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Real Estate Blog

Taxes to Remember When Selling a Canada Vacation HomeCanadian homeowners need to be aware of the taxation rules and regulations that may apply upon when selling a second home. A Canadian resident may have to pay the IRS when owning a property in the US or be prepared for a capital gains tax for a vacation home in Canada. Get an idea of the tax obligations for Canadian residents and property owners looking to sell a vacation home.

Preparing in advance may reduce certain tax obligations. As Canadian and American tax law frequently changes, it is best to consult with a professional for the latest advice on selling and paying taxes on a vacation property. Learn more about the tax obligations when a Canadian homeowner chooses to move forward with selling a home.

Are You a Canadian Homeowner with

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What You Need to Know Before Choosing a MortgageInterest rates not only vary depending on the type of loan a home buyer chooses, but they also vary on the location and the lender. Before a buyer is even pre-qualified for a certain loan amount, it helps to understand how interest rates will affect the long-term financial repercussions of the mortgage. Home buyers have a few important factors to consider before settling on a mortgage and rate that works for them.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

A Look at Interest Rates

A conventional loan is one that usually requests at least 20% of the home's total value as a down payment from the buyer along with a good credit history. The 20%

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Where to Buy a Home Finding the right house can really make a place feel like home, but it isn't just about the physical building itself. It's also about the location. Real estate agents talk about location all the time, and about how important it is for most people. There's a reason for that. Location matters.

Wondering how to find the right house to buy? To find the very best location (Langdon homes for sale, perhaps?) for your new home, ask yourself these questions.

1) Are Schools a Factor in Your Search?

Having children is a big responsibility, and sending them to good schools can help give them the right start in life. Choosing a location near a good school can be a great way to provide the best educational opportunities for your child. Carefully research

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Mid Century Bungalows in Calgary Mid-Century Modern is a new trend in home décor.  What’s old is new again or at least, has a new spin.  The same holds true for homes constructed mid-century in Calgary.  You take that design, renovate and model and you have a modern, Mid-Century home.

The 1950’s building boom in Calgary occurred after the government’s scramble to put up good but cheap housing for returning war heroes.  It was the 1950s when the concept of the car-centric suburb really took hold.  Homes had front driveways or garages off the lane. Homes were larger, most often with three bedrooms with large front and back yards.  Shopping plazas had plenty of space out front to park cars and the corner-store concept started to die. New communities popped up faster than the city

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Calgary New Parents Having a child comes with enormous responsibility.  Many new parents have to navigate all that heavy-duty decision making with ease – some completely stress out.  Where to live is one of those life decisions that many don’t take lightly. 

When it comes to choosing a neighbourhood for their new family, today’s new Calgary parents take many factors into account.  Where once a generation of parents based their decision on proximity to schools and churches, today’s young people want the whole lifestyle package.  Schools are important but with so many programs of choice in Calgary’s private, public and separate streams, the location of the school isn’t always that important.  

Parents want parks, playgrounds, bike paths, bike lanes, shopping,

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Calgary Inner City Neighbourhoods

Looking to move to the inner-city neighbourhoods in Calgary? There are many things that make inner-city Calgary neighbourhoods a beautiful place to live.

Most people choose Calgary inner-city living because of the location. They want to be close to the action rather than way out in the suburbs. 

Each community offers that great, sought-after location but there are other big attractions to many of Calgary’s inner-city neighbourhoods.

Elbow Park

Located west of Elbow Dr SW and within walking distance of downtown, the Elbow Park community is where the Glencoe Club is located and the historic Christ Anglican Church.  Church bells peel out over the neighbourhood every Sunday and the extra-wide sidewalks with grassy boulevards make Elbow

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No child is denied entrance into a public school in Calgary.  The only problem is that if you choose to live in one of our city’s newest neighbourhoods, the nearest public school is probably not down the street.  A long journey on a school bus is not optimal for many Calgary families and large fields in new suburbs sit in wait for when the future-school-here signs to come down and for construction to begin.

The Calgary Board of Education (CBE) is long on plans to catch up with Calgary’s unprecedented growth and has announced some concrete plans now for schools in newer neighbourhoods in the north and south ends of the city, to the tune of $540 million in construction costs.

That includes the addition of three new schools in their current capital

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It’s no surprise to Mr. and Mrs. Average Calgarian that the City of Calgary has devalued residential homes in Calgary.

The 2016 tax assessments are being delivered to Calgary residences this week and the effects of our sour economy are evident in overall residential values.

The median assessed value for a single-family home, which is different than the average value, is actually up from 2015 by $5,000.  Condominiums are down by $10,000 to $280,000.

The bulk of Calgary’s residential homes remained relatively stable, however the assessed value of Calgary luxury homes dropped dramatically according to Nelson Karpa, city assessor.

Comparing 2016 to 2015, Nolan Hill in Calgary’s extreme North West has been hit the hardest for an assessment

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