THE URBAN UPGRADE BLOG
RECENT BLOG ARTICLES

JUNE 2021 MARKET UPDATE

Posted on Jun 01, 2021 in Market Updates



Inventory Rises, But Sellers' Market Conditions Persist - With 2,989 sales, housing market activity hit a new May record. Despite strong levels of sales, they did trend down relative to last month. Additionally, there were 4,562 new listings, causing seasonally adjusted inventory levels to increase over last month. "The recent gains in prices have...

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LOCAL GETAWAY IDEAS FOR SUMMER

Posted on May 28, 2021 in All About Calgary



We're Getting Back to Normal! With the recent announcement from the Alberta government about their Open for Summer Plan, we thought it'd be a good time to revisit the idea of a summer staycation. As we’ve all been doing our part, it’s understandable to be feeling a little cooped up, so it’s time to stretch our legs a bit. Back in November, we gave...

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MAY 2021 MARKET UPDATE

Posted on May 03, 2021 in Market Updates



Demand For Homes Remains High With Record Sales In April! - There were 3,209 sales in April, a new record high for the month, as Calgary's housing market continues to bounce back from the pandemic lows recorded in 2020. "Despite entering the third wave of COVID-19, there is more optimism of economic recovery when the economy re-opens," said CREB® c...

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NOW IS THE TIME TO SECURE RATES

Posted on Apr 29, 2021 in For Buyers



As you have likely heard, fixed rates are on the rise! If you are looking to buy a new property, or your current mortgage is up for renewal in the next 2 years, now is the time to secure rates. Since our fixed rates in Canada are directly tied to the Bond market and with government forecasts, we expect we could see fixed rates close to 2.5-2.75% by...

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CALGARY Q1 2021 MARKET UPDATE

Posted on Apr 20, 2021 in Market Updates



CREB, April 2021 - The economic challenges associated with COVID-19 brought about a dramatic rate cut from the Bank of Canada and an even more significant drop in the discount rates for mortgages. The low-interest-rate environment, combined with pent-up demand and increased savings among those who remained employed throughout the pandemic, is suppo...

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HISTORICALLY LOW INTEREST RATES

Posted on Apr 06, 2021 in For Buyers



Although interest rates have been quite low for some time now, the onset of COVID-19 led the Bank of Canada to reduce the overnight rate 3 times in March, which, along with falling bond yields, jumpstarted falling mortgage interest rates.
“Best available” 5-year fixed rates fell from 2.44% in March 2020 to a low of just 1.39% in February 2021. In re...

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