June spells a gradual recovery

Posted by Nancy Ball on Monday, July 10th, 2017 at 5:28pm.

June spells a gradual recovery

Stable prices in detached sector signal balanced conditions despite increased inventory

Calgary's housing market in June saw a modest improvement in sales along with an increase in new listings.

However, demand gains have not kept pace with the amount of new listings coming onto the market. This caused inventory levels to increase to 6,659 units, which is 11 per cent higher than last year's levels.

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Alberta sees increase in home renovation spending during first quarter of 2017

The number of Albertans spending money on renovations for their existing homes and recreational properties is on the rise.

According to Statistics Canada, investment in home renovations in the first quarter of 2017 hit a record high of $1.78 billion. A release from ATB Financial’s Economics and Research Team says this is close to double the spending a decade ago.

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Interest rates are about to go up in Canada — no, for real this time

After almost a decade of warnings that never came to pass, it appears as though the Bank of Canada is ramping up to hike its benchmark interest rate — possibly as soon as next week.

On July 12, Canada's central bank will announce its latest decision on where to place its trend-setting interest rate, which has an impact on the rates that Canadian borrowers and savers get for their bank accounts, mortgages and other products.

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Other articles in this newsletter:

9 strategies for small space decorating
4 things you should know about Calgary's multi-family housing market
10 Tips For Staying Safe In The Summer Heat
Canada 150 Quiz: Can you name these 13 iconic Canadian buildings?
Home renovations: The 4 big risks of borrowing against your house to pay for it
7 Tips for Creating Your Very Own "She Shed"

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