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Calgary Metro Area Single Family Statistics New Listings Last 24 hrs: 103 Active Listings: 5,553 Sold, Last 30 Days: 1,111 Avg Sale Price, Last 30 Days: $ 464,556 Median Sale Price Last 30 Days: $ 420,000 ** The Calgary Real Estate Board cautions that an average price does not indicate the actual value of any particular property. Those requiring specific information on property values should contact a REALTOR** Posted by www.JoeSamson.com Read Full Post

The Real Estate Council of Alberta (RECA) - Mortgage fraud is increasingly widespread and complex and its consequences can be devastating. It is a criminal offence, and in Alberta several individuals have been charged with mortgage fraud by the RCMP. Participation in mortgage fraud is contrary to the Real Estate Act Rules, and industry members who breach the Rules face strong sanctions, including suspension or cancellation of their authorization. All industry professionals – whether they ar... Read Full Post

CREB Talk, October 12 - What a difference a year makes in Calgary’s new home market last year, the rate of growth in new house prices peaked at a stunning 60.6 per cent year-over-year hike in August. On Thursday, Statistics Canada, in releasing its New Housing Price Index, said the Calgary Census Metropolitan Area recorded a more down-to-earth 6.1 per cent increase from August 2006 to August 2007 - behind the 6.5 per cent average increase for the country. The Calgary CMA includes the city, ... Read Full Post

North American & International Economic Highlights - It seems that Mr Dodge is not a fan of mortgage innovation. In recent comments he warned that they help overheat the Canadian real estate market. And who can blame him given the experience south of the border? In the eyes of many, the meltdown of the US subprime market has painted the mortgage market in black and white: Plain vanilla mortgages—good, all the rest—bad. It’s true that the surge in exotic mortgages since 2004 created ... Read Full Post

Best Times to Buy & Sell Real Estate! By Joe Samson, Calgary REALTOR® Properly timing the sale of your home could mean tens of thousands of extra dollars in your pockets. Real estate, like many industries has cyclical periods that could have serious effects on buyers and sellers. As strange as it may sound, you can approach the real estate market like a farmer would consider his activities. We can very easily identify the 4 seasons of spring, summer fall and winter in real estate. Lets u... Read Full Post

As Canada’s real estate market continues to defy popular predictions of a slowdown, privately-transacted sales are keeping pace as homeowners look for ways to pocket the fees usually collected by real estate agents. Many owners are now choosing to bypass real estate agents to sell their homes themselves in order to save the average six per cent commission most agents charge. On a $250,000 home, this can amount to $15,000, a hefty sum for most Canadians. Savvy buyers are also seeking out FSB... Read Full Post

MLS from record levels but remained strong in August 2007, according to statistics released by The Canadian Real Estate Association (CREA). Seasonally adjusted national MLS 29,717 units in August 2007, down 5.3 per cent from July when monthly sales hit the second highest level on record. While MLS markets, the national monthly decline was largely the result of fewer sales in August in Toronto, Montreal, Edmonton and Vancouver. The month-over-month decline in seasonally adjusted sales in Augus... Read Full Post

CBC News - The current housing boom is “unsustainable” because prices in 14 of 15 major Canadian markets are above their long-term trends, the Bank of Nova Scotia economics departmentsaid in a report Thursday.With the exception of St. John’s, N.L., price levels have risen above the historic rate ofincrease over a nine-year boom, the longest since the end of the Second World War. “There is growing evidence of overvaluation in home prices in some parts of thecountry,” the report said,... Read Full Post

ROMA LUCIW Globe and Mail Update Canada Figures from the 2006 census, released Wednesday by Statistics Canada, show that more than two-thirds - 68.4 per cent - of all Canadian households owned the place they lived in, the highest since this information was first collected in 1961. Willa Rea, a Statscan housing analyst, said the rate has climbed more sharply since 1996. “Low interest rates have been the main driving factor of home ownership,” she said, noting that mortgages have plummeted ... Read Full Post

By Joe Samson, Calgary REALTOR® I am sure that you’ve heard about the late night infomercial that claims to teach you everything you need to know to become a millionaire through flipping homes. It seems that everyone knows someone in the Calgary real estate market who has some experience in renovating and selling a house for a profit. Flipping a house consists of buying a home in need of repairs improve the home as quickly and financially most effective way as possible. The majority of fir... Read Full Post