Thank you for reading my email newsletters. What a crazy winter we are having this year, do you agree? It's been quite a challenge for me to show houses or even hold open houses for my listings! Nonetheless, I am happy to say that the market has picked up and I am seeing a lot more buyers out this February compared to last. Consumer confidence is up and we are set for a good spring market!
Don't forget to turn your clocks AHEAD one hour this Sunday, March 12th. This means we will get one hour extra of daylight in the evening!
A transition in the making
Detached sales activity boosts February housing market
After the first two months of the year, Calgary's detached sector continues to drive a slow transition in the housing market. February sales totaled 1,342 units, which is still 19 per cent below long-term averages, but an improvement over the past two years.
As sales kept trending upward, detached inventory levels continued to ease in February. These conditions caused months of supply to fall to 2.4 months, putting less downward pressure on pricing. Unadjusted detached benchmark prices totaled $501,900 in February, which is one per cent lower than prices recorded last year, but slightly higher than January figures.
How to take advantage of going green with new Energy Efficiency Alberta program
Albertans can now register for the Residential No-Charge Energy Savings Program through efficiencyalberta.ca.
Those who register can expect to be contacted starting in April to arrange in-home installations.
“You can be among the first Albertans in line for savings available through this program. All of the home upgrades are at no charge to you and they’ll reduce your electricity bills,” said Shannon Phillips, Minister of Environment and Parks and Minister Responsible for the Climate Change Office.
Other articles in newsletter:
Canuck cliche? Are Canadians really as nice as the rest of the world insist?
Why 2017 Could See More Homeowners Renovating Over Relocating
CMHC to Increase Mortgage Insurance Premiums
6 Small Tech Upgrades for Your Home That Make a Big Difference