Calgary prices up nearly 5% year over year (August 2008 to August 2009) - see full article in the Calgary Herald here


Meanwhile, the BC Real Estate Associations latest forecast predicts that BC real estate sales should continue to climb through the remainder of 2009 - see full article in the Vancouver Sun here
 
 
The Vancouver Sun reports Record July sales in Metro Vancouver and Victoria.  The article can be found here.


Over 10,000 homes sold in July 2009 and the BC Real Estate Association states that the province is in a "balanced condition."


At Alta Pacific Mortgages we continually watch these stats and figures; and as always, use prudence when placing mortgages in the Western Canadian real estate market.
 
 
News today showed BC leading the nation with the largest increase in percentage of building permits issued in June at $632 million (of the nations $5.2 billion).  Meanwhile Alberta building permits totalled $843 million in the same month (down 24% from May)

While at Alta Pacific Mortgages we invest in Canadian mortgages, we watch all sectors of the Canadian real estate market.   Feel free to contact us if you'd like to learn more about investing in Western Canadian real estate and mortgages.