Sales gains for homes priced above $600,000 offset declines at the lower end of the market, resulting in October sales that were similar to last year. The 2,174 sales in October increased over September and stood 24 per cent above long-term trends for the month.

“Housing demand has stayed relatively strong in our market as we move into the fourth quarter, with October sales rising over last month,” said Ann-Marie Lurie, Chief Economist at CREB®. “However, activity would likely have been stronger if more supply choices existed for lower-priced homes. Supply levels in our market are improving relative to the ultra-low levels experienced last year, but much of the gains have been driven by higher-priced units for each property…

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*Article Courtesy From The Bank Of Canada

Link here , article copied below


The Bank of Canada today reduced its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%. The Bank is continuing its policy of balance sheet normalization.

The Bank continues to expect the global economy to expand at a rate of about 3% over the next two years. Growth in the United States is now expected to be stronger than previously forecast while the outlook for China remains subdued. Growth in the euro area has been soft but should recover modestly next year. Inflation in advanced economies has declined in recent months, and is now around central bank targets. Global financial conditions have eased since July, in part…

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Congratulations to our buyers!

We are so excited for you to begin your new journey as homeowners! We can't wait for you to get settled in and begin this next chapter in your life!

If You Are Looking To Buy Or Sell ...
Give us a call, we would love to help!
403-681-0319

#justsold #happyclients #carstairs  #peshketeam #peshkerealestateteam #maxwellcapitalrealty

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Imagine you’re shopping for a new home and come across a listing that seems ideal. It’s in a great neighbourhood. It has all the characteristics on your “musthave” list. You can see yourself living there.

However, there are a couple of serious maintenance issues that are likely to need attention within the next year or two. For example, the roof shingles need replacing or the wiring needs to be updated.

Those fixes are going to be expensive. Does that mean you should take a pass on making an offer?

Not necessarily. While it’s nice to buy a home that is move-in ready (or close to it), it can be advantageous to purchase a property that needs some repairs and upgrades.

Depending on market conditions, a home with such issues may be priced…

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Congratulations to our buyer! We are so excited for you as you become a first time homeowner! We are so grateful we were able to share in the excitement with you! We wish you all the best in the years to come in your beautiful new home! If You Are Looking To Buy Or Sell ... Give us a call, we would love to help! 403-681-0319 #justsold #happyclients #macewanglen #yycrealtor #calgary #peshketeam #peshkerealestateteam #maxwellcapitalrealty

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The federal government has introduced a new mortgage refinancing initiative aimed at supporting homeowners in expanding their living spaces, such as converting basements or garages into rental units.

Scheduled to launch in January 2025, this insured refinancing option aims to facilitate the creation of rental properties, assisting homeowners in coping with increasing mortgage expenses. A previous version of this program was available until 2016 but was discontinued to stabilize the housing market. With housing shortages now a pressing issue, this initiative is being reinstated, offering homeowners opportunities to add rental accommodations and potentially augment their income.


To learn more, click here to see full article released from the…

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It's Wednesday! Time is flying , and it is that time of year to start preparing for the dreaded 'w' word.

Check out our Fall Checklist and feel free to add any of your personal favs to the chat!

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