March 2022 – Canadian Housing Prices break new record highs

General David Cooke 25 Mar

If you have been reading  or watching the news lately, you know that housing prices have gone up considerably over the past 2 years.  While they have gone sky high in Toronto and Vancouver, even more affordable markets like Calgary and Edmonton have seen large price increases. After the initial lock down in Spring 2020, […]

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A Year in the Life of a Calgary Mortgage Broker

General David Cooke 29 Jan

It’s January and the start of a new year. How will this year turn out? Perhaps a little different given the circumstances of the world in the past 10 months but I’ll bet it will go the same way as every year since I started as a mortgage broker in Calgary in 2005. January The […]

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Townhomes in Calgary see Growing Demand

General David Cooke 18 Dec

A report in today’s Calgary Herald says that there is a growing demand for townhomes among new home buyers. While year to date sales to September 30th are down to 866 from 983 the year before, they have been continuing to grow throughout the fall and may surpass 2019 and 2018 total numbers. Why are […]

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Applying for the Canadian Emergency Rent Subsidy

General David Cooke 25 Nov

    In response to the COVID-19 pandemic, the Government of Canada has announced the Canadian Emergency Rent Subsidy (CERS) If you are a small business you can apply for this rent subsidy. Overview Businesses who have seen a drop in revenue due to the COVID-19 pandemic may be eligible for a subsidy to cover […]

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Another Record-Setting Month For Canadian Housing

General David Cooke 15 Sep

  Canadian Housing Market Sets Record Highs in August Today’s release of August housing data by the Canadian Real Estate Association (CREA) showed a blockbuster August with both sales and new listings hitting their highest levels in 40 years of data–exceeding the record July activity levels. This continues the rebound in housing that began four months […]

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Great New Mortgage Products for Calgary Home Buyers

General David Cooke 8 Sep

Great New Mortgage Products   2020 has been a challenging year for us all. Housing sales were going well pre-pandemic with modest price increases in many areas of the country. March arrived and the start of the spring housing market with people feeling optimistic until the country shut down March 15th. Housing prognosticators predicted that […]

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Haventree Bank – Canada’s Newest Bank

Latest News David Cooke 12 Aug

Lately , we have been hearing a lot in the news about mortgage deferrals. Putting off mortgage payments during the pandemic and then starting the payments up again when people are back at work. This actually isn’t a new idea,  Haventree Bank have been doing this since they first opened in 2018. Haventree is a […]

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Housing Market Continued Its Rebound in June and Early July

General David Cooke 15 Jul

Dr Sherry Cooper, chief economist at Dominion Lending Centres punished this article this morning. Of interest to my readers is that housing was up by almost 55% in Calgary There was more good news today on the housing front. Home sales rebounded by a further 63% in June, returning them to normal levels for the month–150% […]

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Predictions for Post Pandemic Housing Prices in Calgary

General David Cooke 9 Jun

Recently, the out-going head of CMHC , Evan Siddall, announced a study that predicted housing prices would drop by 9-18% in the coming months. He predicts that people will not be able to keep up with their mortgage deferral debt. This is an interesting prediction as housing prices have been rising in Toronto and Vancouver […]

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