CALGARY — Total housing starts in the Calgary region fell by 33.4 per cent in February compared with last year, according to Canada Mortgage and Housing Corp.
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Tag Archives: housing
Housing sales, price up in Peace River
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.
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Calgary housing market experiencing positive momentum
CALGARY — Calgary’s housing market is experiencing positive momentum and is a “lone shining star” in the Western Canadian real estate market, according to a report by TD Economics.
In the first edition of its Metro Beat, reviewing economic trends on a quarterly basis, TD called Calgary’s situation ideal in comparison to what’s happening in Vancouver with the resale housing market seeing sales decrease there by 26 per cent in 2012.
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Alberta economic snapshot for February 16, 2013
CALGARY, AB, Feb. 16, 2013/ Troy Media/ – The value of Alberta’s manufacturing shipments slid in December to $5.77 billion – a decrease of 4.5 per cent from the previous month (seasonally adjusted). After having levelled off in early 2012, manufacturing in the province eased lower in the final three months of the year.
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Alberta economic snapshot for February 9, 2013
CALGARY, AB, Feb. 9, 2013/ Troy Media/ – The monthly Labour Force Survey from Statistics Canada is a closely watched gauge of how well the economy is performing, and yesterday’s report did not disappoint in Alberta.
After a one-month pullback in December, the provincial job market rebounded with a gain of 9,700 new positions in January (seasonally adjusted). Even better, almost all of these (8,600) were in full-time positions. Because more people entered the workforce – many of them new arrivals from other provinces – the unemployment rate remained unchanged at 4.5 per cent.
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Housing Market Already Shows Signs of a New Bubble
When housing began to simmer back in 2002, prices were rising around seven percent a year, then eight percent in 2004 and a stunning 12 percent in 2005.
At the time, words like “bubble,” and “unsustainable,” were uttered with every monthly reading. No one had seen home prices soar like that since the mid 1970’s.
Historically, prices nationally rise about three to four percent a year. The market was clearly too hot, and by 2007 it had reversed dramatically, with prices falling nationally for the first time in history.
Read more: http://www.cnbc.com/id/100435276
Alberta economic snapshot for February 2, 2013
CALGARY, AB, Feb. 2, 2013/ Troy Media/ – The sources of competition between the provinces range from hockey scores of local teams to the local weather conditions. But in at least one indicator, Alberta leaves the rest of its provincial siblings in the dust: average weekly earnings.
In November 2012, the average employee in Alberta earned $1,086 per week (before taxes and other payroll deductions). That’s a whopping 19.2 per cent above the national average of $911 per week, and even 15 per cent above the province with the second highest average earnings: Newfoundland and Labrador.
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Alberta economic snapshot for January 26, 2013
CALGARY, AB, Jan. 26, 2013/ Troy Media/ – Measures of consumer price inflation are often met with some disbelief by the general public. Official statistics say one thing, but consumers get the feeling that prices are all going in one direction: HIGHER. This month, the official measure of inflation in Alberta is sure to get the skeptics fired up.
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Prospective homebuyers in Alberta confident in the market
CALGARY — A national survey of prospective homebuyers, who intend to buy within the next 24 months, indicates nearly one-in-five in Alberta are single people.
The RE/MAX Canadian Homebuying Trends Survey 2013-2014, released on Tuesday, said 42 per cent are couples and 38 per cent are families.
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A lumber boom that’s built to last
Chris McIver no longer winces when he looks at a map of his company’s sawmills in British Columbia, Alberta and the U.S. Southeast.
With the pain dissipating from an era of low lumber prices, he has turned optimistic and is pleased to see West Fraser Timber Co. Ltd.’s sawmills receiving a stream of orders from wholesalers and distributors.
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