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News
Dec. 04, 2014 | CREBNow
Bank of Canada maintains overnight rate
The Bank of Canada has maintained the overnight interest rate at one per cent - unchanged since September 2010.
Here's the statement from the bank (published Dec. 3) :
Here's the statement from the bank (published Dec. 3) :
News
Dec. 03, 2014 | CREBNow
In photos: Bonus Bowness
Originally a "suburb perfect" vision of Englishman John Hextall, Bowness dates back to the early 1900s.
A popular destination for Calgarians looking for a weekend getaway was Bowness Park, constructed in 1911 and still one of the most sought after parks in the city today.
Bowness was annexed by the City of Calgary in 1964 and continues to be a destination for homebuyers, recreation enthusiasts, foodies and more.
A popular destination for Calgarians looking for a weekend getaway was Bowness Park, constructed in 1911 and still one of the most sought after parks in the city today.
Bowness was annexed by the City of Calgary in 1964 and continues to be a destination for homebuyers, recreation enthusiasts, foodies and more.
News
Dec. 03, 2014 | Donna Balzer
Fast facts on slow food
Celebrate Terra Madre Day with good, clean, fair food
When Brennan Anderson was moving a box of books from his basement this past fall, a big, fat spaghetti squash rolled out from behind it.
The squash, leftover from his mom's food delivery the previous October, was wedged between the wall and the box.
Was it gross and mouse-chewed? Sunken and decaying?
No. It was still perfect – almost a year after delivery.
When Brennan Anderson was moving a box of books from his basement this past fall, a big, fat spaghetti squash rolled out from behind it.
The squash, leftover from his mom's food delivery the previous October, was wedged between the wall and the box.
Was it gross and mouse-chewed? Sunken and decaying?
No. It was still perfect – almost a year after delivery.
News
Dec. 03, 2014 | Nolan Matthias
Three simple rules for revenue properties
There's more to it than just buying a condo
In last week's column, I discussed a client who recently purchased a rental property that will return 17 per cent annually on just the cash flow and mortgage repayment.
That's a pretty good return, especially when considering that return will increase as more principal is paid down, and as the property starts to appreciate in value.
However, there is more to consider than just buying a condo and renting it out. Our client is a smart buyer who followed three basic rules when it came to buying her investment property. While these rules are simple, they are also important.
In last week's column, I discussed a client who recently purchased a rental property that will return 17 per cent annually on just the cash flow and mortgage repayment.That's a pretty good return, especially when considering that return will increase as more principal is paid down, and as the property starts to appreciate in value.
However, there is more to consider than just buying a condo and renting it out. Our client is a smart buyer who followed three basic rules when it came to buying her investment property. While these rules are simple, they are also important.
News
Dec. 03, 2014 | CREBNow
City council approves new budget
City council has approved a new four-year budget that will see property taxes in the city rise by 4.5 per cent next year, followed by three consecutive years of 4.7 per cent hikes through to 2018.
The increase means the average Calgary household will part with an extra $71.40 in property taxes
next year.
"This is a lean budget for a growing city," said Mayor Naheed Nenshi. "Council had important debate and discussion about the issues that matter most to citizens – from enhanced snow and ice control to investments in public transit to the fees for water and recycling.
The increase means the average Calgary household will part with an extra $71.40 in property taxes
next year.
"This is a lean budget for a growing city," said Mayor Naheed Nenshi. "Council had important debate and discussion about the issues that matter most to citizens – from enhanced snow and ice control to investments in public transit to the fees for water and recycling.
