Calgary News and Notes From The Market

How to buy a foreclosure in Calgary 

The real estate market is always a topic of conversation . People read the newspapers and often hear different opinions on really what is happening . Let me provide some information on the types of foreclosures in the province of Alberta. Often referred to as bank foreclosures or the other known as Queens court bench.

A foreclosure property can be as a result of default by a buyer or even worse potential mortgage fraud .It usually occurs in a recession where the first time homebuyers buys a unit with very little money and  fails to make monthly payments. It can be in any quadrant in the city with any price point . Traditionally is based on a home bought with default insurance and not having the financial capacity

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Calgary Alberta key forecasts

There are lots of fundamentals that are going to help the Alberta economy. We are starting to see lots of encouraging signs in Alberta . For example the big company Amazon is moving 2000 or creating that many jobs here. The province is bouncing back with job creation in many different sectors .

Fort mac is rebuilding

Not to long ago we forget about the fires up there . We are starting to see more investment in the Energy sector including oil and gas . If , you look at exports , they are up dramatically . There are lots of signs of improvement in this sector. Oil prices have been rising and are pretty stable in the last 6 months . It's like oxygen to the Alberta economy . Higher oil prices equals higher economic value

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Supply and Demand in Calgary 

There is a lot to be said about the law of supply and demand in any city . Demand is supported by the amount of migration moving to Calgary because of the affordable cost of living , decent paying jobs and no provincial sales tax. However , there is a ton of people moving here to set up business thru immigration. 

Calgary is a safe place to live In Canada

You will be pleased to know it always makes that areas in Calgary with low crime have a huge demand to live. There are some many permits for new construction in this city. There is a lot of confidence in new condos andTown homes being built in newer areas. The developers see the demand and therefore are planning to cash in on it.

Tax breaks are helping consumers

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How to create cash flow in real estate 

There are many ways to make a principal residence or even a rental income property cash flow so that it's not killing you every month. I have seen some very unique methods on how to control costs and improve your monthly capital . The first thing to look at is mortgage amount versus acquisition cost. Usually the higher the priced the home- often no cash flow. It kills me to think that if you buy an expensive home you will cash flow. In fact your just wasting money on a negative cash flow situation.

Buy a suited home  

Real estate is based on how ways can you earn income? From a lower and upper unit ? From rooms rentals ? From a garage ? From an executive rental ? Your risk shrinks a lot by having more

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Interesting lake communities in Calgary

Calgary is a growing city in Canada and is attracting a lot of talent who is looking for work here. There are lots of positions in government, healthcare and social serves here. Part of the reason consumers are moving to Calgary is the Quality of life it offers and very reasonable cost of living.

Areas of Interest in Calgary  

Lakes are not as common in Calgary as other areas in the country . That's why to live in an area with a lake is really desirable in this city . This city is basically broken done into four different districts . The north east , the north west , the south east and the south west . The 2 big roads that travel thru Calgary is highway number 2 and highway number 1. For this reason of

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How to do an effective open house 

There are many times where if you have an interesting listing , that your seller what's you provide maximum exposure for their home. It actually starts with the write up , the accurate measurements and how well the home is presented . In today's society everyone is looking online to gather purchase information. Real buyers pick properties based on their wants and needs.

Have lots of signage 

People maybe directionally challenged , so never assume they know there way around parts of the city. Always give them guidance on how to find the home for sale. It's critical for that as streets on not always found on GPS systems. Make sure to advertise the property internally in your office, along with externally on the

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Factors that affect Calgary real estate values

There are many factors that can affect real estate values . The biggest factor is the number of listings to sales . Currently in May 2018 , there are almost 9000 listings . With about 1400 sales per month . That works out to about 1 in 5 homes or so selling per month . Another huge factor is what part of the cycle are we in ? In Calgary , it's clearly a buyers market with lots of options and choices out there . If your looking for a condo -the deals are very much out there .

Borrowing  power factor  - with the new government rules -you get less property for your money . This means that as incomes decrease so do property values . There is much less money supply in the current market place . The cost of

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Calgary investment real estate 

Did you know that a lot of people increase their net worth thru real estate ? On all the books I have read , the leaders in growing their financial futures either own a business or have income producing real estate . In school , you do not get taught how to run a business , nor do you get taught how to retire , younger without working till your are 70 years old . The challenge with Canada , is that the majority of the wealth building occurs over time .  Students go to school to get educated , however they don't know or understand how to grow their asset column unfortunately .

Why buying a second property makes sense ? 

Look at today's interest rates ? How low can they go ? As of May 2018 , they are probably going

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If you are staying in town for the Calgary may long weekend - here are a few places or events to check out , including picnic in the park ! Do you like food trucks ? With this sunny weekend you sure will appreciate the ability to enjoy these outstanding places and maybe even try some of the food that's out there! It's located in the Victoria Park area ! 

Heritage park opens up May long


This classic location is kid friendly ! Go on the rides on the antique highway . You can even take a tour or ride the train . It's located off 14th street in the southwest part of the city .You will see a lot of interesting history in the area .

Construction areas to avoid 

17 TH ave SW Calgary is a total gong show . The city is digging up prime real estate

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Calgary is a city known for 6 months of winter and 6 months of construction. This city is well known for its beauty in the spring and summer months ! If for some reason you have never been here , it's one of the most sunniest cities in Canada ! Within an hour or so you can take a drive to Banff or even Canmore !

Spring is in the air and with that comes cleaning and getting ready to cut the lawn , get the BBQ out and enjoy the next few months ! If you are coming from out of province to this city the beautiful times of year are usually from May to about October. The stampede is in the month of July and attracts people from all over the world . A lot of concerts occur during the 10 days of excitement in this city .

Farmers markets are running full

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