Calgary Bowness Montgomery Real Estate Home News - Blog Archive: January, 2021

Yesterday the Calgary Real Estate Board (CREB®) held their annual forecast, giving insight into what we can expect from the real estate market in 2021.

Their report was incredibly positive, which is good news to anyone looking to buy, sell or invest! 2020 was a difficult year for Calgarians, which was reflected in the real estate market. However, in the last quarter there were major improvements.  

Here are some of the highlights from their report:

  • CREB® Chief Economist Ann-Marie Lurie says, "It is expected some of the momentum recorded at the end of 2020 will continue into 2021, fueled by exceptionally low lending rates and pent-up demand... sales are expected to rise by nearly five per cent on an annual basis in 2021."
  • "Calgary did…

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Welcome to a very well maintained complex the Horizon Village Varsity, in a very quiet enclave of Varsity Acres. This well maintained and updated end unit villa-style 1160sqft bungalow will be sure to please the 50 plus buyer!!


Very functional kitchen and breakfast nook pears through patio doors onto a bright and sunny south exposure large deck and a private manicured rear yard! This immaculate home offers on the main floor, a good-sized master bedroom including a 2pce en-suite, 2nd bedroom/den, separate informal dining area, a large living room, and main floor laundry. The partially developed lower level features a huge recreation room and 3-piece bath, plus a lot of storage and could be modified to enhance the living space. There is gas on…

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Welcome to the big, beautiful world of real estate! We are so excited to have you here. What a way to kick off 2021!

If you are looking to buy a home, you have come to the right spot. With thirty plus years of experience helping people buy and sell homes all across the city, Ken Richter is the perfect person to make your home-sweet-home dreams come true. We would love to sit down (virtually, of course) with you and begin the conversation on what you are looking for and how Team Ken Richter can help you get there. Contact Ken directly at 403-630-6363 to set that up.

In the meantime, take a moment to explore our website. It's not just here to look pretty: it's here to be an invaluable resource. Here is a brief breakdown of all the exciting content…

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People are faced with two options when it comes to home sweet home: buying or renting. For some the choice is easy: they can either afford to purchase a property or they can’t so they choose to rent instead. However, in some cases people are on the cusp of either signing a new long-term lease or making a down payment on a home and beginning to pay a mortgage. What are the pros and cons to each decision? Read on so you can make an informed decision about something that will have a massive impact on your future (no pressure)!

Pros to Buying Your Own Property:

  • You get to start building up good credit by making monthly mortgage payments.

  • You are investing in something long-term that one day you can sell to get your money back (plus…

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The real estate market has certainly changed in Calgary, Alberta -- especially for sellers. While for a long time the market was flooded with excess inventory from an economic downturn, COVID-19 cleared the slate and has left a distinct shortage in properties available to potential buyers. This won't last long, so act now! 

If you have been considering listing your home, now is a great time to do so! Contact Ken Richter directly at 403-630-6363 or email him at Ken@KenRichter.com. With 30+ years of experience working in the real estate market, Ken has helped sellers of all kinds in all areas of the city find the right buyer at the right time at the right price. Looking for more information? Check out our home sellers page by clicking here. Whether…

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Sweet, sweet winter break is ending for most Calgarians as offices open back up and email auto-responses turn off. Whether you did way too much during the break or nothing at all, it can be hard to get back into the swing of things. For those of you who are already back at work, we imagine this week was rough. It is not an easy transition to make, but here are some tips:

  1. Plan for your first day back to work. Pack a lunch, make sure your bags are ready to go, clothes are laid out. Shower the night before, make a checklist of things to do in the morning, ensure your car has gas or your at home workspace is tidy. Do what you can to make the mornings easier!
  2. Make sure you get lots of sleep. Sleep is essential in giving your brain the rest it…

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Here are some of the highlights from the Calgary Real Estate Board's December Real Estate Monthly Statistics Review:

  • "With December sales of 1,199, this is the highest December total since 2007." - CREB® December Report
  • "The number of sales exceeded the number of new listings in December contributing to further declines in inventory." - CREB® December Report
  • "Annual sales activity declined by one per cent compared to last year and remain well below long-term averages." - CREB® December Report
  • "The recent gain in the benchmark price was not enough to offset earlier pullbacks as the annual residential benchmark price in Calgary declined by one per cent over last year." - CREB® December Report
  • "Housing demand over the second-half of…

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Once again, events look different in Calgary this month. With restrictions still tight due to the ongoing COVID-19 pandemic, many events are being moved online, post-phoned or cancelled altogether. As we continue to stay home and stay local, we encourage you to engage in safe entertainment across the city. This past year has certainly challenged us to find the adventure in our own cities, and Calgary has plenty to offer. 

Go explore YYC! Check out the art murals, support local businesses, enjoy the parks and green spaces, try a new curbside pickup restaurant, go look at fancy houses in new neighbourhoods, check out areas of the city you've never gotten to, and find ways to create safe, meaningful connections with the thriving Calgary community.

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