Copy

July 2018 Update                            
                       
Tina, Tammy (our younger sister), and I flew to Vancouver for a quick visit as Tammy lives in Moose Jaw and we don't get to see her as often as we'd like. After a 5 hour bike tour & walking over 80km in 4 days, we needed a break when we got back home. 
- Tania
Vegan street pudding was one of our great foodie finds! We ate at some incredible restaurants in Vancouver - thanks in part to our awsome & delicious Gastronomic Gastown Tour A special mention also has to go out to MeeT. We ate there twice as it was AMAZING. Mmm...
- Tina

July Give Away - a Paver Stone Walkway!
by Shacoma Stone & Deck

Every month in 2018 as part our Best My Nest Home ownership Program, CIR REALTY will be giving away 12 months of prizes from 12 of our Best My Nest Partners, all focused on making your home a better and more beautiful place to live in.

There will be a new draw every month so be sure to enter monthly!

Enter the contest by visiting www.taniaking.com and clicking on the image. The winner of each month’s prize will be contacted the first week of the next month. You must be an Alberta resident and live within the service area of the company providing the prize (Calgary and surrounding areas).  Congrats to Todd Kusler, June's winner! 

Current Listings
This updated 4 bedroom bungalow in Vista Heights with double detached garage and RV parking is now available!  429,900
Located in Country Hills, this 3B 2B townhouse has a developed basement and 2 titled parking stalls. 290,0000
REDUCED - Located in Evanston, this top floor 2B unit has vaulted ceilings and a single car attached garage. 250,000
REDUCED BY 20K! Located in MacEwan, fantastic entry price for a 3 bedroom 2 bathroom detached home. 315,000

Weak Sales Persist in Calgary and Beyond


CREB, City of Calgary, July 3, 2018 –

Many Canadian energy-related municipalities within Alberta and Saskatchewan have seen housing markets struggle over the past few years, resulting in price declines.

The recent mortgage rule changes and higher lending rates are factors weighing on demand and prices across some of those areas.

"While our economy is no longer in a recession, persistently high unemployment rates, concerns over long-term growth, rising lending costs and stricter qualifications are all weighing on the housing demand," said CREB® chief economist Ann-Marie Lurie.

"Growth in new listings is starting to ease for some property types, but it is not enough to prevent continued supply growth and, ultimately, an oversupplied housing market."

Weak sales activity in Calgary continued into June, as residential sales for the month totaled 1,896 units. This is 11 per cent below last year and 12 per cent below long-term averages. New listings continued to rise, with further inventory gains and months of supply now at 4.7 months.

High inventories in comparison to sales have generated more widespread buyers' market conditions, causing downward pressure on prices. The city-wide benchmark price in June totaled $436,500. This is just below last month and 1.13 per cent below last year's levels.

The detached segment of the market accounts for over 60 per cent of overall sales activity and makes up over 54 per cent of the inventory, with 4,817 units as of June. While sales have fallen and inventory has been rising across most price ranges, inventory levels for homes priced under $500,000 remain well below peak levels.

"In any market it's extremely important to be well-informed, whether it's about the process to get pre-approved for a mortgage or having the most up-to-date information about the prices in the community you are buying or selling in," said CREB® president Tom Westcott.
Dedicated to putting our experience and local knowledge to work for you - let our perseverance and commitment help you with your real estate dreams!
- Tania & Tina
Share
Tweet
Forward
Copyright © 2018, Tania King Real Estate Team, All rights reserved.

Our mailing address is:
CIR REALTY
#144, 1935 32 Avenue N.E.
Calgary, AB, T2E 7C8
 
Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.

 






This email was sent to <<Email Address>>
why did I get this?    unsubscribe from this list    update subscription preferences
CIR REALTY · #144, 1935 32 Avenue N.E. · Calgary, Ab T2E 7C8 · Canada

Email Marketing Powered by Mailchimp