THE URBAN UPGRADE BLOG
RECENT BLOG ARTICLES

FEBRUARY 2023 MARKET UPDATE

Posted on Feb 01, 2023 in Market Updates



The level of new listings in January fell to the lowest levels seen since the late 90s. While new listings fell in nearly every price range, the pace of decline was higher for lower-priced properties. 

At the same time, sales activity did slow compared to the high levels reported last year but remained consistent with long-term trends. However, there...

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#1 TEAM IN 2022 AT RE/MAX HOUSE!

Posted on Jan 26, 2023 in Team News



Doing the happy dance over here!

We couldn't have asked for a better start to 2023 than with the news that we were the #1 Team at RE/MAX House of Real Estate for 2022! Although the last few years have been somewhat of a blur with the crazy market, and we've experienced many record-breaking moments, this achievement is one we are taking time to celeb...

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BANK OF CANADA ANNOUNCES ANOTHER RATE HIKE

Posted on Jan 25, 2023 in Real Estate News



The Bank of Canada has started the 2023 market off with a bang by announcing its eighth consecutive variable rate increase in ten months
. The 25 basis point hike isn't exactly a surprise, but this decision means the central bank's trendsetting rate is now sitting at 4.5% as the Bank of Canada continues its fight to curb inflation. The announcement...

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CREB: 2022 MARKET SUMMARY & 2023 FORECAST

Posted on Jan 24, 2023 in Market Updates



Elevated lending rates are expected to weigh on sales in 2023, bringing levels down from the record high in 2022.
However, with forecasted sales of 25,921 in 2023, levels are still expected to be higher than the activity reported before the pandemic. Recent growth in migration and employment is expected to help offset the impact of higher lending r...

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CREB: 2022 ECONOMIC REVIEW & 2023 FORECAST

Posted on Jan 24, 2023 in Market Updates



The aftermath of the pandemic, along with geopolitical issues impacting global energy markets, has left many countries facing challenges with inflation and rising interest rates.
The persistent inflation in 2022 has triggered significant rate hikes from the bank of Canada this year, moving from 0.25 percent at the start of the year to 4.25 percent...

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IS YOUR HOME AT RISK FOR RADON?

Posted on Jan 19, 2023 in For Homeowners



As we shared back in 2017, the University of Calgary's Cumming School of Medicine released a study about dangerous levels of radon gas in Calgary and Southern Alberta homes. The study proved that by Health Canada's standards, one in eight Calgary homes exceeds what is considered "acceptable" (200 Becquerel per cubic meter) radon levels.

In 2019, an...

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Phone: 403-800-0760

info@urbanupgrade.ca