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Calgary Luxury Real Estate
Calgary Housing 2016
The beginning of a New Year is the ideal time to set our sights on achieving the things that really matter to all of us.
5 Real Estate Trends That Will Dominate 2016
2015 may be marked as the best for housing in Canada since 2007 (yes Alberta has its issues), but the market will likely get even rosier in 2016, according to a recent real estate forecast. One of the main drivers behind the brighter 2016 is the projection that employment will continue to grow, which will add to consumers' wallets and allow them to purchase their first home or upgrade to a new one. Hripko Nelson & Associates highlights the following 2016 housing predictions: Read More Here
New Down Payment Rules go into effect Feb 15 2016
For properties between $500,000 and $1 million, buyers obtaining an insured mortgage will now need to put more money down - up to an additional 2.5% of the purchase price. In other words, 5% down will be required on the first $500,000, and 10% down will be required on the next $500,000. Read More Here
Calgary Real Estate Board Update and Stats
With the focus shifting toward the holiday season, December sales activity slowed to 878 units in the city, 18 per cent below last year at this time and well below the five and 10-year averages. As a result, the adjusted benchmark price dipped to $448,800, a 0.42 per cent decline over the previous month and 2.33 year over year.