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Alberta Voted to Stay. Here's What It Means for Real Estate

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            Albertans went to the polls Monday and delivered the verdict the housing market had been quietly hoping for: roughly 76 per cent voted to remain in Canada , rejecting a move toward a binding separation referendum. It wasn't close, and it wasn't a surprise — polling had pointed here for months. But for anyone holding a mortgage, a listing, or a Calgary rental, the result removes a question mark rather than adding one.   Real estate doesn't fear bad news as much as it fears uncertainty , because uncertainty gets priced in. A credible chance of Alberta leaving Confederation raised a stack of unanswerable questions: Would an independent Alberta keep the Canadian dollar? What happens to federally regulated mortgages? Do lenders reprice risk? Do head offices leave downtown Calgary? The Calgary Chamber of Commerce surveyed members in June and found half said they'd leave if separation succeeded , estimating billions in losses. A University o...
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September data shows housing market in a deep freeze (United States)

Fast-rising mortgage rates in September took a harsh toll on the housing market, according to new monthly data released today.       Read more: https://tinyurl.com/4kmt3p9j    
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Rate rises prompt Aussies to choose DIY over moving (Australia)

With the RBA’s latest rate rise taking the cash rate to a 15 year high of 4.6 per cent, Aussies considering a move have another reason to stay put.       Read more: https://tinyurl.com/56y8u6dw    
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Mortgage renewal coming up? Start early and look beyond the rate, brokers say (Canada)

Homeowners may be tempted to take the mortgage rate offered in a renewal letter, but savvy borrowers see it as the start of a negotiation process that could lead to big savings.       Read more: https://tinyurl.com/34eex54x    
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Housing standard debate after tradie’s Aus find (Australia)

A Queensland tradie has brutally summed up the state of Australia’s housing market after filming a new home built so close to the one next door it barely seemed worth putting up a fence.       Read more: https://tinyurl.com/mr3wmc5x  
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Pipeline, major projects shows Ottawa’s commitment to Alberta, Smith says (Alberta)

With just a few days before Albertans vote on a separation referendum, Alberta Premier Danielle Smith said burgeoning pipelines and other major commitments show Ottawa’s commitment to her province.       Read more: https://tinyurl.com/wd23ffez    
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Australia’s 10 best property regions revealed as working class hubs (Australia)

Australia’s housing market collapse is leaving blue-collar areas once looked down on by “real estate snobs” set to outperform the blue-ribbon addresses.       Read more: https://tinyurl.com/4f8yju8c  
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Lorne Gunter: Carney Liberals fall pathetically short of their own housing-start goals (Canada)

The Canada Mortgage and Housing Corporation (CHMC) — the federal Crown corporation in charge of monitoring and financing housing in this country — reported that Ottawa fell well short of its goal of assuring 500,000 new housing units in by 2030.   Read more: https://tinyurl.com/3euztet9    
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Staff to present off-site levy bylaw information to council Monday (Medicine Hat)

City council will receive a detailed report on the new off-site levy bylaw during a closed meeting, Monday however no recommendations to council or decisions made will result.       Read more: https://tinyurl.com/3h6byfxc    
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The regional Victorian towns that boomed most in the past year (Australia)

Asking rents are rising in some of Victoria’s lesser-known regional towns as an exodus of investors reduces already limited rental stock.       Read more: https://tinyurl.com/fcvyndtz  
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Western defence hub marshals housing plans in Edmonton (Edmonton)

Edmonton is on the verge of another housing boom.       Read more: https://tinyurl.com/33mfkzs6  
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Varcoe: High oil prices leave producers with epic cash flow levels, some 'approaching debt-free status' (Alberta)

Canadian oil producers are set to unleash “epic” third-quarter financial results in the coming weeks, powered by supercharged energy prices, setting the table for a potential debt-free twist.       Read more: https://tinyurl.com/mu63bd44    
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Edmonton city council requests Smith's infill edict in writing 'as soon as possible' (Edmonton)

Eight days after Premier Danielle Smith decreed Edmonton city council must rescind its zoning bylaw, councillors are still at a loss as to how to implement her orders.       Read more: https://tinyurl.com/mtm787ah    
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