For recent 2011 news: click here
 

For archived 2010 Calgary real estate news articles: click here
For archived 2009 Calgary real estate news articles: click here
For archived 2008 Calgary real estate news articles: click here
For archived 2007 Calgary real estate news articles: click here

  December 2008
 

December 30, 2008 - Globe & Mail
Classic supply-demand conundrum unfolds (Commercial) read more...

December 30, 2008 - Financial Post
Concern for North America house prices read more...

December 27, 2008 - Calgary Herald
What goes up, must come down, says builder read more...
Funding for Bow tower lined up read more...

December 27, 2008 - Calgary Sun
Expert says housing prices to decline in 2009 read more...
’Canadian grass’ definitely greener read more...

December 18, 2008 - Globe & Mail
Warnings about risky mortgages ignored read more...

December 17, 2008 - Globe & Mail
More real estate funds frozen read more...

December 17, 2008 - Calgary Sun
Office vacancy rates up read more...

December 16, 2008 - Calgary Herald
Increase in Calgary’s office space a bad omen: CBRE read more...

December 15, 2008 - Globe & Mail
Existing Cdn. home sales drop 12% from October read more...

December 15, 2008 - Financial Post
Your home may be worth more than you thought: CREA read more...

December 15, 2008 - Calgary Herald
Canadian MLS sales slide 42% year-over-year read more...
Calgary struggles to reign in sprawl read more...
City’s high density projects stir debate read more...

December 13, 2008 - Globe & Mail
How high risk mortgages crept north read more...

December 13, 2008 - Calgary Herald
’Great correction’ nearly over in the Calgary market read more...
Consumer uncertainty magnifies slowdown read more...

December 12, 2008 - Calgary Herald
Hike in Calgary rental vacancy rate cools prices read more...

December 11, 2008 - Calgary Sun
Bank of Canada warns of possible mass foreclosures read more...

December 11, 2008 - Calgary Herald
Calgary new home prices record biggest drop in 17 years read more...
Calgary housing slump has 18 months root read more...
Calgary rent levels cooling, still highest in country read more...

December 10, 2008 - Calgary Herald
Downtown rents dips after massive run-up read more...

December 9, 2008 - Calgary Sun
CMHC predicts more price drops read more...
 
December 9, 2008 - Globe & Mail
Canada condo building boom halts read more...

December 8, 2008 - Calgary Herald
Alberta housing more affordable, still overvalued read more...
Read the RBC Economic Report here
CMHC: Canada’s housing starts continue to drop read more...

December 3-5, 2008 - Globe & Mail
Stuck on the market read more...
Recession threats weigh in on housing market read more...
Agents see paralyzing indecision among buyers read more...

December 5, 2008 - Calgary Sun

November building permits up this year read more...

Imperial Loft owners worry about abandoned Skytower project read more...

December 4, 2008 - Calgary Herald

Calgary area building permits plummet in October read more...

December 3, 2008 - Calgary Herald

Calgary’s housing market expected to weather storm: RE/MAX report read more...
 

December 2, 2008 - Calgary Herald

MLS sales fall below pre-boom levels read more...

Read my blog post the above article references here

 
  November

• November 19, 2008 - Calgary Herald
  CMHC sees stable housing market read more...
  East Village Riverwalk plan debuts read more...

• November 15, 2008 - Globe & Mail
  Housing slump worsens as National avg prices drop most in 26 years read more...

• November 15, 2008 - Calgary Herald
  Alberta leading Canada despite construction drop read more...
  Encana’s Bow Tower hit by credit crunch read more...
  Nov 18 update: Troubled $1.4B Bow on track: Mayor read more...

• November 15, 2008 - Vancouver Sun
  New home incentives can carry hidden sting for home buyers read more...

• November 14, 2008 - Financial Post
  Canadian home sales fall 14% in October read more...

• November 12, 2008 - Calgary Herald
  Housing slowdown expected to worsen read more...

• November 11, 2008 - Globe & Mail
  Canadian avg home values to drop below $300,000 threshold read more...

• November 10, 2008 - Calgary Herald
  Canadian new house prices rise in September (down 1.2% in Calgary) read more...
  No let up seen in bad news landslide read more...

• November 10, 2008 - Financial Post
  Home construction beats expectations read more...
  Housing sales to drop 12% this year, CREA forecasts read more...

• November 9, 2008 - Calgary Sun
  City sees shift to smaller projects read more...
  Housing market outlook: Cooling read more...

• November 8, 2008 - Calgary Herald
  Inactive Calgary condo sites worry city read more...
  Home inventory rises as sales decline read more...

• November 6, 2008 - Calgary Herald
  Rural housing slumps read more...
  Calgary building permits plunge read more...

• November 6, 2008 - Globe & Mail
  As prices tumble, homeowners best prepare for long haul read more...

• November 5, 2008 - Calgary Herald
  Global turmoil threatens commercial real estate read more...

• November 4, 2008 - Macleans  (Oct 22 & 29th issues)
  No subprime crisis here? Not so fast... read more...
  Canadian house prices start to slip read more...

• November 4, 2008 - Calgary Herald
  Cutting home prices key to sales success read more...

• November 4, 2008 - Calgary Sun
  Real estate in retreat read more...

• November 3, 2008 - Ottawa Sun
  Walking away from a mortgage will hurt you read more...

• November 3, 2008 - Calgary Herald
  Calgary house sales plunge read more...

• November 1, 2008 - Calgary Sun
  No support for Jayman MasterBuilt rumours read more...

• November 1, 2008 - Calgary Herald
  Condo projects feeling pinch as economy slows read more...
  Sales and listings gap narrows in Calgary read more...
  Home building industry looking to the future read more...

  October 2008

• 
  October 31, 2008 - CMHC
    Canadian Housing Outlook, 4th Quarter 2008

• October 31, 2008 - Calgary Herald
  Calgary housing starts set for 37% tumble read more...

• October 30, 2008 - Financial Post
  Canada’s housing market is cool: CMHC read more...

• October 30, 2008 - Globe & Mail
  House listings begin to slow down read more...

• October 29, 2008 - Calgary Herald
  Calgary homeowners face $300 tax hike read more...

• October 28, 2008 - Financial Post
  Canada’s housing market ’tracking’ US boom and bust read more...

• October 28, 2008 - Globe & Mail
  Real estate industry braces for downturn read more...
  Housing market ’alarms’ Merrill read more...

• October 28, 2008 - Calgary Herald
  Calgary real estate still a safe haven read more...

• October 27, 2008 - Calgary Herald
  Eau Claire project could face delays read more...

• October 24, 2008 - Globe & Mail
  Don’t lay global housing bubble on US doorstep read more...

• October 24, 2008 - Calgary Sun
  Calgary faces multi-family future read more...

• October 22, 2008 - Globe & Mail
  Home price slide may be overstated read more...
  Variable mortgages cheaper after rate cut read more...
  Canadian banks sell $5B of mortgages to CMHC read more...

• October 22, 2008 - Vancouver Sun
  US land slide to affect Canadian real estate market read more...

• October 21, 2008 - Globe & Mail
  Commercial real estate faces pinch read more...

• October 20, 2008 - Calgary Sun
  Mortgage rules changed read more...
  Make them an offer they can’t refuse read more...

• October 18, 2008 - Calgary Herald
  Empty construction sites worry city read more...
  Construction pace calmed read more...
  Builders crossing fingers as resale supply decline read more...
  Resale exceeds $1M average in 7 Calgary communities read more...
  Builders sort out rule change fallout read more...
  New developments bring needed space read more...

• October 17, 2008 - Calgary Sun
  Real estate - a time tested investment read more...
  Housing fraud increasing read more...

• October 16, 2008 - Calgary Sun
  Seller’s market returning read more...

Read my viewpoint on the above article here

• October 14, 2008 - Financial Post
  Banks pushing homeowners to lock-in mortgage rates read more...

• October 13, 2008 - Calgary Sun
  Give credit where credit is due read more...

• October 13, 2008 - Calgary Herald
  Industrial real estate vacancy rates rise read more...
  Finance crisis hits home read more...

• October 11, 2008 - Calgary Herald
  New home prices slide 1.1% from August 07-08 read more...
  Market seeks balance as sales keep declining read more...

• October 9, 2008 - Financial Post
  Housing beginning to feel global chill read more...
  Ottawa to buy, repackage mortgages to help banks read more...

• October 9, 2008 - Calgary Herald
  Housing starts dive 56% read more...

• October 9, 2008 - Globe & Mail
  Real estate industry seeks to quell fears read more...
  Mortgage lenders grapple with the credit crunch read more...

• October 8, 2008 - Calgary Herald
  Secondary suite incentives OK’d read more...
  Little relief for renters as vacancies rise read more...
  Traffic worries stop residential project read more...

• October 7, 2008 - Globe & Mail
  Home prices to slide, not crash: economist read more...

• October 6, 2008 - Calgary Herald
  Calgary house prices drop in 3rd quarter read more...

• October 4, 2008 - Calgary Herald
  Buyers still want to get into home ownership read more...
  Housing industry gives helping hand read more...
  Building permits for Calgary down 42% read more...

• October 3, 2008 - Calgary Sun
  Calgary real estate market back to normal read more...

• October 2, 2008 - Calgary Herald
  Home price slide in double digits read more...
  Mortgage defaults on the rise read more...

• October 1, 2008 - Financial Post
  Canadian housing market faces US-style bust: Shiller read more...

• October 1, 2008 - Calgary Herald
  Alberta leads slide in housing read more...

  September 2008

• 
  
  September 30, 2008 - CIBC World Markets
  Where’s the trigger for a Canadian house price crash? read more...

• September 30, 2008 - Calgary Sun
  Mortgage crisis can hit renters read more...

• September 30, 2008 - Financial Post
  Canada close to buyer’s market, but not a bust: CIBC read more...

• September 27, 2008 - Globe & Mail
  Mortgage rates climb as squeeze tightens read more...
  
  There are still some deals out there though (as of Sept 26th)
  Canadian Tire Bank:  4.99% 5 Year Fixed Rate
  ING Direct:  4.99% 1-year fixed, 5.25% 5 year fixed

• September 27, 2008 - Calgary Herald
  Home-buyers gauging market read more...
  Development on Calgary’s periphery continues unabated read more...

• September 25, 2008 - Globe & Mail
  Why the housing market is not set to melt down read more...

• September 25, 2008 - Calgary Herald
  Old listings seen piling up read more
  
  The article above quotes from my blog entry entitled:
  ’Days on Market’ (DOM) Stat & Calgary’s Market Today 

• September 25, 2008 - Calgary Herald
  Cooling expected in Canada’s high end real estate read more...
  Housing market feels fall chill read more...

• September 24,2008 - Globe & Mail
  Canada could face housing woes, Merrill warns read more...
  
  Read the Merrill Lynch report here

• September 20, 2008 - Calgary Herald
  City builders hopeful despite slowdown read more...

• September 18, 2008 - Calgary Herald
  Report predicts more tough times for homebuilding industry read more...

• September 17, 2008 - Calgary Herald
  Office vacancy rates expected to climb read more...

• September 17, 2008 - CBC News
  Work stops on another Calgary condo project read more...

• Septmber 16, 2008 - Calgary Sun
  Calgary home prices drop 8% from August 2007 read more...

• September 15, 2008 - Calgary Herald
  Drop in Calgary home prices leads nation read more...

• September 11, 2008 - Calgary Herald
  Calgary condo market returning to normal read more...
  It’s a buyers market - for now read more...

• September 10, 2008 - Calgary Herald
  New housing starts dive 60% year-over-year read more...

• September 9, 2008 - Calgary Herald
  City bows to pressure, cuts construction fees read more...
  224 unit affordable housing tower in beltline could start in spring read more...

• September 9, 2008 - Calgary Sun
  Calgary building permit value rises in July, mostly due to non-residential read more...

• September 8, 2008 - CBC News
  Urban real estate values set to plunge, UBC expert forecasts read more...
  
  <<According to the study, Calgary prices need to drop 7% - 11% to reach equilibrium while Edmonton is actually 8% below the study’s equilibrium level.>>
  
  To read the entire 26 page report: CLICK HERE 

• September 8, 2008 - Calgary Herald
  Building permit values rise in Calgary, slip across Alberta read more...

• September 7, 2008 - Calgary Herald
  Builders take stock as construction boom meets buyer decline read more...

• September 6, 2008 - Calgary Herald
  Housing inventory reaching ’normal levels’ read more...

• September 5, 2008 - Calgary Herald
  Bridgeland developer bullish despite slowdown (11 storey project) read more...

• September 4, 2008 - Canada Press
  Some Canadians turn to co-ownership read more...

• September 4, 2008 - Edmonton Sun
  The lowdown on house prices read more...

• September 3, 2008 - Calgary Sun
  Resale prices decline read more...

• September 2, 2008 - Calgary Herald
  Average sales price for a house drops 9% read more...
  Post secondary housing crunch read more...

• September 1, 2008 - Calgary Herald
  Sales of used homes decline  read more...

  August 2008

• 
  
  August 2, 2008 - Calgary Herald
  Silver lining seen as house prices fall read more...

• August 1, 2008 - Calgary Sun
  No guarantees in Calgary housing market read more...

  July 2008

• July 29, 2008 - Calgary Sun
  Housing price dip expected read more...

• July 27, 2008 - Calgary Herald
  Airdrie on the move read more...

• July 26, 2008 - Calgary Herald
  Luxury housing demand good sign for the city read more...
  City population growth to boost housing demand read more...
  Local real estate an ’anomaly’ read more...

• July 25, 2008 - Calgary Herald
  Calgary average home price down $43,000 from last July read more...
  Offices head to suburbs because of rent, parking read more...

• July 24, 2008 - Calgary Herald
  Prime Calgary office rent highest in Canada read more...

• July 22, 2008 - Calgary Herald
  Energy prices fueling downtown demand read more...
  Housing supply crunch eases read more...
  Calgary’s population growth back to normal read more...

• July 19, 2008 - Calgary Herald
  Housing construction pace to improve in 2009 read more...
  Mortgage changes faced by buyers read more...
  Condo sales high in Zone C (SW Calgary) read more...
  Calgary Industry land reaches $1M per acre read more...

• July 18, 2008 - National Post
  CMHC not likely to see Fannie, Freddie fate read more...

• July 18, 2008 - Calgary Herald
  Calgary home prices slide as Canada chalks up gains read more...
  Alberta building projects mushroom read more...

• July 17, 2008 - Globe & Mail
  Home prices will rise 3.5%, Royal Lepage says read more...

• July 17, 2008 - Calgary Herald
  Calgary house prices fall despite national increase read more...

• July 17, 2008 - National Post
  No housing bubble in Canada: Flaherty read more...

• July 16, 2008 - Calgary Herald
  Calgary home sales take 32% slide read more...

  
  "It’s clear looking at the data that I’m looking at, that in terms of the prices, they’ve stabilized," he said. "Anyone expecting a continued decline in average price will be surprised and disappointed." - Gregory Klump, CREA’s Chief Economist.
  
  What are your thoughts on this?  Email me

• July 16, 2008 - Globe & Mail
  House prices hit brakes read more...
  Home prices slip for first time in 9 years read more...

• July 15, 2008 - National Post
  West leads drop as Canadian housing slumps read more...

• July 15, 2008 - Calgary Herald
  Calgary experiences largest year-over-year sales decline read more...
  Commercial vacancies increase in Calgary: report read more...

• July 14, 2008 - Edmonton Journal
  Housing-start decline not sign of a dying market read more...

• July 12, 2008 - Calgary Herald
  New house prices flat in cool Calgary market read more...
  Affordable housing development unveiled on Vermillion St. NE read more...
  Evergreen tops resale buys in Q2 read more...

• July 11, 2008 - Toronto Star
  ING, CIBC, BMO immediately end offering 40 year mortgages read more...

• July 11, 2008 - Calgary Sun
  Mortgage rule change impact dismissed read more...
  Housing ’glut’ only a temporary situation read more...
  Rail-link proposal from Airdrie, Cochrane & Okotoks to Calgary read more...

• July 11, 2008 - Calgary Herald
  New house price increases slow as market softens read more...

• July 10, 2008 - Globe & Mail
  Federal crackdown could spark housing sales read more...

• July 10, 2008 - Calgary Herald
  Calgary new housing starts lowest since 1995 read more...

• ***July 9, 2008 - Globe and Mail***
  Ottawa tightens mortgage rules to avoid ’bubble’ read more...
  (40 year mortgages, 0% down no longer backed or insured as of October)

• July 9, 2008 - Calgary Herald
  Calgary still has right stuff for investors read more...

• July 9, 2008 - Globe & Mail
  Housing starts slow in June (Canada) read more...

• July 8, 2008 - Calgary Herald
  Alberta building permits trimmed read more...

• July 7, 2008 - Calgary Herald
  May building permits rise unexpectedly (Canada) read more...

• July 6, 2008 - Edmonton Sun
  A shaky foundation read more...

• July 5, 2008 - Calgary Herald
  Calgary resale market seen as turning corner read more...
  Prices rising faster within inner Calgary read more...
  Calgary rental vacancies quadruple from last year read more...
  Arcus Developments condominium tower "Astoria" read more...

• July 3, 2008 - Calgary Herald
  Calgary prices stable as sales take steep decline read more...

• July 3, 2008 - Calgary Sun
  CREB say list long and prosper read more...

• July 1, 2008 - Calgary Herald
  Rental crisis fund hits $43.5M read more...

  June 2008

• June 28, 2008 - Calgary Herald
  Resale prices likely to remain stable read more...

• June 28, 2008 - The Gazette
  Real Estate meltdown? Not likely read more...

• June 28, 2008 - Calgary Sun
  Vacancy rates may rise read more...

• June 27, 2008 - Calgary Sun
  Long-term view key to real estate read more...
  Housing boom fizzing read more...

• June 27, 2008 - Globe & Mail
  Housing drop looming in Canada? read more...

• June 27, 2008 - Calgary Herald
  Alberta housing boom over read more...
  Report raises concerns about Calgary’s real estate read more...

• June 26, 2008 - Calgary Herald
  Housing boom has come to an end: report read more...

• June 26, 2008 - Toronto Star
  Housing market cooling down: TD read more...

• June 24, 2008 - Calgary Herald
  $10 million Condo sets new record read more...

• June 23, 2008 - Globe & Mail
  Soft landing seen for Canada’s housing market read more...

• June 22, 2008 - Calgary Herald
  Crescent Heights home smashes sales record at $7.5 Million read more...

• June 21, 2008 - Calgary Herald
  Construction pace in May lowest level in 13 years read more...
  City of Calgary to study growth read more...

• June 19, 2008 - Calgary Herald
  Rent-weary businesses turn to condominiums read more...

• June 18, 2008 - Calgary Herald
  Vacancy rate (commercial) in city core to jump read more...

• June 14, 2008 - Globe & Mail
  Resale listings jump, but sales, prices, cool read more...

• June 14, 2008 - Calgary Sun
  Calgary home sales dip read more...

• June 14, 2008 - Calgary Herald
  Home prices drop in Calgary read more...
  National resale home activity will decline read more...
  Construction to drop to lowest in 8 years read more...

• June 13, 2008 - Globe & Mail (Report on Business)
  Home listings flood Canadian market read more...

• June 12, 2008 - Globe & Mail (Report on Business)
  Mortgage rates heading higher read more...

• June 11, 2008 - Statistics Canada (New Home Price Index)
  Calgary new home prices rise 2.5% April ’07-’08, slower market  read more...

• June 11, 2008 - Calgary Sun
  Cottage market down slightly read more...

• June 10, 2008 - Globe & Mail (Report on Business)
  ’Modest Increase’ foreseen for mortgage rates read more...

• June 10, 2008 - Calgary Sun
  Condos right at home in stats read more...

• June 7, 2008 - Calgary Herald
  Calgary resale listings double compared to last year read more...
  Encana credited for Calgary permit decline over 2007 read more...

• June 6, 2008 - Calgary Herald
  Value of building permits jumps read more...
  Tenants forced to share rent read more...

• June 5, 2008 - CMHC
  Calgary vacancy rate rises, avg rent up 6%, and highest in the country read more...

• June 5, 2008 - Calgary Herald
  M.D. of Rocky View rural development tabled read more...
  Homeowner rate high despite costs read more...

• June 4, 2008 - Globe & Mail (Report on Business)
  Home ownership at record levels...so it mortgage debt read more...

• June 4, 2008 - Calgary Sun
  Inner-city house prices among hottest in country read more...

• June 4, 2008 - Calgary Herald
  Retail vacancies at record low 1% read more...

• June 3, 2008 - Calgary Herald
  Home sales plunge from last year’s level read more...
  Mount Royal and Scarboro in Top 5 for home value growth read more...
  House building breaks record read more...

• June 2, 2008 - Globe & Mail (Report on Business)
  Residential construction jumps 7.5% in 1st Qtr read more...

• June 1, 2008 - Calgary Herald
  Rural real estate stays strong as buyers flee big city read more...
   

  May 2008

• May 17, 2008 - Calgary Sun
  Calgary housing market hasn’t fallen into basement read more...

• May 17, 2008 - Calgary Herald
  Construction pace decline 56% read more...
  Housing industry focuses on ’green’  read more...
  Resilient Canada safe from US-like crisis read more...
  Prices soar within inner-city area read more...

• May 16, 2008 - Calgary Herald
  Resale price forecast to rise 3.6% read more...
  Read the CMHC report the article above is based on here
  Higher vacancy rates bring no relief to renters read more...

• May 15, 2008 - Real Estate Trends Report (Scotia Economics)
  Canada’s housing market comes off the boil read more...

• May 15, 2008 - Calgary Sun
  Canadian housing boom is over read more...
  Report says realty bubble may go flat read more...

• May 15, 2008 - Globe & Mail (Report on Business)
  Cracks appear in the real estate market read more...

• May 15, 2008 - Calgary Herald
  Buyers market read more...
  Houses staying longer on market read more...
  Housing starts set to rebound in 2009 read more...

• May 14, 2008 - Financial Post
  Prices slow as home listings hit new high read more...

• May 14, 2008 - Calgary Herald
  Corporate Calgary lusts for top offices read more...

• May 13, 2008 - Calgary Sun
  Home prices gaining ground read more...

• May 13, 2008 - Calgary Herald
  Calgary bucks trend with modest new home price hike read more...

• May 12, 2008 - Calgary Herald
  Growth in new housing prices slows read more...

• May 10, 2008 - Calgary Herald
  Resale prices stable as market balloons read more...
  Alberta has largest sales decline read more...
  Condo buyers must find out what they’re paying for read more...
  MLS home for sale inventory hits record high read more...
  New construction in Calgary still on a tear read more...

• May 9, 2008 - Calgary Herald
  Calgary housing starts plunge 56% read more...

• May 7, 2008 - Calgary Herald
  House prices will rise, but sales expected to slide read more...
  Calgarians lead nation in condo investment read more...

• May 7, 2008 - Calgary Sun
  Calgary building boom hits brakes read more...

• May 6, 2008 - Globe & Mail (Report on Business)
  Canadian sales of existing homes forecast to drop this year read more...

• May 6, 2008 - Calgary Herald
  Sales soar in strong quarter for Calgary commercial real estate read more...

• May 4, 2008 - Toronto Sun
  Status of real estate in Canada? Depends on who you ask read more...

• May 3, 2008 - Calgary Herald
  Prices are soaring for acreage homes read more...

• May 2, 2008 - Calgary Herald
  Calgary home sales drop read more...

• May 1, 2008 - Calgary Herald
  Alberta housing prices dictated by local economies read more...
  Century 21 Canada Spring National House Price Survey  read more...

  April 2008

• April 30, 2008 - Calgary Herald
  Alberta at head of housing slowdown read more...

• April 28, 2008 - CBC News
  Calgary vacancy rate jumps amid sluggish condo sales read more...

• April 28, 2008 - Financial Post
  Mortgage market enters ’uncharted waters’ : Scotiabank  read more...

• April 27, 2008 - Calgary Herald
  Is housing influenza infecting Calgary? (Garth Turner, Don Campbell viewpoints) read more...

• April 25, 2008 - Canadian Business Magazine
  Real estate guide 2008: Safe as houses?  read more...

• April 24, 2008 - Financial Post
  Concord to build $5M condos in Calgary (1st Ave, 6th St SW) read more...

• April 24, 2008 - Calgary Sun
  Housing woes hitting home read more...

• April 23, 2008 - Calgary Herald
  First-time buyers get long awaited break read more...
  To view the RE/Max Affordability Report referenced in the article above: click here

• April 23, 2008 - Calgary Sun
  Positive market for home buyers read more...

• April 22, 2008 - Calgary Herald
  Morrison defends title as top home builder read more...
  Alberta mortgage debt reaches $60B read more....
  Bank of Canada cuts key rate to 3% read more...

• April 19, 2008 - Calgary Herald
  Housing demand declines in Calgary read more...
  Prices holding as number of units increases read more...
  Condo buyers slower to make purchase read more...

• April 18, 2008 - Globe & Mail (Report on Business)
  Housing sales tumble across Canada read more...

• April 18, 2008 - Calgary Herald
  Calgary home sales plummet.  Canadian housing boom ’officially over’ read more...

• April 16, 2008 - Calgary Herald
  Luxury home demand stays strong in Calgary read more...

• April 15, 2008 - Calgary Herald
  ’Old World’ village to rise in Canmore, $1.5B resort read more...

• April 12, 2008 - Calgary Herald
  Calgary market adjusting to new reality, says expert read more...
  Complete list of winners of national housing awards read more...
  Buyers given facts about condos, guide available  read more...
  Renovations can help increase resale value read more...
  Sky isn’t falling on Calgary condo market  read more...

• April 12, 2008 - Calgary Sun
  Vacancy rates creep up read more...

• April 11, 2008 - Calgary Sun
  Alberta housing market headed for cool-down period read more...

• April 11, 2008 - Calgary Herald
  TD report sees cooling trend for housing starts read more...
  New house prices edge up in February read more...

• April 9, 2008 - Calgary Herald
  Calgary condo building surges read more...

• April 8, 2008 - Calgary Herald
  Housing starts hit new high for Calgary region read more...

• April 4, 2008 - Calgary Sun
  House prices stable  read more...

• April 4, 2008 - Calgary Herald
  Home prices extend gains read more...

• April 3, 2008 - Calgary Herald
  Housing slowdown felt across Alberta read more...
  Sale price of resale homes climbs nearly 10% in Calgary read more...

• April 3, 2008 - Calgary Sun
  Numbers show Calgary home prices up, but sales down read more...

• April 3, 2008 - Globe & Mail (Report on Business)
  Home prices still rising across Canada in 1st Qtr 2008 read more...

• April 2, 2008 - Calgary Herald
  Calgary MLS listings surge read more...

• April 1, 2008 - Calgary Herald
  Land prices sizzle on Calgary boom read more...
  Calgary housing market cooling off read more...

  March 2008

• 
  
  March 29, 2008 - Calgary Herald
  Resale housing prices predicted to soften read more...
  Major renovations boost resale compared to do-it-yourself read more...
  Condos still seen as most affordable read more...

• March 27, 2008 - Calgary Herald
  Condo study disputes fear of market bubble read more...
   
• March 27, 2008 - Calgary Real Estate News (CREN)
  Selling a home in Calgary may take a little longer read more...
  Documents needed when dealing with condominiums read more...
   
• March 26, 2008 - Calgary Herald
  Calgary condo prices will continue to rise: report read more...  
• March 26, 2008 - Globe & Mail (Report on Business)
  Condo sales to slow in 2008: survey read more...
• March 25, 2008 - Calgary Herald
  Calgary land for homes doubles in value read more...  
 

• March 24, 2008 - CTV.CA
  Experts split over future housing prices in Canada read more... 

• March 22, 2008 - Calgary Herald
  Calgary resale market suffers deepest decline in Canada read more...
  Young homeowners getting creative read more...
  Demand for rental units to soften in Calgary read more...
  Construction pace lowest since 1996 read more...
   
• March 20, 2008 - CREN (Calgary Real Estate News)
  Okotoks land sought after by city dwellers read more...
  National MLS home sales ease in February read more...
   
• March 19, 2008 - Calgary Herald
  Bathroom & kitchen upgrades offer best return on investment: report read more...
  Read the full report quoted in the article above here
  Paying off mortgage priority for new homeowners read more...
• March 15, 2008 - Calgary Herald
  Homebuyers must expect extra expenses / closing costs read more...
  Mortgage rate declines to help home buyers read more...
  Make a plan before buying a home read more...
• March 14, 2008 - RBC Economics Report
  Housing affordability to improve in 2008 read more...
  RBC Housing Affordability report   read it here
   
• March 14, 2008 - Globe and Mail (Report on Business)
  Canadian housing affordability drops to 18 year low read more...
• March 13, 2008 - Calgary Herald
  International real estate investors flock to Calgary read more...
• March 11, 2008 - Calgary Herald
  Increase in cost of new Calgary housing slows to 5.6% in Jan YoY read more...
  Calgary condo starts outshine single family homes read more...

• March 10, 2008 - Globe and Mail (Report on Business)
  Canadian housing starts top expectations read more...
     
• March 8, 2008 - Calgary Herald
  Calgary’s housing industry alive and well read more...
  Alberta resale totals decline in February read more...
  Potential buyers need to plan ahead read more...
  Potential oversupply of condos may affect multi-family market read more...
  Expert advice can help condo buyers read more...
 

• March 7, 2008 - Calgary Herald
  Alberta bucks national building slowdown read more...

• March 5, 2008 - Calgary Herald
  Poll - Albertans less eager to buy homes read more...

• March 4, 2008 - Calgary Herald
  New MLS listings, prices rise read more...
  Province spends most on housing read more...
   
• March 3, 2008 - Calgary Herald
  Home building investments up 8.5% in 2007 read more...
  Inflation drives up new housing expenditures read more...
   
• March 1, 2008 - Calgary Sun Housing industry an economic force read more...
   

• March 1, 2008 - RBC (Royal Bank)
  Effective immediately, RBC no longer allows Assumable with No Qualifying mortgages.  Clients assuming mortgages must now qualify to do so.

• March 1, 2008 - Calgary Herald
  Calgary resale market seen as ’self-cleaning’ read more...
  Building permit pace almost double in Calgary read more...
  Alberta home listings surge nearly 43% read more...
  Coventry Hills top area for housing sale read more...
  ’Breather’ for housing market read more...

  February  2008

• 
  February 29, 2008 - Calgary Herald
  House sales volume plunges, but price increases read more...
  Canada’s home construction industry profit slides read more...

• February 29, 2008 - Globe and Mail (Report on Business)
  Canadian home resales volume drops 6.3% YOY read more...

• February 26, 2008 - Calgary Herald
  Canadian real estate stable despite US turmoil read more...

• February 26, 2008 - Globe and Mail (Report on Business)
  Real estate market to moderate, economist says read more... Canadians spend more on housing, less on taxes read more... ...
...

• February 22, 2008 - Calgary Sun
  New mortgages allow more immigrants to buy real estate read more...
  Calgary house prices nearly triple in ten years read more...

• February 22, 2008 - Calgary Herald
  Calgary home prices up 189% in a decade read more...
  Lawyers predict condo maintenance headache read more...

  
  It’s imperative to have the condo documents professionally checked prior to purchase.  Bernie Winter, who owns Condo-Check, which looks over documents and reports for prospective condo buyers, said her company found damage at the NW Edgemont (Edgecliffe Estates ) complex back in September 2006.

• February 21, 2008 - CREN (Calgary Real Estate News)
  MLS market more balanced in January read more...
  Rental market reprieve read more...

• February 21, 2008 - Calgary Herald
  First-time home buyers brave costly market read more...
  Edgecliffe Estates owners face $10 million repair bill read more...

• February 20, 2008 - Calgary Sun
  Housing prices may rise despite drop in construction values read more...

• February 20, 2008 - Calgary Herald
  Calgary building permits gain 29% read more...
  Calgary apartment rental crunch eases read more...

• February 19, 2008 - Calgary Sun
  House Construction Erosion Safety Review wanted for Calgary residents read more...

• February 16, 2008 - Calgary Herald
  Calgary real estate listings jump thirty-five percent read more...
  Calgary new construction decline predicted read more...
  First-time homebuyers big on small read more...

• February 16, 2008 - Calgary Sun
  Slower start to year no surprise read more...

• February 15, 2008 - Calgary Sun
  Calgary housing forecast strong read more...

• February 15, 2008 - Globe and Mail
  Canada: ’The great boom is winding down’  read more...

• February 15, 2008 - Calgary Herald
  Calgary real estate market shines as US takes its lumps read more...
  Residential listings surge to new record read more...

• February 14, 2008 - Calgary Herald
  Calgary suburbs battle city on housing values read more...

• February 12, 2008 - Calgary Herald
  New home price growth cools in Calgary read more...

• February 11, 2008 - Statistics Canada
  December 2007 New Home Price Index read more...

• February 8, 2008 - CMHC
  Housing Starts rebound in January read more...

• February 7, 2008 - Calgary Herald
  Alberta, Ontario pushing building permits to record read more...

• February 6, 2008 - Calgary Herald
  Calgary apartment pendulum swings in renters favor read more...
   
• February 5, 2008 - Calgary Herald
  Average MLS sale price seen rising despite lower demand, job growth read more...
   
• February 4, 2008 - CMHC
  Housing Market Outlook, Canada Edition 2008 read more...
   
• February 4, 2008 - Calgary Herald
  Housing soars in Canmore read more...
   
• February 2, 2008 - Calgary Herald
  Calgary planning delays raise affordability fears read more...
  Carstairs population to double read more...
  Buyers need to ask questions read more...
  Mortgages changes affect market read more...
  Slowing of housing market doesn’t faze industry read more...

• February 1, 2008 - Calgary Herald
  Calgary house prices storm ahead read more...
  Women lead revolution in home ownership read more...
  Recreation buyers skipping US for Canmore read more...

  January  2008

• 
  January 29, 2008 - Demographia International Affordability Housing Survey
  The report referenced in January 29th Calgary Herald, 2007 Q3  read more...

• January 29, 2008 - Calgary Herald
  Calgary ties with Toronto to be ’seriously unaffordable’ read more...
  $5.6B permits to build put Calgary on top read more...
  MLS sales in Alberta cross $25B read more...
  Council at odds over delaying Calgary development read more...

• January 28, 2008 - Financial Post
  2007 best year for Canadian home sales read more...

• January 26, 2008 - Financial Post
  Mortgage - to fix or float?  read more...

• January 26, 2008 - Calgary Herald
  Housing market set to catch spring fever read more...
  Buyers seek homes outside Calgary city limits read more...
  What you need to know about recreational properties read more...

• January 24, 2008 - Calgary Real Estate New (CREN)
  Real estate forecast indicates balanced market in ’08 read more...

• January 24, 2008 - RBC Economics Research
  Housing affordability forecast to improve in 2008 read more...

• January 19, 2008 - Calgary Herald
  Calgary construction pace weakest in 6 years read more...
  Calgary new home detached starts drop read more...
  Investors renting out condos expected to boost vacancy rate read more..

• January 17, 2008 - Calgary Herald
  Calgary house prices to inch toward $500,000 read more...

• January 16, 2008 - Calgary Herald
  Resale homes break record read more...
  New Calgary real estate boss predicts year of balance read more...

• January 12, 2008 - Calgary Herald
  Calgary builders hope 2008 will return to sustainable pace read more...
  Average selling price climbs 18% read more...
  Calgary condo demand ease - construction to decline 4% read more...

• January 11, 2008 - Calgary Herald
  Alberta construction permits break records read more...
  Calgary’s house price growth lags national average read more...

• January 10, 2008 - CREN (Calgary Real Estate News)
  National forecast indicates sustainable market in 2008 read more...
  Resale home sales remain steady in December read more...
  It’s a great time for home seekers in Calgary read more...
  Essentials of finding the right mortgage read more...

• January 10, 2008 - Calgary Herald
  Housing starts slide after record 2006 read more...

• January 10, 2008 - Calgary Sun
  2007 big year for housing starts continues strong read more...

• January 9, 2008 - Globe and Mail (Report on Business)
  Calgary housing prices come back to earth read more...

• January 9, 2008 - Calgary Herald
  Calgary condos gain edge on ’burbs read more...
  Airdrie building permits hit record in 2007 read more...

• January 5, 2008 - Calgary Herald
  Suburbs lead rise in Calgary home values read more...
  Builders ’victims of the market’ in 2007 read more...
  Return to ’normal’ predicted for 2008 read more...
  Construction slowdown seen as needed in Edmonton read more...
  Approval process blamed for ’07 decline read more...
  Condos seen as affordable option for many first time homebuyers read more...

• January 4, 2008 - Calgary Herald
  Coventry Hills top choice for single family homebuyers read more...

• January 3, 2008 - Calgary Herald
  Home prices rise $72,000 in Jekyll & Hyde year read more...

Buying or selling in or around Calgary? 

Mike Fotiou
First Place Realty
Realtor, Certified Condominium Specialist, Accredited Buyer’s Representative, and Commissioner for Oaths in the Province of Alberta
Direct: (403) 554-2284
www.FindCalgary.ca