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Thursday, March 10, 2011 - Some Good News!

The Canadian housing sector continued to show solid growth in February as housing starts moved up about 6.5% from the previous month. Canada Mortgage and Housing Corp. says the seasonally adjusted annual rate of starts came in at 181,900 units. That?s up from 170,600 units in January. The federal agency says the rise was due primarily to increased activity in the multi-family starts in Ontario and the Prairies. The seasonally adjusted annual rate of urban starts increased by 9.4% to 161,000 ... Full Article...
posted in General at Thu, 10 Mar 2011 09:57:32 -0700

Thursday, March 10, 2011 - Let the Hiring Begin!

Job creation in Alberta lagged behind most other provinces in the 2010 recovery period, but stronger employment growth started to pick up around the turn of the year. What are Alberta employers anticipating this spring? According to the latest survey of employers from Manpower Canada, companies in Calgary, Edmonton and Red Deer are expected (on balance) to add to their payrolls in the second quarter of 2011. The survey calculates the difference between the percentage of firms expecting to ...
posted in General at Thu, 10 Mar 2011 09:54:26 -0700

Thursday, March 3, 2011 - Variable Rate Loans Remain Bargain Bin Cheap

Keeping in line with the expectations of the market, Canada?s central bank left interest rates unchanged for the fourth consecutive time this morning. The Bank of Canada (BOC) left the Canadian overnight interest rate, which is the rate that banks use to lend money to each other in the overnight market, at 1.0% this morning. As a result the prime rate, which is used to set variable rate mortgages and many other consumer and business loan products, remains at 3.0%. In a press release that is ... Full Article...
posted in General at Thu, 03 Mar 2011 13:16:17 -0700

Thursday, March 3, 2011 - Edmonton's Housing Market Slowly Unthawing

Things have been pretty slow in the capital city housing market since last spring, and although the market wasn?t a hotbed of activity in February, it did show some life. The number of homes sold in Edmonton during February was 1,044, up from very low level levels in both December (784) and January (735). Meanwhile housing prices were flat, with the overall median residential price (includes all types of homes) slipping slightly to $305,000 from $307,000 in January 2011 and exactly unchanged ... Full Article...
posted in General at Thu, 03 Mar 2011 13:08:49 -0700

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