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
January 2019 real estate statistics will be released in early February – please check back then!
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]
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]