Found 202 blog entries tagged as real estate.

 

What You Need to Obtain a Mortgage

A home purchase is one of the largest assets and the biggest debt that a person will have. If this is your first time obtaining mortgage, then there are a few things that you need to know about what is required to qualify.

Credit History: How is your current credit and how has it been in the past? Your financial institution will look at your rating, and that everything is in good standing. If you are able to manage your debt, then it reflects on your ability to manage house payments.

Debt Load: What are your liabilities? How much debt do you have? Your financial institution will look at the amount that you owe compared to the amount that you earn. Your debts should not exceed 40 to 42 % of your gross…

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New House Prices On The Rise In Alberta

The average price of newly built homes in Alberta was on a downward trend before the pandemic, but has picked up some steam in recent months.

As of February 2020 (the month before the pandemic was declared), the new home price index for Alberta was 2.6 per cent below where it was in December 2016.

The price index barely moved during the pandemic in 2020, but it did get as low as 3.3 per cent below the baseline set in December 2016.

The index ticked up slightly in each of the first four months of 2021 to reach its highest level in six years. The increase, however, was modest at just 1 per cent above where things stood at the end of 2016.

The paths…

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Victoria Day 

Why is May 24th known as Victoria Day?

“The 24th of May is the Queen’s birthday If we don’t get a holiday, we’ll all run away!”

Canadians observe Victoria Day on May 24th or on the preceding Monday. For most of us, the arrival of this day means we can start planting our vegetable and flower gardens and put the long winter behind us. For the majority of Canadians, it also means a welcome long weekend. But how did Victoria Day come about, and why do we celebrate it?

Origins

This holiday is named after the British monarch who gave royal assent to Confederation. Queen Victoria, who reigned over Great Britain, was born on May 24, 1819. She enjoyed the longest reign in British history, ascending the throne in 1837 and ruling until…

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Best March On Record For Alberta Oil Production

ATB Economics | May 12, 2021


After pulling back in January and February, the volume of daily oil production in Alberta increased by 1.5 per cent in March, averaging 3.62 million barrels per day.

This is the best March on record with year-over-year production up by 1.2 per cent compared to March 2020 and by 4.4 per cent compared to March 2019.

Average daily oil production got as low as 2.89 million barrels in May 2020.

Even with the pandemic still in play in Alberta and around the world, strong oil prices (WTI futures have been above $US60 per barrel since mid-April) and the economic recovery in the U.S. should continue to push up…

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ATB Economics | May 10, 2021

Lumber Prices Setting Records

   

The surge in lumber prices over the last year has been stunning with North American benchmark prices setting new records each week. Chicago lumber futures, for example, started 2020 at just over US$400 per thousand board feet but hit the 1,700 mark at one point on Friday.

With COVID-related restrictions in the U.S. easing and the spring construction season underway, the demand for lumber south of the border has increased.

At the same time, the Canadian residential construction industry is expected to do well this spring and summer. Data…

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