Geoff Antrum &    Matt Antrum Welcome to Search Calgary Homes

New Alberta Government – How Does This Affect Alberta Home Buyers? Its Good News!

Wed, 06 May by Geoff Antrum & Matt Antrum (Father & Son Team)

One major tax that Jim Prentice was planning went under the RADAR for most Albertan’s.

It was part of the PC Budget and dramatic fee hikes coming to Alberta real estate market.

This was one major over reaction by Prentice and would of hit first time buyers very hard.

The tax will rise six times its current level. (What gave anyone the right to raise them by this amount!)

Here is what it will mean for a buyer who purchases a $500,000 new home this summer.

The average price for a standalone house in Calgary for Buyer who takes out a $400,000 mortgage.

Currently, Buyer pays $150 for New Land Title and $140 for Mortgage Registration. Total of $290.

Proposed PC (Prentice) Budget:

Buyer pays $675 for New Land Title and $555 for Mortgage Registration.  Total of $1,230.

This major tax increase was not called for!

Notley (NDP) makes buying a home more affordable by cancelling PC Mortgage Tax hike!

Rachel Notley’s NDP will make homes more affordable for Buyers and families by cancelling the PC plan
to increase Mortgage and Land Title Taxes by 600 percent!

 

Calgary Housing Inventory Up = More Choice for Buyers

Wed, 04 Feb by Geoff Antrum & Matt Antrum (Father & Son Team)

Calgary Housing Inventory Up = More Choice for Buyers

It was about this time last year that Calgary’s hot real estate market was difficult for the average buyer to get into. With multiple offers and low inventory buyers felt the stress and frustration and often put their purchase on hold to wait out the frenzy.

Moving forward to the present, inventory has risen and buyers are being offered more choice. The average buyer is not looking to acquire rental properties and is therefore looking to purchase a home to live in and now with a balanced market coupled with low interest rates is a perfect opportunity for buyers to make a home purchase.

Real estate is typically a long term investment and with any investment it is best not to wait too long on a good deal or it could get snapped up.  Short term fluctuations in the market are normal and some may argue that it’s best to get in while you can rather than wait for the market to sky rocket.

Buying a home for your family is something you can hold on to and know that your money is growing in the long term. It’s a place to come home to and create memories in and with Calgary’s balanced market it might be the right time for you.

Please check out this link for mortgage pre-approval:

http://www.searchcalgaryhomes.ca/mortgage_contact  and

Please check out:  http://www.SearchcalgaryHomes.ca for Calgary Homes For Sale

Or Call Geoff Antrum at 403 608 5682 or Matt Antrum 403 608 5684.
We Educate Our Clients Before They Make A Move!

Calgary Renters Think About Buying? Interest Rates Are Down!

Sun, 01 Feb by Geoff Antrum & Matt Antrum (Father & Son Team)

Low Interest Rates Give Calgary’s Housing Market an Added Boost and Calgary Renters more choice to buy.

With the Bank of Canada lowering its prime lending rate, major banks are starting to follow suit and pass the savings onto consumers, making buying a home more affordable.

While January and February are typically slower months on the market there are definitely still buyers out there who are now able to make their purchase. Check out Jencor’s current rates below to see how much you can save.

Please check out this link for mortgage pre-approval:
http://www.searchcalgaryhomes.ca/mortgage_contact

JENCOR’S CURRENT RATES*
2.79%  

5 YR fixed rate MORTgage

Posted Rate: 4.94%

2.79%  

4 YR fixed rate MORTgage

Posted Rate: 4.54%

2.59%  

3 YR fixed rate MORTgage

Posted Rate: 3.75%

2.49%  

2 YR fixed rate MORTgage

Posted Rate: 3.04%

2.69% 1 YR fixed rate MORTgage

Posted Rate: 3.14%

2.25%  

5 Yr Variable Rate Mortgage

Posted Rate: 3.00%

 

Breaking into Calgary Real Estate Market in 2015

Sat, 24 Jan by Geoff Antrum & Matt Antrum (Father & Son Team)

CREB® 2015 Forecast for City of Calgary

Concerns over Energy Sector could impact consumer confidence in the market. If energy prices stay low throughout the year, this can further damage confidence and cause consumers to delay any unnecessary changes regarding housing. This could further impact the sales and price growth for 2015, as reported below.
City of Calgary – Overall Summary (As of 14 January 2015)
2014: Sales 25,545 Price Growth 9.85%
2015: Sales 24,503 Price Growth 1.58%
City of Calgary Detached Homes
2014: Sales 15,097 Price Growth 10.1%
2015: Sales 14,372 Price Growth   1.8%
City of Calgary Attached Homes
2014: Sales 5,647 Price Growth  9.61%
2015: Sales  5,435 Price Growth 1.50%
City of Calgary Apartments
2014: Sales 4,801 Price Growth 10.57%
2015: Sales 4,695 Price Growth 1.00%

 

Breaking into Calgary Real Estate Market in Late 2014.

Mon, 29 Dec by Geoff Antrum & Matt Antrum (Father & Son Team)

Breaking into Calgary Real Estate Market in Late 2014. What Do Buyers Need to Know?

World Oil Prices are beginning to slow the market and CREB (Calgary Real Estate Board) has indicated (Dec 10, 2014) that we are moving into a Balanced market where house prices will stabilize in 2015.

Please check out the Chart (see below) for “Average Sold Price” in Calgary.

Possible predictions for 2015 house prices in Calgary:

Oil price recovers to $100 a barrel: house prices will probably continue to rise, like 2014.

Oil price stabilizes at $70 a barrel: house prices will probably remain flat.

Oil price drops to $40 a barrel: house prices will probably decline.

CREB® is going to make a 2015 Calgary Housing Market Forecast in mid January 2015 for the up coming year. So we will provide a more accurate predictions once the CREB® 2015 Forecast is available.

Check out our website at www.searchcalgaryhomes.ca