Monthly Archives: September 2011

BC’s Solar Hot Water Ready Regulation for Single Family Homes

On June 21, 2011, the Province of BC’s Solar Hot Water Ready Regulation for single family homes came into force. In order to provide a grace period to applicants, the District of North Vancouver will accept voluntary compliance with the new regulation until September 15, 2011. After September 15th, applications for new single family homes […]

Getting Sarted with Secondary Suites

What is a secondary suite? A secondary suite (also known as a basement suite, mother-in-law suite or granny suite) is a self-contained living space located on the same property as a detached house. It has a separate entrance, cooking, sleeping and bathing facilities, and is no larger than 70 m sq. ​​ (750 sq ft.). […]

New U.S. property tax rules may hit Canadians at home

Estate tax changes may have impact for families By Paul Delean, Postmedia News – September 4, 2011 The Calgary  Herald A strong loonie and depressed U.S. realestate prices have led to a buying  binge by Canadians south of the border. We’re now the largest non-American  buyers of U.S. real estate. Many purchasers, however, only have […]

Bank of Canada maintains overnight rate target at 1%

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The global economic outlook has deteriorated in recent weeks as several downside risks to the projection in the […]

CREB August Report

I’ve just posted CREB’s August Report on the current Real Estate Market. The summary graph is on page 10 of the report.

Calgary Airport Progress

Home ownership hits lowest level since 1965

By Les Christie — NEW YORK (CNNMoney) As the foreclosure crisis continues to wreak havoc on the housing market, a source of national pride has taken a sour turn. Home ownership is on the decline and, according to a recent Morgan Stanley report, the United States is fast becoming a nation of renters. Last Friday, […]