Economics of Buying vs Renting

September 20th, 2018
This article in Canadian Real Estate Wealth grabed my attention:

It is by Will Dunning of Mortgage Professionals Canada

The Coles notes version says that owning in Canada is becoming more advantageous in the long run than renting.

I would say that for the Calgary market this will be doubly true if Canada can get one or two pipelines built!


The full article can be found here:  https://bit.ly/2xpQm ...

House Price Index - Calgary

September 12th, 2018
Summary of the House Price Index in Calgary (HPI) This shows that with some selected exceptions the house prices in Calgary have remained relatiavely constant over the last two years.

For this to change, we need those pipelines built!

Calgary NW The Hamptons

September 4th, 2018
Hamptons - Real Estate Sales
Sold last 90 days - As of August 31, 2018
    Average  
  Units List/Sold $ DOM
Condominium  
Active 5 363,740 59
Sold 1 340,000 190
0.33 sell/month. Therefore 15 months of inventory
Sold $ = 97.1% of List price
Single Family  
Active 25 860,757 62
Sold 21 737,7 ...

Calgary Real Estate sales Augusty 2018

September 4th, 2018

Summary of sales August 2018

Calgary continues to struggle with high unemployment at 7.9%  Tighter lending and competition from new home sector are contributing to slow sales leading to a y/y price decline of 2.7%. The condominium apartment sector has struggled for years with oversupply but now has a y/y price decline of 2%.

Prices and sales remain variable depending of style of property an ...