A developing outer-western region has outshone more fancied postcodes to be Melbourne’s biggest money-making market of the past decade.
Read more: https://bit.ly/32BDDXs
Monthly Archives: February 2020
Don’t let the coronovirus scare you into acting like a lemming
The current coronavirus scare is a salient lesson in why making investment decisions on this type of news is a dangerous game. The odds are stacked heavily against getting it right.
Read more: https://bit.ly/3a7LY7U
Reverse mortgages boom as pensioners opt to put retirement on the house
Low interest rates and high house prices are prompting more retirees to take out a reverse mortgage against their homes.
Read more: https://bit.ly/2TpxxoV
Coronavirus Panic Is Causing A Worst-Case Scenario For Oil
As the World Health Organization on Friday upgraded its global risk assessment for the coronavirus to “very high”, anxious oil markets are wondering when might be a good time to panic about the oil demand and its effect on inventories, investment dollars, and ultimately, oil prices.
Read more: https://bit.ly/2T9jKnS
HICKS ON BIZ: Lots more oil still to come
The Aspen Oil Sands Project, Imperial Oil’s $2.6 billion, new in-situ oilsands project will eventually produce 150,000 barrels of oil per day (bpd). It is under construction.
Read more: https://bit.ly/2T897Bt
Judge sides with Edmonton condo board in banning online short-term rentals
A condo board in Alberta has won a court battle preventing owners from engaging in short-term rentals through web-based platforms.
Read more: https://bit.ly/2vt6Mbc
Coronavirus fears trigger up to 50% drop in business in Edmonton’s Chinatown
Restaurants in Edmonton’s Chinatown are seeing a drop in business that is being attributed, in part, to the coronavirus.
Read more: https://bit.ly/39fScmo
CMHC sees Calgary’s real estate moving toward balanced
Home buyers remain in the driver’s seat in Calgary despite a recent report showing the market is showing more balance between sellers and buyers.
Read more: https://bit.ly/39eglcI
White: Calgary and London, England, are surprisingly similar
Recently I spent a month in London, England, (mostly in the city centre) as well as a few days in the suburb of West Wickman. And I couldn’t help but make comparisons with Calgary. While London has a population eight times that of Calgary, has been a city of more than 1 million people for over 200 years and is considered to be the No. 1 Power City (i.e. financial influence and technology infrastructure) in the world, there are some interesting similarities and differences.
Read more: https://bit.ly/3ck6UdG
CMHC assessment shows Edmonton real estate presenting low risk overall
The latest assessment for Edmonton from Canada Mortgage and Housing Corp. held few surprises, pointing to the market continuing to be a low risk for overvaluation, price acceleration and overheating.
Read more: https://bit.ly/2TodFmf