Sales are down, but prices are surging. It’s an odd mix for Calgary’s resale market over the last several months, given falling demand usually leads to falling prices.
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Monthly Archives: August 2023
What would National’s plan mean for house prices?
National’s plan to allow foreign buyers to purchase New Zealand properties at the top end of the market, and to reinstate investors’ ability to claim interest as an expense against their rental income in their tax returns would only have a limited impact on house prices, economists say.
Read more: https://tinyurl.com/vbmk2hjs
‘I’d rather be a renter’: Landlord quits after three-month stint
An Auckland woman who had to have her property decontaminated while she lived in a holiday park for two months, says hers is a cautionary tale for anyone thinking about renting out their home.
Read more: https://tinyurl.com/yr99r9xx
2 facing 80 charges in relation to $7.8M real estate Ponzi scheme in Alberta, B.C.
Two people are facing more than 80 charges after an investigation into a Ponzi scheme targeting investors in Alberta, B.C., the U.S. and Australia.
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Edmonton business owner calls for more commercial tenant protections
An Edmonton business owner says stronger protections and clearer rules are needed for small businesses in commercial lease agreements.
Read more: https://tinyurl.com/vpr7hbeb
Grande Prairie’s old Park Hotel construction site plagued by owner’s financial and legal woes
It was a deal to help transform Grande Prairie’s downtown and that change was welcomed by the mayor and council in late 2019. They had a vision of combining city history with a more city chic vibe that a 10-year lease with 1170292 Alberta Ltd., the company responsible for permanently changing the city’s landscape when 214 Place was built. Instead, the numbered company with which the city entered a deal is now in creditor protection as its properties are being sold.
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Wind farm near Oyen nearly done after years of delay
A long-delayed wind farm near Oyen is nearing completion, according to the Alberta Electrical System Operator.
Read more: https://tinyurl.com/2whwd2k8
Council to hold public hearing on supportive housing project
Lethbridge city council on Tuesday in a makeshift chambers gave first reading to a land use bylaw amendment which will enable Lethbridge Housing Authority to build a supportive housing development on Stafford Drive North.
Read more: https://tinyurl.com/25y5ns74
South-end rec facilities in city plans, with caveats
A near 20-year-old dream of south-end residents for recreation facilities in their area could come true according to a new major report on capital projects, but only when several major pieces of the plan fall into place.
Read more: https://tinyurl.com/3cprnj9t
Single low rate for all, Hatters protesting power prices demand
The promise of new measures next week to address high power bills hardly calmed a rowdy crowd of 500 Hatters who packed a protest meeting and called for major changes to pricing by the city-owned utility.
Read more: https://tinyurl.com/3ca5cxwf