Tuesday, 28 May 2013

Home Prices Hit A Record Across All of Canada - Calgary Leads Growth

Home Prices Hit A Record Across All of Canada - Calgary Leads Growth

Home Prices across Canada Hit a Record as prices continue to rise, even as the number of overall sales falls, as does sales price growth. Calgary, with it's robust economy based in the oil patch, with the oil and gas industry lead the nation. Vancouver's prices dropped moderately, while Toronto home prices levelled off, although there was still some growth in the prices of new homes.


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According to a new report from BMO Economics, the Canadian housing market is calming rather than crashing, as the impact of tougher mortgage rules and cooling credit is partly offset by the supportive influence of low interest rates and continued income growth.


http://www.bmocm.com/economics

"House prices have hit record highs in most regions across Canada, though the rate of appreciation has slowed," said Sal Guatieri, Senior Economist, BMO Capital Markets. "Resale markets are largely balanced, though buyers have gained leverage in some provinces, including Quebec and British Columbia. Steadier prices are expected in the year ahead amid decent job growth. A benign outlook for rates and income should support affordability this year, weighing towards relatively steady sales and prices in most regions


About Ascension Health Ventures


Ascension Health Ventures was launched in 2001 as a wholly owned subsidiary of Ascension Health. Today it is a subsidiary of Ascension Health Alliance, a parent company formed in 2012. AHV's role is to construct and manage a strategic portfolio of investments that deliver a venture investment return, have the potential to transform the healthcare industry, and significantly enhance the experience for patients, their families and their caregivers. AHV has three venture funds under management and its limited partners include Ascension Health Alliance, Catholic Health East, Catholic Health Initiatives, Decatur Memorial Hospital, Dignity Health, Intermountain Healthcare and Mercy. For more information, go to www.ascensionhealthventures.org.


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