Speaking Fluent Real Estate: The Calgary Edition
Posted by Cody Tritter on
Speaking Fluent Real Estate: The Calgary Edition
A Simple Guide to Understanding the Terms You Will Hear When Buying or Selling a Home in Calgary
If you have ever walked out of a real estate conversation thinking, “What did half of that actually mean?” - you are not alone.
In Calgary, buyers and sellers hear terms like RPR, conditions, possession date, and deposit almost immediately. For most people, it can feel like a completely different language.
The reality is that real estate does have its own terminology. Not because it’s overly complicated, but because each step of the process has a specific meaning behind it.
Once you understand those terms, everything starts to make more sense. Conversations become clearer, decisions get easier,…
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Calgary hasn't witnessed for quite some time. The pressures of the pandemic are keeping inventory at persistently low levels, while low interest rates and those looking to move up out of smaller living situations are driving demand.
from first time home buyer single family homes to luxury penthouse condominiums in the downtown core, to gorgeous acreage properties that hug the perimeter of the city. However, the bulk of homes in Calgary are single detached rather than high-rise multi-storey buildings and as a result there is quite a bit of urban sprawl seen throughout meaning the diversity between communities and their amenities and offerings is quite dynamic.