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Stories Tagged - CMHC

Jan. 21, 2013 | Cody Stuart

Calgary Housing Starts Fall in December

Housing starts in the Calgary Census Metropolitan Area (CMA) were trending at 11,461 units in December, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of total housing starts. The standalone monthly SAAR was 10,618 units in December, down from 11,902 in November.

Jan. 14, 2013 | Cody Stuart

Calgary Housing Starts Decline in November

Housing starts in the Calgary Census Metropolitan Area (CMA) totalled 990 units in November 2012, down 10 per cent from 1,106 units in the previous year. According to Canada Mortgage and Housing Corporation (CMHC), to the end of November, total housing starts in the Calgary CMA rose 44 per cent to 11,975 units, up from 8,322 units in November 2011.

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Jan. 09, 2013 | CREBNow

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Dec. 18, 2012 | CREBNow

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Nov. 28, 2012 | CREBNow

Still Affordable

With strong economic growth expected to continue into 2013, some say Alberta's recent real estate market "renaissance" is just getting started.

"The Alberta housing market enjoyed an unusual mix of factors in the third quarter: firm and steady resale activity, balanced demand-supply conditions (if marginally tight), moderate home price increases, and attractive and improving affordability," said an RBC Housing Trends and Affordability report.

Nov. 22, 2012 | Cody Stuart

CMHC Forecast More Prosperity for Calgary Market

Buoyed by net migration, job prosperity and low mortgage rates, MLS® sales in Calgary this year are expected to reach their highest level since 2007, before increasing even further in 2013.

As outlined in the Canada Mortgage and Housing Corporation's (CMHC) annual Calgary Housing Outlook Conference, which took place Nov. 20 at the BMO Centre, Richard Cho, CMHC's senior market analyst for Calgary, said sales in Calgary should increase by almost 16 per cent in 2012 to 26,000 units, rising by another 500 units in 2013 to 26,500.
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Nov. 19, 2012 | CREBNow

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Nov. 08, 2012 | CREBNow

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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."
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Oct. 22, 2012 | CREBNow

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