Real Estate Blog

Calgary Home Prices Down 3.4%, Higher Inventory Levels and Less Sales

The Calgary Real Estate Board’s (CREB®) April 2016 Calgary Regional Housing Market Statistics for the City of Calgary confirmed that the Benchmark Price for Total Residential (detached, attached & apartment homes) dropped 3.4% to $441,000 from $456,700 in April 2015 and from $442,800 in March 2016. The most recent high Benchmark Prices of $459,300 in August and September 2015, as well as $462,400 in January 2015, indicate a slow decline in 2016 market prices with no major market correction taking place. 

CREB® reported that slower sales, combined with rising inventories in the apartment and attached housing categories, ensured that market conditions continue to favour buyers in

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Down Payment to Rise to 10% on Homes Over $500,000

Federal Finance Minister Bill Morneau announced changes to the CHMC 5% down payment program to take affect February 15, 2016.  The government backed Canada Mortgage & Housing Corporation's program provides mortgage insurance to Canadians through lending institutions and is looking to reduce it's exposure in the market place by requiring buyers to increase their equity portion.

CMHC Loan-to-Value Premiums for 5%, 10% & 15% Down PaymentsThe Liberals have always expressed concern that home prices in certain Canadian real estate markets may be overheated, so they are increasing the minimum down payment required on a home in Canada from 5% to 10% on the portion of the purchase price over $500,000.

For a $600,000 home, the new 10% downpayment rule will apply

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October 2015 Market Highlights for Calgary Luxury Homes

1.  There were fewer Calgary homes over $1 million sold in October this year than October 2014:  exactly half - 32 versus 64. These included detached, attached and apartment homes.

2.  The median price of all Calgary homes sold over $1 million was not the same for both years: $1,205,000 in October 2015 and $1,300,000 in October 2014. This is a direct result of more homes being sold in October 2015 in the $1,000,000 to $2,499,999 category than all of the other price categories combined!

 

Sales of Calgary luxury homes in October 2015 were down almost 40% compared to a year ago - confirming a slower market. Overall Calgary luxury real estate prices have still not drastically dropped as

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Dear Friends,

October is one of the most vibrant, breathtaking and festive months in Alberta.  The colour of the leaves, the way the air feels and the sun shines in the afternoon, and the hustle and bustle of harvest, Thanksgiving and Halloween. 

While you enjoy these last weeks before winter sets in, try to take in as many local festivities you can – we’ve listed a few below – but don’t forget to get your home prepared for the coming months.  We’ve provided a checklist of the little things you can do now to save time and money later.  There’s also a summary of how the local housing market has faired this past year – something to keep in mind as we close in on the end of 2015 and the surge of activity before the holidays.

If you,

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Calgary Haunted Houses Worth Visiting This Halloween!

With the eerie chills of autumn in the midst, signs of the nearing Halloween is evident in the air. It’s that time of the year when spooky stories of ghosts, gruesome events and paranormal come alive. Children prepare their masks and costumes for the Trick or Treat and/or Halloween party.

Haunted Houses in Calgary - Calgary Real EstateBut how eerie could it be if the Halloween party is held in one of the haunted houses in Calgary? Most of these houses are converted already to venues for public gatherings or sites to reminisce historical events. The more-than-a-century-old city of Calgary has several known haunted houses. Let’s take a look at some of these unique houses in Calgary worth visiting.

According to some sources, these are the most…
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Calgary Home Prices Unchanged Despite Higher Inventory Levels and Lower Sales

The Calgary Real Estate Board’s (CREB®) September 2015 Calgary Regional Housing Market Statistics for the City of Calgary confirmed that the Benchmark Price for Total Residential (detached, attached & apartment homes) dropped to $456,100 from $456,300 the previous month and $457,300 in September 2014. The most recent high Benchmark Prices of $459,900, in November 2014 and $459,100 in January 2015, continue to reinforce overall balanced market conditions and that no market crash is imminent. Even the median price has remained relatively stable over the past year and now sits at $425,000 - exactly the same as in September 2014. Continued job losses and unfavourable economic

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Search Calgary Homes in These Top Rated Calgary Communities

Calgary was nominated as the fifth most livable city in the world in 2015, and as such, offers a lot of beautiful lifestyle features to those who are looking for the best Calgary real estate. Avenue Magazine, in partnership with Leger Marketing, recently released their list of best neighbourhoods in Calgary to live in.

Best Calgary Neighbourhoods - Downtown CalgaryThe criteria used in ranking the 178 Calgary communities include walkability, real estate prices, access to pathways and parks, crime statistics and such others. The survey also highlighted what families found most desirable as well as those currently renting in these Calgary neighbourhoods.

According to Avenue Magazine, most of the people surveyed prefer their neighbourhoods…
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Calgary Luxury Homes Have Modern Interior Design

A home is a castle and is the ideal place to reflects its owner’s personality. Every homeowner has unique tastes and preferences that can be found in every corner of a luxury home. Those who prefer the many conveniences in life want to be lavished upon with great amenities when living in a luxury home. These are the most complete and almost perfect homes with exquisite finishings, lavish amenities, state-of-the-art designs and convenient features.
  Calgary luxury home builders are savvy enough to incorporate the latest modern trends that offer the most efficient and convenient lifestyles to homeowners. Some of the luxury features are necessary while others simply add to the aesthetic beauty and…
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Are You Searching for Affordable Homes in Calgary?

When you’re thinking of buying a house or any Calgary property, you’ll definitely be delighted when you come across one that is relatively affordable and has great growth potential.

Most Affordable Calgary Neighbourhoods with Great Growth Potential For those planing to move and buy a residential property, there’s a large selection of homes for sale in Calgary for you to choose from. MoneySense.ca, Canada's top personal finance website, recently released a list of the top Calgary communities that you should consider for your next home purchase.

Here are the top 10 most affordable Calgary neighbourhoods with the lowest average home prices, but with great growth potential, according to MoneySense:


No. 1: Deer Ridge (Southeast)          View Homes for Sale in Deer
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Calgary Interior Designers With New Home Decor Ideas

Interior design is what makes a Calgary home attractive. Aside from enhancing a Calgary home’s aesthetic beauty, interior design helps manage space, harmonize colours and add functionality to your home. Calgary interior designers are creating impressive modern house designs that appeal to most buyers in today's market by creating open spaces with the right colours and materials that enhance the natural flow of daily activities.

Calgary Luxury Homes - Best Calgary Interior Design TrendsMost Calgary real estate buyers look at price when looking for the "best deal". But what makes people decide to buy an expensive luxury home? Since homeowners spend most of their time inside their home, the interior design, layout and finishing of Calgary luxury homes become…
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