Calgary’s housing market prompts economic slowing
Alberta is showing signs of an economic slowdown as its property market weakens and consumer confidence wanes. Industry experts attribute the signs to the fall of crude prices across Canada.
Greater Vancouver’s new homes cost lower, study shows
A slight dip the cost of in brand-new homes in Greater Vancouver were found year-over-year to November of 2014 despite an average price increase across Canada, a new report shows.
Deutsche Bank, The Economist agree on housing market overvaluation
New data from Deutsche Bank’s chief international economist Torsten Slok claims Canadian residential real estate is dramatically overvalued by 63%.
Sotheby sees a surging trend in luxury home sales for 2015
A new report by Sotheby's International Realty said sales of homes worth over $1m jumped in four major Canadian property markets in 2014 – a trend that may likely continue this year.
New report finds Calgary housing market hardest to predict
Plummeting oil prices are making the Calgary housing market one of the hardest to predict, as far as the Sotheby’s International Realty Canada is concerned.
Edmonton housing market will ‘hold steady’ despite oil prices
The Realtors Association of Edmonton predicts the region’s housing market is set to “slow down but still hold steady” this year amid the ongoing collapse in oil prices.
Winnipeg’s cheap home values still not affordable, experts say
While Winnipeg may be one of the most affordable housing markets in the country, experts claim it may not be cheap enough for many Canadians.
Not-for-profit to offer 64 Edmonton homes
A total of 64 Edmonton families are set for a new life this year as they will be given affordable housing by Habitat for Humanity Edmonton (HFH).
Rental housing exceeds forestry, mining economy contribution, study says
A new report by KPMG LLP has revealed that real estate contributes billions of dollars to Canada’s economy each year.
Rate hike may be minimal, says study
The Bank of Canada is hinting at an interest rate increase by late 2015, but some industry experts think it could happen as early as May.