Well, 2018 has almost come and gone.  For many, it has been a difficult year.  In the real estate industry we have seen challenging markets before, but this cycle is undoubtedly a difficult one for us all.  Realistically, I feel that we are still on the downside of the market and the indicators are that we are in for another challenging year with a projected further decline of 1% - 2% in prices into 2019. 

I look at this as an opportunity for two important sectors of clients – first time buyersand investors.  For buyers, 2018 was an extremely difficult year with new mortgage rules that resulted in the largest amount of collapsed deals I’ve seen in my 20+ year career.  Despite this, the buyers within our Calgary market continue to understand that we are…

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I just finished uploading this Townhouse for sale, 13877 114 Street, Edmonton, Alberta

Newly Renovated! This unit has been re-done with very high quality material. Renos include new Laminate flooring on main and the fully finished basement, New tile, New Bathroom, New windows, New kitchen faces, countertop and backsplash, all new light fixtures, and much more! This property is beautifully designed with 3 bedrooms on the main floor and 1 in the basement. The master bedroom is huge! There is a separate entrance at the side leading to the basement. Huge backyard with firepit and a shed! There are only neighbours on 1 side as this is a duplex style property. Low condo fees and a great reserve fund make this the perfect move in ready property!

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The housing bubble simply means that there’s an increase in demand but a decrease in supply. In this case, fewer houses are available compared to the number of people looking to buy.

What happens during a housing bubble?  

House prices increase significantly when a housing bubble occurs. The home that you thought was reasonably priced is now priced noticeably higher.

Why does a housing bubble happen?

There are a few things that tend to ignite a housing bubble. Though, all aspects will play a role in making the housing bubble happen. 

  •        Increase in economic activity.
  •        Population increases significantly.
  •        Low interest rates to make homes buying attractive to home buyers.
  •        Higher risk taking as a borrower.

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Congratulations to our buyer and seller on this great little property! Many memories for our seller on this one as he grew up in this charming home.

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Is there an area you'd love to get into that's "hot"? In other words, an area where, as soon as a new home comes up for sale, buyers are clamouring to see it? It can be intimidating to try to buy into a neighbourhood like that. On one hand, it's the type of area you'd love to call home. After all, there are good reasons why it's so popular! On the other hand, you might be discouraged by the competitiveness and prices. If you want to live in that neighbourhood, there are a couple of things you can do that will increase your chances of success. The first is to create a strategy. Most buyers rush to see a listing in a desirable area only when it shows up on MLS — or sometimes only when it's advertised. You'll have a better chance of getting into the…

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Wouldn't it be nice if you had all the time in the world to find your next dream home? You could leisurely browse the current listings, select homes you'd like to see, schedule visits on dates that are most convenient for you, and make an offer on a property only after you've had plenty of time to consider all the alternatives. Sure, that sometimes happens, but it's not typical. Often, people shopping for a home are on a timeline. Sometimes a very tight timeline. So how do you find your next dream home when you don't have all the time in the world? First, you need to develop a clear picture of the home you're looking to buy. How many bedrooms? What size of property? What type of structure (two story, back split, etc.)? Then, you need to list your…

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