Real Estate Blog - Bow Crescent Calgary Real Estate

The 2018 Calgary Real Estate Market Forecast

The Calgary Real Estate Board held its annual conference where the forecast for what the Calgary real estate market will look like this year took place. These forecasts are created by gathering data from the previous year, analyzing year over year trends, applying economic variables and evaluating any recent changes to the housing industry. This report gives a reliable prediction of what the market will look like in 2018, lest there be any major, unforeseen events. 

We highly recommend visiting www.creb.com to explore all the resources they have available to make you an informed buyer, seller or investor. You can also find a more in-depth report on the forecast on their website, but here are some of the highlights you need to know specifically:

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Give Your Home for Sale an Advantage

At Team Ken Richter we know that properties don't just sell themselves. This is why we have an in-depth, tried and true marketing plan set in place to make sure that great homes find great buyers. Read all about our marketing plan here. 

Right now the Calgary real estate market has a lot of inventory. With more homes available to buyers, sellers need to make sure their home has a competitive advantage over the others. Here are some ways you can make your home stand apart from the rest:

Make Sure The Price is Right: Properties priced at market value generate more buyer interest. When you list a home for more than it is worth, buyers will be immediately turned off. When you list a home for way less than it is worth, you miss out on the chance to get…

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JUST LISTED: 7136 34 Avenue NW

Check out this huge 75x122 R-C2 lot with a lot of potential!

This four bedroom, fully developed 1200 square foot bungalow is in need of a little TLC. It has big double detached garage plus lots of additional parking. With unobstructed views of C.O.P. and the hill side escarpment, the location is great. It is across from a Catholic school (Grade 1-9) and a short walk to two other schools. This home gives you easy access west to the mountains and only a short commute to downtown. Call today to be apart of this rejuvenating area of Bowness!

View this Listing || Explore Bowness || Contact Us

Ken Richter is a trusted name in Calgary real estate; his experience is your advantage. Ken and his Home Selling Team are friendly, dedicated and knowledgeable…

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JUST LISTED: 4315 Bowness Road NW

Calling all developers, first time buyers and investors!

This massive 50x120 FT M-CG zoned lot features an approximately 900 square foot raised bungalow. With three bedrooms upstairs and one non-conforming bedroom suite downstairs, this home has plenty of living space.

The lower suite features big windows and has it's own separate entrance. Right now it contains a large den, but this could easily be transformed into a fifth bedroom. A shared laundry also resides in the basement. 

The property needs to be updated cosmetically, but you could rent this house out for monthly for positive cash flow or tear it down and build 4-6 units on this lot. The recent re-zoning of this property to M-CG gives you all the more options to watch your investment…

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New Mortgage Rules

The new mortgage rules that we have been warning you about have finally arrived. Global News writes that as of "January 1st, 2018, Canadians getting, renewing or refinancing a mortgage might have to prove that they would be able to cope with interest rates substantially higher than their contract rate." This stress test is to ensure that anyone applying for a mortgage could handle that mortgage, no matter what the interest rates jump to. 

While this may not seem like a major deal, a recent "analysis by the Bank of Canada suggested... some 10 per cent of Canadians who got an uninsured mortgage between mid-2016 and mid-2017 would not have qualified under the new standards" (Global News). Even those able to put a full 20% down or more on their future home…

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Making an Emergency Kit

For many Canadians, seeing America's panic over the bomb cyclone sweeping over the southern states and up the coast has been somewhat comical. As they experience high winds, snow and plunging temperatures, some regions are calling states of emergency. For those of us in Canada, high winds, snow and plunging temperatures are an average winter day. It's called a blizzard, and we have survived many. 

However, we need to be somewhat empathetic. Cities such as Calgary who experience bomb cyclone-like conditions regularly are well equipped to handle the intense weather; places in the southern states are not. In many of the areas that the bomb cyclone is passing over, cities don't have a fleet of snow plows ready to go when needed, vehicles don't have winter…

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4 Days Until 2018: Most popular New Year's Eve Resolutions

The New Year is a great opportunity to set up  goals and make resolutions. While statistics show that the average person sticks to their resolution for barely a week and a half, there is nothing wrong with positive thinking. 

What are your resolutions for the New Year? At Team Ken Richter we all have different resolutions, from improving our posture to making time for rest on Sundays.

Here are ten of the most popular New Year's Eve Resolutions:

1. Exercise more / Lose Weight
2. Quit Smoking / Drinking
3. Spend more time with friends and family
4. Find a new job
5. Save more money / pay off debt
6. Travel
7. Learn how to ______
8. Spend less time online
9. Find love
10. Volunteer More

These are all great aspirations that we encourage everyone…

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Day 20: Celebrating Alberta this Canada 150

This year we decided to launch a blogging series to celebrate Canada's 150th birthday. We featured each province's history, how they celebrated Canada 150 in their unique way, and a list of some of the best places to check out the next time you visit that province. We hope you have enjoyed learning more about Canada and have been filled with a sense of wanderlust; we sure have!

In conclusion of this series, we are featuring our home and native land, Alberta. Like the rest of Canada, Albert has a rich history that long pre-dates any European contact. Aboriginal groups such as the Blackfoot, Blood, Peigan, Gros Ventre, Kootnay, Crow, Tsuu T'ina, Beaver and Slavey inhabited present day Alberta. Their first contact with Europe was not through explorers,…

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Day 13: Celebrating Ontario this Canada 150

Ontario and Alberta have a complicated relationship; particularly in Calgary, one of the country's main Oil and Gas hubs. Though we may have our differences, we are also similar in some ways! Our buyer's agent, Sapna Sharma, moved to Calgary from Toronto and has noted how some of our inner-city and downtown neighborhoods remind her of Toronto.

As part of our continuation of the Canada 150 blogging series, here is a brief history of Ontario:

The area of present day Ontario, Canada was originally inhabited by the Algonquian, Iroquois and Huron aboriginal tribes. Samuel de Champlain was a French explorer who reached Lake Huron in 1615 and prompted French missionaries to established ports around the Great Lakes. The Native American tribes of Ontario…

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Day 6: Exploring Manitoba this Canada 150

The end of our Canada 150 series is being amalgamated into our Christmas Advent blogging. Today we are talking all about Calgary's friend to the east, Manitoba. Learn all about this beautiful province and some of its unique attractions!

Turtle Mountain, part of which resides in present day Manitoba, was the first area of land to be exposed following the ice age. This made it an ideal spot for First Nations groups to settle. European explorers first came to Manitoba via the Hudson's Bay--named after explorer Henry Hudson whose crew abandoned him. The Hudson's Bay Trading Post was swiftly established, and soon, much like what happened in the rest of Canada, European immigrants flooded in. 

Manitoba was the fifth province to join Canada on July 15th,…

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