The Ultimate Resource for Calgary Home Buyers

The Ultimate Resource for Calgary Home Buyers

Found 14 blog entries about The Ultimate Resource for Calgary Home Buyers.

move_up_in_down_market_postWe've all seen it before. You know when something is going wrong, like really bad, it feels like it's in slow motion. We can replay the moment as an observer from the outside and analyze everything that could have been different.

Unfortunately, this pandemic that we are in, mixed with our economy in Alberta, it may seem like you are stuck. Isolated.

But here's the thing.

If you are in a position of good income still, you have probably saved money over the past number of months due to lack of spending; you could be in a great position to make a move up in this down market.

This may seem like a crazy thought in a time like this, but hear us out, because if you do this right, the math is in your favour.

Right now, the market is down from what it was a couple

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may_2020_market_stats1M A Y ~ 2 0 2 0 || As expected, we are seeing massive drops in terms of sales happening. Across the city, we saw a decrease of over 63% in the number of sales compared to April 2019.

If you are considering a purchase in this market, you may think there will be some amazing deals, but in reality, the inventory is a bit low. So, if you are in a hotter price range (under $500,000) you could see homes still moving quicker if they are priced well for the time we're in.


Where we have seen the biggest adjustments is in the price ranges above $600,000. The number of homes that sold over this price has really dropped. So if you are planning on selling in this range, you MUST have a kick a$$ strategy to get you in front of the potentially few buyers that are

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home_gym_ideasWritten by Erin DuPont

As someone who prefers the socializing aspect of working out as much as the physical and mental gains, I am not one to regularly use our home gym. My husband is a fitness fanatic, and it was his #1 request when we built our home, so we needed to come up with some creative home gym ideas

 

After we built our home, I did find the home gym extremely useful on those freezing January mornings. You know the type of days when it is much easier to put on your sneakers and head to the basement instead of brushing the snow off your car as you’re all bundled up on your way to Antarctica just to peel off layers at the gym and sweat it out in a hot room with 30 other people... Yeah, on that kind of day, I would stay home and found the

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home_office_ideasWhether you are working from home for the foreseeable future or simply keeping your distance, having your home office set up the best way you can is critical to your success. Here are some great home office ideas and ways that you can get the most productivity and creativity out of whatever space you have to work with.

Is it hard to work from home?

Working from home can be challenging for the best of us, especially if the family or others are home with you, let alone having movies, snacks, musical instruments or anything else that can distract you within arms reach. Having a dedicated space that you know you can work from is key. With all the technology at our fingertips from our phones, tablets and laptops, it's easy to think that curling up in a

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real_estate_marekt_report_april_2020

After a really strong start in 2020 that our brokerage saw in sales and activity, we have seen some changes, as expected. Many homeowners are still having possession taken place over the coming weeks from the sales that happened over a previous couple of months.⁠ ⁠ With all the COVID-19 talk and impact on Calgary, we are starting to see some of it affecting our market. Here is what we've noticed:⁠ ⁠

  1. If you are still thinking of selling and are ready, DO IT! 
    Here's why... Many homes are coming off the market, sellers taking a pause in their transition for many reasons. With the inventory low, our agents are actually calling agents who had listings that have expired to see if their client would be open to selling because we have buyers who are
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bank_of_canada_cut_rates_coronavirus_concerns

Effective this morning the Bank of Canada has decreased its overnight lending rate by 50 basis points or .5%.  Although many expected a rate drop in late 2020, this was certainly a more substantial drop than anticipated.  This drop comes on the back of general weakness in the global economy due to the Coronavirus or COVID-19 outbreak and the .50% drop by the Federal Reserve yesterday, March 3rd 2020.

Before today, the last move in the Bank Prime Rate was in October of 2018.

This is a great announcement for both buyers and sellers in Calgary as the market hasn't been kind over the past 5 years. As we mentioned in our March Calgary Real Estate Market Report that we saw a massive jump by over 23% in the number of sales in February over 2019. There

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Real Estate Market Report March 2020

This month saw a double-digit gain in sales, but last February was one of the slowest levels of activity since the late ’90s. With the extra day this February, monthly sales totalled 1,197 units. A combination of these two factors resulted in a 23% improvement over last year, but sales remain well below long-term trends and consistent with the lower levels reported over the past 5 years.

Whether your thinking of buying or selling, the market is generally seeing a balanced market or slightly into the buyer's market ranges. Many areas of Calgary that have detached homes under $500,000 are seeing inventory being bought up quickly. Make sure you have a real buying and selling strategy to help you prepare for what could happen when making the move.

Real Estate Market Report March 2020

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New_Mortgage_Rules_2020There is finally some good news in the real estate world when it comes to your financing and qualifications! As of April 2020 there are some new mortgage rules you need to be aware of!

If you are planning on purchasing a home, you could easily qualify for more. If you have been turned down by the banks or the amount you were qualified for just wasn't enough, it could be your time to finally make that jump. 

We were talking with Lindsay Labrecque with Spire Mortgage Team from MMG Mortgages and here is the low down.

Buyers with less than 20% down will qualify at an average interest rate plus 2%, instead of the current Benchmark rate of 5.19%. Based on assumptions, this is a -0.50% difference from the current qualifying rate and will increase

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honestdoor_comYes, you read that right. Honestdoor.com is a website and a startup in Edmonton, AB that uses artificial intelligence to share that data with the public. It is currently a free site that you can go onto and see what homes have sold for, what they believe it's valued for in today's market as well as the assessed property value history, past permits pulled and much more. They are currently showing properties located in Edmonton, Calgary, Cochrane Winnipeg and many more. Many real estate agents are typically fearful of these types of sites, but we here at Chamberlain Group think this is great. Here is our review on their site as of January 2020, and what they are providing. We will walk through the good and the bad and how you as a home buyer or seller in

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realtor.caYou love Realtor.ca and you find yourself longingly looking at homes on this site multiple times a day. It really is a great way to dream and see what is out there for sale or what your neighbour’s home looks like inside. Am I right? And let’s be honest, it’s painful to use. We all know that, but here are 5 shocking truths about Realtor.ca that you need to be aware of.

To start off, Realtor.ca is the official site of the Canadian Real Estate Association and to be honest, it is just ok. Let’s take a look at why you need a better search experience.

Listings on Realtor.ca are Incomplete

There are a few important things that you will need when searching for a new home in Calgary that you cannot get access to on Realtor.ca. 

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