Calgary’s Real Estate Market – Calgary Herald
Filed Under Main Content · Tagged: Calgary Herald, Real Estate Market, S Real Estate, Vancouver
Topping the nation for average sale price was Vancouver at $815,252.
Calgary’s Real Estate Market – Calgary Herald
Finance Minister Flaherty not worried about slumping markets, tougher mortgage rules
Filed Under Main Content · Tagged: Calgary Herald, Canadian Markets, Consumers, Federal Finance Minister, Federal Government, Finance Minister Jim Flaherty, Financial Risk, Greater Vancouver, Housing Sales, Housing Slowdown, National Securities, Ottawa, Proposal, Reverse Mortgage, Securities Regulator, Victoria
Calgary Herald- Federal Finance Minister Jim Flaherty said Thursday he is not concerned about slumping housing sales in some Canadian markets and has no plans to reverse mortgage restrictions imposed earlier this year.
Housing sales plunged dramatically last month in cities such as Calgary, Victoria and Greater Vancouver compared with one year ago.
But Flaherty, in Calgary to deliver a speech on Ottawa’s proposal for a national securities regulator, said he believes the housing slowdown is a sign that consumers are being more careful about financial risk-taking. He hinted the federal government wouldn’t shy away from additional mortgage restrictions, if needed…
Finance Minister Flaherty not worried about slumping markets, tougher mortgage rules
Bank of Canada bumps up rate
Filed Under Main Content · Tagged: Bank Canada, Bank Of Canada, Basis Points, Belief, Budget, Calgary Canada, Calgary Herald, Canada Banks, Caution, Commercial Banks, Economy, Global Recovery, Governments, Growth Outlook, Households, Interest Rate Decision, Pace, Prime Lending Rates, Rate Hike, Temper
Calgary Herald- The Bank of Canada raised its benchmark policy rate by 25 basis points to 0.75 per cent, even though it scaled back its growth outlook on the belief budget cutting among households and governments in advanced economies will "temper" the pace of the global recovery.
Many of Canada’s commercial banks followed suit by raising their prime lending rates.
The central bank acknowledged the economy is weaker than initially believed — but not feeble enough to call off yet another rate hike and likely more in the future.
Certainly, the interest-rate decision delivered yesterday teemed with caution. The central bank’s statement accompanying its decision highlighted how a "greater emphasis" on budget cutting among governments and households would slow the pace of the global recovery…
First-time homebuyers expect a break
Filed Under Main Content · Tagged: Asking Price, Break, Calgary Alberta, Calgary Herald, Canadian Province, Canadians, Home Buyers, Td Canada Trust, Td Trust
Calgary Herald- First-time homebuyers in Alberta, more than in any other Canadian province, expect to pay less than the asking price for their home.
The first TD Canada Trust Home Buyers Report, released Monday, says 71 per cent of those surveyed in the province expect to pay less than list price, compared with 65 per cent nationally. Among Alberta buyers, the report says, only 26 per cent expect to pay list price, with only three per cent expecting to pay more.
The report surveyed Canadians who have purchased their first home in the past two years or who intend to purchase a home in the next two years…
