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Century 21 Signature Realty
#207, 2920 Calgary Trail NW, Edmonton, Alberta
P: 780-485-2100
F: 780-485-2180

My Edmonton Real Estate Blog

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Thursday, March 18, 2010 - No more hiding behind weak dollar

When the loonie rocketed nearly 30 per cent against the greenback in 2007, peaking at $1.10 US, it prompted an outpouring of national angst. Buzz Hargrove, the fiery former president of the Canadian Auto Workers union, branded it "a black day" for the nation's manufacturing and tourism sectors. After living off the avails of a weak currency for decades (the loonie previously flirted with parity way back in 1976), Canadian businesses were abruptly thrust into a new world. Most didn't like it one ... Full Article...

posted in General at Thu, 18 Mar 2010 07:40:26 -0600

Tuesday, March 9, 2010 - New home construction rises in Edmonton area

Builders started three times the number of Edmonton-area homes in February as they did a year earlier ? showing just how far the housing market had fallen last year. Total housing starts in the Edmonton census metropolitan area reached 642 in February, compared with 213 in February 2009, Canada Mortgage and Housing Corp. said Monday. Last month?s building activity approached February 2008 levels when housing starts totalled 692. In the single-detached sector, builders poured foundations for 484 ... Full Article...

posted in News at Tue, 09 Mar 2010 07:19:43 -0700

Friday, March 5, 2010 - Budget 2010 - Budget Highlights

2010 Budget Highlights? $19 billion in stimulus measures ? planned spending to be cut by $17.6 billion over five years ? $53.8-billion deficit cut in half in two years ? $1 billion for training programs for workers ? $55 million for youth employment ? $40 million for older workers ? $180 million for aboriginal skills training ? Maximum length of work-sharing programs increased to 78 weeks ? $1.6 billion for employment insurance benefits ? $3.2 billion in personal income tax relief ? $4.1 ...

posted in News at Fri, 05 Mar 2010 07:53:33 -0700

Wednesday, March 3, 2010 - Stability in Edmonton Housing Market continues through February

Prices for residential property sold through the Edmonton Multiple Listing ServiceŽ changed marginally through February. Sales activity, however, was up dramatically when compared to last month or the same month last year.   The average* single family dwelling price was $369,573 for February up just 1.4% from January; 5.6% from a year ago. Condominium prices dipped 3.8% in the month from $240,686 to $231,530. Duplex and rowhouse prices were up 3.3% to $315,390. ?While prices remained stable ... Full Article...

posted in News at Wed, 03 Mar 2010 07:22:59 -0700

Monday, March 1, 2010 - Canada's economy expands five per cent in fourth quarter

Canada's economic recovery picked up speed in the final quarter of last year, growing by a better-than-expected annualized rate of five per cent, Statistics Canada reported Monday. "For a third consecutive quarter, growth in final domestic demand was led by increases in personal expenditures, government expenditures, and investment in residential structures," the federal agency said. "Export and import volumes both rose for a second consecutive quarter, with growth in exports outpacing that of ... Full Article...

posted in News at Mon, 01 Mar 2010 07:23:20 -0700

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