Calgary And Vancouver Lead Canadian Housing Market Boom

The average sale price in Alberta is expected to rise by 4.8 per cent this year to $380,500, the second best growth rate in the country behind Newfoundlandas 6.1 per cent. Alberta is then forecast to lead the country in 2014 with 3.4 per cent growth to $393,300. Canadian average sale prices are forecast to grow by 3.6 per cent this year to $376,300 and by another 1.7 per cent in 2014 to $382,800.
For the original version including any supplementary images or video, visit http://www.calgaryherald.com/business/Calgary+Vancouver+lead+Canadian+housing+market+boom/8917019/story.html

Housing Markets About to Get Squeezed

For the first six months of this year, the number was just over 95,000. By one measure, theyre most in demand in Cook County, Ill., where 10,510 mortgages originated in 2012 and 4,137 during the first six months of this year were within $25,000 of current cap levels the highest number in any county nationwide, according to LPS. In contrast, Manhattan, baltimore property management which has some of the most expensive real estate in the country, had just 1,187 and 460 of such large loans, respectively, for each time frame. Nationally, these loans have accounted for less than 3% of all Fannie Mae and Freddie Mac mortgages given to borrowers during this time, though the share is much higher in some regions. In Colorado, North Carolina and South Carolina as well as in the District of Columbia, they account for more than 5% of agency mortgages that borrowers signed up for last year. They had over a 10% share in three Colorado counties, Boulder, Denver and Gunnison, during the first half of this year.
For the original version including any supplementary images or video, visit http://finance.yahoo.com/news/housing-markets-squeezed-120214467.html

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