Bank of Canada lowers overnight rate target by 1/2 percentage point to 3 1/2 per cent (March 04 2008)

OTTAWA – The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of one percentage point to 3 1/2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 3 3/4 per cent.

Information received since the January Monetary Policy Report Update (MPRU) indicates that economic growth in Canada through the four quarters of 2007 was broadly in line with expectations. Domestic demand has remained buoyant, as rising commodity prices and high employment have continued to support income growth. Canada's net exports weakened further in the fourth quarter, reflecting the slowing U.S. economy and the impact of the past appreciation of the Canadian dollar. Overall, the Canadian economy remained above its production capacity at year-end. Core and total CPI inflation – at 1.4 per cent and 2.2 per cent, respectively, in January – have also been consistent with the Bank's expectations

CRASH OF THE REAL ESTATE MARKET in CALGARY!?!....... July 18, 2007

We are heading into the summer 2007, and huge number of properties are getting listed everyday. Currently 6021 active condos and single family homes on market.

Is this the end of Calgary Real Estate Market!??? Prices get reduced everyday, sellers are becoming nervous to sell their properties, Buyers are waiting, interest rates are up... Is this the end of "great period" or...?

Sellers cashing in on home equity gains caused housing inventory to rise, which led to more moderate price appreciations compared to the steep appreciations and frenzied activity that occurred last year. Multiple offer situations still occurred during the second quarter, but with less frequency than in the past few months.

Listing periods increased slightly over last year with houses remaining on the market 35 per cent longer. While Calgary's market is expected to remain strong and healthy throughout 2007, the city is not expecting to experience the conditions that characterized the market for much of 2006.

Advice:

Sellers: If you are not in "rush" to sell a property right away - wait. If you HAVE TO SELL IT, and not have a showings: reduce the price and SELL IT.

Buyers: If you are looking to buy - it is a good time to find a great deal every day.

NEED MORE INFO and HELP SELLING or BUYING: Feel Free to contact me,

CALGARY HOUSING MARKET IS GETTING HOTTER ......19. February 2007

New Year and new prices... Everything is "moving".

The price is almost a 45% increase compared to a average price of $249000 back in a May of 2005, translates into the numbers almost increase of $110000 over the last year.

The average number of houses was selling in 57% cases over asking / listed price. with an average 14 days on the market.

Still shortage of supply : approximately 2000 properties are active on the MLS in Calgary compared to a 5500 - 6000 properties that we had last year.

There are few questions right now, that need answer:

BUYERS:

If you are planning to buy a property in Calgary:
Do you think it is worth to wait for market to cool down? ( If ... - when it will happen?)

Few buyers looking to buy a house in January of this year, were hopping to get better deal in few months (" more houses will come on market ")- right now the prices of those houses are over their mortgage approval - they are out of the game. What about you ?

To get immediate access to HOT CALGARY REAL ESTATE MARKET contact me today

SELLERS:

In today's HOT market do you think it is worth to SELL your home privately and miss excellent opportunity that MLS.ca can give you with hundreds of qualified BUYERS ?

If you want to take adventage and get full MLS exposure today you can choose this great listing option and LIST YOUR HOME TODAY it could be SOLD by tomorow.