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EDMONTON REAL ESTATE NEWS ROUNDUP – August 25, 2012

Canadian home sales hold steady in July

According to statistics released today by The Canadian Real Estate Association (CREA), national resale housing activity remained stable from June to July 2012. Prices are off their recent peaks in Greater Vancouver and Greater Toronto, but remain above year-ago levels in most markets…

 

http://www.youtube.com/watch?v=R8umeKyiJrE&feature=plcp

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Inventory for higher-priced homes highest – REALTOR® Prez #yeg #yegre

Consumer confidence, economic stability and available financing are encouraging home owners to move up to that next, higher end property right now. In order to make that move they have to sell their current property, so many home owners are trying to ensure a quicker sale. The result is that there…

 

http://raeinfo.posterous.com/inventory-for-higher-priced-homes-highest-rea

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Edmonton, Calgary lead Alberta’s economic growth

Edmonton and Calgary will lead the way, as Alberta’s economy is expected to grow over the next four years. A report released by BMO Capital Markets Economists Friday, suggests that rising oil production will improve Alberta’s economy, housing and labour market…

 

http://www.globaltvedmonton.com/edmonton+calgary+lead+albertas+economic+growth/6442699324/story.html

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Pace within Alberta set to top prairies

Construction starts of homes of all kinds in Alberta are expected to rise 23 per cent this year compared to 2011, says a federal agency. Canada Mortgage and Housing Corp. expects shovels in the ground on 31,800 homes by the end of this year — the highest total of the prairie provinces…

 

http://www.calgaryherald.com/business/Pace+within+Alberta+prairies/7102624/story.html

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REALTORS® confident Calgary will dodge downturn – #yeg #yegre

Predictions of a 10 per cent reduction in Canadian house prices won’t happen here, Calgary realtors said Wednesday in response to the latest warning of an approaching market correction. Scotiabank economists said Canada is due for an imminent housing price correction in a report that suggested average home prices nationally will likely experience…

 

http://raeinfo.posterous.com/realtors-confident-calgary-will-dodge-downtur

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