Category: Uncategorized
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Canada’s Housing Market Sees Strong Fall Close
Lower interest rates and expectations of further cuts are fuelling strong homebuying activity across Canada.November data shows strong market performance, with resales and prices rising from October across major areas.
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Why Alberta’s Home Insurance Costs Soar
Alberta homeowners face soaring home insurance premiums, fuelled by rising construction costs and severe weather disasters.Residential construction costs in Alberta surged 73% in five years, far exceeding the national average of 66%.
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City sends property assessment notices to more than 430,000 owners
Property owners in Edmonton have received their annual property assessment notices, reflecting the city's estimated property values as of July 1 of the previous year. The city issued over 430,000 notices, which will influence monthly tax payments starting in July. A 6.1% property tax increase for 2025 has been approved by the city council. The…
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10 Edmonton neighbourhoods we’d like to move to in 2025
As 2025 approaches, several Edmonton neighborhoods stand out for their charm and community spirit. Bonnie Doon is known for its quiet atmosphere and amenities, while Westmount is celebrated for its vibrant market and cultural scene. Terwillegar offers recreational facilities, Griesbach features historic charm, and Highlands boasts beautiful homes. Capilano provides river valley access, and Old…
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BoC Rate Cut: It’s Game on for Home Buyers
Lower Variable Rates: Mortgage rates ↓ 0.5%, with broker rates around 4.3%, slightly easing monthly payments. Affordability Boost: Buyers gain ~$30,000 in purchasing power, improving access to homes.
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Big Bank Reactions to Bank of Canada’s 50 Bps Rate Cut
Scotiabank: Supported a 50 bps cut, highlighting it aligns with market expectations, despite concerns over rising core inflation and economic risks CIBC: Agreed with the 50 bps cut, arguing it’s reasonable and fits the need for further stimulus into 2025 to boost economic growth.
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Supports for affordable housing providers and developers
The Government of Alberta supports affordable housing development by providing resources and information. Minimum standards are mandated for provincially-funded housing, while Design and Technical Guidelines offer specifications for construction. Fact sheets summarize various accommodation types and their design characteristics. Starting January 1, 2025, affordable housing will be exempt from property taxes if designated under the…
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Happy Lunar New Year
恭喜發財. Wishing you prosperity. Lunar New Year, is the most important celebration observed in China, with cultural and historic significance.The New Year celebration is centered around removing the bad and the old, and welcoming the new and the good. Traditional activities include reunion dinner, cleaning houses, visiting family members, setting off firecrackers and fireworks, and…
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What Makes Alberta the Ideal Destination?
Alberta offers a $5K moving incentive for skilled tradespeople through its "Alberta is calling" campaign. Alberta boasts affordable housing, with avg rent at $1,266, much lower than Vancouver or Toronto.
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New year, new taxes for Albertans
As of January 1, 2025, Alberta has implemented a new tax on vaping products, set at $1.12 per 2 mL for the first 10 mL, and $1.12 per 10 mL for volumes above that. This tax aims to discourage vaping, particularly among youth. The federal government will collect and return the tax to the province.…