Real Estate Blog - Homes for Sale

April 2019 Real Estate Statistics

It's that time of the year again... the Calgary Real Estate Board has released their latest market statistics summary. This one goes over everything that happened in the Calgary real estate market during this last month of March. Did St. Patrick's day bring the Calgary real estate market some good ol' Irish Luck? Read on to find out.

If this is your first time reading these stats, here is what you need to know: ever since the last oil crash that hit Alberta's economy hard, the Calgary real estate market has been struggling to recover. As people lost their jobs, couldn't find jobs, were forced to go further in debt and drained their savings, owning a home became a distant memory or a dream, but not a reality.

This had a severe impact on the…

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Selling During A Buyer's Market

Calgary was established in 1875, garnering its name from the Isle of Gull in Scotland. Fun fact: loosely translated from the original Norse language, Calgary means 'cold garden.' For years people have flocked to our great city; this beautiful, cold garden; in search of something more. Calgary has always been viewed as a welcoming place for those seeking more opportunities for themselves and their families. Here at Team Ken Richter, we are proud to be Calgarians.

One of the biggest draws to this city has been the energy sector. Many jobs in the oil and gas industry are based in Calgary. If you ask any Calgarian, chances are someone in their immediate family works in the energy sector. Because of this great opportunity to find work in a booming field,…

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Website Highlights

Explore our website! We have added some helpful features to make your search better. Here are some highlights:

Refine Search: On the search page there is a “Refine Search” option that allows you to select specific property details, such as amenities, number of bathrooms, property type and area. You can save and title your refined search to easily apply it to future searches. Every time you select one of your saved searches, your pre-selected search criteria will be applied to the listings.

Save Your Favorites: Did you know that you can save your favorite properties for quick viewing later? If you select the heart button when you're looking at a property, that property will be added to your Favorites folder. You can reach this folder by clicking…

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How the Bank of Canada's Interest Rates will Affect You

The Bank of Canada has decided to hold interest rates at their current rate for September, though a rate hike in October seems likely. 

Global News writes, "despite the uncertainty around NAFTA, the BoC appeared to take comfort in the fact that business investment and exports are increasingly stepping in as engines of economic growth. Meanwhile, the bank said, the housing market has begun to stabilize after higher interest rates and changes in housing policy like the tighter federal mortgage rules that kicked in on January 1st, 2018.Canadian families are also adjusting to higher interest rates, with the household debt-to-income ratio beginning to edge down, the bank said. At the same time, a healthy job market and higher wages are helping to support…

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JUST LISTED: 4347 Dovercrest Drive SE

Welcome to 4347 Dovercrest Drive, the perfect four bedroom, fully developed starter home.

This property contains a massive recreation room with a free-standing wood fireplace that is perfect for chilly Calgary evenings. The downstairs contains a den and the fourth bedroom with a three piece bathroom. The other three bedrooms are upstairs, along with a newer four piece bathroom. Some windows have been replaced. Not only do you get a fully fenced yard, but the property also has a huge 13'x13' front deck. 

Situated on a very quiet street across from a large green space, this home is in a great location. It is close to schools and playgrounds, making it a fantastic family home. The long time owner has lovingly cared for this property, which has great…

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JUST LISTED: 6327 Bowmont Crescent NW

This is a property that we like to call a Handyman Special. It needs some work, but it is a great opportunity to build up sweat equity. Finish the work on this partially renovated two bedroom home and profit tomorrow. The house is being sold as is. It is in an excellent location, only one block away from the gorgeous river and fantastic bike paths. Don't worry; this property is not in the flood zone and it did not flood back in 2013. Located on a quiet cul-de-sac, this large 54x120 R-C1 fenced south lot home is priced to sell. Call us today at 403-630-6363 to set up your showing! 

View this Listing || Explore Bowness || Contact Us

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

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JUST LISTED: 4733 & 4735 22nd Avenue NW

Are you ready to own a brand new home? 

Welcome to "High on the Hill," two spectacular south walk-out lots in Montgomery! With sunny, open floor plans in these semi-detached homes, they are going to sell quickly. Act now!

These two properties are currently under construction and are anticipated to be completed by April 30th, 2018. Because they are still being built, you have a chance to choose colors, flooring, etc. Skip the messy parts about building a home! Simply have your say on finishing touches and move into a gorgeous infill in the great community of Montgomery. 

These properties are being built by a high-quality infill builder. The measurements are from floorplans supplied by the builder; RMS will be calculated once the drywall is…

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JUST LISTED: #1907 145 Point Drive NW

This 2 bedroom, 1 1/2 bathroom corner unit sits on the 19th floor in the wonderful Point McKay area. The bright kitchen and open living room make this condo feel fresh, clean and modern. This unit is currently rented on a lease for $1600/month until June 2018. The buyer can assume the tenants and take immediate possession. 

The views from this condo are incredible. Breathe easy as you take in the Bow River escarpment, the downtown core twinkling from afar. The large windows in every area of the house and a corner wrap around porch give you the perfect place to gaze out over beautiful Calgary. 

This condo has underground heated parking and a car wash. You receive a separate storage locker and mailbox, giving you security and privacy. With 24 hour…

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November Events

Some must-see events this month:

Disney On Ice || November 15th - 19th || $$

• Come see your favorite Disney characters skate in the spectacular Disney on Ice show! Disney presents "Follow Your Heart," featuring characters from films such as Finding Dory, Inside Out, Frozen, Toy Story and more! This family-friendly event is a must see for all die-hard Disney fans.
• More information here. 

Calgary Expo Holiday Market || November 25th - 26th || $

• Brought to you by the creators of the Calgary Comic Convention, this holiday market is about to make all of your nerdy dreams come true. Dress up as your favorite character and check out the "local retailers, vendors and artists [that] sell comics, toys, collectibles and art... [Plus], if you…

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Calgary Real Estate Statistics

CREB®, the Calgary Real Estate Board, did not have the best news to share during October's market statistics summary. 

October’s housing market conditions closely echoed previous month’s trends with easing sales, rising inventories and downward price pressure. Like last month, the monthly activity was not enough to derail gains that occurred earlier in the year.

So what exactly were the stats? Here are some highlights to know:

• October Sales: 1,467 units
• Inventory: 6,463 units
• Most Inventory: Detached homes under $500,000
• City-wide Unadjusted Benchmark Price: $438,900 (this is 0.6 % below last month)

CREB® chief economist Ann-Marie Lurie says, "while economic activity has improved in 2017, it will take some time for this to…

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