Canadian home prices up; Sales drop
Royal LePage, one of Canada’ largest real estate agencies, announced its third quarter report recently and has reviews the Ministry of Finance was probably looking for when they dropped the maximum amortization period for insured mortgages from 30 years to 25 years. Despite the sale prices for a detached Canadian home is up, there’s been […]
August report from REALTORS Association of Edmonton released
REALTORS Association of Edmonton released August statistics yesterday and compared to the picture painted by the Canadian Mortgage and Housing Corporations predictions of 2013, it was a confusing image. In the previous post, the CMHC said a moderate growth would continue through 2013, but the latest statistics from the RAE have shown a bit of […]
Buyer’s Market in Edmonton?
They may not be building homes, but houses are being sold. A Tuesday report from Reuters said both housing permits and non-housing permits in British Columbia and Alberta were both down in June. But in July, Dave Cooper from the Edmonton Journal is reporting that housing sales are up while the price of homes is […]
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 […]
“World Class” Architecture Coming to Edmonton
Edmonton home owners might have some new entertainment to look forward to in the downtown area – a possible new sports arena for a plethora of events. 360 Architecture, builders of such noteworthy stadiums as the New Meadowlands Stadium in New York City, are almost set to add a bit of new life to downtown […]
