There’s been a fair amount of news coming this week, none of which appears particularly helpful for the housing market. EI numbers for June came our yesterday, they’re way up. The June Teranet HPI also came out, and they say even with the huge sales tally in Calgary, prices were still down month-over-month. AndContinue Reading
Sorry, this will be a bit of a quick one, I’ve been crazy busy, so the blogging is a luxury I don’t really have time for… that’s why the updates are going to be a little slow coming the next couple weeks. Anyway, the CBA released their latest (June) mortgage arrears figures…Continue Reading
So, another week goes by, another apparent bull market rally turns out to be little more then a trap… but at least the Eskimos won last night! Anywho, so I guess the big news this week for Edmonton real estate was that the decline in the new housing price index… downContinue Reading
Those you that have been following the blog for awhile, or have browsed the archives, you may have came across my musings on a couple friends of mine (original story, and the update). Long story short, they bought a spec townhouse in mid 2006 for $200,000. Last October they decided theyContinue Reading
So, in an e-mail I was asked why I haven’t referenced the bond market in awhile since they’re so important to interest rates. Well, the reason is simple, because I haven’t felt they’ve moved enough to warrant a change in interest rates, so their fluctuations are not really of muchContinue Reading
Another big month in July sales wise, setting a record even. Amazing what record low interest rates can do even in a recession. Prices were more mixed, as we’ve seemed to have turned the corner into the summer and the traditional cooling of the market. Obviously sales were strong forContinue Reading
Excellent question. The long of the short of it is the EREB hasn’t posted it yet, so it’s not available. They usually take two business days into the new month, so it’s not really late, it just seems so, and with the long weekend I’d expect it tomorrow. So, onceContinue Reading
Greetings freaks and geeks, hope you’re all ready for the long weekend. Before you go, here is the affordability update I promised. As you may have noticed, suddenly this spring the word ‘affordability’ magically returned to the lexicon of the real estate pumper. A word nary whispered a year ago,Continue Reading
Had been preparing an update on the affordability numbers, but then noticed the latest arrears figures were out, so we’ll knock that one out first and leave affordability for later this week. As the title implies, there has been no slowing this spring, and as of May we were upContinue Reading
I’m sure literally none of you have wondered to yourselves, “how does one become a contrarian blogger?” Well, it’s not a terribly interesting story, and doesn’t pay nearly as well as telling people what they want to hear, actually, it doesn’t pay period… but as my experience in the lastContinue Reading