New year kicks off with slow sales
Posted on Feb 01, 2019
As economic challenges linger into 2019, housing markets remain on a sluggish pace.
January sales totalled 804 units, 16 per cent below last year and 21 per cent below long-term averages for the month.
"The slow start to the year does not come as a surprise, as concerns about job losses and the state of the energy sector weigh on consumers. We antici...
Economic challenges to affect Calgary’s housing market in 2019
Posted on Feb 01, 2019
The challenging economic climate in Calgary is expected to persist into 2019.Easing global oil prices, concerns regarding market access and easing investment activity are weighing on the energy sector and are expected to slow growth prospects in the province this year.
"Slowing growth, weak job prospects and lack of confidence are all factors that a...
Something to Consider Before Deciding on a Price Reduction
Posted on Jan 02, 2019
There comes a time for each home on the market that just seems like it has been there too long. While the exact moment for when this threshold is reached depends on the personal needs and timeline of the seller, usually the itch begins around the 45th day with no offers, and becomes further accelerated when the 60 day mark hits.
If a home has been o...
If a home has been o...12 Months of Home GIVEAWAYS Starts NOW!
Posted on Jan 02, 2019
Starting January 1st, CIR REALTY and our Best My Nest Home-ownership Program will be giving away various home improvement prizes every month in 2019!
In order to enter, you must visit www.cirrealty.ca every month to enter that month’s prize. The draw will be done on the last day of the month and the winner will be notified by email. Prizes include:
J...
Job market weakness and lending restrictions a common thread in 2018’s housing market
Posted on Jan 02, 2019
As oversupply continues in Calgary’s housing market, December prices eased by one per cent compared to last month and are over three per cent below last December.
“Persistent weakness in the job market and changes in the lending market impacted sales activity in the resale market this year,” said CREB® chief economist Ann-Marie Lurie.
“This contribu...
Looking to Pay Your Mortgage Off Faster?
Posted on Dec 04, 2018
If you are looking to pay down your mortgage faster, here are three options to help you achieve your goal:
1) Choose an ‘accelerated’ option for your mortgage payments
An accelerated payment option lets you make weekly or biweekly payments while putting about the same amount of money toward your mortgage as a monthly payment. Accelerated payments can...