CREB® forecasts challenges for 2018 market, but optimism remains on the horizon

Posted by Nancy Ball on Wednesday, February 21st, 2018 at 4:13pm.

Hi Everyone,

Hope you all had a nice Family Day Long Weekend. I was fortunate to see family and help clients both with real estate and home staging. Hard to believe I've helped over 300 families in my career so far! If you know of anyone thinking of buying or selling, let me know if I can help!

My new and improved website is better than ever with easy to use tools to help start your search, save it and setup notifications directly to your email. Not sure where to start your home search? My preset communities search is a great start! Select a quadrant, narrow down by price and go from there. Easy as 1-2-3! Click here to start

Don't forget to check out CIR REALTY's Happy Home Contest and enter to win this month's homeowner giveaway (drawn each month of this year). Enter a ballot via to win this month's prize of FIVE HOURS PROFESSIONAL ORGANIZATION FOR YOUR HOME. This is a service I provide as a part of my staging consultation, I love the results and so do my clients! 

Have a great month! Hope to talk to you soon.


CREB® forecasts challenges for 2018 market, but optimism remains on the horizon

While Calgary is officially out of a long period of economic downturn, the path to recovery is expected to be bumpy.

The impact of stricter lending criteria and higher interest rates is likely to offset the modest improvements in the economy.

"Housing market conditions are expected to remain relatively unchanged in 2018," said CREB® chief economist Ann-Marie Lurie.

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New mortgage stress test rules have borrowers flocking to alternative lenders

Mortgage brokers say the borrower rejection rate from large banks and traditional monoline mortgage lenders has gone up as much as 20 per cent after Canada's banking regulator imposed a new stress test for home buyers who don't need mortgage insurance.

As a result, alternative lenders are seeing an uptick in business as brokers increasingly direct home buyers toward borrowing options that are beyond the reach of the Office of the Superintendent of Financial Institutions' newly enacted tighter lending requirements.

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Here's what's new this tax-filing season

This tax-filing season, many important changes and improvements were made to services, benefits, and credits for Canadians. Here's what you need to know:

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14 Easy Tips That Will Help You Be Happier In Your Home

Feng shui looks at how energy (also called chi) moves through your home. If there is an area where the chi is moving too quickly or is stuck then that can represent either an area where you're stuck in your life or things that you need to improve on.

There are two ways to look at your apartment. You can think, This is just my apartment — or you can look at it as an ecosystem, an environment that affects you. If you choose to look at it the second way, then feng shui can help you achieve good energy and a space that will get you over your energy funk — and it's easier than you'd think. We asked feng shui expert Anjie Cho to show us how.

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In a Calgary first, owners turn to auction to sell luxury home

But the main push to sell the Collingwood-area home after two years on the market will be conducted by an auctioneer in Texas gavelling the 4,625-square-foot home of Clarendon Road N.W. to online bidders.

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How to Declutter Your Home: A Room-by-Room Guide to Living With Less

For many of us, the feeling of having too much stuff can cause panic. Here’s how to pare down what’s in your home—a daunting task, even if you’re organized by nature.

Ask Nancy


Send me your questions about home décor, staging, mortgage or real estate and I will post the answer on my next newsletter

When buying, how much money do I need for a down-payment? 

5% is the standard minimum down-payment you need to purchase your main home (principal residence). If you are purchasing an investment property, 20% is the minimum down-payment needed. If you are looking to purchase a $400,000 home, a down-payment of $20,000 would be the standard minimum. There are some exceptions so I would suggest contacting your bank/mortgage broker in the start of the process so you know what you can afford. Having a pre-approval done helps negotiations too as Sellers will be more inclined to approve showings and accepting your offer with it.


CIR Real Estate Review January 2018

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