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…

Calgary region sees largest decline in new home prices

Calgary region sees largest decline in new home pricesIn August, Calgary (-2.2 per cent) and Regina (-2.1 per cent) posted the largest year-over-year declines in new house prices for the third month in a row, says Statistics Canada. “Elevated housing inventory levels continued to affect new house prices in both CMAs. Canada Mortgage and Housing Corporation reported that single-family housing starts declined year…

Calgary, Edmonton home prices continue to slide

Sales activity in Calgary has increased as buyers take advantage of lower prices, according to Royal LePage

Calgary, Edmonton home prices continue to slideThe inventory of homes for sale has tightened as home buyers take advantage of Calgary's affordability. And in Edmonton, home prices are declining as the market correction continues, according to the Royal LePage House Price Survey released on Thursday. The report said the aggregate home price in Calgary decreased 4.3 per cent year over year to…

Edmonton, Calgary housing starts jump in September

Edmonton, Calgary housing starts jump in SeptemberSome impressive numbers were released on Tuesday indicating that September was a good month for homebuilders in the Calgary and Edmonton regions. According to statistics from Canada Mortgage and Housing Corp., the Edmonton census metropolitan area saw single-detached housing starts of 403 for the month, up nine per cent year over year. The ‘all other’…

Calgary, Edmonton lead major markets for housing affordability

RBC report shows the proportion of pre-tax household income that would be required to buy a home across the country

Calgary, Edmonton lead major markets for housing affordabilityA new report by RBC Economics shows that Calgary and Edmonton are the most affordable housing markets of major centres in the country. The bank’s Housing Trends and Affordability report indicates that the two Alberta cities have the lowest percentage share of income a household would need to cover homeownership costs. The RBC Housing Affordability…

Alberta universities in hot zones for real estate investment

REIN report intended to help investors make the most out of the ‘colossal’ demand for student housing

Alberta universities in hot zones for real estate investmentThree Alberta universities rank in the top five nationally as “hot zones” in a new real estate investment report. For the first time, the report looks at how university campuses influence real estate rents, prices, values and investment potential upward. The inaugural University Effect: A Report for Rental Housing Providers was released by the Real…

Calgary, Edmonton repeat home sale prices still falling

Calgary, Edmonton repeat home sale prices still fallingPrices for repeat home sales in Calgary and Edmonton remain close to six per cent down from their peaks, according to a report released on Thursday. The Teranet–National Bank National Composite House Price Index indicated that in August, prices in Calgary were down 5.9 per cent from their peak in October 2014. In Edmonton, they’ve…

Calgary, Edmonton renters’ rent-to-income ratio high

Report says the average rental rates declined in Canada for the second month in a row after two straight months of increases

Calgary, Edmonton renters’ rent-to-income ratio highCalgary is in the middle of the pack for rental rates in Canada, according to a new report. The city sat 17th on the list of 30 cities for average monthly rent for a one-bedroom home at $1,242 and 19th for average monthly rent for a two-bedroom at $1,479. The September National Rent Report was…

Huge gap in Calgary, Edmonton benchmark home prices

CREA says the average price of a home in Alberta will dip 2.3% this year to $378,000 and drop again by 1.2% in 2020 to $373,700

Huge gap in Calgary, Edmonton benchmark home pricesHow big are the differences in home prices between Alberta’s two biggest cities? Data released on Monday by the Canadian Real Estate Association shows there is an almost $100,000 difference in the benchmark prices of homes in Calgary and Edmonton. The MLS benchmark price – which is considered to be that of a typical home…
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