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July Housing Statistics - published by The Calgary Real Estate Board

Market remains balanced despite easing in absorption rates CITY OF CALGARY INVENTORY AND SALES TO NEW LISTINGS RATIO Supply gain in apartment sector threatens to impact price Calgary, August 4, 2015 - Declines in residential housing sales activity eased in July, creating, when combined with stable inventory levels, no change to the month-over-month price. Year-over-year sales fell by 14 per ...

How to quickly improve indoor air quality

There are many reasons why the air quality in your home may not be at its best. A faulty furnace or an aged carpet are just two potential culprits. Until you get those issues addressed, how do you make your indoor air healthier — today? Here are some ideas: Check the furnace filter. This is one of the most overlooked maintenance items in the home. Any furnace repair person can tell you ...

Discovering that a home you like has “issues”

Say you’re viewing a home and are impressed with how it looks. The walls are freshly painted. Everything seems bright and new. You’re considering making an offer. Then, while standing on a mat in the kitchen, you hear a squeak below your feet. You lift the mat and see that some tiles are broken. Obviously the mat was there to, literally, cover up that defect. A few broken tiles are ...

How Much Should You Budget for Home Maintenance?

If you own a car, you know there’s more to the cost-of-ownership than just finance payments and gas. You also need to budget for maintenance and repairs. If your car is older, those costs are going to be higher. That’s just common sense. The same is true of your home. It’s wise to budget for anticipated repairs and maintenance. Otherwise, you might be caught by surprise when you ...

The "3 Up" Strategy for Selling Your Home Quickly

There are many reasons why you may need to sell your home quickly: a sudden job relocation; a change in family situation; or perhaps an opportunity to purchase a new home that you just can’t pass up. Whatever the reason, this strategy will help when you need to sell fast. It’s called the “3 Up” strategy. Fix it up. Clean it up. Spruce it up. First, you need to fix ...

June Sales in Calgary

From The Calgary Real Estate Board: "June sales consistent with typical levels Calgary inventory levels ease Calgary, July 2, 2015 - Despite the 18 per cent year-over-year decline in June home sales, for a total of 2,183 units, transaction levels remain only five per cent below the 10 year average for June and three per cent above levels over the past five years. “We’ve seen ...

5 Real Estate Myths

When you buy or sell a home, you’re likely to get lots of unsolicited advice from friends and family.  Some of that advice might be helpful while some of it might not be so helpful.  When it comes to real estate, people tend to make generalizations based on their own experiences when the reality is more nuanced.   Some common examples: 1.  “You should wait to ...

The Calgary Market

As we find ourselves in the midst of summer, a brief review of what we’ve seen in the real estate market so far this year seems in order, especially considering what’s been in the news this year.   According to statistics released by The Calgary Real Estate Board, Calgary’s unadjusted benchmark prices improved in May for the first time since December 2014.   ...

Will the neighbourhood go up in value?

When you purchase a home, you’re hoping it will continually go up in value — just like a good investment. However, there’s something else that you want to see go up in value as well: the neighbourhood. In fact, the neighbourhood plays a key role in what the home will be worth in years to come. If the neighbourhood goes down in terms of desirability, so will the market value of the ...

Should You Sell First and Buy Later? Or Vice-Versa?

When you’re thinking of selling your home and buying another, you face the inevitable question: Should I list my property first or buy my new home first? Let’s take a look at both options. If you attempt to buy a property before listing your home, you run into a couple of challenges. First, sellers may not take you seriously as a potential buyer. After all, you haven’t put your ...