February was the first month in a long time where the new listings exceeded the previous year's. Is this the start of the coming buyer's market and hordes of new listings? The complete Feb stats update can be viewed here What's new The Herald...

This morning, Federal Finance Minister Jim Flaherty announced prudent changes to mortgage insurance rules intended to come into force on April 19, 2010. The changes are as follows: - All borrowers must meet the standards for a five-year fixed rate mortgage...

Don't get too alarmed or excited when you hear in the media that Jan sales were up 39%. In reality, sales were down 29% compared to the historical average for Jan. . Despite the increase in inventory, it's still only 62% of last year's level,...

Stats to Obsess Over For the period Jan 1 – 21: SFH Condo Sales New listings Sales New Listings 2010 442 1222 223 626 2009 279 1400 110 606 Historic Avg(9 yrs) 626 1463 228 610 2010 compared to historic avg -29% -16% -2% 3% . For single family homes:...

Just updated the "Calgary Market Trends" page. In the first week of 2010, 17% of single family homes sold at list price or higher. That's not good news for buyers. That's higher than it's been at any time in the past four months....