Newsletter

First-Time Home Buyer Incentive

Yesterday, the Government of Canada released a number of tools and resources on the First-Time Home Buyer Incentive program page.

Here’s a list of the items you can expect to find:

  • An Eligibility Calculator to test and evaluate different financial scenarios and view their impact on mortgage payments.
  • Product Highlight Sheet (PDF) including a summary of key program details in a format that is easy to download, print and share.
  • Journey Map breaking down the application process step by step.
  • An Application Process diagram (PDF) showing the interactions between all of the parties involved. (Available on desktop only).

In addition, live training sessions will be available to ensure homebuyers and industry professionals alike have access to the latest tools and information pertaining to the Incentive. Three separate sessions will cover Qualification, Application Submission and Funding, plus a live Q&A period. Click here to view the full training schedule and to register for a session.

For all this and more, visit:

www.placetocallhome.ca

Market Insider February 2019

As economic challenges linger into 2019, housing markets remain on a sluggish pace.

January sales totalled 804 units, 16 per cent below last year and 21 per cent below long-term averages for the month.

“The slow start to the year does not come as a surprise, as concerns about job losses and the state of the energy sector weigh on consumers. We anticipate that the slow market conditions will persist throughout much of the first quarter,” said CREB® chief economist Ann-Marie Lurie.

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Market Insider January 2019

As oversupply continues in Calgary’s housing market, December prices eased by one per cent compared to last month and are over three per cent below last December.

“Persistent weakness in the job market and changes in the lending market impacted sales activity in the resale market this year,” said CREB® chief economist Ann-Marie Lurie.

“This contributed to elevated supply in the resale market, resulting in price declines.”

December sales totalled 794 units, a 21 per cent decline over the previous year. Overall year-to-date sales in the city totalled 16,144 units. This is a 14 per cent decline over 2017 and nearly 20 per cent below long-term averages.

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