Real Estate | Page #35

Real Estate

The Calgary Real Estate Board has released their summary of what happened in the market last month, November 2021. It was a busy one, staying on trend with a year of frantic market activity that has surprised and delighted everyone. Calgary has seen a real estate boom that has allowed sellers to finally sell their properties, and buyers to settle into new homes. While this boom is slowing down, as is typical this time of the year as people are busy with the holidays, Calgary's future remains bright.

Here are the highlights from the Calgary Real Estate Board's report: 

  • "New listings in November totaled 1,989 units."
  • "Inventory levels dropped to 3,922 units and the months of supply dipped below two months."
  • "It is not unusual to see new…

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Welcome to an almost totally redone, fully developed semi-detached infill on a very quiet street in the heart of the inner city!


The bright open design is located on a sunny south rear fenced private lot featuring a total of four bedrooms, two and a half baths, newer kitchen including a centre island and quartz counters. A fantastic south facing bright, sunny addition was completed in 2000 including skylights and vaulted ceilings enhancing the main floor living space! Beautiful re-done maple hardwood flooring, updated bathrooms, the lower level is fully finished including the 4th bedroom, newer 3-pce bath and a huge rec room. The exterior was redone in 2015 (including shingles and vinyl siding). Here's the BONUS - a very large heated 22'11" x…

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When preparing to buy a home, most people can not make the purchase outright in cash. It is totally normally and acceptable to use a mortgage. As you go through the process of getting pre-approved for a mortgage so that you know what your home budget is, the bank is going to do something very important: a credit check. If you're thinking about buying a home but know your credit score won't be good enough, here are some ways you can improve it:

  • Monitor your monthly payments closely! Make sure you are always paying your bills on time, that you are meeting your minimum payments and that you don't skip paying a bill even if it's in dispute. There are helpful apps out there, such as Mint, that can help you keep track of payment deadlines, goals,…

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UNBEATABLE VALUE. Vista West, SUB-PENTHOUSE, corner unit available for purchase with sweeping river and mountain views.

This unit comes with 1 titled, underground, parking stall. Roomy, two bedroom unit with maple cabinetry, granite counters in the kitchen with an eating area / bar, corner gas fireplace in the living room, and 8+ foot ceilings. Expansive Master has floor to ceiling windows and an ensuite with dual vanities. Amenities included a gym, party room, and bike storage (on application). Next door to LRT "free zone", short distance to downtown core and river pathways, and neighborhood eateries / stores surround the building.

 

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Welcome to a very spacious 997 sqft. total of five bedrooms (lower bedrooms require egress windows), two and a half bathroom, semi-attached bungalow on a sunny south fenced lot in a fantastic and quiet inner city location of Montgomery.

The main floor features 3 bedrooms, including the master bedroom c/w a 2-pce ensuite and walk-in closet, plus you can walk out to a rear private south deck. The bright and open living room is highlighted by a beautiful wood-burning fireplace feature wall. The lower level only requires some minor finishing but includes 2 bedrooms, huge recreation room and a 3-pce bath. The low maintenance exterior was replaced not too long ago, including metal siding, eavestroughs and shingles. And here's the BONUS.....a huge…

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It is a very good time to be selling a home; at least that's what the experts at the Calgary Real Estate Board are saying!

Their latest report details an excellent summary of what happened in the real estate market this past month. As we head into November and you may be considering buying, selling or investing, make sure you are informed on where the market is at.

Here are some of the highlights from the Calgary Real Estate Board's monthly real estate market statistics report, which you can read in full by clicking here: 

  • "There were 2,186 sales in October, a record high for the month and over 35 per cent higher than longer-term averages."
  • "Year-to-date sales are on pace to hit new record highs and are currently 61 per cent higher than…

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The journey towards owning a home is filled with hight hopes and hard work. While many find it daunting, working towards owning a home incredibly important. For most people their home will become their largest financial asset. They may cost a significant amount of money, but that doesn't mean people should put off this milestone. Here are some of the financial benefits of owning a home: 

Forbes writes, "your equity in your home is the amount of money you can sell it for minus what you still owe on it. Every month you make a mortgage payment, and every month a portion of what you pay reduces the amount you owe. That reduction of your mortgage every month increases your equity." This equity can be leveraged to help finance and back other endeavours.…

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Are you looking to rent? We have some tips for you!

1). Make a list of non-negotiables and stick to it. Decide before hand what you are willing to spend each month on rent and utilities in order to narrow down your search, only look at places that are pet friendly if that is something you need, if you do not like basement suites, add that to your list, etc! Be flexible, but stick to what you absolutely will not negotiate on and don’t waste your time searching for places that do not fit that criteria.

2). Location is the most important part of whatever space it is you decide to rent. For most people, location is the make-or-break feature of any potential space. Narrow your search into looking only for places by a bus stop, near your place of work…

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September was another great month for Calgary real estate!

Here are some of the highlights from the Calgary Real Estate Board's report:

  • "Residential sales totalled 2,162 in September, nearing the record high for the month recorded in 2005. Further gains in new listings likely supported some of the sales growth that occurred this month." - Calgary Real Estate Board
  • "Inventory levels in September eased to 5,607 units, keeping the months of supply below three months. However, there is significant variation depending on property type and the tightest conditions continue to be in the detached market, with under two months of supply." - Calgary Real Estate Board
  • "As of September, the total residential benchmark price in Calgary was $457,900,…

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Most people do not buy their homes outright. If you can, you should. After all, who wouldn’t want to live rent and mortgage free? But when the average home price in Calgary sits at around $488,000, most people are putting a 10-20% down payment on a house and mortgaging the rest.

What is a mortgage? A mortgage is money a lender provides you for the sake of purchasing a home. You pay this off over time, typically within a 15-30 year range, and pay interest on the loan. Mortgages not only help you get into a home, but help build your credit history and enable you to slowly build equity in your property.

There are many different kinds of mortgages available, but before you can even begin to assess which is best for you, you need to find a mortgage…

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