Jeff MacKinnon

Honest, hard working and thorough


REAL ESTATE sales activity in Calgary rose almost 12 per cent in the third quarter of 2020 compared to the same time last year.

The Calgary Real Estate Board released their third quarter report earlier this week.

The increase is attributed to lower interest rates and previous price declines, the report says.

There were gains in all property types except for condominiums, which are down nearly 11 per cent for the same period in 2019,

 “As the economy started to re-open, we saw some improvements in the economic indicators,”  CREB chief economist Ann-Marie Lurie said in a news release.

“Most industries are not back to pre-pandemic levels, but over the past three months we have seen notable improvement across most industries.”

To receive a copy of the complete report email me at homesinalberta@gmail.com

Read full post

I remember when I bought my first home with my wife — a townhome in Inglewood — we both weren't quite sure how the realtor fees worked. It was no biggie, because it was explained to us.

Still, now that I'm in the business I am very conscious of explaining it right away so there's no confusion. I'm dealing with a lot of first-time home buyers these days and they are naturally wondering about how much this is going to wind up costing them.

Typically, realtor fees are seven per cent of the first $100,000 and three per cent of balance of sale price and those fees are split between the buyer's realtor and the seller's realtor.

That's normally how it works and so there's no confusion when I'm dealing with buyers I write an extra line into our agreement that all fees are paid by the seller.

If you are thinking about buying a home and are curious about something please call or shoot me an email.

Read full post
Data supplied by CREB®’s MLS® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.