Calgary Real Estate News from Geoff Antrum & Matt Antrum August 2018   
  Real Estate News




Geoff Antrum & Matt Antrum
Members of CREA *

8060 Silver Springs Bv. NW
Calgary, Alberta
403 608 5682
403 608 5684
www.SearchCalgaryHomes.ca


 
Recent struggles in the job market, accompanied by yet another interest rate increase, is piling on to the decisions potential purchasers have to make in the housing market. Its a Buyers market in Calgary!
 
We are having a Seminar in September for Calgary First Time Buyers. Are you thinking of moving out of rental? What about a mortgage? Is it time to buy in 2018?

Moving can be extremely stressful if you don't plan out the details ahead of time. This month's article offers a pre-move checklist that will help you prepare for the big day!

There's also some advice on how to create a fire escape plan for your home as well as a few tips on how to help get the kids back into the school sleep routine.

Thanks so much for checking out this month's newsletter. Please get in touch if you have any questions or comments regarding the articles, or real estate in general -- it'd be great to hear from you!

Geoff & Matt

In this issue...
Calgary Real Estate Market Update 
Patience required in Calgary's housing market recovery.

Recent struggles in the job market, accompanied by yet another interest rate increase, is piling on to the decisions potential purchasers have to make in the housing market.

The month of July saw 1,547 units sold in Calgary, nearly five per cent below last year. New listings eased to 2,964 units, causing inventories to total 8,450 units.

With more supply than demand, prices continued to edge down, with a citywide average of $435,200. This amounted to a month-over-month price decline of 0.30 per cent and year-over-year decline of 1.89 per cent.

“Despite some positive momentum in some aspects of our economy, our job market has continued to struggle as of late, with some easing in total employment levels over the past few months and persistently high unemployment rates,” said CREB® chief economist Ann-Marie Lurie.

“Also, the Bank of Canada raised rates again in July. Rising costs, combined with a slow recovery, are weighing on the demand for resale homes in the city. At the same time supply remains high and is resulting in an oversupplied market.”

Citywide months of supply have risen for each property type and currently range from nearly five months in the detached sector to seven months in the apartment sector. These elevated levels have been placing pressure on prices in the city.

Detached benchmark home prices totaled $501,300 in July, down 0.4 per cent from last month and over two per cent from last year’s levels. Year-to-date average benchmark prices in the detached sector remain just below levels recorded last year.

The apartment ownership sector continues to see the steepest declines, with year-to-date benchmark prices averaging $257,343, three per cent below last year and nearly 14 per cent below 2014 highs.

“In a buyers’ market, it’s critical for all parties to have the most up-to-date information to make a fully informed decision, whether you are buying or selling,” said CREB® president Tom Westcott. “A REALTOR® can help make an accurate determination on how much to sell a home for or how much is too much when purchasing one.”

First Time Buyers - We Can Help! Seminar in September 
How do I buy my first property in Calgary?
Do I want a Condo?
What part of the City do I buy in?
What down payment do I need?
Can I break my rental agreement?
Can I get pre-approved for a mortgage?
Do I need a Realtor? Mortgage Broker?
What sort of market am I buying into?
 
What are your next steps for getting into the Calgary real estate market in 2018? Is now a good time to buy?
 
We are having a Seminar in September for Calgary First Time Buyers, who are planning to buy a home. If this interests you please RSVP to Geoff Antrum at email: gantrum@cirrealty.ca or call/text 403 608 5682, for a place. Seating is limited. Look forward to seeing you.
We have a Mortgage Expert (Brooke Bartlett) on hand and two seasoned REALTORS, (Matt Antrum & Geoff Antrum). So bring your questions and concerns and we will assist you in buying your next home.

The date for the Seminar is: Thursday 20th September 2018.
Time: 6.30 pm to 8 pm.
Place: CIR REALTY Head Office
Address: 703 64 Ave SE, Calgary, AB T2H 2C3
Close to Blackfoot Trail and Glenmore Trail.

We will also be handing out a Buyers Package with tips and ideas on how to buy your first home.
Snacks and beverages will be served.
No commitment is required just turn up and listen, ask questions! Be informed before you buy!

Cut the Stress with a Moving Checklist 
The key to keeping calm during a move is to plan in advance.

Moving to a new home is an exciting life change but it can also be very stressful if you're not properly prepared.

It's important to create a detailed checklist a few months ahead of time in order to ensure things go smoothly. Here are some points to help get you started:

Two Months Before

  • Itemize all of the major items you'll be moving.
  • Get estimates and book the movers or a rental truck.
  • Have a garage sale or donate items to charity to get rid of excess clutter.
  • Start sucking up to friends and family for help!

 One Month Before

  • Switch your insurance, medical and school records to your new location.
  • Arrange to disconnect and reconnect utilities and phone/internet services.
  • Notify any other important parties of your new address.
  • Start stockpiling various sizes of boxes.

 Two Weeks Before

  • Start packing up room by room.
  • Plan meals so food in your fridge and freezer gets used up.
  • Arrange for someone to look after your pets on moving day.
  • Return library materials and other rental items.

The Final Week

  • Water your plants a few days before you move.
  • Put together a small bag of clothes and toiletries for the first few days.
  • Gather valuable items such as legal documents and family photos so you can transport them yourself.
  • Pack a box with essentials such as cleaning supplies, chargers, light bulbs, soap, garbage bags, etc. for the first week in your new home.

Day of the Move

  • Make sure you have your new keys.
  • Double check the movers have your new address and cell phone number.
  • Have lots of refreshments on hand for your busy helpers!

 Moving can cause a wide range of emotions from sadness to extreme excitement. Although moving can be stressful at times, a little bit of planning will provide you with some very valuable peace of mind. With the help of this checklist, you can now breathe a sigh of relief and enjoy this exciting new phase of your life!

Planning a Family Fire Escape Plan 
It’s important to be prepared in the event of a fire.

Planning for a house fire isn't something most people want to think about but if such an event occurred, you’d need to act fast. Having a fire escape plan is critical so here are a few points to consider:

  1. Floor It - Draw up a floor plan of your home that shows at least two ways out of each room.

  2. Keep it Clear - Ensure there aren’t any obstacles in front of windows, doors and escape routes.



  3. Practice Makes Perfect - Crawl through escape routes with your family during annual practice drills.

  4. Window of Opportunity - Family members need to know how to open all windows and remove screens.

  5. Climb on Down - Make sure escape ladders are accessible and not buried in the back of closets.

  6. Rendezvous - Designate a special meeting place for all family members once you've evacuated.

  7. Get Out & Stay Out! - Remind children never to re-enter a burning home under any circumstances.

If you live in a condo or apartment building, ensure you know the evacuation plan and do a few practice drills. Knowing what to expect and how to act is key in any emergency situation so practice your escape plan at least twice a year.

Back to School Sleep Tips 
Ditching the lazy days of summer doesn’t have to be a drag.

As summer winds down, we need to start getting the kids back into the school time routine, starting with bedtime. Here are a few tips to help them adjust:

  1. Screens Out - Don’t let your kids play video games before bedtime as screens can affect their sleep.

  2. Get Moving - Exercise improves sleep considerably so try and sneak in extra activities throughout the day but avoid it two hours before bed.


  3. Gradually Adjust Bedtime - Don’t wait until the night before school. Instead, gradually take it back 10 - 15 minutes early until you reach the desired time and get up at the same time each morning.

Being sleep deprived will affect both your kids and your own ability to focus and learn. It’s therefore important to adopt good sleep habits to help increase your energy levels during the day which will in turn help you sleep better at night.



PS Looking to Buy or Sell your home in the near future please call us
Geoff at  403 608 5682 or email: gantrum@cirrealty.ca
Matt  at   403 608 5684 or email: mantrum@cirrealty.ca
Check out our website at:  www.SearchCalgaryHomes.ca

Geoff and Matt support:  Alberta Childrens Hospital
* Trademarks owned or controlled by The Canadian Real Estate Association. Used under license.


Not meant to solicit clients already under contract.