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Calgary, AB Real Estate News

By Jonathan Angevine, Calgary Realtor
(Greater Calgary Real Estate)
This is part 2 of a series of posts about buying a home in Calgary1. Mortgage Pre-ApprovalWhen looking through the various web sites about mortgages you will often come across a couple of different terms.Pre-Qualification or Pre-ApprovalPre-qualification is finding what you can afford based on your current level of income, savings and expenses.  This is not an approval from a lender for a loan but merely gives you a good idea of what you can afford.  The CMHC web site has a good calculator to determine what your level of affordability is.CMHC Mortgage CalculatorGetting a mortgage pre-approval is different than pre-qualification in that you will need to provide documentation to your mortgage professional as well as having a credit check done.  A pre-approval will help to prevent you from...
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By Jonathan Angevine, Calgary Realtor
(Greater Calgary Real Estate)
This is part one of a series of posts on the process of buying a property in Calgary.When you start the process of buying a home it can be both a daunting and exciting experience at the same time.  By breaking down the process into step by step it becomes a more enjoyable and rewarding experience.  The Calgary Real Estate market is very active and first home buyers can get caught up in the details.Essentially the steps to buying a home can be broken down into the following:Mortgage Pre-Approval Determining your needs and the type of home?) The Home Search Offer Process & Negotiations Firm Sale Move In!The intention of these posts is to give the first time home buyer an idea of the process as well as to provide some assistance for them in the search. If you need any further information o...
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By Jonathan Angevine, Calgary Realtor
(Greater Calgary Real Estate)
According to statistics released today by the Calgary Real Estate Board the month of April was another good month for activity.The combined total residential sales amounted to 3,5052,529 single-family residences 960 condominium 16 mobile homesAn increase in listings over the same month last year by 43.36 percent.  For April a total of 5,118 new listings came onto the market.  Down from the previous month by 1.48 percent.  The average prices for residential properties were also up again this month with an average 1.32% over the previous month at an average price of $420,807Single Family homes average price $458,668Condominium $326,884Mobile home $71,812"This is a stabilizing month for MLS®. Sales and listings are down moderately from March; however new listings in April are approximately...
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By Crystal Tost, Real Estate Made Easy
(RE/MAX Realty Professionals)
Wow what a market we have had this year to date!! Homes in Calgary have gone up an average of 38% this year alone. Great news for homeowners, not so great news for those who had to buy a home or condo this year.The market started heating up right after Christmas last year. We anticipated a fast and busy 2006, but no one could have fully estimated the impact. Bidding wars became the norm, especially for properties for sale under the $300,00 range. Buyers could expect anywhere from 4 to 15 offers on an average  on the property of their dreams. There seemed to be a trend for the first quarter there seemed to be a trend of winning bidders going $15,000 over the list price to "win" but as time went on, winning bidders were know to pay $40k to $100 k over list to secure the home.Where are all...
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By Peter & Patricia Clarke
(ELITE ACCESS REALTY INC. Real Estate Brokerage)
We just found out about this G-R-E-A-T website and want to share it with everyone since I think it is so unique and effective to get clients. On January 1, 2007 will be the launching of a network of 36 web sites targeted to various housing markets across North America (United States & Canada). The difference here is that each website is specializing in just ONE GEOGRAPHIC AREA so you can focus on your own TARGET MARKET and establish yourself as a sought after, knowledgeable professional in your housing market area.We were wondering why there was not a website like this before since the best way to advertise yourself is LOCALLY. These sites will be a great source for news, numbers and opinions regarding your local housing market. Every site will have content written by professionals from...
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