Newcomers to Alberta boosting real estate demand

Projected to purchase 76,000 homes in the region over the next five years at the current rate of international migration: Royal LePage

Newcomers to Alberta boosting real estate demandAlberta attracts approximately eight per cent of Canada's international migration and 45 per cent of newcomers buy a home, says a new report by Royal LePage. The residential real estate company said the newcomers are the most likely to believe that homeownership is a good financial investment (90 per cent). And they represent 18 per…

Alberta rents among the most affordable in Canada: report

Alberta rents among the most affordable in Canada: reportAlberta cities are among the least expensive when it comes to residential rental property in the country, according to a new report. The average Canadian property was listed for $1,954 per month in September just topping the previous high-water mark for the year of $1,953 in June, according to the October National Rent Report produced…

Commercial real estate firm Cresa opens Edmonton office

Cresa is the world’s largest commercial real estate company

Commercial real estate firm Cresa opens Edmonton officeCresa, the world’s largest commercial real estate company that exclusively represents tenants and occupiers of space, has expanded its presence in Canada with a new office in Edmonton. “This is a great move for us. Cresa provides a platform of exclusive tenant representation, integrated services and belief in unwavering advocacy for their clients. By creating…

Real Estate Council of Alberta “dysfunction” coming to an end?

'For too long, serious concerns and complaints from industry and from council officials themselves have been ignored. That stops now"

Real Estate Council of Alberta “dysfunction” coming to an end?The Alberta government announced Wednesday The Real Estate Amendment Act 2019 which it says will bring an end to “ongoing dysfunction” with the Real Estate Council of Alberta by reforming governance of Alberta’s real estate regulator. The Ministry said the amendments address serious address serious concerns raised by real estate professionals, buyers, sellers and regulatory…

Top 6 most affordable cities to buy a house

Study on affordable cities to buy a house says Regina, Saskatoon, Winnipeg, Halifax-Dartmouth, Calgay and Edmonton are the top six

Top 6 most affordable cities to buy a houseJust how feasible would it be for a household on a median income to purchase real estate in Canada? According to a new study by Zoocasa of 15 major urban centres across the country, such a household would be able to afford the local benchmark-priced home in their region in a total of eight markets,…

Alberta’s rebound building on construction growth

Residential construction in the province was up by 4.1 per cent in July compared to June

Alberta’s rebound building on construction growthThere are encouraging signs that Alberta’s economy may have hit bottom and is in early recovery. Alberta Treasure Branch reports that investment in residential construction in the province was up by 4.1 per cent in July compared to June, on a seasonally adjusted basis. Although it remains well below where it was a year ago,…

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…

Alberta Real Estate Association creates interactive online tool

Incorporates more than 18 years of resale housing information to help buyers and sellers better understand the market

Alberta Real Estate Association creates interactive online toolThe Alberta Real Estate Association has created a new interactive tool to help buyers and sellers of homes in the province have a better understanding of the market. AREA said its housing statistics dashboard on its website incorporates more than 18 years of resale housing information. “Most people have an interest in the housing market…

Alberta first-time home buyers most optimistic in the country

First-time home buyers may believe that market conditions are favourable, but it's important to make sure that carrying costs are sustainable

Alberta first-time home buyers most optimistic in the countryFirst-time home buyers generally have a positive outlook on the housing market with Albertans the most optimistic, according to a new survey released by BMO on Tuesday. "While first-time home buyers believe that market conditions are favourable for buyers, it's important to make sure that carrying the costs are sustainable," said Hassan Pirnia, Head, Personal…

Asking rents in Alberta increased in July

Asking rents in Alberta increased in JulyAsking rents in Alberta increased in July for the second straight month, following two months of decline, according to the August national rent report produced by Rentals.ca and Bullpen Research & Consulting. In July the average monthly rent in Calgary for a two-bedroom home was $1,487 (up 0.6 per cent), while it was $1,303 for…
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