Home Buyers
How the Bank of Canada Interest Rate Cuts Can Affect You as a Homebuyer or Homeowner
On October 23rd the Bank of Canada (BoC) cut interest rates to 3.75% and it’s more than just a headline in the financial news. For homebuyers and homeowners alike, a rate cut can significantly impact their financial decisions and the cost of owning a home.…
Major changes to mortgage rules – what you need to know
The Canadian government is shaking things up for homebuyers with some major changes to mortgage rules, set to roll out in December 2024. Here’s a rundown of what’s changing and how these updates might impact you if you’re looking to buy, build, or renew your…
October Real Estate Statistics
Supply levels improving for higher-priced homes The October real estate statistics have been released by CREB® saying, sales gains for homes priced above $600,000 offset declines at the lower end of the market, resulting in October sales that were similar to last year. The 2,174…
New Land Titles Registration Levy in Alberta: What Homebuyers Need to Know
As of October 20, 2024, homebuyers in Alberta saw a change in their closing costs due to a new Land Titles Registration Levy introduced in Budget 2024. If you're in the market to buy a property, this is something you'll want to be aware of,…
September Real Estate Statistics
New listing growth driven by higher-priced homes CREB® released the September real estate stats with the headline being that new listing growth was driven by higher-priced homes. Rising sales in the upper price ranges were not enough to offset the pullback occurring in the lower…
Buying for the Short-Term: Tips on Protecting Your Home’s Value
When buying a home, many envision settling in for years or even decades. However, not all home purchases are long-term. Whether it's due to personal preferences, life transitions, job relocations, or unexpected changes, sometimes life necessitates a short-term stay in a property. If you find…
August Real Estate Statistics
Calgary housing market sees shifts The August stats have been released by CREB®, reporting that the Calgary housing market saw a shift as activity continues to move away from the extreme sellers’ market conditions experienced throughout the spring. Easing sales, combined with gains in supply,…
CREB® releases Q2 2024 Calgary and region housing market report
The Calgary Real Estate Board (CREB®) has released its Q2 2024 housing market report, providing an overview of the real estate landscape in Calgary and surrounding areas. The report showcases trends in sales and pricing, offering valuable insights for industry professionals and prospective homebuyers and sellers.…
Bank of Canada Cuts Interest Rates Again: What It Means for the Economy
On July 24, 2024, the Bank of Canada announced another reduction in its target for the overnight lending rate, lowering it from 4.75% to 4.5%. This move, widely anticipated by financial markets, marks the second rate cut since the onset of the pandemic four years…
July Real Estate Statistics
Supply levels improve, taking some pressure off prices CREB® released the July statistics saying, with the busy spring market behind us, we are starting to see some shifts in supply levels. With 2,380 sales and 3,604 new listings, the sales-to-new listings ratio fell to 66…