Where do you stand, future Edmonton first-time home buyer?
An interesting article appeared in the Vancouver Sun early in the month from Peter Simpson that used a survey tabulated by the Canada Mortgage and Housing Corp. The survey asked a myriad of questions concerning potential first-time home buyers found that housing affordability in Vancouver is turning into a problem. But Vancouver might not be […]
Slow, Steady, or Booming…Growth is Still Growth
It’s no secret that Edmonton is experiencing a boom of sorts—in population, jobs, and new houses. 2012 has certainly been a good year. This past Tuesday, Canada Mortgage and Housing Corp. released some final numbers for 2012. As per the Edmonton Journal, “New home starts in the Edmonton census metropolitan area will finish at 12,000 […]
Projected slowdown by chief economist
Benjiman Tal, deputy chief economist at CIBC, predicts a bit of a slowdown next year, with growth of only 4 per cent compared to 6 per cent of this year. Tal said it’s “a reflection of a slowing housing market,” which is partially due to the maximum amortization of mortgages dropping from 30 years to […]
Edmonton keeps growing and building
As Edmonton’s population continues to grow, so does start of new builds. New home starts sustained its growth like the Canadian Mortgage and Housing Corporation said it would back in August, beginning work on 1,304 homes in the Edmonton area the CMHC said in a report. That number is up from 820 starts from the […]
CMHC forecasts moderate growth for Edmonton in 2013
Last week, the Canadian Mortgage and Housing Corporation painted a pretty picture of continued growth in Edmonton, which couldn’t be said for the rest of the country. Its report released every quarter, noted housing starts and resales in Edmonton are expected to increase again in 2013, topping the 11,000 unit mark, which they forecast to […]
New Restrictions in an Ever-Changing Market
In an already shaken up Edmonton real estate market, more restrictions will be put into place at the government level. Effective Monday, July 9th government-insured mortgage rules will change, according to Edmonton Journal. This change will make some potential buyers ineligible. Here is the breakdown of the new restrictions put in place by federal Finance […]
More jobs — more houses.
It’s simple: More jobs equal a more buyers in the housing market. In a front page story in the Edmonton JoConstruction of multi-family homes in Edmonton is up. urnal, Bill Mah reports “32 per cent of Edmonton-region employers plan to hire for the third quarter spanning July to September. Only one per cent of employers said […]
Real Estate Market Stays the Course
Susan Jones from the St. Albert Gazette is reporting that St. Albert realtors are optimistic that the stable market is starting to pick up. From the Edmonton Realtors Association first quarter statistics show that this year 182 single-family dwellings sold in St. Albert. That compares to 146 sales in the same three-month period in 2011 […]
