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October 2008 - Posts

Alberta Residential Real Estate Sales Increase

Alberta residential real estate sales jump; prices dip Mario Toneguzzi, Calgary Herald Published: Thursday, October 30, 2008 MLS residential sales in Alberta increased by nearly 19 per cent in September compared to a year ago, the second highest hike

Watch Out for Real Estate Scam in Calgary

Scammers attack real estate UPDATED: 2008-10-29 13:27:38 MST By BILL KAUFMANN Consumer advocates are warning Calgarians about scammers exploiting genuine real estate listings to rip off people seeking rental properties. The head-up comes after a city

House Listings Slow Down Across Canada

House listings begin to slow down LORI McLEOD Thursday, October 30, 2008 The supply side of the housing market is waking up to the reality of cooling demand, with resale listings easing and new home construction expected to fall by 16 per cent next year.

Real Estate in Calgary still a Safe Place to Park your Money!

Calgary real estate still a safe haven Housing values enjoy steady increase Mario Toneguzzi, Calgary Herald Published: Tuesday, October 28, 2008 With all the volatility in the stock market, people are forgetting another investment vehicle -- real estate,

Are Calgarians Feeling Deflated?

Has Calgary lost its swagger? Pall of doubt hangs over city as people assess situation Valerie Berenyi, Calgary Herald Published: Sunday, October 26, 2008 We were having the best of times -- ever. We were shopping for half-million-dollar houses, buying

SW Calgary Condo Sales Rise

Sales soar in southwest Marty Hope, Calgary Herald Published: Saturday, October 25, 2008 For a change, Connaught did not have the highest number of condo sales in Calgary from July to September. After a long period of sitting at the top of the heap, the

Rebound in Oil Prices predicted!

Oil predicted to rebound above $100 US Lack of supply to buoy prices, says economist Mario Toneguzzi, Calgary Herald Published: Thursday, October 23, 2008 On a day when the price of oil plunged by more than $5 US a barrel to a 16-month low below $67,

Overstated Home Price Slide??

Home price slide may be overstated, TD economists say Lori McLeod Wednesday, October 22, 2008 Canadian home prices cooled last month, but the depth of the correction may have been exaggerated by distorted data, says a research note released Wednesday

Great Growth in Alberta's Population Predicted

Wed, October 22, 2008 Alberta's population to swell UPDATED: 2008-10-22 13:11:05 MST But inflated predictions won't come to fruition, Canada West Foundation By MARKUS ERMISCH, Sun Media Estimates of Alberta’s population breaching the five-million

Open House in Falconridge on Wednesday

October 2008 Su Mo Tu We Th Fr Sa 28 29 30 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 1 2 3 4 5 6 7 8 Falconridge, Calgary - We invite everyone to visit our open house at 1399 Falconridge Drive N.E. on October

Financing Crisis for Condo Project in Kelowna

Kelowna condo project hit by financing crisis Calgary companies stop building after losing bank funds Geoffrey Scotton, Calgary Herald Published: Saturday, October 18, 2008 Two Calgary real estate firms are at the centre of a half-completed $30-million

Most Active Area for Calgary Condo Sales

Southwest is best Marty Hope, Calgary Herald Published: Saturday, October 18, 2008 The most active area of the city for condo sales through the MLS system from July to September was in the city's southwest. The Calgary Real Estate Board says 728 condos

Exceeds $1M Average resale

Resale exceeds $1M average in seven city communities Marty Hope, Calgary Herald Published: Saturday, October 18, 2008 Despite an overall slowdown, there were still seven Calgary communities from July to September with an average selling price of more

Great Potentail in some areas..

Some areas still make good places to buy David Parker, For The Calgary Herald Published: Saturday, October 18, 2008 Confirming my comments in last week's column, Ed Jensen, president of the Calgary Real Estate Board, is quoted in his board's newspaper

Buyer's Market in Calgary Real Estate

Calgary's real estate market is very strong and is shifting to the buyers favor. I have had many questions on the last few weeks regarding how much does a buyer have to pay in commission to purchase a home. The answer to that is ZERO.. Realtors commissions

Open House in Falconridge on Saturday

October 2008 Su Mo Tu We Th Fr Sa 28 29 30 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 1 2 3 4 5 6 7 8 Falconridge, Calgary - We invite everyone to visit our open house at 1399 Falconridge Drive N.E. on October

Soundest Banking in System in World!

Canada rated world's soundest bank system: survey Thu Oct 9, 2008 7:37am EDT By Rob Taylor CANBERRA (Reuters) - Canada has the world's soundest banking system, closely followed by Sweden, Luxembourg and Australia, a survey by the World Economic

Financial Crisis?

Finance crisis hits home Alberta voters riding economic roller-coaster. Calgary real estate reflects global sting Renata D'Aliesio, Calgary Herald; with files from Canwest News Service Published: Monday, October 13, 2008 On a short stretch of Springbank

Calgary's Real Estate Market Still Seeking Balance?

Market seeks balance as sales keep declining Marty Hope, Calgary Herald Published: Saturday, October 11, 2008 From its May peak of 7,100 single-detached homes, resale inventory has shown a healthy decline, but sales are also slowing, says an industry

Buyers Market Across Canada

Sellers find it's suddenly a 'buyer's market' as economy takes toll on housing 17 hours ago For the first time in more than a decade, realtor Graham Reid is telling his clients the house they are about to put on the market may not sell.

1399 Falconridge Drive NE

Open House is cancelled for this week, Homeowner has not quite yet completed main floor renovations. Will be rescheduled.

Personalities Helps Determine Home Choice.

Outgoing, sociable people move house more often, study finds Misty Harris, Canwest News Service Published: Tuesday, October 07, 2008 Home may be where the heart is but it's personality that determines where we choose to settle, newly published research

BMO Continues Lending

Courtesy of Pat Hancock, Bank of Montreal Mortgage Specialist Below are some facts received from Frank Techar, BMO's President & CEO, Personal and Commercial Banking Canada: For those of you who know The Chronicle Herald, a newspaper published

Lower Rate of Depreciation?

Canadian house price 'rate of appreciation dropping': Royal LePage 13 hours ago TORONTO — Resale home prices in most major Canadian cities continued rising in the summer quarter, "in stark contrast to the housing market woes that continue

Prices Still Dropping in 3rd Quarter

Calgary house prices drop in third quarter Mario Toneguzzi, Calgary Herald Published: Monday, October 06, 2008 CALGARY - Calgary MLS average sale prices for detached bungalows, standard two-storey homes and standard condominiums all fell in the third

Home Sales in Edm Increase...

Edmonton home sales skyrocket in September Near-record figures buck national trend Bill Mah, Edmonton Journal Published: Saturday, October 04, 2008 While real estate in the rest of Canada sags, Edmonton's market shows signs of rebounding as demand

Normal Calgary Real Estate Market?

Fri, October 3, 2008 Calgary real estate market back to normal UPDATED: 2008-10-03 02:44:08 MST By MYKE THOMAS checkCookie(); After a year of listening to experts saying the Metro Calgary real estate market was returning to normal, we may finally have

Price Reduced on 1399 Falconridge Drive N.E. in Falconridge

Falconridge, Calgary - Announcing a price reduction on 1399 Falconridge Drive N.E., a 829 sq. ft., 1 bath, 2 bdrm bungalow. Now $264,000 Property information
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Increasing Mortgage Default

Mortgage defaults on the increase Real estate downturn hits homeowners and investors Colette Derworiz, Calgary Herald Published: Thursday, October 02, 2008 For years, bankruptcy trustees and credit counsellors in Calgary haven't had enough work. But

Calgary Home Prices Still sliding!

Home-price slide in double digits Professor says U.S.-style bust in the cards Mario Toneguzzi, Calgary Herald Published: Thursday, October 02, 2008 Median sale prices for single-family homes in Calgary have plunged in the range of $45,000 to $66,000 in

Calgary, Prices Drop...

Calgary condo, home prices drop Mario Toneguzzi, Calgary Herald Published: Wednesday, October 1, 2008 The average MLS sale price of a single-family home in Calgary metro dropped by nearly six per cent in September compared with a year ago while condo

What goes up.. Must come down!!!

Alberta leads slide in housing Mario Toneguzzi, Calgary Herald Published: Wednesday, October 01, 2008 Alberta led all provinces in Canada with the biggest decrease in the average sale price for an existing home in August compared with a year ago, according