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December 2018 Archives

T-Rex entices in Alberta residential real estate listing

It is amazing what can pique the interest of a potential purchaser of a home. Take for instance a residential real estate listing in St. Albert that wasn't getting a lot of action -- that is until a dinosaur parked itself outside the Alberta residence. The home was listed for months and hadn't really received much attention, until the realtor came up with a genius marketing scheme of dressing in a Tyrannosaurus Rex costume and posing next to the for sale sign and making himself at home in various areas of the residence.

Real estate transactions: Investment sales up in parts of Alberta

Alberta's two major cities saw increases in investment sales in the third quarter of this year. Some investment real estate transactions in both Calgary and Edmonton have been pretty large scale in 2018 with corporate investors making some pretty impressive purchases. In fact, a recent real estate report indicates that investments in the province exceeded $1 billion for two back-to-back quarters.

Real estate transactions affected by Alberta oil production

A softening economy in Alberta is affecting various sectors, including the housing market. Real estate transactions in Alberta have slowed since oil prices have dropped. A report recently released by one of the country's main banking institutions said the housing market remains weak in the wake of oil production cuts in the province. In fact, the bank stated that oil output will be about 1 per cent less in 2019.

Canada real estate transactions: Rates rise, growth stalls

The cost of borrowing is rising in the country. No doubt real estate transactions in Alberta will be affected by the hike in interest rates. The Bank of Canada rate is hovering just below 4 per cent -- that's up almost 16 per cent from the same time last year and 32 per cent from two years ago. That change may affect a person's decision about whether to buy at this time.

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