REAL ESTATE NEWS

BANK OF CANADA ANNOUNCES ANOTHER RATE HIKE

Posted on Jan 25, 2023 in Real Estate News



The Bank of Canada has started the 2023 market off with a bang by announcing its eighth consecutive variable rate increase in ten months
. The 25 basis point hike isn't exactly a surprise, but this decision means the central bank's trendsetting rate is now sitting at 4.5% as the Bank of Canada continues its fight to curb inflation. The announcement...

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IS YOUR HOME AT RISK FOR RADON?

Posted on Jan 19, 2023 in Real Estate News



As we shared back in 2017, the University of Calgary's Cumming School of Medicine released a study about dangerous levels of radon gas in Calgary and Southern Alberta homes. The study proved that by Health Canada's standards, one in eight Calgary homes exceeds what is considered "acceptable" (200 Becquerel per cubic meter) radon levels.

In 2019, an...

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TAX ASSESSMENT TOO HIGH?

Posted on Jan 17, 2023 in Real Estate News



It’s that time of year again! Over half a million property assessments have been mailed out to Calgary homeowners this month, ultimately providing them with the value that will be used to assess their upcoming property taxes. For some, the assessment may be confusing or seem incorrect. Thoroughly reviewing and understanding your residential propert...

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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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MOVING TOWARD NET ZERO HOMES

Posted on Aug 31, 2022 in Real Estate News



WHAT IS NET ZERO?


Net Zero [noun]
net-ze·ro | \ ˈnet-ˈzē-(ˌ)rō

:: A target of completely negating the amount of greenhouse gasses produced by human activity, to be achieved by reducing emissions and implementing methods of absorbing emissions (like excess carbon dioxide) from the atmosphere.

CALGARY’S GOAL: NET ZERO BY 2050

In November 2021, Calgary de...

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WHAT RISING INTEREST RATES MEAN FOR YOU

Posted on Aug 05, 2022 in Real Estate News



If you follow the housing or economic markets, or if you are affected personally by the recent interest rate hike, you've heard the Bank of Canada raised its key lending rate by a full 1% or 100 basis points last month. While most experts predicted a 0.75% increase, the 1% jump shocked many.

The bank made the biggest one-time increase to the benchma...

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