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November 2012

Found 5 blog entries for November 2012.

The Condominium Reserve Fund

The purpose of a reserve fund is to provide financing for major repairs and renewal projects over the life of the condominium building.  The fund essentially ensures that the condominium common elements will be maintained in good shape for the life of the project.  The amount required to be in the reserve fund depends upon the condition and life expectancy of all of the common elements in the building and the estimated cost to replace them over the life of the project.  The amount each unit owner is required to contribute to the reserve fund, usually via monthly condominium fees, is determined by estimating what would have to be set aside on a monthly basis to cover the long-term costs. 

calgary condos  

Reserve fund studies are

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Calgary top real estate investment market in Canada

Edmonton ranked as second

By Mario Toneguzzi, Calgary Herald

CALGARY — Calgary has been ranked as the top real estate investment market in  the country followed by Edmonton by the Real Estate Investment Network Ltd.

In its Top Alberta Investment Towns report, REIN said that Alberta’s economy  has come out on top after a few years of economic turbulence.

The report identifies towns and regions poised to outperform other regions of  the province over the next three to five years.

And none is better than Calgary.

“After a couple of roller-coaster years, Calgary is back on a roll. The  return of jobs to the city, as well as greatly reduced office vacancy rates show  us that the city’s

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Calgary Housing Market Does Not Show of Slowing

Year-over-year sales growth remains in double digit territory

Calgary, November 1, 2012 – City of Calgary sales activity marked a 23-per-cent increase over levels recorded in October 2011. The continued improvement in sales has pushed year-to-date sales activity to nearly 16-per-cent above levels recorded in 2011.

Relative to national trends, we continue to move in the opposite direction, recording both sales and price growth. However, de-spite the higher than anticipated sales growth this year our market is not overheating, simply returning to levels consistent with long term trends and prices still have not fully recovered after the last recession.

Calgary Real Estate Graph

Sales improved over 2011 levels across all

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7 Ways to Save on Supplies for Your Home Renovation...

A Feng Shui bedroom, a retro bathroom, a cottage kitchen; there’s so many creative ways to perk up the look of your home. But if the costs of your next home reno just aren’t adding up for you, it’s time to get equally creative with ways to save, and it starts with supplies.

Here are seven tips to help you save on building supplies for your next big project:

1. Time it Right Upgrading your kitchen or bathroom? The new year is your best time to buy. Building a deck or a gazebo for your gar-den? Aim to buy in late summer or fall. Time your project after the season is over, because that’s when stores discount their supplies to make room for the next season’s materials.

2. Don’t

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 October sales activity climbs from a year ago

CALGARY — Calgary’s resale housing market in October is continuing to show very strong year-over-year sales growth with average prices competing with the peak level of 2007.

According to the Calgary Real Estate Board, month-to-date until October 30, total MLS transactions in the city of 1,603 are up 23.88 per cent from the same period a year ago and the average sale price has risen by 7.22 per cent to $435,922.

The October activity has pushed year-to-date sales to 18,616, an increase of 15.85 per cent. And the year-to-date average sale price has jumped to $427,612, up 2.99 per cent from a year ago. The yearly average sale price in the city peaked in 2007 at $423,770.

“The economy in Calgary

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Re/Max, CREB Certified Condominium Specialist