A brief look at new policies in mortgages current as of October 2012. Special thanks to Adrian Carrick of the Royal Bank of Canada for sharing his expertise.
How is the market in Calgary? Actually very healthy! We are experiencing good overall balance in terms of inventory of homes for sale. More then 40% of the properties being listed were sold the month of May.
City of Calgary Total sales for May 2012 2,385 Total Active Listings 5,739 Represents 41% of Listings selling! 81 Sales in May of homes over $1,000,000 represents 3.3% of the total number of sales. 2017 sales recorded for less then $600,000 representing 84.5% of total sales for May occuring in that price range. Montly sales year to date is 19.1% higher then the same period last year.
The banks in Canada have posted the lowest advertised fixed rates of 2.99%. A great incentive for a winter buyer to take this as a once in a lifetime opportunity to lock in on a good deal! This is a conversation with Adrian Carrick of the Royal Bank of Canada for www.RamageGroup.TV, recorded at listing we have in Hillhurst currently for sale. Visit www.RamageGroup.net
A discussion with Adrian Carrick of the Royal Bank of Canada on current mortgage trends.