Calgary Real Estate News from Geoff Antrum & Matt Antrum May 2019   
  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


 
Calgary Housing Market Update:  There have been no significant changes occurring in sales activity, but the number of new listings coming onto the market continues to ease relative to 2018 levels. 

Calgary Secondary Suites for Basements and Back Yard Secondary Homes. What are the steps for developing your property with a secondary suite, including safety, building codes, permits, etc.

Spring is usually a very busy time for home sales! This month's article discusses how you can use spring's natural beauty to enhance your home's resale potential.

There are also some tips that'll help you determine whether or not someone's telling you the truth as well as a few social media spring cleaning strategies to help you keep your digital world in check.

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 
Calgary sees a slight decline in the number of new listings.

There have been no significant changes occurring in sales activity, but the number of new listings coming onto the market continues to ease relative to 2018 levels. 

The decline in new listings was enough to start chipping away at overall inventory levels, which have eased slightly compared to last year.

The slight adjustment in supply levels has helped support further reductions in the months of supply, which was 4.6 months in April. While this level still represents oversupply in our market, it does reflect improvement from the nearly seven months of supply that we saw at the start of the year.

“Demand remains relatively weak in the resale market. However, if supply levels continue to adjust, this could help reduce the amount of oversupply and eventually support some price stability,” said CREB® chief economist Ann-Marie Lurie.

As of April, the total residential benchmark price in Calgary was $415,900. This is slightly higher than last month, but still nearly five per cent lower than last year’s levels.

Citywide sales were 1,547 units in April, two per cent higher than last year’s levels. Year-to-date sales remain nearly six per cent lower than last year and are 26 per cent below longer-term averages.

“Sales have been improving mostly in the lower price ranges, causing tighter supply conditions in that segment.  This will likely have a different impact on price trends in the lower price ranges depending on location,” said Lurie.

Calgary Secondary Suites - Basement & Backyard Suites 
 The City of Calgary has useful information and links for Secondary Suites.

Here are the steps to complete and legalize secondary suites, for basements and backyard secondary homes in Calgary. It can be a way of providing income to the owner without moving. Or perhaps you want to move to a property that can be developed with a basement suite or backyard secondary home.

Topics such as Land Use, existing suites, building and trade permits, inspections, registry, rentable suites, safety issues, smoke detectors and a lot more useful information.

Two City of Calgary links, please check them out:

https://drive.google.com/file/d/1tWRWpibaHCXLjq2QUVTr-e-a1sD923Ml?fbclid=IwAR0KpHPXZwOMPjw4MGYixVkhcvSGY1jUNHGRPGO7OztIwDanfisBgb9wDGs

https://drive.google.com/file/d/148zrC45pfmgP9kOmyhKCECADLgmLyuK7?fbclid=IwAR3r3kBySF2U63f0_QwcQuHUDvmI0HrPcFWkInoRh2S35Uzc_Hj4yxDOWvA

A Few Tips that Spring to Mind 
If you're thinking of selling your home, springtime's the perfect time!

Home sales usually surge come springtime as the fresh, sunny weather encourages people to fix up their homes and check out what else is on the market. Here are a few ways to take advantage of spring fever:

  1. Flower Power - Place a few vases of fresh cut flowers throughout your home.

  2. Clutter Control - Decide what needs to be tossed out and what can be donated.

  3. Spring Fling - Once you've decluttered, freshen up your home with a thorough spring clean.

  4. Wide Open - Clean and then open your windows so the sun shines in and fresh spring air flows throughout your home.

  5. Refresh Your Nest - Inject vitality into your space by swapping out couch cushions, throws and towels with shades and fabrics that reflect the spring season.

  6. Outdoor Living - Families are entertaining more at home than ever before so extend your inside space outdoors with comfortable seating and ambient lighting.

  7. Curb Appeal - The spring naturally highlights your yard's best features so prune trees, trim shrubs, rake the grass and add flower pots around the front door.

If you plan on putting your home on the market, use the spring season to highlight its best features so it stands out from the competition. You only have one chance to make a great first impression, so clear out the cobwebs and make your home spring fresh!

The Language of being Dishonest 
Here are a few tell-tale signs to help you recognize tall tales!

One of the most effective ways to determine whether or not someone's being dishonest is to examine their body language and speech patterns. Here are a few tips that'll help turn you into a human lie detector:

  1. Um, Err - Liars often mispronounce words, stutter or sniff due to nervous tension.

  2. Tick Tock - Deceptive answers usually take longer to formulate than truthful ones.

  3. Cover Up - Covering the mouth and rubbing the nose and eyes can indicate untruthfulness.

  4. Pivoting - Liars welcome a change in conversation resulting in their body language becoming more relaxed.

  5. Fade Away - Their body will start to scrunch up as if they're trying to fade away and any movement will be stiff and limited.

  6. Pick Pocket - Showing palms is a sign of honesty so people who are fibbing will often put their hands in their pockets and fidget.

  7. Look at Me - Liars usually avoid eye contact while seasoned pros will overcompensate and maintain deliberate eye contact.

Detecting deceit isn't always easy as some people are better liars than others. Asking questions can help determine whether or not someone's lying as it's difficult to fabricate specific details on the spot. A single tell may mean nothing but when combined together, chances are they're hiding something.

Social Media Spring Cleaning 
It's not just your closets that could do with a good spring clean!

Whether you're on Facebook, Twitter or Instagram, it's good to get in the habit of performing regular maintenance on your accounts. The following tips will help you clean out the digital cobwebs:

  1. Safe & Secure - Change your passwords and beef up security settings.

  2. Perfect Privacy - Review your privacy settings and adjust if necessary.

  3. Hack Attack - Back up your Facebook page in case your account gets hacked.

  4. Clear the Clutter - Unfollow or unfriend those you no longer keep in touch with.

  5. Lock Down - Update the recovery details that are associated with each account.

While you're in clean-up mode, go through your phone and delete any apps you no longer use. Most apps require access to your personal details so the fewer you have, the more privacy you'll gain.



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
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Not meant to solicit clients already under contract.