April 2021

NOW IS THE TIME TO SECURE RATES

Posted on Apr 29, 2021 in For Buyers



As you have likely heard, fixed rates are on the rise! If you are looking to buy a new property, or your current mortgage is up for renewal in the next 2 years, now is the time to secure rates. Since our fixed rates in Canada are directly tied to the Bond market and with government forecasts, we expect we could see fixed rates close to 2.5-2.75% by...

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CALGARY Q1 2021 MARKET UPDATE

Posted on Apr 20, 2021 in Market Updates



CREB, April 2021
- The economic challenges associated with COVID-19 brought about a dramatic rate cut from the Bank of Canada and an even more significant drop in the discount rates for mortgages. The low-interest-rate environment, combined with pent-up demand and increased savings among those who remained employed throughout the pandemic, is suppo...

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HISTORICALLY LOW INTEREST RATES

Posted on Apr 06, 2021 in For Buyers



Although interest rates have been quite low for some time now,
the onset of COVID-19 led the Bank of Canada to reduce the overnight rate 3 times in March, which, along with falling bond yields, jumpstarted falling mortgage interest rates.
“Best available” 5-year fixed rates fell from 2.44% in March 2020 to a low of just 1.39% in February 2021. In re...

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WHY IS THE MARKET BOOMING?

Posted on Apr 05, 2021 in Real Estate News



After experiencing a lull in the market following the pandemic's start almost a year ago,
we are now seeing record-breaking sales and seller’s market conditions nearly across the board. Historically, boom times for Calgary real estate occur when we have large amounts of in-migration coupled with strong local economic conditions - neither of which w...

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APRIL 2021 MARKET UPDATE

Posted on Apr 01, 2021 in Market Updates



Calgary Housing Market Sees Best March Sales in Over a Decade!
- The initial impact of COVID-19 on the housing market began last March. One year later, it is not a surprise that March sales in 2021 were higher than in 2020. However, at 2,903 sales, this was the highest March total since 2007. “Low lending rates and improved savings have supported s...

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