Median mortgage debt soars in Calgary and Edmonton

Median mortgage debt soars in Calgary and EdmontonATB Financial’s Economics & Research Team has pulled some interesting data on mortgage debt from Statistics Canada. According to the federal agency, after adjusting for inflation, median mortgage debt in Canada nearly doubled between 1999 and 2016. It went from $91,900 to $180,000 in 2016 constant dollars. But ATB says that for families with a…

Calgary, Edmonton housing most affordable among major centres

RBC report says both cities’ housing markets are on the upswing

Calgary, Edmonton housing most affordable among major centresCalgary and Edmonton continue to be shining lights in comparison to other Canadian cities when it comes to affordability in owning a home. That was evident again on Thursday as RBC Economics released its latest Housing Trends and Affordability Report.  When it comes to the share of income a household would need to cover home…

New home prices fall in Calgary region, flat in Edmonton

StatsCan said builders in 19 of the 27 census metropolitan areas across the country reported flat or lower prices

New home prices fall in Calgary region, flat in EdmontonThe prices for new homes in the Calgary census metropolitan area are falling. On Thursday, Statistics Canada reported that prices were down in the Calgary region 0.6 per cent in April from March and they were off 1.1 per cent from a year ago. In the Edmonton census metropolitan area, prices were flat in April…

Calgary, Edmonton home prices down significantly since late 2014

But elsewhere in the country, prices have continued to climb over the last five years. And national sales activity was up 4.2% in April

Calgary, Edmonton home prices down significantly since late 2014A report released on Wednesday by the Canadian Real Estate Association shows how significant the decline in home prices has been in Calgary and Edmonton following the collapse in oil prices in late 2014. The MLS Home Price Index Benchmark Price of $411,100 in the Calgary region in April was down 4.95 per cent year…

Calgary and Edmonton repeat home sale prices drop significantly

April prices down 7.32 per cent in Calgary from their peak in October 2014; down 5.99 per cent in Edmonton from their peak in September 2007.

Calgary and Edmonton repeat home sale prices drop significantlyPrices for repeat home sales in both Calgary and Edmonton are down significantly from their peaks, according to the latest Teranet–National Bank National Composite House Price Index. The report, which was released Tuesday, said prices in April were down 7.32 per cent in Calgary from their peak in October 2014. In Edmonton, prices were down…

PropertyGuys.com expanding into the Alberta market

Company also plans to expand into Ontario, British Columbia, Manitoba, Saskatchewan and the U.S. East Coast

PropertyGuys.com expanding into the Alberta marketPropertyGuys.com, North America's largest private home sale network, is expanding into Alberta, targeting the Calgary, Edmonton and Fort McMurray markets. The company said it also plans to expand into Ontario, British Columbia, Manitoba, Saskatchewan and the U.S. East Coast. “With 83 units already in Canada, the company has announced rapid plans for growth in 2019…

Calgary region housing starts down, Edmonton’s up, in April

Edmonton multi-family starts up 48% to 546 units, according to CMHC

Calgary region housing starts down, Edmonton’s up, in AprilHousing stars in the Calgary region plunged in April as both the single-detached and the multi-family markets saw a decrease in activity compared with a year ago. Statistics released on Wednesday by Canada Mortgage and Housing Corp. showed there were 254 single-detached starts for the month in the Calgary census metropolitan area. That was down…

Calgary, Edmonton housing markets moderately vulnerable

Oversupply remains a problem in both markets, according to CMHC

Calgary, Edmonton housing markets moderately vulnerableThe degree of vulnerability for the Calgary and Edmonton region housing markets remains “moderate,” according to a Housing Market Assessment released on Thursday by Canada Mortgage and Housing Corp. The federal agency monitors housing markets across Canada in four areas: overheating, price acceleration, overvaluation and overbuilding. CMHC defines vulnerability as imbalances in the housing market.…

Calgary home prices fall, Edmonton’s rise

Edmonton prices climbed slightly in March, according to the report from Teranet–National Bank

Calgary home prices fall, Edmonton’s riseThe prices of homes in the Calgary market continue to take a beating. The Teranet–National Bank National Composite House Price Index, released on Friday says Calgary has gone through nine straight months without a rise in prices for repeat home sales, as of the end of March. In fact, Calgary prices fell by 0.52 per…

New home prices down slightly in Edmonton, flat in Calgary

Year over year, prices in the Calgary region are down 0.8% and off by 0.4% in the Edmonton region: StatsCan

New home prices down slightly in Edmonton, flat in CalgaryNew house prices fell slightly in the Edmonton region while remaining flat in the Calgary region in February, says a new report released on Thursday by Statistics Canada. The New Housing Price Index indicated that prices in the Edmonton census metropolitan area dropped by 0.1 per cent month over month. Across Canada, average prices were…