July 2019

Modest supply reductions may signal shift to balanced housing market by end of year

Posted on Jul 22, 2019

Mid-year market update: 

City of Calgary, July 22, 2019 – A struggling energy sector continues to weigh on the overall economy. Unemployment levels remain elevated and income growth remains weak.

However, Calgary continues to benefit from stable population growth fuelled by international migration and natural increases.

“With current economic condition...

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Five Design Mistakes to Avoid

Posted on Jul 11, 2019

Being Matchy Matchy
Designers love things to coordinate, but having every fabric the same on every piece of furniture looks bland and boring. Shop at several stores instead of buying everything all in one place. Keep your fabric swatches and paint samples with you at all times. You will easily be able to see what works when you lay it all out togeth...

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NEW: First Time Home Buyer Incentive

Posted on Jul 10, 2019

The First-Time Home Buyer Incentive helps qualified first-time home buyers reduce their monthly mortgage carrying costs without adding to their financial burdens.

The buyer needs you to have the minimum down payment to be eligible, and then they can apply for a five per cent or ten per cent shared equity mortgage with the Government of Canada. The b...

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Media release: Oversupply is slowing, but a buyers’ market remains

Posted on Jul 10, 2019

City of Calgary, July 2, 2019 – New listings coming onto the market continued to decline in June, which is helping to reduce the oversupply of homes in Calgary.

Year-over-year, new listings saw a decrease of nearly 19 per cent. Sales activity slowed this month compared to last year by six per cent, but the pullback in new listings was enough to caus...

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