Calgary Homes for Sale – Update February 26th

Last year we experience low inventory of Calgary homes for sale compared to 2012, unfortunately this year it’s even lower. Inventory over Feb 2013 has decreased by 18.22% and sales have increase by 6.66%. This tells me that properties are coming onto the market at decent prices and getting swooped up right away. On top of that the portion of inventory that got batted around in the last few months has finally found a buyer.

Now as for property values the increase is holding true to the beginning of the year forecast. Condos have increased by 3.4% over January 2014 and single family homes have increased by 5.4%.\

http://www.innercityyyc.com/calgary-homes-for-sale-update-february-26th.html

Inclusionary Zoning – How will it affect homes for sale in Calgary?

If you look at current homes for sale in Calgary, if you look at condo buildings specifically don’t you think they already… voluntarily have “inclusionary zoning”? The lower floors are more affordable, albeit with smaller units, and with less view. Some buildings even have included the smaller units on the higher floors that are still affordable. So this tells me that builders are already considering entry level to moderately priced properties to cater to this income bracket.

I do support the need for affordable housing since our rental vacancy rate is hovering around 1% and the cost of renting is only going up and being less affordable! I also support the need for builders to have a huge influence on how inclusionary zoning is decided, since this isn’t a simple solution to a very serious problem.

http://www.innercityyyc.com/homes-for-sale-in-calgary-inclusionary-zoning.html

How to Find a Great Calgary Realtor

1. Ask a realtor in your local area if they can refer one they know in Calgary, preferably one they’ve done business with.

2. If you’re transferring for employment reasons ask your future colleagues to recommend someone, especially those who have bought recently. Find out why they would recommend this person and what really stood out about them.

3. Go online and search Calgary Realtor, and for those who came up, look at their website and go to client feedback for hints on what to expect from this Realtor. Look at other parts of their website for information on community involvement and knowledge of the industry.

http://www.innercityyyc.com/how-to-find-calgary-realtor.html

2 Expenses to Avoid When Moving to Calgary

If the purchase of your new home is dependent on the sale of your current home for sale in Calgary, then lining up your possession date is important. Did you know that even though you do line up the dates you could still be facing extra expenses? Let me explain.

The first one is bridge financing.  This occurs when the possession date on your new home is before the possession date of your current home. Bridge financing is essentially a loan to pay for the new home until you receive the money from the sale of your old home. The expense is the interest on that loan.

http://www.innercityyyc.com/2-expenses-to-avoid-moving-to-calgary.html