Looking to buy or sell a home in Calgary? You'll need the latest information to research the local real estate market. We'll keep you updated on the average prices, current inventory, supply and demand, future prospects, and how these all relate year-over-year to help you make the best homebuying and home selling decisions. Read on for the latest quarterly update on the Calgary real estate market.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
Calgary Real Estate Market Update for Q1 2022
Calgary's seen a record high in home sales, thanks to an influx of new listings. Homebuyers are seeing some choice again after the low inventory of the previous
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If you are planning to put your North Calgary home on the market soon, chances are good that you are already immersed in a flurry of painting, de-cluttering, and deep cleaning tasks to make sure that prospective buyers will find it both attractive and welcoming.
The familiar rhetoric about location as the primary determinant of North Calgary real estate value is only partially true. Where a property is situated is a part of the equation, but equally important to a home's value are the square footage, the style and the amenities. So, just what should a seller consider when setting a price? And how is it possible to determine that a price is neither too high, nor too low, for current market conditions.
When the time comes to sell your Calgary home, there is more to selling than simply staging the home. Choosing the right buyer is just as important. A good buyer will help ensure the process of selling your house goes smoothly. Failure to select the right buyer could lead to home selling delays or even a canceled purchase contract. Here's what you need to know.
Many homeowners dream of selling their house for cash, because home buyers with mortgages add additional risk to the home buying process. If the mortgage does not fund at the end of the transaction, the home buyer must back out of the contract without purchasing the home. This doesn't happen when selling a home to someone paying cash.
Selling a home can be both an exciting and challanging time in a homeowners life. One item that will need to be dealt with by a Canadian home seller is the Seller Disclosre Form. There have been cases of issues discovered by unsuspecting Canadian home buyers after closing on a home. Sellers may not have disclosed or been aware of problems such as mould behind walls, foundation cracks and basement flooding.
Selling a home can be stressful, especially if the buyer is unprepared or has unrealistic expectations. Fortunately, you can often identify these buyers from a distance, if you know the signs. If you're a homeowner who will soon be selling your home, watch out for these buyer red flags.
Recording devices designed to provide security for a homeowner are commonplace today. Whether they're used to make sure the nanny is giving adequate care to children or to ensure the security of the perimeter of the home, home sellers could also be recording every transaction that occurs when a buyer is touring the home. While it's natural for homeowners to want to know what a potential home buyer really thinks about their Northeast Calgary home, the information they glean from these recordings could also be used to their advantages during negotiations.
It can be difficult to sell unimproved land. There are generally fewer deductions that apply after a sale and it requires some measure of creativity to help prospective buyers envision the possibilities of a parcel of land. However, there are many who are interested in buying undeveloped land, much like buying a home. This audience may include those looking to live an off-grid lifestyle, others that want to use the land for recreational purposes or hunting, or that may want to use tracts for agriculture or other types of development. What should individuals know about selling land in Canada?
Some Canadian homeowners may be thinking about renting out a property for additional income or to ensure it appears occupied. This may be worth considering for individuals with multiple residences or vacation homes that are underutilized. However, the path to becoming a landlord may not be without its share of challenges. It may be useful to discuss this option with a financial planner to see if renting is feasible based on one's specific situation and any applicable housing laws of the area.
