4302, 2280 68 Street N.E. Calgary

Thursday, March 21, 2019Norm Rousseauposted in Feature Property

New listing $205,000

Beautifully UPDATED TOP FLOOR CORNER UNIT! This immaculate 2 bedroom unit with numerous windows provides lots of natural light. Recent upgrades include vinyl plank flooring, paint, baseboards, stainless appliances, new kitchen & bathroom taps, new smoke and carbon monoxide detectors plus Hunter Douglas black out blinds in the living room and a water filtration system. The spacious master bedroom features a walk through closet & ensuite bath. Good sized 2nd bedroom & in-suite laundry & storage. You will enjoy the warm weather on your private covered deck! Titled under ground parking, This complex is well maintained with a great management company. Conveniently located close to shopping, restaurants and public transportation. Condo fee includes water, sewer, heat & electricity.

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Complete details:

https://matrix.crebtools.com/matrix/shared/vr8GsJCgnt/228068StreetNE

February 2019 Calgary Market Report

Thursday, March 14, 2019Norm Rousseauposted in General

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Housing market feels the chill as oversupply continues

Friday, March 8, 2019Norm Rousseauposted in General

City of Calgary, March 1, 2019 – The effects of Calgary’s economic climate continue to create weak sales activity and elevated inventory in the city’s housing market.

As a result, prices are being affected.

“It is not a surprise that slowing activity in the housing market has persisted into February,” said CREB® chief economist Ann-Marie Lurie.

“There has been no substantial change in the economic climate and concerns regarding potential layoffs in the energy sector are weighing on confidence.”

As of February, citywide benchmark prices were $414,400. This is nearly five per cent below last January, slightly lower than last month’s figures and over 10 per cent below highs recorded in 2014.

While the market remains oversupplied, slower sales and price declines do appear to be influencing sellers. New listings this month eased by eight per cent compared to last year for a total of 2,211 units. However, the 976 sales this month were not enough to substantially impact inventories levels, which remain elevated at 5,885 units.

Daylight saving time

Friday, March 8, 2019Norm Rousseauposted in General

Sunday March 10, 2019. Move your clocks ahead one hour.

Daylight-Savings

Ten per cent of Canadians no longer qualify for a mortgage with banks.

Friday, March 8, 2019Norm Rousseauposted in General

When a mortgage stress test was first unveiled in late 2017 by the Office of the Superintendent of Financial Institutions (OSFI), it was to support the goals of keeping future Canadian homeowners’ financial “heads above water” and preventing “loose” lending. Downward TrendAfter more than a year in play, it is now apparent that the stress test is causing more harm than good, effectively closing a door in the faces of first-time homebuyers. The time has come for policy-makers to consider how to incentivize homebuyers in Canada, not penalize them.

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