New federal laws and regulations dealing with money laundering and anti-terrorist financing that went into effect on June 23, 2008 will require real estate associates and brokers to collect and verify more personal information from buyers and sellers. Real estate associates must also now track the source of funds received during the course of a real estate transaction, such as the deposit.

These new regulations are part of federal legislation (Bill C-25) passed in 2007 that requires a number of industries, including real estate, to do more to help stop money laundering and terrorist financing. The regulations are enforced by the federal agency known as the Financial Transactions and Reports Analysis Centre of Canada, or FINTRAC.

REALTORS will be…

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 Your weekly update of Calgary Real Estate

Calgary Real Estate Stats: July 01 - 17/07

Discussion: The average Calgary house price was $561,311 last week, setting another new record. This number reflects the growing number of sales of Calgary Luxury Real Estate. The average price of a Calgary condo was $313,973, a slight rise from the previous week. New Calgary listings continue to outpace sales by almost a 2:1 margin.

CREB *Calgary Real Estate Board* has revised the format of the weekly sales stats to better reflect the market within the Calgary city limits. The new "Calgary Metro" stats don't include acreages and properties listed from smaller towns outside of the Calgary metro area.

Calgary Real Estate Stats

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 Your weekly update of Calgary House Prices

Calgary Real Estate Stats: June 01 - 12/07

Discussion: The average Calgary house price was $493,616 last week, setting another new record, while the average price of a Calgary condo was $330,334, a slight drop from the previous week. New Calgary listings continue to outpace sales by almost a 2:1 margin.

CREB *Calgary Real Estate Board* has revised the format of the weekly sales stats to better reflect the market within the Calgary city limits. The new "Calgary Metro" stats don't include acreages and properties listed from smaller towns outside of the Calgary metro area.

Calgary Real Estate Stats

Calgary Metro - Single Family 2007 … Read Full Post

 

 Your weekly update of Calgary House Prices

Calgary Real Estate Stats: May 01 - 29/07

CREB *Calgary Real Estate Board* has revised the format of the weekly sales stats to better reflect the market within the Calgary city limits. The new "Calgary Metro" stats don't include acreages and properties listed from smaller towns outside of the Calgary metro area.

Calgary Real Estate Stats

Calgary Metro - Single Family 2007 2006 Average Selling Price $488,079 $415,321 Median Selling Price $435,000 $375,000 New Listings … Read Full Post

 

 Your weekly update of Calgary House Prices

Calgary Real Estate Stats: May 01 - 08/07

 

Calgary Real Estate Stats

Single Family 2007 2006 Average Selling Price $479,011 $388,647 Median Selling Price $430,000 $359,900 New Listings 1,240 798 Sales 668 699 Sales to New Listing Ratio 54% 88% Sales to Active Listing Ratio 17% n/a … Read Full Post

Elbow Valley West Lots

(May 03, 2007)  There is a virtual feeding frenzy on the horizon as The Peters Dewald Land Company sells 56 lots at Elbow Valley West this coming Saturday. Already more than 2 dozen people are camped out at the sales office in order to have first choice on the 1/4 to 2 acre lots, which will range in price from $260,000 - $525,000.

The lots will go on the block at 10am Saturday, May 5th, and will be sold first come, first served. Each lot can be held for 10 days with a $10,000 deposit, however these holds are open to challenges (if a rival purchaser offers to buy a held lot, the original holder must deposit 20% or forfeit the lot to the challenger).

The sales office is located on Range Road 31, south of Highway 8, just west of…

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 Your weekly update of Calgary House Prices

Calgary Real Estate Stats: Apr 01 - Apr 24/07

 

Calgary Real Estate Stats

Single Family 2007 2006 Average Selling Price $457,073 $374,763 Median Selling Price $420,000 $347,500 New Listings 3,002 2,099 Sales 1,991 1,953 Sales to New Listing Ratio 66% 93% Sales to Active Listing Ratio 56% … Read Full Post

 

 Your weekly update of the Calgary Market Prices

Calgary Real Estate Stats: Apr 01 - Apr 17/07

 

Calgary Real Estate Stats

Single Family 2007 2006 Average Selling Price $457,624 $374,323 Median Selling Price $419,000 $342,000 New Listings 2,118 1,437 Sales 1,368 1,342 Sales to New Listing Ratio 65% 93% Sales to Active Listing Ratio 40% … Read Full Post