Slide in new-home prices slows
Filed Under Main Content · Tagged: Calgary, Economist, Edmonton, Hirsch, Previous Year, Statistics Canada, Vancouver Sun
The Vancouver Sun- The price of a new home in Edmonton remained flat in May from a year ago, according to data released by Statistics Canada Thursday.
Edmonton registered only a 0.1-per-cent 12-month dip in the contractors’ selling price, the federal agency said Thursday.
Since July 2008, prices have fallen each month by as much as 12 per cent from the previous year.
ATB Financial senior economist Todd Hirsch said both Edmonton and Calgary have seen new-home prices trending up in the first half of 2010 after spending much of the past two years priced below the previous year…
Slide in new-home prices slows
Home building still bright spot in Canada’s economy
Filed Under Main Content · Tagged: Abbotsford, Building Permit, Canada Economy, Canada Post, Canada S Economy, Canadian Economy, Conference Board Of Canada, Demographic Requirements, Edmonton, Housing Starts, London Ont, Metropolitan Areas, National Survey, Residential Building, Residential Construction, Short Term Housing, Term Outlook, Term Prospects, Victoria
Financial Post-Residential construction is a bright spot in the Canadian economy, according to a national survey that points to good short- and long-term prospects for housing starts in most parts of the country.
The outlook for short-term housing starts is positive in all but three of the 27 metropolitan areas surveyed by the Conference Board of Canada for its June monthly monitor, based on residential building permit data.
The long-term outlook, based on demographic requirements, isn’t quite as rosy, but it’s still positive, with 14 of the areas expected to post gains in housing starts.
All but six of the areas reported year-over-year growth in housing starts, with London, Ont., Edmonton, Trois-Rivieres, Que., Victoria and Abbotsford, B.C., showing the greatest increases from May of 2009…
Home building still bright spot in Canada’s economy
Canada housing starts jump in December
Filed Under Main Content · Tagged: Atlantic Provinces, Canada Vancouver, Conference Board Of Canada, Edmonton, Houses, Housing Starts Jump, Leap, London Ont, Saskatoon, Vancouver Sun, Victoria
Vancouver Sun- Housing starts were up in most parts of the country outside the Atlantic provinces in December, according to a report released Monday by the Conference Board of Canada.
The report on metropolitan housing starts report showed a year-over-year increase in 17 of the 27 areas studied.
Some of the biggest jumps were in London, Ont., where starts went from 826 in December 2008 to 3,259 in 2009; Saskatoon, which went from 916 to 2,285; Edmonton, where starts took a year-over-year leap from 4,990 to 12,539; and Victoria, where work began on 1,666 houses in December, 2009, compared to 486 in the same month in 2008…
Canada housing starts jump in December
Bank watchers look for clues on housing market
Filed Under Main Content · Tagged: Bank Canada, Bank Of Canada, Bank Of Canada Governor, Canadian Real Estate, Edmonton, Existing Home Sales, Growing Concern, Household Debt, Housing Bubble, Housing Market, Mark Carney, Midst, Monday Afternoon, Real Estate Market, Real Estate Sector, Recession, Red Hot, Shed
Times Colonist- The Bank of Canada may shed further light on whether the country is in the midst of a housing bubble when one of the governor’s advisors talks about the real estate sector in a speech Monday afternoon in Edmonton.
The speech is entitled, Canada’s Housing Sector in Recession and Recovery, and will be closely watched for clues of growing concern among Bank of Canada policy makers on the red-hot recovery in Canadian real estate. In recent weeks, Bank of Canada governor Mark Carney has warned of growing levels of household debt, perhaps stoked by record low borrowing costs that’s driving people to the real estate market.
As of November, existing home sales are up 73% on a year-over-year basis, while prices have climbed nearly 20%…
