Oct 22, 2014 | Housing market, Interest rates, Mortgages
It turns out that referring to Canada’s housing market as a bubble may have been an exaggeration. Brian Porter, Bank of Nova Scotia’s CEO recently stated, “Bubble is perhaps the most overused word since the global financial crisis”. He goes on to add; “Canadian...
Oct 8, 2014 | Home ownership, Housing market
Earlier this week, Lethbridge and District Association of REALTORS issued their MLS Statistic Report for September. Here are some highlights from that report. September 2014 Sector Listings Sales S/L Ratio Avg. sale price Northside 38 25 65% $212,120 Southside 47 42...
Sep 3, 2014 | Development, Housing market
Edmonton city council is considering adjusting resident zoning in some of its older, well-established neighbourhoods to increase infill housing. The changes could see 50-foot lots being subdivided into 25-foot lots, encouraging a more diverse housing mix, including...
Jul 23, 2014 | Housing market
Summer is typically a slow time for the Canadian housing market, but there are no signs of it slowing down this summer. The market’s strength keeps taking economists by surprise, fuelled by Canadians’ growing appetite for home ownership. Conditions are ripe in the...
Jul 16, 2014 | Housing market
CMHC released last week an update for housing starts in Alberta, and Lethbridge is ahead of where it was this time last year. At the end of June last year, Lethbridge saw 46 single family homes and 6 multi-family homes started. At the end of last month, those numbers...
Jul 2, 2014 | Housing market, Lethbridge
Earlier this week, Lethbridge and District Association of REALTORS issued their MLS Statistic Report for June. Here are some highlights from that report. June 2014 Sector Listings Sales S/L Ratio Avg. sale price Northside 62 33 53% $203,198 Southside 67 56 83%...
