Pammi Brar
RE/MAX Real Estate (Mountain View)
401,9650 HARVEST HILLS BLVD.NE, Calgary, Alberta
P: 403-247-5178 F: 403-247-5301
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RE/MAX Real Estate (Mountain View)
401,9650 HARVEST HILLS BLVD.NE, Calgary, Alberta
P: 403-247-5178 F: 403-247-5301
Thursday, April 30, 2009 - Calgary home prices drop steepest in Canada - Calgary Herald
Calgary led the country in February with the steepest decline in house prices, according to a national report released Wednesday. The Teranet-National Bank National Composite House Price Index said Calgary house prices fell by 8.1 per cent year-over-year followed by Vancouver at 6.4 per cent and Toronto at five per cent. The national composite price drop was 4.1 per cent. Calgary also recorded the biggest drop from peak prices. In the city, house prices have fallen by 12 per cent from the Au ...
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posted in News
at Thu, 30 Apr 2009 08:23:00 -0600
Wednesday, April 29, 2009 - New Listing - C3376027
Just added this listing: "Best Price! Nice and clean 3 bedroom bungalow with 2 bedroom self contained suite (illegal non-confo..."
posted in Listings
at Wed, 29 Apr 2009 06:00:00 -0600
Tuesday, April 28, 2009 - Canada's resale housing sector created 202,000 jobs from '06 to '08, report says - Calgary Herald
The resale housing industry in Canada generated more than 202,000 jobs and an average of $22.3 billion annually in various economic spinoffs in the period from 2006 and 2008, according to a study prepared for the Canadian Real Estate Association by Altus Clayton. The report says each residential MLS transaction generated an average of $46,400 in additional consumer spending in the period from 2006 to 2008. This included the purchase of furniture and appliances, moving costs, renovations, serv ...
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posted in News
at Tue, 28 Apr 2009 09:26:53 -0600
Tuesday, April 28, 2009 - Just Sold - C3371048
Just sold this listing: "Nice and clean very well kept home! This 1280 sq foot + home features main floor living room, dining..."
posted in Listings
at Tue, 28 Apr 2009 06:00:00 -0600
Monday, April 27, 2009 - Calgary needs innovation, not imitation - Calgary Herald
The following is the second of a four-part series on the City of Calgary’s Plan It proposal. Lastweek, we looked at Calgary’s planning history. Thisweek, we will look at why Calgary needs a newplan. Photos, Calgary Herald ArchiveTourists on Cypress Mountain on the north shore viewthe downtown core of Vancouver, B.C. Ithink it is pretty safe to say that much less than one per cent of Calgarians (in other words, 10,000 people) will read the 300plus page Plan It document from cover t ...
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posted in News
at Mon, 27 Apr 2009 09:18:33 -0600
Monday, April 27, 2009 - You?re in driver?s seat - Calgary Herald
The following is some advice for potential homeowners from Trevor Gloyn of Canada Mortgage and Housing Corp. on questions from editor Barb Livingstone: Calgary Herald ArchiveTrevor Gloyn of Canada Mortage and Housing Corp. Question: When was the last time interest rates were this low in Canada? Answer: Lenders are providing fiveyear fixed mortgages at around four per cent, while short term variable mortgage rates are being offered just below the five-year rate. In previous periods of economi ...
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at Mon, 27 Apr 2009 09:16:34 -0600
Monday, April 27, 2009 - CHOICE: Buy within means - Calgary Herald
Prices generally peaked mid2007 and have generally been softer since. Question: What are the five top tips CMHC would give a homebuyer, in this market, when they are looking to buy? Answer: The time to buy or sell a home is a matter of personal choice. What are your needs? What are your plans for years to come? What is your financial situation? There is no single answer and each individual can have different motivations and needs. But here are some general tips (these are not in any partic ...
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posted in News
at Mon, 27 Apr 2009 09:14:14 -0600
Monday, April 27, 2009 - Sense rather than cents - Calgary Herald
Expert’s tips on variable versus fixed mortgage Traditionally, the most important consideration in choosing a fixed or variable mortgage has beenwhich strategywould save the most money. Kaz Ehara, Canwest News ServiceFinance Prof. Moshe Milevsky of York University is also executive director of the Individual Finance and Insurance Decisions Centre. But that might no longer be the case: Choosing a type of mortgage and term todaymay come down towhat makes sense for the individual homeowner ...
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posted in News
at Mon, 27 Apr 2009 09:12:52 -0600
Monday, April 27, 2009 - Beltline market shows resilience
Calgary’s popular Beltline neighbourhood, just south of downtown, is the only area in the city to experience a positive absorption rate in office space so far this year. A first-quarter report by Avison Young Commercial Real Estate in Calgary said three office buildings are under construction in the Beltline containing more than half a million square feet with 92 per cent of the space pre-leased. Absorption in the office market refers to the change in occupied space from one period to t ...
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posted in News
at Mon, 27 Apr 2009 09:01:49 -0600
Monday, April 27, 2009 - Warranty program protects buyers - Calgary Herald
Every Thing From Deposits To Structural Problems Whether you know it or not, when you decide to build a new home, there's more to it than just picking a community, picking a floor plan you like and deciding on price. When you sign on the dotted line with a builder, it marks the start of a personal relationship that could last a decade. To get the most out of the relationship, make sure the builder is a member of a reputable warranty program and is also a member of the Canadian Home Builders' ...
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at Mon, 27 Apr 2009 08:54:29 -0600
Monday, April 27, 2009 - Federal tax breaks to help purchasers - Calgary Herald
Buying your first home is one of the largest investments of your life. The economic action plan introduced in the recent federal budget includes the First-Time Home Buyers' (FTHB) Tax Credit and the expansion of the Home Buyers' Plan (HBP), providing potential homebuyers with additional benefits and helping them realize their dream of home ownership. Here's an outline of the changes from Canada Mortgage and Housing Corp.: - First-Time Home Buyers' (FTHB) Tax Credit: The costs associated with ...
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posted in News
at Mon, 27 Apr 2009 08:52:26 -0600
Thursday, April 23, 2009 - Home equity insulates Canadians - Calgary Herald
Mortgage market faces fewer risks than in U.S. Risks to the Canadian residential mortgage market are much l ower t han in the United States, says a national report released Wednesday by the Canadian Association of Accredited Mortgage Professionals. Based on current housing market forecasts, the outstanding volume of residential mortgage credit is forecast to expand by close to $70 billion in both 2009 and 2010, growing at a rate of 7.6 per cent this year and seven per cent in 2010, said the re ...
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posted in News
at Thu, 23 Apr 2009 08:06:26 -0600
Tuesday, April 21, 2009 - New Listing - C3374763
Just added this listing: "Absolutely stunning! Largest bi-level in Whitehorn. Main floor is 1500 sq.ft., huge family room with 6 skylites, lots of large windows, backs onto city park with beautiful view and large mature trees. Fully developed basement, with very big recreation room featuring a wet bar and brick faced gas fireplace, 2 extra bedrooms, for a total of 5 bedrooms, 2 1/2 baths, 24x22 rear attached garage. Close to transit, schools and mall. Must be seen to be appreciated!"
posted in Listings
at Tue, 21 Apr 2009 06:00:00 -0600
Monday, April 20, 2009 - Recession puzzle tackled - Calgary Herald
Bank of Canada in unfamiliar policy waters The Bank of Canada will be sailing into uncharted waters this week, when it is expected to hold interest rates at a historic low of 0.5 per cent but will unveil a list of possible other steps it could take to stimulate the slumping economy. Here are the key factors weighing on the bank’s decisions: Recession: Carney must decide whether the lagged effects of past rate cuts and fiscal stimulus are enough to turn the economy around as expected in ...
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posted in News
at Mon, 20 Apr 2009 08:22:05 -0600
Monday, April 20, 2009 - Rates favour purchasers -Calgary Herald
Question: Given advantageous mortgage rates, is this a good time to buy for homebuyers? Answer: Anyone thinking of purchasing at this time should consider a few important factors. Know your reason to purchase. If it’s for a place to live, then make sure you can comfortably meet the payments and the property has what you will need in terms of neighbourhood, square footage and the home’s features. The recent decrease in values means you can buy a much larger house for the same money ...
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posted in News
at Mon, 20 Apr 2009 08:18:42 -0600
Monday, April 20, 2009 - THERE?S NO PLACE LIKE A GREEN HOME - Calgary Herlad
Top tips to make the most of your home and garden, with Mother Earth in mind LISA KADANE You’ve heard it all before: Recycle your bottles and cans. Change your furnace filter regularly. Turn off the lights when you leave a room. Chances are, you’ve made some of those small changes in your home. Why? Because small is not only beautiful, it’s manageable and realistic for busy families. When you “act locally,” in the comfort of your own abode, you also save money an ...
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posted in News
at Mon, 20 Apr 2009 08:17:06 -0600
Monday, April 20, 2009 - Home affordability crunch eases - Calgary Herald
Buyer strains still above historical norm A home i n Calgary has become a bit more affordable, according to a report released Thursday by RBC Economics. That’s attributed to a declining housing market along with a slumping provincial economy since the fall, the report says. “Alberta’s affordability conditions have been improving since mid-2007 and continued to do so in the fourth quarter of 2008,” said Robert Hogue, senior economist at RBC. The RBC affordability measu ...
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posted in News
at Mon, 20 Apr 2009 08:09:35 -0600
Monday, April 20, 2009 - Resale housing market shows signs of a thaw - Calgary Herald
Calgary prices, sales up from February levels The residential resale market showed signs of life again in March, both nationally and at a local level. Calgary Herald ArchiveThe average price of a resale home in Calgary edged up in March to $372,114 from $370,198 in February. According to data released Wednesday by the Canadian Real Estate Association, average sale prices and sales increased last month in Calgary from February levels, but remained down compared with a year ago. The average re ...
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posted in News
at Mon, 20 Apr 2009 08:07:05 -0600
Wednesday, April 15, 2009 - New Listing - C3374062
Just added this listing: "This immaculate and inviting 3 bedroom 2 bath home is ready to move into today. Features include all new paint, carpet, bathroom fixtures and updated appliances. The living room has a very open feel thanks to the home's vaulted ceiling. The master bedroom features a walk-in closet. The downstairs bedroom is even larger than the master and features his and her closets. A 2nd bathroom and den add to the convenience for the entire family. You will never have to worry abou ...
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posted in Listings
at Wed, 15 Apr 2009 06:00:00 -0600
Tuesday, April 14, 2009 - Home ownership affordable - Calgary Herald
First-time buyers boosting resale housing market First-time buyers are helping kick-start a sputtering resale real estate market, thanks to some contributing factors, say those in the know. Calgary Herald ArchiveLow interest rates are helping boost sales of condominiums. The low interest rates and other government incentives have helped first-time buyers get into home ownership, says Lai Sing Louie, senior market analyst with Canada Mortgage and Housing Corp. “There are incentives for ...
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posted in News
at Tue, 14 Apr 2009 09:17:23 -0600
Tuesday, April 14, 2009 - ABCs of mortgages help homeowners save money - Calgary Herald
Whittle down amortization period One of the least-known secrets among new homebuyers, in particular, is the huge effect the amortization period of your mortgage has on the interest you will pay during its lifetime. “The key is still to pay it off as soon as you can, within reason,” says Adrian Mastracci, president and portfolio manager with KCM Wealth Management in Vancouver. “Get the monkey off your back in 10 or 15 years, then focus the rest of the time on getting your ret ...
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posted in News
at Tue, 14 Apr 2009 09:15:38 -0600
Tuesday, April 14, 2009 - Expert has tips to get you into a new home - Calgary Herald
Mortgage advice for purchasers B Scott Lygo STEVE AND SCOTT’S BUYING TIPS: Steve and Scott Lygo feel they got a great deal at a great mortgage rate. They’ve heard the stories from their parents of when mortgage rates were 18 per cent and higher 20 years ago, so “we know we’re really lucky,” says Steve. “They gave us an idea of what we were looking at now and down the road.” The twins’ tips for others looking to buy are: ? Have a discussion with y ...
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posted in News
at Tue, 14 Apr 2009 09:13:54 -0600
Tuesday, April 14, 2009 - Sales growth seen as positive sign - Calgary Herald
Although reluctant to say the resale housing market is in recovery mode, the city’s real estate industry is, nonetheless, packing up the resuscitation equipment. Last month’s gains in both sales and prices of homes sold through the Calgary Real Estate Board were the first signs that residential real estate was, perhaps, returning to a more balanced market — and that means a more positive prognosis for the future, says board president Bonnie Wegerich. “It’s still ...
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posted in News
at Tue, 14 Apr 2009 09:11:55 -0600
Tuesday, April 14, 2009 - Consumer interest drives housing industry changes - Calgary Herald
Builders and consumers are both making adjustments to the way they are dealing with the economic downturn and the hesitancy in buying homes. Calgary Herald ArchiveDespite high consumer interest, buyer hesitation due to the economy is stalling the building process. Builders are adjusting their product lines and prices. “People are reluctant to buy right now,” says Dave Hooge, general manager of Stepper Custom Homes. “They’re worried about their jobs, the stock market de ...
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at Tue, 14 Apr 2009 09:10:35 -0600
Tuesday, April 14, 2009 - Getting ready for spring - Calgary Herald
Take advantage of warm days to prepare your garden L Cleanup and clipping: ike speeding through a small town, spring in Calgary flashes past too fast. Some years, we seem to go directly from winter into summer. This spring, take advantage of any warmth to get outdoors and begin the annual rite of “getting ready.” All the work culminates in planting, which can begin in late April for pansies, mid-May for hardened perennials and the last week of May for most plants, including the h ...
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posted in News
at Tue, 14 Apr 2009 09:08:17 -0600
Tuesday, April 14, 2009 - Our real estate price obsession Dramatic ups and downs have many Calgarians riveted to real estate
It has become a national obsession. And just like sports aficionados who keep a daily count of the number of goals and assists hockey players such as Jarome Iginla tally, homeowners and potential buyers are well aware of what the prices of single-family homes and condominiums are doing on a daily basis, particularly in the local real estate market. "Even 10 years ago, the obsession was not about our home prices, because we knew it was a good long-term investment," says Don Campbell, president ...
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posted in News
at Tue, 14 Apr 2009 08:58:34 -0600
Wednesday, April 8, 2009 - New home inventories ?worrisome? - Calgary Herald
During Canada’s housing boom, which ran from about 2002 to 2008, unsustainable price increases drove unsustainable levels of building, says a special report released Tuesday by TD Economics. Kevin Lorenzi, BloombergWith Alberta’s economy set to contract this year “home building has likely not yet bottomed,” says a TD report. House prices exceeded the value of housing that was justified by fundamentals by about nine per cent nationwide. “ This overpricing compell ...
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posted in News
at Wed, 08 Apr 2009 09:21:58 -0600
Wednesday, April 8, 2009 - Dream Within Reach - Calgary Herald
Record low interest rates. Dropping house prices. Buyer incentives. It is officially a buyers' market--but how do consumers take advantage of this opportunity? Today, the Herald starts a six-week series called Your New Home. Turn to pages I7 to I10 for more buyer profiles and tips on how you can get the most from this market. And look for more information in the New Homes section each Saturday through May 9. It's the all-Canadian dream: A little house in the suburbs with a sparkling white pick ...
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posted in News
at Wed, 08 Apr 2009 09:17:52 -0600
Wednesday, April 8, 2009 - Housing boom created unsustainable price jumps in Calgary, Canada: Report - Calgary Herald
During Canada’s housing boom which ran from 2002 to 2008, unsustainable price increases drove unsustainable levels of building, says a special report released today by TD Economics. House prices exceeded the value of housing that was justified by fundamentals by about nine per cent nationwide. “This overpricing compelled a level of residential construction that exceeded its fundamentally-justified level by approximately 12 per cent, an excess that was exaggerated in the past three ...
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posted in News
at Wed, 08 Apr 2009 09:16:32 -0600
Wednesday, April 8, 2009 - Calgary real estate prices continue decline in Q1 '09: Survey - Calgary Herald
Calgary residential real estate prices continued to decline in the first quarter of this year, according to the quarterly House Price Survey released today by Royal LePage Real Estate Services Ltd. The real estate firm said the price of a detached bungalow in the city dropped by 11.5 per cent from a year ago to $391,833. The average price for a standard two-storey home fell by 12.4 per cent to $390,689 and the price for a standard condominium dropped by 12.8 per cent to $245,756. The average ...
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posted in News
at Wed, 08 Apr 2009 09:15:32 -0600
Wednesday, April 8, 2009 - Calgary CMA sees precipitous drop in housing starts - Calgary Herald
Total housing starts in the Calgary census metropolitan area fell by a staggering 90 per cent in March compared with a year ago, according to data released today by Canada Mortgage and Housing Corp. The CMHC said housing starts last month were 297 units. They were 3,068 units in March 2008. Through one quarter of this year, total housing starts have reached 746 units, about 4,000 units lower than year-to-date production in 2008 — or a decline of 84 per cent. “Last year in March, ...
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posted in News
at Wed, 08 Apr 2009 09:14:14 -0600
Thursday, April 2, 2009 - Calgary housing market picks up as buyers tiptoe back into market - Calgary Herald
Calgary's housing market picked up in March, with both MLS sales and average house prices for single-family homes and condominiums rising from the previous month's levels. With house prices stabilizing in the past few months, low mortgage rates and still a high selection of properties for sale, more homebuyers entered the resale housing market last month compared with the dismal months of February, January and December. Homebuyers such as Kristen Hulsman and her husband Devon who purchased a ...
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posted in News
at Thu, 02 Apr 2009 08:23:29 -0600
Thursday, April 2, 2009 - CALGARY REAL ESTATE MARKET SLOWLY SHAKING OFF ITS WINTER BLUES - CREB Talk
Calgary, April 1, 2009 – MLS® sales activity of single family Calgary metro homes was 1,086 in the month of March 2009 showing an increase of 32 per cent from 825 sales in February 2009, according to fi gures released by the Calgary Real Estate Board (CREB®). This was a decrease of 23 per cent from March 2008 when single family home sales were 1,418. The number of condominium sales for the month of March 2009 was 446, an increase of 30 per cent from the 343 condominium transactions record ...
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posted in News
at Thu, 02 Apr 2009 08:16:17 -0600
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