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Calgary Herald Article February 20, 2009 Business Section, Page C3, By Mario Toneguzzi Summary of Article: Information Based on “The Housing Market Outlook” by CMHC For 2009 MLS Sales Expected to Fall by 13.6% to 20,000 Sales Average Sale Price to Fall by 6.2% to $380,000 in 2009 MLS Sales to Increase by 10% to 22,000 Sales in 2010 Average Sale Price to Increase by 2.6% to $390,000 in 2010 Positive Factors Include Government Stimulus Packages Calgary’s Population Grew ... Full Article...

Home renovations are smart investments in the long term value of a home and also create economic activity by increasing the demand for labour, building materials and other goods. Renovations can also reduce energy consumption and the long-term cost of owning a home. To provide some $3 billion of much-needed fiscal stimulus and encourage investments in Canada’s housing stock, Budget 2009 proposes to implement a temporary Home Renovation Tax Credit (HRTC). Temporary, Timely and Targeted ... Full Article...