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Jane Kinsella
The Real Estate Company Ltd.
11, 5080 12A St. SE, Calgary, Alberta
P: 403-874-6143
F: 403-476-5467
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Canada needs another 4.5 million homes warns study

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A  new study says that we will need another 4.5 million homes over the next three decades. The report from Urban Futures points to population growth and increasing life expectancy and shows a marked departure from the predictions that had historically been reported. The generation that followed the baby boomers was smaller in number, leading to forecasts that there would be a meltdown in the housing market as the boomers vacated their homes. However growing families and strong immigration has changed that. Urban Futures says there have been 2.2 million extra occupied homes since 2000, or around 185,000 per year on average and with a large number of seniors living longer and being able to stay in their homes for longer, this figure is edging higher. The study predicts that 82 per cent of those in homes today will still be alive in 2033 and 73 per cent by 2041. With net migration around 1 million it’s easy to see how the figures stack up..

 



 

 

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Wednesday, May 26, 2010 - Homes more affordable, but deemed overpriced

Alberta was the only province in Canada to see an improvement in housing affordability in the first quarter of this year, bucking the national trend. But 17.4 per cent of homes in the province are still overpriced -- the second-highest rate in the country behind B.C.'s 20.7 per cent. Those are the findings of two national real estate reports released Tuesday. The RBC Housing Affordability report indicates houses are more affordable in Alberta today than they were in the previous quarter. Diane ... Full Article...

posted in News at Wed, 26 May 2010 16:57:35 +0000



Wednesday, May 26, 2010 -


posted in News at Wed, 26 May 2010 16:34:52 +0000



Monday, May 17, 2010 - Resale Housing Markets in Calgary Lag

CALGARY - Residential MLS sales and price growth in Calgary and in Alberta lagged behind the national averages in April as the housing market showed initial signs of cooling, according to a report released today by the Canadian Real Estate Assocation.   CREA said there were 2,382 MLS sales in Calgary last month which was up 7.4 per cent from a year ago. The average sale price was $395,847 for a 6.4 per cent hike from April 2009.   In Alberta, CREA said sales increased by 5.9 per cent to 5,544 ... Full Article...

posted in News at Mon, 17 May 2010 17:01:54 +0000



Monday, May 17, 2010 - Alberta Housing Affordability

Bursting the Alberta Housing Myth The 2009 real estate market started out slow and ended with a bang. With prices and interest rates plummeting, many consumers took advantage and became homeowners. 2010, however, has been shrouded with whispers of a housing boom, with some suggesting that prices are creeping up to the staggering highs of 2007. REALTORS® know differently and can use the following statistics to demonstrate to prospective clients that, while the economy has raised real estate ... Full Article...

posted in General at Mon, 17 May 2010 16:22:15 +0000



Friday, May 14, 2010 - BMO Fraud

         RECA Continues To Be Proactive Against Mortgage Fraud          Additional Information Due to the recent Bank of Montreal (BMO) Mortgage Fraud case, RECA is issuing this formal position statement to all Industry Members. Formal Position Statement The Real Estate Council of Alberta (RECA) sets and enforces standards of conduct for industry members in the real estate brokerage, mortgage brokerage and real estate appraisal industry. RECA supports BMO?s legal action and the ...

posted in News at Fri, 14 May 2010 17:56:51 +0000



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