Robert Hogue, Senior Economist, RBC May 2010 Affordability erodes again in the first quarter of 2010 Canada’s housing markets started 2010 the same way they ended 2009; firing on all cylinders. While a boon to sellers, the resulting strong home price increases, however, have hurt housing affordability across the country. At the national level, RCD affordability measures rose for the third consecutive quarter, moving up between 0.4 and 0.9 percentage points, depending on the housing type ... Full Article...

  Mortgage Specialist: Taizeel Adatia, CA, MPAcc. Services Offered: *Tailored mortgage product(s) that suits your needs based on individual income, financial and investment goals; *Tax advice provided for individuals that own rental or investment properties; and *Solutions provided to help reduce debt and refinance current mortgages Myth Buster: A Mortgage Broker can deal with any large bank (ATB, TD, Scotia..) as well as a number of smaller lenders and there is NO OBLIGATION or COST TO YOU. ... Full Article...

Garry Marr, Financial Post • Wednesday, Jun. 9, 2010 'You know, you're making the biggest mistake of your life. The housing market is going to fall." I got this great piece of advice from another journalist at the Financial Post, who has since left the newspaper, after buying my first home. Not exactly the type of thing you want to hear after taking on huge debt and making the biggest financial decision of your life. Lucky for me, I didn't heed that advice about Toronto's red-hot real es ... Full Article...

Canadian Mortgage and Housing Corporation - Housing Now, Edmonton, August 10, 2010 According to preliminary figures released today by Canada Mortgage and Housing Corporation (CMHC), housing starts in the Edmonton Census Metropolitan Area (CMA) continued to outperform the previous year. Housing starts in Greater Edmonton totalled 949 units in July, up from 451 units in July 2009. This represents the 13th consecutive month of year-over-year gains in new home construction. To the end of July, lo ... Full Article...

Edmonton Multifamily Report 2Q10 From Cushman & Wakefield Edmonton www.cwedm.com Economic Overview Albert and Greater Edmonton’s economies continue to gain strength as the global economy is slowly recovering from the worst downturn since World War II. As expected in the last quarter, the Bank of Canada has increased the prime interest rate by 0.25%. However, it is important to note that rising long-term interest rates are a signal of economic strength, which in turn is beneficial to rea ... Full Article...