Let’s start with a fact: real estate commissions in Calgary are not standard. In Calgary, the most used model is 7/3. This means a seller pays $7,000 on the first $100,000 and 3% on the balance. If a house sells for $400,000, that means $7,000 for the first $100,000 plus 3% on $300,000. That is… [Read More]
Real Estate Stats March 2019
March 2019 real estate statistics will be released in early April – please check back then!
Avoid these mistakes when selling your own home
Some people opt to sell their home themselves, without the use of a realtor. We like to offer you some insights on mistakes that many private sellers make. Over time, we only came across a few situations where we had to deal with the seller directly. But despite that, we can offer you a plethora… [Read More]
Real Estate Stats February 2019
Housing market feels the chill as oversupply continues City of Calgary, March 1, 2019 – The effects of Calgary’s economic climate continue to create weak sales activity and elevated inventory in the city’s housing market. As a result, prices are being affected. “It is not a surprise that slowing activity in the housing market has… [Read More]
Difference between term and condition
What is the difference between a term and a condition when buying or selling a home? Both terms come up often when buying or selling real estate. Here is an explanation about the difference between a term and a condition. Also, some simple examples are included. A condition needs to be satisfied to close the… [Read More]
Real Estate Stats January 2019
New year kicks off with slow sales City of Calgary, February 1, 2019 – As economic challenges linger into 2019, housing markets remain on a sluggish pace. January sales totalled 804 units, 16 per cent below last year and 21 per cent below long-term averages for the month. “The slow start to the year does… [Read More]
Difference between appraisal and CMA
The difference between an appraisal and a home evaluation or CMA There are several differences between an appraisal and a home evaluation, apart from that the appraisal cost a few hundred dollars, and the home evaluation from the realtor is free. The realtor creates the home evaluation, also known as the CMA, the Comparative Market… [Read More]
Real Estate Stats December 2018
Job market weakness and lending restrictions a common thread in 2018’s housing market City of Calgary, January 2, 2019 – As oversupply continues in Calgary’s housing market, December prices eased by one per cent compared to last month and are over three per cent below last December. “Persistent weakness in the job market and changes… [Read More]
Pocket listings in Calgary
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
Challenging economic conditions continue to impact the resale market City of Calgary, December 3, 2018 – Sitting below long- term averages, November sales in the city totaled 1,171 units. For the year so far, sales activity has totaled 15,349 units, a 14 per cent decline over last year and nearly 20 per cent below long-term… [Read More]
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