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First-time homebuyers face a myriad of choices when it comes to narrowing the search for their first home.  How much money to spend?  Which neighbourhood?  Downtown or suburbs?  These are all tough choices, and for some first-time buyers, another difficult decision is whether to put money down on a condominium or single-family home.  Some buyers know exactly what they want, while others need to do some serious soul searching and weighing of pros and cons to determine the best choice for their first home.

The Howard Team has worked with hundreds of first-time buyers over the years and we know how to ask the right questions to guide undecided buyers toward the choice that suits their budget and complements their long and short-term goals. We can educate them on the advantages and disadvantages of each choice and the intricacies of condo associations, maintenance fees and home maintenance.  Most importantly, we help them make the choice that is the best fit for their preferred lifestyle.  Here are a few of the questions we start with.

How long do you plan to stay in the home?

If you do not plan on owning your first property for more than 5 years, long-term goals are of less importance and can take a back seat to short-term considerations.  In this case, the best choice may well be the property that offers the best chance for rapid appreciation in the local market.  Based on statistical analysis and current trends, we can advise clients which neighbourhoods and type of housing are most likely to hold their value or appreciate.

What is your total budget for home ownership?

In many instances, condos are the more economical alternative and an excellent choice for first-time buyers looking to get the most house they can within the confines of their budget. Especially in Calgary, condos are a logical choice for many young, first-time buyers.   Nevertheless, it is critical that as a buyer you understand how to estimate the total cost of home ownership for condos vs. single-family homes so there are no surprises post-closing.

Do you have children or do you plan on starting a family?

Nowadays, when it comes to growing a family, it is not so much a question of how many kids you plan to have, but rather, how you plan to raise them.  The migration back to cities and downtown living is populated with many families choosing urban over suburban lifestyle.  Others still yearn for the extra square footage and freedom afforded by a single-family home with a backyard.  Fortunately, the Calgary market offers a wide range of options to suit almost everyone.

 What are your favourite leisure time activities?

This is probably the most important question and the tipping point for many buyers on the fence as to condo vs. single-family home.  Is your idea of a perfect Saturday afternoon tending to your large garden or visiting a museum? Would you rather be renovating your kitchen or snowboarding in your spare time?  How far are you willing to commute to work? Do weekend visits to a big box home improvement store leave you giddy with anticipation or bored silly?  These are lifestyle questions to help you determine if you are a condo or house person?   If you find yourself uncertain and leaning in both directions, it might be prudent to start your real estate venture with a condo, see how that feels and then move on to a single-family home down the road if it feels right.

Buying a first home is a life-changing event that merits careful thought and consideration.  Before launching your search for your starter home, sit down with an experienced Realtor to make sure you are heading in the right direction for you and your family.

Are you looking to Sell or Buy a home in Calgary and need someone who won’t rest until you’ve found your dream home or until your home is sold? I’ll work hard to earn your trust and to deliver exactly what you need. Contact me at 403-589-0004 or at TheHowardTeam.net.

About Bryon Howard

Bryon Howard and his team of Calgary real estate professionals sell an average of two homes a week. He is a member of the MLS Million Point Club, which ranks him roughly in the top 1% of productive realtors in Calgary. His aim is not just to please clients but to help them buy/sell a home in Calgary at the best price, in the shortest time, and with the least hassle. He is a member of the RE/MAX House of Real Estate that leads in the Canadian market. Learn more about Bryon at TheHowardTeam.net.

Real estate investing can be a highly-rewarding enterprise for those who are willing to hang in through the inevitable ups and downs of the market.  As in any investment, there are certain risks involved.  The most successful players manage to mitigate the risks and maintain a steady course and “eye on the prize” mentality through down cycles.  Are you one of those people with fairly low-risk tolerance who wants to reap the benefits of real estate investing, but you are hesitant to dive in? If you are, here are a few strategies for dipping your toes into the market.

1. Buy a Condo to Rent Out

Calgary real estate has a large inventory of condominiums and a steady stream of qualified renters.  The condo sector of the market witnessed a noticeable price decline in recent months, following years of frenzied appreciation.  With the region’s economic forecast looking brighter, now might be the perfect time for a newbie investor to enter the market.

2. Build a Legal Secondary Suite in Your Home

Recent changes to Calgary real estate’s zoning by-laws have made it much easier for homeowners to create legal secondary suites within the existing footprint of their homes. Check with your Realtor or consult the city’s website to see if your property is eligible for a legal rental suite.  Then start planning your next investment with all the extra income you will derive from your new rental stream.

3.  Keep the old home for potential rental investment

New investors quickly learn that three-bedroom, two-bath starter homes make perfect rental properties.  So, instead of selling your beloved first home when it is time to move up, why not take advantage of the next big market upswing and hold on to it for a while in the hope of seeing some appreciation?  With the right tenant leasing the property for a few years, you can potentially generate income and equity.  This is a smart strategy for novice investors.

Real estate investing requires a goal-oriented strategy plus a little bit of patience.  If you provide the patience, Calgary Real Estate-by The Howard Team can help you overcome the first-time jitters and craft a strategy to launch your career as a real estate investor.

Are you looking to Sell or Buy a home in Calgary and need someone who won’t rest until you’ve found your dream home or until your home is sold? I’ll work hard to earn your trust and to deliver exactly what you need. Contact me at 403-589-0004 or at TheHowardTeam.net.

About Bryon Howard

Bryon Howard and his team of Calgary real estate professionals sell an average of two homes a week. He is a member of the MLS Million Point Club, which ranks him roughly in the top 1% of productive realtors in Calgary. His aim is not just to please clients but to help them buy/sell a home in Calgary at the best price, in the shortest time, and with the least hassle. He is a member of the RE/MAX House of Real Estate that leads in the Canadian market. Learn more about Bryon at TheHowardTeam.net.

International publications such as The New York Times and The Economist are increasingly aware of what the residents of Calgary have known for a very long time – Calgary is a great place to call home!  For the past several years, London’s The Economist has consistently ranked Calgary in the Top 5 among the world’s “Most Livable Cities.”   In 2014, The New York Times awarded Calgary the No. 17 spot on its annual list of “52 Places to Go.”  We all have friends and acquaintances that took the advice of travel editors and planned a trip to Calgary only to end up moving here on a permanent basis.  They fell in love with Calgary for many of the same reasons we all love it.  Here are just a few of the reasons we all believe Calgary is such a great place to live.

The Best of All Worlds

Visitors and newcomers quickly discover that life in Calgary eliminates the sometimes-agonizing quandary of city vs. country.  Calgary has it all – clean, mountain living with a cosmopolitan vibe.  There are not many major cities in the world where you can enjoy a majestic mountain view from a downtown office or apartment loft.  It is a well-planned city that is simple to navigate. Designed on a grid and broken down into directional quadrants – North East (NE) North West (NW) South East (SE) and South West (SW).  Numbered streets and avenues make it easy to get around. Streets always run north-south and avenues always run east-west. At the axis, where the numbering originates, are Centre Street and Centre Avenue – navigational ground zero. The city has kept pace with its population growth with new infrastructure being introduced on a regular basis to quell any issues

Housing Choices In-Line with Modern Trends

The multitude of housing options available to residents of Calgary is perfectly in synch with the wants, needs and demands of today’s homebuyers and renters who are migrating back to city centres in droves.  While these people appreciate the lifestyle and amenities available to them in downtown living, they also yearn for the small-town feel that is alive and thriving in Calgary’s many diverse neighbourhoods.

A City Built for the Active Lifestyle

Most Calgarians are 100% vested in an active, outdoor lifestyle and the city’s beautiful landscape never ceases to impress.  The scenic Bow River wanders right through the city and some of Canada’s most epic landscapes surround Calgary.  Calgary’s world-class system of parks and trails keeps nature accessible to all who live, work and play here.  There are over 8,000 hectares of parklands and 800 km of multi-use pathways connecting them.  Some of the world’s finest winter resorts are only a little more than an hour’s drive.  Whether it’s camping at Mount Kidd, ski weekends at Sunshine or a simple stroll along the Bow, there are outdoor options for all ages and tastes. No matter what time of the year, there are always well-maintained parks and pathways to enjoy.  It is almost impossible to stay indoors with so many year-round options.

Calgary has earned its burgeoning reputation as a “must see” destination.  During a period of rapid growth and migration, the city has retained its small town charm and sense of wonder.  Many of the people who chose Calgary as their home over the past decade came here for the jobs and ended up staying for the lifestyle.  We are fortunate to enjoy an exceptional quality of life here in Calgary and are both proud and grateful to call this youthful, vibrant city our home.

Are you looking to Sell or Buy a home in Calgary and need someone who won’t rest until you’ve found your dream home or until your home is sold? I’ll work hard to earn your trust and to deliver exactly what you need. Contact me at 403-589-0004 or at TheHowardTeam.net.

About Bryon Howard

Bryon Howard and his team of Calgary real estate professionals sell an average of two homes a week. He is a member of the MLS Million Point Club, which ranks him roughly in the top 1% of productive realtors in Calgary. His aim is not just to please clients but to help them buy/sell a home in Calgary at the best price, in the shortest time, and with the least hassle. He is a member of the RE/MAX House of Real Estate that leads in the Canadian market. Learn more about Bryon at TheHowardTeam.net.

Too many novice homebuyers and investors still make the rookie mistake of buying the right house in the wrong neighbourhood.  While most people are familiar with the real estate mantra – LOCATION, LOCATION, LOCATION – some buyers fall in love with the look, feel and features of a particular home and, as we all know, love is blind.  Location ends up getting trumped by the hard-to-resist lure of a pretty façade.  In truth, buyers are better off buying a home in the right neighbourhood that has only half the amenities on their wish list than buying their perfect dream home in the wrong neighbourhood.

Narrowing a property search to the right neighbourhoods requires the guidance and assistance of a professional Realtor who has a clear understanding of your purpose in buying and your short and long-term real estate goals.  Your Realtor also needs to get to know you a little on a personal level to help in targeting the neighbourhoods that will offer the best fit for your personality and lifestyle.  The right neighbourhood for an investor will not necessarily be the right neighbourhood for a young couple with school age children or a single person seeking access to downtown amenities.

In order to maximize short-term cash flow and long-term equity growth, investors need to search for properties in up-and-coming communities that attract quality tenants.  If you are intending to be a landlord near a university, access to public transit is a critical element since many students and faculty members do not own their own vehicles.  Homebuyers with children need family-friendly neighbourhoods with proximity to good schools, parks and recreational facilities.

There are a myriad of factors to consider when buying a home.  Pinpointing the right location is a function of all of these considerations.  Do you work?  Where do you work?  Do you have children?  How do you feel about commuting?   How do you spend your leisure time?  Are you a condo or a house buyer?  If you are an investor, what are you hoping to achieve?  Is this your first investment or part of a larger portfolio?  These are only a few of the questions to consider before launching a property search.  The answers to these questions, in the hands of a knowledgeable Realtor, will help determine the locations to focus on in your search.

Even though all clients come to the table with wildly-differing goals and expectations, everyone is looking to achieve a positive return on investment (ROI) and location has a huge influence on ROI. At the same time, if you are going to be living in the home, you want to be in a neighbourhood that will accommodate your needs and complement your lifestyle.  The suburban home you fell in love with at first sight may start to wear on your nerves if it involves a long commute.  And the downtown condo that is close to work may leave you disenchanted if you have always harboured dreams of large backyard barbecues and an expansive garden.

Pinpointing the right location with strong potential for both long term ROI and short-term comfort and satisfaction involves a delicate analysis that is best conducted with the help of an experienced and objective Realtor.  You will need a pro to help you weigh all factors and choose the right property in the right neighbourhood for you and your family.

Are you looking to Sell or Buy a home in Calgary and need someone who won’t rest until you’ve found your dream home or until your home is sold? I’ll work hard to earn your trust and to deliver exactly what you need. Contact me at 403-589-0004 or at TheHowardTeam.net.

About Bryon Howard

Bryon Howard and his team of Calgary real estate professionals sell an average of two homes a week. He is a member of the MLS Million Point Club, which ranks him roughly in the top 1% of productive realtors in Calgary. His aim is not just to please clients but to help them buy/sell a home in Calgary at the best price, in the shortest time, and with the least hassle. He is a member of the RE/MAX House of Real Estate that leads in the Canadian market. Learn more about Bryon at TheHowardTeam.net.

When it comes to preparing a home to list for sale, successful Realtors and sellers understand that it is all about the details. There is more to selling a home for top dollar than simply staking a “For Sale” sign in the front yard. Paying attention to seemingly minor details will help separate your property from others in the MLS and instill in buyers the confidence that they are purchasing a home that has been cared for.

Rather than just issuing blanket instructions to sellers that they get their homes in shape to sell, we like to take an individualized approach and make specific recommendations to sellers based on their needs and circumstances. The goal is always to help ensure the property shows as well as possible. Many clients find that a small investment of time and money prior to listing a property for sale more than pays for itself at closing.

Of course every home is different and the extent of preparation work will vary according to the age and condition of the property and the size of the seller’s budget. While we always sit down with our clients and craft a personalized strategy, we find that attention to any of the following basic items will help sell any home:

Declutter and Depersonalize – Remove as much clutter and extra furniture as possible. Traffic in the home should flow smoothly from one room to another. It is also helpful to remove personal photos, memorabilia and knickknacks to help buyers begin to envision the home as their own.

Deep Cleaning – Arrange for a deep cleaning of the home – inside and out. Power wash the exterior, and clean all walls, surfaces, windows and fixtures until they shine. Steam-cleaned carpets will look and smell like new.

Landscaping – Trim trees, bushes and any landscaping that is overgrown or obscuring the home. Make sure the lawn is cut on a regular basis.

Minor Repairs – If feasible, now is the time to take care of all those little repair items that accumulate over time. Repair or replace cracked floor, wall and counter tiles. Patch holes and cracks in the walls. Fix leaking pipes and faucets. Repair any broken doors, windows and cabinetry. Clean chimneys and replace HVAC filters.

Fresh Paint – Consider painting the interior of the home in neutral tones to appeal to the most buyers. Don’t worry! You can paint your next home in your favourite shades of pink and orange.

Finishing Touches – Replace burnt out light bulbs and worn, discolored switch plates. Pull back curtains and blinds to allow natural light to flow in. Consider replacing any worn out window treatments, bedspreads and comforters.

Some of these items may seem minor and insignificant, but experience tells us that lack of attention to these little details can make your home seem frumpy and neglected. Once you have prepared your home for listing, we can help you in the next steps – setting the appropriate asking price based on a market evaluation and determining if staging the home will assist in the sale. At first glance, it may seem like a lot of work. Just remember that once we place a “Sold” sticker on your “For Sale” sign, you will know that the time, money and labor invested in preparing your home for sale was well worth the effort.

Are you looking to Sell or Buy a home in Calgary and need someone who won’t rest until you’ve found your dream home or until your home is sold? I’ll work hard to earn your trust and to deliver exactly what you need. Contact me at 403-589-0004 or at TheHowardTeam.net.

About Bryon Howard

Bryon Howard and his team of Calgary real estate professionals sell an average of two homes a week. He is a member of the MLS Million Point Club, which ranks him roughly in the top 1% of productive realtors in Calgary. His aim is not just to please clients but to help them buy/sell a home in Calgary at the best price, in the shortest time, and with the least hassle. He is a member of the RE/MAX House of Real Estate that leads in the Canadian market. Learn more about Bryon at TheHowardTeam.net.

When buying or selling a home, one of the most important documents you will have is the Agreement of Purchase and Sale, also commonly referred to as the “Offer”. This legally binding contract will outline in detail everything from the purchase price, closing arrangements and conditions to titles and chattels. It is always best to have a lawyer go through the details of every document or contract you have to sign when buying or selling a home, but it doesn’t hurt to be acquire some knowledge of the process prior to seeing your lawyer. We will share with you some of the more important and relevant sections of the agreement, and from here you will be more equipped when the time comes for you to sign one.

The Agreement of Purchase and Sale is a standard contract governed by AREA the Alberta Real Estate Association. The purchase or sale for a home is usually the largest transaction that you will make in your lifetime.  As such, the Agreement should be fully understood by both the buyer and seller and requires that both parties fully understand what it contains and what it means to them.

The agreement is only a few pages when you remove the signature page and schedules that contain additional provisions. It contains many self-explanatory “fill in the blank” provisions, but care must be taken to ensure that they are accurately completed, including the names of the parties, the purchase price, the property description, the deposit and the closing date.   The date of the agreement is typically for reference purposes only.

Here we list some of the more important sections of the agreement.

1. The Property – this section provides the legal address and description of the property being sold/purchased. It also details any items or “chattels” that are to be included or excluded from the agreement.
2. The Transaction section is important because it details the financials’ what the initial deposit is, an assumption of mortgage, financing and any other details that are.
3. The Deposit section details where any monies and deposits will be held in trust, legal details pertaining to the financial transaction and all other financial conditions included on the agreement.
4. The Conditions section details all conditions that are part of the offer. A condition could be based on approved financing, passing a home inspection or and other condition the buyer chooses to implement.

Once the Offer is made by one party and accepted by the other, it becomes a binding agreement of purchase and sale (subject to any conditions set out therein). In order to get the Agreement right, the buyers and sellers will have to heavily rely on the expertise of their realtors and lawyers, but should make every effort to read and understand the Agreement provisions before rushing off to sign.

It is fair to say that some real estate transactions are more complicated than others. Therefore ensuring you have a licensed realtor and legal professional on your team is imperative for a smooth and easy transaction.

Are you looking to Sell or Buy a home in Calgary and need someone who won’t rest until you’ve found your dream home or until your home is sold? I’ll work hard to earn your trust and to deliver exactly what you need. Contact me at 403-589-0004 or at TheHowardTeam.net.

About Bryon Howard

Bryon Howard and his team of Calgary real estate professionals sell an average of two homes a week. He is a member of the MLS Million Point Club, which ranks him roughly in the top 1% of productive realtors in Calgary. His aim is not just to please clients but to help them buy/sell a home in Calgary at the best price, in the shortest time, and with the least hassle. He is a member of the RE/MAX House of Real Estate that leads in the Canadian market. Learn more about Bryon at TheHowardTeam.net.

The home buying process can be very exciting…choosing the neighbourhood you want to live in, scouring through listings and checking out weekend open houses to find the home of your dreams. I enjoy helping my clients through this process – it’s one of the many reasons I became a Realtor. My job is to give my clients the tools to buy with confidence, which is why I work with specialists and ensure that I am keenly up to date during the many ebbs and flows that is the real estate industry. If you are thinking of buying your first home, or ready to get back into the market after several years of home ownership, a licensed Realtor is essential to help you understand all your options.

Once my client has made the decision to purchase a new home, I help them to weigh their options. These options can be anything from location to budget restrictions – but whatever they are I use my years of experience to help guide them in the right direction. Providing them with a good understanding of what their desired locations means for their budget and lifestyle, as well as ensuring that they are making a good long term investment that will help secure their future golden years.

I also work alongside accredited mortgage brokers who are experienced and knowledgeable. Having them as part of my team allows my clients to secure their financing in the early stages of the process. This relationship bodes well especially when a client is self-employed or has a non-traditional source of income. A mortgage professional can help to easily navigate home buyers through the labyrinth by assisting in getting the required documentation and advising on what type of mortgage and payment plan suits their financial needs.

Whether you are a typical buyer looking for your next place to call home or an investor who would like some assistance in buying additional properties, my team and I have the qualifications you need to make the process a seamless one.

Are you looking to Sell or Buy a home in Calgary and need someone who won’t rest until you’ve found your dream home or until your home is sold? I’ll work hard to earn your trust and to deliver exactly what you need. Contact me at 403-589-0004 or at TheHowardTeam.net.

About Bryon Howard

Bryon Howard and his team of Calgary real estate professionals sell an average of two homes a week. He is a member of the MLS Million Point Club, which ranks him roughly in the top 1% of productive realtors in Calgary. His aim is not just to please clients but to help them buy/sell a home in Calgary at the best price, in the shortest time, and with the least hassle. He is a member of the RE/MAX House of Real Estate that leads in the Canadian market. Learn more about Bryon at TheHowardTeam.net.

As a Realtor, my clients are always asking me which home improvements tend to attract buyers and bring the best return on investment when it comes time to sell. In Calgary, homeowners cannot go wrong in replacing dated, worn-out windows with attractive, energy-efficient replacement windows. The return on investment will be realized immediately in the form of reduced heating and air conditioning bills and will continue down the road in the form of appreciation. Replacement windows are also one of the few upgrades that will please nearly all buyers.

Many home improvements are more about livability than adding value to your asset. By all means, if you are planning on staying for a while and have the means to do so, go ahead and make any and all improvements that make you happy. If, however, you are planning on listing your home for sale in the not too distant future, think twice before making certain improvements that are not likely to add value to the property and may even impede sales. Very high-end kitchen remodels, over-the-top renovations and highly personal décor affixed to the home will not bring much of a return on investment and may put off buyers who do not share your decorating aesthetic.

Replacement windows are such a sensible investment because they tend to bring a return whether the homeowner stays for five years or thirty. Draft-free rooms reduce energy bills considerably and make the home more comfortable and livable for its occupants. It is a simple and cost-effective improvement that any homeowner with cold spots and leaking windowsills can appreciate. The selection of materials and styles available to buyers is endless. Owners of older homes interested in preserving the appearance of their home should have no trouble finding suitable replacements that will make the home energy-efficient while preserving the architectural integrity at the same time.

If you are living in a drafty home with leaking windows and rotting window sills, you should definitely consider installing replacement windows to enhance the beauty, energy-efficiency and overall value of your home. In some areas, tax credits and utility company rebates are available to homeowners looking to update their windows and doors. Lenders may also sponsor special loan programs to finance the initial cost.

Stay warm in the winter, cool in the summer and confident year round knowing you have made an excellent investment in your home when you install replacement windows.

Are you looking to Sell or Buy a home in Calgary and need someone who won’t rest until you’ve found your dream home or until your home is sold? I’ll work hard to earn your trust and to deliver exactly what you need. Contact me at 403-589-0004 or at TheHowardTeam.net.

About Bryon Howard

Bryon Howard and his team of Calgary real estate professionals sell an average of two homes a week. He is a member of the MLS Million Point Club, which ranks him roughly in the top 1% of productive realtors in Calgary. His aim is not just to please clients but to help them buy/sell a home in Calgary at the best price, in the shortest time, and with the least hassle. He is a member of the RE/MAX House of Real Estate that leads in the Canadian market. Learn more about Bryon at TheHowardTeam.net.

Despite the economic downturn triggered by the precipitous fall in crude oil prices, Calgary’s population continues to grow and outpace projections made just a few years ago. According to the City’s 2015 Census, the 1.2 million people currently residing in Calgary represent a 3% increase from the prior year. 2015 witnessed the third largest influx of new residents in Calgary’s history. Despite economic concerns that are affecting all but a few areas of the country, Calgary remains Canada’s fastest growing city.

The unemployment rate in Calgary right now is hovering around 7% – similar to most of the country. The newcomers still flocking to the City are putting their faith in the belief that Calgary’s diversified economy will enable it to weather the storm and handle the seemingly random spins of economic cycles. The manufacturing, finance, construction and transportation sectors remain viable sources of employment for Calgary’s growing population.

While the promise of good jobs may have been a driving force during the city’s exponential growth over the past twenty years, there were other factors at work that caused the newcomers to stay and make Calgary their permanent home. The City consistently ranks high in MoneySense magazine’s annual list of “best places to live” in Canada. The MoneySense editors understand what Calgary residents already know – the weather, spectacular scenery, emphasis on active lifestyle and strong sense of community combine to make Calgary a very livable city. In fact, The Economist has declared Calgary to be in the top five “most livable cities” in the world and awarded the City perfect or near perfect scores in the categories of “stability”, “education”, “healthcare” and “infrastructure”. Residents, visitors and pundits the world over agree that Calgary is a very good place to live.

When it comes to urban planning, cities throughout North America and the world look to Calgary as a model in the ongoing fight to balance growth and development with environmental concerns. Many residents choose to bicycle to work and even more enjoy the City’s vast network of hiking trails and paths on a daily basis.

Even in the face of economic uncertainty fueled by energy industry woes, Calgary’s diversified employment opportunities and high wages keep workers coming. Our healthy, active lifestyle, incredible natural beauty and intact pioneer spirit compel them to stay.

Are you looking to Sell or Buy a home in Calgary and need someone who won’t rest until you’ve found your dream home or until your home is sold? I’ll work hard to earn your trust and to deliver exactly what you need. Contact me at 403-589-0004 or at TheHowardTeam.net.

About Bryon Howard

Bryon Howard and his team of Calgary real estate professionals sell an average of two homes a week. He is a member of the MLS Million Point Club, which ranks him roughly in the top 1% of productive realtors in Calgary. His aim is not just to please clients but to help them buy/sell a home in Calgary at the best price, in the shortest time, and with the least hassle. He is a member of the RE/MAX House of Real Estate that leads in the Canadian market. Learn more about Bryon at TheHowardTeam.net.

The stars are historically aligning in Calgary to create near-perfect conditions for certain sectors of the real estate investment market.  Anyone still hesitant about owning investment property should realize that conditions may never again be as favorable as they are right now. Several economic and social trends are combining to create optimum conditions for the perfect storm!

• Economic Uncertainty – The free fall in gas and oil prices has contributed to an atmosphere of economic uncertainty.  A good number of jobs were lost in Western Canada and throughout the nation.  As a result, many workers are reluctant to buy a home and plant roots right now.  They want to maintain the flexibility to relocate quickly if a job opportunity demands that.  Renting remains their best option.

• Low Interest Rates – What is there to not like about today’s historically low-interest rates?  2015 witnessed not one but two quarter-point Bank Rate drops by the Bank of Canada.  The cost of money is as low now as it has been at any point in history.  The forecast for 2016 is for minor increases if any.

• Lower Construction Costs – Purpose-built housing and secondary suites cost only a fraction of what it takes to build a single-family detached home.  Lower costs equal higher returns.

• Liberal Party Platform – Prime Minster-elect Justin Trudeau and his victorious Liberal party have proposed $125 million in tax incentives designed to add to Canada’s stock of rental housing and promote the renovation of existing housing stock. The incentives will come in the form of the elimination of all GST on investment in affordable rental housing.

• Everybody is Renting – The shift toward renting vs. owning is not confined only to those uncertain about employment prospects. Everybody is doing it, including retirees!  The millennial generation may be igniting the fuel, but the trend is visible across all demographic groups, including the wealthy.  For many people, renting is simply the more attractive option for a myriad of reasons. There should be no shortage of renters in the Calgary market for years to come.

Rarely, forces come together so forcefully in favor of investment in one sector of the market. Those who wish to share in the profits are well-advised to speak to a reputable Realtor with a solid background in representing investors.

Are you looking to Sell or Buy a home in Calgary and need someone who won’t rest until you’ve found your dream home or until your home is sold? I’ll work hard to earn your trust and to deliver exactly what you need. Contact me at 403-589-0004 or at TheHowardTeam.net.

About Bryon Howard

Bryon Howard and his team of Calgary real estate professionals sell an average of two homes a week. He is a member of the MLS Million Point Club, which ranks him roughly in the top 1% of productive realtors in Calgary. His aim is not just to please clients but to help them buy/sell a home in Calgary at the best price, in the shortest time, and with the least hassle. He is a member of the RE/MAX House of Real Estate that leads in the Canadian market. Learn more about Bryon at TheHowardTeam.net.