Amidst economic challenges, housing market ends 2020 on a high note
Posted on Jan 07, 2021
City of Calgary, January 4, 2021 –With December sales of 1,199, this is the highest December total since 2007.
"Housing demand over the second-half of 2020 was far stronger than anticipated and nearly offset the initial impact caused by the shutdowns in spring. Even with the further restrictions imposed in December, it did not have the same negative...
The Canadian and Alberta governments have begun their plans to protect the economy and those impacted by COVID-19
Posted on Dec 01, 2020
The Canadian and Alberta governments have begun their plans to protect the economy and those impacted by COVID-19. Both governments are currently working on the initiatives below as well as many others. Here are a few that may be helpful to you or someone you know during this time.
Federal Government Financial Support Questions (Federal):
The federal...
Zoom Calls with SANTA! Book NOW!
Posted on Dec 01, 2020
Just because we can’t see Santa in person this year does not mean we still can’t visit with him virtually! This year CIR REALTY is hosting Zoom Calls with Santa for that very reason.
How it Works:
You will be asked a series of questions on the registration form that will give Santa the information he needs to chat with your children over the call (fo...
Sales activity remains strong in November
Posted on Dec 01, 2020
For the sixth month in a row, sales in the Calgary market recorded a year-over-year gain.
Sales growth over the past several months has been the strongest seen in the past five years, but the activity has not been strong enough to offset the pullbacks from the spring. Year-to-date sales remain over three per cent lower than last year's levels.
New li...
What Are "Off-Market" Properties?
Posted on Nov 03, 2020
Off-Market listings are properties that are for sale but aren’t listed on multiple listing services. Some sellers desire an off-market listing to test the waters, maintain privacy or create a sense of exclusivity that could result in a higher selling price.For buyers, off-market listings provide access to additional inventory and the opportunity to...
No Change to Prime Interest Rate in Canada
Posted on Nov 03, 2020
At the end of October, the Bank of Canada announced that it would be leaving the overnight rate unchanged, which means that the Prime rate will remain at 2.45 per cent. They suggested that this low rate environment will continue through until 2023, with the pandemic and resulting low inflation and GDP, as well as low oil prices being a key driver o...