Inner City Housing Market Leads in Sales As Buyers find value in inner city communities Calgary Real Estate Statistics for June 1, 2011 – According to figures released today by CREB® (Calgary Real Estate Board), year-to-date residential sales in the inner city grew nearly 4 per cent, outperforming the city wide average. City of Calgary residential…
What is bankruptcy? Bankruptcy allows a person to wipe out most of all existing debt and start fresh. It can be a very long and complicated process that should only be used as a last resort. Even though it might bring peace of mind, it comes with challenges to anyone who wants to purchase a…
House prices and unit sales expected to increase in 2011 CALGARY, January 6, 2011 – The Royal LePage House Price Survey and Market Survey Forecast released today showed year-over-year price decreases for most housing types surveyed in Calgary. Standard two-storey homes witnessed the largest year-over-year price decreases falling 5.3 per cent to $404,622. Prices for…
EMPLOYMENT AND MIGRATION NEEDED TO SHAKE OFF WINTER CHILL Low Interest Rates and Affordability to Support Housing Recovery in 2011 Calgary, January 4, 2011 – Home and condo sales in Calgary and area remained relatively unchanged in December 2010, indicating that a full-fledged recovery in the housing market has yet to take hold, according to…
Calgary, November 1, 2010 – Home sales in the city of Calgary were down month-over-month in October 2010, showing signs that buyers still remain cautious, despite signs of economic recovery. Year-over-year sales continued to trend lower in the month of October, according to figures released today by the Calgary Real Estate Board (CREB®). The number…
Just some things Calgary homeowners with strong home equity can do to protect themselves from identity theft and mortgage fraud. OneRealtor out of our office had two clients where criminals went in on low LTVmortgages or free and clear and registered financing without them knowing, then took off with the money. Below are some suggestions…
Thought I would post this for my fellow Calgary Realtors Many of our Calgary Members seem to be under the impression that their Buyer Client is entitled to a final “walk through” of the property that they purchased prior to or at the time of possession prior to releasing funds to the Seller. For many…
Economic optimism,improved choice and price stability contribute to a balanced housing market Calgary, May 3,2010 – Calgary’s housing market continues at a healthy and balanced pace, according to figures released today by the Calgary Real Estate Board (CREB®). The number of single family homes sold in April 2010 in the city of Calgary was up 5…
Calgary, March 1, 2010 – Calgary’s housing market continues to build stability and momentum in the second month of the year, according to figures released today by the Calgary Real Estate Board (CREB®). The number of single family homes sold in February 2010 in the city of Calgary was up 25 per cent from the same…
With rising interest rates on the horizon buyers will see 2010 as the year to take advantage of low mortgage rates Calgary,February 1, 2010 –Affordability continues to drive a recovery in Calgary’s housing market according to figures released today by the Calgary Real Estate Board (CREB®). The number of single family homes sold in January…
Low borrowing costs continue to fuel market recovery : Calgary Real Estate Baord Calgary, December 1, 2009 – The Calgary housing market is showing signs of a sustained recovery according to figures released today by the Calgary Real Estate Board (CREB®). The number of single family homes sold in November 2009 in the city of Calgary…
Calgary, November 2, 2009 – The Calgary housing market continued to rebound in October, according to figures released by the Calgary Real Estate Board (CREB®). “Calgary’s housing market has clearly turned a corner,” says Bonnie Wegerich, president of CREB®. “We expect there to be a few bumps on this road to recovery but we believe…
The Town of Cochrane has retained the services of Stantec Consulting Ltd. to determine the cause of ongoing Bow Ridge wall movement affecting the community of Bow Ridge Phase III, more specifically, those portions of Bow Ridge Drive, Bow Ridge Link and Bow Ridge Close, directly adjacent to the hill. The process was initiated in May…
An open mortgage typically allows the borrower to pre-pay all of the mortgage, renew or refinance at any time before maturity. This also means that you can switch lenders at any time. The catch is that this flexibility to pay back the mortgage whenever you like usually comes with a higher interest rate. An open…
Many homeowners in Calgary are unaware of the dangers posed by identity thieves when it comes to their real estate investment. Unfortunately, real estate title fraud is on the rise in Calgary. According to the Canadian Association of Accredited Mortgage Professionals (CAAMP), real estate industry insiders now peg the average case of real estate fraud…
Effective September 1, 2009, Royal LePage Foothills is changing the relationship our Realtors have with their customers and clients from a common law relationship to a designated agency relationship. What this really means is that our Realtors will now sign a non-exclusive agency relationship with buyers which outlines their duties to their buyers. From the publics…
This is an issue I see far to often in day to day business in Calgary. A few months ago I ran into an issue regarding the above situation. At that time I said to the other Realtor that was involved “that unless you have something outlined in writing by the seller or the seller’s…
Lower mortgage rates have meant increased affordability for Calgary home buyers. For the first time buyer looking for a home of their own, there are some ways to further increase mortgage affordability and stretch one’s housing dollar in Calgary. Here are some tips to consider: Know what you can afford. A mortgage pre-approval helps you…
People these days looking to buy or sell real estate turn to the internet for most of the information they are seeking. After all, the web is more up to date, has better pictures and various other data & information that buyers and sellers are looking for. However there is still a percentage of people…
I thought about writing this post after viewing a great real estate video blog called True Gotham. Basically True Gotham is a series of video blog posts by Manhattan Realtor/ Broker Douglas Heddings. Doug has a mandate and that mandate is to try to come up with some sort of solution to standardize and regulate the advertised sq/ft…
Want to help sell your house? Get Lost! Here is a tip that I think more home owners selling their home should take into account. I was showing homes the other day in Tuscany when my clients and I entered a property where the seller thought it was OK to stay for the showing, and…