Real Estate Blog - Calgary Homes For Sale

The Financial Benefits of Owning a Home

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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September 2021 Calgary Real Estate Market Statistics

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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October 2021 Calgary Events

Happy October!

Here at Team Ken Richter we love this season. Bowness Park looks absolutely beautiful this time of year, as does the rest of Calgary. It's going to a great month with nice weather expected to continue, a municipal election, Thanksgiving and Halloween festivities. Here are some autumnal events to check out: 

October 1-17
Stories from Early Chinatown at Lougheed House
October 1-14
Heritage Park Ghost Tours
October 7
Oktoberfest Craft Beer Dinner
October 8
Creatures of the Night
October 8
Prairie Grid Dinner 2021
October 9
Millarville Farmers Market
October 9
The Fall Drag Ball
October 10
Prairie Grid Market
October 10
Calgary Zoo Fall Harvest Dinner
October 11
Thanksgiving Day
October 15
Calgary International Beerfest
October 18
Calgary Municipal Election
…

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Top 3 Fall Renovations

Autumn is the perfect time for finishing renovation projects you started in the spring/summer and beginning new ones to prepare your home for winter. Remember that home renovations are an important part of keeping your property up to date and in the best condition possible. They add incredible value to your property!

Here are three great renovations for your home this fall:

Painting

• A fresh coat of paint is a great way to spruce up your home’s aesthetics. Not only will paint make your home look fresh and new, but there is also a psychology behind painting. Certain colours can elicit certain psychological responses. For example, blue is a colour that is great for productivity. You may not want to use extreme bright or dark colours, so look…

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How to Find a Mortgage Provider

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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Selling After the Summertime Rush

The summertime rush has slowly come to close, leaving in its wake many satisfied buyers, sellers and investors. It was a great season for Calgary real estate. Thankfully the good times do not have to end yet, we’re simply transitioning into another exciting season for the real estate market!

If your home is still on the market, don’t worry: fall is also a great time sell, buy or invest. Here at Team Ken Richter we work tirelessly every year, no matter what the season, to get your home sold at the right time, for the right price.

If you’re feeling anxious about not having sold your home yet, here are two things to consider to help give your home the competitive advantage this autumn:

1). Price: We always give our clients a suggestion on what their…

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September 2021 Calgary Events & Things To Do YYC

September is a month of getting back into routine. Gone are slow summer days of sleeping in, wandering around the park and having a cold drink around the fire. Now is the time for waking up to the alarm, checking off a to-do list and settling back into another season of back to school and work. This transition can be exciting and overwhelming all at once.

Another element to our September? New COVID-19 regulations and restrictions. As Alberta endures a fourth wave, following a wide open summer, it feels like our horizons went from boundless to more restricted than ever before. If you’re feeling disappointed and frustrated, you’re not alone.

We encourage everyone to focus on the positive. Let’s give our attention to what we CAN do, not what we can’t…

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August 2021 Calgary Real Estate Market Statistics

And just like that, September arrived!

August was another busy month for Calgary real estate, though we did see things slow down as the spring and summer rush faded out. The market remains strong for buyers, sellers and investors moving forward. Here are some of the highlights from the Calgary Real Estate Board's monthly report:

• "Citywide sales in August reached 2,151 units, 37 per cent higher than last year and 25 per cent higher than long-term trends."
• "On a year-to-date basis, the eight-month total of 19,516 sales is higher than annual sales figures recorded over the past six years."
• "The months of supply in August was nearly three months... Some improvements in supply compared to sales have been slowing price growth."
• "As of…

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Everything You've Wanted to Know About Labour Day

This weekend is the September Long Weekend!

Monday is Labour Day, which is a national holiday. You may be wondering, what even is Labour Day?

Office Holidays writes, "the origins of Labour Day in Canada can be traced back to a printer's revolt in 1872 in Toronto when labourers tried to establish a maximum 54-hour workweek. At that time, any union activity was considered illegal and the organizers were jailed. Protest marches of over 10,000 formed in response. This eventually led to the Prime Minister Sir John A. Macdonald repealing the anti-union laws and arranging the release of the organizers as well. The parades held in support of the Nine-Hour Movement and the printers' strike led to an annual celebration. The date was officially declared as…

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Back to School Basics

Back to school season is right around the corner! As schools begin allowing students to trickle in, some opening their doors for the first time since March 2020, it feels like a whole new world out there. If you have students in your household, here are some tips to get you mentally prepared for back to school season as we continue to grapple with COVID-19 and talks of mask mandates, vaccinations, lockdowns, fourth waves and more…

1). Create a Health Checklist: Patch Magazine writes, “create a checklist to help you figure out if your child is up to date with their immunizations, they're getting enough rest and if they are mentally prepared for the school year. You'll want to get them back on a sleep schedule, organize their medical records and schedule…

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