Why mortgage pre-approval should always be the first step

Jacob Black of RateSupermarket.ca talks about taking the uncertainty and disappointment out of the home buying process

Why mortgage pre-approval should always be the first stepJacob Black is the managing editor for RateSupermarket.ca. What is the cost of homeownership in Calgary compared to other major Canadian cities? Black: Calgary is the sixth-most expensive city to live in, according to our data. You would need to be in the top 25 per cent of income earners in Canada to buy a…

Millennials starting to drive recreational property market

New buyer demographic comes with different lifestyle and property criteria than those of their boomer counterparts: RE/MAX

Millennials starting to drive recreational property marketThe majority of millennials are in the market to purchase a recreational property, according to a new RE/MAX survey conducted by Leger and released on Thursday. The survey found 56 per cent felt that way compared with 42 per cent last year in the survey. The real estate company said the increase in buying intentions…

Try-before-you-buy concept used to sell home

Realtor said the owners are offering a stay of about a week but everything is negotiable in real estate

Try-before-you-buy concept used to sell homeYou wouldn’t think of not taking a vehicle out on a test drive before making one of the biggest purchases in your life. So why not a home? A Calgary homeowner who has listed a property for sale is taking the same concept and adapting it to the real estate industry. The seller is offering…

Building neighbourhoods of the future

Josh White talks about Dream Development’s latest project and how Calgary is evolving to meet future needs

Building neighbourhoods of the futureJosh White is general manager of development of Dream Development. Tell me a little about Dream and the company’s presence in the Calgary market? White: Dream is a Canadian-based real estate company with more than $15 billion of assets in North America and Europe. We have several lines of business, including our global office REIT,…

National housing market faces shakeup

Ben Myers of Bullpen Research & Consulting talks about how markets are changing across the country

National housing market faces shakeupBen Myers is president of Bullpen Research & Consulting Inc. What does your research tell you about today's consumer and what they’re looking for in a new home? Myers: Location remains the top priority for buyers, that hasn't changed. However, different demographic segments have much different priorities after location. In speaking with realtors and developers,…

Edmonton, Calgary repeat home sales prices off more than 5%

Nationally, the composite of 11 markets was off by 0.95% from the peak in September 2018

Edmonton, Calgary repeat home sales prices off more than 5%(Troy Media) Prices for repeat home sales in Edmonton and Calgary are more than five per cent off from their peaks, according to the latest Teranet-National Bank House Price Index. The report shows that in December prices in Edmonton have fallen by 5.55 per cent from their peak in September 2007, while prices in Calgary…

Calgary MLS sales continue to be challenged in 2019

But CREB says the number of new listings continues to rise, up 6.63% from a year ago

Calgary MLS sales continue to be challenged in 2019(Troy Media) Two weeks into a new year and some interesting trends are developing in Calgary’s resale housing market. Demand continues to mirror what took place in 2018 with several economic headwinds impacting the number of MLS sales in the city. According to the Calgary Real Estate Board website, as of Tuesday, month-to-date MLS sales…

Navigating the cannabis cultivation question when buying real estate

Ryan DeLuca of the Calgary Real Estate Board talks about what a buyer can ask and what a seller must disclose about pot

Navigating the cannabis cultivation question when buying real estateRyan DeLuca is supervisor of training and compliance, member practice, with the Calgary Real Estate Board. What are the biggest potential impacts to the residential housing market of the legalization of cannabis? DeLuca: For some buyers, cannabis cultivation in a property may affect their ability to secure financing or homeowner’s insurance on that property. Some…

Calgary experiences another month of lower MLS sales and prices

In December, there were 1,038 new listings, down 14.36% from the same period a year ago

Calgary experiences another month of lower MLS sales and pricesDecember has turned out to be another challenging month in Calgary’s residential real estate market. The year has been characterized as one of decreased demand combined with increased supply, which of course has led to lower prices. With one day left in the month, according to the Calgary Real Estate Board website, month-to-date as of…

Bridging the gap between renters and landlords

Mark Hawkins talks about how Rentfaster.ca evolved from a small local website to a national brand by stressing customer service

Bridging the gap between renters and landlordsMark Hawkins is president and owner of Rentfaster.ca. What is RentFaster? When did it start and how does it work? Hawkins: Technically, Rentfaster.ca is an Internet listing service (ILS), but really it’s a website that’s designed to help landlords and renters connect. Rentfaster.ca started in 2003 and has evolved over the years to really help…