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Nov 2018 CREB Stats

Nov 2018 CREB Stats

Challenging economic conditions continue to impact the resale market 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 averages. “Recent challenges in the energy sector have […]

Oct 2018 CREB Stats

Oct 2018 CREB Stats

Oversupplied Market Weighs on Prices Elevated inventory levels compared to sales, are causing prices to ease further in Calgary’s housing market. Citywide benchmark prices totaled $426,300 in October, trending down for the fifth consecutive month and resulting in a year-over-year decline of 2.9 per cent. Inventories and sales totaled 7,345 and 1,322 in October. This […]

Sept 2018 CREB Stats

Sept 2018 CREB Stats

Buyer’s market – is that a good thing? Well, that depends on your current situation. Are you a first-time home buyer? Do you have enough of a down payment? Are you selling as well? Are you willing to sell lower to buy lower? With no change in the economic climate, Calgary’s sales activity totaled 1,272 […]

How Millennials’ Lives Changed – Recession 2008

How Millennials’ Lives Changed – Recession 2008

I came across a great read that I couldn’t help but sharing – I wonder if you find it as interesting as I do. Courtesy of BuzzFeed News: A decade has passed since the bottom fell out of the economy in 2008. The resulting crisis — a period of staggering unemployment that peaked at 10%, […]

Aug 2018 CREB Stats

Aug 2018 CREB Stats

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 months by 0.8 per cent and are […]

Mid-Year Market Update

Mid-Year Market Update

“Stricter lending conditions, a rise in interest rates, persistently high unemployment and slow economic recovery have weighed on housing demand so far this year. Home sales have eased more than anticipated so far in 2018, as economic conditions did not improve enough to offset changes in the lending market. Inventories rose and the oversupply resulted […]

Coming Soon! 61 Copperstone Terrace SE, Calgary

Coming Soon! 61 Copperstone Terrace SE, Calgary

Charming Family home in Copperfield! This charming detached home in Copperfield has an open floor plan with tile flooring and granite countertops. Beautifully landscaped, the front yard has flowers and shrubs that welcome you onto the full length front porch, while the back tiered deck takes you to the triple detached garage! MLS #C4201320 Price: $390,000 […]

Possession Day

Possession Day

What to Expect on Possession Day Typically, possession occurs – and you’ll get the keys – around noon on possession day. If you included a pre-possession inspection as a term in your Offer to Purchase, your real estate professional will arrange that through the seller’s representative. It may take place the day before possession or […]

Preparing for Possession

Preparing for Possession

Preparing for Possession You will need to find and meet with a real estate lawyer. Your lawyer will go over the legal documents with you, including the RPR and the title. They will also highlight any possible restrictions or caveats registered against the property, discuss closing costs and disbursements, and have you sign the documents […]

Waiving Conditions

Waiving Conditions

Satisfying and Waiving Conditions If your accepted offer was conditional, you need to try to satisfy your conditions. Financing: If you included a financing condition, you need to confirm your financing before waiving this condition. Before you waive your financing condition, your lender (or mortgage broker, if you’re working with one), will need documents related […]