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New Year’s Pledge: Automatic Wealth Through Rental Real Estate

By Mark Ford, founder, The Palm Beach Research Group Monday, January 4, 2016 Do you invest in real estate? I’m not talking about your home. Owning a home has more to do with security (emotional and personal) than it has to do with building wealth. I’m talking about rental real estate. If you aren’t investing […]

The 10 best (non-oil) things about Alberta’s economy

Special to The Globe and Mail Published Thursday, Dec. 17, 2015 While it was booming, Alberta’s petroleum sector was a gravitational black hole that sucked up everything else around it. Other industries scrambled to compete for labour, office space and investment capital. It’s a challenge for a tech firm, for example, to open an office in […]

Market remains balanced despite easing in absorption rates

by CREB on August 04, 2015 Declines in residential housing sales activity eased in July, creating, when combined with stable inventory levels, no change to the month-over-month price. Year-over-year sales fell by 14 per cent to 1,995 units in July, compared to a 17.8 per cent decrease the previous month. Despite the decline, sales activity […]

The cost of growth

by CREBNOW on JUL 3, 2015 A look at Calgary’s development and off-site levies Hopping in the shower or flushing the toilet is going to take its toll on Calgarians’ wallets in coming years. Calgary’s current model for development levies is set to recover 50 per cent of the cost of water drained from your tap or toilet. Storm water […]

Calgary’s sales buoyed by consumer confidence

  The positive outlook of consumers is helping to keep the Calgary housing market consistent with typical levels. That’s according to a new report from the Calgary Real Estate Board, which notes that the volume of sales in June was only five per cent below the 10-year average for the month and three per cent […]

Calgary family median income the highest of major Canadian cities

  There’s a reason retailers from luxury auto vehicles to specialty stores want to open shop in Calgary — the region has the highest median family income of all major centres in Canada. In recent years that has led to robust sales in the retail sector as well as in the housing market. A report […]

Market moves toward balanced conditions-Calgary Real Estate Board

Calgary housing prices change direction in May For the first time since December 2014, Calgary’s residential unadjusted benchmark prices improved over the previous month. Within the city of Calgary, housing prices totaled $454,100 in May, a monthly and year-over-year increase of 0.55 and 0.96 per cent. “For the third month in the row, new listings […]

Solid start to spring pushes prices up

Solid start to spring pushes prices up   Home prices across the country are benefitting from the spring thaw, reversing a four-month decline in year-over-year prices, according to Teranet-National Bank. In its latest Housing Price Index report, the data compiling agency said housing prices rose 4.7 per cent in March, compared to the year-ago period. […]

Canada housing starts higher than expected

Canada housing starts higher than expected. Canada Mortgage and Housing Corp. says March was a stronger month for housing starts in most parts of the country. CMHC’s seasonally adjusted rate was 189,708 units last month, up from 151,238 in February. According to the Financial Post, most of the growth came from multiple-unit dwellings, especially in […]

Gen Y will be forced to downsize?

Gen Y will be forced to downsize? The average price for new and existing detached properties sold within the city of Vancouver surpassed $1.9-million last year, up 173 per cent since 2005. Van City forecasts that the average detached price within Vancouver’s city limits could top $4.4-million in 2030, based on pricing growth in recent […]