31Jan/12Off
A Bubble By Any Other Name…
Don’t call it a bubble, it’s a balloon. Unlike the US housing market crash, Canada’s housing market is expected to deflate slowly rather than pop, according to BMO chief economist Sherry Cooper. However, as economic analyst Ben Rabidoux tweeted, “Interestingly, … Continue reading
31Jan/12Off
Desjardins: A Vancouver/TO Correction Could Spill Over
A report released by Desjardins, the largest cooperative financial group in Canada, states that real estate market is raising concerns. Although the chances of a housing market collapse remains relatively remote, they present a number of factors that make it likely we’ll see … Continue reading
30Jan/12Off
Mortgages in Arrears Level Drops Again
The amount of residential mortgages in arrears by three or more months in Alberta dropped for the 10th straight month in November according to statistics released by the Canadian Bankers Association today. In November 2011, there were 3,757 Albertans behind … Continue reading
30Jan/12Off
BMO: Housing Market A “Balloon”, Not A “Bubble”
Yet another report out by BMO reassuring Canadians the housing market is fine and will just “cool rather than crash,” likening it to a balloon with a small amount of air slowly escaping. They assert that the housing boom will more likely … Continue reading
29Jan/12Off
January 1-28, 2012 Calgary Real Estate Update
January has shaped up to be relatively flat compared to 2011. Average prices for both SFH and condos are down but that’s simply because the luxury market hasn’t matched last years levels yet. Between January 1-28 there were 693 single … Continue reading
27Jan/12Off
BMO: CMHC Is Solid
In their most recent weekly financial digest, BMO economist Sherry Cooper adamantly states that the financial strength of Canada’s mortgage insurer, CMHC, is solid. CMHC is fully funded and strong enough to withstand any reasonable (though improbable) stress test. In addition, CMHC … Continue reading
26Jan/12Off
CIBC: Looking Beyond the Debt-to-Income Ratio
A new report by CIBC looks beyond the debt-to-income ratio of Canadians to assess how we really are doing financially. Indeed, using simply the debt-to-income ratio to gauge the well-being of finances isn’t enough as there are some other countries … Continue reading
25Jan/12Off
CIBC: ‘Soft Landing’ Will Still Impact Economy
In a new report out today, CIBC says that “even if house prices land softly, the impact on the economy in general, and construction jobs in particular, will be far from gentle.” CIBC still reiterates that a housing market crash is not foreseen, … Continue reading
25Jan/12Off
House Price Index (HPI): November 2011
For the 3rd straight month, Calgary home prices saw month-over-month declines according to the Teranet-National Bank House Price Index. Between October and November, Calgary’s HPI fell -1.6%, the largest drop of the municipalities tracked. Year-over-Year, house prices were up … Continue reading
23Jan/12Off
MLS® Housing Price Index (HPI) Launching February 2012
Back in September, you first read about a national HPI that was to be launched in 2012. We’re happy to say that the MLS® Housing Price Index (HPI) is coming to Calgary in February, as part of a nationwide rollout … Continue reading