Canada’s Greater Property Group Celebrates Milestone, Sells First Property Entirely in Bitcoin Bitcoin – Crypto – Real Estate – Social Real Estate – Greater Property Group (January 13, 2021) – Canadian real estate brokerage Greater Property Group has delivered on all promises, and is pleased to announce a major milestone – selling its first property entirely in Bitcoin! The transaction is one of the first of its kind, using digital currency as the primary source of funds. “I believe we are currently the only brokerage in Canada that allows its Realtors and our clients to use digital ..read more

Calgary, Jan. 26, 2021 – In 2020, housing markets across the country surprised many with a stronger-than-expected rebound in the second half of the year despite record-high unemployment rates and significant job losses. Calgary did not hit record-high sales or prices in the third or fourth quarters, but still posted some of the strongest sales relative to the past five years. This was nearly enough to offset the initial losses recorded during the first shutdown caused by the pandemic. “It is expected some of the momentum recorded at the end of 2020 will continue into 2021, fueled b ..read more

Last week, the Canadian Mortgage and Housing Corporation (CMHC) announced a new regulation on mortgage insurance for property buyers, slate to begin July 1, 2020 Social Real Estate wanted to share this information with you as it could potentially impact your property buying journey. Under the new rules, property buyers with a down payment of less than 20% (and requiring mortgage insurance) will need to meet the following requirements: One property owner/mortgage borrower will need to have a minimum credit score of 680 (an increase from the current 600). Non-traditional sources of funding for d ..read more

There has been some discussion recently on home prices in relation to mortgage rates. Some believe if there is a rapid rise of mortgage rates, home prices should decrease. Logically it makes the most sense for the price of the house to drop when interest rates are rising, but this is not always the case. This theory of home prices decreasing is typically discussed by future home buyers. As a buyer you would like to think if you are paying higher rates on your mortgage, you should be able to see a decrease in cost somewhere else. Unfortunately, these rates are rising because the economy is in b ..read more

It is easy to become overwhelmed when you enter the home buying market. Friends, family, colleagues, and even acquaintances will give you their opinions if you are a first time home buyer. While most of them are looking out for your best interest, they are not fully aware of what is happening in the housing market. It is important for you to be prepared and have your own questions ready. No matter what other opinions you are getting, you are the one buying the home and your comfort level will help make your final decision. Here are three important questions to ask before you purchase a home ..read more

The season you sell your home can have an impact on how much you get for your home and how quickly it sells. The season that has the most success in selling homes is spring. This is a good time of year for families moving to new school districts and is also more convenient weather for moving. Because of this trend, most people will recommend waiting to list your home until after the winter is over. Avoiding the winter is a huge misconception in the housing industry and can cause homeowners to miss out on opportunities. Selling in the winter can give you a few advantages. There will be fewer ho ..read more

Potential homebuyers are always cautioned to be aware of mortgage lending standards and the difficulty they might face when trying to obtain a mortgage. Credit availability is expanding, making it easier to get a mortgage now than it was a year ago. The market is still tight, however, and homebuyers should be prepared to shop around until they find a lender who is offering something that will meet the needs of their family. Mortgage lending companies have high standards so it is important to make sure you and anyone else who will be included on the mortgage have their credit in check. The mort ..read more

What is living on your carpet? You won’t believe what is hiding in your carpets, take note of these 3 top reasons why you should call a professional carpet cleaner. Get rid of trapped pollutants. Did you know that, according to the Environmental Protection Agency, dirty carpets retain many sources of indoor air pollutants? Including not only everyday dirt and dust but also pet dander, bug and insect allergens. Toxic airborne gases can adhere to these particles and also get trapped in the carpet. Vacuuming or walking across the carpet release these particles and contaminate the air in your home ..read more

Canada’s Greater Property Group Celebrates Milestone, Sells First Property Entirely in Bitcoin Bitcoin – Crypto – Real Estate – Social Real Estate – Greater Property Group (January 13, 2021) – Canadian real estate brokerage Greater Property Group has delivered on all promises, and is pleased to announce a major milestone – selling its first property entirely in Bitcoin! The transaction is one of the first of its kind, using digital currency as the primary source of funds. “I believe we are currently the only brokerage in Canada that allows its Realtors and our clients to use digital ..read more

Calgary, Jan. 26, 2021 – In 2020, housing markets across the country surprised many with a stronger-than-expected rebound in the second half of the year despite record-high unemployment rates and significant job losses. Calgary did not hit record-high sales or prices in the third or fourth quarters, but still posted some of the strongest sales relative to the past five years. This was nearly enough to offset the initial losses recorded during the first shutdown caused by the pandemic. “It is expected some of the momentum recorded at the end of 2020 will continue into 2021, fueled b ..read more