Low degree of vulnerability for Calgary housing market: CMHC

But the Calgary CMA is showing “moderate evidence of overbuilding as new home inventories continue to grow among weaker economic drivers.”

Low degree of vulnerability for Calgary housing market: CMHCA report released Monday by Canada Mortgage and Housing Corporation says the Calgary region housing market is showing a low degree of vulnerability. But Michael Mak, Senior Analyst, Economics with the CMHC, said the Calgary CMA is showing “moderate evidence of overbuilding as new home inventories continue to grow among weaker economic drivers.” The CMHC’s…

Great value in Bearspaw luxury home listing for $5.2 million

Property Spotlight with Mario Toneguzzi: Check out this absolutely stunning home listed for sale in Bearspaw for $5.2 million. The massive property has numerous features providing great value for potential buyers

Property Spotlight with Mario Toneguzzi: Check out this absolutely stunning home listed for sale in Bearspaw for $5.2 million. The massive property has numerous features providing great value for potential buyers. Complete listing here: https://bit.ly/3ca1xON Be our Next Guest on Property Spotlight: Click on the icon below to book a call: Click on the icon below…

Spike experienced in new home prices in Canada

The Calgary CMA saw prices decline by 0.1 per cent from the previous month and by 1.2 per cent from a year ago. In the Edmonton CMA, prices were flat month-over-month but down 0.7 per cent year-over-year

Spike experienced in new home prices in CanadaPrices for new homes increased for the fourth consecutive month, rising 0.5 per cent nationally in August, marking the largest monthly increase for new home prices at the national level since May 2017, according to Statistics Canada.  “New home prices rose in most of the 27 census metropolitan areas (CMAs) on increasing demand for single-family…

Investment in Canadian building construction increases

“Construction activity has rebounded in the last few months, with investment in building construction remaining slightly lower than February 2020 levels, before COVID-19 construction restrictions were first put in place.”

Investment in Canadian building construction increasesTotal investment in building construction in Canada increased 1.8 per cent to $15.1 billion in July, according to Statistics Canada. The federal agency reported Monday that the residential sector investment increased 4.9 per cent to $9.9 billion, while non-residential investment decreased 3.7 per cent to $5.3 billion.  “Construction activity has rebounded in the last few…
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