October 2015

Found 4 blog entries for October 2015.

They say everything is bigger in Texas—even here in Calgary, that idiom is familiar. Well, if real estate listings are any indication, the saying is certainly proving to be true!

This month, a new property has smashed all kinds of records in the luxury real estate market: the almost 800-square-mile Waggoner ranch, located 175 miles northwest of Dallas, has an asking price of $725 million. It is not only believed to be the largest ranch in the United States, if it goes for asking price, the sale will be four times higher than any previous real estate transaction ever recorded in the country! 

So, what does $725 million get you these days? Well, first of all—1000 oil wells, something we as Albertans certainly can appreciate. The ranch also comes with

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In case you missed it, we just had an historic election in this country. After 9 years in power, the Conservatives were ousted from government in favor of Justin Trudeau and his Liberals. 

Which might leave many of us in Calgary wondering: what lies ahead for us? Times of change in leadership can often lead to upheaval in the markets, real estate being no exception…

But, before we all pack up and head to Arizona, America’s hot-bed for Albertans, let’s take a look at what’s been going on down there recently. 

As recently as three years ago, Canadian buyers represented 5% of the Phoenix real estate market; this year, however, we aren’t making as strong a showing south of the border. The number of Canadians buying in Arizona fell by half during 2015;

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Over the past few years, so much has been made of the sharp increase in Canadian home prices, (particularly in Toronto and Vancouver) that you might imagine our country is the only one enjoying a strong sellers’ market. In fact, experts are so focused on predicting just when the housing bubble might burst, they’ve overlooked the fact that other nations are seeing even sharper rises in year-to-year home values. 

Let’s take a closer look: in Canada, the year-over-year rise in annual home prices was 8.3% (tied with Australia); in Sweden, home prices rose 10.1% over the previous year and in Ireland, values were up an astonishing 13.3% from the previous year. 

In all of these countries, talk of bursting bubbles abounds, but there are a few common factors

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There are plenty of lovely, expansive homes available in Calgary and beyond, but just because your house is large or has a high listing price doesn’t mean it’s a luxury property.

Buyers seeking to acquire a true luxury property are very discerning and have come to expect a certain standard set of features in a house before they’ll even consider making an offer.

If you want to help your home makes the cut, consider these 7 features non-negotiable:

1.      An Open Floor Plan: No one wants to buy a 5000 square foot house that feels like a shoebox. These days, the airier the home, the higher the sales price it can elicit. If you’ve been considering knocking out a wall or two ever since you acquired your place, it’s a good idea to take the plunge before

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