The local housing market should remain strong in 2014 as long as Alberta continues to experience strong net migration and job growth, a prominent economist told the local chamber of commerce Wednesday.
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The local housing market should remain strong in 2014 as long as Alberta continues to experience strong net migration and job growth, a prominent economist told the local chamber of commerce Wednesday.
Read more: http://tinyurl.com/nfxergd
December U.S. housing starts and building permits data are out.
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The world is rapidly changing, and investors would be well-advised to position their portfolios for key long-term themes.
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The new president of the Central Alberta Realtors Association anticipates good things in 2014.
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CALGARY – A slowdown in net migration this year should help ease some of the housing demand pressure in the city but overall MLS sales are forecast to rise by 3.6 per cent with prices going up by 4.28 per cent, says the Calgary Real Estate Board, which officially released its annual forecast Wednesday morning.
Read more: http://tinyurl.com/mpjxrpm
Rising interest rates and a still slow housing recovery have some of the nation’s largest banks reporting huge drops in residential mortgage originations. Both Wells Fargo and JP Morgan Chase saw originations plummet in the fourth quarter of 2013, down 60 percent and 54 percent respectively from a year ago.
Read more: http://www.cnbc.com/id/101334809
Many economists still expect the job market to pick up steam next year despite Friday’s disappointing report on December payroll gains that was likely skewed by cold weather.
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Although sales of residential property in the Edmonton Census Metropolitan Area (CMA) were up nearly eight per cent from 2012, that number doesn’t hold true for each municipality.
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Edmonton – The REALTORS Association of Edmonton is predicting steady growth in the housing market for 2014.
Read more: http://tinyurl.com/ldcehta
Canada’s real estate outlook for the coming year has been revised to reflect better than expected growth in 2013, according to the Canadian Real Estate Association (CREA). Transaction volume is expected to grow by 3.7% in the coming year and the national average home price is expected to increase 2.5% on top of the 3.7% forecast for the previous year. Experts note that regional markets remain well balanced and in a position to enjoy healthy gains. For more on this continue reading the following article from Property Wire.
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