By Julian Beltrame, The Canadian Press OTTAWA – Any thoughts Bank of Canada governor Mark Carney might have had about cutting interest rates further today likely flew out the window after a recent spate of relatively good economic news. The Bank of Canada will announce its policy setting – which influences short term interest rates…
Following steep declines in 2010 sales, the Calgary residential resale market is on the path to recovery. Single family sales will lead the growth with an anticipated 8 per cent increase in sales. Prices are expected to record a moderate increase, mostly due to an increase in higher-end sales and consumer appetite for somewhat discounted…
For many homeowners, paying off their mortgage as quickly as possible is a top priority. Paying down extra principal in the early years by whatever means possible can shorten the life of your mortgage – and dramatically lower the interest you’ll pay over the long haul. Here are a few tips on how to make…
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…
Home sales in the city of Calgary increase month-over-month in September 2010 Calgary, October 1, 2010 – Home sales in the city of Calgary were up month-over-month in September 2010, the first uptick in sales since April 2010. Year-over-year sales continued to trend lower in the month of September, but at a pace slower than…
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…
City of Calgary sales wane as town and country sales hold steady Calgary, September 1, 2010 – Home sales in the city of Calgary continued to trend lower in the month of August, according to figures released today by the Calgary Real Estate Board (CREB®). The number of single family homes sold in August 2010…
Calgary, August 3, 2010 – The summer cool down in Calgary’s housing market continued in the month of July, according to figures released today by the Calgary Real Estate Board (CREB®). The number of single family homes sold in July 2010 in the city of Calgary was down 42 per cent from the same time…
Mortgage trends cool Calgary home sales Calgary, July 2, 2010 – Calgary home sales continued to show a marked year-over-year decline in the month of June, according to figures released today by the Calgary Real Estate Board (CREB®). The number of single family homes sold in June 2010 in the city of Calgary was down 42…
May Brings MarkedDecline in Home Sales Average price risesas move-up buyers enter market Calgary, June 1,2010 – Calgary home sales showed a marked decline in the month of May, according to figures released today by the Calgary Real Estate Board (CREB®). The number of single family homes sold in May 2010 in the city of Calgary…
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…
Improved economic outlook and job prospects to be a bigger factor in the long-term Calgary, April 1,2010 – Calgary’s housing market enjoyed a healthy boost in March as homebuyers anticipate an earlier than expected rise in interest rates, according to figures released today by the Calgary Real Estate Board (CREB®). The number of single family homes sold in…
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…
On February 16, Finance Minister Jim Flaherty announced new mortgage rules intended to help ensure homebuyers can handle their debt load when interest rates rise, as well as to slow down real estate speculation. “There’s no clear evidence of a housing bubble, but we’re taking proactive, prudent and cautious steps today to help prevent one. …
In the Canadian Real Estate Association’s 2009 Report on the Consumer, respondents were asked what attributes they considered important in a REALTOR® whom they would hire to sell their home. Over half (58.6 per cent) of all respondents said “trustworthiness and honesty” was the primary attribute. “A solid, overall knowledge of the housing market” was…
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…
–House prices forecast to further improve in 2010- Royal LePage Canada just released a market forcast for Calgary and other major Canadian Cities. Calgary, January 7, 2010 – Calgary’s house prices are seeing modest gains and are expected to further improve through 2010, according to the Royal LePage Market Survey Forecast and House Price Survey.…
Message from the Calgary Real Estate baord indicates a Year-over-year sales increase for seventh consecutive monthCalgary, January 5, 2010 – The Calgary housing market continues to show 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 December 2009 in…
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…
After reading this article by the Toronto Star please let us know your thoughts. Are Calgary Realtors charging too much for commissions? My opinion is you get what you pay for!! What’s your opinion? Canadians in the housing market will pay less in realty commissions and fees if the federal Competition Bureau has its way. In a…
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…
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…
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…