(Feb 04, 2008)  Lets all take a moment to say a prayer for family and friends of 24 yr old Lindsay Buziak, who's body was found Saturday in a home listed for sale in the Gordon Head neighbourhood of Saanich (Victoria). Ms Buziak had worked as a REALTOR in Vancouver prior to her position with Re/Max Camosun in Victoria B.C.

She was found dead in a vacant house which was listed by another REALTOR. Police are investigating and are seeking the person who called 911 asking them to check on the person inside the property on Saturday afternoon. It is unclear who the person Buziak had arranged the showing for was.

Buziak's father Jeff, a commercial REALTOR in Calgary, said "someone phoned Lindsay to show a house and they killed her."

Buziak was born in Victoria…

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CREB Predicts 5% Gain in Market

 The average sale price of a single-family home in the city will flirt with the half-million-dollar mark this year, according to the Calgary Real Estate Board. Two thousand and eight will be a good year and a year of opportunity for serious buyers and sellers,” said Jensen. “Seeing a solid Alberta economy, strong employment, predictions of movements to past levels of net migration, I see the Calgary market moving closer to normal market conditions - as normal as Calgary can be. 

According to the real estate board, single-family homes in the city averaged $472,230 in 2007, up 17.94 per cent from $400,398 in 2006. The average sale price of a condo was $316,370, an increase of 19.98 per cent from $263,684 in 2006.…

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Bloodbath on Bay Street

(Monday  January 21, 2008) After losing nearly 1,000 points last week, most analysts expected the Canadian market to take a breather today, with markets south of the border closed for Martin Luther King Day. Instead, Canadian stocks on the TSX plummeted more than 600 points on Monday, following steep declines on both the Asian & European markets.

All sectors of the market were hit today, including resource, financial, consumer and tech stocks. For those currently invested in the market, the short-term outlook is grim: Tuesday morning when the US markets re-open, there will likely be another huge sell-off.

At market close, the S&P/TSX Composite index was down 605 points at 12,132, a drop of nearly 5% and a level not seen since…

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Shortly after taking office, Alberta Premier Ed Stelmach had Dr. Lyle Oberg, Minister of Finance, put together a panel who were tasked with examining the province’s energy royalty and tax regime. The six member panel was chaired by Bill Hunter, and included experts in resource taxation and the royalty system. Members of the panel included Evan Chrapko, Judith Dwarkin, Kenneth McKenzie, Andre Plourde and Sam Spanglet.

Throughout the process, the panel hosted a series of public meetings and accepted submissions from Alberta residents, municipal leaders, and stakeholders in the oil and gas industry. On September 18, 2007, the panel released their 104 page report entitled Our Fair Share (see link to report below). Stelmach's government promised to study the…

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 Your weekly update of Calgary Real Estate

Calgary Real Estate Stats: July 01 - 17/07

Discussion: The average Calgary house price was $561,311 last week, setting another new record. This number reflects the growing number of sales of Calgary Luxury Real Estate. The average price of a Calgary condo was $313,973, a slight rise from the previous week. New Calgary listings continue to outpace sales by almost a 2:1 margin.

CREB *Calgary Real Estate Board* has revised the format of the weekly sales stats to better reflect the market within the Calgary city limits. The new "Calgary Metro" stats don't include acreages and properties listed from smaller towns outside of the Calgary metro area.

Calgary Real Estate Stats

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 Your weekly update of Calgary House Prices

Calgary Real Estate Stats: June 01 - 12/07

Discussion: The average Calgary house price was $493,616 last week, setting another new record, while the average price of a Calgary condo was $330,334, a slight drop from the previous week. New Calgary listings continue to outpace sales by almost a 2:1 margin.

CREB *Calgary Real Estate Board* has revised the format of the weekly sales stats to better reflect the market within the Calgary city limits. The new "Calgary Metro" stats don't include acreages and properties listed from smaller towns outside of the Calgary metro area.

Calgary Real Estate Stats

Calgary Metro - Single Family 2007 … Read Full Post

 

 Your weekly update of Calgary House Prices

Calgary Real Estate Stats: May 01 - 29/07

CREB *Calgary Real Estate Board* has revised the format of the weekly sales stats to better reflect the market within the Calgary city limits. The new "Calgary Metro" stats don't include acreages and properties listed from smaller towns outside of the Calgary metro area.

Calgary Real Estate Stats

Calgary Metro - Single Family 2007 2006 Average Selling Price $488,079 $415,321 Median Selling Price $435,000 $375,000 New Listings … Read Full Post

(May 30/07)  While the Bank of Canada DID NOT increase the prime interest rate at yesterday's meeting, they issued a strongly worded press release suggesting that an increase in the overnight rate was to be expected at their next meeting - July 10th.

In response, all of the major Canadian banks increased their mortgage rates this morning, with 5 yr fixed rates increasing by as much as 0.30% to 7.14% *note - the wholesale or preferred rate for a 5 yr fixed will likely be around 5.74%*.

To read the complete article visit Rates Heading Up?

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