Sep 16, 2015 | Housing market, Interest rates
The word “recession” can sometimes cause us to sit back and worry about the state of the Canadian economy, the stock market, real estate prices, and our job security. A recession is generally defined as 2 successive quarters of decline in gross domestic product (the...
Jul 17, 2015 | Housing market, Interest rates, Mortgages
The Bank of Canada cut its key interest rate by a quarter of a percentage point earlier this week. This is the second rate reduction this year (the reduced it by the same amount in January). The current rate is 0.5%. The big banks will likely resist lowering their...
Jul 10, 2015 | Housing market
Home construction in the Lethbridge area is on the rise, the opposite of what most of Alberta is experiencing. CMHC recently released a report that indicated that the City of Lethbridge and Lethbridge County saw 455 homes started in the first 6 months of 2015, up from...
May 6, 2015 | Home ownership, Housing market
Once you figure out what you can afford to pay for a house and obtain a pre‐qualified mortgage, you’re ready to start searching. There are a variety of sources you can use to find the home that is right for you. Here are just 6: 1. Word of mouth By telling everyone...
Mar 26, 2015 | Housing market, Mortgages
Winter is finally over, and the spring real estate market is upon us. Demand for housing is still strong, and fears of a bubble seem to be old news now. As mentioned in CMHC’s recent National Housing Outlook: Overall, despite the uncertainty surrounding recent oil...
Feb 11, 2015 | Housing market, Lethbridge
Canada Mortgage and Housing Corporation announced earlier this week that housing starts in the Lethbridge area are already off to a good start for 2015. Developers started 32 units last month (including single family and multifamily units), compared to only 26 in...
