Housing recovery a balancing act

Posted by Nancy Ball on Friday, September 22nd, 2017 at 11:01am.

Hey Everyone,

How was your summer? I really enjoyed the warmer temperatures but boy did Fall set in this week! I've heard that interest rates will increase again so take a look at your long term plans and see if locking into a mortgage rate is best for you.

Going to the Calgary Fall Home Show this weekend? I went last night and saw some interesting stuff. Check out my blog 'Things To See:The Calgary Fall Home Show 2017' for some photos and details.

Thanks again for all of the referrals and support. It is appreciated and stay warm.

Nancy

Housing recovery a balancing act

Growth in new listings outpaced sales preventing inventory declines

Sales posted a modest gain in August, but a rise in new listings kept inventory levels elevated.

Inventories totaled 6,624 units, where over half were comprised of attached and apartment style properties. While inventories were 16 per cent higher than August 2016 levels, the slight rise in sales prevented further gains in the months-of-supply, which remain just above four months.

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Canadian borrowers wait and wonder if rates will rise tomorrow

For millions of Canadians, whether or not the Bank of Canada increases interest rates tomorrow isn't merely a financial page headline. It's a matter of money out of their pockets.

July's single quarter-point rise, the first in seven years, was easy to set aside as a quirky exception.

But the notion of a second increase within two months suddenly changes the game.

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Preparation Tips For School Year You Won’t Get Anywhere Else

There are things you need to do to get ready for school and you will not find them on the school supplies list. These are real world survival tips to help you be your best self when school starts. They aren’t going to make you into the PTO president parent (but then you didn’t really want to be that did you?). They are more going to help you ride the wave average parent.

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'Millionaire Cities' Abound In Canada As Household Wealth Hits Record High

Canadians' wealth grew to the highest levels on record in 2016, pushed forward by rising house prices and a solid performance by the stock market.

According to the latest edition of the Wealthscapes survey from Environics Analytics, four cities are now in the "millionaire club" — places where the average household net worth is above $1 million.

Vancouver, Toronto, Victoria and Calgary, in that order, all have an average net worth above $1 million. Prior to the 2016 data, only Vancouver had been in that club.

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10 DIY Ideas That Will Make a Big Impact in a Room

Know you'll have a few hours strung together this weekend to tackle a DIY project or two? Looking for something that will dramatically change the look of a room? We've gathered some of our favorite projects that take an afternoon to a full weekend to complete. One might possibly inspire a room makeover this weekend for you! We looked for challenging but doable ideas, some probably just for homeowners but plenty that renters can try, too!

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LOOK: The Most Expensive Houses For Sale In Canada Right Now

Things are changing rapidly in Canada's luxury housing markets.

With new housing rules introduced in British Columbia last year, and in Ontario this past spring, sales of high-end homes have softened in those cities, according to a recent report from Sotheby's International Realty.

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5 tips to keep your family organized this fall

Now that school is underway, the schedules are getting crazy and the nights are getting shorter. However, the to-do lists and clutter keep on growing.

Getting and staying organized can be overwhelming, and the more you let it pile up, the more overwhelming it becomes. There are some ways to simplify the organizing process for you and make life a little easier — and we all need that! Below are some tips to help your family stay organized as the school year gets under way.

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5 Reasons Your Home’s Staging Might Not Be Awesome (Even if You Think It Is)

If your home is beautiful to the eye but smells bad, is strangely hot or cold, or has a noise issue (neighbors’ music, freeway noise, or strange in-house creaks or whirs), buyers might fixate on the multisensory challenges.

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