Sellers’ Market in February Leads to Rising Prices
AVERAGE SALE PRICES DIY NATURAL KITCHEN CLEANING SOLUTIONS Ever wonder what homeowners did before the invention of cleaning products? They used items they had around the house, of course! The truth is, you don’t really need harsh chemicals to keep your kitchen clean. All you need is baking soda, vinegar – and some lemons! • Got crud stuck to the bottom of your favourite frying pan? Sprinkle it with baking soda and then add some vinegar, leave the combo to work its magic overnight and in the morning your pan should easily come clean. • When your kitchen sink is clogged, pour baking soda into the drain and follow it up with vinegar and very hot water. The bubbly reaction of the baking soda and vinegar will push the clog down and the water will rinse the drain clean. • Vinegar is acidic, making it a powerful grease remover. Mix it with water and then spray greasy surfaces like stovetops or your cabinets. Leave a few minutes and wipe clean. • Vinegar is also a great glass cleaner. You can use it to polish your glasses, clean your windows, or wipe clean any other glass surface in your kitchen. • Mix vinegar with warm water and a few drops of lemon juice and you’ve got yourself an all- natural floor cleaner. You can even pour the mixture into your swiffer-style mop. • Hate cleaning the microwave? Of course you do! Make the job so much easier by adding a few lemons to a bowl of water and microwaving for five minutes. This trick loosens any baked on food and makes it a breeze to wipe clean. • Slice a lemon in half and rub vigorously on countertop stains. Let sit a few minutes, then wipe clean. • Make a paste out of lemon juice and baking soda and use it to scrub clean tiles and grout. To really get into the crevasses, use an old toothbrush. $572,670 detached UP 8.86% year-to-year $252,638 condo DOWN 7.34% year-to-year DAYS ON MARKET 45 SOLD LISTINGS 1,836 2,848 4,518 ACTIVE LISTINGS (residential inventory) NEW LISTINGS 1,573 572 64%
City of Calgary, March 1, 2021 - With gains in every price range, residential sales activity in February totaled 1,836. This reflects the best February since 2014. “Despite continued COVID-19 restrictions, housing activity continues to improve. Much of the strong sales activity is expected to be driven by exceptionally low mortgage rates,” said CREB ® chief economist Ann-Marie Lurie. “Confidence is also likely improving as vaccine rollouts are underway. Additionally, some of the worst fears concerning the energy sector are easing with recent gains in energy prices.” New listings also improved in February, but the gap between new listings and sales narrowed. This is causing the sales-to-new-listings ratio to rise to 65 per cent, keeping the months of supply well below three months. Conditions are far tighter in the detached sector of the market, especially for product priced below $600,000, where strong sellers’ market conditions are present with less than two months of supply. The market has faced relatively low inventory levels compared to sales for the past several months and prices continue to trend up. In February, the residential benchmark price rose over the previous month and currently sits four per cent above last years’ levels. Detached product has the lowest months of supply and is also exhibiting the most significant gains in prices. On the opposite end of the spectrum, the apartment condominium segment still has a relatively high level of inventory compared to sales, which is impacting price recovery for this property type. - Source: CREB ®
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single family detached NEW LISTINGS condo Find and circle all of the words that are hidden in the grid. Then unscramble the rem i ing 12 letters to spell an additional word. Stats are reflective of February 2021 Source: CREB Market values stated are of the average of Calgary and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to- date evaluation of your home.
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