February 2012 
There are 7 blog entries for February 2012.
It Will Be Tougher To Get a Mortgage in The Future
The federal government will make it tougher for many homebuyers to get mortgages this year as it grapples with an overheated property market, according to analysts in a Reuters poll, who also ruled out the prospect that prices could suddenly crash.
Ten of 14 economists and strategists surveyed last week in Reuters' first poll on the Canadian housing sector answered "yes" when asked if they thought Ottawa would tighten mortgage rules within the next 12 months.
They expect home prices to climb just 0.1% in the year to December 2012, and the same in 2013. That is down from a 0.9% year-on-year increase in December 2011.
If Finance Minister Jim Flaherty tightens requirements for government-backed insured mortgages, it would be his fourth intervention in the…
Bank report reveals hottest investor markets
A new report on varying provincial fortunes hints at where to make that next real estate investment. Psst, there's oil there.
“Strength in the energy sector has rekindled in-migration and helped firm up the labour market,” writes economist Robert Kavcic, touching on Alberta in the new edition of the BMO Blue Book “With the recent growth spurt, measures of cost pressure and capacity constraints are picking up, but remain far from the extremes of the last boom.”
Read Full Article Here...
iPad2 Giveaway Announcement
This
past few weeks, I spent some time focusing on the best way to
appreciate all my past clients and supporters for their efforts.
I
wanted to take a different approach than most of my peers might have
done with the same question. Every day I strive on making sure that I
deliver real value to my clients, infact I based my entire business philosophy on that concept. Therefore...
I’m giving away a brand new iPad2 just for “Liking” us!
You are only two mouse clicks away from entering, so go and click this link to go to my Facebook page now!
Double or triple your chances of winning:
- “Like” or “Share” any of our current listings featured on our Facebook Wall after registering and...
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New Condo Just Listed in Lake Bonavista
$263,900
Conveniently located in the Gateway Southcentre building with easy access to LRT, parks, and shopping. This stylish, beautifully maintained main floor unit faces the interior courtyard and has a private patio, perfect for BBQ's. Bright white kitchen has granite countertops, stainless appliances and eating counter for casual meals. Den is great for a quiet home office. French doors to second bedroom for open plan feeling. Spacious master bedroom with walk-through closet to ensuite equipped with his and her sinks. Unit includes in-suite laundry and a 2nd full size bathroom. This concrete building includes titled underground parking, private storage space, a state-of-the-art fitness centre, party rooms and guest suites. Condo fees cover…
Important Changes for Buyers in Calgary
When an offer gets accepted by a seller, usually the buyer still need to get their financing approved and complete a home inspection. Until most recently, the sellers used to take their homes off the market, and change its status to “Pending” or conditionally sold.
As per the new rule change made by CREB, now a seller can instruct their Realtor not to remove the property from the market and keep its status as an “Active” listing. Seems to be fair to the sellers as they are not losing any marketing time incase the buyer fails to firm up the deal. But what about the rest of the buyers who are very committed to finding a new home?
Edmontonians have already adopted this system many years ago, and apparently it’s working great for them.
What do you think? Do…
2012 - Calgary Real Estate Board Market Prediction
CREB releases their market prediction in every January. If you are in the market to buy or sell your property in 2012, this report just may be the most important research document for you to base your decision on.
2011 had certainly showed some improvements to the market by single-family home sales increasing 9.06 per cent. However, if compared to the ten year average, it is still lagging about 17 per cent from where our transaction volumes should be at.
There is definitely more optimism on the streets of Calgary, especially when oil is over $100 a barrel and many oil companies are once again finding it a challenge to fill professional positions to keep up with demand.
Housing prices have been very stable in Calgary for the past several years and we are…
Calgary's Housing Market Pointing Towards Price Stability
Calgary, February 1, 2012 – Home sales in the City of Calgary are off to a slow start as buyers show continuing caution, according to figures released today by CREB®.
“Overall, the market is behaving as expected for the winter season,” says Bob Jablonski, president of CREB®.
The year-over-year volume of residential sales in the City of Calgary dropped, but the inventory of available homes declined even faster in January 2012.
The City of Calgary residential market recorded 1,078 sales in January, nearly one per cent below the same month in 2011. This is in part related to the drop in new listings, which declined by 8 per cent over January 2011, causing inventory levels to continue to contract over 2011. A lower number of sales is not uncommon for the…
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The Terms of Use Agreement shall not impose a financial obligation on the Registrant or create any representation agreement between the Registrant and the Participant.
All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Disclaimer: Information herein deemed reliable but not guaranteed by the CREB and EREB.
Last updated on: 2012-05-17 00:22:34
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