Reported this morning by the Calgary Herald, luxury homes sales in the Calgary area have increased in the first quarter of 2010.  67 upper-end properties valued at more than $1 million were sold in the first quarter of this year compared with 35 during the same period a year ago.

Full article here.
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The Bank of Canada left their key overnight rate unchanged as expected this morning.  However, their removal of the conditional commitment to leave rates unchanged until the end of the 2nd quarter of 2010 shows a pretty clear intention of theirs to raise rates on June 1st.
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Housing starts report from CMHC today shows increases in all Canadian regions except Ontario.  

In Western Canada where Alta Pacific Mortgages operates, housing starts in urban areas are seeing a rather sharp increase year over year (March 2010 compared to March 2009).  

Prairie Regions (Manitoba, Saskatchewan, Alberta) saw a March increase from 967 housing starts in March 2009 - to 2,508 housing starts in March 2010.  

British Columbia saw March 2010 housing starts hit 1,726; up from 739 housing starts in March 2009.

Read the full CMHC article and report here
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