February 2017

Top Renovation to Increase Property Value

Posted on Feb 08, 2017

Kitchens are the single most important room in the home relating to valuation. As such, it is crucial that you invest in having a modern, fresh and desirable kitchen. Modern cabinetry, under cabinet lighting and new appliances will all significantly increase the value of your home on the market. To save on cost without compromising construction and...

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CMHC to Hike Mortgage Insurance Premiums as of March 17

Posted on Feb 08, 2017

The Canada Mortgage and Housing Corporation will charge borrowers a few dollars more every month to insure their mortgages, starting in March.

By law, anyone putting down less than 20% of the purchase price of a home in Canada must pay mortgage insurance, even though the homeowners themselves don’t benefit from that coverage. Rather, it’s a fee borr...

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Real Estate Review for the month of February, 2017

Posted on Feb 04, 2017

For the fourth month in a row the Calgary market has seen inventory levels dropping. This is the result of less new inventory coming on, and sales rising, which is beginning to create more balanced markets. There has been a year over year decrease of the absorption rate in every type of market across the city. The apartment style sector remains to...

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January market improves over last year

Posted on Feb 01, 2017


For the fourth consecutive month, housing inventory levels have recorded year-over-year declines. At 4,112 total units, January's inventory was 18 percent below last year's levels. 
"While housing conditions continue to favor buyers, a slow transition toward more balanced conditions is helping to ease downward pressure on home prices," said CREB® ch...

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