Blog by Lorraine Beale

weekly Statistics for August 11-17

August 20th, 2013
Calgary Weekly Real Estate Updates4119 homes for sale in metro Calgary2118 homes sold in the last 30 days1.94 months worth of inventory51% of the homes statistically to sell in the next 30 daysMarket Conditions: Aggressive SellersAverage List Price : $468,085Average Sale Price : $457,975Average days on market : 40...Average list to sale price ratio : 98%Buyers must be assertive and get out to ...
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CMHC

August 8th, 2013
http://www.thestar.com/business/real_estate/2013/08/06/new_cmhc_restrictions_could_impact_mortgage_rates.htmlCMHC has nearly run out of funds to insure mortgage so they are restricting access to this product at least for the rest of 2013.  The steps taken thus far by the federal government and mortgage regulators have been not slowed the housing market sufficiently and way to many mortgages a ...

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