Brad Herman, Calgary real estate: Blog

Sellers' market defies national trends

May 11th, 2013

It’s a sellers’ market for resale condos in the city — the first time since the crazy days of 2007, says the Calgary Real Estate Board. Resale condo apartments and townhomes are following the trend set by detached single-family resale homes, says the board. Higher sales demand, coupled with lower listings, pushed the total resale market into sellers’ territory. http://www.househunting.ca/c ...

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Decline in resale fuels construction

May 11th, 2013

A drop in both resale and new spec homes in Calgary has fuelled a climb in housing construction this year, says a federal agency. Through the first four months of 2013, the Calgary census metropolitan area saw a nine per cent increase in construction of single-family homes compared to the same period in 2012, says Canada Mortgage and Housing Corp. The area includes surrounding communities s ...

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MORNING NEWS RUNDOWN

May 11th, 2013

Here’s your morning news rundown for Friday, May 10.http://www.crebnow.com/morning-news-rundown-46/?utm_source=dlvr.it&utm_medium=facebookhttps://www.facebook.com/BradHermanRealEstate?ref=tn_tnmn

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Calgary beats Toronto and 21 other cities worldwide in terms of prosperity

May 10th, 2013

Toronto Region Board of Trade ranks Paris as the top city for prosperity with Calgary taking second place http://www.avenuecalgary.com/blogs/calgary-beats-toronto-and-21-other-cities-worldwide-in-terms-of-prosperityhttps://www.facebook.com/BradHermanRealEstate?ref=tn_tnmn

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Patio of the Day: Julio's Barrio

May 10th, 2013

Get a birds eye view of Calgary from the upstairs patio http://www.avenuecalgary.com/blogs/patio-of-the-day-julios-barriohttps://www.facebook.com/BradHermanRealEstate?ref=tn_tnmn

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Patio of the Day: The Ranche

May 10th, 2013

Surround yourself with the beautiful gardens at The Ranche http://www.avenuecalgary.com/blogs/patio-of-the-day-the-ranchehttps://www.facebook.com/BradHermanRealEstate?ref=tn_tnmn

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New home prices rise 0.1% in March

May 10th, 2013

New home prices in Canada rose by 0.1 percent in March, pushed up by the busy real estate market in Calgary for the second month in a row, according to Statistics Canada data released on Thursday. Prices in Calgary, at the heart of the country's booming oil industry, contributed most to the climb in the new housing price index with a 0.3-percent advance, the agency said. The Toronto-Oshawa ...

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To hedge inflation, REITs are the new gold in Asia

May 10th, 2013

ANALYSIS: As central banks print cash to boost moribund economies, investors in Asia wanting to hedge against rising prices are dumping gold and doubling down on property. They are driven by the search for yield as surprisingly benign inflation dims the appeal of bullion, but it's a risky play given lofty valuations for real estate. The trend is most visible in the frenzy around real estate ...

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Loonie could fall by 10% over the next year: TD

May 10th, 2013

The loonie's recent march back to parity with the U.S. dollar is not sustainable, according to TD economists. A combination of a slowing Canadian economy, an interest rate hike that is still more than a year out, softening commodity prices and a swelling deficit will push the loonie lower over the next year, TD economists Francis Fong and Leslie Preston write in a report to clients "The rec ...

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Canada's economy adds modest 12,500 jobs

May 10th, 2013

The Canadian economy added a less-than-expected 12,500 jobs in April, failing to claw back the 55,000 jobs lost the previous month. While the number of jobs added missed the 15,000 expected by economists, all of the new positions were full-time. http://www.bnn.ca/News/2013/5/10/Canadas-economy-adds-12500-jobs.aspx#.UY0A3QxC2PE.facebookhttps://www.facebook.com/BradHermanRealEstate?ref=tn_tnmn

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