April brings a slight inventory decline City of Calgary, May 1, 2019 – There have been no significant changes occurring in sales activity, but the number of new listings coming onto the market continues to ease relative to 2018 levels. The decline in new listings was enough to start chipping away at overall inventory levels,… [Read More]
Downsizing: less work, lower bills, more fun!
The kids are gone. Rooms stay empty and you no longer need many of the goods you’ve accumulated over the years. Maintenance bills seem to only get higher. Cleaning the house never seems to come to an end. Many baby boomers and empty nesters are considering downsizing these days. Cleaning out the house, selling it and… [Read More]
Realtor fees in Calgary
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
Oversupply persists despite improved sales activity for affordable product City of Calgary, April 1, 2019 – March saw a modest decline in city wide sales activity compared to last year. However, sales have been rising for more affordable product in the detached and attached sectors. Shifts in the lower end of the market have not… [Read More]
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]
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