April 2008

Listings Lasting Longer - Sales Drop but Prices are up.

Friday, April 18th, 2008 at 5:12pm. 163 Views, 0 Comments.

A Story that was Published in the Calgary Sun, Fri, April 18, 2008. I thought I would share it with you. By MARKUS ERMISCH, SUN MEDIA

Sales of existing homes in Calgary have spiralled deeper than in any other major Canadian city in the first three months of this year.

Data released yesterday by the Canadian Real Estate Association show in the first quarter this year, sales of existing homes have plunged 35.9% in Calgary, compared to the same period last year.

Nationally, sales declined 13% in the first quarter leading one economist to declare: "Aside from a few choice Prairie locales, sales are melting faster than this year's snow pack."

But none of Canada's major markets experienced drops quite as dramatic as Calgary's.…

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Alberta House Price boom dying down

Wednesday, April 16th, 2008 at 5:25pm. 145 Views, 0 Comments.

I thought I would share with you what was posted by the Financial Post by Helen Morris, Canwest News Service on Friday April 11, 2008.

OTTAWA -- The price of new housing edged up 0.3% from January to February 2008, said Statistics Canada. The rate slowed down after two months of accelerated growth but followed a downward trend which began in September 2006, said the federal agency.

Contractors' selling prices increased 6.2% in February 2007 from a year earlier. The year-on-year growth was slower than the 6.5% yearly increase seen in January.

Across the country, prices in Saskatoon again rose at the fastest rate. Annual prices in the city increased 58.3% - the fastest rise on record in the city. Prices in Saskatoon rose 4.3% month-on-month in…

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