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Stories Tagged - homebuying
News
Oct. 05, 2015 | Joel Schlesinger
The swinging pendulum
Will an increase in vacancy rates push down housing demand?
Calgary has long had a reputation as a difficult place to rent – a reputation confirmed for much of last year when the city's vacancy rate hovered below one per cent.
Yet market uncertainty brought upon by oil patch woes have painted a much different picture in 2015, with Canada Mortgage and Housing Corp. (CMHC) reporting vacancy rates in the city as high as 3.2 per cent.
While good news for renters, it poses as potential bad news for home sellers, notes ATB Financial chief economist Todd Hirsch.
Calgary has long had a reputation as a difficult place to rent – a reputation confirmed for much of last year when the city's vacancy rate hovered below one per cent.
Yet market uncertainty brought upon by oil patch woes have painted a much different picture in 2015, with Canada Mortgage and Housing Corp. (CMHC) reporting vacancy rates in the city as high as 3.2 per cent.
While good news for renters, it poses as potential bad news for home sellers, notes ATB Financial chief economist Todd Hirsch.
News
Sept. 21, 2015 | Alex Frazer Harrison
Right place, right time
Buying decisions encouraged by favourable conditions
Timing, they say, is everything.
Just ask Patrick Yeung and Jenny Hoa, who are selling their individual condos and moving into a newly constructed home in the northwest community of Symons Gate later this year.
"It was a coincidence – perfect timing," said Yeung of buyer-friendly market conditions currently in Calgary's residential resale housing market.
"We'd already decided we wanted to get a home together, but the timing just fell together."
Although Yeung and Hoa work across the city from the deep-northwest community (he near Marlborough Mall, she near Chinook Centre), both of their condos are in the Panorama-Kincora area, and both wanted to stay in the region to be close to friends and family.
Timing, they say, is everything.
Just ask Patrick Yeung and Jenny Hoa, who are selling their individual condos and moving into a newly constructed home in the northwest community of Symons Gate later this year.
"It was a coincidence – perfect timing," said Yeung of buyer-friendly market conditions currently in Calgary's residential resale housing market.
"We'd already decided we wanted to get a home together, but the timing just fell together."
Although Yeung and Hoa work across the city from the deep-northwest community (he near Marlborough Mall, she near Chinook Centre), both of their condos are in the Panorama-Kincora area, and both wanted to stay in the region to be close to friends and family.
