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
Friday, January 29, 2010 - How much do your neighbours owe on their mortgage?-globe and mail
One of the economic conundrums of the past year has been the great divergence in the Canadian and U.S. housing markets. While American home prices swooned in 2009, the Canadian market only stumbled before resuming its inexorable climb upward. As Barrie McKenna reported in The Globe and Mail recently, there are two schools of thought as to what’s behind this discrepancy. One suggests that Canada, with its fiscally sound banks, simply avoided the bubble. The other, bruited by David Rosenber ...
Full Article...
posted in News
at Fri, 29 Jan 2010 09:55:37 -0700
Friday, January 29, 2010 - Calgary headed for office real estate crisis -globe
The city that most personified the exuberance of the commodities boom is set to lose its crown as the most expensive office market in the country.
Calgary will likely cede the priciest spot to Vancouver next fall, as a looming glut of supply - including a one-million-square-foot tower currently under construction that has yet to lease a single tenant - threatens to send its vacancy rate soaring to 18 per cent by 2011, according to an analysis by CB Richard Ellis Inc., the world's largest commer ...
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posted in News
at Fri, 29 Jan 2010 09:53:12 -0700
Friday, January 29, 2010 - Shop around for mortgage rates-calgary sun
First-time buyers comprised 30% to 35% of the new home buying market last year, taking advantage of low mortgage rates and builder price reductions and incentives.
With the announcement by the Bank of Canada last week it is holding its key overnight rate at 0.25%, the favourable buying environment should stay in effect for several months at least.
“We have a great fixed, five-year rate right now at 3.99%,” says Gar y Seigle, regional manager in Calgary for national mortgage broker I ...
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posted in News
at Fri, 29 Jan 2010 09:49:30 -0700
Friday, January 29, 2010 - Home prices make strides in November-calgary herald
OTTAWA — A measure of home prices in major Canadian markets was up in November compared with a year earlier for the second straight month.
The Teranet-National Bank home index, released Wednesday, was up 2.6 per cent on an annual basis for November. The last two gains followed prices being down on a year-over-year basis for 10 straight months. The latest gains put the overall index just 0.1 per cent shy of its peak in August 2008.
The index has been up on a monthly basis seven consecutive ...
Full Article...
posted in News
at Fri, 29 Jan 2010 09:46:55 -0700
Friday, January 29, 2010 - Just Sold - C3406776
Just sold this listing: "WOW RARE FIND! SHOW HOME CONDITION FULLY DEVELOPED TWO STORY HOME,WALK OUT BASEMENT,BACKS ON TO PARK(BIKE PATH)VERY OPEN AND BRIGHT FLOOR PLAIN 18 FOO..."
posted in Listings
at Fri, 29 Jan 2010 05:00:00 -0700
Thursday, January 28, 2010 - Home prices make strides in November-calgary herald
OTTAWA — A measure of home prices in major Canadian markets was up in November compared with a year earlier for the second straight month.
The Teranet-National Bank home index, released Wednesday, was up 2.6 per cent on an annual basis for November. The last two gains followed prices being down on a year-over-year basis for 10 straight months. The latest gains put the overall index just 0.1 per cent shy of its peak in August 2008.
The index has been up on a monthly basis seven consecutive ...
Full Article...
posted in News
at Thu, 28 Jan 2010 13:35:57 -0700
Thursday, January 28, 2010 - Fall in U.S. new home sales fans fears on recovery-calgary herald
Sales of newly built U.S. single-family homes fell unexpectedly in December as the bounce from an initial tax credit fizzled, the latest sign that the government-led housing recovery might be losing some steam.
The government report Wednesday came in the wake of a report showing a plunge last month in sales of previously owned homes and continued decline in sentiment among homebuilders, which could bode ill for the broader economic recovery.
New home sales fell 7.6 percent to a 342,000 unit ann ...
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posted in News
at Thu, 28 Jan 2010 13:34:04 -0700
Thursday, January 28, 2010 - New Listing - C3408995
Just added this listing: "NICELY RENOVATED FULLY DEVLOPED BUNGLOW ON QUITE STREET.3 BEDROOMS UP+2 BEDROOMS(ILLEGALE SUITE)WITH SEORATE ENTRANCE.24X22 DOUBLE DETACHED INSULATED ..."
posted in Listings
at Thu, 28 Jan 2010 05:00:00 -0700
Wednesday, January 27, 2010 - U.S. home prices dip in November-calgary herald
NEW YORK - U.S. home prices slipped in November and were softer than expected in the latest sign that a rebound in the U.S. housing market is still tenuous, according to Standard & Poor’s/Case-Shiller indexes on Tuesday.
The S&P composite index of home prices in 20 metropolitan areas slipped 0.2 per cent in November after a revised 0.1 per cent October dip, for a 5.3 per cent annual drop.
A Reuters survey had forecast a 0.1 per cent November rise. Prices were originally reported as unchan ...
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posted in News
at Wed, 27 Jan 2010 13:24:24 -0700
Wednesday, January 27, 2010 - Calgary home ownership becoming more affordable-calgary herald
Calgary housing became slightly more affordable in 2009, but it's still just the 23rd most affordable place to own a home from a list of 28 Canadian cities, according to the Winnipeg-based Frontier Centre for Public Policy.
In a study released Monday, the centre found Thunder Bay and Windsor, both in Ontario, were tied for most affordable Canadian cities and Vancouver was the least affordable.
In fact, Vancouver was also the least affordable among the 272 cities in the international study, whic ...
Full Article...
posted in News
at Wed, 27 Jan 2010 13:23:07 -0700
Wednesday, January 27, 2010 - Fall in U.S. new home sales fans fears on recovery-calgary herald
Sales of newly built U.S. single-family homes fell unexpectedly in December as the bounce from an initial tax credit fizzled, the latest sign that the government-led housing recovery might be losing some steam.
The government report Wednesday came in the wake of a report showing a plunge last month in sales of previously owned homes and continued decline in sentiment among homebuilders, which could bode ill for the broader economic recovery.
New home sales fell 7.6 percent to a 342,000 unit ann ...
Full Article...
posted in News
at Wed, 27 Jan 2010 13:21:46 -0700
Tuesday, January 26, 2010 - Affordable living in Vancouver is 270 sq. ft. in Downtown Eastside-calgary herald
The newest entry into affordable living in downtown Vancouver comes with rents starting at $675 -- for an apartment about the size of two parking spaces.
The newly redone bachelor apartments are in a heritage building, the previously condemned, 100-year-old Burns Block in the troubled Downtown Eastside.
The suites, at 270 square feet, are being called "micro lofts" and are the smallest self-contained rental suites in the city. They will be available in March 2011.
Renters get their own bathroom ...
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posted in News
at Tue, 26 Jan 2010 14:41:57 -0700
Tuesday, January 26, 2010 - U.S. home sales tumble as boost from tax credit wanes-calgary herald
WASHINGTON - Sales of previously owned U.S. homes suffered a record drop last month as the boost from a popular tax credit waned, raising doubts the housing market recovery can be sustained without government support.
The National Association of Realtors said Monday that existing home sales fell 16.7 per cent in December to an annual rate of 5.45 million units.
It was the sharpest decline on records dating to 1968 and the slowest sales pace since August. Analysts had expected a less severe drop ...
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posted in News
at Tue, 26 Jan 2010 14:40:03 -0700
Tuesday, January 26, 2010 - Calgary home ownership becoming more affordable-calgary herald
Calgary housing became slightly more affordable in 2009, but it's still just the 23rd most affordable place to own a home from a list of 28 Canadian cities, according to the Winnipeg-based Frontier Centre for Public Policy.
In a study released Monday, the centre found Thunder Bay and Windsor, both in Ontario, were tied for most affordable Canadian cities and Vancouver was the least affordable.
In fact, Vancouver was also the least affordable among the 272 cities in the international study, whic ...
Full Article...
posted in News
at Tue, 26 Jan 2010 14:34:58 -0700
Monday, January 25, 2010 - Calgary resale home prices to simmer in '10-calgary herald
CALGARY - In two years, Calgary's resale real estate market has gone from "sizzle to fizzle to simmer," incoming Calgary Real Estate Board president Diane Scott said Wednesday.
Aff ordability and low interest rates will keep the pot slowly boiling this year, creating modest growth in sales and prices, she predicted as the board hosted its annual forecast conference.
A panel of economists mostly concurred with the board's projection of a continuation of the gradual recovery experienced in the se ...
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posted in News
at Mon, 25 Jan 2010 10:40:25 -0700
Monday, January 25, 2010 - Housing starts jump in December-calgary herald
OTTAWA -- Housing starts were up in most parts of the country outside the Atlantic Provinces in December, according to a report released Monday by the Conference Board of Canada.
The report on metropolitan housing starts report showed a year-over-year increase in 17 of the 27 areas studied.
Some of the biggest jumps were in London, Ont., where starts went from 826 in December 2008 to 3,259 in 2009; Saskatoon, which went from 916 to 2,285; Edmonton, where starts took a year-over-year leap from 4 ...
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posted in News
at Mon, 25 Jan 2010 10:37:57 -0700
Friday, January 22, 2010 - Just Sold - C3400378
Just sold this listing: "This home is in show home condtion. Graet curb apeal.Fully fenced front and back yard. Recent renovations completed with tiled floor, leminate floorin..."
posted in Listings
at Fri, 22 Jan 2010 05:00:00 -0700
Friday, January 15, 2010 - Home construction on the rise in Calgary-calgary herald
Calgary's home-building industry rebounded strongly in December, starting construction on nearly twice as many single-family dwellings as in the same month of 2008. Canada Mortgage and Housing Corp. reported Monday that total housing starts in the Calgary area reached 657 units last month, up from 403 units in December 2008. In December, 559 singledetached homes broke ground, representing an increase of 98 per cent from the 283 units started in December 2008. There were 98 multifamily units c ...
Full Article...
posted in News
at Fri, 15 Jan 2010 10:27:15 -0700
Friday, January 15, 2010 - New Listing - C3406776
Just added this listing: "WOW RARE FIND! SHOW HOME CONDITION FULLY DEVELOPED TWO STORY HOME,WALK OUT BASEMENT,BACKS ON TO PARK(BIKE PATH)VERY OPEN AND BRIGHT FLOOR PLAIN 18 FOO..."
posted in Listings
at Fri, 15 Jan 2010 05:00:00 -0700
Thursday, January 14, 2010 - New home prices rise for fifth straight month-calgary herald
OTTAWA — New home prices rose more than expected in November, posting a 0.4 per cent advance for a fifth straight monthly gain, Statistics Canada reported Tuesday. Most economists had forecast a 0.3 per cent month-over-month advance. On a yearly basis, prices fell 1.4 per cent in November following a 2.1 per cent decline in October. The pick up in new housing prices follows news Monday from Canada Mortgage and Housing Corp. that housing starts staged a broad-based advance in November, ...
Full Article...
posted in News
at Thu, 14 Jan 2010 12:03:46 -0700
Thursday, January 14, 2010 - New Listing - C3406588
Just added this listing: "WOW! WHAT A GREAT HOME. FOUR LEVEL SPLIT WITH DOUBLE ATTACHED GARAGE, FULLY DEVELOPED BASEMENT, 18 FOOT HIGH CELLING AT MAIN ENTRANCE,LIVING ROOM , DI..."
posted in Listings
at Thu, 14 Jan 2010 05:00:00 -0700
Wednesday, January 13, 2010 - New Listing - C3406407
Just added this listing: "NICE & CLEAN VERY OPEN & BRIGHT FLOOR PLAIN. THIS FULLY DEVELOPED 2 STORY HOME OFFERS YOU 3 GOOD SIZE BEDROOMS UP, FAMILY ROOM IN BASEMENT, 2.5 BATH, ..."
posted in Listings
at Wed, 13 Jan 2010 05:00:00 -0700
Monday, January 4, 2010 - Calgary housing recovery gains traction-calgary herald
CALGARY - The number of home resales in Calgary in December will easily trump the same month last year, but is unlikely to beat the pace set in December 2007, preliminary statistics indicate. But month-to-date numbers through Wednesday show the Calgary area's resale price recovery continues, with the average single-family home selling for $451,443 in December, an increase of eight per cent, or $34,000, over December 2008 and a slight improvement of about $6,000 over $444,769 in December 2007. ...
Full Article...
posted in News
at Mon, 04 Jan 2010 10:47:35 -0700
Monday, January 4, 2010 - Low rates rated high-calgary sun
Looking back at how 2009 treated the new home building industry in Calgary, Bill Bobyk, of the Sterling Group of Companies, summed it up very well, saying “Nobody could have predicted how this year turned out.” At this time last year, predictions for the health of the industry were dire, but about the time spring arrived, the market blossomed, growing ever stronger through the summer and fall. Three key factors were at play: Pent-up demand from buyers who disappeared when the econ ...
Full Article...
posted in News
at Mon, 04 Jan 2010 10:40:56 -0700
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