Real estate prices in most markets (including Calgary and area) are the product of supply and demand forces at work.  The current home owners and builders represent the supply side of the equation, while home purchasers represent the demand side of the equation.  Influencing both of the sides are "intangible" aspects like seasons, and mortgage rates, and general feelings about the state of the economy, job security, and that kind of thing.  For this discussion, let us assume that intangible fac ... Full Article...

Just added this listing: "Virtually NEW 2 storey Sterling home in the great community of Crystal Shores with upgrades! This immaculate 3 bedroom home comes fully equipped with black glass appliances, detailed and upgraded tiling, lake priveleges, upgraded modern pendant lights, upgraded stainless steel fixtures, brushed nickle accessories, and perfect hunter douglas window coverings. You will be proud to show this fabulous home to your friends and family, while entertaining in the giant kitchen ... Full Article...

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 estat ... Full Article...

Gotta love the media, so rarely do they print good news, it's something of a sensation when they do. While some may not consider it good news, I do: "Downturn helps unmask mortgage fraud in Alberta" is one of the headlines in the Herald today. The article rightfully discusses how scam artists use straw buyers to buy properties to obtain mortgages, then resell the place at inflated prices, or take the money and leave the straw buyer on the hook. However, the article fails to mention that a real ... Full Article...

The Herald has recently published a news article suggesting that sales statistics indicate the real estate market has turned.  Well, any agent in Calgary could have told you the same thing some months ago. Yes, the Calgary market has been back onto it's regular seasonal cycle since January.  We're back where we should be, which means it's a decent time to be buying or selling real estate in Calgary.