Calgary Real Estate Board stats for City of Calgary January 2020

Thursday, February 6, 2020Norm Rousseauposted in CREB Market Statistics

Housing market conditions continue to follow similar trends to last year, with gains in sales.
At the same time, there have been further reductions in new listings, inventory and more declines in prices.
January sales activity was 863 units, nearly eight per cent higher than last year’s levels. While sales remained well below January activity recorded before 2014, they remain consistent with activity recorded over the past five years.
“A persistent slowdown in the energy sector has resulted in a reset in many aspects of our economy. This includes the housing market,” said CREB® chief economist Ann-Marie Lurie.

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“We continue to see the slow adjustment to more balanced conditions, but it will take time before that starts to translate into price stability.”
Citywide unadjusted benchmark prices were $417,100 in January. This is slightly lower than the previous month and nearly one per cent lower than last year’s levels.
Benchmark prices eased, but there were some modest improvements in both the average and median prices. This is likely a reflection of some changes in the distribution of sales.

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WELCOME TO LAUREL HOUSE.

Saturday, February 1, 2020Norm Rousseauposted in Buyers

25 RICHARD PLACE SW #203 – $264,900

This home offers one of the best locations in the building! SOUTH FACING END UNIT OVERLOOKING THE COURTYARD. Open concept with an abundance of windows, a fireplace, large island, breakfast bar, and plenty of space to entertain. Two bedrooms at opposite sides of the suite (perfect for roommates) each with an ensuite and good closet space. Enjoy summer evenings on the covered south facing deck. Secure underground parking for you and your visitors plus extra storage and a car wash bay. No need for a gym membership this building has a gym and an amenities room. Easy walk to Mount Royal University, pubs, restaurants, coffee shops and medical. Short drive to Glenmore Park for biking or walking. Quick access to Glenmore Trail and Crowchild Trail. This condo would appeal to students, investors, or empty nesters. Full details:

https://matrix.crebtools.com/matrix/shared/CdJftGqnYx/25RICHARDPlaceSW

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Homeownership is Still the Dream

Wednesday, January 22, 2020Norm Rousseauposted in Buyers

But moderate-income Calgarians might not realize they can afford it.

CALGARY – January 15, 2020 – Who says people are moving away from homeownership? In fact, the dream is stronger than ever for moderate-income Calgarians. 81% of this group want to own a home either now or in the next few years.

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New research released today examines attitudes toward homeownership and the assumed barriers to achieving it for moderate-income Calgarians. This research was referenced at yesterday’s CREB Forecast and is the collaboration between Attainable Homes Calgary, the Alberta Real Estate Foundation and the Calgary Real Estate Board.

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When asked, “Why homeownership?” moderate-income Calgarians selected their top three reasons:
housing stability – sense of permanence; personal investment – paying themselves instead of a landlord; cost certainty – knowing exact monthly costs without unexpected rental increases.

IS YOUR HOME GOING TO THE DOGS

Wednesday, January 22, 2020Norm Rousseauposted in General

lf you, like a high percentage of our population, enjoy the companionship of a special pet, you may already recognize that when it comes time to move that Fido or Fluffy may be the one who's making you ‘'sit" and "stay!" This is because of the potential difficulty in finding a home that will suit the both of you. ln fact, a recent study concluded that 31 percent of animal owners will refuse to put in an offer on a home if the home is not ideal for their pet.

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Looking for a pet-friendly area to move to? Pet owners - specifically those moving with a dog - need to make sure they're not barking up the wrong tree by confirming the potential new home's proximity to these conveniences:

5 Reasons Winter is a Chill Time to Buy a House

Tuesday, January 21, 2020Norm Rousseauposted in Buyers

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Tori McNeely

Tori McNeely is a communications and media studies graduate from Carleton University. As the former web editor and features writer at Ottawa Life Magazine, she has is back...

Seasons come and go, as do houses on the market! Curb appeal, less competition and serious buyers are just some of the many benefits to listing your home in the winter. Surprisingly enough, the winter months may also be the most wonderful time of the year…to buy a home. In fact, there are many benefits to buying a home in the off-season. Now that we have entered subzero temperatures, here are five reasons why you should brave the cold this season and join the hunt for your dream home!

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1. Motivated seller

What type of seller lists their home in the winter? A motivated one! Sellers who list in the winter either likely didn't have much luck in the peak real estate season or are eager to sell. This means the seller might be more willing to negotiate on selling price, closing costs, closing date or even terms of the sale in the slow winter months. Work with a realtor to determine a negotiation strategy to ensure you aren't making unreasonable demands and are coming in with a fair offer.

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2. Less competition

In the same way there are fewer sellers in the winter, there are also generally fewer buyers. Worried about a crowd full of competition at your dream home's open house? Lower market activity means you are less likely to fall into a bidding war with other buyers. Between holiday planning, vacationing and a natural urge to hibernate, fewer people are inclined to look for a house in the winter season.

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3. Reality check

In the winter months, chances are impeccable landscaping and well-manicured shrubs are replaced with blankets of snow and icicles hanging from the gutters. Without obvious elements of curb appeal, the buyer will get to see the house for what it truly is and will be less likely to overlook key functional elements.

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4. Winter durability

Buying a home in the winter lets you see first-hand how the home functions in the colder months. Are the windows and doors draft-proof? Is heating evenly distributed throughout the house? These are important factors that are more difficult to evaluate in the spring and summer. All major systems including plumbing, heating, roof and gutters are put to the test.

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5. Hiring movers is easier

While it may not be easier to move all of your possessions in inclement weather, hiring movers is. Moving in the winter months when there are less people buying means there are fewer moving households that you need to compete with, simplifying the logistics of your moving day.

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The weather outside might be frightful, but searching for a home in winter can be delightful! While it is true the market slows down in the winter, there are still many benefits to buying a home in the off-season.

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