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April 2011

Found 3 blog entries for April 2011.

Bob Alexander on Mon, Apr 11, 2011 wrote:
Canadian Mortgages at Risk?
Every year the Canadian Association of Mortgage Professionals ( CAAMP ) carries out research on the Canadian mortgage market. I have referenced these reports and their findings in earlier commentaries. The general media has a tendency to over hype concerns about Canadians and their respective debt levels. The CAAMP report, I feel, brings a more realistic and balanced viewpoint and can be used to determine the reality of Canadians and their debt loads. I have summarized the reports finding below.

Rapid Expansion of Debt
Residential mortgage credit has expanded very rapidly during the past decade, at an average of 10% per year. This growth has, understandably, raised fears. However, the

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Calgary’s NW sector boasted the largest gains in single family homes sales in the first quarter


Calgary, April 1, 2011 – According to figures released today by CREB® (Calgary Real Estate Board), Calgary Metro sales remained at levels similar to the first quarter of 2010.  Improved sales in the single family market have largely been offset by declining sales in the condominium market, indicating that the gradual recovery will continue to be driven by the single family market for the better portion of the year.

Single family home sales in the first quarter of 2011 were 3,309, a 4 per cent increase over the first quarter of 2010. The combination of stable home prices, low interest rates and year-over-year improvements in employment are the primary

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A new Vancouver outfit offering online rent appraisals -- in real-time -- is pushing east, planning to offer the automated service in Calgary and Toronto where the number of income suites is on the rise.
“There are automated systems that provide real estate value assessments,” said Jason Upton, president of the newly-minted Aedis e-rent. “But there’s never been anything that did it specifically for rental appraisals and for specific markets. We do.”
The company, quietly launched last fall, has developed appraisal software focused on Metro Vancouver’s burgeoning rental market. It gathers intelligence from thousands of past and present classifieds, MLS listings, its own appraisers and, even, Craigslist before crunching the data and spewing out a fair market…
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