12/21/2008 7:07:00 PM
Alberta inflation takes breather at 2.1 per cent
A break in gasoline prices and a few deals at the mall drove inflation down in Alberta again in November, with consumer prices inching up 2.1 per cent from a year ago. While deals were sure to be had at the gas pump, where prices were down 12.4 per cent, consumers ...
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12/21/2008 7:00:00 PM
Rental market feels economic pinch
Headlines continue to inform us rather harshly that housing sales are down. According to Canadian Real Estate Association figures, Alberta experienced a year-over-year decline in MLS sales of almost 35 per cent, while prices dropped by 4.2 per cent to $338,354. ...
Views: 124
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12/21/2008 7:00:00 PM
Stars 'lining up' for regional transit network
Each morning, Mike Rogers catches a bus at a stop four doors from his house. "I pay a pretty huge premium," he says of the $240-a-month fee, "but it's worth it." The daily service, operated by local charter bus companies, is offered ...
Views: 108
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12/18/2008 1:53:00 PM
City's high-density projects stir debate
Citizens averse to multi-family units in their neighbourhoods The LRT line is ugly and in the wrong place. That multi-family building will add too much traffic to the neighbourhood. A highrise near an LRT station doesn't fit, causing cars to cut through ...
Views: 106
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12/18/2008 1:53:00 PM
Housing sales swoon
Global turmoil takes toll on real estate; Alberta MLS numbers fall 35 per cent The MLS residential market is continuing to reflect the grim economic reality in the country. Sales have plunged from a year ago, average sale prices have dropped and a forecast ...
Views: 116
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12/18/2008 1:52:00 PM
Alberta may end up with deficit
As the country's finance ministers meet to plot an economic course, Premier Ed Stelmach warned Tuesday that deflated energy prices may technically send debt-free Alberta into deficit this fiscal year and force the province to tap its $7.7-billion rainy-day ...
Views: 55
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12/18/2008 1:51:00 PM
Warnings about risky mortgages ignored
Federal officials told CMHC it could overburden borrowers Canada Mortgage and Housing Corp. officials ignored warnings from senior Finance Department and Bank of Canada officials during the past two years that its active business in high-risk mortgage insurance ...
Views: 2446
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12/14/2008 10:04:00 AM
New home prices take 1.6 per cent hit
Decline is steepest since 1991; Calgary Market Slides New house prices in Calgary declined by 1.6 per cent in October on a year-overyear basis--the largest decline for the metropolitan area since November 1991, said Statistics Canada. The New Housing Price ...
Views: 54
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12/14/2008 10:03:00 AM
Cecil's $10M price slammed
checkCookie(); Pricey plans for the city to acquire the Cecil Hotel have some critics cringing. The Sun has learned the cost for the notorious watering hole is more than $10 million, a deal that aldermen will debate behind closed doors Monday. A tentative ...
Views: 48
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12/14/2008 10:00:00 AM
What are realtors doing to weather the storm?
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Views: 50
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