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July 2012

Found 5 blog entries for July 2012.

 

 

Making the Best Kitchen Countertop Choice

Nowadays, kitchens are not only built for food preparation and dining, but also for entertaining. This is especially apparent when you consider how many kitchens have adopted an open concept floor plan, making them easily accessible from other rooms in the home. Why not make your kitchen both functional and beautiful, increasing your enjoyment of it on multiple levels? Start by examining your kitchen counter-tops, one of the most prominent features of any kitchen. Here are the top three most popular countertop choices amongst homeowners with big and small budgets:

1. Granite/Natural Stone: Granite is, by far, the most popular choice amongst homeowners shopping for countertops. It comes in a wide

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Canada Mortgage Change Rules

Amid rising concerns regarding household debt in Canada, the Federal Government announced that it is reducing the maximum amortization for government-insured mortgages to 25 years from 30 years.

• Now if you refinance your mortgage you can borrow up to 80 per cent of its value, previously you could borrow up to 85% of your home’s value.

 What Does A Shorter Amortization Mean?

 • The amortization period is the length of time it will take to pay off an entire mortgage. With a shorter amortization, you can save thousands of dollars in interest costs and become debt-free faster.

Recently a poll conducted for a major Canadian bank by public opinion and market research firm Pollara found:

• Nearly half (49 per cent) of

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A survey shows Calgary topping commercial real estate returns world-wide, ahead of London, Sydney and New York.

According to this month’s global survey by Investment Property Databank Ltd, in which the top 10 locations were all in North America, Rental income and higher property values in Calgary produced a return of 21.6 percent. Booming oil and gas industries and a restricted supply were credited for the high rate, IPD said. The next three cities after Calgary were San Diego (19.5 per cent), Portland (18.0 per cent) and Seattle (17.7 per cent).

"An energy-driven economic boom in Alberta . . . generally benefited the city, and brokers reported prime office space in the central business district to be near full occupancy at year-end," the report

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What is a Real Property Report?

A real property report (RPR) is a document prepared by a land surveyor that illustrates the location of visible improvements (for example, a house, garage, shed, deck, or fence) located on a property relative to the property boundaries.

An RPR will show:

· The legal description of the property;

· Dimensions and directions of all property boundaries;

· Designation of adjacent properties, roads, lanes;

· Location and description of all relevant improvements located on the property including dimensions and distances from the property boundaries;

· Right-of-way or easements as noted on the title to the property; and

· Location and dimension of any visible encroachments onto, or off of the property.

An RPR is

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Active Listings and Sold Listings for June 1 to June 30, 2012

 

Calgary Real Estate Active listings: 5755 Homes

Calgary Real Estate Single Family Homes Active Listings: 3851 Single Family Homes

Calgary Real Estate Condo / Townhouse Active Listings: 1904 Condo / Townhouse

Calgary Real Estate Single Family Homes Solds from June 1 to June 30, 2012: 1617 Single Family Homes SOLD, Average Days on the Market 36 Days.

Calgary Real Estate Condo / Townhouse Solds from June 1 to June 30, 2012: 594 Condo / Townhouse SOLD, Average Days on the Market 49 Days.

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Re/Max, CREB Certified Condominium Specialist