Market moves toward balanced conditions

Posted by Nancy Ball on Wednesday, June 3rd, 2015 at 4:53pm.

Hello Everyone! 

Special thanks to all who continue to support me as I received an award this month for being a Top 3 Overall Producer for my company.

Just a reminder that real estate transfer fees are going up as of July 1st, 2015 for registering new land titles and mortgage documents. However, even after the increase, fees related to real estate transfers remain lower in Alberta than other provinces. The fees for registering land titles and mortgages will be raised from $50 + $1 per $5,000 increment to $75 + $6 per $5,000 increment after July 1, 2015.

Calgary's Annual Neighbour Day is coming up on June 20th which is an excellent way to get to know your neighbours and in doing so, maybe make your community a safer place to live! Organizing an event such as this can be intimidating, but the City of Calgary is waiving the fee for block party permits, park venue booking fees and provide you the tools you need to get started. Visit http://www.calgary.ca/CSPS/CNS/Pages/Neighbourhood-Services/Neighbour-Day.aspx for more information.

The Calgary Stampede is less than a month away! Yippee! But why not take advantage of this time when everyone else is partying to catch up on some real estate? This is one of the quietest times of the year for the real estate market so competition for a home will be scarce and sellers will be in such good spirits, it might work to your advantage. Start your home search by choosing a location because it's that important!!! Click http://www.nancyball.ca/communities.php to review the listing each community has to offer and contact me to start the search for your new home!

Nancy

Market moves toward balanced conditions

  

Calgary housing prices change direction in May

For the first time since December 2014, Calgary’s residential unadjusted benchmark prices improved over the previous month. Within the city of Calgary, housing prices totaled $454,100 in May, a monthly and year-over-year increase of 0.55 and 0.96 per cent.

“For the third month in the row, new listings have eased compared to last year, helping push the market toward more balanced conditions, despite the current environment of slower sales activity,” said CREB® chief economist Ann-Marie Lurie. “This has helped prevent further declines in the unadjusted benchmark price.”

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Tricks to Make a Small House Feel Bigger

(No Renovations Required)

 

In a recent survey, 80% of home owners had at least one major regret about their home. Among the most common regrets—nearly 16% said their home was too small. But you can make a small home look and feel bigger. Here’s how….

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Alberta leads country in first-time homebuyers

Alberta has the highest rate of first-time homebuyers in the country, according to a new report released Tuesday by the Canadian Association of Accredited Mortgage Professionals.

The report, A Profile of Home Buying in Canada, found that 55 per cent of Alberta homes purchased in the past 27 months were by first-time buyers compared with the national average of 45 per cent.

The report said the Alberta number is due to migration patterns.

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7 Ways to Make Your Home Smell Amazing

There's just something about a special scent — you're not always totally aware it's there, but when you walk into a room that has a certain smell, you're immediately hit with a memory of a time or place. (Remember how distinctive your grandma's house used to smell?). Create that effect in your home — or simply kick a room's stink — with these tricks.

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Calgary gets 'B' for flood preparation but deficiencies cited

A new study places Calgary in third place for flood preparedness among 15 Canadian cities, giving the city a grade of B but noting that it falls below the norm in drainage maintenance and encouraging homeowners to install backwater valves.

The study rated the 15 cities on efforts to reduce the risk of damage from flooding caused by extreme rainfall, such as the flooding that occurred across southern Alberta in June 2013.

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Ten obstacles to getting the best mortgage rate

Anyone with a mortgage wants the lowest possible rate. But there’s an array of requirements for snagging the best all-around deal, and some of them are counter-intuitive.

Once people have chosen the term and rate type for their mortgage, they often find that rates for that same term can vary by a percentage point or more. Countless factors can keep borrowers from getting a rock-star deal. Here are 10 of them:

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Open up your eyes in open houses

Do you really know what you should be looking for when attending open houses? CREW offers some helpful advice to ensure these trips are worthy and informative. 

1. The Neighbourhood

Buying a home is a package deal: it comes with the neighbours. During your visit make note of the traffic speeds, the conditions of the homes in the area and the presence (or absence) of local amenities, especially retail and schools. 

Read more »  

 

May 2015 Statistics:

  Active Listings   New Listings  Sold *Last 30 days   Benchmark Price
*Last 30 days
Detached 2913 1879 1366 $512,800
Attached 1136 671 465 $354,000
Apartment      1293 611 359 $294,800

CREB Monthly Housing Summary May 2015
CREB Total Residential incl Town and Country May 2015 Statistics

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