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Calgary Housing Market Outlook

Calgary to lean towards buyers in 2020 with more first-time home buyers entering the market than ever.

The Calgary housing market will lean toward buyers in 2020 with a zero percent residential sale price expectation. This is dependent on a number of different factors, including the province’s economy and the fate of the Keystone Pipeline. The city’s employment rate and overall economy will have the greatest impact on the housing market, along with strong population growth.

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Bank of Canada makes its latest interest rate announcement

In its scheduled announcement this morning, the Bank of Canada has announced that the overnight interest rate target will hold steady at 1.75 per cent. This is the eighth time in a row that the Bank held off on making any upward moves since raising its interest rate a year ago. The Bank cited the continued weakening of the global economy as the reason behind its decision, with the ripple effects reaching Canada.

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Breaking Down the Housing Debate

he 2019 federal election is fast approaching, and the housing debate continues to be a hot topic in the country. A national housing strategy that’s assessed annually and updated based on economic markers and buying trends is crucial to the longevity of Canada’s housing market.

Over the last year and half, real estate has made headlines: interest rates, high home prices, affordable housing strategies, and government intervention with new regulations such as the mortgage stress test.

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HIS Building Golf Tournament & Home Parade

Speargrass Golf Course – June 20, 2019

Please join us for the HIS BUILDING 2nd FUN Golf TOURNAMENT Fundraiser to benefit the SACRED Catholic Church.

We will have a great day of golf at the beautiful Speargrass Golf Course in Carseland, Alberta (Speargrass.ca). The event will include a 4-person scramble, including cart, driving range, T gift bag, silent auction, Steak dinner and awards receptions following the golf.

9am registration  – 10am SHOTGUN

$150.00 per player with a $50 tax receipt 

*Unless sponsor team* If YOU ARE A SPONSOR. PLEASE REGISTER INDIVIDUALLY UNDER SPONSOR GOLF. 

Mortgage stress test hurts homebuyers more than it helps

The mortgage stress test began with the best of intentions. In October 2016, interest rates had been hovering at historic lows for the better part of a decade. Real estate prices were rising, and household debt grew and grew. Very real concerns arose about Canadians biting off more mortgage than they could chew, should interest rates increase, even a fraction of a percentage point.

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