Monday, December 2, 2019 / by Sergey Korostensky
Private listings and other alternative sales models are still outliers in Canada’s real estate market, despite an opening up of data on sale prices and listing history.
Still, last year’s ruling has ushered more information for consumers into the market and spurred innovation opportunities, said Anthony Durocher, deputy commissioner for the Competition Promotion Branch of the bureau.
“For the average consumer, they’re able to benefit from greater choice of online tools to enable them to make an informed decision,” he said of the change, which came after seven years of “hard-fought” litigation.
“That’s really a great outcome for competition and innovation.”
The additions to the online real estate landscape have taken a variety of forms, including international companies like Redfin that promise low commissions.
Meanwhile, Canadian players like Zoocasa and HouseSigma are expanding their data-driven models, regional star ...
Sunday, December 1, 2019 / by Sergey Korostensky
Some homes have been sitting empty for years, neighbours say...The community of Bankview is known for its views of downtown Calgary and boasts some pretty coveted — and often pricey — real estate.
But some residents say they are tired of being surrounded by a mess that is driving down their property values and bringing social disorder to their street.
"Who would buy my house? Nobody would buy this house. I couldn't give it away right now," said Bankview resident Tom Campbell.
Campbell bought his bungalow 25 years ago. He takes pride in his property. The yard and exterior of his home are immaculately kept. He used to love the view from his front window but not anymore.
"I see a house that's been abandoned for eight years now to the north of me, and across the street seven more houses that have been abandoned just since the fall," he said.
Those houses have been purchased for redevelopment and so far there is every indication the r ...
Sunday, December 1, 2019 / by Sergey Korostensky
Revised governance regulations come into force on January 1, 2020.
Hon. Nate Glubish announced the updated condominium regulations that will come into effect January 1, 2020. These regulations have changed from what was planned by the previous administration to roll out July 1, 2019. Minister Glubish delayed the regulations to give time for review under government’s mandate to remove unnecessary red tape.
Of note, condominium corporations must provide all required documents to condo owners electronically free of charge. Information statements will be available for up to $100 (or $150 if required within three days). Documents that aren’t required or documents requested by third parties can be provided electronically at a charge of $10 per document. For example, a full fiscal year package of minutes will be available electronically for $10.
We will be providing an information sheet that can be used with your clients in advance of these changes being implemented i ...
Thursday, November 28, 2019 / by Sergey Korostensky
LOOKING FOR A DEAL?
Prices for recreational properties in Canmore declined over the past 12 months due to the sluggish Alberta economy, according to a new report.
The 2019 Winter Recreational Property Report, which measures price changes in winter recreational properties in specific markets across Canada, said the median price for a single-family home in Canmore decreased two per cent year over year to $906,270, while the median price of a Canmore condo experienced a 2.8 per cent decline to $479,000.
The modest decline in prices is a reflection of the provincial economy. The upper-end single-family market is seeing slower sales, while smaller condo units are selling more briskly as builders seek to meet buyer demand for more affordable properties, he said.
“This shift in the inventory mix offers new opportunities for buyers who thought they were priced out of the market,” Hawker said. “Tourism is strong and the overall local market is thriving.”
Other res ...
Friday, November 22, 2019 / by Sergey Korostensky
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