Status Quo for Calgary's Housing Market

Posted by Nancy Ball on Tuesday, November 7th, 2017 at 5:38pm.

Hey Everyone,

On October 27th, I celebrated my 14th year of my real estate career. It's hard to believe that it's been so long! I am grateful to be able to work with so many wonderful clients. Know someone thinking of buying or selling? Let me know if I can help.

The market stats haven't changed much since this time last year but the mortgage rules have. See links below and send me an email if I can answer any questions. 

Thanks,

-Nancy

Status Quo for Calgary's Housing Market

Prices remain similar to last year, but ease in October

October's housing market conditions closely echoed previous month's trends with easing sales, rising inventories and downward price pressure. Like last month, the monthly activity was not enough to derail gains that occurred earlier in the year.

October sales and inventories totaled 1,467 and 6,463 units for a month of supply of 4.4. Several months of elevated supply in comparison to demand has weighed on pricing over the past several months. The city-wide unadjusted benchmark price in October totaled $438,900, 0.6 per cent below last month, but comparable to last year.

Read more

What the new mortgage rules mean for homebuyers

Today, the Office of the Superintendent of Financial Institutions (OSFI) introduced new rules on mortgage lending to take effect next year.

OSFI is setting a new minimum qualifying rate, or “stress test,” for uninsured mortgages (mortgage consumers with down payments 20% or greater than their home price).

Read more

How to Attract Buyers with Winter Curb Appeal Tips

Winter curb appeal is still valid when you're staging your home. Just because it's chilly outside does not mean you can forget about your curb appeal. If you are trying to sell your house during colder months, making a good first impression is just as important as ever. While winter can feel much drab and dreary, making it a bit more challenging to maintain the exterior of your house, there are various ways to boost your home’s curb appeal during the offseason. We point you these tips onmaintaining great winter curb appeal to attract potential buyers. Have a browse!

Read more

Soft Water vs Hard Water – What’s the Difference Between the Two?

You would be forgiven for thinking that the water that comes out of your tap in its natural form is the same, regardless of soft water vs hard water where you are. However, this is not the case. There are types of water: hard and soft. but what's right for you? this article is all about hard vs soft water.

Read more

7 Incredibly Easy Bathroom Makeovers

Get inspired by these incredible before and after renovations that have turned even the dreariest bathrooms into spa-like retreats. (Don't worry, they're easy!)

Read more

Are Calgary taxes out of control? The 'dark math' of property taxes explained

Calgary has some of the lowest property tax rates in the country, yet many residents and businesses complain their tax bills are out of control.

Those two statements are not as paradoxical as they seem.

In fact, the tax rate could go down and it could still result in a spike in what you owe to the city.

Conversely, the rate could increase, but your bill could drop or stay the same. That's because it works like this:

Read more

Scientists Discover Why You Should Take Off Your Shoes Before Entering Your Home

It was only when I had a Japanese guest visit that I realized the importance of taking off my shoes before entering the house. As many Japanese eat on tatami mats on the floor and sleep on futons that are rolled out at night, it seems perfectly logical to keep shoes at the door. In fact, this is the norm in most Asian countries. Yet, interestingly, many European and American families never bother to insist on leaving shoes at the door.

Read more

Homebuying Step by Step: Your Guide to Buying a Home in Canada

A home can be a great place to build memories with friends and family and build a financial foundation for your future. Buying a home can be exciting, but it can also be a challenging and confusing experience.

Canada Mortgage and Housing Corporation (CMHC) is here to help you understand the homebuying process. As Canada’s national housing agency, CMHC has helped millions of Canadians access quality, affordable homes. This guide will help you make informed and responsible decisions at each stage of the buying process.

Read more

Six families pick up keys for their new Habitat homes in Bowness

Six Calgary families now have the affordable homes they need, following completion of a new build in Bowness.

Habitat for Humanity-Southern Alberta recently celebrated that construction is complete on a six-plex in the established northwest Calgary neighbourhood.

The non-profit organization will be busy in Bowness, with a four-plex and three five-plexes planned for the area, as well.

Read more

What Fictional Character’s Home or Room Would You Like to Live In?

You can judge my very television-centric living room layout all you want, but I'm not ashamed to say that TV and movies play a huge role in my house. There's nothing I love more than sinking into the sofa on the weekends (and some weeknights) with a glass of wine and a great story ready to unfold in front of me on that 60-inch screen.

Read more

Exterior Winter Home Maintenance Checklist

With the soils frozen and the ground often covered with snow and ice, work on the outside of the home is limited toward preparations for the harsh winter. Our exterior winter home maintenance checklist provides maintenance tips to protect shrubs and other plantings throughout the cold, harsh months. Go through snow and ice removal tools and chemicals and make sure supplies are ready for the snowfalls. Take a few precautions to also guard the home against ice build-up that could cause damage to the home if untreated. Prepare and put up exterior decorations early and enjoy the holidays.

Read more

Read full newsletter for more tips & events or subscribe to have it delivered to your inbox each month

Leave a Comment