Archive for: August 2015

Oil bruised after a one-two punch

Filed under: Mortgage - 25 Aug 2015

THINK OUTSIDE THE BOX:  With stock markets trying to find their feet, oil prices could continue to move up and down dramatically.

Back in the late spring, The Owl reported that both oil prices and optimism appeared to be mounting; and …

Canmore real estate sales rising against sliding market in Calgary

Filed under: Mortgage - 21 Aug 2015

THINK OUTSIDE THE BOX:  Prices are down slightly but housing sales are the highest they’ve been in 13 months.

The sliding Calgary housing market isn’t affecting sales in the town of Canmore, where real estate records show the number of homes sold in …

Calgary’s housing market is not under threat of a correction despite a downturn in the local economy, Canada Mortgage and Housing Corp. said in an analysis Thursday

Filed under: Mortgage - 17 Aug 2015

THINK OUTSIDE THE BOX:  Don Campbell, senior analyst with the Real Estate Investment Network, said Calgary’s low-risk rating was interesting given the year-long decline in oil prices that could cause the local market to become “more volatile.”

Its assessment of 15 metro …

Harper pledges action on foreign real estate investment

Filed under: Mortgage - 13 Aug 2015

THINK OUTSIDE THE BOX:  It will be interesting to see if any other parties propose a plan to get a better handle on foreign investment in Canada prior to the fall election.

On the campaign trail in North Vancouver Wednesday, Conservative leader …

Positive News for First-Time Homebuyers…

Filed under: Mortgage - 13 Aug 2015

THINK OUTSIDE THE BOX:  We look forward to more positive housing-related announcements from other campaigns leading up to the fall election.

We welcome the Conservative Government’s announcement today proposing to increase the RRSP Home Buyers’ Plan (HBP) withdrawal up to $35,000 …

How to make money in real estate

Filed under: Mortgage - 13 Aug 2015

THINK OUTSIDE THE BOX:  Do you understand what you are paying for?

Want to make money in real estate? Real money. Like $13-million in profit kinda money? Don’t bother with rental properties and put away the hammer because sweat equity won’t …

Explosive growth in foreign investors, says report

Filed under: Mortgage - 10 Aug 2015

THINK OUTSIDE THE BOX:  Without concrete data, it’s hard to extrapolate the effect of foreign investment on the market.

A research paper analyzing the need for more data on foreign investors has surfaced, suggesting real estate investment by Chinese nationals has increased …

Buying a house with cash

Filed under: Mortgage - 06 Aug 2015

THINK OUTSIDE THE BOX:  Why wouldn’t you get a mortgage?

You’re selling your home and a buyer submits an “all cash offer.” What does this mean and what are the advantages or disadvantages of buying a house with cash?

When a buyer is …