Alberta universities in hot zones for real estate investment

REIN report intended to help investors make the most out of the ‘colossal’ demand for student housing

Alberta universities in hot zones for real estate investmentThree Alberta universities rank in the top five nationally as “hot zones” in a new real estate investment report. For the first time, the report looks at how university campuses influence real estate rents, prices, values and investment potential upward. The inaugural University Effect: A Report for Rental Housing Providers was released by the Real…

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…

Calgary, Edmonton housing starts head in opposite directions

Calgary was down 16 per cent; Edmonton up six per cent

Calgary, Edmonton housing starts head in opposite directionsData out Tuesday from Canada Mortgage and Housing Corp. shows an interesting difference in housing starts between the Calgary and the Edmonton regions. The federal agency reported that the Calgary census metropolitan area had 337 single-detached starts in August, which was down 16 per cent from a year ago. The “all others” category, which includes…

Edmonton commercial real estate investment down significantly

Edmonton commercial real estate investment down significantlyThe level of investment in Edmonton’s commercial real estate industry in the first half of this year is down significantly compared with a year ago. A new report by Altus Group, a leading provider of software, data solutions and independent advisory services to the commercial real estate industry, said close to $419 million in commercial…

Calgary, Edmonton repeat home sale prices significantly off peaks

Calgary, Edmonton repeat home sale prices significantly off peaksThe latest Teranet–National Bank National Composite House Price Index indicates Calgary and Edmonton prices for repeat home sales remain significantly off their peaks. The index says Calgary prices are down 6.43 per cent from their peak in October 2014 while Edmonton prices have dropped 5.8 per cent from their peak in September 2007. Nationally, the…

House prices still depressed in Calgary and Edmonton

House prices still depressed in Calgary and EdmontonHouse prices in the Calgary and Edmonton regions continue to fall. Data released on Thursday by the Canadian Real Estate Association shows benchmark house prices for the two Alberta cities declined in July. The benchmark price of $416,100 in Calgary was down 0.05 per cent from the previous month and off by 3.53 per cent from…