The price gap between homes in Canada and the United States remains “yawning” despite the changing fortunes of the two real estate markets, but that’s bound to change.
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Tag Archives: prices
Peak Oil Price: The Latest Industry Worry
There have been many calls on peak oil – the tipping point at which global production reaches a peak – and, due to dwindling reserves, production declines, even if demand continues to rise. In reality, the industry and the technology have proved more resourceful than predictions have allowed and production has continued to rise.
Read more: http://tinyurl.com/bvjwrmy
Home market remains tight, forcing prices up
The number of homes listed for sale ticked up by almost 2.4% in March from February but remained down 15% from a year ago, new data shows.
The low inventory of homes for sale in many markets is helping drive up prices and is being closely watched as the spring selling season takes hold.
Read more: http://tinyurl.com/d54ul2c
Royal LePage finds housing prices up in most Canadian markets in early 2013
TORONTO – Average prices for three common types of housing were up year-over-year in most Canadian markets in the first quarter, national real estate company Royal LePage said Thursday.
Royal LePage said the average price for a standard two-storey detached house was up 2.2 per cent in the January-March period compared with a year ago, while the national average price for detached bungalows rose 2.4 per cent.
Read more: http://tinyurl.com/c8ofqhh
WHEN THERE’S NO SELLERS LEFT, YOU ONLY HAVE BUYERS – WE HIT THAT POINT A WEEK AGO
“Today is one of the cheapest entry points he’s ever seen.”
“People are pessimistic today about [gold and] gold shares,” he said, “more than they were in 2001, or in 2008…even the biggest gold companies out there…these guys are getting totally hammered…We had total capitulation a week ago Wednesday, and people were panicking, and people wanted out of gold at any price. It was irrational and it was a foolish thing to do. This is the best time to be buying, not the worst time.” said Bob Moriarty.
Read more: http://tinyurl.com/anxhxbu
Home Builders Won’t Drop Prices
A report this week from Barclays downgrading the stocks of several of the nation’s largest public home builders drew quick contest from the National Association of Home Builders, but not for the main premise. The Barclays report centered largely on, “stretched” stock valuations, but it also cited a secondary concern about new home prices.
Read more: http://www.cnbc.com/id/100439451
Land scarcity will drive up prices
Various factors affect the cost of housing.
High demand and short supply equals high prices.
Location affects prices — in Calgary, the west end is more expensive than the east end.
Land is a major determinant and as availability goes down, prices go up.
Read more: http://tinyurl.com/bxe2elv
Calgary house prices heading for peak this year
Just how strong has Calgary’s resale housing market been this year?
Well, take a look at average MLS sale prices.
Year-to-date, the average price in the city is $427,601, according to the Calgary Real Estate Board.
Read more: http://tinyurl.com/8cvo2t3
More Alberta businesses plan to raise prices next year
First the bad news for consumers.
Businesses in Alberta are the most likely in Canada to raise prices next year.
According to a survey by BMO, 38 per cent of Alberta businesses said they would raise prices compared with 29 per cent nationally.
But here’s the good news.
Read more: http://tinyurl.com/94yrvve
Calgary region new home prices on the rise
CALGARY— New home prices in the Calgary census metropolitan area in August rose by 2.4 per cent compared with a year ago, reported Statistics Canada on Thursday.
The federal agency said the New Housing Price Index also increased by 0.3 per cent from July in the Calgary region.
Read more: http://tinyurl.com/9f84wd4