Author: Calgary Home Trader

September 2021 Statistics

City of Calgary Monthly Statistics September 2021 Market Trend Summary Residential sales totalled 2,162 in September, nearing the record high for the month previously recorded in 2005. Further gains in new listings likely supported some of the sales growth that occurred this month. While sales activity in the fall tends to be slower than in […]

August 2021 Statistics

City of Calgary Monthly Statistics August 2021 Market Trend Summary Citywide sales in August reached 2,151 units, 37 per cent higher than last year and 25 per cent higher than long-term trends. Sales have slowed from the record-setting pace seen earlier this year, but on a year-to-date basis, the eight-month total of 19,516 sales is […]

New mortgage stress test rules

Canada’s new mortgage stress test rules which are set to come into effect June 1 2021 are going to make purchasing homes a bit harder for first-time homebuyers, according to several mortgage and housing policy experts. The new rules, coming into effect June 1 2021, ups the minimum qualifying rate, which is a gauge of […]