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Stories Tagged - gregory klump
Oct. 26, 2016 | Marty Hope
Stress test
Getting into your "ideal" home might be more difficult following the introduction of new federal regulations pertaining to insured mortgages.
Under new regulations introduced this week, all mortgages must be "stress-tested" at the posted rate instead of negotiated rates that have recently been around 2.5 per cent.
Previously, only mortgages with a term less than five years, as well as any variable-rate mortgages, had to qualify at the benchmark rate.
Aug. 26, 2016 | Mario Toneguzzi
Surprise, surprise
It has been an interesting year for the Calgary real estate market considering the city's economy is still struggling due to ongoing uncertainty in the energy sector.
According to CREB®, year-to-date, until the end of July, MLS® sales of 10,952 were down 10.1 per cent compared with the same period a year ago. New listings of 21,191 were off by 2.23 per cent, but active listings of 5,847 were up by 9.64 per cent.
The average MLS sales price of $479,597 increased by 1.2 per cent. However, the benchmark price was down 3.68 per cent to $443,386.
Some housing and business experts were asked what has been the most surprising thing this year about the Calgary real estate market. Here are their responses:
Aug. 15, 2016 | CREBNow
National homes sales post third consecutive decline
Prices exhibit resilience, record biggest gain since 2006
National home sales declined for a third consecutive month in July, according to statistics released today by the Canadian Real Estate Association (CREA).
The number of homes trading hands via Canadian MLS® Systems fell by 1.3 per cent month-over-month in July 2016. With similar monthly declines having been posted in May and June, national sales activity in July came in 3.9 per cent below the record set in April 2016. (Chart A)
Sales activity was down from the previous month in slightly more than half of all markets in July, led by Greater Vancouver and B.C.'s Fraser Valley. Transactions in these two markets peaked in February of this year, and have since then dropped by 21.5 and 28.8 percent respectively.
