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...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...