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Edmonton Detached Housing Prices Hit Historical High

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Posted by Brian Ripley's Canadian Housing Price Charts

on Thursday, 11 December 2014 01:36

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In November 2014 Edmonton single family detached average prices (green plot line) hit a new historical high while the rest of the big city metros took a break under their respective highs in a year that is seeing the total MLS sales across Canada project the biggest single sales year since the 2008-2009 plunge.

It remains interesting to note that the combined average price of a Vancouver, Calgary & Toronto condo is currently 26% more expensive than a median priced Montreal SFD and note also that in the spring of 2006, those 3-City average condos zoomed 58% in price (over $100,000) in just 3 months as the buy side of the market freaked out over the inversion of the 10yr less the 2yr spread as it went negative (Yield Curve). 

Mattress money has gushed into condos with no respect for fundamentals or plan for contingencies that may be required if Pit of Gloom II develops and one must write off capital gains and rely on employment earnings.

The average detached housing prices for Vancouver, Calgary, Edmonton, Toronto, Ottawa* and Montréal* as well as the average of Vancouver, Calgary and Toronto condo (apartment) prices (Left Axis). 

On the right axis is the MLS Annual Total Residential Sales across Canada; the most recent data point being a projection to year end. 

 



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Real Estate

US Primary Residence Rents Turning Up Strongly

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Posted by Global Economic Trend Analysis

on Thursday, 27 November 2014 04:41

Rents up 6.5% in San Francisco, & 4.5% in numerous other cities. 

"Owners’ equivalent rent and rent of primary residence, which together account almost of a third of the CPI basket, are turning up strongly.

OER VP1

....read more HERE

 



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Real Estate

3 Best Markets for Real Estate

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Posted by MoneyTalks Editor

on Monday, 24 November 2014 14:54

Michael interviewed private and alternative investment expert Craig Burrows on his three favourite real estate markets and the three MUST ASK questions before considering any real estate investment.

CLICK BELOW to listen to the full interview.


craigburrowsPresident & CEO of TriView Capital Ltd. - www.triviewcapital.com



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Real Estate

CDN Real Estate: Detached Housing Prices in 6 Big Cities

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Posted by Brian Ripey's Canadian Housing Price Charts

on Monday, 24 November 2014 08:23

5842961

The chart above shows the average detached housing prices for Vancouver, Calgary, Edmonton, Toronto, Ottawa* and Montréal* as well as the average of Vancouver, Calgary and Toronto condo (apartment) prices (Left Axis). On the right axis is the MLS Annual Total Residential Sales across Canada; the most recent data point being a projection to year end.

In October 2014 Toronto single family detached average prices hit new historical highs on Absorption Rates that are the highest among Canada's 6 biggest cities. Look also at the total MLS sales across Canada which are projecting the biggest single year since the 2008-2009 plunge. It's been a banner year for sales.

Meanwhile Edmonton, Ottawa and Montreal prices ticked down in their flat channels along with Calgary prices that dropped with the energy patch selloff while Vancouver ticked up inside Bull Horse Mt.  

It remains interesting to note that the combined average price of a Vancouver, Calgary & Toronto condo is currently 25% more expensive than a median priced Montreal SFD and note also that in the spring of 2006, those 3-City average condos zoomed 58% in price (over $100,000) in just 3 months as the buy side of the market freaked out over the inversion of the 10yr less the 2yr spread as it went negative (Yield Curve). 

Mattress money has gushed into condos with no respect for fundamentals or plan for contingencies that may be required if Pit of Gloom II develops and one must write off capital gains and rely on employment earnings.



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Real Estate

Canadian Housing Market, Bubble or Not?

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Posted by The Economist via Visual Graphic

on Friday, 21 November 2014 12:48

original

For Canadians, a topic of conversation that comes up often is the housing market. More specifically, whether or not Canada is in a bubble – and if so, will it burst?

It is no secret that Canada has some of the highest real estate prices in the world. Real estate prices were not even slightly slowed by the late 2000s global recession; in fact, they kept climbing higher and higher. All while Canada’s neighbour to the south experienced a dramatic drop and has only now recovered. Even more interesting, America’s



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