Two things worth talking about today in regards to Calgary real estate: Mortgage rates and market statistics.

Our reliable mortgage partner Allan Bowerman of Mortgage Alliance is advising that rates are set to increase.  So if you're considering buying, you should definitely be pre-qualifying any financing, so you can make sure you get the best rates when it comes time to make the purchase.

Also, the Calgary Herald is suggesting that low interest rates have lured buyers back to the real estate market in Calgary and area.  Well, this isn't news to anyone who has been watching the real estate market, but the numbers are interesting anyway: Sales are up (from 2008) by about 4.9%, while average sale price is down by about 4.4%.  What does this tell us about the single-family resale housing market in Calgary?  It tells us that we're in a normal market cycle, with typical seasonal fluctuations.  The reverberations from the unusual market explosion in 2006-2007 are still being felt, but only to a minor extent, so you should feel confident buying or selling your house at this point in Calgary.  Remember, there's never a wrong time to buy the right house for you.