Housing market activity in May remained slow, but sales exceeded the lows from April, which saw less than 600 sales in Calgary. May sales totalled 1,080 units, a 44 per cent decline from last year's figures. "The initial shock of COVID-19 and social distancing measure is starting to ease. This is bringing some buyers and [...]
After the first full month with social distancing measures in place, the housing market is adjusting to the effects of COVID-19. April sales hit 573 units, a decline of 63 per cent over last year. “The decline in home sales does not come as a surprise. The combined impact of COVID-19 and the situation in [...]
After a strong start to 2020, economic conditions have dramatically changed, as COVID-19 is impacting all aspects of society. The economic impact is starting to be felt across many industries. This includes the housing market. March sales activity started the month strong, but quickly changed, as concerns regarding the spread of COVID-19 brought about [...]
Someone asked me the other day. They said "Pete, why are mortgage rates going up when the Bank of Canada is bringing rates down?" I am going to answer that question for you and a couple more with Scott Grubbe. I want to talk to Scott a little bit about what's going on in [...]
Before you go shopping for a house it's important to get pre-approved for the right mortgage. Today I’m gonna be talking to Scott Grubbe of Kardia Mortgages about, how to do that. Pete: Hey Scott. Scott, you've been a mortgage broker for how long? Scott: I've been a mortgage broker for six years and I [...]
Today I want to talk to you about for sale by owner or as realtors we call them FSBO’s. It's gonna be a little bit longer, but hang on I think you'll find this valuable. What we talk about the real estate is that, there's really only four kinds of buyers. We're gonna call them [...]
City of Calgary, March 2, 2020 – This month saw a double-digit gain in sales, but last February was one of the slowest levels of activity since the late ’90s. With the extra day this February, monthly sales totaled 1,197 units. A combination of these two factors resulted in a 23 per cent improvement over last [...]
Are you thinking of buying or selling a condo? Here's some important information that you need to know. For 20 years, I've been dedicating my best efforts to helping my clients get the most for their homes in the shortest amount of time. In 20 years, I've learned a lot and I'm learning more. Get [...]
City of Calgary, February 3, 2020 – Housing market conditions continue to follow similar trends to last year, with gains in sales. At the same time, there have been further reductions in new listings, inventory and more declines in prices. January sales activity was 863 units, nearly eight per cent higher than last year’s levels. While [...]
City of Calgary, January 2, 2019 – December sales improved to levels more consistent with activity recorded over the past five years. This follows weak sales activity last year. A stronger second half in 2019 was enough to push annual sales up by one per cent. “Price declines, lower mortgage rates and some modest improvements in [...]