May 2013

Found 2 blog entries for May 2013.

The residential real estate market in the local area continues to be the most active and lucrative in the country, according to the latest statistics released. Annual sales continue to rise, as does the price of the average Calgary home. There were over 3000 real estate transactions during the month of April, a substantial increase from this time last year (over 10%). When compared to the entire country as a whole, Calgary is bucking the trend as overall sales in Canada actually went down last month (about 3%).

A lot of it boils down to the same factors that are being experienced throughout Alberta - employment and immigration. No matter what way you break it down, these are the primary contributers to the growth of the market. There aren't many places

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Young homebuyers in Alberta are finding the process a bit tougher than they imagined. TD Canada Trust just released a new study this past Tuesday. It shows that potential homebuyers in this group were more likely to note that saving for that down payment is challenging and that property prices are uncomfortably high.

The study looked at several age groups, including the Millennials, otherwise known as Generation Y. They found that housing prices, saving for that down payment and lower salaries were more of an issue for that generation than the Boomers.

But TD Canada Trust’s Sales Manager and Mobile Mortgage Specialist Cheryl Tackalberry noted that home ownership is possible. The initial impression is that it is a daunting proposition but if young

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