House-Hunting - Best Deals around Christmas - 5 Reasons Why

House-Hunting - Best Deals around Christmas - 5 Reasons Why

Wrap up a House for Christmas

Mark Di Vincenzo is the author of the bestselling book, Buy Ketchup in May and Fly at Noon. He is an expert on timing. One topic he has researched well is 'when to buy a house'. He points out that homes sell at Christmas time for many good reasons. "Someone's house can really be an emotional attachment, so the seller is thinking, "They must really love this house if they’re willing to make an offer on Christmas Day of all days."

Be Nice not Naughty

The holidays themselves can be a good opportunity for buyers. Di Vincenzo explains how sellers experience deep emotions , "[And] another factor that comes into play is …people are in good and generous moods on Christmas Day so they may very well be willing to accept less money than they normally would on any other day."

Sellers Motivated

Many Real Estate Agents know that winter, in general is advantageous for buyers. According to Di Vincenzo, "If someone’s listing a house in the winter, it's a fairly safe bet that they're eager sellers and that they're more open to negotiation. Otherwise they would wait for the spring." He writes that spring is the sweet spot for sellers but January is best for buyers.

Winter Time - Less Buyers

The fact of the matter, as Di Vencenzo puts it is, "So if you're a buyer, it really pays to be willing to trudge through bad weather…because you're going to have eager sellers and you're going to have less competition."

Willing to Drop the Price

Di Vincenzo points out that Sellers can also be more motivated to accept an offer in January as the credit card bills from the holidays start to roll in. Also, Sellers can find themselves very sick and tired of showings during the holidays and that can be a big motivator when negotiating.

Maybe it's time to let your realtor get you a very good deal.

Have a very Merry Christmas.

Christopher Ashby
REAL ESTATE PROFESSIONALS
100, 5810 2 STREET S.W.
CALGARY, AB T2H 0H2
Mobile: 403-680-4479
Office: 403-253-5305
Fax: 403-775-5156
E-mail: chris@yourhomeinalberta.com

Website: http://www.YourHomeInAlberta.com

Eight Key Players in Alberta's Oil Industry

When Nothing is Certain Anything is Possible

Since the USA election results for Donald Trump, decisions to be made are major and the resolve of these key players is vital to the Canadian Economy and the Environment.

OPEC

In an effort to prop up prices since 2014 OPEC has confirmed it has secured a cut in its oil production from 33.8 million barrels a day to 32.5 million. The OPEC deal triggered frenzied trading with U.S. light crude oil up $1.30 a barrel at $50.74. Today, West Texas Intermediate, WTI was also up over 8 percent and trading at approximately $48.97 a barrel.

USA Ambassador - Gary Doer

In addition to many events held behind closed doors lately, regarding the new U.S. administration and will mean for Alberta and Canada, Gary Doer, the former Canadian ambassador to the U.S. said to the Calgary Chamber of Commerce that no one should discount the strength of underlying, long-established relationships between the countries already in place, which arguably supersede a change in leadership in Washington.

Natural Resources Minister - Jim Carr

The minister has recently said that the goal for Canada is to expand its export markets meaning that it is imperative that Canada's oil production capture the world price. The only way to do that is to gain access to markets off the country's west and east coasts. "(Keystone XL) doesn’t get oil to export markets in Asia."

Prime Minister - Justin Trudeau

The Prime Minister gave approval to the expansion of the Trans Mountain pipeline to Burnaby, as well as the replacement and expansion of Enbridge's Line 3 into the United States. He also announced that Ottawa was rejecting Enbridge's proposed Northern Gateway line to Kitimat.

Although the decision is still "bitterly disputed" as expected by a number of people across the country he believes the project is in Canada's best interests. "If I thought this project was unsafe for the B.C. coast, I would reject it." he said.

Alberta Premier - Rachel Notley

Last week Rachel Notley, during her visit to British Columbia said she will undertake to sell the merits of the new oil pipeline and Alberta's environmental credibility. Keeping the environment on the main burner, Notley said, "There is a need to move forward on environmental progress, while at the same time being respectful of the needs of all Canadians to maintain prosperity and economic security."

B.C. Premier - Christy Clark

The provinces Liberal government has laid out five conditions for its approval of any new heavy oil pipeline. These include regulatory approval, world-leading oil spill response capabilities both on land and at sea, indigenous participation and B.C. receiving its "fair share" of the jobs and real economic benefits from the project. She cited Trudeau's recently announced ocean protection plan as a key example.

Calgary Mayor - Naheed Nenshi

Calgary's Mayor said last week speaking in Vancouver to the Canadian Club that, the national imperative of expanding the Kinder Morgan pipeline from Alberta to the West Coast should not be hijacked by parochial opposition from Metro Vancouver residents.

Nenshi worries decisions about the future of Canada’s energy sector will be influenced by regional political concerns. He stated, "I don’t think anybody has the veto or anybody has the trump. I would argue that in this case, science should have the trump."

Protesters – Too Many to Count

As Trudeau announced the pipeline decisions he also declared the government's intention to phase out coal-powered electricity in Canada by 2030, all while expanding clean power sources.

B.C. groups say the war over Kinder Morgan pipeline is On! Despite the government’s approval of the line, opponents say they will continue to fight. Already hundreds of protesters turned up for the rally.

Greenpeace Canada in a statement and a rallying cry called out, "Whether through the courts, in the streets, or on the land, this pipeline will never make it in the ground."

Chief Terry Teegee with the Carrier Sekani Tribal Council says, "It still puts the Fraser River at risk…so I think that’s the next battle for the many First Nations that live along the Fraser River."

Green Party Leader Elizabeth May says she is personally prepared to go to jail to stop Kinder Morgan. "And I think I’m not the only one," she said. "I think I’ll be sharing a cell with…First Nations leaders."

Seniors Retire on Cruise Ships - Really?

Should Seniors Retire on Cruise Ships?

Seniors Now Planning for Retirement on Cruise Ships - True or False?

The rumour started when a couple while on a cruise ship reportedly met a lady who, instead of booking in to an Assisted-Living Condo or Seniors Nursing Home, took cruises back to back. The story is true according to Snopes.com. Mrs. Muller was happy with her life aboard a ship but will you be? (Muller passed away in 2013) Here are seven pros and cons to consider before you bid Bon Voyage.

Not Much Difference in Cost

+ Dr. Lee Lindquist, an instructor at Northwestern's Feinberg School of Medicine, has compared the cost of 'Cruise-Ship' vs. 'Old-Age Home' living based over a 20-year life expectancy. She determined that there wasn't much of a difference, about $230,000 either way.

- The prices you see on cruise ship websites are only a portion of what you actually pay. Gratuities can be as high as $10 per day or more. Prices of cruise lines are quoted as per-person for double occupancy. Being single can incur a surcharge.

Fabulous Food

+ Dress for dinner? Why not? Have as many as 10 meals a day (fantastic food, not institutional food) in a variety of dining rooms. Why not order room service? Imagine breakfast in bed every day.

- On most cruise ships, you pay extra for alcoholic beverages and sodas. Eating rich food all the time may make you fat.

 Clean Sheets Every Day

+ Housekeeping is free and there are clean towels daily, even soap, shampoo and toothpaste. You may get full-time maid service and/or free washers and dryers. If the TV breaks or light bulb needs changing call for help and there's no charge.

- Most cruise ships charge for laundry service. Closets and bathrooms are compact. Bedrooms are very small and this limits, considerably, any personal possessions you may need in order to feel at home.

You will meet new people every week or two!

+ If you are a social butterfly this may appeal to you.

- However these new friends will only be on the ship for a short time, making it difficult to form long-lasting relationships. The ship's staff will get to know you but they are paid to be nice to you.

Broadway Shows, Comedians and Piano bars

+ Cruise ships offer a range of amenities. They have swimming pools, workout rooms, spas, beauty salons, nightly entertainment and cultural activities including dancing and bridge. They offer guided tours when they dock at an exotic port of call. A few cruise lines offer world cruises that take three to six months meaning that you can travel the world.

- Guided tours at ports are usually an added cost. They may lose their appeal after a time. This goes for the entertainment. You will probably get tired of that too.

A Doctor Aboard

+ Cruise ships have physicians on board, always, "[so] that they could actually be considered a floating assisted-living facility," says Lindquist.

- Doctors may not be 'senior' qualified and may not provide the level of care required. The Medical Center may be well-equipped but designed to deal with minor illnesses or injuries. Your travel insurance may not cover cruise ship medical care. You will likely need to purchase extra travel insurance. Updating refills of medications and availability for pick-up at the next port may be tricky or impossible.

Cruise the Internet

+ Most Cruise Ships have free computer centers. Keep up to date with family and friends.

- Although Internet service, a lifeline for most seniors, keeps them in touch with their land-based families and friends, Videos Chats like Skype can be very expensive. Cell phone roaming charges may mount up quickly.

Call Chris @ 403-680-4479

Oil Prices with Trump a Win!

Oil Prices Low but Trump Could be the Boost Alberta Needs

Most markets are back to normal after the shock of a Donald Trump win in the US election this week. Although losses and have bounced back, oil still faces pressure due to OPEC's cut in production (see OPEC in the News Again 10/06/16) But Trump is here!

Two Priorities for Trump – Do They Help Canada?

Yes! Alberta oil sands will benefit from trump being president. His goals are to prioritise tax cuts and cut deregulation. It was repeatedly mentioned during Trump's election campaign. He made no apologies for being fossil-fuel friendly and his top adviser on energy, Harold Hamm, expects him to roll back the Obama administration's heavy regulations on the oil and gas industry.

Clean Power Plan Scrapped – Oil Economy Bound to Rebound

Hamm recently told the Financial Times that he believes Mr. Trump will follow the two guiding principles of tax cuts and deregulation as ways to stimulate economic growth. He has also made assurances to reduce dependence on Middle East oil and he has said that he is in favour of the Keystone XL pipeline from Alberta to refineries in the U.S. gulf. That will help the Alberta economy immensely.

Oil Market is Still a Place to Invest

Tom Pickering, founder and chief investment officer of trading the firm Auspice Capital has said that a Donald Trump presidency could mean the return of a risk premium for oil prices.

A risk premium is the return in excess of the risk-free rate of return an investment is expected to yield; an asset's risk premium is a form of compensation for investors who tolerate the extra risk.

Is it all Talk - What Should Canada Do?

What are Trump's real plans? What we know for now, just days after the election is that things are looking up for the oil sands business. According to the Financial Post, TransCanada Corp is still fully committed to Keystone XL. It plans to engage with President Elect Donald Trump and his new administration in the near future.

Christopher Ashby
REAL ESTATE PROFESSIONALS
100, 5810 2 STREET S.W.
CALGARY, AB T2H 0H2
Mobile: 403-680-4479
Office: 403-253-5305
Fax: 403-775-5156
E-mail: chris@yourhomeinalberta.com
Website: http://www.YourHomeInAlberta.com

 

Can't Sell Your Home - Rent it out for a Year?

Damage to 

Home

Can't Sell Your Home - Rent it out for a Year?

It's a Buyer's Market.

October saw the largest decline in housing prices so far this year, according to the latest data from the Calgary Real Estate Board (CREB). The average sale price for the month came in at $457,513 — down 6.1 per cent from October 2014.

Three Things to Consider as the Seller

Market economists predict that the economy in Alberta will once again bounce back but it might be as long a year. Prospective sellers are now considering three things. Lower the price. Rent out the property year by year until the economy picks up. Take it off the market and wait for awhile.

Rental vs. Dropping the Price

With total number of home sales significantly lower in October, down 33.3 % compared to 2014 some sellers want to pull out until the market improves. Can you afford to carry it or should you rent?

The Pros and Cons of Pull Out or Tough it Out?

No one likes to bite the bullet and sell at a lower price. If you can afford to carry two properties it might be a wise choice. Reality makes it a necessary option. Phil Soper, president and chief executive of Royal LePage has commented, [that] "as the year plays out we’ll see continued softness in Calgary prices. The real question is how soft?"

Meet Your New Tenants – Maybe?

You may decide that a year of rental income is the better proposition but rental property managers know that the best situation for a rental is long-term. If you intend to rent on a year-by-year lease basis there are pros and cons to consider.

Best Practises for Renting out your House

Don't expect your home to be in the same condition after a year of rental i.e. tenants may not take care of your home as you would. Research your tenants and ask for a substantial deposit to cover damages. The rent may not be enough to cover your loss. If you have little or no experience with tenants, perhaps hire a property manager with years of knowledge in the business. Call Chris for more information. Mobile: 403-680-4479

Christopher Ashby
REAL ESTATE PROFESSIONALS
100, 5810 2 STREET S.W.
CALGARY, AB T2H 0H2
Office: 403-253-5305
Fax: 403-775-5156
E-mail: chris@yourhomeinalberta.com

http://www.YourHomeInAlberta.com

http://www.liveinokotoks.com

OPEC in the News Again

OPEC in the News Again – A Deal to Make a Deal

Algeria hosted a meeting last week of the OPEC producers. To the surprise of many they managed to reach a deal, that some are calling – A Deal-to-Make-a-Deal. The cartel agreed to cut production in the future by some 700,000 barrels per day to a production band of between 32.5 million bpd and 33 million bpd.

Oilpatch Desperately Needs a Boost Up

With a collective breath of relief the energy sector sighed as it needs a price improvement. Calgary's unemployment rate is near nine per cent. CEO Brian Schmidt, of Tamarack Valley Energy, a junior oil player, anticipates this time of year to be a time of reckoning for many in the industry. Companies who have been lucky or smart enough to have pre-sold or hedged their production will see those hedges run their term. 

But - More Cuts Could Come

According to local Ennahar TV News, Algerian Energy Minister, Nouredine Bouterfa, says, "OPEC members may find that the oil market needs more cuts. We will evaluate the market in Vienna by the end of November and if 700,000 barrels are not enough, we will go up."

OPEC’s Track Record Leaves Many Guessing

As reported by Reuters, now, OPEC is unified and speaks in one voice and this makes everything much easier. "If we need to cut by 1 percent, we will cut by 1 percent." Bouterfa told Ennahar TV. However, OPEC has a reputation for not sticking firmly to its decisions. Therefore, the market is still guessing whether a specific deal will be hammered out in November.

Service Sector Decimated

Mark Salkeld, the president of the Petroleum Services Association of Canada, explains that before the crash two years ago, the association had 235 members representing 60,000 employees and it now has 165 companies with 30,000 workers. Since the sector drills and services wells, it is always the hardest hit in a downturn.

Salkeld said his industry's best hope is in new pipelines. He stated, "Our hope is to get pipelines built, because for the services sector, that's jobs well beyond the pipelines being built, it's the job needed to keep those full with oil and gas."

Christopher Ashby
REAL ESTATE PROFESSIONALS
100, 5810 2 STREET S.W.
CALGARY, AB T2H 0H2
Mobile: 403-680-4479
Office: 403-253-5305
Fax: 403-775-5156
E-mail: chris@yourhomeinalberta.com

Luxury Real Estate

Are Foreigners Buying Calgary?

Yes – the Luxury Real Estate

Mark Evernden a Premium real estate agent at Engel & Volkers and Associates which represents some of the province’s most expensive residential properties says, [that] "around seventy per cent of inquiries through our website and by phone are currently out of country buyers."

While much of the interest is multi-international he says, "The biggest chunk…is from Chinese buyers." His portfolio includes several homes located on Calgary’s prestigious Pump Hill, sometimes referred to as Millionaire’s Row.

Alberta - A Good Place to Raise a Family

The largest Chinese international property website, Juwai.com, also reports inquiries specifically on Alberta properties are up 70 per cent on last year, placing the province fourth after Ontario, British Columbia and Quebec.

Juwai.com's chief executive Charles Pittar (Hong Kong) says, "Chinese interest in Alberta is growing at a rapid pace." He continues, "Not every buyer from China wants a home in Vancouver or Toronto…In fact, many like the more laid-back environment in Alberta and consider it a good place to raise a family and sink roots."

Welcome with Open Arms? Not so Fast

Some say that Alberta is welcoming off-shore buyers with open arms but if it means a surge in real estate prices they complain that it makes it difficult for buyers like newly-weds to purchase their first-time home. Unlike the tidal wave of soaring real estate prices in Vancouver and Toronto, the ripple may be short-lived.

New Rules Announced this Morning

As part of a new measure to tackle speculation in Canada's housing market by foreign investors, Finance Minister Bill Morneau has just announced that foreign buyers who are not residents at the time of purchase will no longer be able to claim a principal residence exemption on their homes.

This new measure will now make the exemptions available only to home buyers who are residents at the time of purchase.

For more information and/or to book an appointment regarding your home give,

Chris a call 403-680-4479

E-mail: chris@yourhomeinalberta.com Website: http://www.YourHomeInAlberta.com

Hey Calgary - Good News for the Economy

Alberta’s wildfires raged in May and oil exports dipped forcing a downturn in the overall country’s economic output. The good news is that the figures for June show growth. Real estate can start growing again.

Economy Weakened but on the Rebound

Statistics Canada reported that during the second quarter the real (i.e. inflation-adjusted) GDP fell at a rate of 1.6 per cent in the three months ending in June 30. That reflects the deep impact of the wildfires that shut down large portions of the Alberta’s oil sands production throughout May. Statistics Canada also stated that by the end of the quarter, June’s real GDP grew 0.6 per cent. That's the biggest monthly growth in nearly three years!

BMO's Research Proved Ugly, Bad and then Good

Referring to the second-quarter report, Bank of Montreal's Chief Economist wrote, "We knew for the past four months that GDP report was going to be ugly, and it delivered with a capital U." Douglas Porter stated, "The good news is that we have also known that there would be a considerable rebound in the third quarter, and June’s solid result reinforces that view."

A Boost in Consumer Spending Expected – the Biggest Driver of GDP

Most economic analysts agree that the third quarter will see a return to growth as June has proven. As well there will be the continuing rebound in oil production, the rebuilding of Fort McMurray, a strong manufacturing sector and the new federal benefit program. Many economy watchers, including the Bank of Canada, expect that starting in July the first payments of the new Canada Child Benefit will boost consumer spending.

What Does This Mean for Real Estate Prices? Houses? Condos? Apartments?

Recently stats on the number of sales for the same period last year dipped 21.6 percent according to Calgary Real Estate Board. Also prices fell while the number of days on the market grew to 57 from 47 last year on average according to CREB. What does it mean? What's next? For more information give Chris a call 403-6804479.

E-mail: chris@yourhomeinalberta.com

Website: http://www.YourHomeInAlberta.com

Survey Says - Alberta Women Have More Sex

Survey Says - Alberta Women Have More Sex

The Rest of Canada Can Learn from Albertans

According to a survey, not only are women in Alberta more satisfied with their relationships but at least 66 percent of them say they have sex about once a week. The rest of Canada compares at 50 percent. Last year's survey results recently tabulated by Chatelaine Magazine show how women aged 35 were less concerned about money due to the last few years of a robust economy and therefore a subsequently reduced stress level.   

Prairie Provinces More Laid-back

Dr. Trina Read is a Calgary-based author, columnist and sex coach. She says that, “Those people who live in western provinces tend to be a lot more laid-back than people from the east. Without the heavy social pressures and responsibility, she surmises that there is more sex. “Responsibility and good sex just don’t mix.”

Matt Johnson, an assistant professor of family ecology at the University of Alberta says that, “Incomes in Alberta tend to be a bit higher than other provinces and having higher socioeconomic status is linked with having less stress. When couples experience less stress…then their relationships have a better chance of flourishing.” This could mean they have more time to devote to their relationship, and that quality time can spill into the bedroom.

Friendship Promotes Sexual Intimacy

A Calgary-based psychologist, Carolyn Clare, specializing in gender, relationships and sexuality says, “Seventy-one percent of Albertans said that companionship kept them in their relationships, and that was higher than the rest of Canada.” The research supports the idea that deep friendship is the foundation of intimacy and satisfying sex.

Sex is a Version of Adventure

Cheryl McMeeken is a Calgary-based sex and relationship therapist. She says that from her experience in Alberta, “There’s a big focus on making your life the best it can be or maximizing your pleasure.” Overall, the survey claimed that Albertan women yearned for more travel and adventure and sex is a version of adventure.

Ready for adventure? Do you want to live in Alberta too? Are you looking to buy a condo or a home? Give Chris a call #403-680-4479

 

 

Real Estate Agent - A Fraud- 'Poser' Goes to Jail

Derek Johnson Sentenced to Jail

Real Estate Agent 'Poser' Goes to Jail

A former Calgary man who has been dealing in real estate and mortgages without a license is going to jail. Even though he failed to appear in court, Derek Johnson has been sentenced to two months in jail and has been fined more than $100,000 in administrative penalties.

Derek Johnson Found in Contempt of Court – But Beware of Others!

This week some are learning about the man described as a scam artist preying on vulnerable people. His business partner Kevin Kumar and others involved including Johnson's wife, Allyson continue to broker real estate deals despite an explicit order to stop. Beware of websites such as those advertising real estate on kijiji.ca and ads similar in nature.

Court Orders Have Been Given

"Contemptuous conduct," and "deliberate disobedience of court orders," is what Justice Sheilah Martin expressed in light of Johnson and Kumar's attitude and on-going charges. Jail time is the only penalty that will demonstrate the authority of the court, she explained and went on to state, "I consider it to be my duty to punish them by a period of incarceration."

But…Real Estate and Mortgage Fraud Continues

The court action was initiated by The Real Estate Council of Alberta and although pleased with the court's decision regarding the serious nature of Johnson's actions RECA has appeared in Court before. They have not yet stopped the circle of deceit described as, "a complex ring of internet-based real estate and mortgage fraud spanning from B.C. to Manitoba."

Question: Who do You Trust? Answer: An Authorized Real Estate Agent.

In order to become a REALTOR® in Alberta you must first obtain your real estate license and associated authorization to trade in real estate in the province. This is in accordance to the REALTOR® official website. REALTORS® have met the same education requirements as set out by the regulator and adhere to the REALTOR® code of ethics.

Learn more: Real Estate Council of Alberta (RECA) & Alberta Real Estate Association (AREA)

Chris Ashby is your legitimate REALTOR®
At: REAL ESTATE PROFESSIONALS http://www.liveinokotoks.com/

Mobile: 403-680-4479 Office: 403-253-5305
Follow all his Blogs: http://www.yourhomeinalberta.blogspot.ca/
E-mail: chris@yourhomeinalberta.com

Photo courtesy Pho Hoai

Hey Calgary! Okotoks has Great Food! Try Five Best

Do You Love Pho? There are Over 10 Restaurants to Try.
Do you love authentic Vietnamese food? You must try the Pho Hoai Vietnamese Beef House at 153 Riverside Dr. It has a 'Google' 5-Star rating. People say that it's the, "Best soup in town." Also in Okotoks is the Saigon Sun Authentic Vietnamese Cuisine at 200 Southridge Dr. People say that they, "Love the food…service is always great!!"

Do You Love Sushi?
Try Yoko Zuna Sushi Bar and Grill at 200 Southridge Dr #249. Some people have eaten there over 20 times and say, "Always fresh - Service great." At 235 Milligan Dr #407 you will find the Ikoi Sushi & Grill where people say that it is, "Oh so good! Fresh, friendly and fantastic!"

Do You Crave Barbecue?
Rylie's Cattle Barn BBQ House at 200 Southridge Dr #263 is old-fashioned barbecue where people say, "Rylies has some of the best beef ribs I have ever had," and "The blueberry bourbon sauce was soooo good." The restaurant is also kid-friendly.

Do You Love Indian Cuisine?
ChaCha John 's is a new restaurant in Okotoks at 100 Stockton Ave. - Unit 155. According to Trip Advisor some people say, "Best samosas I've ever eaten and the curry was extremely flavourful and was the perfect level of spice."

Do You Scream for Ice Cream?

"Step Back to a Happier Time!" That's the motto for Marv's Classic Soda Shop. It's a 50s Diner with an authentic soda fountain. You can get, ice cream cones made with their new Marvello Carbonated Ice Cream. Also try the shakes and delicious, frosty malts. The kids and the kid in you will love a cruise through the nostalgic Candy Store.

If you like to eat in Okotoks, you may want to live in Okotoks.
Give Christopher Ashby a call.
REAL ESTATE PROFESSIONALS
Mobile: 403-680-4479
Office: 403-253-5305
Follow all my Blogs: http://www.yourhomeinalberta.blogspot.ca/
E-mail: chris@yourhomeinalberta.com
Website: http://www.liveinokotoks.com/

Wild Fires Change Calgary House Prices

Wild Fires Change Calgary House Prices

As the smoke lifts we learn that much of Fort McMurray remains standing. Although the impact of the raging fires could have been worse things are still shaky in the oil industry. Oil production has been affected by a temporary hit of one million barrels a day. At least 12 operations have been closed. People need jobs and they may look to Calgary.

Tragedy of Fort McMurray Will Affect Calgary Housing Market

Things aren't as bad as they could've been but over 88,000 people have been displaced. For the people of Fort McMurray, there will be long-term disruption of business operations, lost wages and lost incomes. Where will the evacuees go? This type of environmental misfortune, like the Calgary floods of 2013 is hard to take but like their fellow Albertans, the people of Fort McMurray will no doubt show resilience and recover. However, if they don't get their jobs back soon many will think about moving south. After months of lagging house prices in Calgary we could see them jump.

Economic Landscape Different Now

The wildfire is merely the latest wound to be inflicted on the oil sands economy. Since the drop in oil prices there has also been a shift in thinking about the future of oil in general. As residents of Fort McMurray keep hope that soon, things will return to normal, other influences may make that impossible. Some will still continue to work there but undoubtedly many of them will want homes in Calgary and this could drive up prices.

New Influences in Industry

Concerns are mounting. Continued depressed global outlook for oil prices and obstacles facing the industry, like the debate over more pipeline construction, may mean less work. The people of Fort McMurray may not be able to or may not even want to go back to the old jobs. As doubts remain high, families may choose a more stable job market and Calgary is not far away.

Do you think it is time to buy in Calgary? Should you wait to sell?

Give Chris a call to get more details on the housing market. Tel # 403-680-4479
E-mail: chris@yourhomeinalberta.com

 

Fort McMurray – Help is on the Way!

(photo courtesy of Cole Burston/AFP/Getty Images)

Fort McMurray – Help is on the Way!

We are deeply saddened by the loss and devastation forest fires have caused to the people of Fort McMurray. Our thoughts and prayers go out to them.

Many Organizations Helping

From Airbnb helping to coordinate free emergency homes for Fort McMurray evacuees, to Red Cross humanitarian efforts to Radio-thons many are trying to help the victims of this tragedy. Other organizations are offering housing to those who were forced to leave their homes, many of whom escaped the raging fires with just the clothes on their backs. Reports claim that Prime Minister Justin Trudeau is saying that 7,000 cots have been provided for Fort McMurray evacuees in emergency shelters, with 13,000 more coming soon.

How Can You Help?

Here are some ideas: When you text the word FIRES to 45678 you can donate $10 dollars or if you text the word REDCROSS to 30333 a $5 donation will be added to your wireless bill and if you text the word REDCROSS to 45678 a $10 donation will be added to your wireless bill.

Governments Matching Donations

To make your donation go twice as far, Prime Minister Justin Trudeau has announced that the federal government will be joining with Alberta to match individual donations made for Fort McMurray disaster relief. According to news reports by CBC the Canadian Red Cross has received more than $30 million in donations.

About Canadian Red Cross Donations

For more information about how to help and for a larger donation and general inquiries, visit their list of Frequently Asked Questions, contact WeCare@redcross.ca or call 1-800-418-1111. If you have been affected by the wildfires go directly to their website to register: http://www.redcross.ca/how-we-help/emergencies-and-disasters-in-canada/how-we-help-canadians/red-cross-services/northern-alberta-wildfires-registration

 

 

Calgary Chinese Fight Back Development



Chinatown Vancouver - Courtesy Westbank Corp

Calgary Chinese Fight Back Development

The Chinese community came out to protest. Many in the area are against plans for a 27-storey development in Calgary's Chinatown. The area has one of the largest vacant lots existing. Terry Wong, spokesman for Chinatown’s recently founded Business Revitalization Zone stated publicly that, "Policy documents like this should be reviewed every five years."  He added, “…so it’s 25 years overdue."

Local Architect Caused the Uproar!

The developer has asked for the removal of Chinatown’s 15-storey height restriction including rezoning for two-thirds commercial usage when the limit is currently 50 per cent. Mr. Chugh, the architect, says the intention is, "to contribute to the revitalization of Chinatown by developing a significant parcel of land which has been empty for more than 20 years." Mr. Chugh says he’s been "a bit surprised" by the scale of the reaction.

Development Challenges 3 Zoning Regulations

According to Wong, "They’ve requested a land-use change to allow them a broader variety of commercial use than the land is currently zoned for." With the recent public protest the application’s progress at City Hall has been stalled - now deferred until December, 2016.

Needs to Feel Like China Town

Concerned business owners and residents explain that the development poses too great a risk. According to Wong, "They [the developers] haven’t provided the answers we’re looking for. We’re not concerned with the process; we’re concerned with the intention." Ensuring the neighbourhood, "feels like Chinatown," remains one of Mr. Wong’s top priorities for Calgary.

Fears from Young and Old Alike

Older members of the community are concerned about the new development destroying their heritage. Young Chinese Calgarians are also showing their support. They have formed a group called I Love YYC Chinatown to raise awareness. Sylvia Leong, one of the founding members believes the development challenge is one being faced by all North American Chinatowns.  "There’s a need to evolve but also a need to maintain links to the past." https://www.facebook.com/SaveCalgaryChinatown/photos/a.

This prompted a comment from one of the news followers, "Why do the Chinese people have a problem with integration?"

Do you feel the same? Do you think preserving heritage is important? Are you interested in buying or selling property in Chinatown? Give Chris a call #403-680-4479

Flames Arena Project Costs Big – Billions Likely

If you own near Ninth Ave. and 16^th St. West, your property value may go up soon. A Calgary city report says a proposal to bring a new NHL and CFL stadium to the city would likely cost much more than originally anticipated.

What Do Taxpayers Get?

The CalgaryNEXT project would span several blocks near the Bow River. It would include a 20,000-seat arena for hockey including an event centre for concerts, a 400-metre indoor track and a regulation CFL field, with seats for 30,000 football fans.

The Mayor is 'Cool'

The report released recently states that a CalgaryNEXT arena-and-stadium project could reach a price tag of $1.8 billion — with $1.3 on taxpayers' shoulders. Is that fair? Everyone is weighing in on the decision. Calgary's Mayor Nenshi is cool about it saying, "It's just an idea."

In a statement, he said that they need to wait for the full report. It will provide council with a better grasp on how to remediate creosote contamination in the West Village area before proceeding with redevelopment. "Public money must be used for public benefit."

The Other Argument

Many people are in favour of the new sports complex arguing that both McMahon Stadium (built 1960's) and the Saddledome (built 1980's) are long past their best-before dates. Many entertainment acts are giving Calgary a pass since they can't fit their tech equipment under the Saddledome's slumping roof.

Calgary Flames President is 'Warm'

Brian Burke, Calgary Flames president of hockey operations likes the project saying, "There's absolutely no reason we should watch a new building going up in Edmonton and we've got to play in a 1988 building here."

What do you think? Is this public money being spent for public benefit? Should the billion-dollar decision be put to the people? Do you want to live near the new stadium? Give Chris a call #403-680-4479

E-mail: chris@yourhomeinalberta.com
Website: http://www.YourHomeInAlberta.com Website: http://www.liveinokotoks.com/

 

Need Cash? Basement Apartment in 5 Easy Steps

Need Cash? Basement Apartment in 5 Easy Steps

Wish that Your Unfinished Basement was ready for Apartment Rental?

View these steps in Slide Share from:

http://www.slideshare.net/Liveinokotoks/calgary-basement-apartments-in-5-easy-steps

 

1.  Research and plan and understand what you want to achieve. Don't forget safety and comfort. Add storage wherever you can. The laundry room can be a bathroom since the plumbing is already there. Stackable washer/dryer combinations are meant for small spaces. A second entrance? Expensive but worth it. Have your tenant come and go independently.

 2.   Do it Right. Make sure the by-laws in your area allow for a rental space.

Also a building permit is required for a basement suite. Plan on required inspections throughout the process.  City of Calgary's building inspectors are there to help if you have questions. Don't expect same-day approval and depending on the complexity of the renovations it could take weeks. Changes you make to your home must follow code. This is especially important for the re-sale value of your home.

3.      Hire professionals.

You may do some easy tasks like framing a wall or even dry-walling but leave the plumbing and electrical work to the experts. Don't forget to get quotes in writing and a signed contract. Ask about clean up. Who pays for taking debris to the landfill?

4.      Expect problems and delays.

Not every home is perfect and each professional works according to their style. Prepare to adapt. Your tired old house may have cracks, crooked walls, tiles that won't line up and doors that won't close. Buy durable and reliable. Do it right so that your tenant won't be calling every week with a problem.

5.     Start Early - Biggest Return on Your Real Estate Investment!

A renovation on your home, if done right, is never a waste of money. Having a rental suite works in any economy and every market. A renovation that costs $24,000 sounds pricey but if you get $1,000 per month it's paid off in two years.

Need more advice from a Real Estate professional? Call Chris 403-680-4479

Visit: chris@Liveinokotoks.com Follow all the Blogs at: http://www.yourhomeinalberta.blogspot.ca/

Need professional renovation experts? EdraPro is the new way to go. Visit: http://edrapro.ca/ Check out the Platinum Package for the best deal on renovations.

 

 

Calgary Apartments for Rent - Secondary Suites – The Debate

An Issue that Won't Go Away

In the news today is an issue that will be debated at Calgary's City Council meeting tomorrow, namely 'Secondary Suites'. In the past and in better economic times demand for housing has allowed for some secondary suites. Calgary has even made things a little easier by waiving fees but so far, a city-wide permit has failed to come into fruition.

Tomorrow 26 Applications Up for Debate

Each time a homeowner wants to put a legal suite in their basement, it must come before city council. The talk tomorrow will focus around the 26 applications requesting the legal permission for secondary suites that they can then offer for rent.

Mayor Frustrated

According to reports this issue causes much frustration for Calgary's mayor, Naheed Nenshi, and the concern won't go away. When asked about why it takes up countless hours of precious council time to discuss the matter Nenshi says, "They can't agree on what to do about it and so we're stuck."

When asked further the mayor comments that, "People get to take a day or two days off work to come down and ask to be able to do something with their own property."

Home Owners Must Wait

Home owners must wait and stay tuned. City council will hear about each and every one of these 26 applications at Monday's meeting and vote on them. There is division amongst council members about what to do and that contributes to the tension. The current process won't change, Nenshi knows, until at least after the next election in October 2017.

Looking for a place to rent? Give Chris Ashby a call 403-680-4479
Website: Chris@Liveinokotoks.com

https://twitter.com/yourhomealberta Find me on facebook:
https://www.facebook.com/Real-Estate-Professioanls-297362647096029/

Students weigh in: Legal secondary suites needed for housing. They must be safe and affordable. Read More: http://www.cbc.ca/news/canada/calgary/legal-secondary-suites-needed-for-safe-affordable-calgary-housing-students-say-1.3204207

Real Estate weighs in: Should secondary suites be advertised as income opportunities as listings on official Realtor Sites? Read More: http://www.cbc.ca/news/canada/calgary/calgary-illegal-suite-real-estate-listings-1.3302815

Note: Real Estate Professionals does not endorse nor is responsible for content of external links.

 

Calgary - Flat Line! House Prices Predicted

Calgary Home Prices Remained Static 2015

House prices in Calgary were unchanged for the last quarter of 2015 according to the Statistics Canada New Housing Price Index report. BUT what does the first quarter of 2016 look like? Well there's not a big change.

Down But Not Big Change

According to Calgary Real Estate Board CREB statistics, single-family homes in general were more affordable in Calgary over the first two months of 2016 compared to the same time a year earlier. The benchmark price for a house dipped to $506,200 from $521,950. While overall Calgary new home prices were down around 3 percent from year ago levels, land prices were still growing on an annual basis.

Numbers Not Surprising

According to the latest sales and prices figures from CREB, less than 1,600 units sold last month, a drop of 11 per cent compared to March 2015. "The numbers aren’t surprising," says Ann-Marie Lurie, chief economist with CREB. "This is influencing our market. Another factor pushing real estate prices is a continuing rise in listings."

People Wait and See

“Homebuyers continue to wait and see if there are going to be further declines in home prices before making an offer,” said CREB president Cliff Stevenson. “Timing the bottom of the market is proving to be quite a challenge in the housing market we are faced with now. As we move into spring, we are starting to see more foot traffic at open houses and showings from potential buyers.”

Prices Lower or Higher?

Some builders predict higher prices due to the higher costs in construction to cover the new building code regulations that came into effect from 2015. However the increase may be off-set by lower negotiated selling prices due to the economic downturn.

Flat-Line for Now

At this point, nobody can accurately predict when the market might bottom out, and sales activity and prices will begin to rebound. In a news release, Diane Scott, broker and owner of Royal LePage Solutions said, “Calgary’s housing market has been more resilient than most expected amid declining oil prices.”

Need some help deciding when to buy or sell? Give Chris a call #403-680-4479