Brad Herman, Calgary real estate: Blog

Mortgage Rules Help Fuel Rent Hikes

June 7th, 2013

Mortgage Rules Help Fuel Rent Hikes Young adults have to live somewhere. And when they outgrow their parents' house and join the workforce, the choices are typically to rent or buy. But for many first-time buyers, the choices narrowed last July. That’s when Ottawa reduced the maximum allowable amortization and gross debt service ratio on insured mortgages. This immediately made it harder fo ...

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Flipping houses could make you the most susceptible should mortgage rules change

June 7th, 2013

Flipping houses could make you the most susceptible should mortgage rules change. Just this morning we looked at the proposed changes to mortgages in Canada that the OSFI is considering making. The changes dictate that all mortgages in the country, not just those without a full down payment, will be restricted to a 25 year amortization cap. While some think this is going to be a move that ben ...

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New Condos Lifestyles condo listings

June 7th, 2013

New Condos Lifestyles condo listings http://www.calgaryherald.com/homes/Condos+Lifestyles+condo+listings/5901684/story.htmlhttps://www.facebook.com/BradHermanRealEstate?ref=tn_tnmn

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May 2013 Calgary Regional Housing Market Statistics Package.

June 7th, 2013

May 2013 Calgary Regional Housing Market Statistics Package. Calgary, June 3, 2013 – City of Calgary residential monthly sales improved over the previous year, mostly driven by increased demand in the condominium market. Sales activity in all categories totalled 2,544 units for the month, a seven per cent increase over May 2012 figures. “We’re back to normal levels of activity,” said ...

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Smoking in Your Home? It will Make it Harder to Sell!

June 5th, 2013

Smoking in Your Home? It will Make it Harder to Sell! Recently we linked to an article on the Everyday Money blog that stated that smokers who smoke in their homes are likely to sacrifice up to 23 per cent of their home’s value when it comes time to sell. The reason? Smoking has become a faux pas in today’s society, and it’s something that few people want anything to do with. And even fewer ...

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Housing slowdown to be felt most in big cities: TD

June 5th, 2013

Home prices in Canada are headed for the much talked about "soft landing", while the pace of new homes being built will slip back to its long-term average after years of booming construction and soaring home values, according to a new report from economists at TD.http://www.bnn.ca/News/2013/6/4/Housing-slowdown-to-be-felt-most-in-big-cities-TD.aspx#.Ua8wh6zxt8Y.facebookhttps://www.facebook.co ...

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CREB® Chief Economist Ann-Marie Lurie has posted the May 2013 Calgary Regional Housing Market Statistics Package.

June 5th, 2013

CREB® Chief Economist Ann-Marie Lurie has posted the May 2013 Calgary Regional Housing Market Statistics Package.City home sales hold momentum.http://www.creb.com/public/documents/statistics/2013/package/res-stats-2013%20May.pdfhttps://www.facebook.com/BradHermanRealEstate?ref=tn_tnmn

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MORNING NEWS RUNDOWN

June 5th, 2013

Here is your Morning News Rundown for Monday June 3rd:http://www.crebnow.com/morning-news-rundown-june-3-2013/?utm_source=dlvr.it&utm_medium=facebookhttps://www.facebook.com/BradHermanRealEstate?ref=tn_tnmn

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Because it’s been Awhile Since We’ve Heard an American Comparison

May 31st, 2013

Ever since we all watched the housing market across the border crumble under complete collapse in 2008 we haven’t been able to keep ourselves from making our own comparisons. Are we as bad off as they were? Are we doomed to the same fate? And no matter how many times experts and analysts say that we are not like the States, still we disbelieve. Now, there’s another argument that’s here to per ...

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Condo demand stronger among older Canadians: BMO

May 31st, 2013

Think the condo market is a young man's game? Think again, a report from BMO says the demand among potential homebuyers for purchasing a condo is greater for Canadians over the age of 50.http://www.bnn.ca/News/2013/5/30/Demand-for-condos-stronger-for-older-Canadians-BMO.aspx#.Uakm0ftV8Wg.facebookhttps://www.facebook.com/BradHermanRealEstate?ref=tn_tnmn

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