Pammi Brar
RE/MAX Real Estate (Mountain View)
401,9650 HARVEST HILLS BLVD.NE, Calgary, Alberta
P: 403-247-5178 F: 403-247-5301
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RE/MAX Real Estate (Mountain View)
401,9650 HARVEST HILLS BLVD.NE, Calgary, Alberta
P: 403-247-5178 F: 403-247-5301
Thursday, December 31, 2009 - Just Sold - C3404226
Just sold this listing: "Nice and clean 1200 sq ft fully develope bunglow, 3 bed rooms up + 2 bed rooms in basement. 2 fire places (up and down). huge rec room seprate entra..."
posted in Listings
at Thu, 31 Dec 2009 05:00:00 -0700
Wednesday, December 23, 2009 - U.S. home sales jump 7.4 per cent
WASHINGTON - Sales of U.S. existing homes surged 7.4 per cent in November to the highest level since February 2007, as buyers rushed to take advantage of tax credits, industry figures showed Tuesday. The National Association of Realtors said sales rose to a seasonally adjusted annual rate of 6.54 million units in November from 6.09 million in October. This is 44.1 per cent higher than the depressed levels of November 2008 and best since February 2007. The group said buying was sparked by a r ...
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posted in News
at Wed, 23 Dec 2009 10:35:31 -0700
Wednesday, December 23, 2009 - Calgary builders face higher levies for subdivision costs-calgary herald
CALGARY - Mayor Dave Bronconnier says he wants developers to pay significantly higher levies to help offset the costs of servicing new subdivisions. A city report this summer said land developers pay less than half the costs of building roads, sewer lines, fire halls and other services for their suburbs. City hall and the industry will start negotiations next month to replace the five-year agreement that sets those levies and soon expires. Bronconnier said the gap should close between what t ...
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posted in News
at Wed, 23 Dec 2009 10:33:31 -0700
Wednesday, December 23, 2009 - Ottawa set to tackle housing bubble-calgary herald
T he federal government is ready to clamp down further on mortgage rules if the boom in the Canadian housing market turns into a bubble, says Finance Minister Jim Flaherty. In an exclusive interview and Global National, Flaherty said the government is closely monitoring the red-hot housing market for signs it is reaching "irrational" levels. "The reality is we have low mortgage rates . . . so we can expect some upward pressure on housing," he said. "That's OK, as long as it doesn't become a ...
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posted in News
at Wed, 23 Dec 2009 10:30:36 -0700
Monday, December 21, 2009 - Flaherty warns on mortgage rules - globe and mail
He says the likely measures the government will take is to increase the size of the down payment from 5 per cent “to a higher figure” and to reduce the amortization period “from a maximum of 35 years to something less.” Those measures would increase the monthly payments, making it more difficult for some people to take on a mortgage and purchase a home, without having to increase the interest rate. Last week, the central bank warned that when interest rates rise to nor ...
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posted in News
at Mon, 21 Dec 2009 10:14:12 -0700
Monday, December 21, 2009 - Ottawa set to tackle housing bubble- calgary herald
T he federal government is ready to clamp down further on mortgage rules if the boom in the Canadian housing market turns into a bubble, says Finance Minister Jim Flaherty. In an exclusive interview and Global National, Flaherty said the government is closely monitoring the red-hot housing market for signs it is reaching "irrational" levels. "The reality is we have low mortgage rates . . . so we can expect some upward pressure on housing," he said. "That's OK, as long as it doesn't become a ...
Full Article...
posted in News
at Mon, 21 Dec 2009 10:06:10 -0700
Monday, December 21, 2009 - Just Sold - C3399917
Just sold this listing: "Beautifully renovated fully developed bungalow. Newer hardwood floors, carpets, and paint. Redone main bath. Stainless steel appliance, sunked living ..."
posted in Listings
at Mon, 21 Dec 2009 05:00:00 -0700
Friday, December 18, 2009 - Economist warns homeowners of bubble trouble-calgary herald
TORONTO - Economist and author Jeff Rubin, who predicted the bursting of Canada’s last major housing bubble, warns many Canadians will soon regret the hefty prices they’re paying to enter the property market. The often controversial former chief economist of CIBC World Markets says there’s another bubble building — in interest rates -— which could be on the rise by the end of next year. That will squeeze homeowners who took out variable-rate mortgages, betting the ...
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posted in News
at Fri, 18 Dec 2009 14:30:32 -0700
Friday, December 18, 2009 - Stand by for a mega moving day -The Globe And Mail
The next two years promise to reshape the look and feel of the Greater Toronto Area in ways probably not felt since the building boom of the 1970s. Then, we went out. This time, we are going up. At the same time, the Toronto area is about to have its own exodus – inward not out. Quiet suburban neighbourhoods are about to vibrate with new life. Old, once-neglected industrial areas in the city core are about to be transformed into mini-villages. Record condo sales in 2007 and the early m ...
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posted in News
at Fri, 18 Dec 2009 11:51:57 -0700
Friday, December 18, 2009 - A crush for condos - The Globe And MAil
Nobody was carrying around a pig with a head on a stick, but the crowd that lined up throughout the night to purchase condos at Yaletown's The Mark was definitely showing signs of regressing. It's been a couple of years since Vancouver's real estate market drove people to desperate measures. But last weekend, with 214 presale condos to go on sale in the luxury building in the prime location, Vancouver turned into crazy town all over again. Within hours, 163 of those condos at Pacific and Seymo ...
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posted in General
at Fri, 18 Dec 2009 11:49:41 -0700
Friday, December 18, 2009 - Calgary's rental market cooling: CMHC-calgary herald
CALGARY - Calgary’s vacancy rate has nearly doubled in the past year, pushing down rental rates, Canada Mortgage and Housing Corp. said Wednesday. The apartment vacancy rate in the Calgary region rose to 5.3 per cent in October, up from 2.1 per cent the previous year. That’s the highest level since 1993. It was also one of the highest rates in the country, and nearly double the national rate of 2.8 per cent, the agency said. Average rents for a two-bedroom unit in Calgary fell to ...
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posted in News
at Fri, 18 Dec 2009 11:24:38 -0700
Thursday, December 17, 2009 - Calgaryâ??s ahead in building green-calgary sun
With the big chin wag going on in Copenhagen about (take your pick): 1: Global warming; 2: Climate change, or; 3; Climategate conspiracy theories, it is timely to address what new home builders are doing to be eco-friendly. A report commissioned by the Canadian Home Builders Association awhile back showed energy consumption as a whole in Canada increased 21% between 1990 and 2006, and yet green house gas emissions in the residential sector decreased 8.5% in the same period. The decrease came ...
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posted in News
at Thu, 17 Dec 2009 10:58:54 -0700
Thursday, December 17, 2009 - Calgary's rental market cooling: CMHC-calgary herald
CALGARY - Calgary’s vacancy rate has nearly doubled in the past year, pushing down rental rates, Canada Mortgage and Housing Corp. said Wednesday. The apartment vacancy rate in the Calgary region rose to 5.3 per cent in October, up from 2.1 per cent the previous year. That’s the highest level since 1993. It was also one of the highest rates in the country, and nearly double the national rate of 2.8 per cent, the agency said. Average rents for a two-bedroom unit in Calgary fell to ...
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posted in News
at Thu, 17 Dec 2009 10:55:49 -0700
Thursday, December 17, 2009 - New Listing - C3404584
Just added this listing: "Lowest price almost 2000 sq foot 2 story home with front double attached garage. Very nice tile floor main entrance. Main flr Living rm,Dining rm, Fam..."
posted in Listings
at Thu, 17 Dec 2009 05:00:00 -0700
Wednesday, December 16, 2009 - Calgaryâ??s ahead in building green-calgary sun
With the big chin wag going on in Copenhagen about (take your pick): 1: Global warming; 2: Climate change, or; 3; Climategate conspiracy theories, it is timely to address what new home builders are doing to be eco-friendly. A report commissioned by the Canadian Home Builders Association awhile back showed energy consumption as a whole in Canada increased 21% between 1990 and 2006, and yet green house gas emissions in the residential sector decreased 8.5% in the same period. The decrease came ...
Full Article...
posted in News
at Wed, 16 Dec 2009 10:18:21 -0700
Wednesday, December 16, 2009 - Silver Dollar Casino in Calgary sold for $10.6 million-calgary herald
CALGARY - The Silver Dollar Casino is poised to usher in 2010 under a new owner, as international player Century Casinos, Inc. strikes an agreement to acquire the one-time gaming hot spot lock, stock and barrel. In a transaction pegged at $10.6 million US, Colorado-based Century said its Austrian subsidiary will acquire all of the outstanding common stock of Frank Sisson’s Silver Dollar Ltd., as well as 100 per cent of the outstanding common stock of the EGC Properties Ltd., owner of the ...
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posted in News
at Wed, 16 Dec 2009 10:10:33 -0700
Monday, December 14, 2009 - Canada's new home prices rise less than expected-calgary herald
OTTAWA -- Prices for new homes in Canada rose 0.3% in October after a 0.5% increase the previous month, Statistics Canada said Friday. It was the fourth straight monthly gain in the federal agency’s new-home price index, although the increase was slightly below the 0.4% many economists had expected. The biggest price increase was in Quebec City, up 1.1%, followed by Vancouver, up 0.7%.
posted in News
at Mon, 14 Dec 2009 16:19:39 -0700
Monday, December 14, 2009 - Concerns raised over interest rates-calgary sun
The Bank of Canada did as expected last week, keeping its key overnight rate at 0.25% and further pledging to hold the rate at least until the middle of next year. On the heels of the announcement, TD Canada Trust, the Royal Bank of Canada, CIBC and the National Bank of Canada lowered residential mortgage rates on some of their products, raising concerns at the C.D. Howe Institute a rapid rise in interest rates expected late next year could prove devastating for homeowners who have not evaluat ...
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posted in News
at Mon, 14 Dec 2009 10:21:13 -0700
Monday, December 14, 2009 - Residential building permits increase-calgary sun
Residential building permit applications in Calgary last month were well ahead of November last year, showing the strength of the new homes market has continued into the fall. Last month there were 532 permit applications for new, single-family homes, valued at $137 million, and 441 applications for single-family home improvements, valued at $8 million. This compares to 188 new single-family applications worth $45 million and 321 single-family improvement applications worth $6 million last No ...
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posted in News
at Mon, 14 Dec 2009 10:18:58 -0700
Friday, December 11, 2009 - Housing starts rise for third consecutive month in Calgary and area-calgary herald
CALGARY - The number of housing starts in Calgary climbed again in November, the third consecutive month building has outpaced last year’s levels. Canada Mortgage and Housing Corp. said Tuesday that starts in the Calgary area rose to 832 units in November, up from 575 in the same month the previous year. Despite that increase, total starts to date are 5,661, down from 11,035 for the same period in 2008, the agency said. Still, the number of single-detached homes are already ahead the 2 ...
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posted in News
at Fri, 11 Dec 2009 13:12:30 -0700
Friday, December 11, 2009 - Calgary home starts hit high for the year-calgary herald
CALGARY - New home construction is showing more signs of recovery, with Calgary single-family home starts outpacing 2008 levels. November saw Calgary builders begin work on 832 units, the highest monthly tally so far this year, according to figures released by Canada Mortgage and Housing Corp. on Tuesday. Richard Cho, the CMHC's senior market analyst for Calgary, said low mortgage rates, recent price reductions and fewer homes on the market are helping trigger demand for new home construction ...
Full Article...
posted in News
at Fri, 11 Dec 2009 10:35:29 -0700
Friday, December 11, 2009 - HOUSING MARKET- REMAX
The worst recession since the Great Depression had a serious impact on housing performance during the fi rst quarter, with home sales down 27 per cent nationally, compared to 2008 figures. Consumers adjusted to new market realities—including buyer’s market conditions—as the supply of homes available for sale rose and values dipped. Hardest hit were markets in Greater Vancouver and Sudbury, where the number of homes sold declined 40 per cent; Calgary slipped 35 per cent; and Vi ...
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posted in News
at Fri, 11 Dec 2009 10:28:54 -0700
Friday, December 11, 2009 - New Listing - C3404226
Just added this listing: "Nice and clean 1200 sq ft fully develope bunglow, 3 bed rooms up + 2 bed rooms in basement. 2 fire places (up and down). huge rec room seprate entra..."
posted in Listings
at Fri, 11 Dec 2009 05:00:00 -0700
Thursday, December 10, 2009 - Things are still looking up-Calgary Sun
New home starts numbers for October were released this week by Canada Mortgage and Housing Corp., and things are continuing to look up. Total starts tallied a second consecutive month of year-over-year increases hitting 732 on the strength of the single-family market. Single starts recorded their fourth month in a row of year-over-year increases, reaching 502 homes, 38% ahead of last October and bringing the total number of single starts this year to 3,612, only 4% below last year at this tim ...
Full Article...
posted in News
at Thu, 10 Dec 2009 13:28:43 -0700
Thursday, December 10, 2009 - Housing starts rise for third consecutive month in Calgary and area-calgary herald
CALGARY - The number of housing starts in Calgary climbed again in November, the third consecutive month building has outpaced last year’s levels. Canada Mortgage and Housing Corp. said Tuesday that starts in the Calgary area rose to 832 units in November, up from 575 in the same month the previous year. Despite that increase, total starts to date are 5,661, down from 11,035 for the same period in 2008, the agency said. Still, the number of single-detached homes are already ahead the 2 ...
Full Article...
posted in News
at Thu, 10 Dec 2009 12:51:00 -0700
Thursday, December 10, 2009 - Calgary home starts hit high for the year-calgary herald
CALGARY - New home construction is showing more signs of recovery, with Calgary single-family home starts outpacing 2008 levels. November saw Calgary builders begin work on 832 units, the highest monthly tally so far this year, according to figures released by Canada Mortgage and Housing Corp. on Tuesday. Richard Cho, the CMHC's senior market analyst for Calgary, said low mortgage rates, recent price reductions and fewer homes on the market are helping trigger demand for new home construction ...
Full Article...
posted in News
at Thu, 10 Dec 2009 12:48:49 -0700
Thursday, December 3, 2009 - Condo market a bit distorted-Calgary Sun
You can’t be blamed for thinking the multi-family homes picture in Calgary appears distorted, because, well, it is. Last year, Calgary and area home builders started 7,051 multi-family homes in the CMA, with 4,425 of those starts in March, April and May. To the end of last month, 1,217 multi-family homes have been started, with the Canada Mortgage and Housing Corp. expecting only 1,350 multi starts by year’s end. Inside the multi segment, semi-detached and townhomes are selling ...
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posted in News
at Thu, 03 Dec 2009 16:13:52 -0700
Thursday, December 3, 2009 - Calgary home sales gain momentum-Calgary Herald
Calgary's residential real estate market reveals how dramatically things have changed since the economic meltdown was beginning to cut through the local economy a year ago. The Calgary Real Estate Board said Tuesday that single-family home sales last month were up 63.4 per cent and condo sales increased by 77.5 per cent compared with November 2008. The MLS average sale price in the single-family market jumped by 6.7 per cent, while condos rose by three per cent. Consumer confidence has impro ...
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posted in News
at Thu, 03 Dec 2009 16:12:04 -0700
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