This daunting word haunts our television screens as we watch fictional, and sometimes real, people face losing everything. All of the love and care they put into making their house a home was for naught; now the bank owns it and they have to be gone by Monday. We feel sick hearing that word because everyone knows that foreclosure is not something you ever want to experience. So, what is it and how can you avoid it?
Foreclosure is when a homeowner loses ownership of their property to the bank. It's not that the bank ever owned the home, but when you can't pay back the bank, they take your assets. Typically foreclosure happens because homeowners have failed to pay monies owed on debts, particularly a mortgage. As you can see from the
Good news, everyone! We are starting to see a trend emerge: inventory levels are declining, edging off a buyers’ market into more balanced conditions.
The Calgary Real Estate Board (CREB®) reports, "for the fourth consecutive month, inventories in the market declined compared to last year. This is due to the combination of improving sales and a decline in new listings." While the market still leans towards benefiting buyers, if supply continues to reduce and sales balance out, we should see really strong conditions.
CREB® chief economist Ann-Marie Lurie notes, "we are starting to see reductions in supply across the resale, rental and new-home markets. This adjustment in supply to the lower levels of demand will support more balanced
There are so many fun things to do in Calgary this month! Check some of them out and experience everything this vibrant city in Alberta has to offer.
March 5: Calgary Philharmonic Orchestra Concerto Competition - Watch the best of the best compete in this inspiring event. Calgary is home to some truly incredible musicians that have spent thousands of hours honing their craft. Marvel at their great skill and enjoy a night of beautiful music.
March 6: Heritage Park Ghost Tours - They are back and more popular than ever! The Heritage Park Ghost Tours sell out almost immediately every single Halloween, so they are making a ghostly visit this spring for one night only. Act now if you like haunting encounters...
This townhome in beautiful Bowness will be your new home-sweet-home.
This three bedroom is spotless and fully developed. The previous long-time owner invested in numerous upgrades, such as flooring, additional bathrooms (three in total) and much more. Large windows bring in sunlight no matter what time of day it is. The kitchen is spacious and the living room and family room are cozy and bright.
The property includes a nice covered patio off of the kitchen that is perfect for the BBQ, a convenient main laundry attached to a two piece bathroom, two large bedrooms upstairs and a fully finished bedroom downstairs. The three levels offer a total of 1300+ square feet of living space.
Quaint and low maintenance, this building complex offers a
It's Christmas morning for cowboys and cowgirls everywhere as Stampede officially kicks off! The greatest outdoor show on earth attracts millions to Calgary every single summer and has been a wild hit since its inception in 1912. While some Calgarians roll their eyes as tourists flock to our city, we feel proud to live in a place that hosts such a fantastic event focused on sportsmanship and the wild, wild west. The Calgary Stampede has been wowing attendees for over 100 years, and this year will be no different.
Some new activities are hitting the Saddledome grounds this year, such as a quarter pipe in the Monster Energy Compound and curling in the Big Four Roadhouse. One highly anticipated new event is sidesaddle racing. Avenue Magazine writes,
May is full of exciting events, so don't miss out! Here are some highlights:
May 4th || Star Wars Day (May the Fourth be with you...)
May 5th, 12th & 19th || Free Compost Day || Calgary Compost Facility || This exciting opportunity is thanks to the City of Calgary who is "offering free compost for residents to use in their yards and gardens this spring. The compost is made from the food and yard waste collected in the Green Cart Program" (City of Calgary). Take advantage of this FREE event that will help your garden flourish! While you're at it, stop by a Starbucks and pick up some free coffee grounds to sprinkle into the mix - rumor has it coffee grounds are great for growing tomatoes. Get more information HERE.
What was the Calgary Real Estate Board's overall message when summarizing the Calgary housing market for the month of August? Listings are outpacing sales.
CREB® chief economist Ann-Marie Lurie had this to say about the market: “Employment growth is contributing to the stability in sales activity, but it is not enough to meet the recent rise in listings and make a substantial dent in inventory levels. Unemployment rates remain elevated and job growth is mostly occurring outside the energy sector, slowing the recovery process. Broader economic improvements will be required prior to it translating into substantial improvements in the housing market.”
Inventory levels are high, totaling just over 6000 units. While this is 16% higher
Ken Richter placed in the TOP 50 of the RE/MAX Western Canada TOP 100 Residential Individuals for June 2017 year to date.
This achievement is a testament to Ken's hard work and dedication to serving the Calgary community. We would like to thank all of our valued clients for choosing Team Ken Richter, and we look forward to a strong second half of the year!
This Horizon Village 50+ living property is located in Coach Hill.
The wide open floor plan features several upgrades, including a great kitchen with lots of cabinet space, a raised breakfast bar, patio doors off the living room and a separate eating area. There is recently renovated hardwood and tile flooring throughout the home and meticulously detailed work on a new 4 piece bathroom. This spacious home offers two good sized bedrooms (one currently used as a den), a partially finished lower level, a large laundry room area, 2 piece bathroom, and lots of space for a hobby/storage area with a work bench. The freshly painted interior makes this a turn key home; just move in and enjoy!
This property is part of a very well-managed condo. Wonderful
Welcome to this two bedroom, one bathroom end unit located in one of the most sought after concrete buildings in the heart of sunny side.
The kitchen offers maple shaker cabinets and upgraded appliances. Just off of the kitchen is a large living room, featuring a gas fireplace surrounded by custom built-in book shelves and easy access to your own private deck.
Down the hall is the master bedroom where there is the perfect amount of space for your bedroom suite, sitting area or office. The two large windows usher in golden sunlight and green space views. The second bedroom is perfect for overnight guests, an office or a roommate. The main bathroom features a deep soaker tub, a separate shower and room for storage.
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