Found 81 blog entries tagged as YEG.

 

What You Need to Obtain a Mortgage

A home purchase is one of the largest assets and the biggest debt that a person will have. If this is your first time obtaining mortgage, then there are a few things that you need to know about what is required to qualify.

Credit History: How is your current credit and how has it been in the past? Your financial institution will look at your rating, and that everything is in good standing. If you are able to manage your debt, then it reflects on your ability to manage house payments.

Debt Load: What are your liabilities? How much debt do you have? Your financial institution will look at the amount that you owe compared to the amount that you earn. Your debts should not exceed 40 to 42 % of your gross…

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New House Prices On The Rise In Alberta

The average price of newly built homes in Alberta was on a downward trend before the pandemic, but has picked up some steam in recent months.

As of February 2020 (the month before the pandemic was declared), the new home price index for Alberta was 2.6 per cent below where it was in December 2016.

The price index barely moved during the pandemic in 2020, but it did get as low as 3.3 per cent below the baseline set in December 2016.

The index ticked up slightly in each of the first four months of 2021 to reach its highest level in six years. The increase, however, was modest at just 1 per cent above where things stood at the end of 2016.

The paths…

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ATB Economics | May 10, 2021

Lumber Prices Setting Records

   

The surge in lumber prices over the last year has been stunning with North American benchmark prices setting new records each week. Chicago lumber futures, for example, started 2020 at just over US$400 per thousand board feet but hit the 1,700 mark at one point on Friday.

With COVID-related restrictions in the U.S. easing and the spring construction season underway, the demand for lumber south of the border has increased.

At the same time, the Canadian residential construction industry is expected to do well this spring and summer. Data…

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What makes a house a home?  As a born and raised Edmontonian, I have called Edmonton my home all my life, and no matter what side of the city I’ve lived on, I’ve never been more than an hour’s drive from my parents.  The uncles, aunts, and cousins I grew up with have all been within a half hour’s drive.  Or a really long bike ride as I discovered the one time I rode my bike from Callingwood to Londonderry more than 20 years ago.  

I’ve never experienced living away from “home”. 

My husband, Chris, is from Newfoundland.  Although he has lived here almost his entire adult life, I’m sure a part of him calls NL home and I know, especially through the pandemic, he misses his family terribly. When we got married, I never imagined how hard it would be…

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