Last night I was doing a CMA for a seller and was checking out the current actives in the building (the competition). One of the listings was just in horrible shape: - there was no neighbourhood selected (so presumably it was not showing up on realtor searches for the neighbourhood). - there were
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06/21/2008
I recently had another example of the importance of buyers doing a condo document review before a firm purchase of a condo.I was representing a young couple in their 20s in the purchase of their first home - they were looking for a starter condo. They found a little gem and their offer was accept
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06/21/2008
It looks like the trend to a more balanced market continues. Solds are up and inventories are coming down. You can say you heard it here first - 2 weeks before you will read about it in the Herald. June 21, 2008 Current Listings Sold in Last 30 Days Absorption Rate (?) Single family (SF) Houses 7
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06/21/2008
So what does everyone think of the new Fintrac requirements to take effect in a matter of days? http://www.realtorlink.ca/content/fintrac/record_keeping.htm They seem pretty basic to me. I am waiting for direction from my Broker as to exactly how he interprets the rules and what the brokerage's
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06/20/2008
I love this website: http://calgaryrealestatemarketblog.wordpress.com/ He has some really cool examinations and opinions on real estate trends in Alberta. If you have an interest in the finer points of real estate market trends then I think you will find it very interesting. I think it is the bes
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06/20/2008
The Fraser Institute recently released it's take on Alberta Schools based on 2006-07 provincial testing results. You can look up any school by name in their database and see it's report card. It's a great tool for checking on neighbourhoods you are considering moving to. Look up an Elementary Sch
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06/20/2008
It's been announced that Jaume Plensa, arguably the world's most renowned living public sculpture artist has been chosen to create a work for the Encana Bow Tower currently under construction on 6 Ave downtown. The tower will be the tallest building in western Canada when it is complete. The f
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06/16/2008
An interesting little article in the Herald today. The Stampede is proposing an extnsion of 17 Ave across the LRT tracks into the road system of the Stampede grounds. Full article: http://www.canada.com/calgaryherald/news/story.html?id=f35bea4f-df2c-4a64-a498-50a5c567ea25 I could see that eventua
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06/15/2008
CMHC published their Spring 2008 Rental Market Report on June 5. The overall vacancy rate in Calgary in April 2008 is 2.0%, compared to 0.5% in April 2007. The breakdown: Bachelor: 2.6% 1-Bedroom: 1.8% 2-bedroom: 2.2% Average rents April 2007: bachelor:$608 1-bedroom:$848 2-bedroom:$1008 3+
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06/15/2008
It looks like the Calgary market has turned the corner, inventory is coming down now. The 3rd week of May appears to have been the high water mark for Absorption Rate and inventories. Knock on wood. June 14, 2008 Current Listings Sold in Last 30 Days Absorption Rate (?) Single family (SF) Houses
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06/15/2008
