‘Favour the buyer’

Buyer’s conditions in the apartment sector are contributing to a continued shift in Calgary’s resale residential housing market, which experienced a second consecutive month of price declines in October, according to CREB®.

Read more: http://tinyurl.com/p8pkx47

Apartment Building Bubbles as Single-Family Homes Struggles

U.S. builders ratcheted up new construction in March, but the growth was entirely in apartment buildings. As rental demand shows no sign of abating, multi-family housing starts jumped 27 percent from February and a staggering 82 percent from March of 2012, when seasonally adjusted. These starts are now running at an annualized pace of 392,000, far higher than the ten-year historical average of 238,0000.

Read more: http://www.cnbc.com/id/100646124