Housing forecast predicts slow and stable growth

Posted on January 12, 2013 by Joe

There are no bounces, no bubbles and no bursts to be expected in the Capital region’s housing market this year, says Darrell Cook, president of the Realtors Association of Edmonton.

“The real estate market in Edmonton and the region will remain stable and steady,” Cook told some 700 realtors and business people Wednesday at the association’s annual housing forecast seminar.

Cook said average prices of single-family homes in the Edmonton region are expected to increase by two per cent in 2013, rising from $382,829 to $390,020.

Read more: http://tinyurl.com/bvq538v

Canada, China, U.S. seen ‘stabilizing’ amid gloomy global outlook: OECD

Posted on November 12, 2012 by Joe

PARIS — The economic outlook remains poor for major economies though there are growing signs of stabilization in Canada, China and the United States, the OECD said on Monday.

Read more: http://tinyurl.com/a7tvpfo

Alberta home builders keep swinging their hammers

Posted on November 8, 2012 by Joe

CALGARY,AB, Nov. 8,2012/ Troy Media/ – Despite the anxieties in Europe, uncertainty in the U.S., and a faltering economy in other parts of Canada,Alberta remains remarkably stable. The province’s balanced housing market has been one of the most convincing indicators of that.

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

Alberta’s rental market stable

Posted on October 24, 2012 by Joe

CALGARY, AB, Oct. 24,2012/ Troy Media/ –Alberta’s rental market has changed dramatically in the past couple of decades: the majority of rental units are no longer built and financed specifically with renters in mind.

Today, the typical landlord is a higher income family renting out former owner-occupied residences or condo-converted rental units. According to a recent survey by ATB Financial, about 13 per cent of Alberta households have a second residence or investment property.

Read more: http://tinyurl.com/9awvcnx