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 www.creb.com 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:
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
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
With the advent of the digital age comes a series of tech innovations aimed at making life more efficient. From searching for the best pizza place in town to messaging thousands of friends and family at once, the golden era of the internet is here. Love it or hate it, it is not going away anytime soon.
For homeowners, the advancement of technology has helped them better find service providers for their property, secure their property, keep tabs on their property and easily access important property guidelines and documents. Most agree that these advancements are generally positive, but there is one new app that people are split on: Airbnb.
Airbnb and services like it are designed to enable homeowners to rent out their property, either a single room
If HGTV is any indication, people love the idea of renovating a home. Shows like Fixer Upper and Property Brothers are wildly popular, audiences tuning in every week to see neglected homes turn into dream homes. There's something about an underdog that people love to root for--homes included.
These shows are inspiring. They make fixing up a home seem easy! You drive past an old house and say, "some exposed brick would do that property wonders," or, "it's got great bones - imagine what a fresh coat of paint could do!" Don't let the edited smiles of Chip and Joanna Gaines fool you; renovating a home is hard work. It can be incredibly rewarding and profitable, but you should know these things before making an offer on that shack down the street:
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
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
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
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
In the New Year many people make personal resolutions, such as losing weight, advancing in their career, paying off debt, etc. Kicking off the new year with specific goals in mind will help you stay focused. There is nothing quite like the start of a new year, in this case 2018, to inspire you to be the best you.
Read about The Most Popular New Year's Resolutions.
While many of us make personal and professional resolutions, another area of your life to set some goals for is your home! Here are some suggestions:
Renovate: Make this the year you finally renovate that room you have been wanting to forever, or to finish a renovation you began but abandoned. You don't have to complete it in one day; you can do it in phases. Looking for advice
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