Morning News Rundown

"CMHC tightens lending requirements for insured mortgages Getty Images "Rinse and repeat Richard Cho, pricipal market analysis for Calgary with CMHC, expects rental vacancy rates to hover around seven per cent in 2017. Photo by Wil Andruschak/for CREB®Now "'Tis the season Joe Jacobs, president of Mortgage Connection Inc. in Calgary, said the best way to qualify for a mortgage is to decrease or eliminate other debts. Photo by Adrian Shellard/For CREB®Now "Foreign interest in apartment sector unchanged: report "Future of housing Canadian Home Builders’ Association-Alberta CEO Donna Moore said one of the organization’s top concerns when it comes to the development of a national housing strategy is to address affordability for first-time buyers.. Photo by Adrian Shellard/For CREB®Now "Calgary housing market 'overvalued' "Goodbye YVR, hello YYC? CMHC’s Richard Cho said that foreign investment still represents just a sliver of Calgary’s total residential housing market, even though it has increased from 0.2 to 1.1 per cent in just over a year. Photo by Wil Andruschak/For CREB®Now "Renters' paradise Gerry Baxter, executive director of the Calgary Residential Rental Association, said the vacancy rate among members of the association is between eight to 10 per cent. Photo by Wil Andruschak, for CREB®Now "Five things about CREB®'s Mid-Year Forecast "55 Years of Real Estate: 2005 CREB® president Marilyn Jones Marilyn Jones began her career in Calgary real estate in 1975. She served as CREB® president in 2005, a year which saw Calgary experience similar flooding to that seen in 2013. Photo by Michelle Hofer/For CREB®Now "Five things about population impact on housing "Long live the auto Canada Mortgage and Housing Corp. regional economist Lai Sing Louie said many Calgary homeowners still want the freedom to come and go with a car at their disposal, and they’re willing to pay for it. Photo by Wil Andruschak/For CREB®Now "Over-under RESOLVE executive director Sheryl Barlage says the economic downtown is impacting overcrowding in Calgary homes. Photo by Wil Andruschak/For CREB®Now "5 things on housing market's health The scaling back of single-detached home starts has contributed to a decline in the number of units under construction, thus posing minimal risks of destabilizing the market, according to a new report. CREB®Now file photo. "Weak conditions expected to dampen housing starts "Calgary vacancy rates to rise, rents to decrease: report "Calgary housing prices to decline further: report "Five things about household debt in Canada "5 things about housing needs "Long haul for local housing market CMHC's Richard Cho says everything from employment levels to household income and migration to spending levels signal to tough times ahead for the local housing market. CREB®Now file photo. "Morning News Rundown Morning News Rundown "Morning News Rundown Morning News Rundown "Morning News Rundown Morning News Rundown "Morning News Rundown Morning News Rundown "CREB® REALTOR® Community Foundation pledges $300,000 to HomeSpace Society for affordable housing project "Calgary rental market struggles with high vacancy, but improvement is on the horizon Getty Images "CMHC program can save "green" borrowers up to 25 per cent on mortgage insurance premiums Getty Images "Local homebuilders double down on digital as COVID-19 challenges continue Courtesy of Brookfield Residential "Mortgage matters: options and advice for anyone falling behind on payments due to COVID-19 Getty Images "Maxing out: why mortgage pre-approvals can be a double-edged sword Getty Images "The road ahead: Industry experts predict what 2020 might hold for Calgary real estate Getty Images "What they said in 2019: Industry experts share their thoughts on the year that was in Calgary real estate Getty Images "Community Profile: Varsity CREB®Now Archive "The new First-Time Home Buyer Incentive by the numbers Getty Images "Despite oversupply, Calgary new-build condo market is moving in the right direction Courtesy Hon Developments "High multi-family inventories mean plenty of choices for homebuyers Courtesy Jayman Built "Tearing down trade walls Industry experts believe proposed drywall tariffs will eventually be passed onto homebuyers, adding about $1,000 to $2,000 to the price of a home. "Domino effect Town of Cochrane economic development manager Mike Korman believes Cochrane’s population will grow by about three to four per cent, and building starts will maintain 2016 levels. Photo by Wil Andruschak/For CREB®Now "Signs of recovery CHBA-UDI Calgary chair Allan Klassen expects the city's new housing industry will continue to face difficult conditions in the first half of 2017, followed by a slow return to normalcy. Photo by Wil Andruschak/for CREB®Now "Bottoms up Jyoti Gondek, director of Westman Centre for Real Estate Studies at Haskayne School of Business at the University of Calgary said the city's housing market will face a number of risk factor in 2017, including aging baby boomers. Photo courtesy University of Calgary