Calgary Real Estate Blog 
Pitfalls of Buying a Foreclosure Property in Calgary!
Why is that you just don’t see the same deals among foreclosure properties as on TV?
Well, for starters it’s because it’s TV and because the foreclosure examples that you’re seeing as huge opportunities are usually based in the US.
The Real Estate Act in Alberta is 100% different than south of the border and the system is designed to prevent anyone of making a substantial profit at the cost of someone else.
Phase number one of the foreclosure process is called the “Preforeclosure” or the redemption period which could last around 6 months. During this time, the Court of Queen’s Bench provides the homeowner a chance to make up their arrears and bring their bills into balance. If they are able to this, they can keep their house.
If the homeowner is still in…
Calgary Real Estate Market is on the Rise!
Calgary, May 1, 2012 – For the month of April 2012, year-over-year sales activity improved across all sectors in Calgary. Calgary residential sales total 2,200 for the month, a 26 per cent increase over levels recorded last year.
“The growth in full-time employment, combined with improving migration levels, is translating into improved demand for housing,” says Ann-Marie Lurie, CREB® chief economist. “While sales growth does seem exceptionally strong, it is important to keep in perspective that the sales activity in Calgary is returning to levels more consistent with the long-term average.”
The single-family market continues to tighten, with months of supply dropping below three months (moving towards a sellers market). Sales growth continues to outpace…
Congratulations to the winner of the iPad2 Draw!
It's official, we have drawn the lucky winner of the iPad2 Giveaway today!
We have finally completed our long anticipated iPad draw on Monday. Congratulations to Fareez Lalji who is the winner of our “Brand Spanking New iPad” giveaway!
Variable Interest Rates to Remain Low! - Bank of Canada holds key rate at 1%
The Bank of Canada holds their key lending rate at 1% for the twelfth consecutive meeting. Banks therefore are expected to keep their prime rates at 3%. This was no surprise but there was some indications that future increases will happen sooner than later if things continue to improve in the economy.
Here is the rational, Global economic growth has improved since the bank's last monetary report and Europe is expected to emerge slowly from recession in the second half of 2012. Although there are still some significant risks in Europe (ie Spain) the overall outlook remains high.
The US is showing some signs of life again based on somewhat improved labour markets and increased consumer confidence. Emerging markets like India and China are still robust but…
Secret Signs of Where Calgary's Real Estate Market is Heading!
Learn how to predict the market and avoid making another mistake that could cost you tens of thousands!
It looks like Calgary’s real estate market is heating up again! And it’s time to learn from the past.
By tracking this graph below, and looking at the spread between the amount of sales and the number of listings on the market we can draw a very predictable outcome for our real estate market.
(click on image to enlarge)
Because prices only increase if there is a shortage of inventory, therefore it makes sense to keep an eye on the inventory levels and sales activity going up.
In this graph, when the sales line is going up and the inventory levels are dropping, it means an improving market and there is a good chance of things moving towards a…
Single Family Listings Continue to Fuel Calgary's Real Estate Market
Calgary, April 2, 2012 – City of Calgary residential sales continued to rise in March 2012, reaching 2,167 units, an increase of 12.6 per cent over last March.
“The rise in activity is related to the continued improvement of our economy and consumer confidence, as some concerns regarding the global economy have eased,” says Ann-Marie Lurie, CREB® chief economist.
After the first quarter of 2012, sales are up by 7.3 per cent over the same time last year. While the increase is significant, when compared to historic activity, residential sales continue to remain below the long-term trend. Monthly new listings remain slightly lower than last year, whereas year-to-date figures show 7.2 per cent fewer listings have come onto the market in the first quarter of…
Lake Chaparral - 76 Chapala Sq. S.E.
$599,900
A DREAM KITCHEN that you must see to believe - custom designed and crafted by Legacy Kitchens, cafe mocha color, CHERRY WOOD built to the ceiling, complimented by a one piece GRANITE COUNTERTOP and gleaming 20x20 white ceramic tiles. Walkthrough pantry & laundry comes with built in cabinets. Upstairs boasts a HUGE BONUS ROOM with gas fireplace and WATERFALL above it. Extra LARGE MASTER SUITE i
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in…
Sales activity on the rise throughout the Calgary Real Estate Market
Calgary, March 1, 2012 – Sales activity improved across all residential sectors this month compared to a year ago, according to CREB® data released today. Calgary and area sales growth pushed February total residential activity up by 11.6 per cent compared February 2011, mainly due to increased activity in the surrounding towns.
“City sales were boosted by a lot of activity in the last week of the month,” says Bob Jablonski, CREB® president. “This points towards the improvements that we expect to see in our spring market activity.”
Single family sales and condominium townhouse sales were the bright lights in the city of Calgary, while condo apartments continue to lag in volume of sales. There were 1,284 single-family homes sold in February 2012, a…
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All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
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Last updated on: 2012-05-17 00:22:34
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- I just want to thank you for helping me finding my first home. Also thanks for the support and care during my moving.
- Katalin Kovacs
