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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.

For years now, economists and social scientists have been warning us that the millennial generation holds the power to transform society’s values and political base in ways we have not yet even imagined.   This demographic group can exert inordinate influence through the sheer power of their educated numbers combined with their familiarity and comfort with the use of digital media and technology.  Generation Y is already recognized as a force to be reckoned with in the workplace and in consumer marketing. When it comes to lifestyle choices and real estate, the millennials are already beginning to flex their collective muscle.

For as long as most of us can remember, it was the dream of every Canadian to own their own home.  After school, you rented with room mates for a while before graduating to your own apartment or condo and eventually moving up to a single family home in the suburbs with a partner or spouse.  Millennials are taking this well-worn paradigm and turning it over onto its head.

After being forced to rent under the weight of crippling student debt and wildly-inflated housing prices, this diverse demographic sector of our society is now embracing the hand that was dealt them and choosing to rent rather than own a home.  In their trend-setting migration back to downtown rentals in city centres, the millennials are not alone.  They are joined by a vast cross section of the population, including their baby boomer relatives who are following the same path in droves.

The new renters are embracing the flexibility and mobility that renting offers.  In addition to making it easier to pull up stakes and accept a job opportunity across the country, renting affords apartment dwellers the luxury of knowing exactly how much they will need for housing costs each month.  Leaking pipes and broken furnaces are the landlord’s headache – not theirs.  Today’s urban renters want a comfortable and safe home with nice amenities but they are willing to sacrifice square footage and potential equity to free up money for travel and recreation.

For property owners, investors and real estate professionals, it is time to take notice of the millennial driven movement toward renting vs. owning. It is a trend that appears to have staying power and may revolutionize the residential real estate market.

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.

With tremendous pride and gratitude, The Howard Team would like to thank Houzz for honoring us with their “Best of Houzz” award for 2016 in the category of customer service. Like all users of Houzz, we enjoy getting home decorating and remodeling ideas from the website and are thrilled to be chosen “Best of Houzz.”  The Houzz award means so much to us because this particular honor reflects the sentiments of the members of the Houzz online community – 35 million strong and growing at last count!  It is a great feeling to be recognized for our team’s customer service achievements since we strive to keep our clients and their needs as our central focus every day

The “Best of Houzz” prizes are awarded annually in the categories of Design, Customer Service and Photography.  Houzz is the “go to” site for homeowners looking for home improvement ideas, inspiration and up-to-date reviews on remodeling professionals and Realtors in their area.  According to Liza Hausman, Vice President of Industry Marketing for Houzz, “Anyone building, remodeling or decorating looks to Houzz for the most talented, competent and service-oriented professionals.  We’re delighted to join our community of homeowners and design enthusiasts in recognizing our “Best of Houzz” professionals around the world.”

In a real estate market as active as Calgary’s with thousands of Realtors competing for clients, it is not enough to simply offer a good product and assemble a talented team of agents.  In order to succeed in this market, you have to employ the customer service skills that our clients rightfully demand.  In addition to having a genuine fondness and respect for people, you need to have patience and attentiveness and exhibit the attention to detail that real estate transactions require.  You need to be an expert listener while also knowing how to “read” clients who may have trouble articulating their goals.  Every client brings their own unique personality, wants, needs and circumstances to the table and it is a Realtor’s job to sort through these sometimes competing interests to help a client achieve their real estate goals.

The real estate industry is ultimately more about people than bricks and mortar.  Our clients are the lifeblood of our business and our greatest resource.  We thank the Houzz community for recognizing the Howard Team’s commitment to top-notch customer service and to the clients that we serve.

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 real estate landscape in North America is in the midst of an historical shift. The era of the coveted McMansion is quickly coming to an end. Today’s pool of home buyers have an entirely different set of priorities than their parents when it comes to housing – with the most notable difference being that many are not buyers at all and they will probably not become buyers in the foreseeable future. They are renters and they are here to stay!

The Calgary real estate market serves as a perfect backdrop for the shifting landscape. Canada’s young population includes 7-9 million residents classified as millennials. While they are by no means the only demographic group turning their back on home ownership, they are definitely the most influential.

Perceptive buyers looking to build wealth for their own retirement know that investment in purpose built revenue property stands out as one of the safest and most lucrative vehicles available to investors in today’s volatile world.   In addition to the social and economic trends fueling the shift, recent changes to Calgary’s by-laws have further served to fan the flames by making it easier and more cost-effective to construct a purpose built revenue property.

While the nation’s Liberal Party platform embraces purpose built rental housing as a means to provide all Canadians with access to affordable housing, low-income residents are not the only sector of the population in search of a good rental. Large groups of residents from all income strata are moving toward renting as a lifestyle choice and investors looking for the best returns are wise to target housing geared toward the upper middle layers of the rental market. The best rental property to invest in is priced to attract this group, located in a desirable neighbourhood and constructed of good materials with low maintenance and durability in mind.

Investing in a purpose built revenue property in Calgary, as opposed to condominium or a REIT (Real Estate Investment Trust), affords the individual investor direct control of the asset, low maintenance, freedom from condo fees and bothersome boards, monthly residual income and the opportunity to realize appreciation in Canada’s strongest real estate market.

My advice for any serious real estate investor in Calgary is to start crunching numbers with a knowledgeable Realtor and do not miss the opportunity to profit from this seismic shift in the real estate landscape.

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.

What do you think of an investment that comes with the promise of long-term appreciation plus an immediate return?

It sounds like it may be worth looking into – right?

With interest rates at an all-time low and stocks and bonds seesawing between volatility and the doldrums, real estate investment has emerged once again as a reliable vehicle for those seeking to build wealth. It is the rental market in specific that is enjoying a renaissance of sorts. For a number of reasons, urban dwellers are drifting away from homeownership and toward the rental market.

For the first time in several decades, investors in Calgary real estate with a focus on the rental segment are realizing an immediate income stream while building equity at the same time. This is due largely to the low cost of borrowing money combined with high rental rates, low vacancy rates, and societal changes that are pulling people back toward city centers. The result is that thousands of renters are now living in single-family homes or owner-occupied single-family homes with brand new secondary suites.

On top of the economic and social conditions that favor the growth of the rental market, the City of Calgary has recently enacted building code changes that make it easier to create a secondary suite or legalize an existing suite. Many homeowners are using income from secondary suites to pay down their mortgage, supplement monthly income, and help elderly relatives and young adults in need of a private, but affordable space.

In doing so, they are also building equity and adding to the value of their property at the same time. Others are purchasing a second investment property and using the revenue from the investment property to pay down the mortgage on their residence.

To illustrate how this works, let us take the real-life example of a brand new Highland Park property valued at $750,000 with a $562,500 mortgage balance to see how the presence of a walkout rental suite together with the main house rental generates immediate value for the property owner.

Building Summary:

Completed Value of Home $750,000

Deposit $187,500

Mortgage Balance $562,500

Rental Summary:

Main House Rental (3 bedrooms 2.5 bath with garage) $2400/mo     

Walkout Rental (2 bedrooms, 1 bath with garage) $1600/mo.   

Combine this $8788 annual income stream with a mortgage principal pay down equal to $16,000 and a modest assumption of 1.5% annual appreciation and this property owner can boast of an investment yielding a 19% annual return – a healthy number by any standard!

If you are interested in becoming a real estate investor or if you are already an investor looking to enhance the value of your existing assets, work with an experienced Calgary Realtor. Returns like this sometimes only around only once in a lifetime. Do not wait too long.

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.

Potential buyers may be visiting numerous properties on a Saturday afternoon. As a seller, your first priority is to get them in the door. If your house’s curb appeal is not eye catching, they may simply decide not to stop at all. Your home’s curb appeal will always set the tone for what potential buyers expect when they first walk inside.

Most people’s buying decisions are based on emotional responses and the curb appeal starts the love affair or will end it before they even walk in. This doesn’t mean you have to completely overhaul the outside of your home for it to sell. Just pick a few exterior home improvements that will have the most impact and go from there.

Here are a few tips to add some curb appeal for your home to achieve a higher market value.

1. Add planters

Adding planters can go a long way toward creating the perception of a well-kept home. Planters can add colour to a porch or patio and are quit eye-catching.

2. Spruce up your driveway

The driveway is one of the first things a buyer will see, so it’s a good idea to freshen it up. Adding a sealer can refresh a tired driveway and is an inexpensive makeover that can be accomplished in a short time by almost anyone.

3. Create a welcoming porch

An empty porch can look stark and cold. If you have a porch large enough to accommodate furniture, set up a nice table or a bistro set for dining and lounging. It’s also a good idea to add some colour with plants in containers.

4. Repaint

Giving the exterior of your home a fresh coat of paint can do wonders for curb appeal. Try painting your house in the colour of homes in a more expensive neighbourhood. It’s a great way to create the perception of quality while doing something you probably already should have done.

5. Spring for new accent pieces

Adding a new mailbox, house light or house number is a cheap and cheerful way of updating your home’s exterior. Shops like Walmart and Canadian Tire usually stock simple yet stylish, well-priced options for these items.

Other simple things you can do are putting a fresh coat of paint on the front door, mowing the lawn, trimming the bushes, cleaning the windows, sidings and gutters, and add a wreath to the door to enhance that welcoming feeling.

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 you’re ready to buy a home, there is definitely something very appealing about choosing a brand new home. With a new home you get to pick out the countertops, finishes and so much more – basically have it designed just the way you like it. New houses often come with more space and better appliances, require less immediate renovation work, and are more energy-efficient than older ones — and all at a competitive price.

New developments are continuing to pop up all over the city, so buying a new construction home in Calgary is fast becoming a great option for prospective home buyers. Before undergoing the process you should be aware of the how buying a new construction home is different from buying a resale home. First of all, you typically won’t have the opportunity to walk through the home before you sign on the dotted line.  Most brand new homes are purchased using specs and a floor plan, the house won’t be built for a few months or more.

In Calgary, new homes are covered by the Alberta’s New Home Warranty Act.  The warranty will protect new home owners if upon completion, your new home has any deficiencies with the workmanship or materials.  It also applies to both houses and condominiums, and typically the standard coverage lasts for up to five years after you take possession.  The foundation of the home needs a year or two to settle so structural issues may not be discovered early on. As the foundation of your new home settles, you will be able to tell if there are any issues that need to be addressed, and have them dealt with at no additional cost as it is covered under warranty.

With a new home comes the ability to purchase upgrades such as top of the line appliances or better finishes. This is a great opportunity for buyers to get what they want while working within their budget. Upgrades can become costly, so it’s a great idea to work with an experienced Realtor to negotiate your behalf.

It’s my role to help buyers make sure they are getting the best value for every dollar they spend. If buying pre-construction is something you’ve been thinking about make sure you and your realtor do your research on potential builders and developers. Basically, don’t buy a house — buy its builder. As an expert in the Calgary real estate market, I have the knowledge and the negotiating skills to help you find the home of your dreams.

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 undeniable impact of energy industry woes on Canada’s real estate market, overall property values in Calgary have not suffered any significant impact.  Even more importantly, consumer confidence remains high.

In the Calgary Real Estate Board’s (CREB) August 4, 2015 report entitled Calgary Regional Housing Market Statistics, Chief Economist Ann-Marie Lurie reports, “Despite weaker absorption rates, market conditions remain relatively balanced and helped maintain month-over-month stability in benchmark prices, which remained unchanged from the previous month at $455,400….And despite the recent retraction, we have not seen all those previous gains eroded.”

In a city as diverse as Calgary, market conditions will, of course, vary in different market sectors and neighbourhoods.  CREB President Corinne Lyall notes, “…it’s important to stay current and become educated with the market dynamics in the communities where they may be making real estate decisions.”  For instance, despite the overall steady numbers in residential sales, the apartment sector has experienced a slight but noticeable dip in value (1.61%) from the beginning of the year, due to decreased demand and expanding inventory.

Another important economic indicator to focus on is new home starts.  Applications to pull permits for single and multi-family dwellings plummeted in July and are down by 31% and 24%, respectively, since the start of the year.  While the pullback will help to maintain market balance by limiting the pool of available housing inventory, it also reflects the overall uncertainty with the economy and unemployment.

In CREB’s Mid-Year Update to its 2015 Economic Outlook and Regional Housing Forecast, the editors stress the fact that despite the cloud of economic uncertainty hanging over Calgary, consumer confidence in the prospects for real estate investment remain high.  “Positive long-term prospects and reduced concerns about the bottom falling out in the near term could minimize the pullback in demand, keeping market conditions in relatively balanced territory and preventing further aggregate price declines.”

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.

Canada’s low mortgage rates have been in the news for so long that they have essentially become the norm.  The 18 percent plus rates of the 1980’s are ancient history.  It seems that we have become so accustomed to cheap money, that we have forgotten that it might be temporary and just maybe, it may also become a thing of the past.  Although the Bank of Canada hasn’t given us any indication of a rate increase in the immediate future, it’s still important to use our (borrowed) money wisely and plan for the future.  After all, most of us are locked into 25-year mortgages, and we know just how much change can occur over two and half decades.

Be aware of how much a change in interest rates will affect your housing costs.  To put things in perspective, a $350,000 mortgage would cost the average buyer $1570 per money at a borrowing rate of 2.5%.  If rates went up just 1%, the same mortgage would cost $1750 per month.  That’s a $180 difference.  What’s even more significant is that same 1% increase would add an additional $54,600 to your cost of borrowing over the lifespan of your mortgage.

Take advantage without over extending yourself.  It’s hard to predict what will happen to interest rates over the next few years.  Even some of Canada’s most educated economists were surprised when the overnight rate went down instead of up.  That being said, it’s a wise idea to be prepared for a rate increase.  If your mortgage renews at a higher rate at the end of your current term, what will it mean for your household budget?  Do you expect your income to be the same, or are you planning on starting a family?  Talk to your mortgage professional about your long term plans so they can choose a financing option that meets your needs.

Take advantage of your pre-payment options.  The best way to protect yourself against a future rate increase is to decrease the size of your mortgage.  Some mortgages allow you to increase your payments each month, or make a lump sum payment up to a certain percentage of the balance.  In most cases, it makes more sense to tackle your higher interest debt first, but if your credit cards are clear, you will never regret knocking a few thousand dollars off your mortgage.  Remember, the quicker you pay it off, the more you will save in interest over the long haul, and that could amount to tens of thousands of dollars in savings.

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.