Give and take

Calgary housing market to see more of the same in 2018, as sales activity holds steady and listings ease

In 2018, the Calgary housing market will face a new reality of slower growth amidst higher interest rates and more restrictive mortgage lending rules.

While that new reality should be moderated by a modest uptick in the still-recovering local economy – assuming continuation of the job growth and net migration recorded last year – CREB® anticipates flat sales and prices for resale product compared to 2017.

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Gateway to the west

New developments on Calgary’s western edge hope to raise the bar for active, outdoor living

Two major developments in Calgary’s northwest will soon solidify the area’s reputation as the gateway to Rocky Mountain recreation and winter adventure.

While the nearby Trans-Canada Highway will guide future residents towards mountain playgrounds in Canmore and Banff, the communities of Rowan Park and Medicine Hill will offer their own built-in recreational amenities.

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Real estate education

It’s the biggest investment we are ever likely to make, yet too often buying and selling a home comes with a bunch of misconceptions about making the most of that investment.

Len T. Wong, broker/owner of RE/MAX Len T. Wong and Associates, chalks these misconceptions up to a lack of information, rather than any fundamental misunderstandings about the buying and selling process. Providing that education to the client, he says, is the role of an experienced REALTOR®.

Here are the top five buying and selling misconceptions Wong has seen throughout his 25-year real estate career: (more…)

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