Andrew's Blog - The Calgary Condo Realtor

Real Estate Agent - Royal LePage Foothills
As a Realtor, I blog about the Calgary real estate market, focusing on condos, communities, relocations, MLS listings and specific condominium buildings such as the Xenex on 12th, the Emerald Stone, Residences of Mount Royal, The Sasso, Luna, Vantage Pointe and the Newbury. I am licensed with Royal LePage Foothills in Calgary, Alberta, Canada.
I've added a new feature to my website today, the Hottest 20 Communities in Calgary (in terms of MLS sales turnover). Here's the latest numbers as of December 2008: Top 20 Hot Communitiesas of December 1, 2008 Rank Community Average Absorption Rate(last 6 months) 1 Scarboro 2.14 2 Midnapore 2.20 ...
By Andrew Kyle, B.ASc., Realtor A Tale of Two Markets Note: I am late in writing my market report this month (October 13) which is perhaps a good thing, because I am factoring in the latest financial turmoil from the world markets into the below report. The spread between the Single Family (SF) H...
Strong Buyer's Market Continues The Calgary real estate market remains in territory that I think is best described as a "very much a buyer's market" according to the July 2008 MLS stats. Total Calgary Metro listings at the end of July was 9217, and properties sold was 1848, yielding an overall Ab...
I came across this interesting 3-part series of videos on YouTube today. It's an explanation of what exactly happened regarding the sub-prime mortgage crisis. "How we got here" in otherwords. It's interesting stuff - good background info for Realtors, mortgage professionals and our clients. The v...
Below is my weekly market stats update. I call your attention to a growing gap between the condo and house markets (see the second chart and the red arrrow). If this trend continues I'll write in detail about it in next month's Monthly Market Report (in about 2 weeks). In the meantime... my advic...
The Bank of Canada declined to change its trend setting interest rate (aka "key policy rate" or "overnight rate") on Tuesday July 15. It stands at 3.00% where it has been since April 22. The Bank says that three major developments are affecting the Canadian economy at this time: the protracted we...
Thinking of doing some renovations on your Calgary area home, but concerned about the horror stories you have seen and heard, such as on "Holmes on Homes", the popular HGTV show? The Calgary Region Home Builders Association (CRHBA) , part of the Canadian Home Builders Association (CHBA) may have ...
For the "live" version of this report with interactive graphs click here. July 12, 2008 Current Listings Sold in Last 30 Days Absorption Rate (?) Single family (SF) Houses 6505 1476 4.41 Condos 3075 567 5.42 Combined (SF and Condos) 9580 2043 4.69 What is Absorption Rate? Click here for an explan...
No more 40 year mortgages and 100% financing! On July 9 2008 the federal government announced that effective October 15 2008 government-backed mortgages (those with less than 20% down) through CMHC and the private mortgage insurers will have these restrictions; No more 40 year amortizations. The ...
So what do all Realtors think of the new  It is up and running now and publicly accessible,  although I see they are not forwarding to it just yet (still a few kinks to work out I suspect).  I think it is nice, but needs some tweeking: 1. It's a bit awkward to zero in f...

Andrew Kyle

Calgary Condo Realtor
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