Calgary, October 1, 2009 – Calgary home prices show signs of stability as recovery in the housing market begins to take hold. The average price of a single family Calgary metro home in September 2009 was $459,085, showing an increase of 1 per cent from August 2009, when the average price was $454,130, and showing…
Housing starts in Canada are expected to rebound in the second half of 2009 and will reach 141,900 for the year. Starts will increase to 150,300 for 2010, according to the Canada Mortgage and Housing Corporation (CMHC). “Economic uncertainty and lower levels of employment tempered new housing construction in the first half of this year”,…
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…
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…
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…
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…
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…
I thought I would post this after reading a very confusing article in the Edmonton Sun on Friday October 17th 2008. Basically the article conveys that the Calgary market is turning into a seller’s market again. I am not sure where they attain their information from or how they work the numbers, but I would like…