June 2021

Calgary rental market struggles with high vacancy, but improvement is on the horizon

Posted on Jun 16, 2021

The COVID-19 vaccine rollout, a rosier economy and the opening of post-secondary institutions to in-person classes could all improve Calgary’s residential rental vacancy rate by as early as this fall.

That’s the prediction of industry watchers for a rental market that currently sits at a vacancy high of 6.6 per cent, although steady average monthly...

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Five tips for keeping your home cool without air conditioning this summer

Posted on Jun 16, 2021

It’s only June, but Calgarians have already gotten a taste of the 30-degree temperatures usually reserved for the peak summer days of July and August. This summer could be a hot one, and it’ll feel even hotter if, like many Calgarians, your home doesn’t have air conditioning.

Here are five tips for keeping your home cool without A/C this summer:

1) C...

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Latest stress test changes reduce buying power, impact first-time and move-up home purchasers in Calgary

Posted on Jun 09, 2021

Recent changes to the mortgage stress test designed to cool down hot housing markets across the country may make it more difficult for some Albertans to purchase a home.

Since the changes came into effect on June 1, the minimum qualifying rate for uninsured mortgages (i.e., residential mortgages with a down payment of 20 per cent or more) has been t...

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May 2021: inventory rises, but sellers’ market conditions persist

Posted on Jun 09, 2021

With 2,989 sales, housing market activity hit a new May record.

Despite strong levels of sales, they did trend down relative to last month. Additionally, there were 4,562 new listings, causing seasonally adjusted inventory levels to increase over last month.

“The recent gains in prices have encouraged more homeowners to list their homes and take adva...

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