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Archive for February, 2013

Values up, risk down, time to invest

As a Private Mortgage Lender you understand, how important it is to be at a low LTV. In today soaring Alberta home values, todays 85%LTV will become real fast a 75% LTV tomorrow, mitigating your exposure lower. Visit us and sign up to receive lending opportunities from us.
your futureCalgary’s resale housing market started off 2013 with a bang, with a 15 percent increase in sales over January 2012 results, and in fact its best January for sales since 2008!

The Calgary Real Estate Board® (CREB®) reports a total of 1,230 sales for January 2013, a significant increase over the 1,068 sales reported in January 2012. Single-family homes accounted for 879 of January 2013 sales – an increase of 15 percent over January 2012 single-family home sales. New listings for single-family homes remained just above levels recorded at the same time in 2012 for a total of 1,737, although listings for other home types dropped, to result in a slight overall decline in total new listings for January.

“While activity is typically slower in the winter months, recent improvements in single-family new listings helped support improved sales in that market,” explained CREB® President Becky Walters. “Overall indicators put the market in balanced conditions.”

If you’re thinking about listing your home, it’s a great time to do so as inventory levels are still low. CREB® notes that a lower level of inventory can pose a challenge to buyers, as they feel the need to make their buying decisions quicker than buyers have done over the past four years.

Whether you’re thinking of buying, selling or “just looking”, you’ll want the most up-to-date market information available. Please call today for the latest updates in your area!

By: Richard Conover of Real Estate Professionals www.calgarycondos.org

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