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Spring/Summer Best Time For a Mortgage

Spring/Summer Best Time For a Mortgage

After a long winter many Canadians feel like they’re coming out of a deep freeze. As soon as the weather warms up you’ll see Albertans out of doors as much as possible. Whether they’re soaking up the sun, getting started on their spring cleaning, or just taking the opportunity to be outside without the risk of their eyelashes freezing together, they all have one thing in common: a sense of a new beginning.

The Bank of Canada is keeping interest rates the same—for now

The Bank of Canada is keeping interest rates the same—for now

The Bank of Canada’s rate, known as the target or overnight rate, affects the interest rate borrowers and savers are offered from retail banks on savings accounts, mortgages, and other financial services.

The Bank raises its rate when it wants to cool down a hot economy and lowers it when it wants to encourage the public to borrow money in a slow economy. A healthy economy sits at its greatest potential at a 2% inflation rate, the bank’s target.

Calgary Economy Improves in Buyers’ Market

Calgary Economy Improves in Buyers’ Market

Despite the growing population, those looking to buy in Calgary still have a wide range of listings to choose from. The number of housing units, both existing and under construction, went up by 8,999 last year to a total of 515,391 this year. The Calgary Mortgage and Housing Corporation’s (CMHC) most recent report maintains that Calgary is in a buyer’s market as a growing number of homes for sale continues to drive down prices. Good for buyers!

Nine Reasons Why Your Home Hasn’t Sold

Nine Reasons Why Your Home Hasn’t Sold

If your home isn’t getting enough attention from buyers, there could be multiple reasons why it’s not selling. Today I’ll be speaking about nine different reasons why this might be happening to you. 

An Appraiser’s Take on the Calgary Market

An Appraiser’s Take on the Calgary Market

Winter has finally FINALLY come to a close (knock on wood) and summer is well on its way (knock again). As Calgary changes with the seasons the housing market throughout the city typically changes too. As (Jared) Nolan Moore, a Canadian Residential Appraiser, tells us in a recent article we usually expect to see greater listings and sales in the spring, which level off in the summer, stabilize in the fall, and drop back down through the winter. But 2019 isn’t following the trend.