Blog

Upgrading Your Home In a Buyers' (DOWN) Market

Upgrading your home is a significant, often life changing decision so it’s natural for sellers to wonder when’s the best time to make such a monumental move.

If you are upgrading homes — selling and buying — waiting means the price of home you are trying to sell also drops.

Buying and selling simultaneously means that you’ll still be ahead of the game because the price reduction on the new house is likely to be greater than the loss on the old home, if the new home is worth more — that’s just a simple math in terms of percentages.

Example of 10 per cent down market

$300,000 current home: Down 10 per cent of $30,000 would make it now $270,000

$500,000 future home: Down 10 per cent of $50,000 would make it now $450,000

$50,000 - $30,000 Gain = $20,000

$450,000

72 Views, 0 Comments

Creative solutions for accommodation are always popular — and who’s not on the lookout for a good property investment. One of the most attractive options right now are secondary suites because of the flexibility they present.

Secondary suites are self-contained units that are detached from the main residency — such as a backyard unit, a laneway house, a basement suite or an above-garage unit.

Secondary suites are gaining acceptance across the country and laws are slowly catching up to reflect this new reality.

In Calgary, for example, there were just over 400 registered secondary suites in the fall of 2015. By the fall of 2018, that number had jumped more than double to 1,077 suites.

Now is an opportune moment to jump on the bandwagon of building rental

23 Views, 0 Comments

Who doesn’t dream of a home-away-from-home vacation property on a picturesque lakeside somewhere?

A recent survey shows that sales of recreational property are on the rise across country and the prices are expected to appreciate by nearly six per cent this year, particularly in Alberta and British Columbia. Alberta is leading the way on recreational property purchases, reaching prices of $535,885 on average.

Retirees and baby-boomers are the ones driving up vacation property purchases, flocking to lakes and streams, the seaside and mountaintops, with an eye towards retirement or a secondary home to raise children.

However, a spike down in the recreational property purchases was reported due to the newly introduced speculation taxes in British Columbia.

The

81 Views, 0 Comments

Your credit score affects many areas of your life from your spending abilities to your stress levels. Missing a couple of payments on a credit card can dramatically drop your score, even after years of consistently meeting payment deadlines. Your credit report tracks your spending history for the past six years and bad credit (FICO score) makes it nearly impossible to get financing for a home, car, credit card or even cell phone.

So if, for whatever reason, your score has plummeted — there’s a few things you can do to repair it.

1. Know your score

Finding out your credit score and history is the first step to knowing what went wrong and how to fix it.

You can get a copy from two main credit bureaus in Canada: Equifax (the most highly

103 Views, 0 Comments

PROPERTY INFO: . Asking Price: $799,999 Address: 127 & 129 Westminster Dr SW  Community: Westgate - Calgary  Total Sq. Ft. Above Grade: 1,865 sq. ft. Parking: Double Garage Detached Lot Area: 7191.69 sq. ft. / 668.13 sq. m. Lot Dimensions: 69 feet x 105 feet (approximate / irregular shape) . MONTHLY RENTAL INCOME: $3,565 . DEVELOPMENT OPTIONS - 2 x Detached Homes 2,513 sq. ft each - 1 x Detached Home 1,656 sq. ft. & 2 Attached Homes 1326 sq. ft. . Unique opportunity to own a completely renovated turn key rental investment. This side by side Duplex with 3 independent rental suites also offers an amazing re-development options. This property is located in the heart of Westgate across from Westgate…
121 Views, 0 Comments

Are you considering doing some remodeling of your home? Unsure how to start planning? A great starting point is to obtain the original building plan of your home.

Renovations can be expensive. But having the original plan of your home is priceless and can save you a lot of time, money, and stress. Here are a few of the benefits:

  •        Time savings – no need to spend hours tediously taking your own measurements!
  •        Having these detailed plans makes it a lot easier to apply for renovation permits and obtain quotes from contractors.
  •        The plans will tell you which walls are structural and which ones you can safely/easily remove.
  •        They will allow you to see through the drywall! You will know where all of the electrical and
103 Views, 0 Comments

Sign up for email updates