Calgary Real Estate News and Information

Another example of a recent transaction utilizing a Home Equity Line of Credit was for a client wanting to purchase a revenue property. They knew they wanted a revenue property but were very nervous of applying for a mortgage - not wanting to be tied down for many years. Essentially, they decided they would not move forward and purchase a ...

This is still a very common topic of interest for my clients - what should I do?  Fixed of Variable? Well - my answer is always going to be Variable - here is the data to support why.  (need .PDF reader) Aside from a few short periods in time, the variable is always the better choice.  Lenders offer options to lock in if you ...

Calgary showed a slight decline in the month of May with a total of 1262 Single Family Home Sales compared to 1352 in April - however the median price range actually went up to $420,000 from $417,000 last month. The number of new listings was aslo down slightly from April, meaning that our inventory levels did not shoot up.  This, along with ...

Released by RBC Economics, declines in home affordability were significant across Canada except for Alberta. http://online.wsj.com/article/BT-CO-20100525-702967.html?mod=WSJ_World_MIDDLEHeadlinesAmericasWhat does this mean - speaking specifically for Calgary? This is a positive outlook and, solidifying our trend of a stabilizing housing market. We ...

Good morning:  Bank of Canada posts qualifying rates every Wednesday.  As of May 19, 2010 the qualifying rate is 6.10% (down from 6.25% last Wednesday).  This qualifying rate is applicable for all insured variable rate mortgage and fixed rate mortgage with terms under 5 years.  This is a qualifying rate only not the ...

Surprisingly, April was somewhat slower of a month than one would have expected.  Certainly nothing to be alarmed about, as the statistics continue to show stability. A little chatter out there in the media about another housing bubble - Calgary does not fit this catagory as the prices over the past year have stabilized - unlike ...

The lastest statistics released from the Calgary Real Estate Board show a consistant trend of stability in our market.  The number of homes selling versus being listed is at 74% - this almost borderline on the high side - however, statistically - March and April are very busy months.  I expect this figure to come back down into the high ...

As the headline says - "Calgary Housing Market Shows Signs of Balance, Not Bubble" - Unable to agree with that statement more! That is exactly what we have been seeing for the past few months now.  There was some immediate hype from the media and of course followed by un-needed concern from the public that the Governments mortgage ...

Calgary saw the expected increase of new listings in January  - we ended the month with approximately 500 more single family homes compared to December.  Expect to see this increase of inventory to continue through February.  We are creeping up to our statistically 'busy' period, if you are considering beating the rush - now ...

Starting today, you can request to have detailed community real estate market reports emailed on a monthly basis to keep you up to date with trends in any area in and surrounding Calgary! This is a great new service offered for those who want to be fully knowledgeable about Calgary's Real Estate Market.  What you get...Current ...