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Stories Tagged - Coronavirus

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July 28, 2020 | Barb Livingstone

Calgarians' interest in close-to-home vacation properties increases as COVID-19 continues to restrict international travel

Multiple offers, steady prices and lower inventories: the 2020 summer recreational property market in Western Canada is not what you might expect in the midst of a global pandemic and economic downturn.

Horizon Housing’s 210-unit Horizon View in Glamorgan is Calgary’s largest affordable housing development built in the last decade.
Courtesy of Horizon Housing

July 27, 2020 | Natalie Noble

COVID-19 pandemic highlights Calgary's need for affordable housing

Now that the phrase "go home and stay home" has become 2020's mantra, the importance of affordable housing in Calgary is greater than ever. After all, what does "stay home" mean for those do not have a home or live in unhealthy conditions?

July 27, 2020 | CREBNow

CREB® releases second-quarter housing market report

The second quarter of 2020 marked the first full quarter since COVID-19 began to weigh on the economy.

Calgary housing sales slowed by 35 per cent compared to the previous year. This is better than original expectations, thanks to June figures that were far stronger than initial estimates. The pullback in new listings in the second quarter caused inventories to trend down, preventing a more significant decline in prices.

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July 27, 2020 | Geoff Geddes

The taste of summer: how to choose the barbecue that's right for you and get grilling in no time

Due to the ongoing safety concerns around dining out these days, the humble backyard grill – already a fixture for many during the summer months – has newfound appeal.

If you're new to the grilling game or your current barbecue has seen better days, it might be time to go shopping. However, there are some key points to consider before you buy.

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July 15, 2020 | Tyler Difley

Bank of Canada stands pat on interest rates, forecasts GDP decline in 2020

The Bank of Canada has maintained its overnight rate target at 0.25 per cent, the effective lower bound, and released its updated outlook for the economy and inflation.

Courtesy of Mahogany Homeowners Association

June 22, 2020 | Barb Livingstone

Calgary's lake communities balance summer fun and safety as Alberta's COVID-19 relaunch continues

Get outside but practise physical distancing. Interact with nature but don't travel.

As Calgarians get used to the rules for weathering the COVID-19 pandemic, the city's lake communities are making sure residents can safely enjoy their abundance of unique water amenities.

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June 10, 2020 | Tyler Difley

CMHC tightens lending requirements for insured mortgages

Canada Mortgage and Housing Corporation (CMHC) is changing its underwriting policies for insured mortgages.

Starting July 1, new applicants for CMHC's mortgage default insurance will have to meet the following criteria:
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June 09, 2020 | Josh Skapin

Business as usual? How buyers, sellers and REALTORS® have adapted to COVID-19

What a difference three months makes.

Restrictions in place to slow the spread of COVID-19 have altered almost all standard practices, including real estate transactions. So, if you're buying or selling a home, things look a little bit different.

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June 03, 2020 | Tyler Difley

Bank of Canada holds steady on interest rates as market conditions start to improve

The Bank of Canada maintained its overnight rate target at 0.25 per cent and announced it would be scaling back some of its interventions in the market now that economic conditions are beginning to improve.

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June 01, 2020 | Tyler Difley

Mortgage matters: options and advice for anyone falling behind on payments due to COVID-19

As the COVID-19 pandemic continues, many Calgarians have lost their jobs, been furloughed (i.e., temporarily laid off) or seen their working hours reduced. If this has happened to you and you own a home, the loss of income could, understandably, make it difficult to keep up with mortgage payments.

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