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Monday, March 29, 2010 - Two Major Banks Raise Rates!

After much noise from the financial sector regarding the pending increase to lending rates over the past few months, two of Canada's leading banks have now followed through on their threats! The Royal Bank of Canada and TD Canada Trust announced Monday that rates for fixed mortgages are going up by between 20 and 60 basis points on three to five-year plans. This increase in rates in addition to the new federal government's mortgage qualification rules set to be in force on April 19 will have a ... Full Article...

posted in News at Mon, 29 Mar 2010 15:51:04 -0600

Tuesday, February 16, 2010 -

New Federal Mortgage Rules Set to Increase Sales Activity. New rules announced by the federal government today will make it somewhat more difficult to get financing for home purchases and refinancing. The three new rules, which take effect April 19th place more stringent controls on mortgage qualification: requirement that borrowers have the resources to qualify for a five-year fixed-rate mortgage even if they decide on a lower-cost variable rate mortgage. Typically 5-year fixed rates are ...

posted in News at Tue, 16 Feb 2010 14:59:09 -0700

Monday, January 25, 2010 - 2010 Outlook - As I See It

By the fall of 2009 it was readily apparent that the Calgary real estate market had turned a corner; from a buyer's market to a balanced market. First time home buyers drove the marketplace with the Bank of Canada continuing to hold borrowing rates at record lows and property valuations declining approximately 8% from 2008 levels. Property inventory levels showed significant declines, particularly in the less than $400k pricepoint. The increasing shortage of 'good' properties has driven some ... Full Article...

posted in News at Mon, 25 Jan 2010 12:27:55 -0700

Friday, June 12, 2009 - Mortgage Rates Set to Rise

For those of you that are currently sitting on the fence waiting to time the real estate market bottom take a look at this!All indications are that mortgage rates are poised to rise again this week by approximately .50%. This marks the second consecutive rate increase in the past 45 days totaling an overall increase of close to 1%! Though the Bank of Canada has not raised it?s rates from its historic low of .25%, borrowing costs for the mortgage lenders has increased; driving rate increases for ... Full Article...

posted in News at Fri, 12 Jun 2009 07:46:10 -0600

Wednesday, March 11, 2009 - First-time buyers driving force in Canada's residential real estate markets, says RE/MAX

First-time buyers driving force in Canada?s residential real estate markets, says RE/MAXEntry-level purchasers are now the engine driving home-buying activity in almost every major centre in Canada, according to a recent report released by RE/MAX.The 2009 RE/MAX First-Time Buyers Report, highlighting first-time buying activity in 32 residential housing markets across Canada, found that improved affordability is prompting many first-time buyers to get off the fence, out of the rental, and into ... Full Article...

posted in News at Wed, 11 Mar 2009 18:47:56 -0600

Saturday, December 6, 2008 - November 2008 Calgary Residential Stats

The Calgary Real Estate Board releases it residential sales stats package for November 2008. Full stats package available HERE

posted in News at Sat, 06 Dec 2008 00:40:00 -0700

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