Blog by Cher Ewing

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News on the speculated interest hike in REP magazine

December 11th, 2014
 by Jamie Henry10 Dec 2014The prediction of a rate hike in 2015 is likely to push first-time homebuyers into the market, according to a new report, as Millennial buyers aim to secure a low rate before the Bank of Canada ends its one per cent run. The annual Housing Market Outlookreleased by Re/Max this morning forecasts an increase to mortgage rates as early as May 2015. The Bank of Canada al ...
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Oil prices and Calgary's housing market

December 10th, 2014
Housing market expected to be stable in 2015 by CREB on December 10, 2014                                  While the recent drop in oil prices has caused speculation about implications for the housing sector, stable conditions are expected given current forecasts for employment and migration. “While employment and migration are expected to support housing demand, estimates coul ...
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Alberta Economy

November 14th, 2014
http://www.calgaryherald.com/business/calgary+economy+soften+2015+experts+crisis+horizon/10378944/story.html  
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Calgary Market Stays Hot

November 4th, 2014
Calgary Market Stays Hot Housing prices went up again in Calgary last month; rising 10 per cent compared to October last year.  New figures from Calgary Real Estate Board show that there were 2147 re-sales with condos continuing to be the biggest driver with a 14 per cent increase year over year.  "Tight rental market conditions combined with low interest rates have supported demand growth f ...
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Interest rates to remain low and hold for longer

October 29th, 2014
The Bank of Canada announced on October 22nd, 2014, that it was holding it's trend-setting overnight lending rate at 1%. As of October 22nd, 2014, the advertised five year lending rate stood at 4.79%, unchanged from the previous Bank rate announcement in September and down 0.55 percentage points from 1 year ago. The next interest rate announcement will be on December 3, 2014.  The next upda ...
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Dog Agility

June 6th, 2014
  Had our Last Day of Dog Agility for the season, last night.  Thank you Sally.    
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New Build Purchase Question

June 6th, 2014
Hey all you Real Estate Aficionados.  Had a great questions regarding a new build purchase.  "OK, sounds great but how much does it cost?" The answer:  Nothing.  It's free to the Purchaser.  The Realtor is compensated by the Builder in way of a referral fee or commission.  You can be fully represented without any cost to you.  Yay!!  Doesn't get better than that!    ...
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New Build Purchase

June 4th, 2014
Listen up all you new home buyers.  If you are looking to buy directly from a builder you may be suprised at how you need to proceed in order to protect yourself.  Senario:  You're wondering around one weekend, through new showhomes.  Maybe just looking at decorating ideas or seeing what's new, when you find the perfect house you want to buy or at least consider.  How do you proceed from he ...
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Calgary Housing Sales

September 4th, 2013
Calgary, Sept. 3, 2013 – Residential sales within city limits totaled 2,196 units, an 27.5 per cent increase over 2012 and 8.7 per cent on a year-to-date basis     The level of transactions was well above long-term trends for the month, mostly due to improved activity in the single-family sector. However, on a year-to-date basis, activity is only slightly higher than expectations. ...
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CMHC and flood affected areas

September 2nd, 2013
CMHC affirms mortgage loan insurance in flood affected areas by Cassandra McAuley on Aug 30, 2013 CMHC has confirmed it will provide mortgage loan insurance in all parts of Alberta and western Canada. It will consider applications for properties that were affected by the floods, provided the lender discloses this information to CMHC and, where necessary, confirms th ...
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