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A number of clients are still wondering what is going to happen this year in Calgary Real Estate prices.

 

As we said last week - and now confimed by CREB: prices will be flat this year.

 

CREB actually forecasts a slight price increase (1.58%)  which for all intents and purpose is flat.

 

This means fo not expect prices to chnage anytime soon. 12 months from now we will review again.

 

Download the FULL 2015 CREB FORECAST Below

 

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We have listed an incredible new house for Sale at 137 BAYSIDE PT SW in Airdrie.
Absolutely Immaculate Bayside with over 2400 SF of Family Living on an Oversized Corner Lot. Beautiful Main greats you with Bright Vaulted Entrance ! Gorgeous Cherrywood welcomes you to the Beautiful Wide Open Contemporary Kitchen with centre island and corner pantry. Relax in your Warm Family Room accented with a Feature Fireplace. French Doors lead to a large Office that could be a formal Dining Room. Beautiful Staircase leads to one of the LARGEST Master Rooms you will ever see. WOW-His and Her Ensuite Spa with Jetted Tub and Radiant Skylight. Two Bright Kids Rooms with own Bath and Large Laundry Room eases chore time. MORE? Finished Basement with HUGE bed, perfect 3pc bath and GIANT Rec-Room for your family entertainment. MASSIVE Backyard with so much space for everything - RV Parking, fire-pit, gardening, trampoline - you name it. Amazing Price and Location! Across the street from the Canals and perfect Kids Playground. Quick Walk to Schools. Central AC, Newly Painted and Move In Ready. A MUST SEE!
#YYCRE #MyHomeAgent
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We just Sold another Home at 203 COVEHAVEN GDNS NE in Calgary.
Great Opportunity located in Coventry with over 2000 SF of Family Living on an Oversized Corner Lot. Beautiful Main greats you with Radiant Natural Light and all the Wide open space you are looking for! Large Maple Kitchen with oversized island and corner pantry design. Sit back and relax in your Family Room accented with a built-ins and Fireplace. Never run out of room for extended family and friends with Formal Dining AND feature Breakfast Nook surrounded with impressive window wall and 10 foot ceilings. Main Laundry makes chore-time a breeze. Upstairs is a MASSIVE bonus room for your Family Entertainment, 2 nice sized Childrens Rooms, and large Master with perfect ensuite and walk-on closet. Serene Backyard offers so much space for whatever you want - fire-pit, gardening, trampoline. Amazing Price and Location minutes to Stoney, Deerfoot, Schools, Shopping, Cardel Place - everything!
#YYCRE #SOLD #MyHomeAgent
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Finally a reasonable and rational outlook for Alberta in 2015

  

Todd Hirsch, chief economist at ATB Financial, considers Alberta's prospects in 2015:

 

 
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We have listed an incredible new house for Sale at 146 BRIGHTONWOODS GREEN SE in Calgary.
Looking for that Move-In Ready Custom Family home with a HUGE Lot? Look no farther than this Beautifully Upgraded 5BED Cedarglen build with over 2800 Developed SF. Incredible Grand Entrance welcomes you home. Unload work in your Spacious Executive Den then breathe in the Gorgeous wide-open Main with Warm Traditional Finishings. Elegant Kitchen with Custom Cabinets, Trim, and Tons of Counter and Island space. Relaxing Living Room with cozy feature Stone Fireplace. Upstairs offers HUGE Bonus Room flooded with Sunlight and Surround sound. Stunning Master Retreat with Jetted Tub, His and Hers Ensuite and large Walk-in. Kids rooms are large enough to easily fit bunk beds plus whatever else they may want. MORE? Professionally Finished Basement with 2 beds, bath and Rec-Room. Over $45,000 in Builder Upgrades: Custom Kitchen / Lighting / extra Windows / larger Breakfast Nook, oversized Garage, Maintenance free Exterior. Lot inc: Aspen Trees, Two-Tier Vegetable Garden, Underground Sprinkler RI, Composite Deck
#YYCRE #MyHomeAgent
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We have listed an incredible new house for Sale at 203 COVEHAVEN GDNS NE in Calgary.
Great Opportunity located in Coventry with over 2000 SF of Family Living on an Oversized Corner Lot. Beautiful Main greats you with Radiant Natural Light and all the Wide open space you are looking for! Large Maple Kitchen with oversized island and corner pantry design. Sit back and relax in your Family Room accented with a built-ins and Fireplace. Never run out of room for extended family and friends with Formal Dining AND feature Breakfast Nook surrounded with impressive window wall and 10 foot ceilings. Main Laundry makes chore-time a breeze. Upstairs is a MASSIVE bonus room for your Family Entertainment, 2 nice sized Childrens Rooms, and large Master with perfect ensuite and walk-on closet. Serene Backyard offers so much space for whatever you want - fire-pit, gardening, trampoline. Amazing Price and Location minutes to Stoney, Deerfoot, Schools, Shopping, Cardel Place - everything!
#YYCRE #MyHomeAgent
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We have listed an incredible new house for Sale at 140 NEW BRIGHTON LANE SE in Calgary.
Looking for the spacious Triple Garage with 220 wiring & gas line? Looking for a Professionally Finished Basement? Looking for 5 bedrooms? Looking for a HUGE South Facing Yard with custom Composite Deck? Your search is over, this home has it all! Gorgeous Main floor offers a large Den perfect for the busy Professional. Elegant Kitchen designed right out of a magazine with Stainless Appliances, Dark Stained Cabinetry and Granite. Sit back and relax in your Family Room accented with a River Rock Fireplace. Upstairs you will find 2 nicely sized Childrens Rooms, a MASSIVE bonus room for your Families Entertainment, Upper Laundry, and a Master Retreat. Escape to your Master Retreat complete with a walk in closet, 5 piece Ensuite, separate Tub/Shower and His & Her sinks. Amazing lower level has the 4th and 5th Bedrooms, a Giant Rec-Room and a Full Bath with Heated Tile floor. Upgrades continue everywhere: Custom MudRoom, Lighting, Tankless Hot Water, High E Furnace, RoughIn Hot Tub, Wired for Sound and MORE!
#YYCRE #MyHomeAgent
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We just Sold another Home at 100 BRIDLEWOOD VIEW SW in Calgary.
This Exciting Open Concept Floor Plan is literally Drenched in Sunshine. With almost 1600 SF of living space, this Home provides everything you could want. Quiet End-Unit greets you with 9 foot Ceilings and Gleaming Floors, the main floor is Designed For Your Convenience. Spacious modern Kitchen with beautiful Maple Cabinets, TONS of Counter Space and complete with large island and Gas Stove. Oversized South Facing windows in the Living Room allow Sun to sparkle the entire day. Your cozy fireplace is the place to enjoy hot chocolate on those chilly winter evenings. Upstairs you'll find three HUGE bedrooms including a Master Retreat with Ensuite and Spacious walk-in. Need to relax? Kick back in your Jetted Tub and wash the stress away. Upper Floor location makes Laundry easy. Great Complex close to all amenities, schools, parks and transportation. Low Condo Fees, Large Back Deck and attached Fully Insulated Garage. Call Now!
#YYCRE #SOLD #MyHomeAgent
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We just Sold another Home at 416 MCKENZIE LAKE BAY SE in Calgary.
OPEN HOUSE SATURDAY NOVEMBER 22, 2:00-4:30. GORGEOUS FIRST LAKE ACCESS HOME!! By far the best priced lake access home in South East Calgary! Plus it is FIRST LAKE ACCESS and only 10 in total with a shared paddle boat. Large sunny, treed south west back yard backing on the green walkway. Very private feel. Beautifully renovated and professionally presented. Wonderfully warm feeling! Maple cabinetry, stainless steel appliances, granite counters, gleaming hardwood throughout the main floor. The "bonus" room up is a parents retreat complete with cozy fireplace. Super sized deck with glass railings plus lower decks for additional privacy. Beautifully landscaped with underground sprinklers. All this on a quiet crescent in one of Calgary's very best, mature Lake Communities! Your family will love it and you for finding it!! Be quick.
#YYCRE #SOLD #MyHomeAgent
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Scott Mcgillivray, Host of HGTV Show Income Property, Encourages Calgary City Council to Amend Secondary Suites Policy

 

Calgary has a housing affordability crisis. One part of the answer is simple and effective - get City Council to  approve secondary suites citywide.  Help spread the message.


 

Scott McGillivray, best-known as the host of HGTV Canada’s hit series, Income Property, is encouraging Calgary City Council to amend its current policy on secondary suites to create safe and affordable housing and provide sound investment for homeowners while addressing the current housing shortage.

 

 

 

Read the full letter and story here:

 

http://bit.ly/secondsuite

 

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You don't notice it – but most buyers will.

 

Imagine you're viewing a potential new home. You walk in the front door and are instantly impressed. You explore the property room by room and like what you see.

 

Then there's something you notice that's not quite right. An odour. You realize that it's likely cat dander and, now that you've identified it, you smell it everywhere. Suddenly the home doesn't seem as attractive as it did just moments earlier.

 

The owner of the property is probably so used to the smell that he doesn't even notice it. Neither does anyone else in the household.

 

 

 

So, when marketing your home for sale, be scent sensitive. Think about the odours that you may have become used to but others are likely to notice. Even odours you think are pleasant, like the strong scent given off by some house plants, may not be pleasing to everyone.

 

An odour can easily distract a buyer from appreciating the good qualities of your property. Pay particular attention to garbage bins (which can smell even when empty), pets, kitty litter (even when fresh and unused), the

kitchen (especially after cooking), perfumes, and closets.

 

The smell of cigarette smoke is particularly unpleasant to many people. Its odour can linger even on an outside deck or patio. 

 

Bottom line? Don't assume buyers won't notice certain smells. They will.

 

Ever have any of these experiences? Tell me about it below.

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FROM RECA (Real Estate Council of Alberta)


Consumer Alert: Derek Johnson, aka John Davis,  
Predatory Real Estate and Mortgage Practices - Unlicensed Activity     


For immediate release November 13, 2014


Derek Johnson is breaking the law. He needs a licence under the Real Estate Act to trade in real estate on behalf of others and deal in mortgages. He does not have these licences and has never had them.

Derek Johnson says he is helping people. He is not. He preys on home owners who are in a vulnerable financial position and facing foreclosure.


Johnson used to operate Free List Calgary and is currently involved in www.joerhealestate.com (Joe Rheal Estate). He has also been involved in Partners in Success Mortgage Inc. and New Age Financing. None of these are licensed to trade in real estate or deal in mortgages in Alberta.


The Real Estate Council of Alberta has issued a direction to Johnson to cease unlicensed practice. Johnson has ignored this direction to stop. The Council is taking further action.

 

If someone offers to represent you in a real estate transaction or to deal in a mortgage for you, ensure that individual is licensed by RECA. RECA is the licensing and governing body for real estate, mortgage brokerage and real estate appraisal professionals in Alberta. Consumers can find out if an individual is licensed through RECA’s website, www.reca.ca. Use the “Searching for an Industry Professional” tool.


Licensed individuals must meet and maintain licensing requirements. Among them, individuals must provide a Certified Criminal Record Check prior to licensing, complete comprehensive pre-licensing education and ongoing re-licensing education, and maintain errors and omissions insurance. In the event of a licensee’s fraud, breach of trust or failure to account or disburse money in accordance with the terms of trust, a consumer may be eligible for compensation from RECA’s consumer compensation fund.


If you have concerns as a result of dealings with Derek Johnson, Free List Calgary, Joe Rheal Estate, Partners in Success Mortgage Inc. or New Age Financing, please contact the Real Estate Council of Alberta toll-free at 1-888-425-2754.


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"Not in my neighborhood"
 
 
How has this idea disseminated across Calgary's social thinking?? It is like some virus spread from Calgarian to Calgarian - destroying common sense. Even more confusing when you recognize that many people who live in Calgary --  were not even BORN here. 
 
I'm willing to wager that most people coming to Calgary have lived in other areas of this planet where tenants have no negative social stigma.  At least this stigma doesnt seem to to exist in other cities I have visited whether it was national or International. Admittledy, my tourist experience is different than a resident. Still, it seems like something uniquely Calgarian and uniquely crazy.
 
We absolutely have to get rid if this false notion that renters n Calgary are negative influences on a neighborhood. Who decided this ?? And how is it that this idea propagates so easly?
 
What is Calgary known for?
 
1. Oil and Gas Industry
2. Calgary Stampede
3. Invented the Caesar cocktail
4. Believe tenants dont have the right to live in the city borders - except in some outdated and very narrowly defined geographic areas that have no basis in rational thought or common sense. 
 
Do we really want this to be our mantra ??
 
Lets get real. 
 
Secondary Suites should be legailzed in ALL communities across all zoning. As long as the suites obey Safety and Building Codes.
 
Lets change the social dialogue! Pick any exclusive Community in the City - and repeat after me...
 
"Secondary Suites in (insert your favorite exclusive community here) WILL NOT destroy property values and privileges."

Have a great day :)
 
 
 
 
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Condominium sector boosts Calgary resale housing activity


Price growth eases as supply improves



Click here to access the full monthly statistics package.

 

Calgary, Nov. 3, 2014 – Continued double-digit gains in the condominium apartment sector helped to fuel a 10 per cent increase in Calgary’s residential resale housing market in October. Overall sales for the month totaled 2,147 units, compared with 1,948 during the same period last year.

 

“Two consecutive years of relatively strong employment and population growth, combined with rising wages and low lending rates, have supported demand growth in our housing sector,” said CREB® chief economist Ann-Marie Lurie.

With a 14 per cent gain, the city’s condominium apartment sector recorded the largest year-over-year growth. It represents the sixth consecutive month that sales in this category have increased by double digits – due, in large part, to better selection of relatively affordable product. More than half of this year’s new listings have been priced below $300,000.

“Tight rental market conditions combined with low mortgage rates have supported demand growth for condominium product in Calgary,” said CREB® president Bill Kirk, noting apartment sales have also set a year-to-date record, totaling 4,202 units. “Much of this demand is coming from both first-time homebuyers and investors.”

While sales improved, year-to-date condominium apartment listings also increased by nearly 30 per cent to 6,528 units. The pace of growth has exceeded sales growth causing a rise in inventory levels.

“Rising listings relative to sales activity has caused apartment inventories to improve,” said Kirk. “This has pushed this sector into more balanced territory, reducing some upward pricing pressures and giving buyers more options.”

Meanwhile, year-over-year condominium townhouse sales growth eased to eight per cent in October compared to the same period last year. Year-to-date sales, however, are still up 19 per cent to 3,303 units. New listings have similarly kept pace, creating access to more inventory for buyers.

Much like the condominium sectors, October sales in the singlefamily market experienced healthy gains, growing by 9.7 per cent to 1,462 units compared to same period last year. Meanwhile, new listings totaled 1,871 units. Year-to-date single-family sales and new listings have totaled 15,301 and 21,890 units respectively.

As of October, only 18 per cent of new single-family listings were priced below $400,000 and only 387 remained in inventory by the end of the month.

“While buyers can still find single-family product priced under this threshold in Calgary, the selection has consistently declined over the past four years,” said Kirk. “As our market moves into more balanced conditions, there has been a notable shift in the composition of the market. Not only do condominiums represent a larger share of total activity, but product availability by price range and property type has shifted.”

Single-family, apartment and townhouse benchmark prices totaled a respective $513,500, $299,800, and $337,800 in October. While all sectors saw unadjusted monthly prices level off and growth ease, year-over-year increases remained above nine per cent across all categories due to gains achieved this past spring.

“All citywide resale segments have recorded a moderate easing of supply constraints, which should help stabilize prices as we approach the end of the calendar year,” said Lurie. “Nonetheless, consumers should be aware that market conditions can vary significantly depending on the location and property type.”

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Take a minute to check out this video and get informed on what happened this year and what is happening right now.
 
- The record market we saw this summer (and why it happened)
- Where the market is now
- What the current real estate landscape means for you TODAY - whether you are looking to buy or sell
 
 

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We just Sold another Home at 381 BRIGHTONSTONE GREEN SE in Calgary.
Looking for the Perfect Family Home? Looking for a HUGE Bonus Room? Looking for a Big Backyard with a Hot-Tub and Deck? Looking for a Great Deal? Your search is over -- Opportunity is calling you in Amazing New Brighton. Built by Award Winning Morrison Homes - the Large and Spacious Main Floor greats you with Gleaming Hardwood and Tile. Enjoy your beautiful Kitchen with Maple Cabinets and upgraded black appliances and bonus Gas Stove. You'll Love the extra windows and Sunshine brightening up your Spacious Living Room and Dining Room. Upstairs you'll find the perfect Bonus Room to kick back, relax and enjoy Movies and TV. Indulge yourself in the King-Sized Master Bed with a Private Ensuite Spa. Need MORE? Kid Friendly yard and large Private Deck for BBQ's and great times in the upgraded Hot-Tub. Partly Finished Basement is super easy to personalize and complete. AMAZING CASH BACK DEAL - get $4000 cash at closing to repaint the entire house!! Priced to Sell. CALL NOW.
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We have listed an incredible new house for Sale at 100 BRIDLEWOOD VIEW SW in Calgary.
This Exciting Open Concept Floor Plan is literally Drenched in Sunshine. With almost 1600 SF of living space, this Home provides everything you could want. Quiet End-Unit greets you with 9 foot Ceilings and Gleaming Floors, the main floor is Designed For Your Convenience. Spacious modern Kitchen with beautiful Maple Cabinets, TONS of Counter Space and complete with large island and Gas Stove. Oversized South Facing windows in the Living Room allow Sun to sparkle the entire day. Your cozy fireplace is the place to enjoy hot chocolate on those chilly winter evenings. Upstairs you'll find three HUGE bedrooms including a Master Retreat with Ensuite and Spacious walk-in. Need to relax? Kick back in your Jetted Tub and wash the stress away. Upper Floor location makes Laundry easy. Great Complex close to all amenities, schools, parks and transportation. Low Condo Fees, Large Back Deck and attached Fully Insulated Garage. Call Now!
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We just Sold another Home at 1811 24 AVE NW in Calgary.
Looking for that Affordable Inner City Family Home that's move in ready? Charming Capitol Hill is Perfectly Located on an South Facing oversized 145 lot - walking distance to Shops, Library, Confederation Park, Schools, and Much More. Warm and Attractive entrance to your Spacious Living / Dining room with feature Fireplace creates that Inviting Atmosphere for entertaining or relaxing. Love Sunrises? The Morning Sun greets your Dazzling Kitchen with recent renos including Granite, Backsplash, Flooring and Lighting. Plenty of Counters, Island and Breakfast Nook compliment the ideal way to start your day. Spacious Upper provides a King-Sized Master Retreat and Ensuite plus two more Kids beds. Finished basement complete with Giant Rec-Room, Custom Millwork and Huge storage space. Incredible shared backyard must be seen to believe! New Roof, Eaves, Deck and Freshly Painted. Minutes to downtown, hospitals, UofC, SAIT - WOW one of the Best Deals in Inner City Calgary!
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We just Sold another Home at 2030 ASPEN CRES SE in Calgary.
Rare Opportunity on one of the Nicest Streets In Southview! Stop Paying Rent and Build Equity in this Amazing Starter or Investment Home. A Very Private street with Mature Trees welcomes you to this Updated Bungalow on a HUGE oversized lot opposite a Beautiful Park. Spacious Main Floor features incredible Oak Hardwood and Updated Kitchen and Bath, 2 large bedrooms and a huge Living Room to unwind. Fully developed illegal Basement Suite with 2 bedrooms,4 piece bath and Large Family Room and Kitchen. Easy Investment Rental or Live Upstairs and Rent Down with a Perfect Mortgage Helper. Recent updates include: New Stucco and Stone exterior, Roof Shingles, High Efficiency Furnace, Hot Water Tank, Low Maintenance Backyard, Appliances, Some Windows. Minutes to Downtown, Off-Leash Ridge Greenspace, Valleyview Park and Walking distance to schools, shopping and more!
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Please visit our Open House at 1811 24 AVE NW in Calgary.
Open House on Sunday, October 12, 2014 2:00 pm - 4:30 pm
Open House Sat / Sun 2-430pm Looking for that Affordable Inner City Family Home that's move in ready? Charming Capitol Hill is Perfectly Located on an South Facing oversized 145 lot - walking distance to Shops, Library, Confederation Park, Schools, and Much More. Warm and Attractive entrance to your Spacious Living / Dining room with feature Fireplace creates that Inviting Atmosphere for entertaining or relaxing. Love Sunrises? The Morning Sun greets your Dazzling Kitchen with recent renos including Granite, Backsplash, Flooring and Lighting. Plenty of Counters, Island and Breakfast Nook compliment the ideal way to start your day. Spacious Upper provides a King-Sized Master Retreat and Ensuite plus two more Kids beds. Finished basement complete with Giant Rec-Room, Custom Millwork and Huge storage space. Incredible shared backyard must be seen to believe! New Roof, Eaves, Deck and Freshly Painted. Minutes to downtown, hospitals, UofC, SAIT - WOW one of the Best Deals in Inner City Calgary!
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