Category: Uncategorized
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Must-Know Tips for First-Time Home Buyers | your*realtor
A 6-mo fixed mortgage rate can start at 3.99%. Certain rates are 0.20% lower on avg than big banks.
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Calgary home sales stay strong despite supply shortages
Calgary's resale market remained strong in May with 3,092 home sales, slightly lower than last year's record high but significantly above long-term trends. New listings increased, mostly in higher price ranges. The market continues to favor sellers due to low inventory levels. Sales of detached, semi-detached, row, and apartment condominium homes all saw price increases…
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Calgary’s Suburban Office Market Shows Strong Recovery | your*realtor
Reduction in office footprints drives Calgary’s Suburban office market to higher occupancy and positive absorption post-pandemic.The Beltline, south of downtown, offers 7 million sq ft of office space with strong absorption and amenities.
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These condo buildings in Calgary have the lowest fees in the city
Condo demand in Calgary is high, with some buildings more affordable than others. Home prices have increased, with single-family homes at $679,500. Condo prices are lower at $350,700, but fees vary. Some condos in the west have fees as low as $191 to $265. Continue to full article
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How Will Lower Rates Impact Mortgages and Housing? | your*realtor
Interest Rate U-turn – Rates rose since March 2022 – Recently ↓ 0.25% – Borrowers to pay ↓, savers earn ↓ Savings Rates: – Prepare for ↓ rates – Factors: overnight rate, market, competition – Rates ~4%, likely to ↓
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Will Rate Cut Hopes Stir Buyer Interest? | your*realtor
The psychological boost of a 25-basis-point cut might entice some buyers off the sidelines, but Canada’s housing market still faces stiff headwindsRate cuts will be slow to impact Canada’s goal of building millions of new homes due to higher construction costs.
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Canada’s Mortgage Market: Basics You Need to Know | your*realtor
Amortization Period: – Number of years to pay off your mortgage – 25 or 30-yr periods to minimize payments – Longer period means more interest paid overall Mortgage Term – Definition: Years your mortgage agreement lasts – Standard Term: 3-yr fixed terms are now popular -Renegotiation: Term's end, with prepayment options
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Annual Rent Prices in Calgary Are Rising | your*realtor
A recent report from Zumper found Calgary in 12th place, with a 1-bedroom costing $1,810, ↑ 3.4% yearly. Despite a slight MoM drop for both 1- and 2-bedroom units in Calgary, the cost of a 2-bedroom unit in Calgary ↑ 7.2% yearly.
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Climate Change Is Affecting How Canadians Buy Homes | your*realtor
39% of Canadians, especially millennials and Gen Z, consider climate-related factors in housing choices. Climate-related damages increase insurance claims, affecting housing affordability and coverage availability.
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Happy Father’s Day | your*realtor
Approximately 2.5 billion Father's Day cards are sent each year. Neckties have become a popular traditional gift for Father's Day. "World's Greatest Dad" is a popular Father's Day phrase. Breakfast in bed is a common Father's Day treat. Wishing a fantastic Father's Day to all the dads who strive to be the best versions of…