Worried that the house you bought will look different when you finally move in? A pre-possession inspection, commonly called a “final walkthrough”, lets buyers verify the condition of their property before the transaction is complete. At a walkthrough, buyers have the opportunity to assess the property’s current state and ensure the agreed-upon repairs and/or conditions made in the purchase agreement are met.  

The final walkthrough typically occurs days from the closing date, before the home buying transaction is settled, and it is one of the last steps to closing on a house. 

While doing a final walkthrough is optional, we highly recommend it to help identify any issues before you close on the house. Note that a final walkthrough is not a home…

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January 2022 Calgary Real Estate Statistics Recap

To summarize the Calgary January 2022 real estate market in one video thumbnail... In January 2022 we saw multiple listings go for over six figures above list price, with unconditional offers! 

Inventory in Calgary is now at only 2,620 units, this represents a significant decrease (35% from 2021) with sales up over 66%! This months supply levels reached the lowest we've seen since 2006. 

“Expected gains in lending rates are contributing to persistently strong demand in the housing market, as purchasers are eager to get ahead of any increases,” said CREB® Chief Economist Ann-Marie Lurie. “We did see more listings this month, but it did little to change the market balance or take any pressure off…

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