Home prices remained stable in May

Posted by Nancy Ball on Tuesday, June 6th, 2017 at 4:06pm.

CIR Stampede Party

The party takes places on the first Saturday of Stampede, July 8th, from 12pm-6pm at Craft Beer Market on 10th Avenue SW. This is an 18+ event.  

There will be a photo booth, multiple draws for drink tickets and other prizes, as well as some fun games (like human size jenga!) This is RSVP only, so please let me know if you can attend and I will reserve tickets for you.

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Weather's been a little rainy lately but that just means greener gardens this summer! I enjoy this month as the real estate market gets busier and Iuckily I get more referrals and past clients who return for my services. I never take it for granted and want you to know how much I appreciate the support! Thank you to everyone who continues to receive my newsletter, I hope you continue to enjoy the content.

Please let me know if you would like to see anything in future newsletter and take a moment to subscribe to my newsletter if you haven't done so already (see above). I'll be thinking of all of the Dads out there this Sunday. Have a wonderful weekend!

If you are travelling this summer, please be safe!

Talk soon!

-Nancy

Home prices remained stable in May
Demand for detached housing continues to rise

Fueled by the detached sector, Calgary home prices trended up for the fourth consecutive month, but remain below 2014 highs.

"The economic climate is supporting detached housing market recovery," said CREB® chief economist Ann-Marie Lurie.

Homes built to challenge the elements 
Albertans are no strangers to extreme weather and one Calgary-based architecture firm says some homeowners are abandoning cookie-cutter construction in favour of design that safeguards against the elements.

CMHC insurance volumes plunged 41% after mortgage rules tightened
Canada's housing agency saw a sharp decline in the number of home buyers who qualified for mortgage insurance under tougher rules implemented last fall.

In its quarterly financial results posted Tuesday, the Canada Mortgage and Housing Corporation said that it insured just over 48,000 new mortgages between January and March, a 41 per cent decline from the previous three-month period.

The value of those loans dropped to just under $8.3 billion, down from $14.3 billion in the quarter that closed out 2016. 

Other articles in this newsletter:
How much are Canadians planning to spend on home renos this year?
Is your home safe when you go on vacation?
Budget Decorator: 15 Ways to Update Your Kitchen on a Dime
10 Everyday Emergencies You Need to Know How to Manage

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