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A quick rundown of what’s going on in the market for the first 31 days of 2015.

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Website: www.TheHowardTeam.net
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Buying your first home is an exciting process.  You’ve probably worked hard and made lots of smart decisions to get you closer to your goal of becoming a homeowner.  More so than any other purchase, it’s important to educate yourself in several areas and set realistic expectations.

Understand the current market conditions.  The real estate market is always changing.  Sometimes it favours buyers, sometimes it favours sellers.  It can be affected by a variety of factors including interest rates, available inventory, consumer confidence, and even the weather.  You need to work with a local real estate professional who understands the market in your area.  This will equip you to make the right decisions and negotiate wisely when purchasing your first home.

Sit down with a mortgage professional.  It’s easy to get caught up in the purchase price of a home, but the monthly payments are what will really have an impact on your budget.  A mortgage professional will take the time to help you figure out exactly how much you will need to put aside for your down payment, what kind of interest rate you can expect, and how much your new home will cost you on a monthly basis.

Research how far your money will go and consider the various housing options within your budget.  Although you may have a particular type of house or neighbourhood in mind, you might be pleasantly surprised if you step outside your comfort zone.  Take the time to see properties in person, think about your long term goals, and weigh out the pros and cons of whatever is available in your price range.

Don’t bite off more than you can chew.  If you are looking at homes that need some TLC, bring someone along who can help you understand the scope of the project.  Renovations can be a profitable investment in the right areas, but you need to do some homework ahead of time to make sure it’s worth your time and effort.  With a little research and the help of the right professionals, buying your first home will be an exciting and rewarding experience.

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.

Calgary’s condo sectors continue to set the pace for the city’s residential resale housing market, which recorded 2,148 sales in September, nearly 12 per cent higher than the same period last year. “September’s sales growth was stronger than expected, due largely to a surge in condominium apartment and townhouse sales,” said CREB® chief economist Ann-Marie Lurie, who credits Calgary’s strong economy and fewer options in the lower-priced single-family market behind the continued demand.

For the fifth consecutive month, year-over-year condominium apartment sales growth outpaced growth in the single-family sector. Year-to-date condominium apartment sales totaled 3,819, a 21 per cent increase over last year. This compares with a seven per cent increase to 13,842 units in the single-family market over the same time frame. Added supply in the condominium apartment sector, meanwhile, is providing more choices. New listings increased by 48 per cent in September over last year and nearly five per cent over last month, further improving inventory levels and pushing this market into balanced territory.

In the condominium townhouse market, sales and listings continued its year-to date trend, rising 20 and 21 per cent, respectively, compared to the same period a year ago. Over the first three quarters, 3,002 units have exchanged hands, relative to the 4,011 new listings. Despite an increase in new listings, the condominium townhouse market continues to be relatively tight, with absorption rates remaining below two months.

“While overall supply levels have improved, the condominium townhouse sector continues to reflect the tightest market conditions in Calgary,” said CREB® president Bill Kirk. New listings in the single-family market similarly increased in September, helping to improve inventory levels above two months. A total of 2,148 units entered the market during the month, a jump of nearly nine per cent compared to the same period last year.

“While conditions are now more balanced, the composition of the single-family market has changed,” said Lurie. “One-quarter of year-to-date sales in the sector has been for product priced below $400,000. Last year, it represented 35 per cent of the market share. Two years ago, it accounted for 44 per cent of all single-family sales.”

The single-family benchmark price topped $512,800 in September, similar to August, but a 10.6 per cent increase year-over-year. Condominium apartment and townhouse benchmark prices grew to a respective $298,800 and $330,200, reflecting gains of more than 9.5 per cent relative to last year.

“Calgary’s housing market throughout the spring favoured the seller, resulting in higher-than-expected price gains,” said Kirk. “Now, a more balanced market is relaxing some of that upward pressure on home prices, and prices are leveling off relative to the previous month. Year-over-year, however, gains are still in the double-digit range.”

Recent price gains have encouraged listings growth and, ultimately, supply in all sectors, said Lurie. “However, citywide inventory levels continue to remain below historical norms, and current demand levels continue to point toward healthy absorption rates,” she said.

Download the full market report here

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.

I would like to take the opportunity to introduce one of the newest members of the Howard Team.  For some of you, she might be a familiar face.  I’m pleased to announce that my wife, Shirley, has made the move into real estate.  Shirley acquired her real estate license at the beginning of this year, and some of our buyers and sellers have already had the chance to work with her.

Coming from a background in music and education, Shirley is passionate about teaching our clients everything they need to know about their real estate transaction.  After graduating from McGill University with a Music Degree and then doing an Education Degree at the University of Prince Edward Island, music has been at the heart of Shirley’s teaching career.  She has been teaching music for 22 years and over the last 10 years, she has been employed by the Calgary Board of Education.  Shirley is an accomplished cellist and performs with the Calgary Civic Orchestra.  She has shared her love of music with countless students and also provides cello lessons at a private music school.  To add to her list of accomplishments, Shirley is also bilingual.

For many people, buying or selling a home is a learning experience.  Even though our clients hire us to represent their best interest in the transaction, they still want to have a strong sense of awareness each step of the way.  After all, buying a home is one of the most important decisions that you make in your life.  Shirley prides herself in providing exceptional customer service, and will take the time to answer all of your real estate questions.

As always, we appreciate your business and your referrals.  Shirley and I look forward to assisting you with your real estate needs.  Have questions about selling your home?  Thinking about making a move in the near future?  Don’t hesitate to get in touch.

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.

Yes is the answer… now what is the question?

At some point in the past 8 months I was at a Real Estate workshop where the speaker asked us about our ability to be versatile. He asked us to frequently get out of our comfort zone. He told us when being asked to do something, to “Say Yes… then explore the question.”

I wrote notes during the seminar, and upon getting back to my office, I created a list of “Actionable Items” that I wanted to implement in my business. I entered in my Google Calendar “Yes is the answer… now what is the question?” This statement now pops up on my Calendar weekly.

When friends Helen and Greg invited Shirley and I to join them on a 12-day walk from Coast to Coast across the United Kingdom, I immediately said “Yes”.

After saying “Yes”… Shirley and I reasoned if we could. Our youngest child is in the final year of high school. He would be okay. I have a good team in place at RE/MAX. They don’t need me everyday. I have hit my sales goals in the past couple of years. Financially, we can do this.

I don’t like walking. I walk my dog reluctantly. I basically hate it – unless I’m walking with one of my kids and/or Shirley. I never imagined I would ever walk across England.

I like to run, bike, paddle, etc. Walking is slow. I’m not peaceful enough. I don’t spend this amount time with anyone. Will my wife tolerate me after spending ALL day with me for 12 consecutive days… and I value this friendship. Will we still be friends?

So, after saying “Yes”… I booked the tour. A few weeks later, I booked the flight. I few weeks later, I booked the train… then the taxi that would take us to the departure point. I needed to do each step to fully prepare myself.

10 days prior to departure… I considered cancelling. There are always many reasons to cancel. I didn’t.

We began Day 1 by collecting a stone from the Beach on England’s West Coast, at St. Bees. It was a Dramatic walk south, along the coast, prior to heading up towards the mountains inland to the Lakes District.

We travelled through the Lake District – up mountains – and down. We ended each day in a small village with a pint or two and a nice meal.

We walked, picnicked, drank, ate and slept for 12 days. Upon arrival in Robin Hood’s Bay, 307 km later, we launched our stones that were collected in the Irish Sea – into the North Sea.

It was awesome. What did I learn?   Say YES more!

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 part of my customer service to my sellers, we ask that our buyers are pre-qualified. We have made it easy for you to get pre-qualified by visiting https://www.mlenow.ca to get step #1 of our process started. In less than 3 clicks you will be on your way to pre-qualifying yourself … and will be closer to your new home!

I would consider it an honor and a privilege to work together with you to achieve your real estate goals! Please feel free to contact me on my cell at 403-589-0004, or visit my Web site at http://www.TheHowardTeam.net for more information.

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Calgary is a big city made up of dozens of individual vibrant communities.  Even though Calgarians enjoy the benefits of everything that a major city can offer, many people live in the suburbs and enjoy a tight knit community within their own neighbourhood.

Establishing self-contained communities in one of the many important initiatives that has become a priority to manage Calgary’s rapid growth.  As the neighbourhoods around the city expand, it is important from a strategic planning perspective that the residents have access to all of their essential amenities close to home.  City planners want to make sure that people can live, go to school and access essential services within a close proximity to home.

If you live within one of these communities, there is no better opportunity to meet your neighbours than participating in one of the local events.  The Community of Huntington Hills has a enough sports and recreation to keep even the most active family on the go.  Figure skating, minor hockey, slo-pitch and lacross are just a few of the sports that are available for a variety of age groups. There are also plans in place to build an outdoor skate park at 64th Ave and Centre St. N.W..

The community lifestyle is appealing for families because it gives them a sense of security.  They have more opportunities to get to know their neighbours then they would in a traditional urban setting.  They are more likely to be actively involved in their kids’ school and everyone is always looking out for each other.

Living in a tightknit community is also appealing for seniors.  The organized events provide many opportunities to socialize and they can volunteer at local events if they are looking to get involved with their community.  The Woodland Creek Community Association offers a bridge club, knitting group, and a senior’s social night every month.  Making friends close by is helpful for whenever they need an extra hand.

The best way to enjoy the community where you live is to become involved with it.  Whether your neighbourhood has an organized board or not, you will always be able to find like-minded people who take an interest in their surroundings and want to collaborate to make it better.

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.

Peace Bridge
Courtesy of Jeff Whyte Photography

There is no doubt that 2014 has unfolded so far as a seller’s market in Calgary.  Here are the reasons why

• Inventory is low and homes are selling incredibly fast in Calgary Real Estate Market.
• The value of real estate continues to increase in major cities across Canada, and Calgary is certainly keeping up with the pack. People who are looking for homes need to be prepared to act quickly.
• With the reduced inventory of Calgary properties to choose from, it’s important to come forward with a serious offer to the seller; if you find the home that meets your needs and your budget.

Meanwhile, if the last few months have been any indication, it appears that inventory is slowly on the rise. Although it will take some time before we transition back into a buyer’s market, here are some tips to know:

• If you are thinking of buying this summer, mortgage rates are sitting at record lows for yet another season. This makes a tremendous difference in terms of affordability; it can save you thousands of dollars over the course of your mortgage.

• If you are thinking of buying in the next few months, it’s a good idea to speak to your Calgary mortgage broker and request a rate hold so you are ready to make a move when the right property comes on the market.

• Keep in mind, a rate hold doesn’t require any obligation on your part, but it does give you the ability to determine your monthly payments more accurately. Particularly if you are a first-time buyer, choosing a home that fits into a monthly budget that you are comfortable with is important to meet your short and long-term objectives.

• Whether you are planning on buying a home in Calgary, looking for your first investment property, or thinking of building the home of your dreams, you can make a decision with confidence. Calgary continues to a desirable and profitable place to invest.

This city has established itself on a strong foundation and the future is looking bright. So many people move to Calgary because they are looking for new opportunities.

Your next real estate opportunity could be just around the corner.

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.