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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Friday, August 29, 2014 - Forecast

Market Commentary   The more you look into it the bigger the consensus seems to be: interest rates aren't going anywhere until sometime in the second half of next year.The latest inflation figures, which showed a modest dip in the consumer price index, would seem to leave the Bank of Canada with little choice but to maintain its neutral stance.The latest forecasts on the future of the housing market are also banking on low rates continuing into next year. And CMHC, CREA and the big banks all ... Full Article...

posted in General at Fri, 29 Aug 2014 17:25:57 +0000

Wednesday, January 15, 2014 - Real Estate

Canadian home prices return to record high Canadian home prices ticked back up to a record high in December, thanks entirely to Edmonton, Vancouver and Toronto, according to the Teranet-National Bank house price index. The 0.1-percent rise in home prices in December reversed a 0.1-percent decline in November, and returned the index to its all-time high. But the majority of the 11 cities that the index tracks have seen prices edge down in recent months. Winnipeg, Calgary, Ottawa-Gatineau, Quebec ... Full Article...

posted in General at Wed, 15 Jan 2014 22:13:43 +0000

Friday, April 12, 2013 - Market update

Residential Market Update Market Commentary Definite cooling in the Canadian housing market A recent economic analysis suggests Canada?s housing correction is headed for something a little rougher that the projected ?soft landing?, but not a U.S. style crash. The analysis is based on the premise that housing prices are declining. Relative to inflation that may be true, but in terms of raw numbers price drops are not showing up in the national housing figures. Only Vancouver, where a 2-storey ... Full Article...

posted in General at Fri, 12 Apr 2013 19:24:30 +0000

Friday, November 2, 2012 - Housing Statistics

CALGARY REGIONAL HOUSING MARKET STATISTICS 10.12CALGARY HOUSING MARKET DOES NOT SHOW SIGNS OF SLOWINGYear-over-year sales growth remains in double digit territoryCalgary, November 1, 2012 ? City of Calgary sales activitymarked a 23-per-cent increase over levels recorded inOctober 2011. The continued improvement in sales haspushed year-to-date sales activity to nearly 16-per-centabove levels recorded in 2011.?Relative to national trends, we continue to move in theopposite direction, recording ... Full Article...

posted in General at Fri, 02 Nov 2012 16:22:47 +0000

Tuesday, August 24, 2010 - Calgary Home Sellers Beware

Calgary Home Sellers really have to keep their wits about them right now as there are a lot of scams out there and people trying to take advantage of a Calgary buyers market with more desperate sellers out there. I have recently been approached by so called Calgary investors with all sorts of offers to buy properties with unique rent backs, hold backs and other sorts of ?creative? options.(most I have never heard of even after 15 years of Calgary real estate) While none of these are illegal, ... Full Article...

posted in General at Tue, 24 Aug 2010 17:37:48 +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

Tuesday, March 30, 2010 - My New Website

I like my new website! Everyone should come, visit and sign up. Loads of information for you at your fingertips!  Jane Kinsella

posted in General at Tue, 30 Mar 2010 17:23:20 +0000

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