Price gains for Calgary sellers encourage new listings

Posted by Nancy Ball on Monday, May 5th, 2014 at 3:43pm.

Hello Everyone,

It has been a rewarding week for me as I helped 6 clients buy or sell a home! Thanks to the support and referrals from Scott Stubbs & Meagan Lozinski, Janice Rotter, Mike Parisotto, Sara & Tyler Polzen, Kari Coville, Kate Sleen, Barb & Chris Riley, and Carrie-Lynn & Matthew Saville. I truly appreciate your confidence in me as a Realtor and your support helps me strive to become better each day!
 
Prices seem to be rising in this market but there are still some great opportunities for buyers. I have been winning my competitive offers which is always rewarding. My best advice to buyers is to be prepared to make an offer on the spot. Good listings come and go very fast these days! To start your search, the IDX search on my website is updated regularly with new listings. For those who are unsure of their preferred community, start by selecting a quadrant of the city. Whether it is northwest, southwest, southeast or northeast, my website does the research for you displaying current active listings, local attractions and statistics on the area.
 
Please let me know if I can help.
 
-Nancy

P.S. Don't forget to enter the California Trip for 4 contest at http://www.cirrealty.ca/contest/cir-contest.cir. You could win!

Price gains for Calgary sellers encourage new listings

New listings improve for all product types in the city

Following a slow start to the year, improved weather and price gains supported new listings growth. New residential listings in April totaled 3,754 units, an eight per cent increase over the previous year. Meanwhile sales activity totaled 2,545 units for the month, a seven per cent increase over April 2013.

"Throughout 2014, the condominium apartment market has recorded new listing gains, while until April, the single-family sector saw a reduction in new listings," says CREB® president Bill Kirk. "Many single-family homeowners have been waiting for further price gains and the start of the spring market to list their homes." Click Here »

Tips to Combat the Biggest Energy Wasters at Home

Electric rate for some Alberta homeowners expected to rise close to 60 per cent in May

CALGARY, Alberta, May 1, 2014 /CNW/ - With regulated electricity rates forecasted to rise significantly in May, Alberta homeowners concerned about the possibility of rising energy bills need to be more conscientious about how they use energy. Unfortunately, each year, many homeowners waste hundreds of dollars on unnecessary energy costs because they're unaware of simple money-saving strategies.

Direct Energy Home Services wants to help Albertans identify the biggest energy wasters in their homes that increase their monthly energy bill. This includes making sure equipment is working properly, identifying household appliances and devices that consume electricity when they're in standby mode, and understanding which energy efficiency upgrades provide the largest return on investment.

Here are some ways to help gain control over your energy use and budget from Dave Walton, Direct Energy's Director of Home Ideas:
Click Here »

Renovating an Old House in Upstate New York 

Lisa and Mark Hellman, in a yearlong, top-to-bottom-renovation, restored this 106-year-old home to its former glory, creating a pastoral family retreat in upstate New York. See before and after photos of their intensive restoration and decorating.

The House: Before

The operative word in the phrase "gut renovation" is the first one — it takes real guts to strip a house down to the studs, then build it back up again. Especially if you're new parents, like Lisa and Mark Hellman were (to then-infant daughter Avery) when they found their 106-year-old home, situated on a former chicken farm near Jeffersonville, New York. Not only had the sprawling 6,000-square-foot building been converted into six apartments, but by the time the Hellmans discovered it, the ramshackle residence had stood abandoned for 25 years.
Click Here »
 

Backsplashes Can Make a Kitchen 

With kitchen renovations, the backsplash is like tape that ties everything together, stretching from one end of the room to another. The multitude of materials, sizes, colours, and design can be overwhelming! Adding to the list of top backsplash tiles, here are some new and bold designs: Click Here »

 

Win a Family Trip for Four

WIN a grand prize Family Trip for FOUR to California -or- one of five other great family days out in Calgary. GRAND PRIZE Draw first week of June 2014. Don't forget to tell them who sent you!!!

Upcoming Events

May 9 - 11 Spring Festival of Crafts
May 9 - 20 Zerbini Family Circus' 251st Celebration
May 10 Show & Glow on The Bow
May 11 Mother's Day
May 12 - 16 GeoConvention 2014
May 16 Otafest
May 16 - 18 2014 LEGO Kidsfest
May 17 - 18 Calgary's Fourth Annual Spring Serbian Festival
May 19 Victoria Day
May 21 - 24 Calgary International Children's Festival
May 22 Calgary EATS!
May 23 Taste the Market
May 24 Women's Sport and Fitness Show
May 26 Lilac Festival
May 29 - June 1 Scotiabank Calgary Marathon
May 29 - June 8 FunnyFest, Calgary Comedy Festival
June 7 Nanton Celebrates History
June 14 Millarville "Run To The Farmers' Market" Half Marathon
June 15 Father's Day
June 15 Fathers Day BBQ
June 18 - 22 Sled Island Festival
June 21 First day of Summer
July 1 Canada Day
July 4 - 14 Calgary Stampede

April Statistics
Calgary April 2014 Statistics

 
  
Q: How do I use my RRSP for a down payment?

A: The RRSP Home Buyers Plan allows first time buyers to withdraw up to $20,000 maximum per person on a tax free basis from their RRSP. Taxpayers may contribute to their own or their spouses RRSP, wait 90 days, withdraw the funds and make a considerable tax savings, which they can use as a down payment.

Q: When does that need to be repaid?

A: Equal annual payments/installments need to be made over 15 years. First payment is due 60 days after the end of the second full calendar year following the year the deduction was made. ie. 1997 withdrawal ----> 1st payment Feb 29, 2000. No interest is payable. Funds may be repaid more quickly if desired. Revenue Canada sends payment amount verification to the client every year to inform them how much their payment must be. If 1/15 is not repaid in any year, the unpaid portion is added to income and taxed at their marginal tax-rate.

From CREB FAQs section http://www.creb.com/public/buyer-resources/frequently-asked-questions.php
 
ASK Nancy a question for her to address in upcoming issues! Curious about where the real estate market is heading or need help to sell your house?
ASK NANCY!!!

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