Blog by DOINA BIOLAN B.Comm

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Alberta December 2015 home sales

January 21st, 2016

 

 

 

Alberta home sales down year-over-year in December

The Alberta Real Estate Association (AREA) compiles provincial MLS® sales data for dissemination to REALTORS® and other interested groups. The data that is provided represents statistics provided to AREA by way of the Canadian Real Estate Associa ...

Prime rate stays at 2.70

January 21st, 2016
As per Bank of Canada, Prime rate will stay at 2.70 %  for now . 

For variable rate mortgages, the payments will remain the same .

Monthly stats

January 18th, 2016
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MonthlyMonth to DateMonth to Date
City of Calgary Dec-14 Dec-15 % change Jan-15 Jan-16 % change
Total Sales 1,073 879 -18.08% 395 331 -16.20%
New Listings 1,363 1,492 9.46% 1,658 1,476 -10.98%
Active Listings 3,379 4,355 28.88% 4,165 4,863 16.76%
Median 415,000 408,000 -1.69% 412,500 404,000 -2.06%
Average Price 472,000 462,677

CREB forecast for homes prices in 2016

January 15th, 2016

CREB® forecasts downward pressure on prices in 2016


With no economic change on the horizon, demand for housing in Calgary will be weak in 2016, as sales activity is expected to fall by 2.2 per cent to 18,416 units, CREB® said today in its annual forecast. The annualized benchmark price is expected to decline by 3.44 per cent to $438,652.

Weak demand and su ...

New down payment rule changes- will it affect you ?

January 11th, 2016

New down payment rule change - will it affect you?

What a difference a week makes.
The new Liberal government is making its voice heard loud and clear with respect to the Canadian housing market and its concerns about an overheated housing market in certain cities in Canada.  
By increasing down payment requirements for properties greater than $500,000 the Minister of Finance, Bill Mor ...