Entries Tagged as 'Calgary Real Estate News' for 2012


The most up-to-date real estate news from Calgary, Alberta and Canada can be only be found on the best place for housing market updates: CalgaryRealEstate.ca!

Skyscraper to Add to Calgary’s Lofty Status

Brookfield Properties It looks like Calgary’s bragging rights of having western Canada’s tallest skyscraper in its metropolitan area will remain intact for at least a few more years. Brookfield Office Properties Inc. announced plans to construct a complex in the …(Skyscraper to Add to Calgary’s Lofty Status continued…)

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Investment Tip of the week – Downtown Calgary Condo

1111 6 Ave SW This 19th floor, Tarjan pointe condo might be a great investment for some one that works downtown Calgary or for investment property. Average price for one bedroom condo, in the same building is around $240,000. This …(Investment Tip of the week – Downtown Calgary Condo continued…)

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Five Signs the Real Estate Market is Improving in Calgary

growing economy In the wake of financial shockwaves that rocked the world economy in recent years, Canada is currently enjoying relative stability in a number of sectors including real estate. Accounting firm PriceWaterhouseCoopers is predicting that consistency across the country …(Five Signs the Real Estate Market is Improving in Calgary continued…)

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Positive Outlook for Calgary Real Estate Market

Calgary Bright Future  by David Tsegai Calgary Realtors reported 1,372 transactions through the Calgary MLS system in the first 26 days of September. In comparison to last year, sales are up by 12%. The average selling price for the period of September 1 – …(Positive Outlook for Calgary Real Estate Market continued…)

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Investment Tip of the Week – 221 Coverdale Road NE

221 Coverdale Road NE This detached single family property located in Coventry Hills, close to schools, parks, and shopping is surely great investment opportunity. Get in on Calgary’s rising market before it is too late. With over 2000 square feet …(Investment Tip of the Week – 221 Coverdale Road NE continued…)

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Investment Tip Of The Week – 13 SUNHAVEN LI SE

13 Sunhaven Li SE This spacious (1646 sqft) detached bungalow in a calm family neighbourhood is priced to sell! For $432,900 you get four bedrooms, living room, kitchen, dining room, family room, 3 full bathrooms, and large west facing backyard.

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Calgary Stampede Celebrates 100th Anniversary

Calgary Stampede As usual, Calgary is becoming the cowboy capital of the world in July. For ten days and nights, from the 5th to 15th, the Stampede will take you back in history. Even more, the 100th Stampede promises even …(Calgary Stampede Celebrates 100th Anniversary continued…)

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The Opportunities and Risks That Come With Buying Former Grow-Ops

Possible Gain by Quinn Dombrowski Risky investments yield higher possible gains. That’s one of the basic principles that applies to buying former grow-ops. The question associated with grow-ops is, “Where’s the line between uncomfortable and dangerous?” There’s an active public …(The Opportunities and Risks That Come With Buying Former Grow-Ops continued…)

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How Does the European Bailout Affect the Canadian Real Estate?

Canadian Flag by Kevin Timothy Europe seems to be sinking deeper and deeper into crisis and those who were pretty optimistic at the beginning have already started to lose hope. The old continent used to have it all. What exactly …(How Does the European Bailout Affect the Canadian Real Estate? continued…)

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Three quarters of Albertans are in debt!

Three Quarters by Jim Kuhn Leading North American financial institution CIBC published a new Debt Poll on Monday. Conducted by Harris/Decima, the poll revealed that 72 per cent of Canadians are in debt. However, almost 49 per cent made at …(Three quarters of Albertans are in debt! continued…)

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Sustainable Buildings in Calgary

Green Calgary by Wikimedia Commons When it comes to the implementation of green technology in the process of constructing new buildings, Calgary is the Canadian trailblazer. The city was the first jurisdiction in the country to adopt a sustainable building …(Sustainable Buildings in Calgary continued…)

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The Battle With Homeowners Associations

Calgary House by Bill Longstaff Congratulations! You’ve just bought a new house in a great neighbourhood and you’re ready to move in. A signed contract together with all the necessary documents is resting in your briefcase. Is there anything that …(The Battle With Homeowners Associations continued…)

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Canadians Must Be Diligent When Purchasing Hawaii Real Estate

Hawaii House by Savageblackout For many Canadians, the opportunity to invest in Hawaii real estate is the perfect mixture of business with pleasure. Although Hawaii is not known as a strong short-term cash flow market, its reputation as a stalwart …(Canadians Must Be Diligent When Purchasing Hawaii Real Estate continued…)

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Canadian Banks Are Among World’s 10 Strongest

Calgary Bank of Montreal by Jasonwoodhead23 Bloomberg Markets Magazine has recently released its annual list of the world’s strongest banks. Overall it was great news for Canada as four Canadian banks ranked in the top 10 and another two in …(Canadian Banks Are Among World’s 10 Strongest continued…)

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Buying a Cottage in Alberta

Dream Cottage by Robert Moore So you have finally decided to buy your dream cottage — a place with a relaxing environment. The bad news is that according to the latest statistics, the starting price for a standard recreational property …(Buying a Cottage in Alberta continued…)

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Investment Tip of the Week – 28 Pensacola CL SE

28 Pensacola CL SE This detached single family property located in Penbrooke Meadows, close to schools, eateries, caffes and shopping is surely great investment opportunity. Get in on Calgary’s rising market prices and watch your investment flourish. Over 1189 square …(Investment Tip of the Week – 28 Pensacola CL SE continued…)

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Optimism Continues to Fuel Calgary’s Economic Growth

Calgary by FaceMePLS Colliers International reports that Calgary’s downtown office market steadily fuels the city’s economic growth. The first quarter of 2012 marks Calgary’s tenth straight quarter of positive absorption, as 866,351 square feet were absorbed. The overall vacancy rate …(Optimism Continues to Fuel Calgary’s Economic Growth continued…)

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Home Price Gains in Calgary Slower Than in Other Cities

Calgary Skyline by Rich Moffitt Although the Calgary real estate market offers one of the best conditions for investments, it has been unable to retain any major spike in resales last year. According to the Royal Bank of Canada’s (RBC) …(Home Price Gains in Calgary Slower Than in Other Cities continued…)

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Mortgage Rates – 20th Week of 2012

Source:RateSuperMarket.ca In the last week, there were no changes to the mortgage qualifying rate of the Bank of Canada (BoC). In the term of the fixed lowest mortgage rates, there was only one slight increase for the one-year term, where …(Mortgage Rates – 20th Week of 2012 continued…)

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Should You Rent or Sell Your Home?

Home by Jon Ross The real estate market situation can significantly change in a relatively short period of time and many homeowners who are unable to sell their properties at a price deemed acceptable for them choose to rent their …(Should You Rent or Sell Your Home? continued…)

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Investment Tip of the Week – 130 New Brighton Close SE

130 New Brighton Close SE FORECLOSURE – What a fantastic little two storey on a great location! Needs only modest painting and is in great condition. A superb family floor plan features a maple kitchen, bright sunny nook, spacious family …(Investment Tip of the Week – 130 New Brighton Close SE continued…)

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Meet Some of the Canadian Billionaires

Money by Nick Ares This year’s title of the richest man in the world according to the list of billionaires published annually by Forbes is held by Carlos Slim from Mexico. Every year, a number of Canadian business people appear …(Meet Some of the Canadian Billionaires continued…)

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Mortgage Rates – 19th Week of 2012

Source: RateSuperMarket.ca Last week, the mortgage qualifying rate of the Bank of Canada (BoC) reached 5.44 per cent with a prime rate at 3.00 per cent. This meant a minor increase from the trend observed last month. The mortgage market …(Mortgage Rates – 19th Week of 2012 continued…)

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To Rent or To Buy, That is the Question

House in Calgary by Bill Longstaff Home ownership is one of the safest investments. It grants decent returns; however, there are several situations in which it’s smarter to choose the cheaper and safer alternative: renting. Even though interest rates are …(To Rent or To Buy, That is the Question continued…)

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Investment Tip of the Week – 759 Panorama Hills Drive NW

759 Panorama Hills Drive NW If you are still looking for a single family house in the popular neighbourhood of Panorama Hills, here’s another tip for you. The layout of this home is great. Formal dining room, main floor family …(Investment Tip of the Week – 759 Panorama Hills Drive NW continued…)

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Meanwhile, Inequality Is Rising

Paying Bills by Anthony Inequality in today’s society is often identified as one of the direct consequences of globalization. The gap between rich and poor in many countries around the world continues to widen, which often breeds resentment among the …(Meanwhile, Inequality Is Rising continued…)

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Calgary Housing Market Stats for April 2012

Calgary Skyline by Brendan Bell Calgary REALTORS® reported 2,204 existing home sales through the Calgary MLS® system in April 2012. This was an increase of  22 per cent compared to April 2011 when sales were 1752. Existing home sales have …(Calgary Housing Market Stats for April 2012 continued…)

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Investment Tip of the Week – 827 McKenzie Drive SE

827 McKenzie Drive SE If you are still waiting for the one-time offer, here it comes. 1092 square feet, three bedroom bungalow on McKenzie Drive SE is offered for only $269,900. Comfortable living area with bay window, spacious sit-down kitchen …(Investment Tip of the Week – 827 McKenzie Drive SE continued…)

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Top Seven Books for Real Estate Investors

Napoleon Hill: Think and Grow Rich Knowledge is the key to success in almost every profession, and real estate investing is no exception. Even though many real estate investors prefer to learn how to invest from their older colleagues, there …(Top Seven Books for Real Estate Investors continued…)

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Who Will Take Steps to Control Household Debt?

Bank of Canada by Wikimedia Commons The government and The Bank of Canada have been warning Canadians of the dangers of taking on too much debt, particularly through mortgages, at a time of historically low interest rates and high housing …(Who Will Take Steps to Control Household Debt? continued…)

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Investment Tip of the Week – 4305 60 Panatella ST NW

4305 60 Panatella ST NW Opportunity knocks! 900 square feet, two bedrooms, 4-piece bathroom with in-suite laundry in the desirable community of Panorama Hills. Open style concept with nice sized nook/eating area and maple kitchen with raised breakfast bar. Good-sized …(Investment Tip of the Week – 4305 60 Panatella ST NW continued…)

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Investment Tip of the Week – 170 PANAMOUNT RI NW

170 PANAMOUNT RI NW Exterior Front Great open floor plan that includes a living room, dining room, kitchen, nook and laundry room on the main floor. Hardwood flooring in hallway dining room, kitchen and nook. Upper level has four bedrooms, …(Investment Tip of the Week – 170 PANAMOUNT RI NW continued…)

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Mortgage Rates – 15th Week of 2012

Source: RateSuperMarket.ca Last week, the mortgage qualifying rate of Bank of Canada stayed on the same 5.29 per cent level as the week before last week. In the closed mortgage market of Alberta, the fixed mortgage rates slightly increased for …(Mortgage Rates – 15th Week of 2012 continued…)

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To Buy or Not to Buy?

Money Bills by Will Keightley The resilience of the Canadian housing market is continually a great surprise. Real estate prices in the country follow the very opposite pattern as the rest of the world and continue to reach new records. …(To Buy or Not to Buy? continued…)

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Investment Tip of the Week – 1727 54 Street SE

Exterior Front Here is your chance to live in one of the newest, most luxurious and affordable condominiums in Penbrooke! This specific suite “The Palermo” has over 500 square feet. A bachelor suite with one full bathroom. “The Palermo” offers …(Investment Tip of the Week – 1727 54 Street SE continued…)

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The US Subprime Crisis: Why History will Not Repeat Itself in Canada

Calgary by Brian According to the Economist, Canada’s homes are 21 per cent overvalued, while TD Bank warned that overvaluation ranges from 10 to 15 per cent. Despite the different numbers, economists agree that the real estate market is vulnerable …(The US Subprime Crisis: Why History will Not Repeat Itself in Canada continued…)

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Does an Abundance of Choices Make Us Happy?

Abudance of Choices by Zak Greant Imagine you’re looking for a new house. There are plenty of realtors willing to help you, and you can take your pick of them. They will offer you houses (probably a lot of houses) …(Does an Abundance of Choices Make Us Happy? continued…)

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Investment Tip of the Week – 211 Panamount Hill NW

211 Panamount Hill NW Here’s the best priced deal you’ve been waiting for. Spacious size, southwest backyard, five minutes walking distance to major shopping centre, superstore, movie theater, banks, cradle place, library, schools, and public transit hub (including express route …(Investment Tip of the Week – 211 Panamount Hill NW continued…)

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Mortgage Rates – 12th Week of 2012

Source: RateSuperMarket.ca The Canada Mortgage and Housing Corporation (CMHC), clearly concerned about Canada’s housing market, warned that it would try to rein in the explosive growth of its insured mortgage portfolio in the coming years. CMHC grew by $170 billion …(Mortgage Rates – 12th Week of 2012 continued…)

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Property Insurance: Think Twice!

Calgary Red House by Bill Longstaff For most homeowners, their homes are their life savings — the biggest financial investment in their lives. Living in their homes for years can contribute to the false belief that nothing can happen to …(Property Insurance: Think Twice! continued…)

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Mortgage Rates – 11th Week of 2012

Source: RateSuperMarket.ca and RateHub.ca New mortgage regulations are needed. Canada’s real estate market and consumer debt levels have risen to unsustainable levels, and unless new mortgage regulations are introduced, a sharp correction in both would be disastrous for the economy, …(Mortgage Rates – 11th Week of 2012 continued…)

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Calgary vs. Toronto: Who Wins in the Housing Field?

Real Estate Sales in Toronto and Calgary in February If Calgary and Toronto met in a housing battle, who do you think would end up as the winner: Toronto, with a strong market including extreme condo demand, or Calgary, a …(Calgary vs. Toronto: Who Wins in the Housing Field? continued…)

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Investment Tip of the Week – Rental Property for Sale

Rental Property for Sale Front Immaculate, deluxe, sxs duplex with two self contained walk-out illegal suites!!! Originaly built as a 4-plex, 4 furnaces and 4 newer hot water tanks. Large bilevel windows in the lower suites plus bonus walk-outs from …(Investment Tip of the Week – Rental Property for Sale continued…)

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Mortgage Rates – 10th Week of 2012

Source: RateSuperMarket.ca The Bank of Canada has once again decided to maintain its target for the overnight rate at 1 per cent, believing that the combination of interest rates near historic lows and the financial system functioning well is a …(Mortgage Rates – 10th Week of 2012 continued…)

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Mortgage Rates – 9th Week of 2012

Source: RateSuperMarket.ca According to HSBC’s chief economist, the wars in the Canadian mortgage market that have surged over the past month have subsided. “Last year Canadian banks presented solid results, primarily thanks to their strong retail banking businesses and growth …(Mortgage Rates – 9th Week of 2012 continued…)

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Investment Tip Of The Week – 345 Mckenzie Towne Drive SE

345 Mckenzie Towne Drive SE Front Another gem for investors priced to sell! This two story detached single family house was built in 2007. As a former grow op it is priced at only $345,900. The floor space spreads 1786 …(Investment Tip Of The Week – 345 Mckenzie Towne Drive SE continued…)

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Mortgage Rates – 8th Week of 2012

Mortgage Rates 8th Week Source: Rate SuperMarket.ca and RateHub.ca The governor of the Bank of Canada, Mark Carney, admitted that low interest rates over a prolonged period can cloud financial judgments and encourage borrowers to borrow too much and for …(Mortgage Rates – 8th Week of 2012 continued…)

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Low Interest Rates as a Trap

Trap by Wikimedia Commons   On January 20th, 2009, the Bank of Canada announced that it was decreasing its target for the overnight rate from 1.5 per cent to 1 per cent. The announcements of the intention to maintain the …(Low Interest Rates as a Trap continued…)

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Calgary Housing Market Stats for January 2012

Calgary Winter Skyline by Brendan Bel In January 2012, Calgary Realtors reported 1080 sales through the Calgary MLS® system. Sales are down by 1% compared to the 1093 sales reported during the same period in 2011. The average selling price …(Calgary Housing Market Stats for January 2012 continued…)

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Mortgage Rates – 7th Week of 2012

Source: RateSuperMarket.ca There has been no change in the list of best mortgage rates since last week. The extremely low rates at the beginning of this year increased somewhat, and they have now stabilized. They remain low. The Financial Post …(Mortgage Rates – 7th Week of 2012 continued…)

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Investment Tip Of The Week – 260 Taralake Terrace NE

260 TARALAKE Terrace NE If you are into real investment opportunities, here is something for you. This residential two storey detached 2006-built family house is a former grow-op with all pros and cons coming in the package. Property is being …(Investment Tip Of The Week – 260 Taralake Terrace NE continued…)

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The First Rule of the Game: Privatizing Profits, Socializing Losses

Joseph Stiglitz by World Economic Forum Joseph Stiglitz, Columbia University professor and Nobel laureate, made the phrase, “Privatize profits; socialize losses,” popular after he used it in an interview with CNBC. However, he isn’t the one who invented it. The …(The First Rule of the Game: Privatizing Profits, Socializing Losses continued…)

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Should Albertans Brace For the Wrath of the Have-Nots?

Alberta by Hugh Lee Alberta Finance Minister Ron Liepert warned that the province should be prepared for billions in revenue from the province’s oil sands that will lead to tensions in relations with other provinces. “I don’t think any of …(Should Albertans Brace For the Wrath of the Have-Nots? continued…)

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Investment tip Of The Week – 149 Copperstone Circle SE

149 COPPERSTONE Circle SE Incredible opportunity to get into you first family home or purchase an investment property in an excellent family neighbourhood! Located in the highly sought after SE community of Copperfield, this three bedroom 2007-built detached family home …(Investment tip Of The Week – 149 Copperstone Circle SE continued…)

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Mortgage Rates – 6th Week of 2012

Source: RateSuperMarket.ca TD and RBC prematurely withdrew their offers for ultra-low mortgage rates. Toronto-Dominion Bank, Canada’s second-largest bank, increased its special four-year closed fixed rate mortgage by 40 basis points and its five-year closed mortgage by ten basis points, and …(Mortgage Rates – 6th Week of 2012 continued…)

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Mortgage Rates – 5th Week of 2012

Source: RateSuperMarket.ca After the Bank of Montreal (BMO) offered a five-year fixed rate of 2.99 per cent, the lowest five-year rate in modern Canadian history, this week’s rate grew and the lowest five-year mortgage was offered by Dominion Lending Centres. …(Mortgage Rates – 5th Week of 2012 continued…)

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Calgary and Alberta Real Estate Market in 2011

Calgary by Kevin Saff 2011 started with a few signals of improvement in real estate market. The condo market, which was impeded and stagnating at its bottom a year ago, began to pop back up, mainly thanks to a planned …(Calgary and Alberta Real Estate Market in 2011 continued…)

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Mortgage Rates – 3rd Week of 2012

Prime and Qualifying Rate 3rd week of 2012 Source: RateSuperMarket.ca The Bank of Canada left its overnight rate target of 1 per cent unchanged for the 16th consecutive month. Mark Carney, BoC governor, said that although interest rates remain unaltered, …(Mortgage Rates – 3rd Week of 2012 continued…)

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Investment Tip of the Week – 106 – 635 57 Avenue SW

106 635 57 Avenue SW INVESTORS ALERT THE BELGRAVIA BUILDING. This is the deal of the year so far and the best price in Windsor Park. Across from Chinook Mall, this 500 sq.ft 1 bedroom apartment is a steal at …(Investment Tip of the Week – 106 – 635 57 Avenue SW continued…)

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Renting vs. Buying: What to Choose?

Calgary Neighborhood by Justin Scott Campbell Buying own home – who doesn’t dream about that? However, after financial crisis more and more people reconsider their dreams and realize that renting has advantages that are worth of giving up the own-home-dream …(Renting vs. Buying: What to Choose? continued…)

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Calgary Housing Market Stable in December

 Houses by DArcy Norman   For the month of December, new listings for single family homes fell 41% for the month, and are down 1% for the year. Average price also fell 5% over last month but year over year …(Calgary Housing Market Stable in December continued…)

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Investment Tip Of The Week – 304 Douglas Glen BV SE

304 Douglas Glen BV SE Come and view this diamond in the rough. Just a little bit of polishing to make this gem shine once again. This two storey 1996 home boasts over 1900 sq. ft. of finished area above …(Investment Tip Of The Week – 304 Douglas Glen BV SE continued…)

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Phoenix Phenomenon: Will It Occur Everywhere?

House in a Bubble by Bill Harrison Steven Jon Kaplan’s prediction about one of the worst housing bubble scenarios is among the most radical of the dozens that have been published on the Internet lately. Looking at the Phoenix example, …(Phoenix Phenomenon: Will It Occur Everywhere? continued…)

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Investment Tip Of The Week – 1029 KINCORA Drive NW

1029 KINCORA Drive NW Super clean Kincora! This 2000+ square feet, two storey, 2005-built house has hardwood throughout main floor, vaulted living room with contemporary beams and fireplace. Kitchen offers cabinets to ceiling, cozy office with french doors. For $ …(Investment Tip Of The Week – 1029 KINCORA Drive NW continued…)

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Mortgage Rates – 1st Week, 2012

Source: RateSuperMarket.ca Only one change occurred in the table: the one-year lowest closed fixed mortgage rate decreased. The prime rate and qualifying rate remained at their stable levels — 3.00 per cent and 5.29 per cent, respectively. According to a …(Mortgage Rates – 1st Week, 2012 continued…)

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Calgary’s Prospects Support Housing Market

Frosty Calgary by Kenton Smith The hot growth mecca, as Calgary was described by a forecast in Emerging Trends in Real Estate 2012, attracts investments and new migrants seeking work. Its stable prices are an opportunity for buyers in the …(Calgary’s Prospects Support Housing Market continued…)

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Investment Tip Of The Week – 1800 14A Street SW

1800 14A Street SW This top floor unit in low-rise apartment building in Bankview is a loft that features two bedrooms and two bathrooms. Spacious 2001-built loft with 1000 SqFt. opens up to a private rooftop patio that features downtown …(Investment Tip Of The Week – 1800 14A Street SW continued…)

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