Blog by DOINA BIOLAN B.Comm

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HOUSING MARKET DOWNTURN HAS RIPPLE EFFECT IN CALGARY

February 12th, 2015
Housing market downturn has ripple effect in Calgary economy   The ripple effect of a slumping real estate industry, combined with plunging oil prices, is already starting to be felt by businesses throughout Calgary. “We’ve definitely seen an impact,” said Dell Lloyd, owner of Omega 2000 Cribbing Inc., in Calgary, which does foundation work for several large home builders. “I’m guessing t ...
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Posted in Real estate

LOW INTEREST RATES IMPACT ON TORONTO REAL ESTATE

February 4th, 2015
Low rates seen fuelling Toronto’s surging housing market as Alberta markets stal The average price of a home sold in Toronto in January climbed 4.9% to $552,575, according to the Toronto Real Estate Board which predicts more increases in 2015 amid near record-low interest rates   Sales in Canada’s largest city also remained strong and climbed 6.1% last month from a year earlier. With the ...
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Condo stats

January 21st, 2015
Condos make up more than half of housing starts in Canada’s biggest cities: CMHC OTTAWA — Condominiums accounted for more than one-third of all Canadian housing starts last year, and more than half of the total in several of the country’s biggest cities, the Canada Mortgage and Housing Corp. says. The federal agency says condominium apartment starts represented less than one in five Canadian ...
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Planned High Rise is East Side, Calgary

January 21st, 2015
  Planned highrise will bring 221 rental units to East Village   A 28-storey, 221-unit residential rental highrise is being planned for Calgary’s East Village — part of new development plans announced Tuesday by Calgary Municipal Land Corporation, which oversees the neighbourhood project. CMLC said it has sold a piece of land at the southeast corner of 7th Avenue and 5th Street S.E. to Cide ...
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HOUSE PRICES FORECAST

January 14th, 2015
CREB® forecasts price stability amid easing demand Housing sales are forecasted to ease by four per cent this year, due to market uncertainty and changes in economic climate, while prices are expected to remain relatively stable with a modest increase of 1.58 per cent on an annual basis, CREB® said today in its annual forecast. Although sales leve ...
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Homes sales decline

January 12th, 2015
Yearly records set as monthly sales see slight decline Condominium and townhouse sales set a new record for 2014 It was a record setting year for Calgary’s condominium apartment and townhouse sectors, as sales reached new annual highs despite year-over-year residential sales declines of 7.5 per cent in December. Single family sales totaled 708 units in December, a year-over ...
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2015 ECONOMY- BUYING A HOME OR NOT?

January 7th, 2015
Economy in 2015 good for buying a home The outlook for the Canadian economy in 2015 in general is looking rosy. As you know, we are, for the most part, influenced by the U.S. economy. Economic recovery in the US is growing at the consumer level and demand for goods will pull many other countries along with it, including Canada. Since important sectors of the Canadian economy are co ...
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TESTIMONIAL FOR DOINA BIOLAN,REALTOR®

December 16th, 2014
TESTIMONIAL FROM S.CIOBANU FOR DOINA BIOLAN, REALTOR®“Doina was very helpful in getting the right condo for us. Highly recommend Doina because of all high professionalism, and all the positive experience we had with her. Doina is very devoted to her job and knows her job very well. We really felt her interest to make our experience the best and she really did. Her schedule was pretty flexible ...
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Posted in Real estate

HOUSING MARKET IN 2015

December 15th, 2014
Housing market expected to be stable in 2015 While the recent drop in oil prices has caused speculation about implications for the housing sector, stable conditions are expected given current forecasts for employment and migration. “While employment and migration are expected to support housing demand, estimates could change depending on the extent and dur ...
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PRICE GROWTH SLOWS IN CALGARY

December 1st, 2014
    Price growth slows in Calgary Improving inventories help ease price growth pressure Calgary’s residential resale housing market posted relatively strong November activity reaching 1,782 units, a three per cent increase over the previous year, and nearly 13 per cent above long term averages. ...
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Posted in Real estate

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