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June 2018 Archives

Real estate transactions: Lots still empty along Elbow River

It has been five years since much of Calgary saw horrendous flooding. There are some areas along the Elbow River with signage telling people to stay off the land that is owned by the province. Those six lots in that particular area are among dozens of real estate transactions since Alberta bought these properties for its floodway relocation program.

Things to know about real estate transactions in 2018

There's always a lot going on in the world of wheeling and dealing real estate. In Alberta, real estate transactions are indeed healthy as they are for most places in Canada with more local deals than ever. These transactions are different depending upon what has happened recently in their markets. For instance, deals in markets that have been hotter like Toronto and Vancouver are different from deals going down in recovering markets like those in Alberta.

Calgary’s Housing Market Benefits Young Buyers

In Canadian cities like Toronto and Vancouver, the dream of home ownership is likely to remain just that. Even following the introduction of stricter federal mortgage rules, the cost of buying a house in one of these cities remains decidedly out of reach. So how are young Canadians finding their footing in the real estate market? Calgary condos and homes appear to be the answer.

Calgary’s Drowsy Housing Market

It’s hard to ignore the fact that the real estate market has been off to a slow start in 2018. For the first time since 2010, the sales-to-new-listings ratio dropped below 50%. Despite some cautious optimism that things would pick up come spring time, all signs are pointing to a continued sense of stagnancy. So what does this mean for Calgarians and other Albertans hoping to take enter or stay in the market? It depends.

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