Real Estate | Page #17

Real Estate

Each month the Calgary Real Estate Board releases a market update. This provides valuable information to give you a peek into where the market is at so you can set your expectations and make strategic decisions! 

Here are some of the highlights from their report, which you can read in full by clicking here:

Benchmark Price: $570,100 (average)

Sales: 1,366

New Listings: 1,248

Inventory: 2,164

Months of Supply: 1.58 (average)

Days on Market: 33 (average)

Calgary Real Estate Board chief economist Ann-Marie Lurie says, "Higher lending rates dampened housing demand this year, but thanks to strong migration levels, housing demand remained relatively strong, especially for affordable options in our market. At the same time, supply…

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Attention all builders and developers, your opportunity has arrived!

This property occupies a prime inner-city location, making it an ideal candidate for redevelopment. Situated on an expansive 50x120 R-C2 lot, it's just a few blocks away from the Bow River and the river bike path system, Bowmont Park, and the off-leash area (an area that remained unaffected during past flooding incidents). While the owner currently occupies the property part-time, it is mostly vacant, presenting a range of possibilities. The house itself is quite rentable, offering potential income while you plan for future development. It's also a suitable option for first-time homeowners who might be interested in moving into this charming two-bedroom cabin.

The fantastic…

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Welcome to the esteemed "Platinum Triangle" in Montgomery! Presenting an exquisite, newly built modern semi-detached masterpiece boasting a total of four bedrooms, meticulously crafted by a detail-oriented, high-quality builder.

Nestled within the exclusive confines of "Shouldice's Triangle," this select pocket enjoys a rare setting surrounded by verdant parks, just a stone's throw from the Bow River and the extensive Bow River bike path network that leads directly downtown. A brief stroll leads to a sprawling off-leash dog park, while Shouldice Park at your doorstep offers an array of athletic fields, including a soccer dome, among other amenities.

Radiating with brilliance, the grand open design spans over 2,900 square feet of fully developed…

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Attention Builders and Developers

A golden opportunity awaits with the listing of this prime 50x120 R-C2 building lot in the prestigious inner-city community of Montgomery!

The surrounding landscape is witnessing a surge of activity, with several new semi-detached builds currently under construction or reaching the final stages of completion along this avenue. The location is simply fantastic, offering captivating southward views of the river valley escarpment, and it's just a stone's throw away from the natural beauty of Bowmont Park and the off-leash area along the Bow River.

Please note that the existing house holds no intrinsic value, as the services have been disconnected, and it is being sold "as is, where is." However, envision the…

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If you're considering making a move, contact Ken Richter today at 403-630-6363! He can help you strategize how best to enter the market based on your varying needs. 

One of the biggest aspects to purchasing a home is figuring out 1). How much home you need and 2). How much home you can afford. Figuring out how much home you need is usually the easy part. You need to consider how many people will be living in the space now and in the future. You need to consider how much backyard space or parking space you'll need. You need to consider number of rooms, living areas, kitchen space, etc.. Deciding how much home you can afford is also highly personal. 

Start out by knowing what mortgage you can comfortably afford. You should meet with a lender or…

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The surge in remote work has revolutionized not just our professional lives but also our housing preferences and choices. As more companies adopt flexible work arrangements, the concept of the traditional office job tied to a specific location for you to live at is fading. This shift in work culture impacts the housing market significantly. Here are some of the ripple effects:

  1. A Need for Home Office Spaces: With remote work becoming the norm for many, the demand for dedicated home office spaces has skyrocketed. Buyers and renters seek properties with designated areas suitable for work—a quiet space conducive to productivity, whether it's a separate room, nook, or converted space.
  2. A move back to the suburbs and rural properties: The allure of…

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The classic saying "location, location, location" is a classic for a reason. The importance of location cannot be overstated; it profoundly influences the value, demand, and potential return on investment of a property. Understanding the role of location in real estate investment is crucial for making informed and profitable decisions in the market. 

So, why is location so important? Here are the top 5 reasons:

  1. Property Value: Location significantly impacts a property's value. Desirable locations—such as those with proximity to amenities, good schools, public transport, and low crime rates—tend to command higher property prices. Conversely, less favorable locations might result in lower property values, impacting potential profits for…

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The stats are in! Here are some of the highlights from the Calgary Real Estate Board's latest report:

  • "... with 2,171 sales, levels were 17 per cent higher than last year and amongst the highest levels reported for October" (Calgary Real Estate Board)
  • " Sales activity has been boosted mainly through gains in apartment condominium sales" (Calgary Real Estate Board)
  • "New listings also improved this month compared to last year, reaching 2,684 units" (Calgary Real Estate Board)
  • "... months of supply [is at] one and a half months" (Calgary Real Estate Board)
  • "The unadjusted benchmark price in October reached $571,600, a gain over last month and nearly 10 per cent higher than last October" (Calgary Real Estate Board)

CREB® Chief…

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Step into a cherished family home that has been meticulously maintained and thoughtfully updated, both inside and out.

This charming 3-bedroom bungalow in the sought-after upper Montgomery area is a testament to pride of ownership. Its exceptional location places you just a stone's throw from Market Mall, a few blocks from the Children's Hospital, and in close proximity to the University of Calgary and the vibrant University district shopping.

A series of valuable upgrades ensures that this home stands out. Newer windows flood the interior with natural light, while a recently installed forced-air furnace and tankless water heater, as well as a modern central air conditioner, enhance your comfort and convenience. The attic has been generously…

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Considering a move to a new location is a significant decision, and it's natural to want to test the waters before taking the plunge. "Putting out feelers" is the perfect approach to explore a new place without fully committing. Whether it's for a job opportunity, a change of scenery, or a fresh start, here are some effective ways to gauge the suitability of a potential move:

  1. Visit Friends and Family: If you have friends or family living in or near your target area, visit them. This allows you to spend time in the area, assess the lifestyle, and gain a better understanding of what daily life is like.

  2. Take a Test Commute: If your move involves a new job, consider taking a test commute. This means visiting the area during rush hour to…

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