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July 2022 Real Estate Statistics – Detached home sales decline as apartment condominium sales rise
As released by CREB® on August 2, 2022 – full link here. Significant slowdowns in the detached and semi-detached market were nearly offset by sales growth in the apartment and row sectors. This left July sales three per cent lower than levels recorded last year.…
Dower rights and you
If you’ve bought or sold real estate in Alberta, you may recall a short clause in both the residential listing and purchase contracts regarding Dower rights, but what does Dower really mean? The Dower Act of Alberta has been around a long time, since 1917…
Low-cost Ways to Improve Your Home’s Interior
Have you ever looked around your house and felt a little uninspired? Whether you are thinking of selling or not, a room refresh can go far to improve not only your mood but the experience others have when visiting your home. Now I’m not talking…
Real Estate Lawsuits – Top Issues and How to Avoid Problems
Did you know that every real estate professional in Alberta has errors & omissions insurance through the Real Estate Insurance Exchange (REIX)? They are the insurer who manages legal claims against real estate agents and have insight to all of the lawsuits filed pertaining to…
Multiple Offers
In a hot market, multiple offers are common but it is not the wild west out here – there are rules that govern how to handle a situation where a seller receives more than one offer. The Real Estate Council of Alberta (RECA) is the…
Curb Appeal Can Enhance Your Bottom Line
Your home’s exterior is the first chance you have to make a good impression on potential buyers, leaving them with thoughts of themselves enjoying the space on a warm summer day. There are a variety of projects you can undertake, big and small, and here…
Why is the sq footage different from when I purchased my home 10 years ago?
Square footage has always been top-of-mind for buyers in their search for a home but it is sellers and agents who are feeling the impact after the introduction of the Real Estate Council of Alberta’s (RECA) Residential Measurement Standard (RMS) in 2015. For the vast…
Real Estate is a Good Investment
Stocks? Bitcoin? RRSPs? While I’m all for diversifying, real estate has historically been a rising commodity – especially in the Calgary and area markets. A second home to rent out, a duplex or small apartment building can all be great opportunities to generate financial freedom…
Deposits and Alberta Real Estate
I often work with clients relocating to Calgary from other provinces, particularly Quebec, and it has given me some unique insights into how real estate is practiced in other jurisdictions, given we are all governed by our own Real Estate Acts. For example, in Alberta…
The Hottest Lake Communities in Calgary
Do you dream of lounging on the sand in the sun with your toes in the water? Maybe it’s a frozen lake ready for skating that you are looking for? While Calgary may not have sizable, natural lakes a lot of thought went into creating…