Calgary Bowness Montgomery Real Estate Home News - Blog Archive: January, 2023

The 2023 trends for home styling could best be described as Cottagecore. Gone are the days of minimalism, block colours, and sharp edges; it's time to usher in a softer era of warm textiles and heirloom pieces. Cottagecore is the aesthetic of an idealized countryside lifestyle. Does this mean you need to start churning your own butter? No. You do not have to abandon the modern age to embrace this new style. In fact, you do not need to embrace this new style at all! However, if you're feeling trendy or looking for inspiration, here are some of the design elements experts are predicting will make a big splash this year:

  • "Delicate wallpaper in pastel tones, white furniture and gilded mirrors are the mark of this home trend" (HGTV).
  • "Think organic…

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Welcome to an amazing building lot and location in an exclusive enclave of Bowness!!

This huge 50 foot wide R-C1 lot was created by subdividing off the lot next door that the owner is currently in the process of finishing a brand new, approx. 3,000 sqft single family home! Numerous new homes were recently built in the immediate area creating a sense of community within the well established area of Bowness! There was a DP applied for to build another approx. 3,000 sqft home on this lot as well. Only a block away to the Bow river and river bike/walking path system, only 5 minutes to two hospitals, the Tom Baker Centre and the U of C, only 2 minutes away from Trinity Hills box stores, the new Greenwich Farmers Market and the new Superstore. A…

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The Calgary Real Estate Board had it's annual forecast event where they shared what we can expect from the real estate market in 2023. Here are some of the highlights from their report: 

  • "Elevated lending rates are expected to weigh on sales in 2023, bringing levels down from the record high in 2022. However, with forecasted sales of 25,921 in 2023, levels are still expected to be higher than the activity reported before the pandemic" (Calgary Real Estate Board).
  • "Supply levels declined to the lowest levels seen in over a decade as gains in higher price properties did not offset the supply declines occurring in lower-priced homes. This has left our market in a situation where lower-priced properties still face sellers’ market conditions while…

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January 25th is Bell’s “Let’s Talk” Day. This is a great opportunity not just to participate in their initiative, but to take some time to learn more about why mental health is so important and worth investing in.

On their website, Bell writes, “In September 2010, we launched the Bell Let’s Talk mental health initiative, the largest corporate commitment to mental health in Canada focused on 4 key action pillars: fighting the stigma, improving access to care, supporting world class research and leading by example in workplace mental health. Since then, Bell Let’s Talk has committed more than $139 million to Canadian mental health initiatives.”

Wow! Bell Let’s Talk Day also coincides with Blue Monday, January 16th, which statistically has the…

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We are proud residents of the Bowness community, and enjoy finding ways to give back. One of our favourite community traditions is the Bowness Community Association Annual Holiday Dinner. This year Team Ken Richter donated money to contribute to this great cause. Read the letter we received below to learn more about the impact the Holiday Dinner made. Be encouraged that your support for organizations like this truly does make a difference in the lives of your fellow Calgarians!

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Buying a property at the start of the year is such a great way to kick off the new year! You are setting yourself up for a new home base; the perfect launching point for all of the adventures to come. Here at Team Ken Richter, we are passionate about helping you find this launching pad. We are proud to have served all types of home buyers across the city for thirty plus years, and would love to partner with you in 2023 to make your dream home a reality!

Buying at the beginning of the year is not just advantageous as a desirable outcome, but it also comes with other benefits that those who wait will miss out on. Here are some reasons why buying a home early on is a solid strategic move:

1). Less Competition: Like many other industries, real…

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Welcome to a one of a kind, fully updated, excellent revenue property!!

This property was totally updated and completely remodeled in 1992, inside and out and top to bottom! A total of four bedrooms, two full and two half bathrooms, full side by side bi-level duplex!! Some of the special and updated features in 1992 include, an architecturally designed new front facade, all new windows, both units have oak kitchens and breakfast bars, all bathrooms were new at the time, all new electrical and panels, plumbing redone, stucco and much, much, more! ***Here's the real bonus - there are two, double detached garages!*** The minute you walk into these units you will be impressed by the bright and open concept featuring high vaulted ceilings, patio…

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This weekend is the Annual Calgary Renovation Show. If you are a current homeowner, or hoping to become one soon, you do not want to miss out on this opportunity to see the best of the best Calgary has to offer in the home renovation space.

On their website, the Calgary Renovation Show describes themselves as follows: “The Calgary Renovation Show is a vibrant marketplace where you can shop for home-related products and services, experience stunning displays to help inspire your next home project, connect with industry experts, and enjoy informative presentations from renowned local and international home professionals. Whether you’re joining us at the BMO Centre with a specific project in mind or just looking for some inspiration, our local home…

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2022 was a wild year for Calgary real estate from start to finish. The Calgary Real Estate Board writes, “2022 saw record-high sales and double-digit price growth.” In their report they detailed more highlights from the last month in the year, December. Here are some quick facts from the report, which you can read in full by clicking here:

  • "Slowing sales over the second half of 2022 were not enough to offset earlier gains as sales reached a record high of 29,672 units in 2022" (Calgary Real Estate Board)
  • "As of December, there were 2,214 units available in Inventory, making it the lowest level of inventory reported for December in over a decade." (Calgary Real Estate Board)
  • "Benchmark prices eased to $518,800 in December, down nearly five…

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Here at Team Ken Richter we are proud members of RE/MAX Real Estate (Central). Being part of the RE/MAX team is an honour, and we are proud to see the continued growth of this incredible company. 

In their statement summarizing growth from 2022 and plans for 2023, RE/MAX offered the following exciting update: 

"This year RE/MAX continued to lead the industry in many ways, and we have a lot to be proud of. RE/MAX has the largest network of brokers and agents across Canada. With 25,000+ agents including Quebec, RE/MAX is home to the most trusted* and most experienced agents and teams in the industry, and has some of the most successful Broker/Owners in the country who have managed to recruit 800+ agents this year alone. Our brand presence reached…

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