Posts

Why are Canadian house prices outpacing other nations? New research provides insight (Canada)

Housing prices in Canada climbed faster than those in most developed countries, more than doubling since 2005, according to a new report.       Read more: https://tinyurl.com/3asnjbyp  

Edmonton council to debate changes to Belgravia intersection to curb traffic (Edmonton)

Changes to relieve pressure from traffic congestion at 114 Street and 76 Avenue in Belgravia will be discussed as part of the next Edmonton budget.       Read more: https://tinyurl.com/4sxun9wd      

Red Deer house sales trend downward in September (Red Deer)

The total number of house sales in Red Deer decreased in September.       Read more: https://tinyurl.com/5n8wdtc4     

Cypress County council OKs plan to allow 13 new residential lots (Medicine Hat)

Cypress Country council on Tuesday approved the Aparche Area Structure Plan, which would see roughly 13 future residential lots about 1.25 kilometres south of Township Road 120.       Read more: https://tinyurl.com/y4hnx9yh  

AI fraud in loan applications surges after RBA interest rate hikes (Australia)

Generative AI has opened the door to a swift increase in liar loans and homebuyers squashed by higher interest rates are committing some of the highest rates of loan fraud.       Read more: https://tinyurl.com/y9vmwrhr  

Opinion: Delivering on the Green Line vision means thoughtful investment and creativity (Calgary)

To many, the aboveground plan for the Green Line’s downtown segment seems like a road to nowhere, implemented for the sake of building another train line rather than grappling with Calgary’s genuine transportation problems.       Read more: https://tinyurl.com/yv8jj9hw    

Alberta’s vote to stay hailed as decisive, but uncertainty looms over immigration (Alberta)

Peter Veress knows what it’s like to leave everything behind because of separation threats.       Read more: https://tinyurl.com/brj3zmn4    

Lorne Gunter: Time for Alberta to move past separatism and get back to work (Alberta)

In Canada’s wars — particularly the First and Second World Wars, and Afghanistan — as well as on peacekeeping missions, young Prairie men (and now young Prairie women) volunteer early and in disproportionately large numbers.       Read more: https://tinyurl.com/4nuwsy7r    

St. Albert's 2027 budget proposes a 4.5 per cent property tax increase (St. Albert)

The city has tabled the 2027 municipal budget, which includes a proposed 4.5 per cent municipal property tax increase.       Read more: https://tinyurl.com/36t8eamj    

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...

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