Blog - January, 2021

Media release: Modest gains in Calgary housing market expected in 2021

Calgary, Jan. 26, 2021 – In 2020, housing markets across the country surprised many with a stronger-than-expected rebound in the second half of the year despite record-high unemployment rates and significant job losses.

Calgary did not hit record-high sales or prices in the third or fourth quarters, but still posted some of the strongest sales relative to the past five years. This was nearly enough to offset the initial losses recorded during the first shutdown caused by the pandemic.

“It is expected some of the momentum recorded at the end of 2020 will continue into 2021, fueled by exceptionally low lending rates and pent-up demand,” said Ann-Marie Lurie, CREB® Chief Economist.

“While sales are expected to rise by nearly five per cent on…

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Welcome To The MaxWell Family!

Andrijana Jakovleska - MaxWell Progressive
Victoria Hayfron-Benjamin - MaxWell Progressive
Liz Morgan - MaxWell Canyon Creek
Mike Brattland - MaxWell Devonshire Realty
Bob Dewar - MaxWell Edge Realty
Renee Dewar - MaxWell Edge Realty
Charmy Patel - MaxWell Performance
Mike Gill - MaxWell Elite Realty
Rebecca Dyck - MaxWell Devonshire Realty (Lethbridge)
Kuro Mendi - MaxWell Capital Realty
Ahmed Khaja - MaxWell Polaris
Heidi Lawrie - MaxWell Challenge Realty
Adam Pacholok - MaxWell Progressive
Aman Gill - MaxWell Polaris WELCOME BACK
Herman Thind - MaxWell Polaris
Wesley Sellick - MaxWell Progressive WELCOME BACK
Andrea Fries - MaxWell Polaris
Krishna Krishna - MaxWell Central
Marissa MacIntyre - MaxWell Devonshire Realty
Suzanne Dudey - MaxWell Devonshire Realty

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[Jan 21'] Your 2021 Real Estate Market Forecast!

Modest gains in Calgary housing market expected in 2021!  

Calgary, Jan. 26, 2021 – In 2020, housing markets across the country surprised many with a stronger-than-expected rebound in the second half of the year despite record-high unemployment rates and significant job losses.

Calgary did not hit record-high sales or prices in the third or fourth quarters, but still posted some of the strongest sales relative to the past five years. This was nearly enough to offset the initial losses recorded during the first shutdown caused by the pandemic.

“It is expected some of the momentum recorded at the end of 2020 will continue into 2021, fueled by exceptionally low lending rates and pent-up demand,” said Ann-Marie Lurie, CREB® Chief…

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5 Ways to Add Fun to the Selling Process

When you think about selling your property, do you dwell on the possible work
and stress involved? You're not alone. Many homeowners share the same
concerns.
But it doesn't have to be that way.
In fact, there are plenty of ways to add some fun, anticipation, and even a
sense of adventure to the selling process. Here are just a few ideas:
1. Plan fun things to do when your home is being shown. That can include
walks, sports activities, or trying something you and your family have
never done before.
2. Declutter for your own benefit. Instead of thinking about decluttering as a
chore required for the sale, focus instead on how much more
comfortable your home will be after decluttering. Studies consistently
show that less clutter reduces stress and increases a sense…

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Home Not Selling? Here Are 6 Reasons Why

Has your Edmonton home been on the market for weeks or even months with little to no buyer interest? Worse yet, have you invested time and money into the sale of your home with nothing to show for it but an expired listing?

We’re here to help.

Here are the top six reasons why your home may not be selling.

1. You’re Asking Too Much

We understand you love your home. You’ve no doubt put an immeasurable amount of time, love, money and maintenance into the property, which has, in turn, delivered countless great memories.

For these reasons, it's not uncommon to see a disconnect between what a home seller thinks their home is worth and what it’s actually worth according to Edmonton market conditions. Simply put, market conditions reflect what…

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SOLD!

Congratulations to our sellers on the sale of their apartment. What a beautiful view in this one!

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Selling when You’re Going to be Out-of-Town

If you’re going to be out-of-town but need to sell your home, you might be
concerned about listing your property while you’re away. After all, you won’t
be around to show your property, schedule viewings, consider offers, etc.

While it’s ideal that you be close to home when you’re selling, there’s no
reason why you can’t list your property, even if you’re going to be out-of-town.
When it comes to communications and document sharing, technology is a
wonderful thing! While you’re away, you can utilize phone, email, file sharing
apps (such as Dropbox), e-signing apps (such as DocuSign) and, online
meeting apps (such as Zoom).

For viewing appointments, a secure lockbox (with your key inside) can be
installed so buyers can be shown your property.

Even…

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2021 poised to see continuation of moderate growth in Calgary real estate market

A refreshing article for Calgary's real estate market! 

https://calgaryherald.com/life/homes/new-homes/2021-poised-to-see-continuation-of-moderate-growth-in-calgary-real-estate-market

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Amidst economic challenges, housing market ends 2020 on a high note

City of Calgary, January 4, 2021 –

With December sales of 1,199, this is the highest December total since 2007.

"Housing demand over the second half of 2020 was far stronger than anticipated and nearly offset the initial impact caused by the shutdowns in spring. Even with the further restrictions imposed in December, it did not have the same negative impact on housing activity like we saw in the earlier part of the year," said CREB® chief economist Ann-Marie Lurie.

Attractive interest rates along with prices that remain lower than several years ago have likely supported some of the recovery in the second half of the year. However, it is important to note that annual sales activity declined by one percent compared to last year and remain well…

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Buying a Home: 14 Hidden Costs to Prepare For

When it comes to buying your first or next Edmonton home, don’t let these additional expenses catch you off guard. Here are 14 hidden costs to prepare for on your new home purchase:

1. Mortgage Penalties

Unless you plan on porting your mortgage or blending and extending, you’ll likely need to break your mortgage contract. As a result, you may need to pay a prepayment penalty, which will vary according to your contract terms. Be sure to consult your current lender in advance.

Free Mortgage Penalty Calculator

2. Mortgage Loan Insurance

Any down payment on a home in Canada less than 20% will require mandatory mortgage loan insurance. While you will need a minimum down payment of at least 5%, keep in mind, the more you put down, the more…

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