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
August 2018 real estate statistics will be released in early October – please check back then!
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]
Bring your realtor when buying new home from the builder
You are allowed to work with your own realtor when you buy a new build home, directly from the builder. The show homes in Calgary are all staffed by sales people, who work in the best interest of the builder. Sales people in show homes are not licensed like realtors are, and these sales people… [Read More]
Real estate stats May 2018
Lending conditions weigh on housing demand City of Calgary, June 1, 2018 – May sales activity continue to ease with the largest declines occurring in the detached sector. Additional gains in new listings continue to increase inventory levels. City-wide sales activity in May totaled 1,726 units and is 19 per cent below last years’ levels. This is… [Read More]
guaranteed sold in 90 days or we buy it
“Your house guaranteed sold in 90 days or we will buy it”. It sounds very appealing, until you read the small print. Most likely it is not your best option as a seller. But for the agent, it is a great marketing tool to get contacted by a motivated seller. Looking at the bigger picture,… [Read More]
Real estate stats April 2018
Soft Sales Continue in April Prices steady, but struggles in Alberta economy weighs on housing City of Calgary, May 1, 2018 – Changes to the lending industry and a challenging economic recovery are weighing on sales activity in Calgary’s housing market. Supply levels have not adjusted to the weaker demand environment, and that is preventing… [Read More]