Canadian real estate sales and development soared, and so have mortgage credit needs. New data from Statistics Canada (Stat Can) shows non-bank credit intermediaries (NBCI) have seen explosive growth. Over the past decade, NBCI dealing with mortgages have more than tripled their assets. Mortgage

Despite a drop in home values across much of the city, most Calgarians should still expect a hike in property taxes in 2020, the city assessor said Thursday. The city assessed the typical residential home in Calgary at $455,000 — down four per cent from the previous year — according to data bein

WATCH ABOVE: New rules that came into effect at the beginning of the year mean Alberta condo owners could be on the hook for upwards of $50,000 if damage is caused within their unit. New rules that came into effect at the beginning of the year mean Alberta condo owners could be on the hook for u

One week into a new year, here are three decisive questions to ponder about the state of the economy. In the face of increasing geopolitical tensions affecting the energy sector, what is the outlook for oil markets in 2020? Given rising unemployment levels, will the job situation improve in A

As of November 2019, Calgary remained a buyer’s market amid oversupply, while home prices dropped by 2% (down to $419,100) on an annual basis, latest data from the Canadian Real Estate Association indicated. Sales levels last month were also only a little above 2018 levels. Detached home transac

With Calgary’s downtown office vacancy rate stuck in the 25 per cent range, many real estate experts have suggested converting empty space in the Central Business District into residential use as one solution for the market. But landlords and property owners haven’t been stampeding to actually f

The New Horizon Mall is a monument to Alberta’s struggling economy, but few retailers or shoppers are there to see it Sohail Panjwani and Braj Tripathi lean against an empty storefront in the New Horizon Mall north of Calgary; the holiday shopping rush is on elsewhere but at this shopping centre

Every year, millions of homeowners pay property taxes. In most situations, when the tax bill comes, if it seems reasonable they pay it and move on with their lives. To make sure you are not being overcharged on property taxes, it is imperative to understand the calculations used by the property app

Beware the belief that real estate prices will continue to climb at anywhere near the rate we have seen over the past 20 years ended Many boomers would highlight their home as their best historic investment, better than RRSPs in some cases. Long-time Canadian homeowners have benefited from de

CALGARY — The Calgary Real Estate Board says there were fewer sales in the City of Calgary last month, continuing a trend that has persisted for some time. In its housing market report released this week. CREB says 1,160 units were sold in the City of Calgary last month, with the drop being driv

Conditions remain challenging in the city’s real estate market, a new report has found. While hardly surprising given the Calgary’s ongoing economic challenges, the study also revealed increased activity in some areas of the market, indicating brighter days may be ahead. “Overall, the Calgary re

As reported in this space last week, new multi-family home sales in Calgary in the first half of 2019 were down compared to the same time frame in 2018.On the residential side, the report puts its focus on Calgary’s new multi-family homes market, where townhome sales were brisk, but the overall mar

A mixed bag of real estate news today.A sector of Calgary’s homes market that gets overlooked is market-driven rental apartments, which is making some ripples in the investment community. “While investment activity as a whole was down in the first half of 2019, demand for rental apartment assets

CALGARY (660 NEWS) – Calgary real estate will be seeing minor changes in the coming year, says real estate firm Morguard. Keith Reading with Morgaurd said those changes and struggles seen in 2019 will likely continue into 2020.“I hate to say it, but it’s probably going to be more of the same. Yo

CALGARY — The Calgary area real estate market saw a quiet start to 2019 with a decline of 26 per cent in overall activity compared to the first half of 2018, according to the Calgary Flash Report 2019. The report, released recently by Altus Group, found there were bright spots for the Calgary Ma

Revised governance regulations come into force on January 1, 2020. Hon. Nate Glubish announced the updated condominium regulations that will come into effect January 1, 2020. These regulations have changed from what was planned by the previous administration to roll out July 1, 2019. Minister Gl

Some homes have been sitting empty for years, neighbours say… The community of Bankview is known for its views of downtown Calgary and boasts some pretty coveted — and often pricey — real estate. But some residents say they are tired of being surrounded by a mess that is driving down their prope

Private listings and other alternative sales models are still outliers in Canada’s real estate market, despite an opening up of data on sale prices and listing history. Still, last year’s ruling has ushered more information for consumers into the market and spurred innovation opportunities, said

Calgary area sales rose for the fourth month in a row in October, moving the market closer toward balance, according to the latest data gathered by the city’s realtor association. The Calgary Real Estate Board released earlier this month its market data from October showing year over year sales

Sales on the Calgary MLS System in October were up six percent from September and up 10 percent from October 2018, according to the monthly report from the Calgary Real Estate Board (CREB). New listings continued to decline, from 2,715 in September to 2,375 last month, contributing to a reductio