Calgary Bowness Montgomery Real Estate Home News - Blog Archive: August, 2016

Can you believe it is already the last week of August? Summer flew by, as it always does. However, here at Team Ken Richter we are committed to helping you get the most out of the remainder of the summer. One way to take advantage of the long summer days is to host a block party.

Block parties are a great way to meet more people, eat good food and enjoy the beautiful outdoors. Whether your neighbourhood has done one before or not, we encourage anyone who is interested in having one to go for it. Here are some block party essentials:

1). Team Up: If you are already friends with people in the neighbourhood, team up with them to host the block party. Having other people to help organize all the details can be a huge help. Have one person in charge of…

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This year’s census data has shown a major decline in net migration. While families already in Calgary are growing, the number of people coming to Calgary from other places has decreased. This has affected the housing market by sales activity dropping.

CREB® chief economist Ann-Marie Lurie explains, “continued pullback of sales activity is a sign of economic conditions. The number of unemployed workers keeps rising and when you combine job losses with declining net migration, the result is going to be weaker housing demand.”

One thing that worked in favor of this was a decline in new listings. Less buying activity was matched with less inventory on the market, which significantly helped prevent pressure on benchmark prices. CREB® notes that the…

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