the future of the US economy and housing market. Some of them believe that the housing market …(Will the Housing Market Drive the US Economy? continued…)
6750 BOW Crescent NW Our weekly investment tip property lies in one of the most beautiful areas of Calgary — a beautiful large lot backing right onto the Bow River. This existing property was formerly a grow-op and is mostly …(Investment Tip Of The Week – 6750 BOW Crescent NW continued…)
Canadian Import – Imports reached their top in the first quarter of 2011. International trade is one of the hot industries of this age. We recently analyzed its first component, exportation and now we will look at its second …(Analysis on Canadian Import continued…)
Canada & US GDP Growth Rate Canada and the United States have enjoyed a friendly and cooperative spirit for over two centuries. The relationship between the two countries is the closest and most extensive in the world. About 300,000 people …(Canada – US Trade Relations: Still Stark continued…)
660 Malvern Drive NE After the impressive property in Aspen Ridge, we will now focus on the opposite market segment. 660 Malvern Drive NE in Marlborough Park is a great starter property for its price — which beats renting.
Photo by Jeff Turner Harvard University’s Joint Centre for Housing Studies released its annual State of the Nation’s Housing Report showing that the housing market hasn’t played its expected role in the economic recovery.
Canadian Export 1990 – 2010 Economists say that exportation is one of the most important macroeconomic factors in Canada. In 2009, exportation accounted for approximately 30% of Canada’s GDP. But what does this mean for the common Canadian? What is …(Analysis on Export in Canada continued…)
110 Aspen Ridge PL SW This part of our Calgary real estate Investment Tip series aims toward investors with higher available capital. We introduce to you a one-of-a-kind luxury West Coast estate in the Estate Community of Aspen Heights. This …(Investment Tip Of The Week – 110 Aspen Ridge PL SW continued…)
Photo by Nat McBride Lockwood The most popular indicators of labour market conditions are rates measuring unemployment and employment. These expressions are repeatedly used in every type of economic media, but the common reader usually doesn’t know what exactly they …(Analysis on (Un)Employment in Canada continued…)
Elections by Dennis S Hurd May is over and we bring an overview of the most important events that happened over the last thirty one days. Canada — Federal Elections The most important event in May was undoubtedly the 40th …(May’s Highlights continued…)
17 Sherwood View NW Are you ready to accept a stigmatized property? All the previous investment properties we introduced in our series were ready to go. This house on 17 Sherwood View NW is a bit special, though. It requires …(Investment Tip Of The Week – 17 Sherwood View NW continued…)
Photo by Kiki Hood An interest rate is the rate that is charged or paid for the use of money. Interest rates are usually expressed as a percentage of the principal over the period of one year. There are two …(Analysis on Canadian Interest Rates continued…)
Unemployment Rate in 2004 – low before elections in June At the beginning of this month, Statistics Canada announced an unexpected unemployment decline. Economists’ comments were optimistic, claiming that the growth indicates that the Canadian recovery is moving forward.
Alberta Wild Fires by Cameron Strandberg Fires around Slave Lake threaten not only Alberta’s environment but also its economy. Oil companies cut their operations Monday, and on Tuesday, a few more companies followed suit.
Victorian House by Neil Kremer Sales activity decreased by 14.7% from April 2010, and the national average home price was $372,544 in April 2011 — a year-to-year growth of 8% — according to the new release of the Canadian Real …(National Home Sales Up and Home Prices Down in April continued…)
GDP Growth in Canada by Province RBC expects Alberta’s GDP to grow by 3.8% in 2012, following Saskatchewan’s growth of 4.3%. After Statistics Canada revised its preliminary real GDP estimates for 2010 because initial estimates “applied incorrect weights in compiling …(Alberta’s GDP Growth to be the Second Highest in 2012 continued…)
Photo by Mark Rutter According to the forecast released by Canadian Real Estate Association (CREA), Alberta’s MLS sales will grow the most in the country next year. National sales were expected to decrease by 1.6% in 2011, but after stronger …(Alberta’s MLS Sales Growth Expected to Rocket in 2012 continued…)
Panorama West Building A Living Room Since all our previous real estate investment tips of the week were about houses, it’s high time to offer something for condo lovers: Cardel Lifestyles Panorama West Condominiums, one of the hottest picks in …(Investment Tip Of The Week – Cardel Lifestyles Panorama West Condos continued…)
Photo by Lars Christopher Nøttaasen GasBuddy.com predicted that gas prices will reach $1.40 per litre this summer — the highest level since the summer of 2008. How will it affect our living? Gas prices higher than in 2008 The gas …(High Gas Prices Expected continued…)
Employment Rate in Alberta According to a Statistics Canada release, Alberta’s employment statistics indicate a modest weakening of the labour market, but in Calgary both employment and unemployment rate show favourable numbers.
Photo by Shutter Runner Housing starts in Canada have declined in April 2011. The seasonally adjusted annual rate of housing starts calculated by the Canada Mortgage and Housing Corporation (CMHC) was 179,000 units, 5,700 units less than in March.
Photo by Dalibor Levíček Canada’s gain of 58,000 new jobs in April surpassed all expectations. The unemployment rate dropped by 0.1% to 7.6%, according to a new Statistics Canada release. Economists claim that the Bank of Canada will raise interest …(Canada’s Employment Better Than Expected continued…)
Photo by o5com The Alberta government advises potential condo buyers to read early planning agreements thoroughly before signing and handing over non-refundable deposits. The province has received complaints from homebuyers who signed the agreements, paying up to $1,000 to reserve …(Early Planning Agreements: Read Them Well! continued…)
Oil Field by Mayhem Chaos Industrial products and the raw materials used to manufacture these products grew more than expected in March. The main reason for the growth was high petroleum prices, according to Statistics Canada. As the production in …(Higher Producer Prices: Oil to Blame continued…)
Huge Gold Loonie by Greg Nehring According to a BMO Tax Season Study, the majority of Canadians are looking for a more simplified tax system that reduces capital gains and adds more tax incentives for home ownership or renovations. Approximately …(Canadian Tax System Too Complex continued…)
Photo by Dave Curlee, New Media Producer According to a report released by RealNet Canada Inc., Calgary commercial real estate investment remains down from its last peak and shows only modest growth in the first quarter of 2011. The total …(Investment in Calgary Commercial Real Estate Grows Modestly continued…)
Photo by Dennis Jarvis Calgary has benefitted from international energy investment from its early days. Today, the energy sector plays the most important role in Calgary’s thriving economy and influences various economic sectors.
Calgary skyline by James Bremner The real estate market in Calgary is moderating after a period of strong growth. The first three months of 2011 have been exceptionally strong with record high sales, but a balancing period followed, with lower …(Calgary Real Estate Report April 2011 continued…)
Photo by Colin May All ‘AA’ through ‘C’ class office space categories showed positive momentum in the first quarter of 2011. The Calgary downtown office market occupancy achieved higher levels than during the height of the real estate market in …(Office Market Occupied at Levels Above 2008 continued…)
Photo by ambert Canadian families paid more on taxes than on food, clothing, and shelter combined in 2010, reports a new study released by the Fraser Institute, Canada’s leading public policy think-tank. “Taxes have grown over the past 49 years …(Canadians Spend 41% of Annual Income on Taxes continued…)
246 Panatella GR NW Get a million-dollar house for under a million! This gorgeous Arcuri built, custom, detached single-family house offers close to 2900 square feet of floor, which translates into 3+1 bedrooms, 3 full and one ensuite bathrooms, and …(Investment Tip of the Week: 246 Panatella GR NW continued…)
Photo by jacob earl Let’s look at how Canada’s economy is developing in its main components. Gross domestic product The latest data about the Canadian GDP is from January 2011, when the real gross domestic product continued to expand, rising …(Canadian Main Economic Stats up to March 2011 continued…)
Photo by Jerry & Gloria Reimer Strong currency affects exporters, causing losses in competitiveness on international markets. The Canadian dollar hit a 3.5-year high recently, as the market reacted to concerns about higher inflation and about the long-term effectivity of …(Export Suffering by Strong Canadian Dollar continued…)
Calgary Aiport by FlyingLemming New home prices in Calgary may grow by about $8,000 because of an agreement between the city and developers that would make developers carry more of the cost of building new suburbs.
Two Dollar Bill by Hot Meteor The predecessor of the Canadian dollar was the Canadian pound, equal to 4 US dollars and 92.88 grains gold. The Canadian pound was worth 16 shillings 5.3 pence sterling. In 1853, an act of …(Canadian Dollar in the Past and in the Present continued…)
Photo by Matt According to a report released by the Conference Board of Canada on April 19th, the economy created over 80,000 jobs in the first quarter of this year, although the Canadian employment rate slightly decreased in March.
125 Panatella Court NW Panorama Hills This week’s real estate investment tip property is trying to grab your attention with its supreme location. Located at 125 Panatella Court NW in the very popular Panorama Hills area, this detached 2-storey family …(Investment Tip Of The Week – 125 Panatella Court NW, Panorama Hills continued…)
Photo by Neal Sanche The housing release for March by the Canadian Real Estate Association indicates that the Canadian housing market is transitioning into a more stable and sustainable state after more than two years of volatility. The National Market …(Housing Market Getting Stable continued…)
Photo by Reto Fetz As the planet runs out of oil, Canada could be trapped in a violent spiral of decline in the economy and the environment, according to the Calgary Herald. A new study by the six members of …(Future Oil Shortage Likely To Change Society continued…)
CPI in 2010 The Consumer Price Index (CPI) is usually considered a measure of the cost of living. It is one of major economic indicators and a tool to calculate inflation. What is the CPI? CPI is a monthly (somtimes …(Consumer Price Index in Canada continued…)
Photo by Sangudo While national housing starts grew, Alberta’s and Calgary’s starts significantly decreased. According to the Canada Mortgage and Housing Corporation (CMHC), the annual rate of Canadian housing starts was 188,800 units in March, increased by 0.02% from Ferbuary. …(Housing starts – Canada up, Alberta down continued…)
Photo by Cody James According to a report by Colliers International, positive momentum in the Calgary industrial real estate market continued into the first quarter of this year following a strong finish in 2010. The average net rent for industrial …(Calgary’s Industrial Real Estate Market Prospers continued…)
Photo by Jeff Werner Housing starts will moderate in all areas of Canada except British Columbia and Alberta, according to the Canada Mortgage and Housing Corporation (CMHC). In Alberta, starts will remain steady in 2011 and increase in 2012.
513 200 Brookpark Drive SW Our fresh real estate investment tip of the week is suitable for first-time home buyers or for investors with less capital available, since the price is only $205,900. The two bedroom, 84.7 sqm condo is …(Investment Tip of the Week – 513 200 Brookpark Drive SW continued…)
Photo by Dillan K On March 29, The Economist posted a list of OECD countries by taxes on property as a proportion of GDP. It shows that Canada’s taxes are the second highest, behind the United Kingdom. States need to …(Canada Has Second Highest Taxes on Property continued…)
Photo by Iain Bradbury Positive economic predictions are proving to be true. According to Business Review Canada, Canada’s manufacturing sector has led the economy toward continued strength. Economic growth of 5% almost perfectly matches predictions. Retail sales’ 0.3% decline during …(Overview of Canada’s Economy Recovery continued…)
Photo by Lucy According to a report released by the Calgary Real Estate Board (CREB), Calgary’s home sales, prices, and listings have decreased since last year. Single family home sales did better than the condominium market, indicating that Calgary’s housing …(Home Sales and Prices Fell in March continued…)
GDP in Canada click on graph to enlarge GDP (gross domestic product) is usually considered an indicator of a country’s standard of living. Let’s see how the GDP is developing in Canada.
Photo by Mahdi Ayat. Japan’s earthquake and the war in the Middle East have recently overshadowed problems in Europe. Now, though, it is evident that warnings about the return of European financial and political problems have come true. Not only …(Troubles In Europe Affect Mortgage Bonds And Home Loans continued…)
Calgary Suburbs by Evan Leeson The real estate market in Calgary continues to thrive. March finished with 1334 single family home sales and 566 condominium and town home sales. We continue to see a marked increase in buyers of Calgary …(Calgary Real Estate Report March 2011 continued…)
640 34 Ave NE In our Investment Tip of the Week series, we introduce you to residential or industrial real estate properties that a potential investor should consider as a solid possible revenue stream. This week, our tip fulfills the …(Investment Tip Of The Week – 640 34 Ave NE continued…)
Photo by Evan Leeson Mayors, finance ministers, and executives from Canada to Chile met to talk about urban sustainability in the growing towns and cities of the Americas. Annual Meeting Every year, the Boards of Governors of the Inter-American Development …(World’s Financial Authorities in Calgary continued…)
Photo by Jerry Bowley Calgary took third place in the overall ranking of the Toronto Board of Trade’s third annual Scorecard on Prosperity. Toronto dropped from fourth to eighth place and the highest ranking city was Paris. What is the …(Calgary Ranks Third In Prosperity Survey continued…)
Photo by Owen Wolter Analysts have claimed that an election campaign won’t be negative for the economy, although the Conservatives are warning that the opposition is putting the economy at risk by rejecting the budget and calling an election. “The …(Election Won’t Hurt Canadian Economy continued…)
Canadian Parliament by Michelle Walz Canadians will be heading to the polls for the fourth time in seven years. The three opposition groups – the Liberals (led by Michael Ignatieff), the Bloc Québécois (led by Gilles Duceppe), and the NDP …(Stephen Harper’s Government Has Fallen continued…)
Photo by Pete Williamson A survey conducted by Leger Marketing reveals that Canadians are interested in buying homes south of the border. Low prices and the strong Canadian dollar persuade them to purchase property in the U.S. and grow their …(One In Five Canadians Consider Purchasing Property In The U.S. continued…)
Photo by Chris Campbell On March 22th, The Honourable Jim Flaherty, Minister of Finance, launched the next phase of Canada’s Economic Action Plan by tabling a new budget plan with low tax to promote jobs and growth.
Single Family Home Value Forecast and Equilibrium Home Price Home Price Forecast Calgary single family homes are forecast to increase by 4 per cent over the next 12 months. More generally, home prices across Canada are expected to increase by …(Calgary Real Estate Market Forecast continued…)
Eastlakecentre It isn’t only residential real estate that has potential as a great investment. We already showed you three residential investment tips of the week, so it’s just about time to offer something from the industrial field. 7S Eastlakes Centre …(Investment Tip of the week – 7S Eastlakes Centre (Industrial) continued…)
Photo by Doug Air Canada is cutting six of its flights because of soaring fuel prices and half of them are from Calgary. Meanwhile, WestJet has raised its fares to offset the higher costs. On March 4th, Air Canada introduced …(High Fuel Prices Impact Air-Travellers continued…)
Photo by Jes Since industrial real estate demand in Calgary is increasing, as we reported in our earlier post, let’s have a closer look at its development according to the Avison Young survey released in March. Avison Young’s Calgary Industrial …(Calgary Industrial Real Estate Market: An Overview continued…)
Photo by Thomas Hawk Larger longer-term deals, a reduction in unoccupied, recently-completed space, and an overall increase in demand have been witnessed, says a new report by Avison Young issued in March. Availability of Calgary’s industrial market was 5.2% (including …(Demand For Industrial Real Estate Picking Up Pace continued…)
Photo by Tom Blackwell Energy is one of the wealthiest industries in Canada and it influences many aspects of Canadians’ lives. Its improvement will positively affect not only employment and the financial market, but also housing demand. According to Business …(Energy Sector Will Improve Housing Demand In Calgary continued…)
Photo by Douglas Sprott The Royal Bank of Canada has changed its residential mortgage special rate offers. The new rates came into effect March 16, 2011. Special closed four- and five-year offer rates have been decreased to 4.19 per cent. …(Royal Bank Decreases Residential Mortgage Rates continued…)
434 Panamount BV NW After the elegant Somerset property, we bring you another tip for a smart real estate investment in Calgary. This week’s investment tip concerns a detached single family home in Panorama Hills, a desirable neighbourhood in the …(Investment Tip Of The Week – 434 Panamount BV NW continued…)
Photo by Suncor Energy “Political instability in Africa has brought Alberta’s oil and gas industry roaring back to pre-recession levels,” experts say.The price of oil instantly started to move to values around $100 US a barrel, in contrast to its …(Oilsands Firms Stimulated by North African Turmoil continued…)
Photo by D’Arcy Norman Calgary region building permits took a surprise fall in January as both residential and non-residential activity weakened, according to Statistics Canada. The value of building permits in the area was down to $181.6 million for the …(Building Permits Plunged in January continued…)
Macro economics by Kevin Dooley In its effort to stop tailgaters (people like fly-by-night renovators paid cash on the spot so they don’t have to pay taxes), the government is trying to interfere with the underground economy. Tailgaters have been …(Loss Of Resources Because Of The Underground Economy continued…)
Photo by Oli Oviyan Tourism Calgary lowers 2011 expectations on the number of out-of-town visitors due to climbing gasoline prices and a strong dollar. The dollar is holding steady around $1.03 US and the average pump price has seen a …(Tourism Calgary Dampens Expectations continued…)
Tuscany dusk by D’Arcy Norman At the end of February, a new homeownership opportunity for middle-income Calgarians appeared. The recently launched Attainable Home Ownership Program is designed to help people who are struggling to buy a house in the city. …(New Attainable Homes Available In Calgary continued…)
Photo by Gamma Ray Productions New sales report from Calgary Real Estate Board shows signs of continuous recovery of the local real estate market. Single family home sales grew substantially compared to both January 2011 and February 2010. Mont-over-month sales …(Calgary February Market Explained continued…)
61 Somerset WY SW After the well-priced bungalow, we are here with another real estate investment tip. The residential property at 61 Somerset WY SW is something you should not miss. This 1800sqft, fully finished, 2-storey home with double attached …(Investment Tip Of The Week – 61 Somerset WY SW continued…)
Photo by Dwayne Investment in non-residential real estate contracted by more than 10 per cent in 2010, reports Statistics Canada. Investors spent $3.9 billion on non-residential housing investment in Calgary’s metropolitan area, compared to $4.3 billion the previous year.
Photo by saxon Although most Canadian cities overcame the recession successfully, according to a report recently released by the Conference Board of Canada, factors such as the winding-down of federal and provincial government stimulus measures, a weaker domestic economy and …(Calgary Among Cities Expected To Lead Growth continued…)
139 Silver Springs Drive NW Real estate investments can earn you thousands of dollars within a short period of time, but you need to stand out from the crowd and pick up the cherries. Each week, I am going to …(Investment Tip Of The Week – 139 Silver Springs continued…)
photo by yycofee Canada and Australia are leading the “Most Livable Cities” chart composed annually by the Economist Intelligence Unit. Seven of the first ten cities on the list are Canadian or Australian. Calgary managed to get to the top …(Calgary Fifth Most Livable City in the World continued…)
Photo by Stephen Rees According to the Altus Group report on residential housing, Calgary’s condo market started to revive in January 2011. The condo market, which was impeded and stagnating at its bottom only a year ago, is beginning to …(New Condominums in Calgary on a Rise continued…)
photo by procsilas According to the Calgary Regional Housing Market Statistics issued by the Calgary Real Estate Board (CREB), Alberta has a positive outlook when it comes to the state of the housing market. Migration brought by the growing oil …(Calgary Housing Market Statistics January 2011 continued…)
photo by Online Photography School Mayor Naheed Nenshi has recently spoken out in favour of the legalization of secondary suites across all residential neighbourhoods in Calgary. The Calgary Real Estate Board (CREB) reacted immediately. CREB requests this change from the …(Secondary Suites Permit is About to Help Housing continued…)