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News
Nov. 07, 2012 | CREBNow
Exception to the Rule
Calgary and Alberta continue to be the exception to the rule when it comes to the Canadian housing market.
"Alberta and the rest of the country are clearly on different train tracks when it comes to the housing market," said ATB senior economist Todd Hirsch. "Back when Alberta's home prices were booming, the explanation was pretty straightforward: very high in-migration combined with strong wage growth and the introduction of 40-year mortgages."
"Alberta and the rest of the country are clearly on different train tracks when it comes to the housing market," said ATB senior economist Todd Hirsch. "Back when Alberta's home prices were booming, the explanation was pretty straightforward: very high in-migration combined with strong wage growth and the introduction of 40-year mortgages."
News
Nov. 07, 2012 | CREBNow
The Cochrane Corridor
Construction has begun in the town of Cochrane on a corridor that will link the downtown with the Quarry, the future site of retail shopping, community gathering sites and residential development.
"Bringing this project to fruition required the contribution of many," said Cochrane mayor Truper McBride at an opening event for the corridor. "(We're celebrating) the first of a number of key milestones that will be met to ensure the success of this project.
"Bringing this project to fruition required the contribution of many," said Cochrane mayor Truper McBride at an opening event for the corridor. "(We're celebrating) the first of a number of key milestones that will be met to ensure the success of this project.
News
Nov. 05, 2012 | CREBNow
Is a Remediated Grow-Op Home Really Safe
Everyone would agree that growops are not a good thing for any neighbourhood. But from a REALTOR® perspective, it's even more of a conundrum. As a REALTOR®, we represent the buyer or the seller to the best of our ability using all of the resources to sell or buy that home. When it comes to grow-ops, we want to work with the seller to ensure the property is safe, but how do we really know?
News
Nov. 05, 2012 | CREBNow
Mandatory New Home Warranty Protection Introduced
Albertans purchasing a new place to call home will have warranty coverage for their purchase under new legislation proposed by the Alberta government.
Bill 5, the New Home Buyer Protection Act, was introduced in the legislature on Oct. 25. The Act requires builders to provide home warranty coverage for all new homes built in the province starting in fall 2013.
Bill 5, the New Home Buyer Protection Act, was introduced in the legislature on Oct. 25. The Act requires builders to provide home warranty coverage for all new homes built in the province starting in fall 2013.
News
Nov. 01, 2012 | Cody Stuart
Secondary Suite Questions Remain
A recent pilot project from City Hall has once again cast a spotlight on the hotly contested issue of secondary suites in Calgary. One of Mayor Naheed Nenshi's major talking points during his 2010 campaign, the citywide legalization of secondary suites, remains an unrealized goal as the Mayor comes to the end of his term.
Although city council agreed in April to allow the suites in all new neighbourhoods, it's unlikely such a move will make much of a dent in Calgary's hot rental market.
Although city council agreed in April to allow the suites in all new neighbourhoods, it's unlikely such a move will make much of a dent in Calgary's hot rental market.
News
Nov. 01, 2012 | Cody Stuart
Prairie Prosperity
With economic growth and job creation supporting housing demand in the province, Canada Mortgage and Housing Corporation (CMHC) is predicting more good news for Alberta's housing market.
According to CMHC's third quarter 2012 Housing Market Outlook, sales, prices and starts are in the province are all predicted to increase over the next year.
According to CMHC's third quarter 2012 Housing Market Outlook, sales, prices and starts are in the province are all predicted to increase over the next year.
