Crystal Tost (403) 264-7653

Calgary Real Estate Blog

Calgary Real Estate Market

calgary real estateThe Calgary real estate board released its annual market update for 2011. The Calgary real estate market is expected to continue forward on its ways to recovery. Strong job creation, and job stability are key to a stronger future of the Calgary market.

There is no doubt that the Alberta economy is greatly fulled but the energy sector. The recovery in the world economy and the rise of emerging markets has contributed to world oil demand. As a result the economic growth in Calgary is projected to increase this year. We can expect a total recovery in the oil and gas sectors between 2014 and 2016.

The Calgary employment outlook improves with growth in the...

Choosing Your Real Estate Lawyer

Choosing your real estate lawyer is essential to a smooth closing. Once you have your purchase contract signed and have satisfied all the outstanding conditions in your offer whether buying or selling it is time to choose a real estate lawyer to finalize the contract. While you might know a lawyer (everyone seems to) that handles your wills or company legal matters it is wise to further investigate their credentials before having that lawyer represent you in your real estate matters. While real-estate law is not rocket science your lawyer should practice real estate law on a regular basis to avoid potential issues at closing. The truth is a lawyer that is not familiar with real estate can cause more harm than good in a real estate transaction. Some of the problems that we have seen arise from lawyers not regularly practicing real estate law is that they are unsure of how to receive mortgage instructions, they might not have experience in dealing with "western protocol" closings...

Calgary Real Estate Market | July 2011 Market Statistics

Calgary real estate - CALGARY HOUSING MARKET ON THE ROAD TO RECOVERY Market improvements driven by clients looking for value

According to figures released today by CREB (Calgary Real Estate Board), residential sales continue to trend towards recovery.  After the first seven months of the year, single family and condominium sales totaled 11,798, a 5 per cent increase over the previous year. While the improvements signal market recovery, overall sales levels remain 17 per cent below the 10-year average for this period.

"The recent rise in average days on market, especially in the single family sector, shows that while properly priced homes are selling quickly, over-priced listings remain on the market for a longer period of time. Improving market conditions may have signaled some sellers to be overly optimistic regarding pricing, resulting in a disconnect between seller and buyer expectations" says Sano Stante, president of CREB.

Single...