With no change in the economic climate, Calgary’s sales activity totalled 1,272 units in September, a 13 per cent decline over the previous year and well below long-term averages. There was a pullback in sales across all product types, most notably the detached market.

“Calgary’s economy continues to struggle with unemployment, which rose again last month to over eight per cent. Concerns in the employment market, higher lending rates and shaken confidence are weighing on housing demand,” said CREB® chief economist Ann-Marie Lurie.

“At the same time, supply levels continue to remain high, resulting in persistent oversupply and price declines.”

Inventories totaled 7,941 units, pushing the months of supply to 6.25. This continuation in oversupply…

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City of Calgary, October 1, 2018 – With no change in the economic climate, Calgary's sales activity totaled 1,272 units in September, a 13 per cent decline over the previous year and well below long-term averages. There was a pullback in sales across all product types, most notably the detached market.

"Calgary's economy continues to struggle with unemployment, which rose again last month to over eight per cent. Concerns in the employment market, higher lending rates and shaken confidence are weighing on housing demand," said CREB® chief economist Ann-Marie Lurie. 

"At the same time, supply levels continue to remain high, resulting in persistent oversupply and price declines." 

Inventories totaled 7,941 units, pushing the months of supply to…

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A Calgary condo purchase income guide

Many would-be homebuyers find the home of their dreams, only to wonder, “can I afford it?” Canada Mortgage and Housing Corp., as well as many major banks, recommend spending no more than 30 per cent of income on housing, including mortgage (principal and interest), property taxes, insurance and utilities. To help, we did the math for a typical apartment-style condo in each region of the city.


City Centre

  • Required Down Payment: $14,261
  • Recommended Household Income: $66,240

North East

  • Required Down Payment: $11,184
  • Recommended Household Income: $52,880

West

  • Required Down Payment: $12,264
  • Recommended Household Income: $57,600

South

  • Required Down Payment: $11,228
    • …

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I just finished uploading this House for sale, 12716 134 Street, Edmonton, Alberta

Gutted and renovated. This House has been professionally renovated with new almost everything! New flooring, trim, paint, layout, bathrooms, tile, fixtures, lighting, appliances and much more. A lot of detailing went in to this property including the style and the colour choices. Professional landscaping in the front and back the property itself is large and very beautiful. This home comes with a massive oversized double detached garage with new power garage doors! Rv parking and a huge parking pad also included great for all of your toys. Beautiful tilework throughout gives a luxury finish.Ensuite bathroom + 1 other bathroom/ Luxurious makeup area in master and floor to…

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Experts say you should buy a home with your head and not your heart, but it’s easy to get caught up in the excitement when you find a home that seems perfect for you.

That’s why a home inspection is a crucial step. It can uncover problems that might require walking away from a potential purchase, or at least mean reassessing your offer.

According to Jared McIntyre, a home inspector with Canadian Property Inspections Ltd. and REALTOR® with Redline Real Estate Group, these are five red flags a home inspection might uncover:

Foundation issues
Since the foundation is literally what holds up a house, McIntyre says this is an enormous potential red flag. Settling of a foundation is one kind of problem, but another is underground water seepage. Both can…

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If you're working with a landscaping contractor, you want to develop a good working relationship with that professional, so you can avoid delays, stress and other issues. After all, the last thing you want is a tree planted in the wrong spot because of a misunderstanding! The same holds true when working with a real estate agent. Whether you're buying, selling, or both, you want the process to go smoothly and successfully. Creating an ideal working relationship with your agent is an important step toward making that happen.

How do you do that?

First, ask your agent to go over the process with you. If you're selling your home, you want to understand the steps the agent is going to take. That way, there will be fewer surprises. In particular, you’ll want to…

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Custom family bungalow in Yankee Valley Estates, Airdrie with 2553 sq ft + another 2229 down, 3 good sized bdrms + a den on the main floor, striking floor to ceiling fireplace, tall ceilings, luxurious ensuite, amazing mudroom & separate large laundry room, in floor heated, walk down to basement from garage, developed basement with 2 more bedrooms, theatre room and so much more...
$1,199,900 MLS #C4195652

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