Calgary Real Estate Blog - September, 2021

What is a purchase plus improvements mortgage?

Purchase plus improvements introduction

Purchasing a previously owned home, that hasn’t been recently renovated, can mean that the new owners want to put some work into freshening things up.  Home renovations have been very popular this year as Canadians moved to larger homes and set themselves up for move favourable work from home situations.

Many of our client’s who utilize our mortgage partners use what’s called a, “purchase plus improvements” mortgage to help make sure that they were borrowing the cost of the renovations at the very best rate.  Purchase plus improvements mortgages can be a super useful tool for clients but they come with a little bit of fine print as well.  Let’s take a quick look at the pro’s and cons. 

Pros of a Purchase…

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Things I Wish My REALTOR® Would Have Told Me

Buying a home rarely plays out as neatly as it does on HGTV.

There are exciting moments, stressful moments, unexpected costs, fast decisions and, occasionally, things buyers wish they had known before they signed the contract.

We originally asked Alberta home buyers what they wished their REALTOR® had told them during the buying process. Their answers are still incredibly relevant today, so we’ve updated the list with some of the things our team believes buyers should be thinking about before buying a home in Calgary or anywhere else in Alberta.

1. Not everything automatically comes with the house

“One of my friends bought a multi-million-dollar home and when they arrived on possession day, they found out the previous owners took all of the…

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Things To Do When Moving Into A New House

It’s totally understandable to be excited if you’re moving into a new house. However, take a moment to think about what to do before moving into a new house. For your own safety, security and  peace of mind, it’s well worth taking care of a few things before you start your move.

USE OUR QUICK NAVIGATION GUIDE BELOW TO JUMP TO ANY POINT OF OUR GUIDE FOR THINGS TO DO WHEN MOVING INTO A NEW HOME:

• Get to know your circuit breaker box and main water valve
• Change the locks
• Check for leaks
• Steam clean the carpets
• Wipe down the cabinets
• Hire a pest control professional
• Painting / drywall repair
• Test your smoke and Carbon Monoxide Detectors
• Child and pet proof your home
• Test your sump pump 
• Bonus: Meet your neighbours

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Calgary Real Estate Statistics August 2021

August 2021 Calgary Real Estate Statistics Recap

The Calgary market continues to trend towards being more balanced after a major kick off at the beginning of the year. 

Year over year trends are seeing major increases in areas like sales, new listings, and prices (across the board for all property types) it is important to note that we're coming off a COVID 2020 real estate year which did bring the market to a bit of pause for many buyers and sellers, this pent up demand has translated into a hot market for 2021. 

“Sales have far exceeded expectations throughout most of the pandemic, driven mostly by demand for detached homes. At the same time, supply could not keep pace and conditions shifted to favor the seller, something that has not happened…

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