The Calgary Real Estate Board said Monday that the market has faced low inventory levels compared to sales for the past several months, while prices continued to climb. The board’s February numbers show that prices jumped by about 8% to reach an average of $485,870, up from $446,690 the year prior. CREB’s chief economist Ann-Marie [&hellip…
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Born into greater income inequality than previous generations, millennial home buyers continue to struggle against enormous fiscal pressures, Statistics Canada suggested in a recent study which found that the top 1% of income earners’ share of national income swelled from 8.9% in 1980 to 13.6% in 2010. The earning differences between millennials and other buyer cohorts are [&hellip…
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Ask any mortgage broker what Canadians want in a home and you’re likely to hear the same answer again and again: Space. While COVID-19 has indeed sent home-hunters into the wilds in search of more square footage, new data from real estate listing portal Zolo.ca has found that prospective homeowners have more on their minds. [&hellip…
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