Alberta housing markets may surprise investors post-recovery – report

Calgary’s real GDP will likely shrink by 5.5%, while Edmonton will likely see a 5.6% decline, CTV News reported.

Alberta housing markets may surprise investors post-recovery – report

Should COVID-19’s impact be moderated and the Albertan economy restarts in the next few quarters, the Calgary and Edmonton housing markets might see recovery sooner than expected.

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161 Lancaster Terrace Northwest, Edmonton. Click for more photos and pricing

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Tired of driving everywhere? This condo is perfect! Walking distance to groceries, restaurants, medical centers, YMCA Recreation Centre, Splash Park, schools, all within walking distance. Still, want to keep your vehicle? One assigned covered park stall is included in the sale. Looking for an investment opportunity, this checks that box too.

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161 Lancaster Terrace Northwest, Edmonton. Click for more photos and pricing

161 Lancaster Terrace Northwest, Edmonton T5X 5T1. Click for more photos and pricing

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10 Willowbrook Crescent, St. Albert. Click for more photos and pricing

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Big family? Love trees? Need to be close to the best schools? This is it! An exceptional 2+2 bedroom bungalow has the ideal layout for a large, busy family. Open concept bungalow, with newer double pane large windows allowing tons of natural light. Keep an eye on everyone when making dinner, doing homework, or cozying up to the gas fireplace.

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10 Willowbrook Crescent, St. Albert. Click for more photos and pricing

10 Willowbrook Crescent, St. Albert T8N 3J1. Click for more photos and pricing

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Latest in Mortgage News: Stress Test Rate to Drop

Both RBC and BMO cut a number of their posted mortgage rates this week, which should cause the mortgage stress test to fall from 5.04% to 4.99%, according to RateSpy.com.

Latest in Mortgage News: Stress Test Rate to Drop

“It’ll mark the first time since January 2018 (when OSFI’s stress test began) that this benchmark rate has been under 5%,” the site noted. “And, if one more bank matches BMO’s and RBC’s 4.94%, it could drop another 5 basis points.”

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