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August 2008 - Posts

Saturday, August 23, 2008 8:53 PM

Mortgage Rule Changes

New rules to hinder loan options, say respondents Chuck Chiang, Calgary Herald Published: Saturday, August 23, 2008 A significant portion of Canadians -- especially those who currently don't own a home and may lean towards condos as their first purchases
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Saturday, August 23, 2008 8:18 PM

Confirmation of Balanced Housing Market

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Saturday, August 23, 2008 7:19 PM

Condo Troubles...

Costs halt condo project, Homebuilder cutting 50 jobs: Mario Toneguzzi, Calgary Herald Published: Saturday, August 23, 2008 The cooling of Calgary's once red-hot economy continued Friday with construction of a high-profile multimillion-dollar Beltline
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Friday, August 22, 2008 9:26 PM

Unfortunate news for Calgary Condo Builder's and Buyers'

Builder halts Beltline condominium project Mario Toneguzzi, Calgary Herald Published: Friday, August 22, 2008 CALGARY - Construction of a high-profile multi-million dollar Beltline residential condominium project, which included two towers at 26 and 30
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Friday, August 22, 2008 7:29 PM

Return to a normal/balanced market?

Fri, August 22, 2008 Stampede City remains a home-buyer's market UPDATED: 2008-08-22 03:40:12 MST By Myke Thomas Economic and housing experts have been predicting for almost a year the Calgary housing market was on its way to returning to normal or
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Thursday, August 21, 2008 2:57 PM

Weaker economy helps Canadian Homebuyers

Weakness in Canadian economy helping homebuyers courtesy of Garry Marr, Canwest News Service Published: Wednesday, August 20, 2008 There is some good news in the falling housing market, affordability is improving. Desjardins Economic Studies says that
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Tuesday, August 19, 2008 9:08 PM

Decline in Calgary's Household finances....

See article below courtesy of the Calgary Herald... Keep in mind we are in NO certain terms in the position of what is currently happening in the US housing market. Our economy is still strong and we are just seeing a correction in the markets. What is
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Monday, August 18, 2008 12:31 PM

Home Staging Advice!

Courtesy of Patricia Hancock Mortgage Specialist Bank of Montreal Cell Ph:403-461-2993 Phone: 403-503-2276 Fax: 403-503-7727 E-mail: patricia.hancock@bmo.com BMO Happy Homeowners podcast offers advice on home staging and renovation Tips on how to raise
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Monday, August 18, 2008 12:22 PM

Calgary's Economy Still Going Strong!

Courtesy of Alberta Index, August 18th, 2008 CITY: Calgary’s economy growing at "more sustainable, less inflationary" 3.3% to 3.8% rate There’s no doubt that Calgary’s economy is slowing down after several years of breakneck
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Monday, August 18, 2008 12:15 PM

Real Estate Surplus in Canada?

No real estate surplus in Canada: report Mario Toneguzzi, Calgary Herald There is "scant evidence" of a significant supply overhang in Canada's residential real estate market in contrast to what's happening in the United States, says
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Saturday, August 16, 2008 9:21 PM

No Housing Collapse in Canada!!

Great Article on the state of Canada's housing market which is correcting itself and still looking strong.... Once again I contend it's a great time for buyers to get out and start looking for homes. Lots of selection and a soft market = success
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Saturday, August 16, 2008 9:14 PM

Calgary Condo migration..boom... or bust?

Builder refuses to use 'cattle call' Richard White, Calgary Herald Published: Saturday, August 16, 2008 The following is part of an ongoing series on Calgary's condo developers, published each month. A decade ago, I often heard Calgarians
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Saturday, August 16, 2008 9:07 PM

City of Calgary Gouging Homeowners?

Published in the Calgary Hearald Saturday Aug. 16, 2008 Proposed city tax looms over buyers Council set to ask for real estate transfer tax Marty Hope, Calgary Herald Published: Saturday, August 16, 2008 The fact it's even being considered again is
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Thursday, August 14, 2008 7:56 PM

Calgary Condo Market soon to crash????

courtesy of ctvcalgary.ca Condo market cool down Hundreds of millions of dollars worth of Calgary's condo real estate market is in jeopardy. The Home Builders Association says oversupply and speculators pulling out of the market could cause projects
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Thursday, August 14, 2008 7:51 PM

Potential home buyers unhappy with mortgage changes

See article by Financial post in regards to a survey conducted.. Many Canadians oppose tougher mortgage rules But then again, many don't understand them, says survey Eric Beauchesne, Canwest News Service Published: Wednesday, August 13, 2008 OTTAWA
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Thursday, August 14, 2008 7:44 PM

Falling prices in Alberta... Great news for home buyers!

See the article published by the Financial Post in regards to Alberta's housing price drop. In my opinion we are going back to a stable market and now is a great time for buyers to start getting into the market. Alberta leads national drop in home
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Tuesday, August 12, 2008 2:23 PM

Tons of listing in Calgary Market, fewer new home starts

New home prices flat amid glut of listings Geoffrey Scotton, Calgary Herald Published: Tuesday, August 12, 2008 The price of new Calgary residences has flattened as the pace of construction of new homes continues to slow sharply, dropping 19 per cent
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Tuesday, August 12, 2008 2:20 PM

Calgary New home sales slowing?

New home sales slow UPDATED: 2008-08-12 02:14:09 MST Single-family starts down 46% from last year By MARKUS ERMISCH, SUN MEDIA checkCookie(); It's not a sudden, whiplash-inducing stop, but Calgary's real estate market continues to tap on the brakes
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Saturday, August 09, 2008 5:35 PM

Open House in Tuscany- 2106, 10221 Tuscany BV Sunday Aug 10 1:00pm-4:00pm

thanks to all who came by my open house in Tuscany today at 2106, 10221 Tuscany BV. I will be sitting another Open House there tommorrow from 1-4. I will also have Pat Hancock a Bank of Montreal Mobile Mortgage Specialist on hand to answer any of your
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Saturday, August 09, 2008 5:28 PM

Potential Buyers in Calgary on Holidays?

Resale housing market takes summer holiday Potential buyers taking their time to purchase Marty Hope, Calgary Herald Published: Saturday, August 09, 2008 At least there is something normal about the resale market -- the number of new listings is levelling
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Friday, August 08, 2008 6:29 PM

CREB comments on Merril Lynch Analysts claims, Calgary's Real Estate Market is still overvalued.

CTV- Calgary had a great report on Crebs reaction to the Globe and Mails report on the continuing over-valued market in Calgary. It is quite interesting. What are your thoughts? Calgary houses overvalued Updated: Fri Aug. 08 2008 18:34:12 var byString
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Friday, August 08, 2008 7:48 AM

Slump in housing market to continue?

Great article in today's Globe and Mail on the real estate markets in the west. Let me know if you agree? Housing slump stalks Western Canada Major cities in Saskatchewan, Alberta and B.C. are overvalued by 10 per cent, economists say as key construction
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Monday, August 04, 2008 6:17 PM

Market Conditions

What are your thoughts as buyers or sellers out there looking at the calgary market at this time?
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Monday, August 04, 2008 9:52 AM

Calgary condo prices dip in July

Sat, August 2, 2008 City condo costs drop $18K UPDATED: 2008-08-02 03:15:34 MST CREB president says newly completed buildings contributing to market's reduced prices By MARKUS ERMISCH, CALGARY SUN; SUN MEDIA checkCookie(); Average condominium prices
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Monday, August 04, 2008 8:22 AM

Falling House Prices in Calgary Market! GOOD NEWS?

Silver lining seen as house prices fall Analyst sees turnaround by 2009 Geoffrey Scotton, Calgary Herald Published: Saturday, August 02, 2008 Calgary home prices continued a downward trend in July, with the average take on the sale of a single-family
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