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November 2008 - Posts

Slow down of resale homes continues

Resale housing activity in Canada recorded it largest month-over-month seasonally adjusted sales total in more than a dozen years, according to an industry report. The number of properties sold through all real estate boards in Canada declined in October,

Strong Home Buying Intentions in Canada

Homebuying intentions holding steady in Canada Marty Hope, Calgary Herald Published: Saturday, November 22, 2008 As house prices decline and mortgage rates remain low, homebuying intentions among Canadians are holding steady, says a national survey. Despite

Continuing Decline in MLS Home Sales in October.

MLS home sales in October drop 14% Last Updated: Friday, November 14, 2008 | 12:51 PM ET CBC News Canadian homebuyers "battened down the hatches" in October, with the number of properties sold through the Multiple Listing Service falling 14

Positive Outlook for Canadian Housing Market in 2009

News Story Cautious attitude helps Canadian housing market in 2009: survey By Ottawa Business Journal Staff Tue, Nov 11, 2008 4:00 PM EST The Canadian real estate market will be shielded in 2009 by the more cautious behaviour exhibited by industry players

Housing Starts in Canada will continue to decrease in 2009..

Housing construction slump will be deep, widespread: Reports Eric Beauchesne, Canwest News Service Published: Tuesday, November 11, 2008 OTTAWA - The slump in housing construction starts in Canada next year will be widespread and will be deeper than is

Reality Check in Alberta

Commentary Snap out of it, Alberta TODD HIRSCH From Wednesday's Globe and Mail November 4, 2008 at 11:29 PM EST Sometimes what you need is a good old-fashioned slap in the face. In the 1987 movie Moonstruck , a great scene had Cher slap Nicolas Cage

Rising Listings..Declining Sales in Calgary's Home Market

Homes for sale rise as total sold declines Marty Hope, Calgary Herald Published: Saturday, November 08, 2008 After a decline that stretched over four months, the inventory of resale homes nudged up in October while sales continued to drift lower, says

Worrisome Condo Sites for City of Calgary

Inactive condo sites worry city Abandoned properties called a safety risk Tamara Gignac, Calgary Herald Published: Saturday, November 08, 2008 The city is stepping in to seal empty construction pits from the public as soaring costs force a number of Calgary

Slump felt in Rural Housing Market

Rural housing slumps Real estate prices, sales in retreat Mario Toneguzzi, Calgary Herald Published: Thursday, November 06, 2008 MLS sales and average prices in housing markets outside the Calgary area are following the same pattern as the city -- sales

Continuing Decline in Calgary House Sales

Calgary house sales plunge in October Mario Toneguzzi, Calgary Herald Published: Monday, November 03, 2008 CALGARY - MLS sales in Calgary metro for condos and single-family homes plunged in October compared with a year ago - a trend that has continued

Calgary Builders' Regrouping?

Builders get ready to heal cuts and bruises Industry looking ahead to future Marty Hope, Calgary Herald Published: Saturday, November 01, 2008 Far from waving the white flag of surrender, Calgary's housebuilding industry will start regrouping in preparation

"Balance Returning to Calgary's Real Estate Market?"

Sales and listings gap narrows in Calgary Experts see signs of return to balance for resale housing Marty Hope, Calgary Herald Published: Saturday, November 01, 2008 The gap between sales and listings of used homes is narrowing in Calgary, a sign that

Slow Down Felt for Condo Projects

Condo projects feeling pinch as economy slows Calgary housing market plunges from year ago Mario Toneguzzi, Calgary Herald Published: Saturday, November 01, 2008 Investors in the condominium real estate market are taking their lumps in the wake of a correction