March 2013

Found 7 blog entries for March 2013.

A big part of successful real estate investing is knowing where and how to buy that profitable property. It does take a bit of research and work to find something in what’s called the “out-performing” market.

Calgary is on the top of that market list, with a robust economy and enough real estate and money to give back high ROI. TD Economics’ deputy chief economist and vice-president Derek Burleton noted that all these factors, along with price gains that are showing to be above average, have given this Alberta city a front row pass.

Then there are others like Tony Zucaro from Right At Home Realty, Inc. who thinks that investors in the know won’t necessarily let price alone be the deciding factor. His definition of an out performing market is a tad…
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In Calgary, today’s home buyers are looking for convenience and workability. The more pedestrian friendly the area, the more property values are increasing. The Real Estate Investment Network’s latest research shows that the Walk Score of a neighbourhood influences property value.

Looking at real estate in Calgary, that could not be more true. Properties in the inner city are highly sought after by those wanting to do away with long commutes. The suburbs are just not as attractive as they once were. Starting in 2000 and through 2012, the ten neighbourhoods that saw the largest increase in average home values were in Calgary’s inner core and surrounding areas. Collectively they saw home prices increase by some 205 to 260 percent. The Calgary Real Estate…
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Calgary bested Ottawa by being named the best city in the nation to live in. Money Sense magazine just released its annual “Best Places to Live List” this past week and the Alberta energy boom town bested 200 cities across the nation for the top spot. On the top large cities, Calgary came in first, followed by Ottawa at second and Edmonton at third.

Money Sense credits the job availability and the high incomes as factors that pushed it from 14th place in 2012 to taking top honours in 2013. Calgary also took top honours as the best place to raise a family, and the number three spot as being the best city for new immigrants to call home. Burlington took the top spot in that latter category and Vaughan took second.

Mayor Naheed Nenshi was pleased, noting that…
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The Canadian Real Estate Association released their MLS Home Price Index report this past Friday. In it, Calgary came out on top for the largest annual price increase in February. But, the city also saw a decline in the number of MLS sales. That decline was at the two percent level, a far cry from the national average of almost 16 percent when comparing February of this year to that of 2012.

The association also released its updated sales forecast for 2013, both for the national and Alberta markets. CREA did note that Calgary’s price growth did show an 8 percent increase comparing this February to last. The agency noted this was the strongest price showing since the spring sales of 2010. Regina came in second, with a 5.93 percent increase.

Seven markets…
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Investing in the stock market is not for the faint of heart. Looking at the decade between 2000 and 2010 makes it easy to understand why some people are frustrated if not totally disillusioned about the process. Some investors are turning to real estate, which at present is providing a greater return on their money. There are a number of ways to get into the real estate investment game.

Invest in Property Directly

This is the most common way to invest in real estate. Buy a home, condo or apartment and then rent it out for the short term. Eventually you’ll sell and make money on the equity. Other buyers invest in properties and flip them right away, skipping the renting altogether. Still others go in for commercial properties, which may be riskier sometimes…
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The real estate market across Western Canada is largely tepid. Calgary, though, is a bit of a surprise. It is the only market that is showing positive sales, and in a big way. TD Economics released a report that showed Calgary ended 2012 with a 14.3 percent increase in sales compared to 2011. The Alberta city also saw a record 38.2 percent increase in housing starts over that same time period. Additional permits are on the books, meaning that even more developments are expected to start in the near future.

Compare that to Vancouver, which was the hottest sales market in the country not too long ago. That city ended 2012 with a 26 percent decrease in housing resales compared to the prior year.

TD Economic also predicted that average home prices in Metro…
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They say that a man’s home is his castle. True enough, but to buy a home designed like a French castle, particularly in Calgary, it is going to cost you. One such home, turrets and all, sold this past Wednesday for a cool $10.35 million, breaking the sales price record for a Calgary home sold via the MLS system.

Actually the buyer got a bit of a deal. The property was originally listed for $12 million back in July of 2012. The two-storey mansion went up in 2010 and originally was listed for $11.495 million. Corinne Poffenroth was the listing agent, working out of Sotheby’s International Realty Canada. The property is located in the Aspen Woods neighbourhood.

Before this the home belonging to Mike Vernor, former goalie of the Calgary Flames was the record

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