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February 2009 - Posts

Cooling Real Estate Market in Calgary..

Calgary real estate expected to cool By Mario Toneguzzi, Calgary Herald February 26, 2009 Residential real estate activity should moderate further in 2009 alongside a general weakening in domestic economic conditions, says a research report released Wednesday

Alberta Foreclosures.. Not really such a great deal?

Buyers won't find U.S.-style fire sales on foreclosed homes Last Updated: Monday, February 23, 2009 | 3:02 PM ET In the U.S., properties, such as this house under foreclosure in Oakland, Calif., can be sold for what is owed to the bank, but Canadian

Jan 2009 House Sales Up from Dec 2008

Resale market gathers strength Buyers start to show more interest Marty Hope, Calgary Herald Published: Saturday, February 14, 2009 Maybe it was the weather, maybe it was wanting to start the new year on an optimistic note, or maybe people were just being

Dropping MLS Sales Good News For Prospective Buyers

Home affordability on rise as sales dip Mario Toneguzzi, Calgary Herald Published: Saturday, February 14, 2009 M LS residential sales across the country fell by almost 41 per cent in January compared with a year ago, but affordability improved with average

Canadian Housing Market Continues to Deteriorate

Canada's housing market still in the doldrums Alia McMullen, Financial Post Published: Friday, February 13, 2009 Calgary house prices fell 11.4%, the steepest decline in the city. Canada's housing market continued to deteriorate in January amid

Mortgage Defaults on Rise

Tumbling home values boost mortgage defaults 'We have never seen this many foreclosures' Jason Markusoff, Calgary Herald Published: Thursday, February 12, 2009 More Calgarians are defaulting on mortgages and losing their homes in a toxic stew

Calgary Housing Starts Down in January 2009 from January 2008

Calgary home construction numbers worse than expected UPDATED: 2009-02-09 12:11:49 MST By BILL KAUFMANN, Sun Media checkCookie(); table.microtable a, div.microtable a {letter-spacing: 0.5px; font-family : Arial, Helvetica, sans-serif; color : #F00F2F;

Year over Year comparisons In Calgary Real Estate Market dismal for January 2009

Housing sales plunge in January by 50 per cent over last year Average price drops 9.3% Mario Toneguzzi, Calgary Herald Published: Wednesday, February 04, 2009 Nomatterhowyoulook at it, Calgary's resale housing market took a beating in January compared

Stability in Calgary Housing Prices in January 2009

Tue, February 3, 2009 Calgary home prices remain stable UPDATED: 2009-02-03 02:39:55 MST By MARKUS ERMISCH, SUN MEDIA The average price of a single-family home in Calgary remained largely unchanged last month. The Calgary Real Estate Board said yesterday