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Category: Market Updates

What the Changes to the Mortgage Rules Mean for You

For some, owning a house is the number one indicator they are a successful adult. For others, owning a house is the last hurdle before having a family. However, the new changes to the mortgage rules could make buying a home more difficult than ever. RISING DEBT MEANS TIGHTER MORTGAGE RULES Policymakers have created these […]

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Detached versus higher-density segments: two very different stories in August

Overall sales activity was down again in August, totalling 1,567. However, this figure does not reflect the big differences in activity between the detached sector, versus the high density apartment and attached segments of the market. “While overall sales have eased for detached homes, so too has the amount of new listings on the market […]

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How is Edmonton’s Rental Market Doing?

Being fully aware of rental market trends in a given area can be essential to ensuring your investment property continues to be valuable. Mountain Park Real Estate can provide superior guidance in this respect thanks to our extensive industry experience. Such experience is crucial when dealing with market challenges, such as those currently existing in […]

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How is Calgary’s Rental Market Doing?

With both the amount of vacancies as well as monthly rental rates rising in Calgary, securing the right property management company is more important than ever to ensure you get the most out of your investment. Fortunately, Mountain Park Real Estate has the experience required to address the many challenges of property management, including filling […]

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Bank of Canada – Rate Watch

Last Wednesday, the Bank of Canada announced that they would not be adjusting their prime lending rate and that the prime lending rate would remain at 3%. This will have a direct impact on any variable rate mortgage(s), secured line(s) of credit, or personal line(s) of credit that you may have. CPI (Consumer Price Index) inflation […]

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Calgary’s Housing Market Continues To Climb

Calgary’s real estate market is currently in a positive trend regarding overall property purchase numbers, with record setting sales amounts and prices filling a strong first quarter of 2014. Multiple factors can be attributed to the high demand, low supply market, although the key three factors driving the trend are economic stability, high migration rates […]

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Calgary is the Perfect Place to Develop and Invest in Real Estate

Supply vs Demand One issue facing Calgary’s housing and rental market is the fact that in the current environment, demand far outstrips supply. It is not unusual for a single property, even in an “undesirable” location, to attract multiple bids at, or even sometimes above, listing price. This can be attributed to the high median […]

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High Demand Dictates Increased Calgary Housing Market

Current Situation Low availability of housing in Calgary, paired with high demand for ownership, continue to push new and previously owned housing prices upwards, and create a high pressure market. While there is a solid trend towards small property ownership, with nearly 20% of current 2014 purchased being condominiums or townhouses, the housing market demand […]

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