Real Estate Market Insights + Bank of Canada Interest Rate Announcements Introduction: - February was a bustling month in the real estate market, with new listings and sales making significant moves. - Despite challenges, the market saw remarkable growth and shifts, impacting both buyers and sellers. Overall Market Trends: - New listings surged to approximately 2,711 units, igniting further sales activity. - Sales skyrocketed by nearly 23 percent compared to the previous year, totaling 2,135 units. - The sales-to-new listings ratio remained impressively high at 79 percent, indicating a tight ..read more

CMHC MLI Select Program Program Overview: Purpose: Promoting the development of rental housing by providing financing and insurance for large-scale projects. Target: Developers or landlords investing in rental properties. Eligibility: 1. Minimum 5 residential units (including legal basement suites) per property. 2. Can be applied to new construction or existing properties. 3. Buyer's net worth must be at least 25% of the loan amount, with a minimum of $100,000. Benefits: 1. Low Down Payment: Only 5% down payment required. 2. Long Amortization: Up to 50 years based on a point system. 3. Posit ..read more

Introduction: Welcome to Episode 7 of our podcast where we dive deep into the world of real estate and explore the critical factor of timing in making housing decisions. Today, we're discussing the significant costs associated with waiting to buy a property in the current market landscape. Key Points: Market Dynamics and Economic Conditions: Clients are making quick decisions amidst aggressive bids and securing homes, while others are contemplating waiting. Calgary's economy is on an upward trend, buoyed by a robust energy sector and consistent net positive migration. Inventory levels are ..read more

Show Notes: Episode 6 - How to Leverage Your Home Introduction Welcome back to Episode 6 of our series on maximizing the potential of your home. Today, we're diving into the concept of home equity and how you can leverage it to your advantage. Understanding Home Equity Home equity is the value of ownership built up in a home or property. It's essentially the difference between the market value of your home and the amount you still owe on your mortgage. For example, if your home is valued at $500,000 and you owe $300,000, you have $200,000 in equity. Homeowners can typically access up to 80 ..read more

Part 1: The Prep 1. Pre-Approval and Turnaround Time:    - Aim for a quick turnaround time with the lender to shorten the condition window. 2. Understanding Offer Paperwork:    - Discuss offer intricacies beforehand to alleviate pressure during decision-making moments.    3. Deposit Readiness:    - Ensure availability of funds for the deposit to be pulled from the account immediately upon securing a home.    4. Understanding Home Vintage Elements:    - Familiarize yourself with unique aspects like polyB or aluminum ..read more

Introduction: City tax assessments are underway, prompting a surge in mortgage renewals for 2024. Homeowners are keen to understand their property values, leading many to contemplate selling. In this episode, we delve into the considerations and steps involved in selling your home, highlighting the differences between working with us and an average agent. Segment 1: Understanding Your Needs and Goals Discussing important topics with your partner before selling. How these discussions help real estate professionals tailor their services to meet your specific needs and goals. Segment 2: Quest ..read more

1. Background and Experience: Annie and Paula bring a wealth of knowledge and experience to the table. Annie, with a background in finance, has navigated the intricacies of the stock market for over a decade. Paula, on the other hand, comes from a marketing background, bringing a unique perspective to the world of trading. Tune in as they share insights into their individual journeys, the challenges they've faced, and the lessons they've learned along the way. 2. Favorite Area to Trade in: Discover the specific areas of the market that Annie and Paula find most intriguing. From stocks ..read more

Welcome to Real Estate Compass, your go-to source for insights into the Calgary real estate market. Today, we dive deep into the intricacies of interest rates, the Calgary Real Estate Board forecast, and the opportunities that lie within the market. *Interest Rates and Economic Forecast:* - In recent media coverage, economists are predicting minimal to no growth in Canada for 2024. However, Calgary stands out as a beacon of resilience due to its thriving economy. The energy sector plays a crucial role in insulating Alberta, and despite inflation and high lending rates, the province is antici ..read more

Show Notes: **Segment 1: 2024 Market Predictions** - Overview of market predictions for 2024, including price trends compared to other markets and the impact of interest rates. - Discussion on how these predictions will affect clients and their real estate decisions. **Segment 2: Tips for Successful Buying** - Annie recommends buying in the first quarter of the year for potential equity increase by the end of 2024. - Paula advises investors to seize opportunities by purchasing early and strategically renovating in line with decreasing interest rates. **Segment 3: Understanding Interest Rates a ..read more