June Parker, Realtor

07/16/2019

CALGARY — Economists at TD Bank say they are looking at upgrading their Alberta growth expectations for 2019 as signs point to a more robust than expected recovery from the effects of extreme heavy oil price weakness in late 2018. The bank suggested in a forecast in June that the province's econom...

03/06/2019

The Bank of Canada is leaving its key interest rate unchanged and is pointing to increased uncertainty about the timing of future rate hikes following the economy's abrupt deceleration in late 2018.

02/23/2019

The tide could be turning in Calgary’s housing market. That’s one key takeaway from a recent report from Canada Mortgage and Housing Corp.The federal agency published its quarterly Housing Market A…

02/07/2019

https://www.bloomberg.com/news/articles/2019-02-05/canada-regulator-opens-door-to-easing-mortgage-stress-tests

Canada’s banking regulator defended tougher mortgage underwriting rules blamed recently for a slump in the nation’s housing market, but left open the possibility that regulations could ease if conditions change.

07/27/2018

Calgary’s housing glut is beginning to diminish, according to new data confirming the city has reached yet another marker on the road to economic recovery.

07/19/2018

CMHC is giving lenders more guidance and flexibility on determining whether a self-employed person qualifies for a mortgage

04/03/2018

Excerpts from CREB's March 2018 reporting. (Calary Real Estate Board)

"Economic conditions are slowly improving, but it has not been enough to outpace the current impact of higher lending rates and more stringent conditions," said CREB® chief economist Ann-Marie Lurie.
"We are entering the most active quarters in the housing market with more inventory, which could create some price fluctuations. However, the improving economy is expected to prevent overall prices from slipping by significant amounts."

"The market today is better than what we experienced at the peak of the recession," said CREB® president Tom Westcott.
"You can find good value if you're looking to buy a home, and you can also get good value if you're selling. Being well-informed, in any economic condition, is the key, because there are differences in the market depending on what type of property it is and where it is located.
Spring will have more inventory than last year, slowing progress on price recovery. However, the amount of price adjustment will vary depending on competing supply by location and product type.

03/23/2018

Whether you're signing a new mortgage, up for renewal or refinancing, there's a simple rule of thumb to estimate how much you can afford to borrow.

03/01/2018

Calgary's record high downtown office vacancy rates may be nearing an end, according to commercial real estate services and investment firm CBRE Limited.

02/28/2018

Home upgrades come in different shapes and sizes. Converting an extra bedroom into a home office may be just as satisfying as installing motion sensor lights, but neither one adds significant value to your home. If you want to add real resale value to your home, don't waste your money doing these.

01/08/2018

A glut of condominiums in Calgary has helped drag down the assessed value of condos for 2018, even as single-family house values rebounded. As the City of Calgary mailed out assessment notices…

12/24/2017

Wishing everyone a Merry Christmas, and best of the holiday season. May 2018 bring Peace, Health to you and your family and much happiness.