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Home Owner Tips

General tips and handy information for Calgary homeowners.

Found 3 blog entries about Home Owner Tips.

RBC Housing Affordability Measures - November 2011Lately the news has been flooded with articles about the affordable housing market in Alberta. All this excitement was the result of the release of the RBC November report on Housing Trends & Affordability.

You may have heard Alberta had the lowest affordability measures of all the provinces in Canada:

  • Detached bungalow: 32.8%
  • Standard two-storey: 36.0%
  • Standard condominium: 21.3%

Calgary housing affordability was slightly higher than the provincial numbers but "continues to be one of the most affordable major cities in the country": 

  • Detached Calgary bungalow: 37.6%
  • Standard Calgary two-storey: 38.2%
  • Standard Calgary condominium: 23.2%

This sounds great, but what exactly does it all mean? Where do these numbers come

10,565 Views, 9 Comments

Calgary Property Assessments: Fact or Fiction?

Calgary Property Assessment According to the 2010 Calgary property assessments the city mailed out January 4th, Calgary property values dropped by 13% from the previous year.

Clients often call me this time of year questioning their property assessment. The city's assessment process confuses many property owners, who often believe their Calgary home or condo is worth far more or less than the posted assessed values.

Let's be clear about one thing: city property assessments have no relationship to the current market value of Calgary property. The 2010 annual property assessments reflect the estimated market value of property as of July 1, 2009 and include any physical changes that have occurred up to December 31, 2009. The

4,455 Views, 2 Comments

Calgary Real EstateToxic drywall is causing concern across North America, and may make some home buyers hesitant when shopping for a new home. In an article by Bob Aaron, a Toronto real estate lawyer, called Chinese Drywall Creating Crisis, the Toronto Star reported last month that defective Chinese drywall emits toxic hydrogen sulphide, sulphur dioxide and other gasses when exposed to humidity. When the drywall off gasses it creates a noxious odour, which can result in serious health conditions and illnesses, such as breathing problems, eye irritation, fatigue, dizziness, insomnia, sore throat, bloody nose and headaches.

Bob Aaron reports that hundreds of millions of sheets of the defective drywall were imported into the United States between 2001 and 2007. It was also

44,047 Views, 56 Comments