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Ken Richter Newsletter includes links to interesting articles found online with tips on home renovations, finance and real estate
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Ken’s Market Update


Hello Everyone,
 
I am very happy to relay good news, the Calgary real estate market is in a transition towards an improved market!
 
All of us here at Team Ken Richter are extremely busy facilitating sales in every price range despite the recent frigid winter temperatures. We are experiencing numerous weekly sales and even multiple offer situations! We haven’t experienced a heated market like this for some time. I don’t expect prices to increase anytime soon, but I believe prices will stabilize considering the market activity already this year. The low inventory of housing all across the city and the fact that mortgage interest rates remain at an all-time low are contributing to the recent wave of activity. This is very positive as our market has needed a lift after the recent two year down turn.

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How to take advantage of going green with new Energy Efficiency Alberta program

Albertans can now register for the Residential No-Charge Energy Savings Program through efficiencyalberta.ca.

Those who register can expect to be contacted starting in April to arrange in-home installations.

“You can be among the first Albertans in line for savings available through this program. All of the home upgrades are at no charge to you and they’ll reduce your electricity bills,” said Shannon Phillips, Minister of Environment and Parks and Minister Responsible for the Climate Change Office.

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A transition in the making

Detached sales activity boosts February housing market

After the first two months of the year, Calgary's detached sector continues to drive a slow transition in the housing market. February sales totaled 1,342 units, which is still 19 per cent below long-term averages, but an improvement over the past two years.

As sales kept trending upward, detached inventory levels continued to ease in February. These conditions caused months of supply to fall to 2.4 months, putting less downward pressure on pricing. Unadjusted detached benchmark prices totaled $501,900 in February, which is one per cent lower than prices recorded last year, but slightly higher than January figures.

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CMHC to increase mortgage insurance premiums

The federal agency announced a hike is coming to its premiums starting March 17. 

Over the first nine months of 2016, the average CMHC-insured loan was about $245,000 and the average down payment was eight per cent, says CMHC. Both are Canada-wide averages. An average specific to the Calgary area was not available. 

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Inner City Living

Calgary offers pristine inner-city living. Owning a property in one of the 60+ communities in this area has a lot of benefits; in fact, one could go so far as to say that it allows you to have the best of every quadrant of Calgary. - See more at:

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5 Home Repairs to Make Now to Avoid Problems Later

If you put off fixing a wobbly fence post or squeaky door hinge, it's probably not going to end in a homeowners insurance claim. Other home repairs, if left unchecked, can quickly domino into major disasters. Water is a factor—if not the primary cause—in the majority of high-risk situations. Here's how to identify priority home repairs and handle them at their source: 

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Canada 150 Quiz: How much do you know about Canadian food?
Calgary Events

Mar 15 - 19 2017 Calgary International Auto and Truck Show
Mar 16 - 19 The Festival of Animated Objects
Mar 17 St. Patrick's Day
Mar 17 - 19
Prana Yoga Festival
Mar 19 Symphonic Sorcery: The Music of Harry Potter
Mar 23
Paint Nite Fundraiser
Mar 24 Pumphouse Theatre One-Act Play Festival
Mar 24 - 26 Calgary International Salsa Congress
Mar 25 The Grape Escape
Mar 25 - 26 Outdoor Adventure & Travel Show
Apr 1 Bowness Spring Craft Sale
Apr 7
Wine, Women and Shoes
Apr 7 - 9 Make It! Calgary's Handmade Market
Apr 7 The Easter Seals' We Care Ball Gala
Apr 8 - 9 Aggie Days
Apr 14 Good Friday
Apr 15
Vaisakhi Mela
Apr 15
Taste of Jamaica 2017
Apr 16 Easter
Apr 17 - 23
Calgary Underground Film Festival
Apr 22 - 25
Calgary Spoken Word Festival
Apr 27 - May 30 Calgary Comic & Entertainment Expo

Ken Richter

A trusted name in real estate for over 30 years. Thinking of buying or selling contact me for all your real estate needs. I know the business of real estate!
  
P.S. Your help in passing along my name to any friends and family interested in buying or selling real estate is always greatly appreciated.
 
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Copyright © 2017 Ken Richter, All rights reserved.


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