What exactly is a seller's market? It is simply when the number of available properties for sale is drastically lower than the number of buyers looking for a home. As you can imagine, this situation can lead to buyers fighting over one particular property and ultimately driving up the prices.

Like me, you may be wondering what is causing the seller's market this spring. Below are some of my musings and it mostly has to do with more buyer's in the market!

  • The spring in general always brings out more buyers
  • You may remember putting off your fence or deck project last summer due to the seemingly insane price of lumber at your local building centre. Builders were also feeling the squeeze and the number of new housing starts last spring reduced…

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FOR IMMEDIATE RELEASE

Sellers' market conditions continue in April 

City of Calgary, May 2, 2022 –  Following an all-time record high month of sales in March, activity slowed down in April. However, with 3,401 sales, it was still a gain of six per cent over last year and a record high for the month of April. 

“Despite some of the monthly pullback, it is important to note that sales remain exceptionally strong and are likely being limited due to supply choice in the market,” said CREB® Chief Economist Ann-Marie Lurie. “While further rate increases will likely start to dampen demand later this year, more pullbacks in…

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Rupinder Grewal- MaxWell Polaris

Harjinder (Jindu) Baraich- MaxWell Challenge Realty

Deepak Jagpal- MaxWell Challenge Realty

Jasmin Miskolsczi- MaxWell Progressive

Krishna Karnatapu- MaxWell Central

Dariusz Jablonski- MaxWell Capital Realty

Dave Rogers- MaxWell Capital Realty 

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JUST LISTED!

1908 Woodside BLVD NW Airdrie, AB, $540,000 MLS A1197431, Fully finished 2 Storey Home, Newly renovated kitchen, Over 2140 sq ft of living space, 3+1 bedrooms, 3.5 bathrooms, Oversized double attached garage - Fits a truck no problem! Call/text Yasin @ 403-681-0319 for more info or to book your showing!

 

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Coming Soon in Rocky View County!

265046 RR 22, Rocky View County 20 Acres, Fully developed 2 Storey Home, 5 Bedrooms, 2.5 Bathrooms, Oversized double attached garage and 6000 sq. ft. industrial shop, Call/message us for more details: 403-681-0319

 

 

 

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Get your Spring Cleaning Done in Half the Time Spring cleaning can seem like a great idea until you actually get started. Then it often turns out to be more work than expected! The good news is, there are proven techniques to make the job easier so you can get it done faster.

• Before you begin the project, make sure you have everything you need: hammer, boxes, tape, garbage bags, etc. Think of the supplies you’ll need on hand and the tools that will make tasks easier. You don’t want to have to waste time on frequent trips to the store. 

• Consider renting a small moving trolley (AKA hand truck.) That will make it much easier to move heavy objects, such as furniture, as you’re cleaning. Most local home improvement centres rent these. 

• Plan how…

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Using Your RRSPs to Purchase a Home

When looking at purchasing or building a home, the biggest worry for buyer's is where to find the money for a down payment. A 20% down payment of the purchase price of the home is typically required. If 20% is not feasible, a 5% option is available. At 5%, you are required to have mortgage insurance through CMHC in order to qualify.

Regardless of the down payment percentage, the Government of Canada allows home buyers to use their RRSPs to purchase a home. There is no penalty for making this withdrawal. This government program is called Home Buyer’s Plan (HBP).

Before you make a withdrawal, the following conditions must be met:

1) You must be a resident of Canada.
2) The maximum amount for withdrawal is…

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