Calgary Dream Homes

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Summer - Ramp it Up

The Summer months are a great time of the year to sell your home. Here are a few tips to get your home SOLD.


Activate CalgaryDreamHomes.com and our marketing plan! Arrange a Marketing Consultation with us, and let us present how we get your home sold, for the right price and in the least time.


Use Lots of Natural Light. Buyers love lots of Natural Light – Blinds up – it’s showtime! It can make your home feel bigger, more open, and of course more appealing. In summer everyone loves the outdoor space, so make sure you cut back any tree branches or bushes that are stopping the Natural Light get into your home.


Put a Bit of Color in Your Garden We go through winter with everything green, apart from when it’s snow covered. But in the summer add some vibrant colors to your garden. Put them either “in’ the garden or in lots of pots. It will give your home incredible Curb appeal.


Make The Best of Your Outdoor Space. When you are selling in winter it is hard to show off your outdoor living space. But in the summer WOLLA! Make sure you highlight it. It can be a small balcony or patio, but you can invite potential buyers to spend their summers outside! I recently added a fire pit and bought 4 Adirondack chairs and I got my 2 children to pick their own colors! OK Turquoise and Baby Pink – but FUN!


· Keep Your Home Nice and Cool. Maybe add an AC unit to your home, it can get really hot in summer, and it helps if the buyer arrives at your home and it is nice and cool. They are more likely to spend more time in your home and appreciate what it. If you don’t have AC then turn on the ceiling fan/s and open windows, create a nice through breeze.


Let us make a few suggestions – 403-850-0669

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City of Calgary, July 2, 2021 – 


Calgary’s housing market is showing few signs of letting up, as sales reached 2,915 units in June – a record high for the month. 
“It is taking time for supply to catch up with the demand in the market,” said CREB® chief economist Ann-Marie Lurie. 
“Through the early spring market, many buyers did not have a lot of choice, but the recent improvements in supply are providing more options for those purchasers and supporting the strong sales we continue to see in June. At the same time, gains in inventory are taking some pressure off the market as it starts to trend towards more balanced conditions.” 


New listings in June totalled 4,135, the second-highest level ever recorded for the month. This caused inventories to trend up to 6,918 units. While this is higher than longer-term averages, it was balanced by strong sales and the months of supply remained relatively tight at 2.4 months. However, this is still an improvement from earlier in the year when the months of supply was below two. 


As the market moves toward more balanced conditions, we are also starting to see the pace of price growth slow. The benchmark home price continued to trend up in June, but the monthly gain slowed to less than one per cent. While the pace of growth is slowing, as of June, the benchmark price was 11 per cent higher than levels recorded last year. (Cont)

FULL REPORT FROM CREB

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3 TIPS FOR BEING BEAR AWARE IN THE ROCKIES JULY 2021


If you’re hiking in the Rockies you’re on the home turf of the resident grizzly and black bears. Parks Canada recommends taking the following steps to minimize the chance of an encounter:


BE NOISY

Clap, sing and talk loudly. Don’t rely on bear bells alone to make your presence known.


TEAM UP

Hike in a group of four or more and don’t let kids wander off.


LEASH THE DOG

Or better yet, leave the pooch at home. Dogs provoke defensive behaviour in bears.


For more information on bear safety visit pc.gc.ca.


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Members of The Institute who hold the CLHMS designation (Stewart J Lowe-Calgary & Area) have successfully documented performance in the TOP 10% of their markets, and have successfully demonstrated their expertise in the luxury home and estate market.


Recognized as the mark of accomplishment in luxury markets around the world, the Certified Luxury Home Marketing Specialist (CLHMS) designation assures affluent buyers and sellers that the agents who have earned it have the knowledge, experience, competence, and confidence they require. 


ACHIEVING GUILD RECOGNITION


Recognized as an achievement in luxury markets around the world, the Million Dollar GUILD™ recognition assures high-net-worth-individuals that real estate professionals who have achieved GUILD status are remarkably knowledgeable, experienced, and have the unique skills necessary to meet and exceed expectations for today’s most discerning luxury buyers and sellers.


Luxury real estate professionals achieve GUILD recognition after having completed the luxury home sales and marketing training, becoming an Institute Member, earning the Certified Luxury Home Marketing Specialist™ designation, and have documented performance in the million dollar and above residential market.

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June 9, 2021- Once again, The Bank of Canada has held its target for the overnight rate at ¼ percent.


Great news for those with a variable rate mortgage and those with line of credit! Rates are still at historic lows! As always, if you or someone you know has questions, feel free to contact me at anytime



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City of Calgary, June 1, 2021 –


With 2,989 sales, housing market activity hit a new May record.


Despite strong levels of sales, they did trend down relative to last month. Additionally, there were 4,562 new listings, causing seasonally adjusted inventory levels to increase over last month.

“The recent gains in prices have encouraged more homeowners to list their homes and take advantage of the current market situation,” said CREB® chief economist Ann-Marie Lurie.


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Starting June 1, both insured and uninsured mortgage borrowers will be subject to a stricter stress test when qualifying for their mortgage.


The Office of the Superintendent of Financial Institutions (OSFI) confirmed on Thursday that it will move ahead with its stress test changes first announced last month, which will apply to uninsured mortgages (typically those with more than a 20% down payment).


Soon after, the Department of Finance confirmed it will follow OSFI’s lead, and apply the same stricter higher qualifying rate to insured mortgages, or those with less than 20% down.


In both cases, borrowers will need to prove they can afford payments based on the higher of the contract rate plus 2%, or a new floor rate of 5.25%, up from the current 4.79%.


“The recent and rapid rise in housing prices is squeezing middle class Canadians across the entire country and raises concerns about the stability of the overall market,” Finance Minister Chrystia Freeland said in a statement. “The federal government will align with OSFI by establishing a new minimum qualifying rate for insured mortgages…It is vitally important that homeownership remain within reach for Canadians.”


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Yes it is a “Sellers Market” and you probably figured that out if you are looking to buy in Calgary!


It refers to a scenario where there is less inventory for sale compared to the number of buyers. But if you are thinking of listing your home, here is what buyers and sellers need to know before plunging into a seller’s market.


Less inventory on the market, what sellers have to understand though is that a seller’s market does not mean that a good deal will automatically fall into their lap.You still need to make sure that your home is priced well and  in good condition. The combination of these will increase the chances of multiple offers. A smart seller with our help will know how to make the most of multiple offers.


In a multiple offer situation it is not always the one with the highest offer. Take a long look, who has got their financing lined up, fewer conditions and a possession date that works. The main thing for a seller is that you do not want the deal to collapse, and have to go back on the market.


Buyers in a seller’s market must be ready to move. Nothing attracts a seller as much as a motivated buyer who has everything lined up to close the deal swiftly. You must give a competitive offer, and show you are serious.


As a buyer consider, where you want to live, have CalgaryDreamHomes.com send you the latest listings, talk to your lender and get a commitment, have your down payment ready and basically know your numbers, what is your maximum price range.


You might have to wait for the right home to come on the market, but that’s ok – be ready to go! If you snooze you lose in a sellers market!


Call us with any questions 403-850-0669 info@calgarydreamhomes.com


CALGARY LATEST LISTINGS

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If you are in the market for an acreage property, here a a few things to remember. The space is great but there are a couple of other things to keep in mind. Also you have to consider possible drawbacks associated with living further away from cities and suburban areas. 


Here are 7 things to consider when buying a rural property, so you can weigh the costs and benefits of investing in the countryside before you make any commitments. 


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May 03, 2021

City of Calgary, May 3, 2021 –

There were 3,209 sales in April, a new record high for the month, as Calgary's housing market continues to bounce back from the pandemic lows recorded in 2020.

“Despite entering the third wave of COVID-19, there is more optimism of economic recovery when the economy re-opens,” said CREB® chief economist Ann-Marie Lurie.
“However, the recent surge in home sales could be a result of potential buyers wanting to enter the market before any further changes occur in prices, interest rates and lending policy. This could erode some of their purchasing power.”


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Ok - so we are still getting sprinklings of snow – but the temps are not too bad! Those of us who love the outdoors are wishing the bits of snow away, and can’t wait to venture into our gardens again. It’s the perfect time to work on your to-do list and enjoy that fresh spring air. Your  garden is one of the first things a potential buyer sees of your property, so make the best first impression!


Work on your plan

So Zones 3 & 4 and consider what flowers and vegetables will thrive in your area. Most local nursery people are awesome for planting recommendations. Planning your garden is an important step. Try and strive for continuous bloom in the summer, mix perennial flowers with some annuals to keep color in your yard for longer. Height is always a good thing to plan for, tallest to the back – bit like the school class photo lol. Don’t let the taller plants block the sunlight from the smaller ones. Make sure you read the plant instructions.


Tidy up Time

After a hard winter with the harsher elements and damage left over from the colder part, begin by clearing your lawn and garden beds of broken branches, leaves, and other debris. The sooner you do this, the less chance there is of stepping on the growing plants and damaging them. If you have trees, trim any broken or dead branches off, and prune a tree to shape it.


Where did I put my Garden Tools!

Get your garden tools ready to go. First, pull out the tools that have been sitting around all winter, maybe they were in the shed. Wash them with soap and water, mineral spirits will keep the wood from splintering and make them last longer.


Give The Soil Some TLC

Rake over the soil, remove any weeds and add compost  to the soil. A few weeks before planting, add the soil nutrients, to ensures a long and healthy life for your plants. Aireate the lawn, rake off the dead grass, and run around it with some Scotts turf builder!


That will do for now! I need a cup of coffee! 

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Today, Canada's banking regulator proposed raising the mortgage stress test benchmark for uninsured mortgages to 5.25% (or two percentage points above the mortgage contract rate, whichever is higher).


This change, proposed by the Office of the Superintendent of Financial Institutions (OSFI), only impacts homebuyers with a minimum 20% down payment, and would reduce their purchasing power by about 4-5%. 



FULL ARTICLE

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April 01, 2021


Persistent sellers’ market conditions contribute to price gains


City of Calgary, April 1, 2021 – The initial impact of COVID-19 on the housing market began last March.


One year later, it is not a surprise that March sales in 2021 were higher than in 2020. However, at 2,903 sales, this was the highest March total since 2007.  


“Low lending rates and improved savings have supported sales activity,” said CREB® chief economist Ann-Marie Lurie.


“However, sales have been somewhat restricted by the lack of listings. This month there was a jump in new listings, contributing to the strong monthly sales.” 


Inventory levels pushed above 5,400 units, but citywide months of supply fell below two months. This reflects the lowest months of supply for March since 2014 and these tight conditions have contributed to price gains.


FULL REPORT

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.