Pocket listings seem to be the new buzz word in Calgary real estate. But with the internet’s explosive growth in the last years, selling your house via the MLS is without a doubt your best option to get your house sold. What is a pocket listing Pocket listings are homes that are for sale, but… [Read More]
Real estate stats November 2018
November 2018 real estate statistics will be released in early December – please check back then!
What you should know about visiting open houses in Calgary
Why open houses are held, and why you should be careful with what you say while you visit an open house. Our website www.FindCalgaryHome.ca is a great resource for open houses in Calgary. We display them city wide, for all agents. But there are a few things you should know about open houses. The source… [Read More]
Real estate stats October 2018
Oversupplied market weighs on prices City of Calgary, November 1, 2018 – Elevated inventory levels compared to sales, are causing prices to ease further in Calgary’s housing market. Citywide benchmark prices totalled $426,300 in October, trending down for the fifth consecutive month and resulting in a year-over-year decline of 2.9 per cent. “Job growth in… [Read More]
Difference between down payment and deposit
Down payment and deposit are terms that come up often when you are buying or selling a home. The terms are easy to mix up, so here is an explanation of the difference between deposit and down payment. In a nutshell; the home buyer pays the deposit to the home seller as good faith money…. [Read More]
Real estate stats September 2018
City of Calgary, October 1, 2018 – With no change in the economic climate, Calgary’s sales activity totaled 1,272 units in September, a 13 per cent decline over the previous year and well below long-term averages. There was a pullback in sales across all product types, most notably the detached market. “Calgary’s economy continues to struggle… [Read More]
Real estate stats August 2018
Unemployment rate slows housing market recovery City of Calgary, September 4, 2018 – Easing sales, gains in new listings and elevated inventory levels continue to slow Calgary’s recovery in the housing market in August. Persistent oversupply in the Calgary housing market continued to weigh on prices in August. Citywide benchmark prices edged down over previous… [Read More]
Zillow won’t revolutionize Calgary real estate
Zillow sells consumer information to Realtors The United States-based real estate website Zillow will expand into Canada this year. But don’t expect it to revolutionize the Calgary real estate market. Zillow is just another website to explore Calgary homes for sale, except with one major difference: Zillow makes money by selling your information to… [Read More]
Real estate stats July 2018
Patience required in Calgary’s housing market recovery City of Calgary, August 1, 2018 – Recent struggles in the job market, accompanied by yet another interest rate increase, is piling on to the decisions potential purchasers have to make in the housing market. The month of July saw 1,547 units sold in Calgary, nearly five per… [Read More]
Real estate stats June 2018
Weak sales persist in Calgary and beyond City of Calgary, July 3, 2018 – Many Canadian energy-related municipalities within Alberta and Saskatchewan have seen housing markets struggle over the past few years, resulting in price declines. The recent mortgage rule changes and higher lending rates are factors weighing on demand and prices across some of… [Read More]