Supply gain in apartment sector threatens to impact price Click here to view the full monthly stats package. Declines in residential housing sales activity eased in July, creating, when combined with stable inventory levels, no change to the month-over-month price. Year-over-year sales fell by 14 per cent to 1,995 units in July, compared to a 17.8 per cent decrease the previous month. Desp ...

One of the best parts about moving to a new city is spending time exploring popular local attractions.  Here is a list of just a handful of places to visit and things to do in Calgary.  Whether you are new to the city or you just want to fall in love with Calgary all over again, you will find something fun on this list!  Heritage Park Historical Village The Calgary Zoo Calgary Tower Tel ...

Floods, hail, wind, ice, and snow are all part of living in Calgary (sometimes in the span of a single day!).  Damage caused by extreme weather or a natural disaster is a homeowner’s worst nightmare.  Imagine if it happened while trying to sell your home.  It can definitely make the process more complicated.  If you are working with a Realtor, then you already have a great deal of support ...

Continued weakness in housing demand will limit downward pressure on supply levels and cause prices to ease in the second half of the year, CREB® said in its 2015 mid-year forecast. Despite this anticipated retraction, Calgary’s benchmark prices are only expected to decline by less than one per cent on an annual basis.  “Further job losses are expected in the second half of the year,” said C ...

    Canada Mortgage and Housing Corp. announced changes Monday that will make it easier for homeowners to rent out their residences and qualify for a loan.   The Crown corporation, which controls a majority of the mortgage default insurance market, says that starting Sept. 28 homeowners will able to count all the income from rental units when qualifying for a loan.   “Secondary rental ...

Calgary inventory levels ease Click here to view the full monthly stats package.  Despite the 18 per cent year-over-year decline in June home sales, for a total of 2,183 units, transaction levels remain only five per cent below the 10 year average for June and three per cent above levels over the past five years. “We’ve seen less concern from consumers lately,” said CREB® president Corinne ...

Alberta is known around the world as being the Canadian hub of the oil and gas industry and the host province of the Greatest Outdoor Show on Earth, Calgary Stampede.  Did you know that it is also home to a thriving television and film industry?  Thanks to a plethora of talent and some of the world’s most beautiful scenery, Calgary and Alberta have been the backdrop to several Hollywood block ...

A successful house hunt starts with good planning.  When travelling to a new city specifically to find a home or when you are short on time, you have to be prepared to visit quite a few properties.  We have put together our top tips for surviving house hunting.  Get pre-approved for a mortgage.  Make sure you know exactly what you can afford.   Do your research. Before visiting the ...

It is the situation that most Buyers dread: the house you want has received multiple offers.  Many people assume that this will only lead to overpaying by the successful bidder and disappointment for everyone else.  In reality, situations with multiple offers can be mutually beneficial for the Buyer and the Seller! Homes are sometimes listed below their market value so when multiple offers o ...

Why a home inspection should be on every Buyer’s to-do list Every house has a story to tell and prospective home owners need to know how to read between the lines.  A reputable Realtor will disclose anything major that could affect the value of a home but sometimes houses have secrets and it is important to dig a little deeper to get the whole story.  Home buyers can start to piece the stor ...