Blog Archives

With little change in the city’s economic climate and a continued shaky level of consumer confidence, the real estate market continues to see weak sales activity and elevated levels of inventory for the month end February 2019. Benchmark prices, inclusive of all inventory types, were five per cent below last year, 10 per cent below […]

“Has the market hit the bottom yet, or should I wait to buy a home?” This is a question that I field from potential home buyers on a regular basis. I understand the question completely. Nobody wants to overpay for anything. Everybody wants to maximize their spending dollars. And everybody wants to gain equity in […]

Purchasing a home is a big decision and it is one of the largest purchases that people will ever make in their lives. With this in mind, one wants to be sure that they are getting the best bang for their buck. Often, people talk about their homes as an investment, but is one’s primary […]

The end of the year for the Calgary Real Estate market followed the theme from the rest of the year as Calgary was dogged by higher than average unemployment, strict mortgage lending criteria, increasing interest rates and an oil challenged economy. All of this contributed to an elevated supply in the resale market and price […]

A conversation that often goes un-discussed between real estate professionals and their clients is the negotiation. Everybody wants to know how the Realtor will market their home for sale in order to attract a sale and what the commissions will be to sell their home, but the topic of negotiation will most often go overlooked. […]

This report is becoming a broken record of sorts. Market conditions in Calgary continue to be challenged due to higher than normal unemployment rates, higher lending rates, and continued challenges in the oil patch which so greatly affects many facets within our city. According to the latest stats from the Calgary Real Estate Board, there […]

You want to list your home for sale. The market is challenging. Interest rates are rising, there is higher than normal unemployment in the city and the lending rules are very strict, reducing your pool of potential buyers. Let’s not forget all of the competition with the many other listings on the market and the […]

City wide selling prices of homes continue to ease with a continuation of elevated inventory levels. For the fifth consecutive month citywide benchmark prices trended downward and now total $426,300. This is a year over year decline of 2.9 per cent. What’s to blame for this downward trend? Take your pick! Elevated unemployment levels, poor […]

Calgary continues to be a buyer’s market with no end in sight for the foreseeable future. Unemployment levels were up again in September to over eight per cent. This is coupled with the challenges for buyers with the new lending rules and an oversupply of homes on the market.   September sales activity totaled 1,272 […]