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...Detached homes drive Calgary sales growth in October
Posted on Nov 02, 2020
Detached homes drive Calgary sales growth in OctoberWith strong gains in the detached sector, October sales in the city reached 1,764 units. This is a 23 per cent increase over last year and well above longer-term averages.
The gain in citywide residential sales outpaced the growth in new listings, supporting tighter market conditions and improving...
CREB®'s Q3 2020 Housing Report released
Posted on Oct 23, 2020
City of Calgary, October 22, 2020 –
Third-quarter activity was far better than original expectations, as sales activity in the city improved by nearly 12 per cent over last year's levels.
Some of the shift in the third quarter reflects activity that likely would have occurred in the second quarter. The housing market also benefited from easing lendin...
Why It’s a Great Time to Purchase an Investment Property
Posted on Oct 02, 2020
Owning a rental property can be one of the best ways to invest in your financial future. If you are looking to get into this market, the most common strategy in property investment is the buy and hold strategy. This strategy is best for people who wish to grow their investments in real estate by using the cash flow from one property to purchase oth...Six Tips to Prepare Your Lawn for Fall
Posted on Oct 02, 2020
It’s that time of the year again here in Alberta. The weather is cooling down, soon enough leaves will start turning red, and fall will be upon us. What should you do to ensure your yard and garden look their best next spring?
1. Don’t Forget to Fertilize
Fall is the best time of the year to apply fertilizer to your lawn. Your grass will be starting...
Home sales rise along with supply
Posted on Oct 02, 2020
City of Calgary, October 1, 2020 –
September sales activity jumped to 1,702 units, the strongest September total since 2014.
New listings in September improved over last month, but levels remained comparable to the previous year. The increase in sales relative to new listings did prevent any monthly gains in inventory levels, but supply in the market...