New research reveals what makes condos sell

Construction and design features matter more to buyers than price or age of properties, engineering researchers find

New research reveals what makes condos sellPhysical features such as construction materials, interior finishes and air conditioning are better determinants of how well a condo sells than price or building age, according to a University of Alberta study looking to pinpoint design-related features that increase the probability of a condo’s sale. “We’re trying to provide a framework through which builders can evaluate…

5 Tips to Increase the Resale Value of Your Home

Creating a space that is a reflection of your tastes and personalities may take some time, but it’s important to plan early, especially when taking into account getting a return on your investment.

5 Tips to Increase the Resale Value of Your HomeSponsored Content: One of my favourite quotes is “leave it better than you found it”. This saying certainly rings true with a new home purchase and will inspire a multitude of possibilities for renovations, upgrades and minor changes that you can make to your home. Creating a space that is a reflection of your tastes…

Calgary and Edmonton housing most affordable

RBC Economics’ data showed that both Alberta cities had much lower shares of income that a household would need to cover ownership costs

Calgary and Edmonton housing most affordableCalgary and Edmonton continue to be the most affordable housing markets for major Canadian cities. In its first quarter report, Housing Trends and Affordability, RBC Economics’ data showed that both Alberta cities had much lower shares of income that a household would need to cover ownership costs. For Calgary the percentage was 38.1 per cent…

Investment in building construction plunges in Canada

Investment in building construction plunged 45.9 per cent to $8.4 billion in April compared with the previous month, says StatsCan

Investment in building construction plunges in CanadaInvestment in building construction plunged 45.9 per cent to $8.4 billion in April compared with the previous month, reported Statistics Canada on Monday. Previously, the largest national decline on record for the current series (which dates back to 2010) was a 3.9 per cent decrease in August 2017, said the federal agency. “Both the residential…

Canadians eager to get back to buying and selling homes

Almost half (44 per cent) of Canadians believe that the real estate market will bounce back to the strength it was before COVID-19 by 2021

Canadians eager to get back to buying and selling homesA new survey says 56 per cent of Canadians who are planning to engage in the real estate market expect to do so in less than a year, showing an eagerness to get back to buying and selling, reported RE/MAX Canada on Tuesday. The survey, conducted by Leger, found: Almost half (44 per cent) of…

Canadian MLS sales see record rebound in May from April

But the May 2020 sales figure was still the lowest level for that month since the mid-1990s, says real estate association

Canadian MLS sales see record rebound in May from AprilHome sales recorded over Canadian MLS systems rebounded by a record 56.9 per cent in May although, that is as a percentage of the weakest month of April on record, reported the Canadian Real Estate Association on Monday. "As such, the May gain constituted a return of only a third of the activity lost between…

June MLS sales follow trend of year-over-year decline

As of June 7, the first week of the month has experienced 300 MLS sales which has dropped by 32.89 per cent compared to the same period a year ago

June MLS sales follow trend of year-over-year declineThe pace of activity in Calgary's resale housing market has picked up in June but transactions remain significantly down from a year ago. According to the Calgary Real Estate Board website, as of June 7, the first week of the month has experienced 300 MLS sales which has dropped by 32.89 per cent compared to…

Alberta moves to build a better real estate regulator

Real Estate Amendment Act, 2020 will restructure and refocus RECA with a mandate on licensing and regulating Alberta’s real estate sector

Alberta moves to build a better real estate regulatorThe Government of Alberta announced Wednesday it is strengthening the governance of the Real Estate Council of Alberta (RECA) after an independent report cited major concerns with the regulator. If passed, the Real Estate Amendment Act, 2020, will restructure and refocus RECA with a mandate on licensing and regulating Alberta’s real estate sector. These amendments are…

Mounting rent problems for small business owners

"Workable rent relief is make or break for over half of the small businesses we surveyed and governments need to make this a top priority yesterday"

Mounting rent problems for small business ownersA new survey by the Canadian Federation of Independent Business indicates 12 per cent of businesses are already considering bankruptcy or winding down and anxiety for many small businesses remains high as they head into a third month of severely reduced revenues and no rent relief. The CFIB said many businesses report the Canada Emergency…

Calgary average home prices have plunged by close to $28,000

The monetary value was the sixth highest in Canada as the company compared average home prices across 20 major markets in the country

Calgary average home prices have plunged by close to $28,000A report released Friday by online real estate platform Zoocasa says average home prices in Calgary have plunged by $27,960, or six per cent, between April and February. The monetary value was the sixth highest in Canada as the company compared average home prices across 20 major markets in the country to get a snapshot…
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