December 2016

November Sales Slide into Old Patters!

November was the first full month with CMHC’s new lending rules in effect.  As suspected the gains in last month’s sales were temporary.  Stringent conditions for borrowers are converging with the current economic climate and weighing on demand.  While supply levels eased in November the decline in sales resulted in a slight rise in months’ supply which caused the benchmark prices to reduce even further.

Again it can’t be overstated how important it is for housing consumers to keep asking questions and drilling down on what’s happening in their specific area to make good real estate decisions in any market.

The detached benchmark price for November is $498,300 a decrease of 3.36 % year-over-year. The

We JUST SOLD this Amazing Home in the Northwest Calgary in community of Sage Hill.

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Sage Hill Real Estate, we JUST SOLD 15 Sage Berry Road NW, Calgary Alberta. Calgary Real Estate. Outstanding 1970 sq ft 2 storey shows pride of ownership from the moment you arrive. Step inside follow the hardwood floors past the flex room, enter the open concept sun soaked living space w/9 ft ceilings. The kitchen features rich stained cabinetry, sleek granite counters, stainless steel appliances, corner pantry & huge centre island with flush eating bar. The adjoining dining area overlooks the back yard w/a garden door that leads out to your west facing deck, fully fenced landscaped