The Calgary Real Estate Board has just released their 2017 Economic Outlook & Regional Housing Market Forecast.  Highlights from the report for the 2017 Calgary Real Estate Market include:

  • Overall economic stabilization in 2017;
  • Marginal but positive net migration expected for the coming year;
  • Increased number of sales over 2016 figures, approximately 3%, will still be below normal levels;
  • A year of slow transition in the real estate market;
  • Stiffer lending rules and higher mortgage rates will have minor impacts on affordability;
  • Oversupply still a driving force in the market.
Our Thoughts

We interpret the “transition” mentioned above to be a flattening of the downward trajectory in overall pricing. We will not likely see the bottom of the market this year though the negative year over year change in pricing may return to zero before 2018.

The apartment sector will remain the housing type with highest level of inventory through the coming year. Some projects that began digging in 2014, 2015, and 2016 have not all come to market.  When they do, they will continue to saturate the apartment sector and put downward pressure on pricing.

Anticipate affordable single family detached homes to be the shining star in the market as it has been in the past.  Homes in this sector have fared best in the market correction and should maintain their position as best (relative) real estate investment vehicles.

Have more questions about the 2017 Calgary real estate market? Contact us to find out more.

buying a home in Calgary
Initial Perspective

We’ve worked with countless buyers over the years who have been looking to buy a house in Calgary, and have had the opportunity to counsel them on a proven strategy to discover their best home.  When we first sit down with home buyers, we like to first get their perspective on how they envision finding a home. The thing is, it’s not always an intuitive process. Most have a list of features they want in a home, but don’t know how to best translate their wants and needs to a systematic home evaluation process. This is the start of the home buying process.

 

Real Estate BUYING 101

In addition to answering questions about real estate, we get our clients’ initial thoughts on what they’re looking for, we engage in a thorough ‘Calgary Real Estate 101’ to identify various aspects that enhance value in properties, specifically in Calgary. The concepts are abstract though intuitive and by the end of the session, the drivers of value in the local real estate market are easily understood.

 

What about market conditions?

Market conditions are an important factor in any decision to buy a home, and we ensure that the past, current, and future market conditions are explained in a simple manner.  Knowing where we sit in the real estate cycle allows our buyers to make better decisions about timing and their investment.

 

The Process

Combining basic real estate concepts with market analysis, we’ve developed a process which enables our buyers to make intelligent and informed decisions about where they live and how to best invest their hard earned money. This approach has led to countless buyers making the best decision possible to achieve their goals, and gain and retain as much equity as possible during every swing in the market.

 

Your Search

Now that our clients understand the value and the market, and we understand their needs and wants, we mesh these concepts with a systematic process to produce a unique home search for our clients. If you would like to begin your search early you can visit this great property search tool.

If your worried about the costs of using a Realtor as a buyer, don’t be, it’s free! Here you can find more information.

 

Calgary real estate market

The current decline in the 2016 Calgary real estate market is well documented, yet in every market cycle there are always opportunities to be discovered. Here is where we suggest you focus for opportunities in the 2016 Calgary real estate market and beyond: Continue reading ..

Have you ever wondered if living near transit routes affects the price of your home?  We’ve compiled a list of the major travel routes throughout Calgary, as well as C-Train routes, and the upcoming proposed Green Line route.  With benchmark housing prices included, you can see how your home/neighbourhood stacks up to the rest of the city, or if you’re looking at buying/selling you can see neighbourhoods that will meet your price points.

 

C-Train Map Website

 

Calgary MLS® Community Map
Effective on January 5, 2016 the Calgary Real Estate Board will be updating their Calgary MLS® community boundaries and names to align with the existing City of Calgary communities.  The changes have come about in an effort to increase database integrity and eliminate naming communities that do not formally exist as  formally recognized by the City.  This will enable both CREB® and the City of Calgary to better share, compare, and analyze housing data.  Generally speaking, the ‘estate’ communities have disappeared and are incorporated into the surrounding communities. Continue reading ..

kensingtonClassified the ‘Village in the city’ and trending as #outsidetheordinary, Kensington is a hot spot for Calgary’s young and diverse cultural population.  Located in the inner-city on the border of the Bow River and the foot of the escarpment beneath SAIT and ACAD and bounded by Sunnyside and West Hillhurst. This small community is rebuilding itself, working hard to promote art, culture, cuisine and more. Kensington appeals to the young, creative, and the foodies of Calgary with it’s new developments creating more retail opportunities and adding new shops. Kensington is always electric and full of new life. Just one of the many reasons why Calgary is such a #coolcity to live in.

http://www.visitkensington.com/

Thanks to all our clients and partners for a brilliant 2014!  Merry Christmas and a Happy New Year from Sano, Minette, Dan and Kerryann.

I got involved in the solar energy back in 1978 when it was a new and exciting technology. What I discovered was that using modern materials and techniques was new, but the operating principal behind solar were dead simple and age old. We designed thermal solar collectors for domestic hot water and pool heat, a greenhouse for northern climates, solar food dryers and radiant heating systems. We participated in a lot of unique projects such as double envelope homes, active and passive solar homes, a solar art gallery, earth sheltered homes, and other cool projects. That industry dried up in 1981 when oil prices came down and NEP came in. At that time the cost of a solar electricity was around 10 times the present cost so we barely ventured into that arena. Today Solar Electric is the ticket and the cost of a system promises to pay you back in roughly 10 years. That’s not a bad investment, but its not the reason I’m building a solar home. Since my venture in Solar I worked building concrete structures (high-rises, hospitals etc) and then spent the past 30 years in real estate sales and development. I learned a few lessons about economics and the most poignant one was that a penny saved is worth more than a penny earned (or the potential to earn) for a few reasons. Firstly in business and life what you make is not your profit – you first must pay your overhead, wages, operating costs and then taxes to make a profit at the end of the day. This ratio is usually about 1-6 so a penny that you save (or don’t need to make) is actually equivalent to 6 earned pennies. Saving is better than earning. It also aligns with a philosophy of sustainability and minimalism which just happens to agree with me.
The other gem we can glean from this is that saving or not having to spend a penny on something is a certainty with no risk attached to the process. That is, if I save a penny I am certain to have saved a penny, but if I plan to make 6 cents there are risks and variables in the marketplace that can conspire to reduce my profit to less than a penny at days end. There is no risk when you don’t spend a penny – you just don’t. As you may know, many investors, institutions and the public pay a great premium to reduce risk (insurance policies, safer investment vehicles etc) yet we seem to minimize the no-risk plan of simply saving and reducing our consumption.
Building a low energy home provides a secure, no-risk hedge against inflation and is actually a very good investment if we account for the absence of risk derived from the savings. Coupled with a retirement strategy reducing and controlling your future outputs makes a lot of sense and provides peace of mind for a secure retirement.
With all those reasons who wouldn’t build solar? But all the above reasons are not why I’m building a solar home. The main reason has a lot to do with simply doing the right thing for the environment and our community. Because it is in a pretty great neighborhood I will be using it as a demonstration home in the hopes that more people and builders will incorporate these principals into their projects.
The process has been interesting and we’ve learned a lot.
From these lessons I will be crafting a few further articles to share our experiences, good and bad in the hopes that we can help others thinking of building a low energy, high performance home.
Stay tuned for more to come in the next few weeks.