House prices continue to fall in Calgary/Edmonton regions

The benchmark price fell by 2.37 per cent in Calgary and by 2.36 per cent in Edmonton in October from year ago levels.

House prices continue to fall in Calgary/Edmonton regionsHome prices continue to fall in Calgary and Edmonton, according to the latest monthly report by the Canadian Real Estate Association. In a report released Friday, the association said the benchmark price - which is the price of a typical home in the market - fell by 2.37 per cent in Calgary and by 2.36…

Edmonton multi-family home market sluggish

Urban Analytics report says price reductions or price-reducing incentives may be needed

Edmonton multi-family home market sluggishDespite recording a 43 per cent sales increase in the second quarter of 2019, the Edmonton multi-family home market experienced a 20 per cent drop in total sales in the third quarter of the year, says a new report by real estate research firm Urban Analytics. “While Edmonton’s new multi-family home market was able to…

Housing starts on the rise in Calgary, Edmonton

Across Alberta, single-detached starts were up 11%, according to CMHC

Housing starts on the rise in Calgary, EdmontonThere was good news in the Calgary and Edmonton region homebuilding industry in October as housing starts were on the rise during the month. A report by Canada Mortgage and Housing Corp. indicates that single-detached starts of 282 were three per cent higher than a year ago and ‘all other’ starts jumped by 30 per…

Labour markets shift in Calgary, Edmonton

StatsCan says the Alberta unemployment rate rose from 6.6 to 6.7% but 7,700 jobs were gained in October

Labour markets shift in Calgary, EdmontonData released by Statistics Canada says the number of jobs in the Calgary census metropolitan area fell by 2,900 in October from September, but they were up 40,500 on an annual basis. The region’s unemployment rate also rose from 7.1 per cent in September to 7.2 per cent in October. The Edmonton census metropolitan area…

Calgary, Edmonton repeat home sale prices still falling

Calgary, Edmonton repeat home sale prices still fallingPrices for repeat home sales in Calgary and Edmonton remain close to six per cent down from their peaks, according to a report released on Thursday. The Teranet–National Bank National Composite House Price Index indicated that in August, prices in Calgary were down 5.9 per cent from their peak in October 2014. In Edmonton, they’ve…

Calgary, Edmonton renters’ rent-to-income ratio high

Report says the average rental rates declined in Canada for the second month in a row after two straight months of increases

Calgary, Edmonton renters’ rent-to-income ratio highCalgary is in the middle of the pack for rental rates in Canada, according to a new report. The city sat 17th on the list of 30 cities for average monthly rent for a one-bedroom home at $1,242 and 19th for average monthly rent for a two-bedroom at $1,479. The September National Rent Report was…

Huge gap in Calgary, Edmonton benchmark home prices

CREA says the average price of a home in Alberta will dip 2.3% this year to $378,000 and drop again by 1.2% in 2020 to $373,700

Huge gap in Calgary, Edmonton benchmark home pricesHow big are the differences in home prices between Alberta’s two biggest cities? Data released on Monday by the Canadian Real Estate Association shows there is an almost $100,000 difference in the benchmark prices of homes in Calgary and Edmonton. The MLS benchmark price – which is considered to be that of a typical home…

Edmonton’s new home price decline highest in nation

Edmonton’s new home price decline highest in nationThe Edmonton census metropolitan area reported the largest price decrease in the nation in July for new homes, according to Statistics Canada. The federal agency said on Thursday that prices in the Edmonton region fell by 0.8 per cent from June “with builders offering promotions and cash rebates to stimulate sales.” “Canada Mortgage and Housing…

Home prices per square foot fall in both Calgary and Edmonton

Prairie house prices remain generally affordable compared to other provinces

Home prices per square foot fall in both Calgary and EdmontonA nationwide study conducted by CENTURY 21 Canada reveals that real estate prices per square foot have fallen sharply in Calgary and Edmonton in the past year. The report said a house in Calgary has dropped from $293 per square foot last year to $282 per square foot this year. The condo price has fallen…

Turning insurance into a relationship business

Dana Bouwman of Insight Insurance and Risk Management in Edmonton talks about how to build and sustain a client list

Turning insurance into a relationship businessDana Bouwman is account executive at Insight Insurance & Risk Management in Edmonton. Tell me a little bit about what you do? How and why did you get involved in this career? Bouwman: I facilitate liability and property insurance programs for mid-sized companies. Specifically, I focus on construction, manufacturing, and tech companies that have $10-plus-million…
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