When more mortgage rules were announced for uninsured mortgages last month, I thought it might precipitate a spike in real estate sales in Calgary. People just don’t want to pay higher interest rates, and with the threat of new buyers being forced into homes in a lower price bracket, and in a neighbourhood they didn’t want to live in, people reacted.
The November 2017 stats were released on Dec 1 by the Calgary Real Estate Board (CREB) showing that sales are up 15% over November 2016 - proving my point. Real estate sales were up to 1,411 units, with improvement in numbers across the board. The majority though were in homes priced under half a million dollars.
Why Sales Are Moving...
You don’t have to be a connoisseur to enjoy a good bottle of wine, but you should know where to shop for the good stuff – where you’ll get good advice on what to bring to a party or to stock in the cellar of your Calgary home.
There are a few shops I especially appreciate in our city, and a few that others appreciate as noted in several online reviews. Here are just a few, and if you have any to add to the list, please let me know in the comments section!
Metrovino Fine Wines
I didn’t save the best for last – I put it first because they are an exceptional shop that does so much more than put bottles out on the shelf. They have wine tastings open to the public – you can check their ...
Your little piece of Calgary real estate could quietly be killing you.
The soil on the Canadian prairies has some of the highest concentrations of naturally occurring radon gas in the country. There’s no odour – no taste and no hissing sound as it seeps into your home. While scientists have been compiling data on the prevalence of radon in Calgary since the 1970s, there is still not enough data to truly give us the whole picture. But the preliminary findings are enough that every Calgary home owner should take action.
I watched some news stories this week about radon gas in the city and a new campaign called ...
How Important is Resale Value?
With the January 1 mortgage rules on the horizon, estimated to affect about 20% of home buyers, people are scrambling to understand what exactly they can afford. The fear – if you want to call it “fear” – is that people will be forced into a lower price range and will get less home than they want and perhaps, have to buy in different neighbourhood.
It’s important to keep one of the basic tenents of buying real estate in Calgary, and that is: is this home a sound investment with good resale value down the...
Last month’s Calgary real estate statistics show the market in our city is in maintenance-mode. No worse and no better when you look at Calgary as a whole. A little worse in some areas and a little better in some.
The Good News
Starting on a positive note, October was a good month if you are selling a semi-detached home. Duplexes or “paired homes” as some marketers are starting to call them, have seen the best improvement this year in terms of price gains. The average price for a semi-detached home was $419,400 which is 3% more than 2016 levels. Demand is up across the city for semi-detached. It’s the only product that has experienced...
The page on the calendar flips to November and buyers are also flipping through a record number of Calgary real estate listings online. Looking for that one, unique property that catches their eye.
That’s another reason why it’s important to keep up that curb appeal even through the winter months, long after the grass has turned yellow and the leaves have fallen and, hopefully, been raked up and bagged. You want your home’s exterior to look it best no matter what time of year it is.
Here are just a few ideas to make sure your home stands out so potential buyers, when they drive past your home, will see it...
If you are interested in purchasing a home in Calgary, ( search Calgary MLS Homes for sale) you might want to take advantage of the Home Buyer’s Plan option that has been made available by the federal government. With this plan, you can use up to $25,000 of your RRSP savings to help finance the down payment on your home. Or, if you are a couple that is looking to buy a home in Calgary, you can use your RRSP savings for up to $50,000 toward a down payment. Before you take advantage of this option, however, it is important to understand how to qualify as well as the pros and cons of utilizing your RRSP savings as a down payment on a home.
How to Qualify to Use RRSP Funds for a Down Payment on a Home
In order to use your RRSP funds toward a down payment on a...
Another round of mortgage tightening is coming, meaning, more people looking for Calgary homes for sale will be forced to by less house.
It was just announced that the Office of the Superintendent of Financial Institutions (OSFI) will be implementing more stringent guidelines and implementing yet another stress test to make sure new home buyers have enough capacity to replay their mortgages.
This follows on the heels of last year’s new mortgage rules which were also implemented to make sure new home buyers can deal with possible increases in interest rates when renewal time comes. It reduced the purchasing power of many people in Calgary looking for their first home.
When they come into effect
For many celebrities, the road to stardom was paved with many bumps as they truly experienced the “rags to riches” fairytale. In other cases, some celebrities appeared to already be enjoying a fairly lavish lifestyle before their rise to celebrity. To that end, here’s a look at a few celebrities and the homes where they grew up versus where they are today.
Hayden Panettiiere grew up in this modest home in Palisades, New York in a location that was just 10 minutes from the Hudson River.
Today, the actress, model and singer calls Nashville her home. The re-imagined 5,000-square-foot home was decorated with the...
Best Calgary Neighbourhoods for Hallowe'en Action
Where are the best Calgary neighbourhoods for Hallowe’en celebrations this year? Where the best candy is dispensed at the door – where ghosts and goblins roam in the greatest numbers and spooky decorations are sure to delight trick or treaters of all ages?
Through the magic of social media and software developers who analyze data from the census bureau, it’s fairly easy to see which Calgary neighbourhoods boast large numbers of kids with a large percentage of dwellings.
Some of Calgary’s more dense neighbourhoods where families are purchasing homes may see heavier traffic. Inner-city areas such as West Hillhurst, Sunalta, Bankview and Altadore are two such areas. As more families move into some...