Real Estate Blog

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- Canmore Uncorked Festival – Tuesday, April 7 – Sunday, April 19

- Underground Film Fest – Monday, April 13 – Sunday, April 19

- Lake Bonavista Home and Garden Expo – Saturday, April 18

- Calgary Comic and Entertainment Expo – Thursday, April 16 – Sunday, April 19

- Calgary Performing Arts Festival – formerly Kiwanis Festival – Mon, April 20 – Thurs, April 30

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Email Version YYC March - April 2015 - 150-01

Inventory gains influence housing prices
First quarter activity reflects economic uncertainty

Elevated inventory levels and low sales for three consecutive months caused unadjusted benchmark prices to ease by 0.44 per cent in March, relative to the previous month, for a total of $454,300. Based on first quarter statistics, conditions are consistent with buyers’ market conditions.

Typical home prices have declined by 0.59 per cent in the first quarter of 2015, compared to the fourth quarter of 2014. The sales to new listings ratio also dropped to 41 per cent and months of supply averaged 4.03 for the quarter. This is a significant change from one year ago when the market was facing inventory shortages and price gains.

“Based on current sales

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Tax Article Image

 

The fees associated with purchasing a first home can really add up. To help Canadians with these costs, our Conservative Government introduced the First-Time Buyer’s Tax Credit. The credit allows Canadians to save up to $750 on qualifying homes purchased after January 27, 2009.

The First-Time Buyer’s Tax Credit is also available to existing homeowners who are eligible for the Disability Tax Credit (DTC) who purchase a more accessible or functional home, or for the benefit of a DTC-eligible person who is related to the individual purchasing the home by blood, marriage, common-law partnership, or adoption.

Home Buyer’s Plan

For many first-time home buyers or builders, saving for a down payment can be the most challenging part. To help Canadian saving

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It is crucial when listing your home to ensure it stands out amongst the crowd.  When the time comes, there are a few things you can do beforehand to make sure it shows its best features.

 Image 1 Prepare home to list
Pre-Sell Inspection – Many people hire an inspector when purchasing a new home, but most overlook it when selling.  A home inspector can uncover unknown problems that can be repaired before listing the property.  This can prevent buyer’s walking away from a deal or seeking a price reduction.

Hire a Handyman – After the inspector reveals needed repairs, have a handyman give you an estimate of various upgrades to consider before listing.  Consult your realtor to determine which upgrades will give you a return on your investment and which ones are not worth the effort.

Rent a

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Closeup calendar page with drawing-pins

- The Big Taste Foodie Festival – Friday, March 6 to Sunday, March 15
- International Festival of Animated Objects – Saturday, March 7 to Monday, March 16
- Wild Rose Brewery Beer 101 – Sunday, March 22
- St. Patrick's Day Party – Friday, March 13 to Wednesday, March 18
- 2015 Western Canadian Ringette Championship – Wednesday, March 25 - Saturday, March 28

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Inventory climbs in Calgary’s housing market
February sales activity remains low

Calgary, March 2, 2015 – Year-over-year new listings growth eased from 37 per cent last month to nine per cent in February. However, as sales activity remained below long term averages for the month, Calgary inventory levels rose to 5,474 units in February.

Email Version YYC March 2015 72-01
“While housing supply levels continue to be higher than we have seen in this market for some time, they remain below February 2008 record highs of nearly 7,000 units,” said CREB® chief economist Ann-Marie Lurie. “If the pace of growth in new listings continues to ease, this could place some downward pressure on the supply growth in the resale market.”

After the first two months of the year, there have been 6,236 new listings

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You know the feeling you get when you walk into someone's house that's decorated to the nines and is so clean you could eat off the floor? The one that makes you stand back and say 'wow’?

Well, here are some ways to take this one step further when renovating your home. Not only will your guests say 'wow,' but their jaws will hit the floor, their eyes will pop out and their hearts will skip a beat.

Feb 2015 Renovation


1. An ‘S’ shaped seat turns your shower or steam room into one you can lie down in
2. Consider a hidden room
3. Build a second mini fridge into your kitchen island for beverages
4. Magnetize your walls so you can hang anything
5. Stretch a hammock across your ceiling.

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YYC Taxes

Most likely, you've already received your property tax assessment from the City of Calgary. Although the City doesn't have enough staff to look at every house, it bases the assessment on several key things such as age, size, layout, traffic noise, proximately to things like schools, etc. Here are some helpful tips for better understanding your assessment.

What is it?

This assessment makes sure the value of your home reflects how much tax you have to pay on it. So in other words, the assessment places a dollar value on your home for tax purposes.

Why did I see an increase or decrease from last year?

Your property assessment should reflect how the overall market did last year. If houses in your neighbourhood didn't sell as well as they did the year before,

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  events-banner

Calgary Boat & Sportsmen's Show – Thursday, Feb 5 to Sunday, Feb 8
Family Quest - Gasoline Alley Museum – Thursday, Feb 12 to Monday, Feb 16
In The Heat of the Night - ZOO – Friday, Feb 13
Eau Claire Market Family Fun Day – Monday, Feb 16
Canada's Top Ten Film Festival – Friday, Feb 20 to Thursday, Feb 26
Calgary Home + Garden Show – Thursday, Feb 26 to Sunday, March 1

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