Market rebounds on news that the worst of recession is over Here is an update from CREB (Calgary Real Estate Board) Calgary, September 1, 2009 – Calgary metro home prices made the first year-over-year increase on a monthly basis since February 2008 according to figures released by the Calgary Real Estate Board (CREB®). Prices received…
A Word From . . . Ted Zaharko Ted Zaharko is the broker/owner of Royal LePage Foothills. His brokerage, which comprises eight offices and more than 250 REALTORS® serving Calgary and surrounding area, will soon be one of two brokerages in Alberta to adopt the designated agency brokerage model. Designated agency is a brokerage model…
If you intend to buy a home that needs some immediate upgrades, a “purchase plus improvements” mortgage may be right for you. This type of mortgage covers the purchase price of the home, plus any renovations that would increase the value of the property, such as finishing a basement or redoing the kitchen. For current…
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…
Another interesting week in the Calgary real estate market. Here are this weeks Calgary real estate statistics for August 3 – August 9, 2009. To view market details on individual Calgary neighbourhoods that you may be interested in please check out my Calgary Neighbourhood profiles page of the Calgary Real Estate Resource Centre. You can also look at past Calgary Week In…
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…
It’s been an interesting week in the Calgary real estate market. Earlier last week the bank of Canada announced that the prime lending rate will remain untouched for the next few months. They also announced the end of the recession, which I am a little skeptical off. Since these announcements Calgary home buyers have seemed to ramp up…
Here are this weeks Calgary real estate statistics for July 13 – July 19, 2009. To view market details on individual Calgary neighbourhoods that you may be interested in please check out my Calgary Neighbourhood profiles page of the Calgary Real Estate Resource Centre. You can also look at past Calgary Week In Reviews to gauge how the real estate market is…
The Bank of Canada announced this morning that it will leave its key interest rate unchanged. The Bank also reiterated its commitment to hold its key rate at the current level until the end of the second quarter of 2010, conditional on the outlook for inflation. In its statement the Bank noted that in Canada,…
Sales are slightly down this week, but inventory is still dwindling. Here are this weeks Calgary real estate statistics for July 6 – July 12, 2009. To view market details on individual Calgary neighbourhoods that you may be interested in please check out my Calgary Neighbourhood profiles page of the Calgary Real Estate Resource Centre. You can also look at past…
Here we go just two more days until the start of the Calgary Stampede and it is finally starting to feel like summer out there. It is absolutely great! Sales are up across the board again for the third week in a row and inventory is still dwindling. Here are this weeks Calgary real estate statistics for June 22 – June 28, 2009.…
Sales are up across the board again for the second week in a row and inventory is still slowly dwindling. Here are this weeks Calgary real estate statistics for June 15 – June 21, 2009. To view market details on individual Calgary neighbourhoods that you may be interested in please check out my Calgary Neighbourhood profiles page of the Calgary Real…
When looking for a home in a shifting interest rate environment, you need to make sure that you get a good rate. An independent mortgage broker is the best starting point – he or she will discuss your borrowing needs, introduce you to your best financing options, and get you a very competitive interest rate. A broker…
Sales are up across the board this week and inventory is slowly dwindling. The market is nearly balanced if you look at the sales vs. inventory, and activity over the past couple weeks. Is this the end of the drop in home prices in Calgary and the conclusion to the Calgary real estate crash that so many talked…
Nearly 90 per cent of recent home purchasers across Calgary and Canada believe that home ownership is a good long-term investment and that almost 70 per cent think that now is a good time to purchase a home in their community. That’s according to the 2009 Mortgage Consumer Survey by the Canada Mortgage and Housing Corporation…
Here are this weeks Calgary real estate statistics for June 1 – June 7, 2009. To view market details on individual Calgary neighbourhoods that you may be interested in please check out my Calgary Neighbourhood profiles page of the Calgary Real Estate Resource Centre. You can also look at past Calgary Week In Reviews to gauge how the real estate market…
Listing Shortage May Be At Hand – May 2009 sales exceed sales set in May 2008 – Message from : Ted Zaharko . B Comm., F.R.I., C.M.R. Owner/Broker . Royal LePage Foothills CALGARY – As we approach the mid-point of this economically challenging year, we are seeing some significant trend lines that many were not forecasting. I…
Here are the current Calgary real estate statistics for May 25 – May 31, 2009. To view market details on individual Calgary neighbourhoods that you may be interested in please check out my Calgary Neighbourhood profiles page. You can also look at past Calgary Week In Reviews to gauge how the real estate market is changing in Calgary. If you have…
In the Calgary real estate market or in any real estate market, prepping your home so that potential buyers see it in its best light can mean that your home sells more quickly and possibly at a better price. Here are a few simple steps that can yield big dividends when selling your home in…
Here are the current Calgary real estate statistics for May 18th – May 24th, 2009. To view market details on individual Calgary neighbourhoods that you may be interested in please check out my Calgary Neighbourhood profiles page. If you have any questions feel free to leave me a comment on the blog or email me. I am alway glad to…
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…
Here are the current statistics for May 11th – May 17th, 2009. To view market details on individual Calgary neighbourhoods that you may be interested in please check out my Calgary Neighbourhood profiles page. If you have any questions feel free to leave me a comment on the blog or email me. I am alway glad to answer your Calgary…
Here are the current statistics for May 4th – May 10th, 2009. To view market details on individual Calgary neighbourhoods that you may be interested in please check out my Calgary Neighbourhood profiles page. If you have any questions feel free to leave me a comment on the blog or email me. I am alway glad to answer your Calgary…
Here are the current statistics for April 27th – May3rd, 2009. I plan to make this a weekly recurrence. To view market details on individual Calgary neighbourhoods that you may be interested in please check out my Calgary Neighbourhood profiles page. If you have any questions feel free to leave me a comment on the blog or email…
Here are the current statistics for April 20th – 26th, 2009. To view market details on individual Calgary neighbourhoods please check out my Calgary Neighbourhood profiles page. If you have any questions feel free to leave me a comment on the blog or email me. I am alway glad to answer your Calgary real estate questions. Nevin…
Royal LePage Foothills OPENHOUSES Saturday, April 25 & Sunday, April 26 Southwest Altadore…………………. Sat 2-4:30………………………………4120 – 16 Street SW………………………….. 2 Story……………. $754,900……….. Ken Rigel……………………….835-6338 Altadore………………………………………… Sun 2-4:30………3928 – 16 A Street SW………………………. 2 Story……………. $819,900……….. A. Karamitsanis………………614-2694 Altadore………………………………………… Sun 2-4…………..#26 – 6 Scarpe Dr SW……………………….. 2 Story……………. $559,900……….. Mary Lou McCormick………921-1458 Altadore…………………. Sat 2-4:30……… Sun…
Below is an update from the Bank of Canada. How will the decrease in mortgage rates affect the Calgary real estate market. Send in your opinions on the comments section below. Bank of Canada lowers target for the overnight rate to 0.25% “OTTAWA – The Bank of Canada today announced that it is lowering its target…
Here is the Calgary weekly market update for April 13th – 19th, 2009. Enjoy!!! Nevin Van Nest . Realtor . Royal LePage Foothills Weekly Absorption Rate Unit Sales vs. Active Listings – Single Family Homes and Condos Weekly Absorption Rate Unit Sales vs. Active Listings – 30 Day Average For the past couple weeks listing…
Sorry for the delay in getting this post out. I was actually on vacation for the past while. Let me tell you returning to all this snow was sure a surprise. The real estate market in Calgary is still very much the same as a couple weeks ago. The market for all intensive purposes is remaining relatively stable…
It’s been an interesting week in the Calgary real estate market. If you’ve been reading headlines in the papers such as the Calgary Herald you will notice there seems to be some stir in the market with the slight suggestion that things are picking up. I am not sure how much earth shattering news there is to report…