May 06, 2014 | CREBNow
Morning news rundownHere is your morning news rundown for Tuesday, May 6
- OECD sees pick-up in Canada, but warns on housing, health care - Globe and Mail
- CMHC sees amount of mortgages it insures shrinking this year amid tighter housing market rules - Financial Post
- Residential taxes and utility fees to jump $200 a year - Calgary Herald
- Calgary households expected to pay $900 more in annual taxes and fees by 2018 - Metro
"POP QUIZ: Put your real estate knowledge to the test! Getty Images "Over-under RESOLVE executive director Sheryl Barlage says the economic downtown is impacting overcrowding in Calgary homes. Photo by Wil Andruschak/For CREB®Now "Morning News Rundown Morning News Rundown "Morning News Rundown Morning News Rundown "Morning News Rundown Morning News Rundown "CREB® REALTOR® Community Foundation pledges $300,000 to HomeSpace Society for affordable housing project "CMHC program can save "green" borrowers up to 25 per cent on mortgage insurance premiums Getty Images "CMHC tightens lending requirements for insured mortgages Getty Images "Mortgage matters: options and advice for anyone falling behind on payments due to COVID-19 Getty Images "Risky business: popularity of alternative mortgage lenders increased in 2018 Getty Images "Rinse and repeat Richard Cho, pricipal market analysis for Calgary with CMHC, expects rental vacancy rates to hover around seven per cent in 2017. Photo by Wil Andruschak/for CREB®Now "Renters' market Housing industry officials expect conditions to favour the renter in 2017 much like it did in 2016. CREB®Now photo "55 Years of Calgary Real Estate: 1985 CREB® President Jim Moore Past president Jim Moore now spends his time as CEO and executive director of the Dream Centre. Photo by Michelle Hofer/For CREB®Now "'Tis the season Joe Jacobs, president of Mortgage Connection Inc. in Calgary, said the best way to qualify for a mortgage is to decrease or eliminate other debts. Photo by Adrian Shellard/For CREB®Now "Foreign interest in apartment sector unchanged: report "Future of housing Canadian Home Builders’ Association-Alberta CEO Donna Moore said one of the organization’s top concerns when it comes to the development of a national housing strategy is to address affordability for first-time buyers.. Photo by Adrian Shellard/For CREB®Now "Calgary housing market 'overvalued' "Stress test "Goodbye YVR, hello YYC? CMHC’s Richard Cho said that foreign investment still represents just a sliver of Calgary’s total residential housing market, even though it has increased from 0.2 to 1.1 per cent in just over a year. Photo by Wil Andruschak/For CREB®Now "55 Years of Calgary Real Estate: 2004 CREB® president Don Dickson Former CREB® president Don Dickson said one of the biggest changes he's seen over the course of his real estate career is the number the different housing types now available. Photo by Michelle Hofer/for CREB®Now "Renters' paradise Gerry Baxter, executive director of the Calgary Residential Rental Association, said the vacancy rate among members of the association is between eight to 10 per cent. Photo by Wil Andruschak, for CREB®Now "Five things about CREB®'s Mid-Year Forecast "55 Years of Real Estate: 2005 CREB® president Marilyn Jones Marilyn Jones began her career in Calgary real estate in 1975. She served as CREB® president in 2005, a year which saw Calgary experience similar flooding to that seen in 2013. Photo by Michelle Hofer/For CREB®Now "Something about SHARP Multiple reports have the number of seniors in the country doubling 2011 levels by 2036. CREB®Now illustration "Five things about population impact on housing "Long live the auto Canada Mortgage and Housing Corp. regional economist Lai Sing Louie said many Calgary homeowners still want the freedom to come and go with a car at their disposal, and they’re willing to pay for it. Photo by Wil Andruschak/For CREB®Now "55 Years of Real Estate: 2007 CREB® Past President Ron Stanners Former CREB® president Ron Stanners said affordability challenged many buyers in 2007. Photo by Michelle Hofer/For CREB®Now. "55 Years of Real Estate: 1997 CREB® President Patti Beaudry Patti Beaudry remembers a booming real estate market in 1997. Photo by Michelle Hofer/For CREB®Now "5 things on housing market's health The scaling back of single-detached home starts has contributed to a decline in the number of units under construction, thus posing minimal risks of destabilizing the market, according to a new report. CREB®Now file photo. "Five things about fire damage for landlords and renters "Weak conditions expected to dampen housing starts "Calgary vacancy rates to rise, rents to decrease: report "Calgary housing prices to decline further: report "5 things about Calgary's housing market "Five things about household debt in Canada "City to hold property tax sale The City of Calgary will be auctioning off properties with more than three years outstanding tax arrears. CREB®Now file photo "5 things about housing needs "Long haul for local housing market CMHC's Richard Cho says everything from employment levels to household income and migration to spending levels signal to tough times ahead for the local housing market. CREB®Now file photo. "5 things about February housing stats "M.D. of Foothills not immune to market conditions: Mayor M.D. of Foothills Mayor Larry Spilak says a growing number of new residents in the area are younger couples to middle-age professionals who are choosing to raise their families in a rural environment. CREB®Now file photo.