February 2014

Found 3 blog entries for February 2014.

An RRSP account is your retirement nest egg, an untouchable egg if you will. Funds go in but they should not come out until retirement. That’s the point. But, there is one exception to this hard-fast rule. Taking advantage of the Home Buyers’ Plan, if done wisely, should not induce the slightest built of guilt about tapping into those funds.  In the last 22 years over 2.5 million homeowners have used this plan to make down payments on their homes, in full or in part. In today’s home market the “in part” help is much more common.

   

The Home Buyers’ Plan allows you to pull up to $25,000 from your RRSP to use towards the down payment on a home. You must be a first time buyer or you must not have owned a home within the last five years. The money

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The freezing temperatures that have been hanging around Calgary have done little to cool that city’s housing market. Despite the bone chilling weather, prospective buyers put on their mukluks and toques, hopped, well maybe not hopped, into their cars and went house hunting. The result was a 17 percent increase in MLS home sales this past January, compared to January the prior year. Looking at the condominium market alone, the increase for the time period was 33 percent. Single family homes edged up 11 percent, an increase figure not seen since January of 2008.

It wasn’t only the sales volume that was heating up. Prices were in sizzle territory as well. Single family homes saw a 5 percent increase January to January with the average unit coming

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Sales in Calgary’s luxury home market for 2013 went through the roof. The city showed a 34 percent increase in sales over 2012, a close second to Vancouver which came in at 36 percent. Considering that Vancouver has been Canada’s most expensive market for several years now, that’s quite an achievement. Those in the know expect that sales in the Calgary market for 2014 may even top that performance.

The Re/Max Upper End Report, just released, is highly optimistic about luxury home sales not only in Calgary but in 16 other Canadian metropolitan areas, of which 75 percent saw gains in luxury home market sales. Eight of those markets saw gains of more than 10 percent.

As already mentioned, Greater Vancouver took the top spot with a 36 percent increase, with…
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