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News
March 10, 2015 | CREBNow
Feds support CHBA Get It In Writing! campaign
The Government of Canada is giving financial support to the Canadian Home Builders' Association (CHBA) for their Get It In Writing! campaign.
The campaign raises awareness about the safety and financial risks the public face if they participate in the underground economy by purchasing construction or home renovation services under the table. It provides consumers and home renovation contractors with tools and information to discourage and reduce participation in the underground economy.
The campaign raises awareness about the safety and financial risks the public face if they participate in the underground economy by purchasing construction or home renovation services under the table. It provides consumers and home renovation contractors with tools and information to discourage and reduce participation in the underground economy.
News
March 04, 2015 | CREBNow
RBC: Canada's housing affordability slips overall
Drop masks diverging local conditions in fourth quarter of 2014
Home price increases in Ontario were key to a slight decrease in housing affordability across Canada, said a report from RBC.
The bank said although owning a home at current market value in Canada was less affordable for the second straight quarter as of the end of 2014, affordability trends have stayed relatively flat since 2010.
Home price increases in Ontario were key to a slight decrease in housing affordability across Canada, said a report from RBC.
The bank said although owning a home at current market value in Canada was less affordable for the second straight quarter as of the end of 2014, affordability trends have stayed relatively flat since 2010.
News
March 04, 2015 | CREBNow
Can you feel it?
Canada Olympic Park communities still hold memories of 1988 Winter Olympics
While the 1988 Winter Olympics are almost three decades in the books, the memories for some Calgarians are as fresh as ever.
Calgarian Duncan Anderson was 15 in 1988. As a "budding ski racer," he took a job as a film runner for Canadian Press during the games.
"Basically my job was to position myself with the photographers until the top racers had finished their runs," he said.
While the 1988 Winter Olympics are almost three decades in the books, the memories for some Calgarians are as fresh as ever.
Calgarian Duncan Anderson was 15 in 1988. As a "budding ski racer," he took a job as a film runner for Canadian Press during the games.
"Basically my job was to position myself with the photographers until the top racers had finished their runs," he said.
News
March 04, 2015 | Nolan Matthias
Variable rates popularity returning
But don't go to your bank for a variable rate
Variable-rate mortgages are once again returning to popularity thanks to low interest rates and the expectation the Bank of Canada will lower the overnight rate again in the near future.
For the last several years, consumers have favoured fixed-rate mortgages primarily due to the expectation rates would rise before they fell. Those expectations however, have not been fulfilled. In fact, the opposite has ensued and rates have gone lower not higher.
Many who recently took out five year fixed mortgages are now realizing they would have fared better with a variable-rate mortgage.
Variable-rate mortgages are once again returning to popularity thanks to low interest rates and the expectation the Bank of Canada will lower the overnight rate again in the near future.For the last several years, consumers have favoured fixed-rate mortgages primarily due to the expectation rates would rise before they fell. Those expectations however, have not been fulfilled. In fact, the opposite has ensued and rates have gone lower not higher.
Many who recently took out five year fixed mortgages are now realizing they would have fared better with a variable-rate mortgage.
News
March 04, 2015 | CREBNow
Series: First impressions
Setting the Stage: Tips and tricks for making your house inviting for potential buyers or transforming it into the house of your dreams.
Tips for prepping our home to be sale-ready*
When selling a home, first impressions can be the difference between someone making an offer or moving on to the next option.
Home staging is one way of preparing your home for looking its best at sale time. A study by the Real Estate Staging Association found 79 per cent of homes staged prior to listing sold faster than homes being staged post-listing.
Tips for prepping our home to be sale-ready*
When selling a home, first impressions can be the difference between someone making an offer or moving on to the next option.
Home staging is one way of preparing your home for looking its best at sale time. A study by the Real Estate Staging Association found 79 per cent of homes staged prior to listing sold faster than homes being staged post-listing.
News
March 04, 2015 | Cody Stuart
There's no place like second homes
Recreation properties still a hot commodity
Ask any Calgarian what they love most about the city they call home, and invariably you'll hear about the mountains, lakes and other attractions sitting well outside of city limits.
For those with the means, living life to the fullest often involves purchasing a second home situated closer to such locales and allowing owners the ability to ski, swim, golf or simply bask in the sunshine moments from their front door.
Ask any Calgarian what they love most about the city they call home, and invariably you'll hear about the mountains, lakes and other attractions sitting well outside of city limits.
For those with the means, living life to the fullest often involves purchasing a second home situated closer to such locales and allowing owners the ability to ski, swim, golf or simply bask in the sunshine moments from their front door.
News
March 03, 2015 | CREBNow
"In it together" with CREB president Corinne Lyall
CREB president Corinne Lyall has joined a litany of other Calgary names in the new campaign In It Together.
"With all the negative talk in the media and the community about the price of oil and the economy, we believe that it's time to turn the tables on the situation and focus on solutions," reads the website.
In It Together is the "brainchild" of Jeff Bradshaw, owner of video agency V Strategies, with the co-operation of his staff as well as Calgary Economic Development.
Joining Lyall in making comments on the site are names such as Mayor Naheed Nenshi, Phil Robertson of Phil & Sebastian Coffee Roasters and Steve Allan, chairman of Calgary Economic Development.
See Lyall's video below:
"With all the negative talk in the media and the community about the price of oil and the economy, we believe that it's time to turn the tables on the situation and focus on solutions," reads the website.
In It Together is the "brainchild" of Jeff Bradshaw, owner of video agency V Strategies, with the co-operation of his staff as well as Calgary Economic Development.
Joining Lyall in making comments on the site are names such as Mayor Naheed Nenshi, Phil Robertson of Phil & Sebastian Coffee Roasters and Steve Allan, chairman of Calgary Economic Development.
See Lyall's video below:
News
March 02, 2015 | CREBNow
CREB Stats: Inventory climbs in Calgary market
February sales activity remains low
Read the monthly stats package in full here.
Year-over-year new listings growth eased from 37 per cent last month to nine per cent in February. However, as sales activity remained below long term averages for the month, Calgary inventory levels rose to 5,474 units in February.
"While housing supply levels continue to be higher than we have seen in this market for some time, they remain below February 2008 record highs of nearly 7,000 units," said CREB® chief economist Ann-Marie Lurie. "If the pace of growth in new listings continues to ease, this could place some downward pressure on the supply growth in the resale market."
Read the monthly stats package in full here.
Year-over-year new listings growth eased from 37 per cent last month to nine per cent in February. However, as sales activity remained below long term averages for the month, Calgary inventory levels rose to 5,474 units in February.
"While housing supply levels continue to be higher than we have seen in this market for some time, they remain below February 2008 record highs of nearly 7,000 units," said CREB® chief economist Ann-Marie Lurie. "If the pace of growth in new listings continues to ease, this could place some downward pressure on the supply growth in the resale market."









