Many Canadian energy-related municipalities within Alberta and Saskatchewan have seen housing markets struggle over the past few years, resulting in price declines. The recent mortgage rule changes and higher lending rates are factors weighing on demand and prices across some of those areas. "While our economy is no longer in a recession, persistently high unemployment rates, concerns over ...

City of Calgary, June 1, 2018  May sales activity continues to ease with the largest declines occurring in the detached sector. Additional gains in new listings continue to increase inventory levels.  City-wide sales activity in May totaled 1,726 units and is 19 per cent below last years' levels. This is 24 per cent below longer term averages. Sales activity in the detached sector declined ...

 Thinking of Buying? Tips for Safeguarding Your Credit Check Your Credit Report–You can contact Equifax and request a copy of your Credit Report by calling 1-800-465-7166 or by visiting equifax.ca. It is your responsibility to ensure that your Credit Report is accurate. Stay Informed–Carefully read all credit contracts that you sign, as they are not all created equally. For example, som ...

Professional photographs, expertly staged interiors, and immaculate landscaping have become the norm in residential real estate and for good reason!  Homes that show well typically sell faster and for more money than those that have not been prepped as thoroughly.  Many Buyers expect to see homes at their best and can be put off by properties that are in disarray.  It can be difficult to see ...

Prices steady, but struggles in Alberta economy weighs on housingCity of Calgary, May 1, 2018 – Changes to the lending industry and a challenging economic recovery are weighing on sales activity in Calgary's housing market. Supply levels have not adjusted to the weaker demand environment, and that is preventing price recovery. "Slower sales do not come as a surprise, given the economy has ...

Secondary Suites No Longer Calgary City Council’s Problem as Administration Takes Over Process Calgary has rolled out a new system that makes it easier for homeowners to apply for secondary suites.  Previously, applications to change the land use designation of a property where an owner wished to create a secondary suite would come before Council for approval. Going forward, property owners ...

Did you sell your home in 2017?  You will need to report that information on your tax return.   Here is what you need to know. What is a principal residence? A principal residence is a residential property that you owned and occupied at any point during the year.  This can be your main residence, a cottage, or a mobile home. What are capital gains? Capital gains are the profits you receiv ...

Housing Market Inventory on the Rise Prices remain stable compared to last year City of Calgary, April 2, 2018 – As expected, slow sales this quarter have persisted through March in the City of Calgary. This is not a surprise, after stronger growth in sales at the end of last year following the announced changes to the lending market. First quarter sales totaled 3,423 units, nearly 18 per ...