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December Stat Pack & 2017 Forecast

January 13th, 2017
Just like that, another year in the books! Everyone might feel like they are a little worse for wear, however, there were some winners out there. Move up home buyers enjoyed a great market where they could take advantage of stable entry level prices and get a deal on their new home. First time home buyers that have been waiting on the fence managed to get some good deals on their new home as ...
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January Stat Pack

January 11th, 2017
First month in to 2017 and we are looking much better than last year at this time. Although that’s not a big feat as last January was a record setting slow month, but hey, we are glass half full people here! The last few weeks have been really busy. I have already helped a couple buyers find homes this year. The signal for the bottom may have arrived and that pent up demand I’ve been talking ...
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November Stat Pack

December 9th, 2016
After sales in October gave a false glimmer of hope, here we are looking in the rear view mirror for November and sales are back to where they were. October saw a 16% spike in sales activity, however, that was primarily due to the new mortgage rules implemented by the Feds. Buyers rushed to market to get their financing in under the wire. City of Calgary sales were off by 3% from this time la ...
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October Stat Pack

November 6th, 2016
So earlier this month there was a big hoop-la (is that even a word?) about the new mortgage rules the feds implemented. If you haven’t heard, as of October 17th, people applying for a mortgage with less than 20% down will now have to qualify at the Bank of Canada’s posted rate. Currently that sits at 4.64% which is considerably higher than most of the big bank’s interest rates of under 2.5% f ...
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September Stat Pack

October 7th, 2016
The light at the end of the tunnel??? Might be a little ambitious to think that, however, the detached segment has stabilized (somewhat). Flat for 2 months in a row? Let’s call that a win! It is the detached properties that have shown some resilience throughout this downturn so we shouldn’t be surprised that the value has held fairly well. Prices are down 3.29% year over year ($503,400). Sale ...
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