October 2022

FEDERAL BAN ON FOREIGN INVESTMENT IN CANADIAN REAL ESTATE

Posted on Oct 26, 2022 in Real Estate News



On June 23, 2022, the Canadian federal government passed the Prohibition on the purchase of residential property by non-Canadians Act. Coming into force January 1, 2023, this Act:

  • Does not apply to Canadian citizens and permanent residents.
  • Applies to non-Canadians directly or indirectly purchasing residential property in Canada for a period of two y...

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THE DEBATE ON FIXED VS VARIABLE RATES

Posted on Oct 25, 2022 in For Buyers



Prospective home buyers must make many decisions while shopping for a home. What neighbourhood to live in? How many bedrooms? How much should they spend? However, one of the most important yet overlooked decisions is what kind of interest rate to get: fixed or variable?

Most homebuyers are not overly familiar with mortgage lingo or the differences b...

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TOP REASONS TO INVEST IN CALGARY

Posted on Oct 22, 2022 in All About Calgary



Calgary has long been a hidden gem for investors, offering incredible value for the dollar. Now, our fair city is finally seeing a huge boom in investment. Here are some of the top reasons to invest in Calgary's real estate sector:

AFFORDABILITY

Calgary is one of the most affordable places for real estate in the major cities in Canada, allowing inves...

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CALGARY'S REAL ESTATE DISTRICTS

Posted on Oct 04, 2022 in All About Calgary



Whether you're new to Calgary or considering moving here in the near future, getting familiar with the districts and neighbourhoods in the area is essential to finding the ideal home in the community that suits your lifestyle. To start, we can sum up how the city is laid out with two simple facts:

1. From an addressing perspective, the city is split...

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OCTOBER 2022 MARKET UPDATE

Posted on Oct 03, 2022 in Market Updates



Demand shifting to more affordable options - Strong sales for condominium apartment and row properties was not enough to offset declines reported for other property types. This caused city sales to ease by nearly 12 per cent compared to last year.

However, with 1,901 sales in September, activity is still far stronger than levels achieved prior to th...

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