Arnold Thompson Home Selling Team

2021 Will be BETTER

Ready for some good news? It’s officially time to dust off your grandma’s cross-country skis (or snowshoes); thanks to the epic amount of snow that arrived to C...algary yesterday, the East Village Nordic Loop is now open! East Village Nordic Loop is a groomed 1km free cross-country ski track on Fort Calgary lands. It’s cross-country skiing (and showshoeing) in the city! The Nordic Loop is intended as an outdoor recreational activity for members of the same household or an individual. We ask that you please abide by all outdoor recreation and gathering COVID-19 protocols as outlined by the Province of Alberta. Use your best judgement on crowds; if the loop feels too busy, then it probably is and we ask that you come back at another time. If you can touch another user with your ski pole, you are too close. Let's all work together to make sure this space is enjoyable and safe for all who want to use it. Special thanks to Foothills Nordic for their epic grooming skills and Fort Calgary for being such awesome neighbours! For all the fun details like directions, where to park (your car or bike), what to expect, click here https://www.evexperience.com/nordic-loop

Great report on Calgary housing CREB's Q3 2020 Housing Report released City of Calgary, October 22, 2020 Third-quarter activity was far better than original ...expectations, as sales activity in the city improved by nearly 12 per cent over last year's levels. Some of the shift in the third quarter reflects activity that likely would have occurred in the second quarter. The housing market also benefited from easing lending rates and previous price declines. Gains were driven by all property types except apartment condominiums. "As the economy started to re-open, we saw some improvements in the economic indicators," said CREB chief economist Ann-Marie Lurie. "Most industries are not back to pre-pandemic levels, but over the past three months we have seen notable improvement across most industries." The gains this quarter did not offset all of the earlier declines, but the year-to-date decline eased to nine per cent. This is a significant improvement from the first half of the year, where sales were sitting 20 per cent below last year's levels. New listings were also on the rise. It was enough to cause inventories to trend up from the lower levels recorded earlier in the year, but inventories remain well below the levels recorded last year. Overall, the months of supply did tighten to levels well below the past two years. Improved supply/demand balances did support some modest improvements in prices, which trended up in the third quarter compared to the second quarter and remained only one per cent below last year's levels. Current conditions in the housing market are surprising, but there are several reasons to still be cautious: The current job market: Unemployment levels remain exceptionally high and there is added concern regarding additional job losses coming in the energy sector. If this situation persists, it could result in weaker demand and rising listings. A second wave of COVID-19 and further shutdowns: Widespread closures are currently not expected, but if they do occur, this could be problematic for many businesses that cannot survive a second shutdown. Government support: The housing market and overall economy has benefited from significant government income support programs, and banks allowing homeowners to defer their mortgage. As these benefits end, there is a risk that some households will not be able to keep their home, causing a rise in new listings and pushing up supply levels. If this occurs, it could erode some of the recent gains in pricing. See more