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FIRST-TIME HOME BUYER INCENTIVE

FIRST-TIME HOME BUYER INCENTIVE

A major item from this week’s federal budget is the first-time home buyer incentive. Under the plan, the government will advance up to 10 per cent of the purchase price of a home so first-time buyers can take out a smaller mortgage and keep monthly payments lower. Here are the five main things you need […]

Staging Your Home in a Hurry

Staging Your Home in a Hurry

Ideally you should have a week or two available before you list your property in order to stage your home and make it look its best for buyers. But, what if you listed quickly and within hours of the For Sale sign going up a buyer wants to view your property? In that scenario, you […]

March – Fraud Prevention Month

March – Fraud Prevention Month

March 1st marks Fraud Prevention Month across Canada. The Real Estate Council of Alberta (RECA) is taking action to raise awareness about common fraud scenarios in the real estate and mortgage sectors. “During Alberta’s economic downturn we’ve seen an increase in certain types of fraud schemes and misleading behaviour,” said Bob Myroniuk, RECA Executive Director. […]

Feb 2019 CREB Stats

Feb 2019 CREB Stats

Housing market feels the chill as oversupply continues 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 persisted into February,” said CREB® chief economist […]

Okotoks: Small-Town Charm

Okotoks: Small-Town Charm

If you have ever thought to yourself, I don’t want to live in this big of a city, but can not live without all the amenities – Okotoks could be for you! Despite market setbacks and price drops in nearby Calgary, the Okotoks housing market managed to emerge relatively unscathed from 2018. Okotoks is a […]

New Condo Property Regulations Take Effect July 1, 2019

New Condo Property Regulations Take Effect July 1, 2019

Any condo owner who has tried to sell their home, will tell you how expensive condo documents can be. As part of the purchase contract, the seller is required to provide a number of condominium documents to the buyer (or the buyer has the option to obtain the docs themselves). This is items like financial […]

Jan 2019 CREB Stats

Jan 2019 CREB Stats

New Year Kicks Off With Slow Sales 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 not come as a surprise, as concerns […]

2019 CREB Forecast

2019 CREB Forecast

January 30, 2019 – Today I attended the annual CREB Forecast, where we learn how our chief economist feels the next year will look like. Things to take away from today? Some people feel this year will be the same as last, with continued uncertainty regarding jobs, oil, government and pay cuts. Some, those of […]

Vigilance Urged When Considering Alternative Financing

Vigilance Urged When Considering Alternative Financing

The Real Estate Council of Alberta urges consumers considering alternative financing options to be vigilant when it comes to seller financing. While “traditional” lending may not always be an option when purchasing a home, there are things to be aware of if you go looking for financing outside of typical lenders. Incidents of fraud or […]

Dec 2018 CREB Stats

Dec 2018 CREB Stats

Job market weakness and lending restrictions a common thread in 2018’s housing market 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 in the lending market impacted sales activity […]