Calgary Housing Market In A “Sweet Spot” For Millennials

Much of the following article about the Calgary Housing Market has been borrowed from Tim Querebgesser’s article for the Globe and Mail. The city’s “new normal,” according the Calgary Real Estate Board, is a market muted by the still recovering provincial economy in which federal mortgage rules have stunted the buying power for peak millennials by roughly $40,000. But…

Will Changes in Canadian Mortgage Rules Mean Many Prospective Home Buyers Will Be Continuing To Rent?

As of January 1st, 2018, Canadian Mortgage Rules changed to require applicants to pass a stress test to prove that they could cope with a 2% interest rate increase before being approved. That means that prospective home buyers may have to settle for a less-expensive home or, as Erica Alini from Global News suggests, up to 50% of aspiring home…

Drummer Slogan Contest Rules

Drummer Realty Slogan Contest Rules and Policies: To be eligible, contestants must be 18 years of age or older, must be a Canadian resident, and consent to having their picture taken with the prize at Drummer Realty & Property Management’s offices and be able to claim the prize in person. Travel expenses are not billable to Drummer Realty & Property…

CBRE Reports Calgary Apartment Vacancy Rate Falling

This is adapted from Mario Toneguzzi’s article which you can find here. According to real estate services and investment firm CBRE, Calgary’s vacancy rates are finally dropping. Thus far, we’ve only seen a decrease of 0.7%, but progress is progress. Multi–family homes also saw a massive increase towards the end of 2017; an increase of 69% compared to…