Tag Archives: forecast

Real estate sales steady, board expects ‘measured growth’

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There has been no significant increase but no back slide either, as home sales in Medicine Hat have held steady throughout the first month of 2013.

The sales ledgers show a total of $20,131,302 in January. That number is down $1,621,048 from the same 31-day period in 2012.

Fifty-nine fewer residential properties were put on the market in January, however sales almost made up for that. A total of 88 homes were sold, as compared to the 89 sold in January of 2012.]

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

Resale market pace likely to ease in 2013

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Expect a balanced market when buying or selling a resale home in Calgary this year, say housing industry experts.

“We expect to continue to see moderate growth, but not at the pace that we saw last year,” says Ann-Marie Lurie, chief economist of the Calgary Real Estate Board. “We continue to be fuelled by migration and employment growth, but those paces are expected to ease from levels we saw in 2012.”

Read more: http://tinyurl.com/aug2col

 

Looking into 2013 With Mayor Blake

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Melissa Blake, mayor of the Regional Municipality of Wood Buffalo, welcomes the year 2013 with both excitement and some concern over the challenges the new year will bring. She is however optimistic. “There’s pain, there’s progress, a little more pain, and then a whole lot of progress, and so 2013 is an exciting year for me because I can already see what the future is in this region”, says Blake when asked about the prospects of a new year and new plans in the area.

Read more: http://tinyurl.com/aq6n7hq

 

‘Significant’ home market growth forecast for Alberta

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The latest Royal LePage report on Canadian real-estate shows average housing prices were up between two and four per cent in the fourth quarter of 2012 compared with the same time last year.

However, the same survey shows average prices for the three main categories of housing were down from the third quarter of 2012 — a period that included new mortgage rules that have discouraged many first-time buyers.

Read more: http://tinyurl.com/ayon2e9

 

Calgary house prices forecast to increase 2.5% this year: Royal LePage

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CALGARY — By the end of 2013, average house prices in Calgary are expected to increase 2.5 per cent, while most of Canada is expecting price appreciation to flatten, according to the Royal LePage House Price Survey and Markey Survey Forecast released Tuesday.

And while Calgary will see a nine per cent hike in sales activity this year over last year, nationally the resale housing market will experience a decline of five per cent.

Read more: http://tinyurl.com/bcbo5kx

 

Rewards and challenges ahead in 2013

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As another year closes and a new year begins there are certainly some much anticipated rewards and some expected challenges ahead in 2013.

A modernization project at Picture Butte High School has been on the go for so long that students and staff are now refusing to even guess when it will actually be completed. It will certainly be a reward for the Class of 2013 to see the project put to rest before they actually graduate.

It will also be nice for the community in general to finally see the major project completed.

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

 

Alberta’s outlook optimistic

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American politicians may be dancing awkwardly toward the fiscal cliff, but there’s still reason to be optimistic about the financial future, say a pair of Alberta economists.

On Thursday, U.S. stock markets were down for a fourth consecutive day and consumer confidence at its lowest level since August, as Democrat and Republican leaders remained stalled in their efforts to prevent tax increases and spending cuts that will take effect after Dec. 31.

Read more: http://tinyurl.com/d3qv5e7

Zandi on 2013: Strong Housing, Modest Growth and Job Creation

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The U.S. economy grew at a 3.1% annual rate in the third-quarter, more than previous government estimates of 2% and 2.7%. The July to September quarter was the nation’s fastest rate of growth since the fourth-quarter of 2011. Inventory investment was the main driver of economic growth in Q3 according to the Commerce Department. Stronger trade, increased consumer demand for durable goods and health care services as well as a rebound in local, state and federal defense spending also contributed to higher growth. The economy expanded at a 1.3% rate in the second-quarter.

Read more: http://www.cnbc.com/id/100332144