Calgary Real Estate Resource Blog

Calgary Housing Market Shows Signs of Balance, not Bubble

2010-03-05T07:16:00Z

Calgary, March 1, 2010 – Calgary’s housing market continues to build stability and momentum in the second month of the year, according to figures released today by the Calgary Real Estate Board (CREB ® ). The number of single family homes sold in February 2010 in the city of Calgary was up 25 per cent from the same time a year ago, while condominium sales saw an increase of 56 per cent from the same time a year ago. February 2010 saw 1,035 single family homes sold in the city of Calgary....(read more)

Bungalow For Sale in Tuxedo

2010-03-03T18:54:00Z

Great lot for builders

• 592 sq. ft., 1 bath, 2 bdrm bungalow - MLS® $269,900 CAD - Very affordable

Tuxedo, Calgary - A property in Tuxedo doesn't come more affordable than this!!! Great opportunity as a Handyman special holding property, or infill for builder's, as many other residents of the area have done. Built in 1911 this house is mostly in original condition, and has a good base to start a renovation or a great lot to build an infill. Would also make a great holding property for investors. Excellent location, close to schools and shopping and within walking distance to downtown.

Property information

Calgary Home Buyers to Face Harsher Mortgage Rules April 19, 2010

2010-02-24T23:27:00Z

On February 16, Finance Minister Jim Flaherty announced new mortgage rules intended to help ensure homebuyers can handle their debt load when interest rates rise, as well as to slow down real estate speculation. "There's no clear evidence of a housing bubble, but we're taking proactive, prudent and cautious steps today to help prevent one. Our government is acting to help prevent Canadian households from getting overextended, and acting to help prevent some lenders from facilitating...(read more)

2 Story For Sale in Gleneagles

2010-02-06T00:24:00Z

• 1,670 sq. ft., 3 bath, 3 bdrm 2 story - MLS® $415,000 CAD - Excellent Value

Gleneagles, Cochrane - Exceptional custom two storey home in prestigious Glen Eagles. This quality Beattie home features breathtaking mountain views, upgraded pine package throughout, 3 bedrooms with the master boasting a luxurious en-suite and walk in closet, second bedroom also has a walk in closet. Laundry is conveniently located on the second floor close to the bedrooms. The main floor is warm and inviting with open beam ceilings in the great room and a floor to ceiling stone fireplace. The gourmet kitchen has a breakfast bar, granite counter tops, large island and gas range, with a generous dining area conveniently situated close by with access to a large deck. The garage is insulated and dry walled and measures 22 x 22 with an 18ft x 7ft door. This great home is situated on a large fully landscaped lot with a warm southern exposure and generous back yard. If golfing is your passion the Links of GlenEagles Golf Course is only a couple minutes away.

Property information

Price Reduced on 6 Glenvista Place in Gleneagles

2010-02-06T00:24:00Z

Gleneagles, Cochrane - Announcing a price reduction on 6 Glenvista Place, a 1,670 sq. ft., 3 bath, 3 bdrm 2 story. Now MLS® $404,900 CAD - Excellent Value.

Property information

CAST YOUR VOTE IN AVENUE MAGAZINE’S CALGARY’S BEST NEIGHBOURHOOD SURVEY

2010-02-03T00:22:00Z

Have your say in Avenue Magazine’s Best Neighbourhood Survey. Tell them what factors make your neighbourhood fabulous....amenities, price, curb appeal, low crime rate and intangibles such as friendliness of the neighbourhood. Fill out the survey at avenuecalgary.com/survey and you could win one of a pair of Bulova watches, valued at more than $500. If you are looking for neighbourhood real estate information check out my Neighbourhood Profiles . I cast my vote. Feel free to leave your comments...(read more)

TRUSTWORTHINESS MOST VALUED ATTRIBUTE OF REALTOR

2010-02-03T00:19:00Z

In the Canadian Real Estate Association’s 2009 Report on the Consumer, respondents were asked what attributes they considered important in a REALTOR® whom they would hire to sell their home. Over half (58.6 per cent) of all respondents said “trustworthiness and honesty” was the primary attribute. “A solid, overall knowledge of the housing market” was a distant second, listed by 20.8 per cent of the respondents....(read more)

Affordability Drives Calgary’s Housing Market

2010-02-02T23:26:00Z

With rising interest rates on the horizon buyers will see 2010 as the year to take advantage of low mortgage rates Calgary,February 1, 2010 –Affordability continues to drive a recovery in Calgary’s housing market according to figures released today by the Calgary Real Estate Board (CREB ® ). The number of single family homes sold in January 2010 in the city of Calgary was up 39 per cent from the same time a year ago, while condominiums sales saw an increase of 67 per cent from the...(read more)

DirtJunkSnow.ca

2010-02-02T22:02:00Z

I was surfing the internet for a contractor and came across this great site operated out of Saskatoon. Although the site is ran out of Saskatoon they service the Calgary area very effectively. DirtJunkSnow.ca is a unique website that is dedicated to helping consumers connect with contractors for landscaping, junk removal and snow removal. Created by a contractor in Saskatoon, SK, it helps people save time and money by having their job information submitted to contractors in their local area, who...(read more)

CALGARY HOUSING MARKET SEES MODEST GAINS

2010-01-13T23:25:00Z

–House prices forecast to further improve in 2010- Royal LePage Canada just released a market forcast for Calgary and other major Canadian Cities. Calgary, January 7, 2010 – Calgary’s house prices are seeing modest gains and are expected to further improve through 2010, according to the Royal LePage Market Survey Forecast and House Price Survey. With an increase of 2.3 per cent, Calgary’s standard two-storey homes saw the largest year-over-year gains in the fourth quarter...(read more)

Calgary Housing Recovery Continues with Active December Market

2010-01-07T22:34:00Z

Message from the Calgary Real Estate baord indicates a Year-over-year sales increase for seventh consecutive month Calgary, January 5, 2010 - The Calgary housing market continues to show signs of a sustained recovery according to figures released today by the Calgary Real Estate Board (CREB ® ). The number of single family homes sold in December 2009 in the city of Calgary was up 78 per cent from the same time a year ago, while condominiums sales saw an increase of 66 per cent from the same time...(read more)

Weekly Mortgage Rate Update November 30, 2009

2009-12-02T22:10:00Z

Calgary mortgage rates update for the week of October 12, 2009 provided by Heather Skaper of Invis Calgary. Feel free to email Heather for mortgage information specific to your needs. *Currently, Prime rate may vary according to lender. Be sure to check with your Invis mortgage professional for full variable-rate mortgage pricing details. Terms Posted Rates Our Rates 6 MONTHS 4.60% 3.85% 1 YEAR 3.65% 2.35% 2 YEARS 3.95% 2.95% 3 YEARS 4.50% 3.45% 4 YEARS 5.19% 3.99% 5 YEARS 5.59% 4.09% 7 YEARS 6.60%...(read more)

Good debt” versus “bad debt

2009-12-02T22:07:00Z

Not all debt is created equal… the difference lies in how it helps – or hurts – your pursuit of your financial goals. Some debt can be seen as an investment in one’s future: • Borrowing money to maximize your RRSP contributions. • Loans with tax-deductible interest to earn investment income. • Borrowing to acquire an asset that may increase in value, such as your home or a rental property. • Student loans that enable you to get an education leading to...(read more)

Calgary’s Housing Recovery Has Staying Power

2009-12-02T21:56:00Z

Low borrowing costs continue to fuel market recovery : Calgary Real Estate Baord Calgary, December 1, 2009 – The Calgary housing market is showing signs of a sustained recovery according to figures released today by the Calgary Real Estate Board (CREB ® ). The number of single family homes sold in November 2009 in the city of Calgary were up 63 per cent from the same time a year ago, while condominium sales saw an even steeper increase—up 77 per cent from the same time a year ago....(read more)

Calgary real estate fees could be slashed

2009-11-03T01:00:00Z

After reading this article by the Toronto Star please let us know your thoughts. Are Calgary Realtors charging too much for commissions? My opinion is you get what you pay for!! What's your opinion? Canadians in the housing market will pay less in realty commissions and fees if the federal Competition Bureau has its way. In a landmark investigation, the bureau has concluded the Canadian Real Estate Association has anti-competitive rules and must change its ways, according to documents obtained...(read more)