Sellers’ market conditions continue in April City of Calgary, May 2, 2022 – Following an all-time record high month of sales in March, activity slowed down in April. However, with 3,401 sales, it was still a gain of six per cent over last year and a record high for the month of April. “Despite some… [Read More]
Buying a Home, 8 Mistakes to Avoid
The process of buying a home can be incredibly exciting, yet stressful, all at once. Where do you start and what do you need to know? It is essential you do your homework before you begin. Learn from the experiences of others, do lots of research. Of course, with so many details involved in the home buying process,… [Read More]
Real Estate Stats February 2022
Sales continue to surge as listings rise City of Calgary, March 1, 2022 – Thanks to a surge in new listings, sales activity reached a record high for the month of February with 3,305 sales. The rise in new listings caused adjusted inventories to rise above last months levels. However, with only one month of… [Read More]
What are HOA fees or Home Owners Association fees?
What are Home Owners’ Association fees and Residents’ Association fees? And what exactly does a community association do? What is a Home Owners’ Association? The Home Owners’ Association (HOA) is a non-for-profit organization, within a community, that establishes control over beautifying the community, the maintenance of greenspaces and the entrance of the community. As well,… [Read More]
Real Estate Stats January 2022
Sellers’ market conditions continue to impact prices City of Calgary, Feb. 1, 2022 – Thanks to persistently strong sales, inventory levels in the city eased to 2,620 units, the lowest levels seen since 2006. This caused the months of supply to remain exceptionally low for this time of year at 1.3 months. The tight market… [Read More]
Buying a home without hiring a realtor
In Alberta, it is not required to hire a realtor to buy a home. Even when the home is listed on the MLS, and listed by a licensed realtor, a buyer can work without his or her own representation. However, buying a home is a complex process. It involves many parties like sellers, buyers, lawyers,… [Read More]
Real Estate Stats December 2021
2021 record year for home sales City of Calgary, January 4, 2021 – Thanks to exceptionally high sales in December, 2021 was a record year for home sales. Calgary sales reached 27,686 units this year, nearly 72 per cent higher than last year and over 44 per cent higher than the 10-year average. “Concerns over… [Read More]
Required list of condo documents to buy or sell
Selling or buying a condo? Condominium owners are part owners in a corporation. A seller must provide the buyer with a long list of condominium documents. What are the documents that a seller must provide to the buyer? And what do these ‘condo docs’ tell? Following is the entire list of condominium documents, which is… [Read More]
Real Estate Stats November 2021
Persistent sellers’ market conditions drive up prices City of Calgary, December 1, 2021 – Driven by growth in demand for all property types, there were 2,110 sales in November, just shy of the record for the month set in 2005. “Lending rates are expected to increase next year, which has created a sense of urgency… [Read More]
Why sign a service agreement or buyer brokerage agreement
Since July 2014, the RECA, the Real Estate Council of Alberta, made it mandatory that realtors sign an agreement with buyers. These service agreements have always existed, but before this agreement became mandatory, most realtors didn’t use them. Even today, sometimes realtors take buyers home hunting without any agreement in place. It is mandatory, but… [Read More]
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