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CalgaryHomeBoys Real Estate Blog

Bob Alexander on Mon, Apr 11, 2011 wrote:
 
Canadian Mortgages at Risk?
Every year the Canadian Association of Mortgage Professionals ( CAAMP ) carries out research on the Canadian mortgage market. I have referenced these reports and their findings in earlier commentaries. The general media has a tendency to over hype concerns about Canadians and their respective debt levels. The CAAMP report, I feel, brings a more realistic and balanced viewpoint and can be used to determine the reality of Canadians and their debt loads. I have summarized the reports finding below.

Rapid Expansion of Debt
Residential mortgage credit has expanded very rapidly during the past decade, at an average of 10% per year. This growth has, understandably, raised fears. However, the

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Calgary’s NW sector boasted the largest gains in single family homes sales in the first quarter

 

Calgary, April 1, 2011 – According to figures released today by CREB® (Calgary Real Estate Board), Calgary Metro sales remained at levels similar to the first quarter of 2010.  Improved sales in the single family market have largely been offset by declining sales in the condominium market, indicating that the gradual recovery will continue to be driven by the single family market for the better portion of the year.

Single family home sales in the first quarter of 2011 were 3,309, a 4 per cent increase over the first quarter of 2010. The combination of stable home prices, low interest rates and year-over-year improvements in employment are the primary

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A new Vancouver outfit offering online rent appraisals -- in real-time -- is pushing east, planning to offer the automated service in Calgary and Toronto where the number of income suites is on the rise.
“There are automated systems that provide real estate value assessments,” said Jason Upton, president of the newly-minted Aedis e-rent. “But there’s never been anything that did it specifically for rental appraisals and for specific markets. We do.”
The company, quietly launched last fall, has developed appraisal software focused on Metro Vancouver’s burgeoning rental market. It gathers intelligence from thousands of past and present classifieds, MLS listings, its own appraisers and, even, Craigslist before crunching the data and spewing out a fair market…
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As I was searching through properties on mlxchange (our mls) the other day, I stumbled across a listing that had a very "weird" backyard. It appeared that the owner had decided for whatever reason to make a couple large triangles of grass in the middle of his all brick & stone backyard. I must say it was strikingly odd. I pointed it out to someone in my office and after a quick laugh they replied "oh well, that's easy to fix". I agreed and moved on. Later my clients called to see a short list of homes and on this list just happened to be the "funny backyard" home, as it did match their particular search criteria. I happily obliged and set up the showings. We met at the first house and began our showing extravaganza. The "funny backyard" home was last on

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First Time Homebuyers Calgary

2011 will be an excellent year for first time homebuyers and it will become within reach of many more Calgarians this year. With mortgage rates continuing at all time lows and with a high ceiling on RRSPs, you may be set to own your first home in Calgary. Purchasing a first home is a major financial investment and by working with Me, you'll get the guidance you need to find the right property, assessing it, making the right offer and negotiating, and then finding a source for a mortgage. To buy a Calgary home, you will need to make a down payment of 5% of price of the home and an additional 3-4% of the purchase price for closing costs over and above your down payment.

Alberta Tax Credits

There are homebuyer's tax

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How is the Calgary market doing?

Anytime that I state my profession, I am always asked How is the market doing? Where as recently here in Calgary the answer has been something like"slow", "stabilizing" or "OK" I can actually say now that I feel it is picking up. Through social media and my network of Realtors I hear and feel a lot of buzz going on. I am not sure if it is the economy (oil) picking up, the new mortgage rules or just that time of year itching closer but I really feel as if good things are coming this year. Obviously we will not have a repeat of 2006 anytime in the near future and when in comparison some quickly misjudge and still think were in a slump. However I see our market as more of a typical market than a "bubble" or "bust". I can

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Are You Ready For Home Ownership?

Owning a home may be your dream, but in order for the purchase to be the happy and satisfying experience it was meant to be, you need to ensure that you are financially and mentally prepared for the responsibilities that come with it.

Some people have a notion that home ownership is like renting, but with the power to have pets and paint the walls whatever color you like. However, while these privileges are available to homeowners in most municipalities, they come with the responsibilities of a mortgage, taxes and home maintenance. Preparing for home ownership requires you to take critical stock of your finances and your expectations.

Search now for homes in the area.

Questions for Prospective Homeowners

Are you
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