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Real Estate in Alberta is now an Essential Service!

March 31st, 2020

Real Estate in AB just been declared an Essential Service!

It is not Business as usual! A lot has changed in a few short weeks! Open Houses are no longer happening. There are many other precautions being taken as Realtors and other professionals including lawyers, property inspectors and mortgage brokers work hard to stay safe and to protect their clients to enable individuals to buy and sel ...

List and Sell Properties in Calgary

March 4th, 2020

Listing and Selling property in Calgary (or anywhere)



You can’t do anything about location, but…. Be aware of regional trends in your area.

Every property will be different and have a unique set of circumstances.  In general the more that you can do (in the time available) the better.  Here are some issues to consider:

Landscaping… clean and neat outside is important… trees trimmed, doggy doo ...

Calgary Economy the big picture

December 3rd, 2019

Real Estate and Calgary Economy December 2019

 

Total sales volume in Calgary is up by 1.1% from last year; Inventory is down by 9.7% and the “months on market” metric is also down by 9.4%.

However, in spite of these improving numbers, it is still a buyer’s market with the Benchmark price down by 3.5%.

Looking forward:

  1. Interest rates are not likely to go up;
  2. The Provincial government ...

Bank of Canada - Interest Rate held steady - October 2019

October 30th, 2019
Bank of Canada holds interest rates steady at 1.75%.

This is not the whole story as Mortgage rates are dependent on the bond market, and that has been falling as most of the G7 countries lower their lending rates.  Some european countries are paying you to borrow money!  Getting back to Canada... Inflation is on target at about 2%.  We do have strong employment with growth in IT and service in ...

Radon Gas in Alberta 2019

September 27th, 2019

Radon (Rn) in Alberta – A bad news/good news story!

Radon gas is the number one cause of lung cancer in non smokers in Alberta!  The good news is that you can do something about it.  Do it for your kids!

Radon is a colorless odourless gas that is radioactive with a half-life of 3.8 days. This decay process is what makes it dangerous. There is a lot of information available if you Google it: ...

Economic outlook for Alberta

March 1st, 2019

Economic Outlook for Alberta – and by extension Calgary

 

Recently I have focused on month by month changes in the Calgary Real Estate Market.  In the short term I do not see any major change in direction for the market. 

Here is an update on some significant projects at various stages of completion:

  1. The BC LNG project, should have some indirect benefit during construction. More importa ...

Calgary Real Estate Outlook February 1, 2019

February 4th, 2019

Calgary Real Estate – February 1, 2019

Our Real Estate market continues to struggle with low sales numbers and too many properties on the market relative to sales as can be seen by the attached graph. This graph shows inventory/sales (green line) trending upwards and bench mark prices trending downwards.  Overall sales are down by 16% y/y and benchmark prices are down by 4%

If you believe t ...

Historical Review - Calgary Home Prices

October 13th, 2018


Historical review of Calgary home prices vs the National average

This data is from the Teranet National Bank.  What can be seen from the graph below is that from 2000, when this data started, till 2005 Calgary Home Price Index (HPI) was almost identical with the national average. Then, with the boom in oil prices the Calgary market took off. Calgary outperformed the national average till 201 ...

Economics of Buying vs Renting

September 20th, 2018
This article in Canadian Real Estate Wealth grabed my attention:

It is by Will Dunning of Mortgage Professionals Canada

The Coles notes version says that owning in Canada is becoming more advantageous in the long run than renting.

I would say that for the Calgary market this will be doubly true if Canada can get one or two pipelines built!


The full article can be found here:  https://bit.ly/2xpQm ...

House Price Index - Calgary

September 12th, 2018
Summary of the House Price Index in Calgary (HPI) This shows that with some selected exceptions the house prices in Calgary have remained relatiavely constant over the last two years.

For this to change, we need those pipelines built!
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