Government questionnaire covers condo ownership

Edmonton condominium residents have a chance to have their voices be heard regarding condo issues that can aid the government when making changes to the Condominium Property Act. Through the use of a form, residents are being asked to share information that will be used to determine the merit of the policy proposals being considered […]

2013 Edmonton housing forecast called “Restrained”

The Realtors Association of Edmonton forecasted “restrained” growth on the resale housing market for 2013 in the Oil City. This comes after continued economic and housing growth in 2012, which is something  expected to continue through this year. An article published in the Edmonton Journal says the REA has projected single-family home prices to increase […]

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 […]

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 […]

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 […]