Here's an article from the Globe and Mail about housing affordability in Canada. It says that for the most part house's have become less affordable, with Alberta being the exception.
http://www.theglobeandmail.com/report-on-business/economy/home-ownership-costs-rise-across-canada/article1579750/
This is an great article from Jesse Semko at Avenue Calgary Magazine. Check out the full article online!
http://avenuecalgary.com/articles/page/item/the-future-face-of-calgary
A great little 5 Chapter Article to help the first-time home buyer from The Globe and Mail!
http://www.theglobeandmail.com/globe-investor/investment-ideas/investor-education/chapter-1-what-do-i-need-to-know-before-i-start-looking-for-a-home/article658090/
posted in General
at Fri, 07 May 2010 10:50:28 -0600
Financial auditors have found there to be tens of millions of dollars in mortgage fraud found in Alberta. The intricate web was created by insiders at BMO, mortgage brokers and real estate agents. The technique used was through a scam using a "straw buyer". Please click the link below for the full story.
http://www.cbc.ca/canada/calgary/story/2010/05/04/mortgage-fraud-bank.html