Calgary Real Estate Report: June 2020
Look at month over month and year over year data for sales, sales to new listings ratio and absorption rates to anticipate near term price movements and understand market context.
Category
Mortgage 101
It Happened …Again! Mortgage Rule Change
Canada Housing and Mortgage Corporation (CMHC) Announced Mortgage Rule Changes Taking Effect July 1st 2020. Here's What's Happening: Guys, this is BIG NEWS! I want to explain theses changes, how they
Inflation Down, As Expected. Bank Holds Rate Firm.
The Bank of Canada held it's overnight lending rate firm at 0.25%. Here is the Bank's policy announcement. When Are Announcements And How Does That Effect Mortgages? Eight times per
Spring Market Update 2020
What Is Happening With Calgary's Real Estate? Below Are Key Data Points To Help You Understand Where Prices Are, And Where They Might Be Headed! Businesses are re-opening, cars are
I Was Wrong …Stimulus Update
I was wrong. Earlier this month I thought Canada's Governing bodies threw everything and the kitchen sink at our economy. Well, even more monetary and fiscal stimulus has been added to the system. The idea is to
Federal Stimulus Summary & Links
Here is a summary of information that I think is important for you to know and understand during this health and oil crisis: 1. Mortgage deferral program update. 2. Accessing Federal Government
Calgary Real Estate Update: February Data
Take a breath and check out Calgary's Real Estate market for a moment. I've compiled data from Calgary's Real Estate Board to help you make senes of what's happening locally. Let's key
Stress Test Mania!
Justin Trudeau, Western Canada's best friend, asked Canada's finance minister, Bill Morneau, to "review and consider recommendations from financial agencies related to making the borrower stress test more dynamic". This has
Calgary Real Estate: December Market Update
Here is a summary of Calgary's Real Estate market from the Calgary Real Estate Board (CREB) data. Detached home summary: Inventory levels remain high which is slowing progress to a balanced market. The