Alberta government names former PM Harper as AIMCo board chair, reappoints three former members – Calgary Herald + MORE Nov 20th

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Canada’s mortgage market has now absorbed four Bank of Canada (BoC) rate cuts, and house hunters are feeling the effects. The latest housing affordability data compiled by Ratehub.ca finds that lower mortgage rates made it easier to purchase a property in nearly every major Canadian housing market in October—a finding backed by a strong uptick in buying activity, as national home sales rose by 30% last month. (Ratehub Inc. owns both Ratehub.ca and MoneySense.) 

The monthly report provides a snapshot of how affordability is evolving in real time across Canada, based on real estate data from the Canadian Real Estate Association (CREA), changing mortgage rates and the mortgage stress test. It measures affordability by determining how much income is needed to qualify for a mortgage for the average-priced home in each market.

The October edition (updated monthly, so bookmark this page) reveals that affordability conditions improved in 12 of the 13 markets studied. This was mainly due to the fact that mortgage rates steadily decreased over the course of the month…

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Alberta government names former PM Harper as AIMCo board chair, reappoints three former members  Calgary HeraldStephen Harper appointed chairman of Alberta Investment Management Corporation  CBC.caStephen Harper appointed to oversee $160B AIMCo fund  Global News TorontoAlberta appoints former prime minister Stephen Harper to chair AIMCo board  The Globe and MailStephen Harper named chair of AIMCo, three directors reappointed  Financial Post

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