Have you ever lived in a condominium unit? For many years, NAR urged HUD to finalize changes to the previous rule that would ease restrictions on FHA financing for condominiums, thus enabling more first-time buyers, older adults, and low to moderate-income families to achieve the dream of homeownership.
New condo prices in the Calgary area continue to drop as the region unwinds a glut of inventory that hit the market during the oil crash and that, along with ongoing economic pressures, is expected to keep a lid on price growth for the foreseeable future.
Utilities will fluctuate, once in a while we’ll see snow removal costs lower than expected, sometimes we can find a better price on repairs, but generally, the price for almost everything keeps going up (if nothing else, remember that your property gets older every year!).
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