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2014: The year in condos | crebnow.com

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Skip to main content. 2014: The year in condos. Dec 27, 2014. Dec 23, 2014. Calgary Real Estate News. Calgary’s tight rental market, combined with low mortgage rates and relative affordability, supported record growth in the city’s resale condominium sector in 2014. Combined condo (apartment and townhome) sales up to the end of November increased 19 per cent to 8,105 units, compared with 6,782 units during the same period the year prior, according to CREB . Meanwhile, homebuilders enthusiastically jumped...

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Rosy picture for rentals | crebnow.com

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Skip to main content. Rosy picture for rentals. Aug 4, 2015. Calgary Real Estate News. Several factors contributing to more favourable conditions. Calgary’s rental market is emerging as an early winner this year as the result of improved vacancy rates, added inventory and a more conservative appetite among buyers in the resale housing sector. CREB ’s mid-year forecast update. More options for renters with less concern over rental hikes may cause some to delay the purchase of their first home, it said.

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In-migration | crebnow.com

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Skip to main content. 55 Years of Real Estate: 2006 CREB Past President Kevin Clark. Jun 27, 2016. Jul 21, 2016. Former CREB president Kevin Clark recalls robust activity in 2006 created new set of challenges. To an outsider today, 2006 was an enviable year for real estate in Calgary. Nine to 10 offers on a house was commonplace, sales activity hit an all-time high with 26,975 transactions and prices skyrocketed year over year by more than 40 per cent to $336,408. Nov 26, 2015. Nov 26, 2015. Aug 6, 2015.

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Statistics | crebnow.com

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Skip to main content. Home prices down, not out. Jul 4, 2016. Jul 4, 2016. Resiliency in the detached and semi-detached markets temper price fluctuations. Calgary home prices continue to slide in most areas of the market, but not at the rate that many might expect, reported CREB in its June housing summary. (Click here. For the full report.). May 10, 2016. May 17, 2016. April housing sales tell different stories for districts. However, despite inclement conditions, some areas of the city and segments of ...

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Suite shift | crebnow.com

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Skip to main content. Aug 7, 2015. Calgary Real Estate News. CMHC change will allow buyers to use more rental revenue as qualifying income. A rule change from Canada’s Crown housing corporation may provide more fuel for Calgary’s long-running debate on secondary suites. Set to take effect Sept. 28, the change will allow homeowners to count 100 per cent of rental income from legal secondary suites as qualifying income applying for a mortgage. While the changes are expected to have a significant impact in ...

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Market remains balanced despite easing in absorption rates | crebnow.com

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Skip to main content. Market remains balanced despite easing in absorption rates. Aug 4, 2015. Supply gain in apartment sector threatens to impact price. Declines in residential housing sales activity eased in July, creating, when combined with stable inventory levels, no change to the month-over-month price. As weakness in the energy sector continues, this is trickling into several other aspects of our local economy, including our housing market, said CREB chief economist Ann-Marie Lurie. While benchmar...

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Oil And Gas | crebnow.com

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Skip to main content. Five things about CMHC’s housing outlook. Nov 26, 2015. Nov 26, 2015. Yearly update on the local and national housing markets. Canada Mortgage and Housing Corp. (CMHC) has issued its outlook on the local and national housing markets. Detailing several factors impacting Canada’s housing market — both new and resale – CMHC’s numbers provide a basis for what to expect heading into the remainder of 2015 into 2016 and beyond. To help provide a little more understanding,. Aug 6, 2015.

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Stats | crebnow.com

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Skip to main content. Prices decline for the second consecutive month. Nov 2, 2015. Nov 2, 2015. Sales activity remains well below long-term averages. Elevated inventory levels in October contributed to a second consecutive month of price declines in Calgary’s resale residential housing market. Benchmark prices declined 0.7 per cent from the previous month, and 1.2 per cent from the same time last year, to $453,100. Sep 1, 2015. August sales activity falls below long-term averages. Aug 4, 2015. Declines ...

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Ann-Marie Lurie | crebnow.com

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Skip to main content. Luxury home sales rebound. Apr 9, 2016. Apr 19, 2016. Segment rallies as overall market continues to face challenges. Once considered out for the count, Calgary’s luxury housing sector has seemingly rallied, posting a double-digit sales increase so far in 2016, according to new statistics. This comes as CREB released its most recent monthly housing summary, showing overall sales in the city this year have declined so far this year by nearly 10 per cent. Mar 25, 2016. Mar 24, 2016.

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Interest Rates | crebnow.com

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Skip to main content. Do you understand your options? Jun 29, 2016. Jun 24, 2016. Understanding different mortgage options. Fixed versus variable; closed versus open; payment frequency: When it comes to picking a mortgage, do you know what’s best for you? BMO mortgage specialist Laura Parsons offers her insights. Fixed versus variable interest rate. A variable rate will fluctuate with prime meaning you could end up paying more interest if prime changes. A fixed rate will not fluctuate. May 23, 2016.