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Buyer Advice

Buying a home is a process full of nuance. Our Buyer Advice series features pointers on buying a home, national market updates, and general advice for finding and purchasing your next home in Fort McMurray.

What Does Fall 2018 Have in Store for the Housing Market?

Oct 22, 2018

The gradual month-to-month real estate sales rise that started earlier this spring has been reversed. As reported last week, August to September showed a decrease in sales, and a decrease in housing starts. This contrasted with many analysts' projections of...

What Does a Slow September Mean for Canadian Real Estate?

Oct 15, 2018

September is behind us, and this week housing statistics from the month released. The results aren't the best: September saw the first monthly decline in six months. Until now, there were hopes the market was recovering from a change in...

How Unaffordable Has the Canadian Housing Market Become?

Oct 08, 2018

The state of Canada's housing market in 2018 has been stagnant overall. The first half of the year saw a slowdown caused by revised mortgage rules, and while the market has mostly adapted to that shakeup, multiple other issues, like

September 2018 Fort McMurray Market Update: A Normal Fall?

Oct 02, 2018

What Did September Mean for Fort McMurray Real Estate? Fort McMurray's real estate market is constantly changing, and the constantly updated MLS® does a good job of recording these statistics every month. Buyer agent (and A-Team leader) Tom Albrecht...

Why Did Canadian Home Sales Decrease in August?

Sep 24, 2018

The Canadian Real Estate Association released sales figures for August 2018 this week, and in a bit of good news, numbers were up from July, rising a slight 0.9%. However, with year-over-year sales decreasing by 3.8%, there's a lot more...

Are Canadians Taking on Too Much Household Debt?

Sep 17, 2018

The fallout of the new nationwide stress test rules for mortgages, which came into effect this year, has slowed down. The housing market has mostly adjusted to those changes, even though the increasing possibility of more interest...

Can Canada's Housing Market Afford More Interest Rate Hikes?

Sep 11, 2018

Amidst a slow recovery in Canada's housing market, one key constant over the last year has been the slow rise in interest rates. With a variety of factors playing into the Bank of Canada's decisions, the rate hikes...

How Will Canadian Real Estate Grow Moving Forward?

Sep 03, 2018

Following the slump of activity in the first half of 2018, the Canadian real estate market is predicted to slowly heat up in the fall. It's not certain, but if growth is going to happen, there are a few likely...

How Has the Market Responded to New Stress Test Rules?

Aug 27, 2018

How Stressful is the New Stress Test? Over the last two years, the Bank of Canada enacted new rules for home buyers looking to get approved for mortgages. The changes are designed to ensure that buyers can pay off their...

Fort McMurray Housing Market Update (August 2018)

Aug 22, 2018

How's the Market Doing This Summer? The real estate market is a good indicator of economic health in Fort McMurray, so keeping tabs on its performance is always a good idea. Buyer's specialist and market veteran Tom Albrecht recently...

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