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Monday, July 4, 2011
5 REASONS TO BUY NOW!
5 REASONS TO BUY NOW!
On the fence about purchasing Real Estate in Calgary?
You should strongly consider buying NOW rather than waiting. Here are FIVE reasons why:
The financial industry worldwide is still feeling the effects of the 2008 financial collapse and global recession. We are still experiencing historical lows with lending rates. It cannot continue indefinitely and they have nowhere to move but up. Don’t get caught wishing you could have the best rates when they are available right now!
· Unemployment is Down: (http://bit.ly/k7QmK6)
· Western Canada has the Hottest Economies in the Country (http://bit.ly/lGlppd)
· Alberta is Headed for a Shortage of Workers (http://bit.ly/md9dbz)
All this equates to fundamental reasons why buying NOW is the right time.
There are GREAT opportunities in the marketplace right now. This will change as the economic market keeps improving. Soon the great deals will have passed you by because....
We at MyHomeAgent have our ears to the ground and are contacted daily by people moving here from out of province. This will impact housing inventory because some landlords will not look to sell their homes (since rents will increase). Fewer homes for sale will mean higher demand for housing and prices will increase.
There are numerous programs available RIGHT NOW that allow people with little or no downpayment to still buy a house in Calgary. These programs will not last forever. Remember you still have to be able to Qualify but in many cases you can get a house with zero down.
Don’t wait to BUY. This ‘sweet spot’ of buying opportunity will pass – it’s just a matter of How soon? Call MyHomeAgent TODAY to get the Best Deals in Calgary.
Monday, February 7, 2011
Tuscany: Virtual Tour
Categories:Buy a House In Calgary,Calgary Buyers,Calgary House Tips,Calgary Market Trends,Calgary Real Estate,Tuscany,VIP BUYERS PROGRAM
Check out this great Virtual Tour of this amazing opportunity to live in Tuscany:
Thursday, January 27, 2011
Growth Anticipated in 2011 for Housing Market
Categories:,Buy a House In Calgary,Calgary Buyers,Calgary Economy,Calgary Market Trends,Calgary Real Estate,VIP BUYERS PROGRAM
Strengthening Economic Recovery and Low Interest Rates Point to a Stronger Than Anticipated 2011 for Housing Market
Prospect of rising mortgage rates may prompt heightened buyer activity early in the year, according to Royal LePage forecast
From Royal Lepage:
TORONTO, January 6, 2011 – The average price of a home in Canada increased between 3.9 and 4.6 per cent in the fourth quarter of 2010, compared to the previous year, as markets shrugged off a lackluster third quarter and returned to a post-recession growth profile. Home values are forecast to continue a moderate and steady climb in many of the country’s key housing markets through 2011 with sales activity skewed to the first half of the year, according to the Royal LePage House Price Survey and Market Survey Forecast released today.
The low cost of borrowing stimulated the housing market in 2010, and this trend is predicted to continue in the first half of 2011. The widely held consumer belief that rates will rise in the latter part of 2011 may prompt an increase in buying activity early in the year.
“Trends in the housing market continue to be driven by the lingering after-effects of the recession,” said Phil Soper, president and chief executive of Royal LePage Real Estate Services. “Canadians realize that interest rates are unsustainably low and that homes will become effectively more expensive when mortgage rates return to normal levels. We will likely see more price appreciation early in 2011 as some buyers complete transactions in advance of anticipated higher borrowing costs.”
Soper added, “2011 is expected to unfold much like 2010, when close to 60 per cent of sales volume occurred in the first half of the year in anticipation of interest rate increases that never materialized. However, housing market activity in the first half of 2011 will be modestly closer to the norm, as last year’s phenomenon was exacerbated by mid-year tightening of mortgage accessibility and the introduction of HST in Ontario and British Columbia.”
Regionally, the strongest price appreciation of the cities studied is expected in mid-sized urban centers where affordability is better than the national average. For example, in Winnipeg, St. John’s and Fredericton, two-storey homes below $300,000 are still widely available. Demand in these cities is expected to be strong, putting upward pressure on home values.
Cities in Alberta are expected to be among Canada’s strongest performing markets in 2011. Woes in the historically volatile region’s housing market stretch approximately five years, when the Alberta housing market suffered a sharp correction following several years of double-digit price increases. The province’s energy-driven economy staged a comeback in 2010, recovering from the recession-led plunge in oil and gas prices. Major employers are expected to steadily increase hiring in 2011 which should attract new residents to the province and put upward pressure on the limited supply of housing. Royal LePage forecasts the average price of a home in Calgary will increase 5.4 per cent through 2011 while Edmonton home prices will increase 3.3 per cent. Home sale transactions are predicted to rise 6.7 per cent in Calgary and 9.1 per cent in Edmonton over the same period.
Across Canada, the average price of a home is forecast to rise 3 per cent over the coming year to $348,600 while the number of transactions is expected to drop 2 per cent.
During the fourth quarter of 2010, average home prices either increased or stabilized year-over-year, with Winnipeg, Ottawa, Montreal and St. John’s seeing the biggest gains. Nationally, the average price of detached bungalows rose to $324,531 (up 4.6 per cent), the price of standard two-storey homes rose to $360,329 (up 4.4 per cent), and the price of standard condominiums rose to $226,746 (up 3.9 per cent), compared to the fourth quarter of 2009.
Mr. Soper continued, “Like many Canadians, we anticipated an end to the ultra-low interest rate era before year-end 2010. Paradoxically, global economic weakness, particularly in the United States, allowed policy makers and financial institutions to keep borrowing costs low, resulting in a stronger Canadian housing market and a better than forecast fourth quarter.”
REGIONAL MARKET SUMMARIES
The residential real estate in market in St. John’s, Newfoundland saw strong year-over-year price gains across all three housing types surveyed every quarter this year. However, market has showed signs of cooling as inventory starts to rise.
Detached bungalows and two-storey houses in Montreal saw an 8.7 per cent year-over-year increase in the fourth quarter, while standard condominiums jumped 11.3 per cent. Average prices in Montreal are forecast to increase by a more modest 3 per cent in 2011 as a more balanced market emerges.
Ottawa’s housing market saw year-over-year price appreciation ranging between 6.3 and 10 per cent across all housing types surveyed this quarter. However, as inventory grows, Ottawa can expect price increases to be closer to 4 percent in 2011.
House prices surveyed in Toronto increased modestly year-over-year. Standard two-storey homes witnessed the largest increases at 5.6 per cent. Market activity slowed in the second half of the year as buyers rushed to the market in the first half of the year in anticipation of interest rate hikes and HST. For 2011, price increases are expected to be very modest at approximately 1 per cent.
Detached bungalows, standard two-storey homes, and standard condominiums in Winnipeg witnessed strong year-over-year price gains this quarter. Detached bungalows performed the strongest, increasing 10.3 per cent compared to the fourth quarter of 2009. Although the market is showing signs of cooling, sellers are still seeing multiple offers and are often receiving higher than their asking price. Winnipeg is expected to maintain its momentum throughout 2011 with prices rising around 7 per cent.
Single family homes performed best in Regina, which saw standard two-storey homes increase 9.1 per cent, while detached bungalows rose 8.4% and standard condominiums increased 2.4 per cent. Prices in Regina are expected to increase an overall average of 5 percent in 2011.
Both Calgary and Edmonton are positioned for house price increases in 2011 with a rebounding energy sector. In 2010, Calgary witnessed moderate year-over-year price depreciation across all housing types surveyed. Edmonton saw more modest price depreciation for two-storey houses, while condominiums decreased 5.7 per cent. Detached bungalows witnessed the only price increase among housing types surveyed at 1.2 per cent.
Single family homes in Vancouver dominated house price gains as two-storey houses rose year-over-year by 9.8 per cent in 2010. Condominiums on the East Side performed particularly well and, on average, Vancouver’s standard condominium market rose 7 per cent. Vancouver prices are expected to increase 3.7 per cent in 2011.
Royal LePage’s quarterly House Price Survey shows the annual change of prices for key housing segments in select national markets.
Thursday, January 27, 2011
More Happy Clients
More Happy Clients
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First Home in Canada for Gil and Mary:
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