Real Estate | Page #37

Real Estate

Calgary, you keep surpassing all expectations! While some believed that the housing market would be one of the last to recover following the COVID-19 pandemic, in Calgary this has not been the case. Month after month in 2021 Calgary is reaching milestones not seen since before our oil market crash years ago. May hit a new record: 2989 sales! This is incredible new for buyers, sellers and investors.

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

  • "There were 4,562 new listings, causing seasonally adjusted inventory levels to increase over last month."
  • "The months of supply did trend up slightly this month to just over two months, but it was not enough to halt the upward pressure on prices."
  • "The unadjusted…

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Owning a home is no small feat. Why? Because they are a major financial investment. One of the main things to understand about owning a property is that you will likely start paying a mortgage.

So, what is a mortgage? A mortgage is the money you pay a creditor over time in exchange for them lending you all of that money upfront to pay for your property of choice. Essentially, it is a loan you take out to finance the purchase of a property. Depending on your unique situation, the creditor (typically a bank) will determine how much money they are comfortable lending you based on things like your job, credit score, assets, etc.. Finding out how much money the bank is willing to give you usually directly determines how much money you can spend on a…

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"Walk Score" is a real estate term that gets thrown around a lot, but is rarely ever  defined. So what is this all-important walk score? A walk score is a score an address is given between 0 and 100 regarding how friendly the area is based on walkability. Variables that go into calculating this score are:

  • Area safety & Crime Rates
  • Nearby Transit & Bike Routes
  • Proximity to essential services such as Grocery stores, pharmacies, schools and businesses
  • Composition of  land (Hills, Forests, Plains, etc.)

A walk score is a fast way for potential buyers to see how, essentially, accessible their new home is based on location.

Having a high walk score is often exalted as a wonderful thing, but having a low walk score is not necessarily…

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The Calgary housing market continues to blow expectations out of the water. While some believed it would take years for us to recover from the coronavirus pandemic, after wave two we say the market skyrocket. This April was no exception: Calgary recorded it's highest sales for April in a very, very long time. Here are some of the highlights from the Calgary Real Estate Board's report:

  • "There were 3,209 sales in April"
  • "Recent price gains and tight market conditions have encouraged many sellers to list their home this month."
  • "Demand was strong enough to absorb the additional supply, ensuring the market continues to favour the seller."
  • "4,670 new listings coming onto the market in April, inventory levels trended up relative to last month…

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Some homes are temporary landing pads. They may be a rental place while you save for your first deposit, a smaller property you use to build equity towards something larger one day, or something else. Whatever it is, it served you well, but now it's time to find that forever home people write stories about.

By forever home, we don't necessarily mean forever. We just mean a property that is going to be a long term home, where you will likely spend the majority of your years. This home will hold a significant place in your heart and memories, so make sure to choose carefully! The following are some tips on what to look for and keep in mind as you search for your forever home:

First, recognize that this isn't a situation you need to rush into. Take…

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It's been a chilly week for Calgary as we experience our annual April snowstorm. With advice to stay at home due to rising COVID-19 cases, more people are going to be settling in with snacks and Netflix this weekend. And, if you're looking for some fun real estate shows to watch, here are some recommendations: 

Selling Sunset: "Selling Sunset is an American reality television series on Netflix created by Adam DiVello. The series revolves around the Oppenheim Group, a high-end real estate brokerage firm in Los Angeles, and follows a group of agents as they navigate their personal and professional lives" (Wikipedia). This show has three seasons so far, with another two coming soon! Watch it now to see some incredible homes in LA. 

Tidying Up with…

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Making the decision to find a retirement home can be difficult financially and emotionally. The reason? For most this means moving away from a home they have had for many years.

One local Calgarian described how difficult it was to make the decision to sell the home she had lived in with her late husband for over thirty years. They had made so many memories in that house, and poured their whole hearts into it. She noted that while leaving was hard, the transition gave her freedom to move into the next stage of life, onto the next adventure. Now she lives in a condo near her grandkids that has given her the financial and physical freedom to travel and spend more quality time with her family. She said the decision to find a retirement home was…

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We have been happy to report good news month after month when it comes to the Calgary real estate market. This month is no different - great job, Calgary! This is why we have loved serving the city of Calgary for over thirty years. Each day is exciting and filled with possibility. Through every downturn and curveball, Calgary pushes on with tenacity! 

The Calgary Real Estate Board has released their statistics summary. Here are some highlights from their report, which you can read in full by clicking here. The bottom line? The Calgary real estate market has seen the best sales in over a decade!

  • "The initial impact of COVID-19 on the housing market began last March. One year later, it is not a surprise that March sales in 2021 were higher than…

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Right now is a great time to enter the real estate market.

While many people did not believe we would be saying that anytime soon due to the ongoing shutdowns and restrictions that came from coronavirus, we are pleased to report that Calgary’s current real estate market is hot! Whether you are looking to buy or sell, now is a great time to spring into action.

We are currently in a Seller’s market. If you’ve been considering putting your home on the market, now is a great time to do so. The Calgary Board of Real Estate reports, “Conditions are [strongest] in the detached sector of the market, especially for product priced below $600,000, where strong sellers’ market conditions are present with less than two months of supply.” List your property…

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Buying a home is an incredibly exciting process, especially once you have found a home you like! Many buyers are overwhelmed with excitement as they walk through a home that feels like the perfect fit: the neighbourhood is great, it's close to work and schools, the home itself has everything on their 'needs' list and even a handful of things on their 'wants' list. It's sparkling with that staged home look and they're already imagining where their belongings will find a new sweet spot. An offer is made and accepted, and the home officially is set to (hopefully) go to the new owners after the specified time. They find a home inspector just to make sure everything looks okay under the hood, and...

Mold. Cracks in the foundation. Pipes that need…

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