Calgary Real Estate News & Blog

 

closing_costs_when_buying_a_houseIf you are planning on buying a house or condo, you may know that there are going to be those dreaded closing costs. But how much are the closing costs going to set you back when it comes time to fork out the money for your dream home!

Here is a list of the most essential and typical closing costs associated with buying a house in Calgary.

Closing Costs before You Move In:

  • Your Deposit on the home can be anywhere from $2,000 upwards of 5-10% of the value of the house. The cost of this depends on who you are buying from and what price range you are purchasing in.
  • Inspection Costs can include a Home Inspection and, or a Condo document inspection, a home inspection can be around $500, and the condo document inspection can be approximately
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Questions To Ask About Your Calgary Mortgage Broker or Lender - How do I talk to a mortgage lender?

Most people assume that they only need to walk in with one question: “What’s your best mortgage rates for my house?” 

While that might work to open the door, there are more considerations that you should be asking about. Ask questions like “what’s the term” or “How much with insured mortgages” should get your lender talking. They know that you’ve come prepared to be thorough. Ask leading questions like:

  • What are the penalties?

  • Are there refinancing restrictions?

  • What about portability issues?

These are three big questions that conquer some the hidden regulations that mortgage regulations that can restrict your

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Here is another incredible home that has hit the market in Calgary. Today's Home Crush of the Week takes us to Cougar Ridge. This 6 bedroom and 6 bathroom home is one you are not going to want to miss.

View this home today

84 Coulee Way SW Calgary

Here is what we love about it:

  • The views... WOW... Out of this world
  • The 3 car garage is amazing
  • The kitchen and open floor plan that showcases the view is stunning
  • The master ensuite is to die for
  • The basement is fully developed and ready for your use  

List Price: $1,799,900

Listed By: Jeffrey LeBlanc of Century 21 Bamber Realty Ltd.

Schedule a Tour For This Home

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Quick Links: Questions to Ask Any Broker

You may feel very overwhelmed when it comes to choosing the right real estate brokerage in Calgary for you. With the plethora of options to an agent in Calgary, it can be hard to know what you need to help you succeed in this business. Not all brokerages are created equal from what they offer to the training they provide, and how can they be. Every brokerage in Calgary is unique and different and fits the needs of those agents that are in them. If you find yourself as a brand new Realtor®, or are a seasoned agent looking to make a change in your business, I encourage you to read on. Below you will learn what types of brokerages there are in hopes of finding what is right for you!

First off, we need to

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First Time Home Buyers Incentive Program

On September 2nd, 2019 the Federal Government is rolling out a new First Time Home Buyers Incentive Program. This program is for first time home buyers. If you’re purchasing a home for the first time, are separating from common law or marital relationship or have been a previous homeowner and have been renting for 4 years, you will be eligible for this program.

Take a look at the video below to get all the information you need about this program.

 

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Following the results of study, research, and growth, the Calgary Board of Education has announced major upgrades to 12 schools and proposed 10 new schools around the city. These suggestions and proposals were submitted to the trustees of the CBE for approval earlier this year. The board quickly ratified the proposal and sent it to the province of Alberta for review and approval.

The review process, which takes 12 months, will allow Alberta to plan for budgetary changes, review the proposals, visit the sites mentioned in the announcement and make their final decision in March 2019.

They will conduct some evaluations of the sites we’ve submitted and then a year later announce what schools they’re approving and modernizations they’re approving.” said

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Just before a well-deserved summer break, Calgary city council made the approval official for 14 new communities around the perimeter of the city. Over the course of 10 years, the city has approved the development to begin in a bid to curb the housing crisis Calgary will face should its growth continue expanding.

Calgary’s latest housing decision means an increase of 27,000 new constructions, two-thirds of which are single-family homes. Originally, the council had been discussing the approval of just 11 communities, but 3 additional communities were proposed and approved. This also means tens of thousands of jobs in the next decade or two.  

Of the 14 new Calgary communities, over half of them are due to be constructed in the north of the city with

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We did it, guys! We’re number 4! We’re number 4! Let the gloating begin.

What are we celebrating? Calgary has just been named the top liveable Canadian city this year by the Economist Intelligence Unit’s Global Liveability Rankings 2018. Calgary has always been featured pretty highly on the list, but Vancouver has held the best city in Canada for many years now.

Calgary’s ranking of number 4 in the word places it behind Vienna, Melbourne, and Osaka. Calgary comes in 4th in the world with a ranking of 97.5 points out of a possible 100. Other Canadian cities in the top ten include Vancouver and Toronto, which currently sit at 6th and 7th place respectively.

What has prompted this rise in attraction to live in Calgary? According to the EIU, “The

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