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Home Buying & Selling Tips

Get handy tips for buying or selling a home.

Found 61 blog entries about Home Buying & Selling Tips.

Calgary Real Estate Key Statistics for April, 2016

  • Number of Days On Market - 46 (up from 40 in April 2015)
  • Benchmark Price - $441,000 (down from $456,000 in April 2015)
  • Homes sold for $1 million or more - 47 (down from 53 in April 2015)
  • Month with most sales in last year - May 2015 (2,186 total sales)
  • Most expensive Calgary home for sale - $12,250,000 Aspen Ridge
  • Most expensive Near Calgary - $24,888,000 - Rural Foothills M.D. 

Calgary Hit Hardest

Calgary's real estate market continues to wallow in a state of flux when it comes to homes sales as inventory continues to rise, while the number of home sales in Calgary decrease.

In April, some 1,764 homes were sold in the Stampede City, according to the Calgary Real Estate

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2016 New Year's Resolutions from Finance Minister Bill Morneau

2016 Down payment increaseIf you're looking to purchase a home over $500,000 after February 15, 2016, you may want to start socking away more for your down payment.

In an effort to stabilize the Canadian housing market, Finance Minister Bill Morneau will be doubling the down payment required on homes priced from $500,000 to $999,999. Normally, a home or condo priced under $500,000 requires a minimum 5% down payment. With the new regulations, any portion above $500,000 will now require a minimum 10% down payment. Currently homes over $1 million already have a 20% minimum down payment requirement, which will remain as is.

To put this in perspective, if you buy a Calgary home or condo priced at $750,000, you will

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Top 10 Calgary communities for value and appreciationMoneySense recently came up with a list of the Calgary's top communities positioned for price growth when the Economy rebounds. MoneySense looked for growth communities that would offer the most value over 1-year and 5-year periods. Most of the neighbourhoods were in the Southwest and the lack of Northwest communities (Bowness and Montgomery to name just a couple) is fairly surprising.

1. Glenbrook, $591,083

Considered a rock solid community, Glenbrook featuring mostly well-kept single-family homes. It's in a great location, not too far from downtown, and MoneySense expects a very good short-term price appreciation of 17.9% and a 45.6% increase in the next five years.

2. Rosscarrock, $596,823

With easy access to downtown and a good, fairly central

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Canadian economic growth is still leading in Calgary with the lure of higher salaries and job opportunities. This filters down to housing which has consistently remained strong in 2014.

Calgary Listings Fun Facts

Calgary November listing stats

Top 3 Months for Listing a Home

The top 3 months for new listings were:
May with 4,327
June with 3,815
April with 3,754

Which Months Have the Most Active Market

If you're wondering which times of the year have the most active market, the average days on the market were:
January: 40
November: 38
October: 37
September 36
August 35
July: 33
February: 30
June: 29
March: 28
May: 27
April: 27

Million Dollar Homes

We're also seeing 28% increase in home sales over $1 million dollars in November:

  • November 2013 50 homes sold over $1
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Calgary Luxury home communities Mount Royal Elboya

Where to Live in Style in Calgary

Luxury home sales in Calgary are on the rise, with no slowdown in site. There are many great communities in Calgary featuring luxury homes and acreages, so we thought we'd come up with a list of the best. These are in no particular order since it's very hard to name what would be Calgary's top luxury community!

Aspen Woods Luxury Homes

One of Calgary's newer communities, Aspen Woods is in Southwest Calgary, north of 17 Ave. and south of Bow Trail, between 101 St. SW and 69 St. You'll find gorgeous newer homes on large lots with tons of greenspace within the neighborhood.

Mount Royal

Perhaps Calgary's most prestigious community, Mount Royal has held the title of one of the city's priciest locations for a long

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Our "Virtual Handshake"

Virtual handshakeThe internet is a great tool, but it doesn't replace meeting you in person and actually introducing ourself. Registration and the subsequent emails we send out are the closest thing to a virtual handshake we have in our online environment. Unfortunately, this simple process isn't always met with rave reviews.

When faced with forced registration, some folks get upset that they can't even have a little peek before being prompted to view listing details. Others get upset because you've given them a couple views and now ask that they register.

I wish we could keep everyone happy, but what most folks don't realize, taking a couple minutes to register can save you considerable time when doing a property search and help find your

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Calgary's real estate market is so hot, there are not enough homes for sale to keep up with unprecedented demand. While homes sales were up across all Calgary sectors in March, a decline in new listings - particularly single-family homes - means Calgary single-family home inventory is at the lowest level it's been at since 2006.

In March, the benchmark price for a single-family home was $490,600 (an all-time Calgary record), which is up 9.9% from 2013 and up 1.6% from February. Moreover, single-family homes sales for the end of the first quarter totaled 3,901, which is a staggering 9.5% increase from the same period last year. The average sale price rose 7.32% to $556,402, also an all-time high. Moreover, the amount of new listings dropped by nearly 5%.

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Moving to CalgaryThe Calgary Home Team would like to welcome our new office admin, Beka Newman, to the company. She's relocated here from Medicine Hat, and has written this blog post, describing her adventure. This actually gives some pretty good tips for newcomers, or anyone moving to a new place.

Big City Move

As a new assistant to Ryan MacDonald and the Calgary Home Team, I wanted to share with you my moving experience. I relocated here about a month ago from Medicine Hat, AB. As much as I loved my former town, there were bigger and better things in life for me to experience and a lot more job opportunities available here, so I decided that the big city of Calgary was the place be. I knew a couple of people in the area, so I wouldn’t be totally on my own, and

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For Sale by Owner condoAfter trying to sell his two bedroom condo for 6 months, the founder/owner (Colby Sambrotto) of ForSaleByOwner.com settled for using an outside professional. Despite the fact that he stresses on the website that there is NO NEED for the use of a Realtor®!

Colby had his condo in classified advertising and online listings for months, and still no luck! He broke down, contacted an agent familiar with the Manhattan real estate market, who promptly advised that he wasn’t asking enough for the property. After increasing his asking price by $150,000 and with the help of a professional, Colby’s home was sold. Real Estate Professionals live in the market, we know exactly what properties sell for, what buyers are looking for, and what to do to get a home sold!

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Calgary condos, Calgary condos for saleWhen it comes Canada's baby boomer generation, many will be retiring and downsizing in the next few years. In fact, the statistics show that nearly 1,000 Canadians a day will retire over the coming 18 years. Retirement for baby boomers brings about the looming question of where to live for the next phase of their lives. The kids have left the nest, and most retirees will want to downsize their living space.

Downsizing definitely has its advantages. Here are a few good things about the "less is more" lifestyle:

  • A smaller home means a smaller or no mortgage
  • Downsizing usually means no yardwork or snow shovelling, and more time for fun
  • Lifestyle Upgrade: Live close to the amenities that bring you enjoyment

Great Calgary Condos for an Awesome

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