General Real Estate 
There are currently 40 blog entries related to this category.
Pitfalls of Buying a Foreclosure Property in Calgary!
Why is that you just don’t see the same deals among foreclosure properties as on TV?
Well, for starters it’s because it’s TV and because the foreclosure examples that you’re seeing as huge opportunities are usually based in the US.
The Real Estate Act in Alberta is 100% different than south of the border and the system is designed to prevent anyone of making a substantial profit at the cost of someone else.
Phase number one of the foreclosure process is called the “Preforeclosure” or the redemption period which could last around 6 months. During this time, the Court of Queen’s Bench provides the homeowner a chance to make up their arrears and bring their bills into balance. If they are able to this, they can keep their house.
If the homeowner is still in…
Secret Signs of Where Calgary's Real Estate Market is Heading!
Learn how to predict the market and avoid making another mistake that could cost you tens of thousands!
It looks like Calgary’s real estate market is heating up again! And it’s time to learn from the past.
By tracking this graph below, and looking at the spread between the amount of sales and the number of listings on the market we can draw a very predictable outcome for our real estate market.
(click on image to enlarge)
Because prices only increase if there is a shortage of inventory, therefore it makes sense to keep an eye on the inventory levels and sales activity going up.
In this graph, when the sales line is going up and the inventory levels are dropping, it means an improving market and there is a good chance of things moving towards a…
Bank report reveals hottest investor markets
A new report on varying provincial fortunes hints at where to make that next real estate investment. Psst, there's oil there.
“Strength in the energy sector has rekindled in-migration and helped firm up the labour market,” writes economist Robert Kavcic, touching on Alberta in the new edition of the BMO Blue Book “With the recent growth spurt, measures of cost pressure and capacity constraints are picking up, but remain far from the extremes of the last boom.”
Read Full Article Here...
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Important Changes for Buyers in Calgary
When an offer gets accepted by a seller, usually the buyer still need to get their financing approved and complete a home inspection. Until most recently, the sellers used to take their homes off the market, and change its status to “Pending” or conditionally sold.
As per the new rule change made by CREB, now a seller can instruct their Realtor not to remove the property from the market and keep its status as an “Active” listing. Seems to be fair to the sellers as they are not losing any marketing time incase the buyer fails to firm up the deal. But what about the rest of the buyers who are very committed to finding a new home?
Edmontonians have already adopted this system many years ago, and apparently it’s working great for them.
What do you think? Do…
2012 - Calgary Real Estate Board Market Prediction
CREB releases their market prediction in every January. If you are in the market to buy or sell your property in 2012, this report just may be the most important research document for you to base your decision on.
2011 had certainly showed some improvements to the market by single-family home sales increasing 9.06 per cent. However, if compared to the ten year average, it is still lagging about 17 per cent from where our transaction volumes should be at.
There is definitely more optimism on the streets of Calgary, especially when oil is over $100 a barrel and many oil companies are once again finding it a challenge to fill professional positions to keep up with demand.
Housing prices have been very stable in Calgary for the past several years and we are…
Merry Christmas!
From my family to yours we would like to wish you a very Merry Christmas! May the timeless message of Christmas fill your heart and home with joy today and throughout the coming year!
Federal Election and Calgary Real Estate
There’s nothing better than a good federal debate. Well actually, that’s not true. Having a government be able to do its job without being having to be sidetracked by numerous costly elections, well that surpasses the greatness of watching prime-minister-wannabes duke it out on live TV. As I was watching the debates last night---wondering what must have happened to Mr. Ignatieff in his childhood that turned him into such an angry individual---I considered what we have lost by being forced into this 300 million dollar-election. Of course the first such thing that came to mind was the grinding halt which befell Realtors’ federal lobbying efforts, among many other things. But you’re not here to read about the other things, you’re here to read about real…
How to Become a Real Estate Millionaire in Calgary...
So, you’ve got a twenty percent down payment burning a hole in your pocket, and you’re looking for a place to spend it. Your friend, Mike, tells you to get a single family house in Bridlewood, but your other pal, Steve, says you should invest in condos in Evergreen. Your dad swears that houses in the Calgary Beltline are the newest up-and-comers. So who do you believe? You’ve got a pocket full of cash, and head full of dreams about investing in Calgary Real Estate and finally achieving total financial freedom. But is it possible? Yes, it absolutely is!
One of my past real estate coaches, Don R. Campbell, (author of books such as Real Estate Investment in Canada) encourages people to do their homework. When you a buy a home in Calgary for the sole purpose of…
Love it or List it
So, you have pasta noodles falling off your pantry shelves. Your kids’ clothes are pouring out of their closets, and you’ve got more shelving on your walls than pictures. It’s time to move. Or is it?
One when question I’m asked all the time is whether people think it’s best to renovate their home into something that suits them, or go and look for a totally different home that better suits their needs. Basically, whether they want to love it, or list it. There are so many different elements involved in making a choice like that, and before you jump in with both feet, there are a few real estate facts that you should know before you sign on with a contractor or a Calgary Real Estate Agent.
To me the choice between loving it or listing it can sometimes be a…
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The Terms of Use Agreement shall not impose a financial obligation on the Registrant or create any representation agreement between the Registrant and the Participant.
All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Disclaimer: Information herein deemed reliable but not guaranteed by the CREB and EREB.
Last updated on: 2012-05-17 00:22:34
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