Vaccines are Here – Can Higher Interest Rates be far behind?

 Vaccines are Here – Can Higher Interest Rates be far behind?

How Long Can Interest Rates Stay Low Once Vaccines Arrive?

The announcements, two so far this month, about a vaccine for Covid-19 have taken markets by storm. When news broke that drug makers, Pfizer and Moderna had COVID-19 vaccine breakthroughs that appeared 90-94.5 % effective, the Dow Jones industrial average soared and the Toronto market also took off. Canadian oil and gas shares shot up with the prospect of people once again taking road trips and climbing aboard planes. The price of oil rose 10 %.

2019 Arrival of Corona-virus - Bank of Canada Cut Interest Rates

To help the economy struggle through the COVID-19 crisis and lockdown, Bank of Canada governor Tiff Macklem, cut rates by 50 bps to 1.25 % on March 4th 2020, bringing borrowing costs to the lowest since June 2018. It is the first time since March 2009 that the central bank slashed rates by 50bps.

Good News is Bad News for Borrowers

If you are thinking of buying a home, good news is often bad news for you, the 'Borrower'. According to Macklem, central bankers may not be thinking about hiking rates soon but a sudden surge of optimism that the pandemic  is over, which has until now felt endless, could mean that borrowers must at least think about the idea that rates will not stay near zero forever.

Fixed Rate or Variable Rate - Time to Talk with Your Mortgage Broker

You may be considering what a victory over COVID-19 will mean for the mortgage rates you now pay. Traditionally the variable rate mortgage averaged lower than the fixed rate but over the next 5 years the opposite could be true. You may consider this a time to lock in your mortgage.

Next Monetary Policy Report, MPR

The next scheduled date for announcing the overnight rate target is December 9, 2020 with a full update of the Bank's outlook for the economy and inflation, including risks to the projection, expected January 20, 2021.

Call me if you have any questions 403-680-4479

Should You Test Your Home for Radon? YES!

Should You Test Your Home for Radon? YES!

What is Radon?

It is a radioactive gas, formed by the breakdown of uranium, a natural radioactive material found in soil, rock and groundwater. It is colourless, odourless and tasteless. When radon is released from the ground into your home through the basement, it is diluted and low in concentration but some Alberta home have higher levels than recommended by the International Commission on Radiation Protection.

Radon is the Leading Cause of Lung Cancer in Non-Smokers in Canada!

The risk is high. Radon exposure is nearly everywhere in the northwest corner of the continent. The scale of radon exposure in the Canadian Prairies is the second highest on Earth. A recent University of Calgary study, reported that one in eight Albertan homes tested over safe levels of radon gas. Results may not be seen for years but the damage to your DNA is a real concern. Exposure is estimated to be the cause of 16% of lung cancers.

Indoors - Radon can be a Big Problem

When radon mixes with the air outside, it is not a problem: the air outside dilutes the amount of radon. But when radon seeps into a closed-in space like a house, it can be harmful. You and your family can breathe in high levels of radon without knowing it. Every house in Alberta has a yearly freeze-thaw action due to the water underground. This movement causes continuous erosion. If your house is older there could be extensive gaps, fissures and cracks and many other holes allowing the gas to seep in. Testing should be done every five years or after major renovations or changes to the HVAC system. Even if neighbouring homes test low for radon, yours could still have high levels.

How Do You Test for Radon?

If your house is newly built you have to wait until the concrete cures. This takes 18 months. Then a proper radon test takes a minimum of 90 days and should be done in the winter. According to the Canadian Lung Association, web site, you should put the test device on the lowest level of your house that you use regularly at least four hours a day. Make sure it won't get knocked over. Then you mail the test device to the company’s laboratory according to package instructions. The company will analyze the test device in their laboratory and mail or email you the results.

What do I do if I have high radon levels?

Health Canada radon guidelines say that no action is required if radon is below 200 Bq/m3. However, even low levels of radon can be harmful. It is better to try to lower your home's radon level as much as possible. You need to repair your home if your home’s radon level is between 200 and 600 Bq/m3 within in the next two years and if over 600 Bq/m3 then you should repair your home within one year. You may need to hire a contractor to figure out where the radon is coming in so that you can make repairs to block the radon.

Government Mandated - Remediation.

The government has mandated that every home built since November, 2015 should have a sub-slab depressurization rough-in installation site. This allows for an effective form of radon reduction with reduced costs. Your Real Estate agent can tell you if a home that you are interested in has a rough-in depressurization site, has been recently tested, see the copy of the recorded test result and tell you if the necessary remediation has been done to make the home safe. If there is work that needs to be done to reduce radon, the estimated cost is around $2,000 to $3,000 but much less if you have a sub-slab rough-in.

Are Our Calgary Schools Safe? – They are On-To-It

You may soon receive a notice that the CBE will be conducting tests for radon gas in a number of schools across our system. Thankfully they are being proactive about our children's safety.

Christopher Ashby
REAL ESTATE PROFESSIONALS
100, 5810 2 STREET S.W.
CALGARY, AB T2H 0H2
Mobile: 403-680-4479
Office: 403-253-5305
Fax: 403-775-5156
E-mail: chris@yourhomeinalberta.com

Website: http://www.YourHomeInAlberta.com

Economic Recovery for Calgary – Will it happen again?

Economic Recovery for Calgary – Will it happen again?

Albertans have Confidence



Now that Alberta is seeing increased confidence as the oil and gas market starts its recovery, the wheels are in motion for Calgary real estate. Market indicators show that first-time and luxury home buyers are looking to get in and up. They have faith that life will get better.



According to the CMHC – Market Movement

Even with increased interest rates and new mortgage rules, first-time and move-up home buyers are leading the residential charge in multi-family residences and luxury homes, respectively. Meanwhile, Millennials and younger couples are balancing the condo market.

Over-building - Looks to be Subsiding

Senior market analyst with CMHC, James Cuddy, says, "Over-building has started to come back a bit." Also, vacancy for rentals fell from 6.3 per cent in October 2017 to 3.9 per cent in the same month in 2018. "Last year was the first year we saw positive price increases in terms of rental rates” since 2014." says Cuddy. This is good news for the housing market.

Cuddy notes, "Ultimately in Calgary, it will get to a point where renters are making that trade-off decision between the cost to rent and the cost to buy."

Absorption Rates – Percent Rising

CREB statistics for May show a positive market indicator of absorption rates – the number of sales vs. the number of homes listed. CREB chief economist Ann-Marie Lurie explains that the sales of real estate has remained low compared to historical activity for May, but, "the easing prices have brought some people back to market, while also preventing some others from listing their homes."

New listings in May pulled back significantly from previous year's levels. Combined with an improvement in sales, this resulted in inventories declining from 4,504 units last May to 3,921 units this month. This is the first time since May 2017 that year-over-year inventories declined.

Altus Group - Indicator of Market Improvement

Altus Group released its 2019/2020 forecast this month revealing the city’s struggling housing market should benefit from growing migration, which will elevate demand for housing and boost starts. Calgary’s slumping real estate market appears to be headed toward recovery near the end of this year and into next, according to a new report.

"We will probably see more of the same for housing from last year into this year initially," says Peter Norman, vice-president and chief economist of research, valuation and advisory. He adds that the conditions look like they will slowly improve into 2020. "Yet the slump in prices also creates greater affordability, which along with strong job growth expected in 2020 —15,600 new jobs — will drive demand amidst falling inventories."

Luxury Market

CREB’s current files show that in 2018, the most expensive house sold for $5 million and, so far in 2019, a sale price has hit $4,587,000. It is worth noting that an all-time Calgary luxury market sale happened in the 2013 heyday when one Calgary home sold for $11.1 million. You may want to check out my blog on the luxury market back in 2014. "Huge Appetite for Calgary's Best Homes": https://yourhomeinalberta.wordpress.com/2014/05/02/74/

Office, Commercial and Industrial Sectors – Trend also UP!

A Price Waterhouse Coopers (PwC) report states that Calgary’s industrial real estate market continues to gain momentum, showing positive absorption in 2018. There is a flight to quality in office so landowners are getting creative by developing unique, collaborative spaces to target Millennials, Start-ups and Tech Firms. Some are dog-friendly, offer perks such as a basketball courts putting greens as well as dog spas and outdoor dog parks.

Follow my posts on facebook: https://www.facebook.com/LiveInOkotoks/ or Call Chris 403-680-4479

Class Action Law Suit - Alert! KITEC Plumbing

Do You Have This Plumbing?

Class Action Law Suit - Alert! KITEC Plumbing

A Flood Waiting to Happen – Save Money Now - Deadline Looming

It is important to take a look at the plumbing in your home. If you have Kitec plumbing, both the fittings and pipes are prone to deterioration.  It was a type of plumbing sold between 1995 and 2007. To be eligible for settlement benefits, you must file a claim before January 9, 2020 or you will not receive payment.

Kitec – The Go-to-Pipe

During this time most plumbers and heating companies agreed it was the 'go-to-pipe'.  It was popular and inexpensive. That was before the recall. The good news is Kitec products are the subject of a class-action lawsuit. The settlement is worth tens of millions of dollars. Homeowners are eligible for partial compensation to pay for repairs.

Courts Have Granted Class Authorization

The USA courts, as well as Canada nationally have certified and approved cases for settlement purposes. You can begin the procedure of processing a claim. See Claim Forms: http://www.kitecsettlement.com/index.cfm. The site estimates there are approximately 292,000 installations/properties with the Kitec system in North America.

Do You Have Kitec? - How to Find Out

Start by looking near the hot water tank or in the mechanical room. The Kitec system is usually blue in color for cold water applications and orange for hot water. The plastic piping and aluminum, over time, expand and contract at different temperatures. It can cause them to burst. It may also result in clogging and poor water pressure and flow. Also check your home’s electrical panel doors. Professional plumbers typically added a sticker to the electrical panel stating that Kitec was used. A Kitec pipe can be marked with one of about 10 different brand names, for example PlumbBetter, IPEX AQUA and WarmRite. All visible fittings should be stamped with Kitec or KTC. Unfortunately Kitec brass fittings when in contact with well water with a high mineral content or acidity will chew away and cause them to fail.

Don't Risk Water Damage to Your Home

Most sellers and owners are completely oblivious to the fact that there's potentially an issue with the plumbing. Some will pay to replace it. Others will insure homes but at a higher rate. Some insurance companies give homeowners a certain amount of time to replace it or lose their insurance. In the event your pipes break, everyone should know how to turn off the water.

If you have questions or concerns or if you need help figuring out if you have this type of plumbing, give me a call. I am happy to help. 403-680-4479

Buyer's Market? Yes for Some

Buyer's Market?  Yes for Some

You may have notice some recent 'Listings Alert' emails from me. They show numerous active properties, but of interest, is that many of them show: "Price Change". What does this mean? Is this now a Buyer's Market? What is clear is that there are significant changes in the Real Estate Market for Calgary and the surrounding area.

Decline - CREB Has the Figures to Prove It

The Calgary Real Estate Board says sales totalled 1,272 in September, down 13 % from the same month a year ago, "well below" long-term averages. CREB chief economist Ann-Marie Lurie says, "Concerns in the employment market, higher lending rates, and shaken confidence are weighing on house demand."

Good for Buyers

From a price perspective, Gary MacLean, a 32-year realtor with ReMax Central, says prices at the end of September were sitting at 2014 levels. Recent figures from CREB show the biggest sales decline are those homes in the $600,000 to $999,999 range. Home sales, overall declined nearly 10 per cent in October across the city. Detached home sales are down to levels not seen since the late 1990's. MacLean says that it is, "Great news for those buying. I can think of nowhere you can buy a home in 2018 at 2014 prices."

Modern Family Home Ownership Trend

Sotheby International Realty president and CEO, Brad Henderson says, "Even though everybody is talking about it being a buyer's market, we’re not seeing buyers really being active." From the 2018 Modern Family Home Ownership Trends Report, Sotheby explains that, "about half of Canadians have abandoned the dream of owning a single-family home." This is due to challenges, preferences and home-buying habits of modern families, specifically between the ages of 20 and 45.

More Power for Active Buyers

There is reason to have a positive attitude about the future in Alberta. Oil is still at a good rate. Interest rates seem to be holding fairly steady with no major increases lately. There are no more changes looming for mortgage rules. November CREB Report states that there is some easing in new listing growth. If they are down that is a sign that inventory will slow soon. With the younger set waiting, that means the buyers that ARE active have more negotiating power. Keep your eyes on the listings then give me a call # 403-680-4479

Our Big Decision? Albi – Riverstone!

A Big Decision

Custom Built Home – Our Big Decision? Albi – Riverstone!

We are Ready

We have outgrown our home. With a nice, normal-size-but-kids-growing family we need more space. Our kitchen is very small with just the four of us using it. We like to entertain, dinner parties etc...so...with a crowd we bump elbows. But do we need a custom home? Why not? We both have good jobs with a future. My partner, Nancy is a teacher and I am a Real Estate agent. This is my third home. So why not treat ourselves to a dream home?

We Want the Best We Can Afford

We want the best. We are into comfort, modern appliances, luxury-size rooms and custom details. Albi Home Builders provide us with this dream opportunity. We are excited. We tour the Albi Show Home many times over the Christmas Holiday Season. We bring friends and family members to weigh in. The kids have fun running around the big environment, content with the space and feel perfectly at home.

 The 'Future' Back Yard

Only a Realtor Knows the Right Questions to Ask

As realtor with over ten years experience to draw upon, I know the questions to ask. Many homeowners buy and sell many times over the course of their life-time. Some upgrades are worth the money but some are only an extravagance. What are the best features to add to a custom-built home? One of the main upgrades that I want, knowing the Calgary rental market and its income potential, is a guest place or rental potential.

Promise of a Quick Build- Not!

With their high standards in building (many building and design awards) and promises of a quick build, we lay down the 10% deposit. We decide on a corner lot. Real Estate experience has taught me that this is one of the better future selling-point features. We are assigned an area manager. So far...so good. We expect to have many meetings regarding progress, any questions we may have and ideas about upgrades etc... I ask about the rental unit addition. Hmmm...they don't, as of yet, offer this. I look into the bylaws and persevere with the area agent. This takes time to sort out. Good idea? Maybe. Stayed tuned...

Thinking about investing in a custom built home? Please give me a call, Chris 403-680-4479

Calgary Could be the Next Hot Spot!

Calgary May be Next

Calgary Next Hot Spot for Foreign Buyers? Maybe!

To Foreigners Calgary Real Estate Looks Like a Good Buy

The Real Estate Market in Alberta and that of Calgary’s in particular, could soon see an upswing. Foreigners do not face an extra 15 per cent tax unlike non-residents who buy homes in Vancouver and Toronto. Calvin Buss, President of Buss Marketing in Calgary says. "I do think that foreign investors who want to invest in Canada will shift to Calgary, lured by the most attractive returns in the country."

The Economy is Slow to Climb – But...

Alberta's economic health after a steep downturn is still crawling its way back up. As a result, property prices are cheap compared to other regions in Canada. Unlike in Toronto and Vancouver, where foreign investment is seen by some as a malicious influence driving up house prices, some in the real estate business believe that a few more offshore buyers could be beneficial.

Surprise! - Calgary Up Over All

An oil price crash and an unemployment rate that rose to nine per cent last year has not caused the residential real estate market to collapse, as some thought. Sales in Calgary and Edmonton have dropped and prices are somewhat soft yet, year-over-year, the Teranet-National Bank House Price Index confirms that Calgary is up one per cent over-all.

Foreign Investment Welcome

When speaking about foreign buyers, Todd Hirsch, chief economist at ATB Financial has stated that, "They’d actually be welcomed here in Alberta." It's not only cheap prices compared to Toronto and Vancouver. Studies show that, $300,000 will buy you 926 square feet in Calgary but only 520 and 339 square-feet in Toronto and Vancouver respectively. But it's also about the dollar. Foreign investors usually deal in U.S. currency, and the low Canadian dollar makes that cash stretch even further.

Foreigners May Boost up the Real Estate Sector

Hong Wang, a real estate agent in Calgary has said that, "Our market needs support from foreign money." After Vancouver's off-shore tax, Toronto's housing market shot up. This demonstrates how fluid foreign investment can be. Toronto's offshore buyer tax shows how it has cooled house prices. What's next? Will Calgary's house prices shoot into the stratosphere over the ensuing months or years?

Give Real Estate Professionals a call. Talk to Chris @ 403-680-4479

Red Hot Housing Market for Calgary - 2017?

No! Small Growth Expected for Calgary

Unlike the Vancouver and Toronto Real Estate Markets, which have seen major price jumps for homes, Calgary is not expected to see this type of volatility. According the 2017 outlook from the Calgary Real Estate Board, house prices aren't expected to grow by a significant amount this year.

Rise Expected but Not Much

CREB's report stated that, "After falling by 3.2 per cent in 2016, prices for detached homes are projected to rise by 0.8 per cent by the end of 2017. Attached homes, meanwhile, fell by 4.1 per cent last year and projected to increase by 0.5 per cent.

Not a Buyers' Market in 2017

David Brown, CREB president said he doesn't expect buyers to have their pick of price-reduced properties across the board. "There are still some good deals in the market but you're probably not going to see dramatic prices drops as we maybe have seen in the previous years."

Balanced Conditions

Chief economist for CREB, Ann-Marie Lurie, said last year was "a buyers' market, for sure" in Calgary but that is expected to start shifting, particularly in the latter half of 2017. "What we're expecting is we're going to see it gradually shift into more balanced conditions."

Time to Buy into the Condo Market

While there is a modest price increase projected for homes, condo prices are projected to fall by another two per cent, according to CREB. "In the apartment-style condos, you may still see some deals available, but everything else is going to stabilize."

There is Risk and Uncertainty on the Horizon

CREB cautions that numerous risks may affect the housing market in 2017, notably oil prices maintaining an average $50.66 per barrel, mortgage decisions by the Bank of Canada and the uncertain impact on the Canadian economy with respect to the election of U.S. president Donald Trump.

Need some help sorting out the risks? Give Chris a call #403-680-4479

Hey Calgary - Good News for the Economy

Alberta’s wildfires raged in May and oil exports dipped forcing a downturn in the overall country’s economic output. The good news is that the figures for June show growth. Real estate can start growing again.

Economy Weakened but on the Rebound

Statistics Canada reported that during the second quarter the real (i.e. inflation-adjusted) GDP fell at a rate of 1.6 per cent in the three months ending in June 30. That reflects the deep impact of the wildfires that shut down large portions of the Alberta’s oil sands production throughout May. Statistics Canada also stated that by the end of the quarter, June’s real GDP grew 0.6 per cent. That's the biggest monthly growth in nearly three years!

BMO's Research Proved Ugly, Bad and then Good

Referring to the second-quarter report, Bank of Montreal's Chief Economist wrote, "We knew for the past four months that GDP report was going to be ugly, and it delivered with a capital U." Douglas Porter stated, "The good news is that we have also known that there would be a considerable rebound in the third quarter, and June’s solid result reinforces that view."

A Boost in Consumer Spending Expected – the Biggest Driver of GDP

Most economic analysts agree that the third quarter will see a return to growth as June has proven. As well there will be the continuing rebound in oil production, the rebuilding of Fort McMurray, a strong manufacturing sector and the new federal benefit program. Many economy watchers, including the Bank of Canada, expect that starting in July the first payments of the new Canada Child Benefit will boost consumer spending.

What Does This Mean for Real Estate Prices? Houses? Condos? Apartments?

Recently stats on the number of sales for the same period last year dipped 21.6 percent according to Calgary Real Estate Board. Also prices fell while the number of days on the market grew to 57 from 47 last year on average according to CREB. What does it mean? What's next? For more information give Chris a call 403-6804479.

E-mail: chris@yourhomeinalberta.com

Website: http://www.YourHomeInAlberta.com

Real Estate Agent - A Fraud- 'Poser' Goes to Jail

Derek Johnson Sentenced to Jail

Real Estate Agent 'Poser' Goes to Jail

A former Calgary man who has been dealing in real estate and mortgages without a license is going to jail. Even though he failed to appear in court, Derek Johnson has been sentenced to two months in jail and has been fined more than $100,000 in administrative penalties.

Derek Johnson Found in Contempt of Court – But Beware of Others!

This week some are learning about the man described as a scam artist preying on vulnerable people. His business partner Kevin Kumar and others involved including Johnson's wife, Allyson continue to broker real estate deals despite an explicit order to stop. Beware of websites such as those advertising real estate on kijiji.ca and ads similar in nature.

Court Orders Have Been Given

"Contemptuous conduct," and "deliberate disobedience of court orders," is what Justice Sheilah Martin expressed in light of Johnson and Kumar's attitude and on-going charges. Jail time is the only penalty that will demonstrate the authority of the court, she explained and went on to state, "I consider it to be my duty to punish them by a period of incarceration."

But…Real Estate and Mortgage Fraud Continues

The court action was initiated by The Real Estate Council of Alberta and although pleased with the court's decision regarding the serious nature of Johnson's actions RECA has appeared in Court before. They have not yet stopped the circle of deceit described as, "a complex ring of internet-based real estate and mortgage fraud spanning from B.C. to Manitoba."

Question: Who do You Trust? Answer: An Authorized Real Estate Agent.

In order to become a REALTOR® in Alberta you must first obtain your real estate license and associated authorization to trade in real estate in the province. This is in accordance to the REALTOR® official website. REALTORS® have met the same education requirements as set out by the regulator and adhere to the REALTOR® code of ethics.

Learn more: Real Estate Council of Alberta (RECA) & Alberta Real Estate Association (AREA)

Chris Ashby is your legitimate REALTOR®
At: REAL ESTATE PROFESSIONALS http://www.liveinokotoks.com/

Mobile: 403-680-4479 Office: 403-253-5305
Follow all his Blogs: http://www.yourhomeinalberta.blogspot.ca/
E-mail: chris@yourhomeinalberta.com

Murder Scene – Home for Sale

Murder Scene – Home for Sale

That particular headline on a Real Estate listing is something you will likely never see. Have you ever wondered after a widely publicized crime scene what happens to the house? Well it depends. Residents of many quiet, middle class suburbs find themselves grappling with that question across the country. Some wonder how the family could even sell the home, let alone who’d buy it.

Stigma of Crime Scene

This is a problem that Realtors often face. It's called 'Crime Scene Stigma'. The homes that have been tainted by murder rampage, mass suicide or even grow-ops can scare buyers off. It can stall the sale of homes and property. Often you see prices far below their market worth.

No Legal Obligation to Disclose it in Alberta

Unlike some U.S. states, Canadian real estate agents are not required by guidelines to disclose a home’s traumatic history. Instead, home sellers are expected to share details of violent crime or suicide just as they would structural defects.

Murder Attracts Bus Tours

Homes where notorious murders and suicides happened are often magnets for attention. In St. Catharines, Ontario the 'House of Horrors' where Paul Bernardo tortured, raped and killed two schoolgirls was constantly pictured on the news. It was eventually bulldozed. In the United States, some suburban crime scenes attract bus tours like the infamous 'Clutter Family Home' in Kansas written up in the book 'In Cold Blood' by Truman Capote.

Realtors are Stuck Between Buyer and Seller.

There has been a horrid murder recently. The photos of the little blue house in Calgary's Brentwood district have been widely spread across news channels. Five brutal stabbings in the long-time rental property leave one man charged with the murders. Realtors of the Brentwood home have omitted the details in the real-estate listing. The asking price is $489,900.

Property Record Searches

What kind of information can you find out from a property record search? Recent divorce? Times the home has been on and off the market? Is the home in foreclosure? These facts can be located and Real Estate Agents can find them. There is also a new website launched where 'Walls Talk' at HouseCreep.com. The site lists more than 20,000 properties in North America. The Brentwood house has not yet been added.

For more info call 403-680-4479

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Hey Calgary. You Pay Top Dollar! Why?

Hey Calgary. You Pay Top Dollar! Why?

Experts in the booming Real Estate Market agree that future home buyers in the Calgary market will be paying top dollar at least in the near future. Many homes and properties are only on the market for a short time before they sell.

Many Homes Selling in a Matter of Hours

Homes are not only selling quickly as in the past, when listed on the market for a few days, but now selling within a few hours. I sold one such home on Windstone Rd. within 18 hours of it being on the market. It didn't even have a chance to hit the public MLS.

Selling for More than the Asking Price

As the housing market heats up, multiple offers are the norm. This pushes many properties to sell for more than the asking price. About 30 per cent of sales seen by real estate agents are at or above the listing price. I heard about a townhouse in Rundle that sold recently for 38 per cent over the list price.

Going Up Again

According to numbers from the Calgary Real Estate Board (CREB) the trend is increasing. In April of 2013, it was reported that out of 2,544 properties sold in Calgary, 265 went for more than their listed price. In April of 2014, the 2,377 properties that sold, 529 of them sold at more than list price.

Migration and Employment Up

A new report by Canada Mortgage and Housing Corporation, states that a record net migration and the gains in employment in recent years have influenced the increase in sales and prices for Calgary. Rising incomes and employment growth are the key contributors to the upwards tick in housing demand.

More Homes on the Market This Summer

CREB President Bill Kirk has stated that as more homes go on the market in the summer, things will calm down. There has been a shortage in single family homes for sale but the market as usual will self-correct.

Call Chris 403-680-4479

You can book an appointment with me NOW!

e-mail Chris at: chris@yourhomeinalberta.com

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