A fairly big story this week in the mortgage and real estate industry, was the rise of Canada’s five-year bond rates. The reason it’s a significant change, is that many believe this is the sign of an upcoming increase in fixed-rate mortgages. We figured we would poll a couple of the mortgage experts on Twitter […]
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Highlights of the Calgary Spring Residential Mortgage Market
The CAAMP (Canadian Association of Accredited Mortgage Professionals) recently released their Spring report on the residential mortgage market in Canada. Instead of getting you to read that, we decided to pull the highlights for you (with our comments): • Mortgages in Canada are being paid back in only two-thirds of the contracted period. Canadians are […]
Where to Get Your Daily Dose of Calgary Real Estate
If you like to be kept in the loop about the latest real estate news, here are some great sources to check out for your daily dose of industry news. CREBNow BlogThis blog is run by CREB, and features a daily post with real estate headlines from the past 24 hours, as well as a […]
Now is the Rime to Sell Your Calgary Home
You’ve been hearing it a lot lately: Calgary is a seller’s market right now. While this time is traditionally favourable to buyers, we’re not yet dealing with those kinds of conditions. There’s still a tighter inventory than we’re traditionally used to at this time of year, and it’s definitely working in favour of sellers. Jarome […]
Calgary Landmark Homes Win Awards of Excellence in Housing
We are happy to work with great Calgary home builder, Landmark Homes, and the company was recently awarded several titles at the 2013 Awards of Excellence in Housing. Landmark Homes was recognized for the following awards this week: • Best duplex ($330,000 – $425,000): Apex III D • Best Single-family $500,000 to $600,000: Mendelssohn II […]
Calgary’s Condo Sales are Up, Despite Sales Drop Elsewhere
CREB reported earlier this week that the housing supply in Calgary was experiencing a tightened supply, which was affecting the number of homes sold. However, the condo market has not seen this trend at all, quite the opposite in fact. CREB news release: The condominium townhouse market is the only category to record a year-over-year […]
Why Now is a Great Time to Buy a Home in Calgary
With the beginning of Spring comes the transition into the traditional Spring real estate market as well. This time of year is usually when transactions pick up, due to the warmer weather, and increased desire to move. With more inventory comes more options for buyers. Repeat home sale prices are also down right now, playing […]
Q: Is Now a Good Time to Sell Your Calgary Home?
A: Now is a great time to sell your home! March is an ideal time to list your home for sale, for several reasons. Firstly, interest rates are still low, so there are buyers out there. Also, the market is generally lighter this time of year, and with lower inventory, there is less competition. This […]
Calgary Condo Property Act: Does it need to change?
Service Alberta is currently looking for condo owners to take part in a quick survey online, to help them make the Condo Property Act better. We thought we’d run our own little Twitter survey to see what condo owners feel are the issues with the Act right now (if any). Thanks everyone for the great […]
Calgary Housing Market: New Average Sale Price Record
January kicked-off the real estate market in Calgary on a good note: total sales and average sale price hit new highs last month. According to numbers released by CREB, total MLS sales in Calgary rose 15% in January, and average sale price rose 12% for the month. The average sale price in January was $439,671, […]
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