Blog - February, 2021

[Feb 21' Update]: Sellers' market in February leads to rising prices!

Posted by Megan Bourque on February 28th, 2021

City of Calgary, March 1, 2021 –

With gains in every price range, residential sales activity in February totalled 1,836.

This reflects the best February since 2014.

“Despite continued COVID-19 restrictions, housing activity continues to improve. Much of the strong sales activity is expected to be driven by exceptionally low mortgage rates,” said CREB® chief economist Ann-Marie Lurie.

“Confidence is also likely improving as vaccine rollouts are underway. Additionally, some of the worst fears concerning the energy sector are easing with recent gains in energy prices.”

New listings also improved in February, but the gap between new listings and sales narrowed. This is causing the sales-to-new-listings ratio to rise to 65 per cent, keeping…

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Welcome To The MaxWell Family!!

Posted by MaxWell Realty Admin on February 25th, 2021

Melissa Rost - MaxWell Polaris

Jasmina Colic - MaxWell Progressive

Cindy Guan - MaxWell Devonshire Realty (Lethbridge)

Jagseer (Herman) Nirwan - MaxWell Polaris

Sameer Dhamani - MaxWell Central

Bonnie Lega - MaxWell Progressive

Daniel Kreutzer - MaxWell Realty Invermere

Salene O'Connor - MaxWell Progressive (Windermere)

Cornell Friesen - MaxWell Edge Realty

Zeev Shaposhnik - MaxWell Progressive

Keith Madsen - MaxWell Progressive

Eun Hwa Oh - MaxWell Devonshire Realty

Jatinder Cheema - MaxWell Central

Rob Back - MaxWell Elite Realty

James McSporran - MaxWell Progressive

WELCOME BACK Christine Johnson - MaxWell Elite Realty

Kirolos Habashi - MaxWell Polaris

Colby Genoway - MaxWell Capital Realty…

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Get to Know Bob Dewar- MaxWell's Newest Broker/Owner

Posted by MaxWell Realty Admin on February 25th, 2021

MaxWell Realty has recently had the pleasure of interviewing our newest Broker/Owner Bob Dewar. Bob opened the doors of MaxWell Edge Realty in January 2021!

Check out our interview with Bob Dewar below:

1. How many years in the industry as an agent?

Renee was licensed in 2009 and I in 2013 after I retired from the Federal Government. Renee's business in real estate took off, and she needed the help, so I got licensed, and we've been a team ever since.

2. What led you to want to make the change to being an owner/broker?

We were looking at whether we should relocate back to Winnipeg. After speaking to Bill Tarrabain, he thought we'd be a great fit for bringing the brand to Winnipeg. He encouraged us to check with other Broker/Owners of…

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5 Simple Strategies For Paying Your Mortgage Off Faster

Posted by Kevin Klein on February 23rd, 2021

 

Looking to pay your mortgage off faster? Shave years (possibly even decades) off your mortgage loan with the help of these five easy-to-follow strategies:

1. Take Advantage of Increased Payment Options 

Upping your monthly payments, even by the smallest increment, can make all the difference in helping you become mortgage-free faster. While your ability to increase your payments will depend on the terms and conditions outlined in your mortgage, many lenders include prepayment privileges in their contracts.

Keep in mind, however, that if you pay more than the prepayment privilege allows, you may be required to pay a prepayment penalty. Your increased payments will also likely apply until the end of your mortgage term.

2. Make Lump-Sum…

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Front Walkway Improvements that Boost Curb Appeal

Posted by Billy Peshke on February 21st, 2021

Your front walkway is one of the first sections of real estate a buyer will set
foot on when coming to see your home. So, it makes sense to make that
pathway to your front door as appealing as possible.
The obvious way is to make it as clean and clear as you can. Ensure there
are no obstacles in the way, such as overhanging branches, kid's toys, or
potted plants. What you want is a clear, unobstructed and pleasant walk to
your main entranceway.
If your walkway needs a deeper cleaning, consider a power wash. There are
special detergents available that are designed specifically for stone, asphalt
or cement walkways and other outdoor surfaces.
A deep cleaning isn't a major project. In most cases, the job can be done
within an hour. Yet, the result can be stunning.
…

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Just Listed!

Posted by Billy Peshke on February 21st, 2021

JUST LISTED!

2480 Sagewood Crescent, Airdrie

View all of the pictures and details of this home by visiting:

https://www.peshketeam.com/.../a1071338-2480-sagewood.../

$369,900 - MLS# A1071338

Wonderful opportunity to be a homeowner!

24 x 22 oversized garage w/220V, 9 Ft door

3 bedrooms + fully developed basement

2.5 bathrooms

Call/text Yasin @ 403-681-0319 for more info or to book your showing

Live in the wonderful neighborhood of Sagewood where you can enjoy paths, parks, shops & schools all within walking distance. This great home has a huge detached 22x24 garage w/220V & a 9ft door & still has a large south facing yard with a firepit & concrete patio which is perfect for entertaining or watching your kids play! Tiled…

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Buying the Home Everybody Wants

Posted by Billy Peshke on February 16th, 2021

 

When you’re shopping for a home, you may become interested in a property for sale that someone else is also considering. In fact, there may be several
other buyers entertaining the idea of making an offer.
In such a competitive situation, what should you do if you really love that
home?

Obviously, you’ll need to move quickly and make some fast decisions.
Start by making certain the property fits within your price range. The last thing
you want is to have an offer accepted and find out it is beyond your budget.
That’s why it’s a good idea to arrange for financing before you go home
shopping.

Next, you want to make an offer that is so enticing to the sellers that they’ll put your offer at the top of the pile, if not close to it. So, what makes…

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SOLD!

Posted by Billy Peshke on February 16th, 2021

Congratulations to our buyer on the purchase of this gorgeous acreage property! Thank you to the sellers for keeping such a meticulous property. If you are looking for an acreage property, give us a call, we would love to help you find your dream home - 403-681-0319.

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Canadian housing markets set records again in January

Posted by Billy Peshke on February 16th, 2021

OTTAWA, ON, Feb. 16, 2021 /CNW/ - Statistics released today by the Canadian Real Estate Association (CREA) show national home sales set another all-time record in January 2021.

Summary:

Monthly home sales (CNW Group/Canadian Real Estate Association)

• National home sales rose 2% on a month-over-month (m-o-m) basis in January.
• Actual (not seasonally adjusted) activity was up 35.2% year-over-year (y-o-y).
• The number of newly listed properties dropped by 13.3% from December 2020 to January 2021.
• The MLS® Home Price Index (HPI) rose 1.9% m-o-m and was up 13.5% y-o-y.
• The actual (not seasonally adjusted) national average sale price posted a 22.8% y-o-y gain in January.

Home sales…

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6 Key Reasons Why You NEED a Mortgage Pre-Approval

Posted by Kevin Klein on February 9th, 2021

 

Getting pre-approved for a mortgage is one of the first and most important steps in the home buying process. If you’ve been thinking about purchasing a new Edmonton home, here are six key reasons why you NEED a pre-approval before you begin your new home buying journey. 

1. It’s Better Than a Pre-Qualification

While a mortgage pre-qualification is undoubtedly beneficial, it doesn’t carry the same clout as a mortgage pre-approval. Simply put, a pre-approval is a lender's commitment to loan you a certain amount for a mortgage based on your current financial situation. 

However, during the pre-qualification process, a lender only takes a high-level view of your finances and provides a guestimate as to what they think they could lend you for a…

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