January 2022 Calgary Real Estate Statistics Recap

To summarize the Calgary January 2022 real estate market in one video thumbnail... In January 2022 we saw multiple listings go for over six figures above list price, with unconditional offers! 

Inventory in Calgary is now at only 2,620 units, this represents a significant decrease (35% from 2021) with sales up over 66%! This months supply levels reached the lowest we've seen since 2006. 

“Expected gains in lending rates are contributing to persistently strong demand in the housing market, as purchasers are eager to get ahead of any increases,” said CREB® Chief Economist Ann-Marie Lurie. “We did see more listings this month, but it did little to change the market balance or take any pressure off…

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Instead of buying a prebuilt home, some clients decide to build their own home. When you, (or your builder), are building a home from the ground up, it could be months or even years before you need your mortgage financing.  Depending on market conditions, it could be advisable to get a “builder’s rate hold” mortgage.  This is allows you to hold a, “worst case scenario” rate for the completion date of your new home.  

Special thanks to  our impact partners at the Spire Mortgage Team for assisting with this article! Find out more (at the end of this article) about this incredible mortgage team that helps out hundreds of our clients every year. 

BUILDER MORTGAGES

When would I need a Builder’s Rate Hold Mortgage?

You would need a builder’s rate hold when the…

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With such a large city there are tons of opportunities to volunteer, narrowing it down to only fifteen is extremely difficult. There are a few things to help narrow it down including:volunteering in calgary

Commitment level: There are many volunteer programs that are long term where you commit to a couple hours every week or a couple days every month for an ongoing basis. Other programs you can sign up for a single night or couple hours during the day. One of the best ‘short commitment’ volunteer programs you can do as an individual or with the family is 

Click each of the headlines to be taken directly to the websites volunteering pages. 

An Evening at the Mustard Seed

Or something more long term with this great cause, the options are there for those looking to…

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December 2021 Calgary Real Estate Statistics Recap

If you're thinking about selling your home, now is the time. We are seeing an unprecedented amount of demand on all of our listings.  Our marketing has continued to outpace the industry and has given us some impressive results for our sellers.

Our team is generating many multiple offer situations for our listings, with some homes selling well above list price and in certain instances unconditional offers sight unseen! december 2021 Real Estate Statistics in Calgary

Why is this happening? Calgary is still one of the biggest major cities in Canada left that is still attractive (from an affordability perspective) to live in. While the weather may not be too convincing as of late, many buyers from out of province, and investors are targeting…

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 The holiday season is always a challenge; it is the time of the year where we rack our brains to come up with the ideal gift for that special someone. With some men easier to shop for than others we reached out to local business owner Calvin Butts to help compose a list of his top 5 items for gift giving ideas for that special guy in your life, with some suggestions for shopping local and supporting small businesses in our community. 

Before we begin, get to know Calvin, owner of Calvin Butts Bespoke: With a career spanning over fifteen years I have clothed, shopped for, styed and directing wives, girlfriends, and fiancé to finding the perfect gifts for their partners. Trained under a third generation tailor my career in luxury retail has been focused…

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Paint can make or break a room and if you are like most people you might be nervous about your paint selections. Picking the right colour is an extremely daunting task especially when you get to the paint store (We frequently have used and recommend Cloverdale in Calgary) and discover that ‘white’ or ‘grey’ have 100s of shades each. Just remember it is worth it!! The right execution can elevate a space from small, dingy and rough to clean, bright and fresh for a very minimal cost. Paint is probably the best investment you can make when getting ready to sell your home. Here are a few steps to make choosing the right colour less stressful, help with the process and ensure if you do make a mistake it keeps the time and costs to a minimum. 

Keep reading…

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November 2021 Calgary Real Estate Statistics Recap

Back in September sales were STRONG and they're continuing to be red hot, the city of Calgary and surrounding areas markets continue to stay hot and in demand, with inventory continuing to battle the fast paced sales on the market.  

In November we saw over 2,000 sales across all property types, this is just shy of the previous record which was set in 2005. While some economists believe this to be dReal Estate Statistics in Calgaryriven by what's believed to be impending interest rate increases, the truth is, we really can't say for certain that this is the leading cause. Our country continues to open up for immigration, major cities in provinces like Ontario and British Columbia continue to demand housing prices and costs that are…

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Whether you love DIY projects, need some advice from other home owners, or are in need of some advice for various subjects like home automation, home audio, or your basics like plumbing and electrical, the community of Reddit has you covered! 

In our latest blog, we're breaking down the top subreddits for home owners in Calgary! But. Before we begin, for those who may not be 'Redditors' we'll give you the quick low down on the lingo. 

What is Reddit? 
Reddit is one of the most popular social media platforms on the internet. It is a site that has an immense amount of content.TOP REDDIT COMMUNITIES

What is a Subreddit?
A subreddit is an internet forum that has specific topics that need to be discussed. They are usually moderated by a team of volunteer users who try to keep it…

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You’ve done it! You saved your money, spoke to your investment analyst (multiple times!), signed a mortgage, and bought the perfect home. The next step is moving into your dream home to personalize it and make it feel like your own special space.

The issue is knowing whether to start with a big house renovation or to simply redecorate. Remodelling a home requires many design skills that not everybody has. We came up with a list of important factors that design and renovations experts want new home-owners to consider before diving into a total house remodel.  

RENOVATION MISTAKES

Use the navigation below and discover some of the biggest mistakes you can find in a home renovation. 

1.  Not budgeting enough funds towards the renovation plans
2. Being overly eager…

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After countless hours of house searching, viewing and signing all the papers, the day is almost here—moving day! Finding your dream home can feel like a rush, so when it comes time to finally move into it, a few key things may be forgotten about. And let’s be real, moving isn’t fun for anyone. Luckily, you’ve got us to make sure the transition into your new home is easy and stress-free.

Here are the top seven moving day mistakes we see and how you can avoid them: MOVING DAY MISTAKES

1. Not downsizing before moving day

If you’re sitting here thinking that you don’t have that much stuff, then sure, we’ll believe you. But take it from us when we say people typically own more than they think they do. Chances are, all the items in that drawer you never open will just…

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