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9 facts that illustrate Calgary’s slow-moving housing market this summer
Calgary’s struggling job market combined with rising interest rates continued to weigh on the city’s housing market in July, resulting in fewer sales and an increase in inventory.
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Why detached home prices are falling in these Metro Vancouver areas
Although overall home prices in Metro Vancouver are still rising, price growth has been significantly easing for the last two quarters and even dropped for detached properties in some areas of the region.
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Calgary’s housing market takes step in right direction with declining vacancy rate
Calgary’s vacancy rate has dropped for the first time since Alberta’s recession ended in 2016, which one economist says is a step in the right direction for the city’s recovering housing market.
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These 3 groups of homebuyers are causing condo prices to soar in Greater Vancouver
Although overall home price growth has eased in Greater Vancouver over the past year, prices continue to rise in the region’s condo market, due to overwhelming demand for the more affordable homeownership option.
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4 cities are keeping Canada’s housing market in “highly vulnerable” territory
For an eighth consecutive quarter, Canada’s housing market remains highly vulnerable to instability thanks to moderate levels of price acceleration and overvaluation.
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Over half of BC residents say government is doing a bad job handling housing affordability crisis
Despite new housing policies introduced by the BC government to address deteriorating housing affordability, the majority of British Columbians say it’s not good enough.
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Mortgage stress test has prevented 18% of Canadian homebuyers from purchasing the home they want
Instead of safeguarding Canada’s financial system, one association says the mortgage stress test is unduly suppressing housing activity, which could spell future trouble for the economy.
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This chief economist says Canada’s new mortgage stress test could have been better designed
It’s been over six months since the new mortgage stress test rolled out across Canada with the aim of ensuring borrowers would be able to handle higher interest rates. However, one expert says the mortgage regulation needs to be improved to mitigate the impact on home buyers.
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Will BC’s new strata short-term rental fines help boost Vancouver’s vacancy rate?
In an effort to curb British Columbia’s housing affordability crisis, the provincial government has introduced higher fines for strata short-term rentals. And, according to one realtor the fines could help renters grappling with the City of Vancouver’s severely-low vacancy rate.
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Here’s which housing type you can buy with your salary in Calgary
While homeownership might seem unattainable for many in Toronto and Vancouver, an annual salary of just $26,300 is enough to get you a rowhouse in Calgary’s housing market.
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Vancouver beats out Los Angeles as the most unaffordable housing market in North America
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Greater Vancouver’s pre-sale market expected to shift from “hyperactive” to balanced in 2018
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These economists expect a modest recovery in Canada’s housing market this year
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BC housing markets return to balanced territory thanks to softer demand
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Vancouver records fourth largest home price growth worldwide in first quarter of 2018
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Vancouver’s luxury home sales plummet 19 per cent in first half of 2018