News yesterday in the Vancouver Sun (click here for article) states that the housing rebound in BC is the strongest on record.  The article quotes Central 1 Credit Union Economist Helmut Pastrick; a former CMHC guy (his bio is here)


The article states "The overall average home price in B.C. will climb to a new high of $463,800 by the end of 2009, erasing recession-era losses, before advancing to $497,800 in 2010 and $534,800 in 2011."
Add Comment
 
 
First this news on Sep 8th - Edmonton Housing starts are up 32%.  Then this on Oct 13th - Slide in local housing prices leads nation.  Both from the Edmonton Journal.


The simple Supply and Demand lesson in Economics 101 taught us all that this might happen.  At Alta Pacific Mortgages we keep a watchful eye on all Western Canadian markets.  Speak to us if you're interested in learning more about investing in Alberta or British Columbia real estate through mortgages.
Add Comment
 
 
Today CMHC released the following stats for housing starts in Canada - for September. While the net number declined (as compared to August), single homes climbed in September to reach their highest level so far this year.  
Add Comment