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Mortgage rules hit Calgary housing market with 'collateral damage': CREA

CBC.ca - 1 week ago
Housing sales in Canada were down significantly this year, and Calgary was one of the cities leading the drop, according to a new report from the Canadian Real Estate Association (CREA). "This...

Barriers to building add significant costs to housing

Calgary Sun - 8 hours ago
The mortgage stress test, the Bank of Canada raising its overnight rate, the six major banks in Canada raising interest rates – with more increases on the horizon – are designed primarily to slow...

Stop blaming mortgage stress tests for killing the housing market

The Globe and Mail - 4 days ago
In some cities, people are finding that the house they want to buy wouldn't be affordable if they had to pay a higher mortgage rate. The housing-industrial complex says this is bad – a cruel...

More of an evolution than a recovery

Calgary Sun - 8 hours ago
First, the latest numbers from the Canada Mortgage and Housing Corporation confirm that the number of new, but unsold, homes in both Edmonton and Calgary are on the rise. In fact, in March of 2018,...

Calgary's commercial property woes linger despite upturn in Alberta economy

The Globe and Mail - 4 weeks ago
It's one of several Alberta properties that have the weakest debt-service numbers in Canada, even with the province emerging from a lengthy economic downturn driven by the oil-price collapse that...

Toronto Real Estate Leads The Country In Average Price Declines, Saint John Pops Higher

Better Dwelling - 1 day ago
The average sale price of Canadian real estate is falling, and fast. Canadian Real Estate Association (CREA) numbers show the average price of a home is down 11.3% in April 2018. Most of the declines...

Edmonton home-price increases lag behind most other Canadian cities

Edmonton Journal - 5 days ago
While some Edmonton residents woefully watch their house prices lag behind values in most other major Canadian cities, it's a great opportunity for first-time homebuyer Tayler Button. “I was...

House sales in Calgary 25% below long-term averages, CREB says

CBC.ca - 3 weeks ago
The total number of house sales in April was 1,518 — down from 1,900 the previous April, a drop of more than 20 per cent. That's 25 per cent below long-term averages, the Calgary Real Estate...

RBC hikes mortgage rates, joining TD

The Globe and Mail - 4 weeks ago
Royal Bank of Canada is raising the posted rates on some of its fixed-rate mortgages, becoming the second big bank this week to make adjustments following sharp increases in government bond yields....

Ottawa real estate giant Minto files for initial public offering estimated at $200 million on TSX

Ottawa Citizen - 2 days ago
The company, one of Ottawa's largest real estate firms, this week filed to issue investment units to the public through a new entity called Minto Apartment Real Estate Investment Trust. The price...