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November Preferred Client Update

November 4th, 2019
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Huge Federal Reserve Study of Americans Proves Homeowners have a 36% Higher Net Worth than Renters

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups.

The study revealed that in 2018, the median net worth of a homeowner was $194,000. At the same time, the median net worth of renters wa ...

Homes under $500,000 moving to more balanced conditions (CREB report)

November 4th, 2019

Sales activity in October improved by nearly 10 per cent compared to last year, driven mostly by improvements for apartment and attached product.

New listings also eased, which helped reduce inventory levels and the oversupply in the market. Despite the move to more balanced conditions, the market remains oversupplied and prices continue to remain below last year's levels.

"Employment has ...

October Preferred Client Update

October 2nd, 2019
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Using a Realtor When Buying a New Build Home

Buying a new build can be a lot more complicated than purchasing a resale. You’ll benefit from working with a local expert who knows the project’s neighbourhood, target audience, materials used and sales data. Here are the reason you want to use a realtor, even when buying from a builder:

A REALTOR® can negotiate on your behalf
Sure, you can si ...

Shifting to stability (CREB Report)

October 1st, 2019

For the third consecutive month, sales activity improved over last year’s figures, and year-over-year new listings and inventories eased. This trend will help support more stability in the housing market.

“Price declines have likely brought some buyers back into the market,” said CREB® chief economist Ann-Marie Lurie, noting improvements in the market continue to be driven by homes priced be ...

Fall home maintenance tips

September 25th, 2019
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September Preferred Client Update

September 4th, 2019
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Using a REALTOR® Leads to a Much Higher Sales Price than Selling a Home Yourself

According to a research report done by the National Association of Realtors. For Sale by Owner [FSBO] properties typically sell for much less than the selling price of other homes. Last year, across the United States, the average FSBO home sold at a median of $200,000,
which is significantly lower than the medi ...

Sales improving and inventory declines for fourth month in a row (CREB Report)

August 2nd, 2019

For the fourth consecutive month, inventories in the market declined compared to last year. This is due to the combination of improving sales and a decline in new listings.

The market continues to favour the buyer, but a continuation in supply reduction compared to sales is needed to support more balanced conditions.

“We are starting to see reductions in supply across the resale, rental and ...

August Preferred Client Update

August 2nd, 2019




 

The Value of a REALTOR®

Choosing to hire a Realtor is choosing to hire a professional with specialized expertise, and who is legally bound to work in your best interest to guide you through a process that the average Canadian only undertakes a handful of times throughout their adult life.

Realtors provide valuable insight on the state of the current real estate market, which is in a cons ...

CREB mid-year market update

July 22nd, 2019

Modest supply reductions may signal shift to balanced housing market by end of year

City of Calgary, July 22, 2019 – A struggling energy sector continues to weigh on the overall economy. Unemployment levels remain elevated and income growth remains weak.

However, Calgary continues to benefit from stable population growth fuelled by international migration and natural increases.

“With curre ...

July Preferred Client Update

July 3rd, 2019
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The New Federal First-Time Home Buyer Incentive

The First-Time Home Buyer Incentive helps qualified first-time home buyers reduce their monthly mortgage carrying costs without adding to their financial burdens.

The buyer needs you to have the minimum down payment to be eligible, and then they can apply for a five per cent or ten per cent shared equity mortgage with the Government of Cana ...
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