Hawkwood Real Estate, Matt Antrum & Geoff Antrum – CIR Realty Call at Cell 403 608 5684 for details.
Real Estate Blog
As media outlets are currently busy focusing on Canada’s downturned market, technical recession, and the hit to our economy due to low oil prices, many Calgarians are receiving the message that “the sky is falling”. However, while we all need to sympathize with Albertans who are having difficult times, families also need to look at their own situation and if you need to “Move-Up” due to an expanding family then you should not be in a “hold mode” due to the negative news.
In reality, this is a very good time to move up in the Calgary housing market. For example, let’s take a young couple living in a townhouse or starter home that want to expand into the larger family home market. The townhouse may not have moved up in price over the past 12 months, however the family home you plan to buy has not moved in price, either. The “price differential” has not change from this time last year, i.e. the family home price minus the townhouse price is essentially the same. Even if home prices have dropped 2% or 3 % in past 12 months, the “price differential” is steady.
The other good news is mortgage rates have come down over the past 12 months. Right now Buyers have the best opportunity for very low mortgage rates. For example, a five year fixed rate has dropped down to 2.50% (today’s rate) from approx. 3.00% (12 months ago). These low mortgage rates can translate into large savings on your overall monthly payments. Are you curious just how much you may save? Please contact us for your pre-approval needs.
Obviously, as a seller you have to be realistic when you list your home and price is key to selling, as this also applies to the home you will be buying.
REALTOR© Tip for Calgary Move Up Buyers: It is optimal to have your home listed with a firm Offer in place before you buy your next home. This reduces stress and allows you to be in financial control. Speak to your REALTOR© about planning the sale of your home and purchase. The timing & planning of your “Move Up” is essential.
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!
Renfrew: Calgary’s Inner City Hot Spot
Imagine being able to walk to work and save yourself the stress of the morning and evening commutes, not to mention the cost of downtown parking. Well, residents of Calgary’s inner city neighbourhood of Renfrew have this luxury.
Renfrew is a picturesque community perched atop an escarpment overlooking Calgary’s downtown core and beautiful Bridgeland area. This trendy neighbourhood has a lot to offer residents with lovely tree-lined streets, walking and biking trails and eclectic dining options, all just minutes from the city centre.
Real estate in Renfrew is a mix of single dwelling homes, condo style apartments, townhouses and luxury infill residences. With such a diverse mix of property, it is possible for even first-time home-buyers to own a home in the inner city. Regal Park, situated in the heart Renfrew, is a condominium townhouse complex that offers affordability, peace and proximity to a wide array of amenities.
Looking for something fun to do with the family? Renfrew is within walking distance of both the Telus Spark Science Centre and the Calgary Zoo. Renfrew also has a great playground area, outdoor tennis-courts, soccer-fields, indoor and outdoor skating rinks and a City-Of-Calgary Recreation Centre which offers fitness-classes and day-camps in addition to an indoor swimming pool, steam-room and hot tub.
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:
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!
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:
|JENCOR’S CURRENT RATES*|
5 YR fixed rate MORTgage
Posted Rate: 4.94%
4 YR fixed rate MORTgage
Posted Rate: 4.54%
3 YR fixed rate MORTgage
Posted Rate: 3.75%
2 YR fixed rate MORTgage
Posted Rate: 3.04%
|2.69%||1 YR fixed rate MORTgage
Posted Rate: 3.14%
5 Yr Variable Rate Mortgage
Posted Rate: 3.00%
CREB® 2015 Forecast for City of Calgary
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
Bungalow for Sale: 948 Mayland DR NE Calgary
Dwayne Morberg and Matt Antrum have listed this home in Mayland Heights in Calgary.
Price: $479,900 Bungalow on Large Lot close to downtown.
Bungalow with 4 bedroom 2 bath family home on quiet tree lined street.Fenced and treed very private backyard with 2 partially covered back decks. Main floor bedrooms with original oak floors,master with sliding patio doors to rear deck. Large mudroom with built in storage,perfect for families.Large detatched garage and two car covered carport. Close to schools and shopping and easy access to Deerfoot Trail and downtown.Charming oak country kitchen. Dining room with patio doors that lead to west facing patio deck. Den with built in book shelf,sliding patio doors to back deck. Living room with vaulted ceilings and bay window. Great value in Mayland Heights.
Matt Antrum & Geoff Antrum have a new listing this week. Call us at 403 608 5684 for more information.
Here is the Listing Link for : #1108 788 12 Av SW Calgary
Great value in the award winning building of Xenex on 12th located in Calgary`s downtown beltline. Spectacular, panoramic views of the downtown skyline, this executive 1 bedroom, 1 bathroom, sought after corner unit has all the high end finishing’s: Granite counters throughout, SS appliances, 9ft ceilings, central air conditioning, in suite laundry, built-in computer station, floor to ceiling windows & custom blinds throughout, and a spacious layout. Tons of storage both in suite and a separate storage locker. Anyone with a large truck or SUV will appreciate the oversized titled parking stall. Each unit equipped with separate utility meters for electricity, heat, and water. Xenex is in a fantastic location, easy walking to all amenities, C-train, shopping, restaurants, entertainment and the downtown core.
Check out our website at : www.searchcalgaryhomes.ca