Calgary Blog

As a landlord it is your responsibility to always look for the perfect tenant every time you rent out a unit. By looking and striving for perfection you'll have a much better chance of finding the right type of tenants for your building, even if they don't end up being perfect!

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Here are some of the things that you'll be looking for when you're searching for the perfect tenant:

Responsible For The Monthly Payments

Of course, this is a top priority. You need to find someone that has a good financial track record and will be able to keep up with the monthly payments on the unit without fail. The best way to find out if a person is responsible with their finances is to do a credit check on them first before asking them to sign the rental

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The days are getting longer here in Calgary and it's a perfect time to head out for a winter hike. The weather's also starting to warm up a bit and it's time to get in your winter hiking before the snow starts to melt and the spring season descends upon us.

depositphotos_canmore2_320The Heart Creek Trail is one of the best hiking places to visit during the summer and winter. It has an elevation gain of 100 m, which makes it suitable for young and old alike.

If you've ever wondered why so many vehicles are parked on the east side of Canmore on the trans Canada Highway, it's because families, couples and individuals have stopped there for some quick hiking. There is an easy hike available up Heart Mountain along with plenty of rock climbing.

If you're looking for something easy and fun…
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More and more people are choosing to remodel their basements to add extra living space to the home. While some people are planning to turn their basements into a recreation space others are converting their basements into a home office or rental suite. No matter what your plans are for the basement, you need to make sure that all moisture problems have been solved first before starting any construction projects on it.

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Moisture problems come about from a buildup of water, either from one source or from various ones. It can either be leaking in from the ground or condensing water vapor. If you do have any type of moisture problem in the basement the cause will have to be found and handled. In some cases the problem will be evident but in others you'll

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If this is your first time putting a house up for sale you may not really know what to expect when it comes to showing it. While your real estate agent can explain what you should do to your home to get it looking its best, sometimes it helps to see the visualization on your own. One of the ways you can do this is to go visit a few open houses and see for yourself how the homes are being presented.

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Learn More About What You Like in a Home

You'll also get a feel of what you like about the homes and what turns you off. Take notes while you're walking around the house and if there's anyone else that's browsing through the open houses listen to their comments as well. You'll get a feel after walking through a couple of homes of what buyers are

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What do you think? Do you see your home as an investment or as an expense? If you're like most Canadians you view your home as an investment. According to a recent poll by Scotiabank, 77% of Canadians consider their home to be an investment.

depositphotos_invest_366There were a lot of other interesting statistics that came out of this poll as well. For example, it's surprising to see that in Alberta, 40% of the homeowners here are mortgage free. These numbers line right up with the Canadian statistics, which show that 40% of homeowners nationally don't carry a mortgage. In British Columbia this number goes up to 54%, in Ontario 47%, in Atlantic Canada 42% and it goes down in Québec with only 37% owning a home that doesn't carry a mortgage.

As well, according to this

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The Importance of Listing Your Home on the MLSThe Calgary MLS® listings should be considered as your bread and butter when you are trying to sell a home. Between your real estate agent and these listings you'll be able to reach the public that is actually looking for a home to buy. It is the number one way to connect buyers to sellers and if you're not using this service you won't see a sale as quickly as you would if you were using it.

Thousands of people across the country and in Calgary are flocking to the Internet in order to browse through the homes on different websites. If you go to any real estate agent's site you'll see the MLS® listings there. It is the main advertising path that agents use to show people everything that's available.

Why You Need to List Your Home for a Quicker

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Condominiums are among the most popular real estate choices in Calgary. Buyers have the option to own a downtown high-rise or a condo in a lakeside property. Calgary condos are all about the value and lifestyle:  some condos let you enjoy Eau Claire Park while those in Victoria Park or Connought  make you part of the  trendy 17th avenue. A more serene option is a condo in McKenzie town, or newer areas like Auburn Bay.  

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The trend these days is about style and décor. So, what is considered trendy in 2011?

Minimalism

It is all about clutter-free living spaces, which is what condo living should be about.  Because of limitations in space and storage, condo owners stick to what is essential.  Minimalism as  a movement has an almost Zen-like quality to

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The real estate market for luxury homes in Calgary has noticeably grown recently. Unfortunately, the $22-million palace - the city's most expensive home and the crown jewel of the millionaire's row called Pump Hill Close - owned by Alfred Balm is not for sale. But luxury doesn't have to be as ostentatious as Balm's 91-room, 15,450-square-foot mansion.

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Photo by Ben Freedman.

Buyers with no budget issues have a variety of homes and condos to choose from in the $1 million-plus range. The city's economic climate makes it possible for local residents to get top jobs and move to more affluent communities. Also, because of its reputation as one of the most livable cities in the world, wealthy investors and business executives from around the world help

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The market conditions have changed quite dramatically over the past twelve months. As a result, some homeowners may stumble upon financial hardships that make it difficult for them to pay their mortgage payments. Once your mortgage loan defaults, the chance of foreclosure increases.

If you or your spouse has lost employment and no longer make as much money, and you see meeting your mortgage payment obligations is going to be problematic, the first step is to take a deep breath. There are literally millions of people that face the same problem. You are not a bad person, so leave any feelings of guilt at the door. You do not have time for them. Instead, you need to focus on your options.

Fortunately, there are ways to avoid default and keep your home,

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Many Seller's are now getting hit with some large Mortgage Payout Penalties. It is now more important than ever that they very this information along with their Realtor what their penalties will be if they are not porting their mortgage to their new home. Unfortunately with mortgage interest rates continuing to fall, most penalties are now calculated on the interest rate differential / loss of interest.

This is because most mortgage early payout penalties are calculated on three months interest payment or the interest rate differential—whichever is the GREATEST!!

How to Calculate a Mortgage Interest Rate Differential Penalty

Methods of calculating penalties are as varied as the lenders' imaginations. As a Seller or a Realtor, always remember:

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