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New listings decline as home prices ease - CREB

Improved sales to new listings ratio reduces inventory gains.   According to statistics released by the Calgary Real Estate Board May 1, 2015,after the fifth consecutive monthly benchmark price decline in Calgary, the number of new home listings eased to 3,064 units in April, an 18 per cent decrease over the previous year.  “With fewer buyers making purchase decisions and improved ...

“Closing Day” Terminology You Need To Know

Closing day is an exciting time. After all, you’re moving into your new home! However, it can be stressful as well. The last thing you need is to be confronted with something you don’t understand. So here is a quick list of common “closing day” terms. Disbursements. This is the allocation of funds to the appropriate parties, such as the seller. Your lawyer will take care ...

Upgrades That Hold Their Value

Do you have a renovation project in mind – and wonder how much value it will add to your home? Remodeling Magazine recently did a study of renovation projects, comparing costs to added value. Here are some of the results: Replacing a main entry door has a return on investment of over 95%. After all, the entrance to a home is one of the first things a prospective buyer notices. Adding a new ...

What's Happening in the Calgary Market?

According to Statistics released by The Calgary Real Estate Board on April 1, 2015, the first quarter activity reflects economic uncertainty in our city.   "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 ...

Easy-to Miss Home Security Tips for Your Vacation

If you’re relaxing on a Caribbean beach, or enjoying a bus tour through historic Paris, the last thing you want to worry about is your home. Most people know the basics of keeping a home secure while away.  Here are some additional tips that are easy to miss: • Tell your kids not to boast about your fabulous vacation plans, especially on social media. The fewer who know that the house will be ...

How to Help Sell Your Home Quickly

Usually when you list your home, you would prefer to sell it quickly. It’s like being the first one served at a crowded ice cream parlour. It’s satisfying.  However, sometimes there’s more to it than that. There may be a truly urgent reason why you need to find a buyer for your property as soon as possible, such as a sudden job relocation.  If that’s the case, it’s important to ...

Changes Coming to Land Titles

Be extra careful with June closings! Land Titles fees increase dramatically effective July 1, 2015. On a $500,000.00 purchase with a $400,000.00 mortgage, the increase will be $940. There will also be an increase in search fees, although those amounts have not been published as yet. If you are looking for a possession date in late June, be careful that title is registered before July 1, 2015. Otherwise, ...

Inventory Climbs in Calgary's Housing Market

From the Calgary Real Estate Board monthly statistics media release March 2, 2015: February sales activity remains low. 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.  “While housing supply levels continue to be ...

​Avoiding Moisture Problems in the Home

There are many hidden sources of moisture in your home that can lead to serious problems, such as mould. To keep moisture levels in check, consider these tips:  • Bathrooms are an obvious source of moisture build-up. Contractor and TV personality Mike Holmes recommends keeping the fan going for at least a half hour after a shower. • Check regularly for water infiltration around window and door ...

How Much of a New Home Can You Afford?

If you’re thinking of shopping for a new home, one of the first considerations is price range. You want to know what you can reasonably afford.  How do you figure that out?  First of all, you need to determine the initial out-of-pocket costs you will need to cover. There are often more costs associated with purchasing a home than its actual price. You need to take into account such additional ...