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December 2013

Found 2 blog entries for December 2013.

Calgary Real Estate News

Read all about it! Don’t miss the most important events in Calgary real estate news for the week of December 15 - 21, 2013. Compliments of the Calgary Home Team.

Critics Decry Alberta's New Home Warranty, Calgary Herald

Critics are outraged at new home warranty regulations approved by cabinet this week because they say the regulations do more to limit claims by new home and condo owners than to protect them. The regulations for the New Home Buyer Protection Act begin in February and consist mostly of exclusions and limits to claims.

The regulations set the minimum level of coverage at $265,000 for homes and $130,000 for condos, while coverage for common property in condominiums and multi-family dwellings is capped at $3.3 million. Critics argue

2,737 Views, 8 Comments

Calgary real estate report for November, 2013 is positive, after five straight months of increases.

Here are some of the highlights:

  • Residential sales up 19% from November 2012, with sales totalling 1,730 units
  • Year-to-date sales total 22,322 units
  • 1,823 new listings in November remains 12% higher than the same time last year
  • The benchmark price for single-family homes was $470,600 compared to $433,600 in 2012
  • The benchmark price for condos was $279,600, compared to $248,000 in 2012

Home prices are on the rise and it's possible that new home buyers are getting off the fence and taking the step towards purchasing, especially while lending rates are favourable.

CREB® President Becky Walters suggests, “Many first-time home buyers appear

1,161 Views, 0 Comments