Tax Credits for Homeowners Owning a home costs money, but there are tax credits and rebates specifically for Canadian homeowners. Here are a few to get you started:New Home PerkIf you just bought a house and you haven’t owned a home in the four previous years, you can get the Home Buyers’ Tax Credit. Enter the amount of $5,000 on line 369 of your tax form and you’ll get a 15% credit. Red ...

City of Calgary, March 1, 2019 – 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 Ann-Marie Lurie. “There has been no substantial change in the ...

  Who’s Responsible for Post-Home Inspection Repairs? A home inspection is a normal and recommended condition that all buyers should include as part of their purchase contract negotiations. But what issues should you ask the seller to fix or pay for in order to make the deal go through?If you’re not buying a new build, some wear and tear should be expected. Don’t get caught up making a list ...

The challenging economic climate in Calgary is expected to persist into 2019. Easing global oil prices, concerns regarding market access and easing investment activity are weighing on the energy sector and are expected to slow growth prospects in the province this year. "Slowing growth, weak job prospects and lack of confidence are all factors that are contributing to the expected easing in ...

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 in the resale market this year,” said CREB® chief economist Ann-Marie Lurie. “This contributed to elevated supply in the resale mark ...

Looking to Pay Your Mortgage Off Faster? If you are looking to pay down your mortgage faster, here are three options to help you achieve your goal:1) Choose an ‘accelerated’ option for your mortgage paymentsAn accelerated payment option lets you make weekly or biweekly payments while putting about the same amount of money toward your mortgage as a monthly payment. Accelerated payments can ...

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 weighed on consumer confidence over the past month. Combined with weakness in the employment market and further gains ...

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. “Job growth in this city remains a concern, as unemployment levels remain well above levels expected for this year. Rising ...

CIR is Proud to Partner with Toy Angels and the Salvation Army this Christmas For the past 17 years Lite 95.9 has worked with the Salvation Army to build Toy Angels, a charity which collects and distributes toys to the less-fortunate families in Calgary during the Christmas season. Due to this unprecedented partnership and ongoing efforts, Toy Angels has become the largest toy drive in ...