May 2012

There are 15 blog entries for May 2012.

A recent report by the Canadian Association of Accredited Mortgage Professionals revealed that most Canadians feel comfortable about the mortgage they have and are working on paying it off faster. With all of the uproar in the mortgage industry below us in the States, it's comforting to know that Canada is remaining strong and is in fact doing extremely well in the mortgage department.

Canadians with home loans are making increasing efforts to pay off their loans sooner. Approximately 19% are contributing extra payments in a lump sum, 23% are increasing their scheduled payments, and 10% are choosing both of these options. Recent borrowers are anticipating that their amortization period will be 20% less than the length contracted,

Right now, Canadians are…
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Calgary's newest lake community, Mahogany, is located in Calgary's vibrant southeast corner. It's a locale that is ripe with fresh new homes surrounding a 63-acre freshwater lake. As a new community, Mahogany is thriving with homeowners that expect more from their lifestyle and their home. As far as urban living goes, this is one of the best places in Calgary to live.

Named after the wood, the Mahogany community lives up to the reputation behind its namesake. Mahogany is a deep rich wood that is exclusive, durable and beautiful. It has a unique pink coloring that slowly develops into a deeper red as the wood ages. As with the wood, the Mahogany community will also develop into a richer culture of its own as it matures.

Mahogany was approved as a new suburban…
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Spring has arrived and it is the perfect time to sell or buy a home. Buyers are looking for Calgary homes in droves right now. April, May and the month of June are the busiest times in the market with the weather cooperating for home searches and sales.

With the arrival of the warm weather you'll want to use these tips to make sure that you get the speediest sale possible.

1. Buy some flowers

Spring is a time of growth and rebirth and the best way to celebrate it is with flowers. Buy some containers of flowers that can be transplanted into your garden and purchase some fresh cut flowers for the inside. Not only will they make your home look great but they'll make it smell wonderful as well.

2. Wash your windows

At this time of year it is more important than…
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Condo sales are absolutely soaring right now in Calgary. With new developments springing up around the city and resales climbing, there's no stopping this trend.

Compared to last year's statistics sales are up and prices have followed suit. Between May 1 and May 25, 313 MLS® condo apartment sales have been reported by the CREB. This is a rise of 35.50% from May 2011. The average price for a Calgary condo has risen 4.07% to $276,840.

As well, condos are selling faster. So far in May, the average days listed on the real estate market are 50, which is down 4 days from 54 last year.

Calgary condos are hot commodities right now and for good reason. With everything from affordable to luxury condos being sold there is something to be found within anyone's budget.

A…
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So you've decided to take the plunge and put in an offer for a new home in Calgary. Congratulations! You have taken the first step towards homeownership. Now comes the time for nail biting as you wait for your offer to be accepted, rejected or to receive a counter offer. Normally you'll hear back very quickly one way or the other and hopefully things will be smooth and your offer will be accepted as is.

The Counteroffer

A counter offer will be presented when the home seller agrees with the offer except for certain particulars. Some of the most common reasons for a counter offer include the following:

  • Changing the possession or closing date.
  • Asking for a higher price.
  • Modifying time frame contingencies.
  • Removing personal property from the
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Airdrie is the small town just north of Calgary with a big heart. During the first 4 months of 2012 sales here outpaced Calgary's as people flocked here to call it their new home. Examining the year-over-year statistics, Airdrie has experienced a sales growth of 38%, and why not? Homes here cost an average of 20% less than they do in Calgary, which is attracting many buyers that don't want the big city life but still want to be close enough to the action.

Airdrie is only about 10 minutes north of Calgary and homes in the area have easy access to Edmonton and Red Deer's northern hubs. Amenities include parklands, wellness centers, shopping centers, parklands, schools and recreation centers.

Young families especially are calling Airdrie their new home. It is…
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There are many different reasons why you should use a Calgary real estate agent when buying or selling property. I have had to work with a lot of different clients that tried to buy or sell a home on their own and in many cases had to pick up the pieces left behind. There is a reason why there are real estate professionals, just like there are dentists for tooth repair. Just as you wouldn't fix your own teeth, you shouldn't attempt to negotiate a real estate transaction on your own.

There are many legal issues involved with a real estate transaction and unless you have gone through the vigorous training to become an agent you won't be aware of them. Issues like house insurance, taxes, titles, home inspections etc. need to be addressed properly. You'll need…
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If you're looking for the cougars in Cougar Ridge it's going to take you quite a while to find them. Cougars aren't regular guests in the area. Cougars actually like to make their homes on ledges, not ridges, so you're safe to settle in this homey community.

Calgary Area Cougars

When you're looking for cougars in Calgary the only ones you'll find easily are the MRU Cougars. This basketball team wears the proud cougar name but there are no cougars to be found on the basketball courts.

Although there are a reported 2000 cougars roaming around Calgary, they are rarely spotted. The last time a cougar was seen in Calgary was in September 2011 in the North Glenmore Park area. Maybe that cougar wasn't aware that Cougar Ridge even existed!

The Cougar Ridge Community

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Education plays more of a role in a child's upbringing these days than it ever has. Without a proper education, children just won't be able to keep pace with society’s ever increasing demands for employment. With this in mind, the Frasier Institute issues a report card every year ranking schools according to certain criteria. Schools are given an overall mark out of 10, which is a direct indication of the education level provided.

Here are the top 10 Calgary schools listed in the report and their corresponding mark.

10.0 Webber Academy
  9.8 Nellie McClung   
  9.7 Westmount   
  9.4 Calgary French & International    
  9.3 Clear Water Academy    
  9.3 Master's Academy
  9.2 Hillhurst
  9.2 St. Philip    
  9.1 Sunalta 
  9.1 Rundle College

Coming in with top…
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Once you've got your mind set on buying your first home you'll need to figure out how to put together a down payment. Most people find this to be the biggest hurdle to get past and then it's clear sailing from then on.

Here is a quick guide to help you get started with a down payment budget.

1. Look at homes

Start by taking a look at the Calgary real estate market to get a realistic view of the home prices. Look through houses in different parts of the city since location can play a big factor in pricing.

2. Decide on what you want

Decide whether you want a condo, townhouse or a single family home. After looking through the prices you'll have a better idea of what you'll be able to realistically afford.

If you feel that a house will be a bit too much

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