NEW Mortgage Stress Test starts January 1, 2018

By Claudette Coutts on Friday, November 3rd, 2017 in Mortgages, News, Real Estate News. No Comments

New Mortgage Rules  Canada’s top banking regulator has published the final version of its new mortgage rules. The new guidelines for the mortgage industry will come into affect on January 1, 2018. Among the major new rules is a requirement to stress test uninsured borrowers. Previously, only insured borrowers had to undergo such a test. By […]


Beyond the Purchase Price – It pays to know!

By Claudette Coutts on Thursday, November 2nd, 2017 in News, Real Estate News. No Comments

WHAT IS BEYOND THE PURCHASE PRICE? It pays to know costs that will occur in addition to the purchase price when buying a property.  Buying your next home is a big deal. It’s the biggest purchase most consumers will ever make – a home. Make sure you’re financially ready. November is Financial Literacy Month. We […]


Protect yourself from Mortgage Fraud

By Claudette Coutts on Thursday, November 2nd, 2017 in Listings, News, Real Estate News. No Comments

Protect yoursefl from Mortage Fraud by being aware on how fraudsters prey on the desparate. Here are some tips from the Real Estate Council of Alberta on how to protect yourself from mortgage fraud. Be aware of the different types of mortgage fraud. Mortgage fraud is illegal. Mortgage fraud can damage your credit rating, your finances […]


Purchasing Power and Available Inventory

By Claudette Coutts on Thursday, November 2nd, 2017 in News, Real Estate News. No Comments

There is far more inventory available for buyers concerned about their purchasing power.  Available inventory in the lower price ranges is higher now compared to several years ago in Calgary’s current market.  This provides more options for potential buyers concerned about their purchasing power given all the changes in the lending market. October’s housing market […]


Calgary’s Housing Future

By Claudette Coutts on Saturday, October 7th, 2017 in News, Real Estate News. No Comments

Trends shaping the city’s short- and long-term development There are some notable trends in real estate that offer clues to what’s on the horizon for the curious, the concerned and those who just like to plan ahead. “I think the findings from the 2016 census highlight changes in the Calgary housing market,” said Rylan Graham, […]


Market Factors influence New Listings

By Claudette Coutts on Thursday, October 5th, 2017 in Inside Scoop, News, Real Estate News. No Comments

Calgary Market Update Oct 5,2017 There are several factors influencing new listings. The market did not respond to the interest rate increases, and the end of summer as expected in September. The expectation for September was that there would be an uptick in sales after the holiday months were over. This was not the case […]


Calgary Real Estate Shows Signs of Price Stability

By Claudette Coutts on Thursday, August 17th, 2017 in Inside Scoop, News, Real Estate News. No Comments

Price stability shows in Mid Year market updates. The first-half of 2017 marked a shift in Alberta’s economy from recession to recovery, with conditions supporting stability rather than expansion. Improvements in the labour market are supporting the shift in the housing market this year. While the shift is welcome news for many, we continue to […]


More Interest Rate Hikes Expected?

By Claudette Coutts on Wednesday, August 2nd, 2017 in News. No Comments

The Bank of Canada has raised its key interest rate as expected to 0.75% – the central bank’s first move upward in the cost of borrowing in seven years. The bank’s target for the overnight rate – at which major financial institutions make one-day loans to each other – moved up by 1/4 of a […]


Calgary’s recovery sees modest inventory gain

By Claudette Coutts on Wednesday, August 2nd, 2017 in Inside Scoop, News, Real Estate News, Uncategorized. No Comments

  Calgary’s market sees modest inventory gains, but overall prices inch up. Calgary’s housing market remains a work in progress. Sales exhibited stable growth through the first half of the year in the Calgary housing market, but the number of transactions slowed slightly in July compared to last year. Modest improvements in the labour market and […]