Real Estate Blog

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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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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Calgary sales in January totaled 880 units, well below typical activity

Calgary, February 2, 2015 - Low oil prices throughout January, combined with a shifting outlook in the energy sector, caused unease for consumers. As a result, monthly housing sales activity fell to levels not seen in five years.
Email Version YYC Feb 2015

"Economic conditions this year are expected to be weaker than original estimates provided in December 2014," said CREB® chief economist Ann-Marie Lurie. “This change is partly connected to continued low energy prices, which impact consumer confidence. A lack of recovery in oil has many concerned about their employment status and this concern is reflected through the weaker sales activity in Calgary’s January resale figures,” said Lurie.

Sales levels were over 35…
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Park Point is the latest high rise residential condo by  developer Qualex-Landmark.  This B.C.-based developer already has a history of building in Calgary with recent projects like Mark on 10th, Calla, and Luna.

Park Point is a two-tower project located on 12th Ave and 2nd Street SW looking across from the Central Memorial Park.  The project’s location in Beltline is ideal for the urban resident.  It is walking distance to restaurants, shops, downtown offices, and Calgary’s Plus 15 network. 

Suites will feature high-end finishes such as Italian Armony Cucine cabinetry, stone slab countertops, and backsplash in the kitchen and bathrooms.  Other amenities include fitness facility, private owners lounge with kitchen, guest suite, and concierge

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Often times New Year's resolutions are so focused on losing weight or quitting a bad habit, that people forget it's also a great time to reassess their finances. This year, make it a resolution to create a plan to tackle household debt. Here are four simple steps to get you started:

1. Cut down mortgage costs.
By making your mortgage payments more frequently, you'll save a substantial amount of money in the long run. Instead of making a payment each month, change to a weekly pay mortgage, or even opt for the accelerated-weekly payment.
2. Pay your bills on time
Out of sight, out of mind is not the way to go. It's important not to let your bills pile up, even though they can seem daunting. Instead of having your bills delivered by mail, set up a

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Many families are plagued by clutter in their homes, leaving them feeling overwhelmed and stressed. Here are some tips to help cut the clutter this year:

Toss up your wardrobe - Identify clothes you haven't worn for about six months and take them to a consignment store, or donate them.

Get smart about storage - Put up hooks and hangers in your garage, purchase more shelves and drawers for you home, buy containers to store items under beds -- any opportunity to utilize an area for storage should be grasped.

Don't be overly sentimental - Look for items causing clutter in your house and determine whether or not you truly need them, or if can part with them.

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Yearly records set as monthly sales see slight decline   Condominium and townhouse sales set a new record for 2014

It was a record setting year for Calgary’s condominium apartment and townhouse sectors, as sales reached new annual highs despite year-over-year residential sales declines of 7.5 per cent in December.

Single family sales totaled 708 units in December, a year-over-year decline of 8.3 per cent. Meanwhile, total condominium sales also declined by six per cent over the same time frame, but overall activity remained consistent with long-term averages.

“It is not unusual to see slower activity in the month of December as consumer focus often shifts toward the holiday season,” said CREB® president Bill Kirk. “While monthly sales activity has…
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Bring in holiday cheer, without breaking the bank!

 

It's tough enough trying to get the perfect gifts for all your friends and family, let alone worrying about splurging on extravagant decor. Because the holidays are such an expensive time for many, here's a few ways to decorate your home for less:

• Buy a tree-cutting permit for $5.25 and find your own perfect tree, rather than spending hundreds of dollars on a fake one. You can purchase a permit here:www.extranet.gov.ab.ca/srd/treecuttingpermits/permits

• Make Pinterest your best, decorating friend. Christmas crafts are not only fun to make, they'll save you a ton of money as well.

• If you're throwing a dinner party for Christmas, don't forget about your local dollar store. Often times they'll have

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