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Tiny-House Village, Complete With Solar Panels and Gardens, Approved for Okotoks
Jun12

Tiny-House Village, Complete With Solar Panels and Gardens, Approved for Okotoks

STEPHANIE BABYCH Updated: May 29, 2019 The mayor of Okotoks says a tiny-house village approved for the town will go a long way towards providing affordable housing while reducing the community’s environmental footprint. Okotoks town council approved the development of the first phase of the “eco-village” Monday by a vote of 5-2. Phase 1 includes 42 affordable-rental units, market-rate rentals, short-term vacation rental units and...

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Costs of Living Near CTrain Station Vary Widely Across Calgary
Jun12

Costs of Living Near CTrain Station Vary Widely Across Calgary

Cheaper housing exists in northeast, while west and inner city are the most expensive CBC News · Posted: May 09, 2019 1:13 PM MT | Last Updated: May 9 (Robson Fletcher/CBC) If you want to live along one of Calgary’s CTrain lines, you could spend $1.1 million, or you could spend $199,000. That’s the spread between the most expensive houses and the cheapest condos within a 10-minute walk to a station, according to average...

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Sales Activity Improves for Second Consecutive Month – June 2019
Jun12

Sales Activity Improves for Second Consecutive Month – June 2019

City of Calgary, June 3, 2019 Sales growth in May was met with a decline in new listings. This combination eased the pressure on inventory levels, which finished the month at 7,467 units, a decline of 12 per cent compared to last year. Improving sales relative to inventory levels caused the months of supply to ease to just under four months. While still oversupplied, this is an improvement from the five months of supply recorded last...

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These Are The Best Canadian Cities For Single Homebuyers, According to Zoocasa
Mar05

These Are The Best Canadian Cities For Single Homebuyers, According to Zoocasa

If you can, avoid British Columbia and Ontario altogether.   By Jessica Chin   Buying a home is no easy feat, and buying a home on one income is even more difficult.   Real estate site Zoocasa has rounded up the most and least affordable housing markets for single homebuyers in Canada, based on median incomes for Canadians aged 25-64 and average home prices.   It found the most affordable housing markets for single...

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Housing Market Stats: Great Inventory Keeps up Going into November
Nov06

Housing Market Stats: Great Inventory Keeps up Going into November

Elevated inventory levels compared to sales, are causing prices to ease further in Calgary’s housing market. Citywide benchmark prices totaled $426,300 in October, trending down for the fifth consecutive month and resulting in a year-over-year decline of 2.9 per cent. “Job growth in this city remains a concern, as unemployment levels remain well above levels expected for this year. Rising costs of ownership also continue to weigh on...

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Public Art Project with $911,000 Price Tag Draws Mixed Reviews
Nov06

Public Art Project with $911,000 Price Tag Draws Mixed Reviews

The work titled Ascend features a pair of 14-metre-tall welded, stainless steel tubing matrixes mirroring each other on pedestals on a hill behind the Shane Homes Rocky Ridge YMCA Another publicly funded art installation, this one with a $911,000 cost, has become a lightning rod for some Calgarians. The work titled Ascend — a pair of 14-metre-tall welded, stainless steel tubing matrixes mirroring each other on pedestals perched atop a...

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Here’s How To Keep Your Home Chic On The Cheap
Nov06

Here’s How To Keep Your Home Chic On The Cheap

Whether “staging to stay” or “staging to sell,” this is how to set the scene without breaking the bank! Trade in that pricey paint! Be inspired by chi chi ‘heritage’ paint brands, but save along the way: nip in store with your ‘pricey’ colour swatch, and have something similar brewed in one of those shaky shaky paint machines. Spot the difference? Hmm: you’d be hard pushed. Yup,...

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Unemployment Rate Slows Housing Market Recovery
Sep11

Unemployment Rate Slows Housing Market Recovery

City of Calgary, September 4, 2018 – Easing sales, gains in new listings and elevated inventory levels continue to slow Calgary’s recovery in the housing market in August. Persistent oversupply in the Calgary housing market continued to weigh on prices in August. Citywide benchmark prices edged down over previous months by 0.8 per cent and are 2.4 per cent below last year’s levels. “Calgary’s employment market has persistently high...

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Canada’s Most Livable City is Not Vancouver…It’s Calgary
Sep11

Canada’s Most Livable City is Not Vancouver…It’s Calgary

Vancouver residents felt a sting to their sense of urban pride when they saw the news that their city had lost to Calgary in a ranking of the world’s best cities by The Economist magazine. The magazine creates the index for their professional, globetrotting demographic. The Economist’s “Global Liveability Index” by The Economist Intelligence Unit (EIU) surveys and analyses 140 cities using both objective and subjective measures...

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Conditional Sales Disclosure
Jul07

Conditional Sales Disclosure

Why does the MLS Show ACTIVE, when a property is Conditionally Sold? A number of clients have asked us why a property shows Active on the MLS when the property is Conditionally Sold? This seems Crazy to us also. Here is the reasoning as explained in a Calgary Real Estate Board Article From January 2014 WHAT IS PENDING STATUS? You are selling your home. There are myriad of papers placed in front of you to sign, and at least as many...

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2-year Amnesty for Calgary’s Illegal Secondary Suites Now in Eect
Jul05

2-year Amnesty for Calgary’s Illegal Secondary Suites Now in Eect

City hopes to bring 1,600 suites into compliance over next 24 months The amnesty was called by city council in March when it approved secondary suite reform measures. Besides making secondary suites a discretionary use across a good portion of the city, council agreed to make the secondary suite registry mandatory. To encourage the landlords of the estimated tens of thousands of illegal secondary suites across the city to bring their...

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The Bank of Canada Will Raise Rates in July — and Canada Will Be Fine
Jul05

The Bank of Canada Will Raise Rates in July — and Canada Will Be Fine

Canadians have had too much fun at the cheap credit buffet, and it’s time for the country to eat its vegetables.   When the Bank of Canada meets on July 11, it should, and probably will, raise interest rates. Yes, hiking rates for the fourth time since last July means it will become more expensive to hold debt (of which Canadians have plenty). Household consumption will continue to slow, and delinquencies could tick higher. But...

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Major Calgary Thoroughfare Gets Green Light for Final Phase
Jul05

Major Calgary Thoroughfare Gets Green Light for Final Phase

CALGARY—The final leg of the Calgary Ring Road will soon be under construction, completing the 101-kilometre project after roughly 40 years of planning and construction. Premier Rachel Notley made the announcement, flanked by Mayor Naheed Nenshi and provincial transportation minister Brian Mason, in downtown Calgary on Thursday morning. Construction of the final leg — the West Calgary Ring Road — is scheduled to begin in 2019. It’ll...

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Calgary Market Overview: May 2018 by Richard Robbins
Jun27

Calgary Market Overview: May 2018 by Richard Robbins

Great presentation by Richard Robbins: he is analyzing Calgary market with the most up-to-date stats and breaks the data down in a very visual and comprehensive way. This presentation was created to target the real estate agents, but I find it could be beneficial for my clients as well: great overview of the current market in just 5 minutes! Click the image or the link below to watch the video:   Richard Robbins | Calgary Real...

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B.C.’s New Speculation Tax Leaves Albertans Feeling the Squeeze
Jun06

B.C.’s New Speculation Tax Leaves Albertans Feeling the Squeeze

  “I am not a speculator,” says Michelle Kralt. Eleven years ago, Kralt inherited a two-bedroom bungalow in Sidney, B.C., a suburb of Victoria. Kralt was taking a master’s degree in nursing. Her husband was a medical student. They had a new baby. They’d had to leave British Columbia to pursue their degrees. The house meant the couple could regularly to visit their parents, who lived in Victoria. Two years ago, her husband died,...

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Alberta Economy Bounces Back and That is Very Good News for Canada
Jun06

Alberta Economy Bounces Back and That is Very Good News for Canada

In the first three months of this year investors spent nearly $1 billion on commercial real estate in Alberta’s two biggest cities. In Calgary investments were down just 1.7 per cent from the same period in 2017. In Edmonton’s heartland industrial zone, a new $3.5 billion petrochemical plant is high-balling construction, indicative of a city economy that posted GDP growth of 5.7 per cent in 2017 and appears poised to remain a leader...

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Lending Conditions Weigh on Housing Demand: CREB Market Stats May 2018
Jun06

Lending Conditions Weigh on Housing Demand: CREB Market Stats May 2018

  May sales activity continued to ease, with the largest declines occurring in the detached sector. Additional gains in new listings continued to increase inventory levels. Citywide sales activity in May totalled 1,726 units, 19 per cent below last year’s levels and 24 per cent below longer-term averages. Sales activity in the detached sector declined to levels not seen in over a decade. “The impact of rising lending rates and...

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Winter Ice Damming
Mar14

Winter Ice Damming

As the weather warms in Calgary with the coming of Spring, one issue that many home owners have to deal with at this time of year – and we get a lot of calls for – can actually look beautiful, but obscures potential real dangers to a home: Ice Dam or some times called: ice damming.   What is an ice dam? An ice dam is a ridge of ice that can be formed at the edge of a roof and prevents melting snow -accumulated over...

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Landlords and Cannabis what you need to know.
Dec05

Landlords and Cannabis what you need to know.

Landlords and Cannabis what you need to know. On December 5, 2017 the Calgary Residential Rental Association had an informative meeting to discuss the Legalization of Cannabis in Canada on July 1 2017. They explained how this might affect Alberta Landlords. My top Take a ways from this meeting were. During the Event both the pros and cons were presented. The pro side states a number of health benefits from the product.The reality is...

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Property Tax Assessment Review Process
Jan25

Property Tax Assessment Review Process

City of Calgary Property Tax Assessment Review Process IMPORTANT: City of Calgary 2016 Annual Assessment Notices are mailed to all registered property and business owners on January 05, 2016. A Customer Review Period is then held for 60 days following this mailing date, where you can arrange to speak with an assessor regarding any disagreements you may have with your assessed value. To learn more about the Customer Review Period,...

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Consumer Relationships
Oct23

Consumer Relationships

AGENCY RELATIONSHIPS Buying or selling a property can be one of the most significant financial decisions you make in your lifetime and your REALTOR® will play a key role in assisting you. That’s why it’s important to consider how you will work with your REALTOR® to ensure you get the most value from your relationship. Please read this guide thoroughly. Ask your REALTOR® questions until you are satisfied you fully understand your...

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Real Estate Glossary
Oct22

Real Estate Glossary

Real Estate Glossary A good real estate glossary help Calgarians find their way about Calgary Real estate. AMORTIZATION – The number of years it takes to repay the entire amount of a mortgage. APPRAISAL – An estimate of a property’s market value, used by lenders in determining the amount of the mortgage. APPRECIATION – The increase of a property’s value over time. ASSESSMENT – The value of a property, set by the local municipality,...

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Understanding the Real Property Report
Oct21

Understanding the Real Property Report

THE REAL PROPERTY REPORT (RPR) What is a Real Property Report? A Real Property Report (RPR) is a legal document that clearly illustrates the location of significant visible improvements relative to property boundaries. (Improvements to be shown are outlined in Part D, Section 7.6 of the Manual of Standard Practice, which can be found at www.alsa.ab.ca). Get your free copy of the Guide to Understanding the Real Property Report Request...

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Title Insurance
Oct20

Title Insurance

TITLE INSURANCE SERVICES FOR HOME BUYERS AND SELLERS Congratulations! You’re purchasing or selling a home. Your lender will provide you with financing, your lawyer is searching title and the biggest investment you’ll ever make both financially and emotionally is protected against any unwanted claims. Right? Well… not exactly. Rights to Real Estate are not guaranteed. Unless you have title insurance, one of those things that only...

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Property Tax Installment Payment Plan (TIPP)
Oct19

Property Tax Installment Payment Plan (TIPP)

Property Tax Installment Payment Plan (TIPP) Calgary WHAT IS ‘TIPP’? Get a copy Request the PDF Name name Email address email Phone Number phone Submit ‹ › × × Previous Next × Close Property Tax Installment Payment Plan (TIPP) is a Tax Installment Payment Plan that allows City of Calgary  property owners to pay their Property Tax in 12 installments, rather than a single annual payment. HOW DOES TIPP WORK? Payments may only...

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Home Buyer Closing Costs
Oct18

Home Buyer Closing Costs

POTENTIAL HOME BUYER CLOSING COSTS One of the easily overlooked parts of purchasing a new home is preparing for the home buyer closing costs .  The list below shows some of the items you may not have considered prior to purchasing your home that will need to be allocated for. Get your free copy of the Buyer Closing Costs Worksheet Request the PDF Name name Email address email Phone Number phone Submit ‹ › × × Previous Next...

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Guidelines for Great Negotiations
Apr01

Guidelines for Great Negotiations

Guidelines For Great Negotiations   The ability to negotiate successfully is crucial not only for successful real estate transactions, but also for daily life events in general. When negotiating, keep these rules in mind: Challenge the ideas that are presented to you. Negotiating requires you to be assertive and question what you are being told. If you disagree with someone regarding the price, value or condition, speak your...

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Hiring a Home Inspector
Mar08

Hiring a Home Inspector

Hiring a Home Inspector It’s often said that one of the most expensive and important purchases you will ever make will be your home. However, unlike the guarantee a buyer receives with most purchases, there’s no money-back guarantee or return policy if you’re not satisfied with your recently purchased home. Once you buy a home, you’re on your own to maintain it, repair it, anticipate problems and pay the bills. This is why it’s best...

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