Calgary Bowness Montgomery Real Estate Home News - Blog Archive: January, 2018

The Calgary Real Estate Board held its annual conference where the forecast for what the Calgary real estate market will look like this year took place. These forecasts are created by gathering data from the previous year, analyzing year over year trends, applying economic variables and evaluating any recent changes to the housing industry. This report gives a reliable prediction of what the market will look like in 2018, lest there be any major, unforeseen events. 

We highly recommend visiting to explore all the resources they have available to make you an informed buyer, seller or investor. You can also find a more in-depth report on the forecast on their website, but here are some of the highlights you need to know specifically:

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Tomorrow, January 31st, is Bell Let's Talk Day 2018. This day is hosted by Bell media and communications in an effort to bring mental health out of the shadows and into the light. This event has began in 2010 and has raised over $86,504,429.05 so far! Canadians have been quick to support this cause, recognizing the way it benefits Canadian's and the world as a whole.

The Bell Let's Talk Day initiative is "dedicated to moving mental health forward in Canada... [by promoting] awareness and action with a strategy built on 4 key pillars: Fighting the stigma, improving access to care, supporting world-class research and leading by example in workplace mental health." People are encouraged to look at how they can positively contribute to these four goals…

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At Team Ken Richter we know that properties don't just sell themselves. This is why we have an in-depth, tried and true marketing plan set in place to make sure that great homes find great buyers. Read all about our marketing plan here. 

Right now the Calgary real estate market has a lot of inventory. With more homes available to buyers, sellers need to make sure their home has a competitive advantage over the others. Here are some ways you can make your home stand apart from the rest:

Make Sure The Price is Right: Properties priced at market value generate more buyer interest. When you list a home for more than it is worth, buyers will be immediately turned off. When you list a home for way less than it is worth, you miss out on the chance to get…

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Check out this huge 75x122 R-C2 lot with a lot of potential!

This four bedroom, fully developed 1200 square foot bungalow is in need of a little TLC. It has big double detached garage plus lots of additional parking. With unobstructed views of C.O.P. and the hill side escarpment, the location is great. It is across from a Catholic school (Grade 1-9) and a short walk to two other schools. This home gives you easy access west to the mountains and only a short commute to downtown. Call today to be apart of this rejuvenating area of Bowness!

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Ken Richter is a trusted name in Calgary real estate; his experience is your advantage. Ken and his Home Selling Team are friendly, dedicated and knowledgeable…

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Calling all developers, first time buyers and investors!

This massive 50x120 FT M-CG zoned lot features an approximately 900 square foot raised bungalow. With three bedrooms upstairs and one non-conforming bedroom suite downstairs, this home has plenty of living space.

The lower suite features big windows and has it's own separate entrance. Right now it contains a large den, but this could easily be transformed into a fifth bedroom. A shared laundry also resides in the basement. 

The property needs to be updated cosmetically, but you could rent this house out for monthly for positive cash flow or tear it down and build 4-6 units on this lot. The recent re-zoning of this property to M-CG gives you all the more options to watch your investment…

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The new mortgage rules that we have been warning you about have finally arrived. Global News writes that as of "January 1st, 2018, Canadians getting, renewing or refinancing a mortgage might have to prove that they would be able to cope with interest rates substantially higher than their contract rate." This stress test is to ensure that anyone applying for a mortgage could handle that mortgage, no matter what the interest rates jump to. 

While this may not seem like a major deal, a recent "analysis by the Bank of Canada suggested... some 10 per cent of Canadians who got an uninsured mortgage between mid-2016 and mid-2017 would not have qualified under the new standards" (Global News). Even those able to put a full 20% down or more on their future home…

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For many Canadians, seeing America's panic over the bomb cyclone sweeping over the southern states and up the coast has been somewhat comical. As they experience high winds, snow and plunging temperatures, some regions are calling states of emergency. For those of us in Canada, high winds, snow and plunging temperatures are an average winter day. It's called a blizzard, and we have survived many. 

However, we need to be somewhat empathetic. Cities such as Calgary who experience bomb cyclone-like conditions regularly are well equipped to handle the intense weather; places in the southern states are not. In many of the areas that the bomb cyclone is passing over, cities don't have a fleet of snow plows ready to go when needed, vehicles don't have winter…

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Welcome to 4347 Dovercrest Drive, the perfect four bedroom, fully developed starter home.

This property contains a massive recreation room with a free-standing wood fireplace that is perfect for chilly Calgary evenings. The downstairs contains a den and the fourth bedroom with a three piece bathroom. The other three bedrooms are upstairs, along with a newer four piece bathroom. Some windows have been replaced. Not only do you get a fully fenced yard, but the property also has a huge 13'x13' front deck. 

Situated on a very quiet street across from a large green space, this home is in a great location. It is close to schools and playgrounds, making it a fantastic family home. The long time owner has lovingly cared for this property, which has great…

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