Calgary’s housing market grew twice as fast as expected in 2013, the result of what some realtors have dubbed a “perfect storm” of market factors.
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Tag Archives: housing
10 healthiest housing markets in America
The aftermath of the housing bubble will likely be debated for years to come. Many analysts say the realestate market is on a path to recovery, but some are waiting for the house of cards to collapse once again, when the Federal Reserve steps back from the table. One thing is certain: Some housing markets in the country are currently stronger than others.
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Alberta economic snapshot for Dec. 21, 2013
CALGARY, AB, Dec 21, 2013/ Troy Media/ – New data on retail sales in Alberta bode well for the Christmas shopping season of 2013, which will reach a fever pitch this weekend. According to Statistics Canada, shoppers rang up $6.22 billion in October, adjusted for seasonality. The 0.2 per cent jump from September was the fourth consecutive monthly increase, setting a new record high.
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U.S. housing starts surge to near 6-year high in November
U.S. housing starts surged to their highest level in nearly six years in November, a sign of strength in the housing market that could give the Federal Reserve ammunition to start cutting back its bond purchases.
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US housing: Problems ahead?
Shari Olefson, CEO of The Carnegie Group, explains how the new U.S. mortgage law will impact the housing market and argues that the raised debt ratio requirement “will be a problem.”
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Alberta economic snapshot for December 14, 2013
CALGARY, AB, Dec 14, 2013/ Troy Media/ – The amount of spare capacity in the Canadian economy shrank a small amount in the third quarter of 2013. Much of this tightening came as a result of higher capacity utilization in oil and gas extraction.
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All America Survey: Housing trends
CNBC’s Steve Liesman reveals the latest results from CNBC’s All America Survey on housing. Pessimism in home value is down to 2007 levels, reports Liesman.
Video: http://tinyurl.com/mwecvod
GP housing starts in winter slump
A recent report published by Canada Mortgage and Housing Corp (CMHC) shows a dip in housing starts in Grande Prairie.
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Alberta economic snapshot for December 7, 2013
CALGARY, AB, Dec 7, 2013/ Troy Media/ – Alberta’s job market continues to lead the country, according to the latest Labour Force Survey from Statistics Canada. Rebounding from a slow month of job creation in October, Alberta roared back with a net new 10,600 jobs in November (seasonally adjusted). That accounts for nearly half of all new jobs created nationwide last month. Over the last 12 months, the province has added over 78,000 jobs – an increase of 3.6 per cent.
Read more: http://tinyurl.com/pp6p4yu
Calgary strongest major housing market in Canada: BMO
CALGARY – Calgary has reclaimed its title as the strongest major housing market in the country after correcting several years ago, says a new report released Thursday by BMO Economics.
Read more: http://tinyurl.com/q6e2s9v