Canadian Mortgage Broker News - Alberta housing starts jump up in July


Canadian Mortgage Broker News - Alberta housing starts jump up in July

Alberta housing starts jump up in July



Tuesday, 24 August 2010

Alberta's total housing starts in July were up 61.5 per cent over last year for the same month, according to the Canada Mortgage and Housing Corporation.

But it is doubtful a real estate boom is back. "This streak will likely end in Calgary," said Richard Cho, a senior market analyst for the Calgary branch of CMHC. He predicts a slowdown because of the high listings availability for resale and rising interest rates.

In most of Alberta's larger cities, construction started on 2,348 homes in July, compared to 1,454 in July 2009. Only Lethbridge and Red Deer saw a decrease.

Comments

Post a Comment

Popular posts from this blog

Edmonton Real Estate Market is in BIG TROUBLE

Image
Well don't let anybody blow smoke up your a#* these days about Real Estate.....The fact of the matter is that it is in a very worrysome state.  Inventory is at a record high and that spells out BUYERS market in a big way!  If you are selling the world is not over but just become more difficult, you must have at least 3 of 4 of the following keys to selling an Edmonton home. 1) Awesome Place (location)- you need people to be currently shopping in your area 2)Great Product (look and feel) - -buyers need to gravitate to to it starting from the outside look and feel as well as a clean and attractive interior. 3)Great Promotion(exposure)- First off you need the most exposure possible, so a Real Estate agent is vital so that it goes onto sites like http://www.realtor.ca/ , http://www.mls.ca/ and http://www.premierteam.ca/ ***Best part is you only pay if it sells and you don't need to pay $500 to $1,000 to a private sale company and hope it sell because you alrea...
Read more

Real estate investor bets on Edmonton

Image
Real estate investor bets on Edmonton Rising interest rates, tighter mortgage rules and worries of another housing bubble make it a bad time to invest in real estate, right? Not so, says Don Campbell, president of the Real Estate Investment Network and bestselling author, who's just released his fourth book on property investment. "If you're buying a mutual fund or a stock, you have no control," Campbell said. "With real estate, you can buy it and add value. You can live in it, you can rent it out and most importantly, right now, for every one dollar you put into the market of your own you're going to be playing with four or five dollars because of the banks, and as long as you've purchased a positive-cash-flow property -- it takes care of itself. "Your mortgage slowly gets paid down. Rent puts income into your pocket and you're leveraged." He calls Edmonton an especially promising place to invest and puts his money where his mo...
Read more