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Thursday, April 14, 2016 - Completed but unabsorbed homes swell

New data show that the economic slowdown is weighing heavily on Alberta?s housing industry. Housing starts are down by about 56 per cent (year-over-year). Unfortunately for those that sell new homes, a large number of these are staying vacant. The number of completed but unabsorbed homes has grown significantly in both Edmonton and Calgary over the past year. Completed but unabsorbed houses are residences (single and semi-detached) that are newly built that don?t have a binding, non-conditional ... Full Article...
posted in General at Thu, 14 Apr 2016 11:25:10 -0600

Wednesday, April 6, 2016 - Number of Canadians expecting continued rise in housing prices hits 2016 high

Canadians are looking past signs of damage from low energy prices and predicting the housing surge will continue. According to weekly polling by Nanos Research, the share of respondents expecting higher real estate prices reached the most since December 2014 last week, or 38.7 percent. That pushed the Bloomberg Nanos Consumer Confidence Index to 54.7 last week, the highest this year, from 54.5 previously. ?The main positive driver for the forward look on the economy was the view that the value ... Full Article...
posted in General at Wed, 06 Apr 2016 13:43:35 -0600

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