Real Estate Blog / Data - Blog Archive: October, 2020

October 2020

Found 7 blog entries for October 2020.

Happy Halloween 

Halloween’s origins date back to the ancient Celtic festival of Samhain (pronounced sow-in). The Celts, who lived 2,000 years ago, mostly in the area that is now Ireland, the United Kingdom and northern France, celebrated their new year on November 1.

This day marked the end of summer and the harvest and the beginning of the dark, cold winter, a time of year that was often associated with human death. Celts believed that on the night before the new year, the boundary between the worlds of the living and the dead became blurred. On the night of October 31 they celebrated Samhain, when it was believed that the ghosts of the dead returned to earth.

In addition to causing trouble and damaging crops, Celts thought that the presence of

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Alberta Retailers Lost Ground In August

   ATB Economics | October 22, 2020

 

After three months of growth, seasonally adjusted retail sales in Alberta fell by 1.6 per cent ($111.1 million) in August. Sales were down by 0.6 per cent ($39.7 million) compared to the previous August.

Nationally, sales edged up by 0.4 per cent ($192.1 million) with year-over-year sales up by 3.5 per cent ($1.8 billion).

Alberta was the only province with retail sales in August below where they were 12 months earlier.

Sales in the province over the first eight months of the year were 6.4 per cent lower than over the same period last year, leaving a $3.4

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Happy Thanksgiving!

The first official, annual Thanksgiving in Canada was celebrated on 6 November 1879, though Indigenous peoples in Canada have a history of celebrating the fall harvest that predates the arrival of European settlers. 

The celebration featuring the uniquely North American turkey, squash and pumpkin was introduced to Nova Scotia in the 1750s and became common across Canada by the 1870s. In 1957, Thanksgiving was proclaimed an annual event to occur on the second Monday of October. It is an official statutory holiday in all provinces and territories except Prince Edward Island, New Brunswick and Nova Scotia.

TaraKennedy_HappyThanksgiving

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 Buying a Recreational Property

Spending time at a cottage or recreational property can be a great idea. Not only do you have the conveniences of home, but you feel you are on a vacation whenever you need to get away.

However, there are a few things to consider when looking to purchase a recreational property.

  • Can you financially afford a second property? Ensure that you have a solid plan in place, and know where the down payment will be coming from. 
  • How will you make the monthly mortgage payments? Will the monthly payments leave you house poor, or will you be able to save enough for repairs, maintenance, and enjoying life? 
  • Keep in mind that CMHC will not allow anyone to take advantage of their program when buying a second
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