CALGARY — Short-term year-over-year price growth expectations for Calgary’s resale housing market are in the three to 4.9 per cent range, says the Conference Board of Canada.
Read more: http://tinyurl.com/k5fv2v8
CALGARY — Short-term year-over-year price growth expectations for Calgary’s resale housing market are in the three to 4.9 per cent range, says the Conference Board of Canada.
Read more: http://tinyurl.com/k5fv2v8
Demonstrating the power of rising home prices, the number of underwater homeowners has dropped below 10 million for the first time in more than at least three years.
Read more: http://tinyurl.com/pjmb3hv
For the classic buy and hold investor, there are in general three ways to make money in real estate. Please note that these are general principles and in apply many countries around the world.
1) Mortgage paydown. Every month that a mortgage payment is made, part of the amount goes to paying down the debt and is like a forced payment plan which goes to your bottom line. This way of making money is comparable to contributing to a government sponsored retirement plan called an RRSP in Canada, 401k in America or Superannuation plan in Australia. This is the first thing one must look at when calculating your return on investment.
2) Positive cash flow. It does not make any sense to buy a property that loses money every month and that is exactly why positive cash flow ( i.e. the overall income of the property pays all of the expenses and has funds left over) is absolutely essential.
3) Equity appreciation. This is another way of saying buy low and sell high and is what most people call “investing” Although there is nothing wrong with making money in this matter, it must not be your first consideration but more like your third or even fourth. Just ask anyone who purchased property in the United States in the mid 2000’s and was losing money every month because they cannot cover all their property expenses in a down market.
CALGARY — Short-term year-over-year price growth expectations for the Calgary resale housing market are between five and 6.9 per cent, according to the Conference Board of Canada.
Read more: http://tinyurl.com/lwzz9ge
Obviously the new home sales report this morning was solid with sales above expectations and significant upward revisions to prior months. I try not to react too much to the month to month ups and downs; the key points right now are that sales are increasing and will probably continue to increase for some time.
Read more: http://tinyurl.com/otz7ykt
The numbers just keep going up. Home prices are defying gravity and expectations, which has some asking exactly how real they are and what is driving them. The answers lie, again, in the numbers, which vary depending on what particular report you choose.
Read more: http://www.cnbc.com/id/100715894
Home prices in March were 10.5% higher than a year ago — and a bit more if distressed sales weren’t counted, says market researcher CoreLogic.
The overall change was the biggest year-over-year jump in seven years and the 13th straight month for home price gains.
Read more: http://tinyurl.com/blcy4ug
CALGARY — The benchmark price of single-family homes in the city reached a new high of $452,900 in April, as market conditions that favour the seller finally drove prices above the unadjusted peak in 2007, said the Calgary Real Estate Board.
Read more: http://tinyurl.com/cme8ach
CALGARY — A Victoria, B.C.-based private equity firm is aiming at investing in smaller companies in Calgary and in Alberta.
Peter Gustavson, president and chief executive of Gustavson Capital Corporation, said he’s excited about investing in the province.
Read more: http://tinyurl.com/bnqhm9j
Peace River’s local housing market is on an upward trend but the average home price is increasing due, in part, to rental vacancy rates on a downward spiral.
Greg Rosychuk, an associate with Peace River Town and Country Realty, shared his data with the Record-Gazette and says there was a 14 per cent increase in home sales in Peace River between 2011 and 2012.
“People are coming to northern Alberta to work and there’s plenty of jobs in the region and there may not be as much work in other parts of the country,” he said by phone.
Read more: http://tinyurl.com/bmz6hdg