November Sales Improve The month of November saw a little bump in the number of sales, representing a 15% increase in the number of sales from 2016.  Much of this is likely a result of the announcement of the new mortgage stress test rules coming into effect January 1, 2018.  IF YOU ARE NOT FAMILIAR WITH THESE CHANGES AND ARE THINKING ABOUT A PURCHASE, PLEASE CONTACT OUR OFFICE TO DISCUSS YOUR SITUATION AND POTENTIAL IMPACT ON YOUR PURCHASING POWER. With this in mind, let’s look at some of the important real estate numbers from November 2017: Absorption Rate:   (0-2 months of supply is a seller’s market, 2-3.5 months of supply is

close

November Sales Improve The month of November saw a little bump in the number of sales, representing a 15% increase in the number of sales from 2016.  Much of this is likely a result of the announcement of the new mortgage stress test rules coming into effect January 1, 2018.  IF YOU ARE NOT FAMILIAR WITH THESE CHANGES AND ARE THINKING ABOUT A PURCHASE, PLEASE CONTACT OUR OFFICE TO DISCUSS YOUR SITUATION AND POTENTIAL IMPACT ON YOUR PURCHASING POWER. With this in mind, let’s look at some of the important real estate numbers from November 2017: Absorption Rate:   (0-2 months of supply is a seller’s market, 2-3.5 months of supply is

Read more

Price Remain Stable in 2017 Over the last couple of months, we have seen stability in the Calgary and Area Market.  Prices for 2017 are stable.  In October, there was a little more inventory in the market with a little softening in the total number of sales.  There are some great deals in the market and people are trying to determine how the new mortgage rules may impact their purchase and/or sale over the coming months. With this in mind, let’s look at some of the important real estate numbers from August 2017: Absorption Rate: (0-2 months of supply is a seller’s market, 2-3.5 months of supply is balance, and 4

close

Price Remain Stable in 2017 Over the last couple of months, we have seen stability in the Calgary and Area Market.  Prices for 2017 are stable.  In October, there was a little more inventory in the market with a little softening in the total number of sales.  There are some great deals in the market and people are trying to determine how the new mortgage rules may impact their purchase and/or sale over the coming months. With this in mind, let’s look at some of the important real estate numbers from August 2017: Absorption Rate: (0-2 months of supply is a seller’s market, 2-3.5 months of supply is balance, and 4

Read more

June Continues to Show Signs of Stability The Calgary and Area real estate market continues to show signs of stability.  The single family detached market is doing quite well in the starter and first move up market segments.  The apartment sector is still showing signs of over supply with new projects continuing to come to completion. With this in mind, let’s look at some of the important real estate numbers from June 2017: Absorption Rate: (0-2 months of supply is a seller’s market, 2-3.5 months of supply is balance, and 4 or over becomes a buyer’s market) City of Calgary – There is 3.11 months of supply. Single Family Detached –

close

June Continues to Show Signs of Stability The Calgary and Area real estate market continues to show signs of stability.  The single family detached market is doing quite well in the starter and first move up market segments.  The apartment sector is still showing signs of over supply with new projects continuing to come to completion. With this in mind, let’s look at some of the important real estate numbers from June 2017: Absorption Rate: (0-2 months of supply is a seller’s market, 2-3.5 months of supply is balance, and 4 or over becomes a buyer’s market) City of Calgary – There is 3.11 months of supply. Single Family Detached –

Read more