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Housing correction underway in Canada, ‘soft-landing’ likely: bankers #yeg #yegre

Canada’s housing correction “appears to be underway,” Toronto-Dominion Bank’s chief economist said Tuesday, one day after data showed national home sales plummeted in August. Craig Alexander and a team of economists said a combination of market fatigue, stricter mortgage lending and a deterioration in housing…




Average price of single family homes unchanged month over month #yeg #yegre

If you picked up a copy of Real Estate Weekly from a month ago and compared it to this one, you’d see a lot of different listings, a lot of different information and some very similar numbers when it comes to housing prices. The average price of single family homes in Edmonton barely changed at all from July to August…




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…




Home sales growth leads nation

In June, CREA predicted a 3.8 per cent jump this year. Average sale price increases in Alberta are forecast for 2.6 per cent this year ($362,600) and 2.2 per cent in 2013 ($370,600). “The Canadian housing market has indeed ratcheted down its growth 




Canada’s Housing Market Cools – Edmonton prices continue to climb #yeg #yegre

Canada’s housing market is cooling rapidly in the wake of government changes to mortgage insurance rules, amid suggestions that many potential first-time buyers are opting to remain tenants. Indeed, the changes made by Finance Minister Jim Flaherty in July appear to be having more of an impact than his earlier attempts…




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