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Andrew Kyle's Blog – Calgary Real Estate

Kicking yourself… February 17, 2009
This is a Re/Max USA commercial that sums up my thoughts on the current market: The latest market conditions: […]
Andrew
Real Estate Market Forecasts - Part 1 January 26, 2009
Last week the Calgary Real Estate Board (CREB) issued its forecast for 2009 - this is the last organization expected to issue a forecast for the 2009 Calgary real estate market so I thought it might be useful to summarize them all - that will be today’s post which I am calling “Part 1″. In [...] […]
Andrew

Rob Reynar. Royal Lepage Foothills

DON'T COUNT ON A WALKTHROUGH July 13, 2010
There is a tradition in Real Estate that a buyer does a walkthrough on the property they have purchased the morning of possession. However, Realtors need to advise their clients this is not a given. Don't Count on a Walkthrough Blog Transcription Hi there Rob Reynar here, checking in. Let's talk about a little bit about of possession walkthro […]
Rob Reynar / Ken Morris
QUICK POSSESSION PROBLEMS July 12, 2010
Buying a new home can be one of the most fun and exciting times in your life, one thing that can sour the experience is trying to close and take possession too quickly. Quick Possession Problems Blog Transcription Hi there Rob Reynar here, checking in. I get a lot of questions about how fast can we close on a house. Even if it is vacant, how fast can we cl […]
Rob Reynar / Ken Morris

Canada makes it’s first purchase of Mortgages

CMHC announced today that they have purchased $5 billion of a promised $25 billion of mortgages. This is wonderful news. Couple this with the government guaranteeing interbank lending and we will see considerable declines in rates for mortgage consumers. Couple this with drops in real estate values in Calgary, makes now a great time to buy a home. One thing to be sure, CMHC DID NOT buy bad assets. These were good assets, to be sure the Canadian mortgage market really does not have “bad” assets. Are current defaults and foreclosures are still well below historical averages.Keep in mind the sub-prime mortgage market in Canada was around 5% of the total market, compared to 20% dow south.

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