August 2021 - HOUSING TRUTH ~ Calgary housing market from Mark Kolke
FRESH NEWS, TOOLS, and HEADLINES – August 2021
WELCOME from editor/publisher - and agent, Mark Kolke; Agent/Realtor, under contract to MaxWell Capital Realty ...
OPENING remarks from Mark:
Title: no slowing down in this market yet …
Over the summer, real estate markets cool a bit, but not this year. While the volume of new listings coming on the market has risen toward typical levels, the pace of sales continues to be robust. Competition for new listings – mulitple offers and sales over list price are frequent. These circumstances taken together make it a great time to be selling and a challenging time to be a buyer. Sustained low interest rates continue to make housing affordable in Calgary.
And, the campaign rhetoric of the Federal Election campaign make it clear – all parties want to support programs that will make it easier for first time homeowners to enter the market; while the pressure is greates in the Toronto and Vancouver markets, supply is going to be important. Alberta new-home builders are keeping the market well supplied.
And, sustained buoyancy in crude oil and natural gas prices bode well for Calgary.
COVID-variant case spikes has us masking again – reminders about open-house and showing protocols are back in place for the real estate industry, keeping safe and keeping our clients safe is a continuing priority.
+ Fish Creek Provincial Park – volunteer opportunities
+ I live near Fish Creek Park – so I’m walking in the park daily, as the growing season is in full force the drab last-year’s growth of grasses have been overtaken by fresh green – birds everywhere!
+ if you use the park, consider joining/supporting the Friends of Fish Creek Provincial Park Society – they do great work and have fantastic programs for children of all ages to learn about nature – and lots of volunteer opportunities too
+ map of the park
Search any MLS listing from your couch - use my home finder app; download it
HOME SEARCH APP - shop all MLS via this phone APP
+ a cool tool: something more binge-worthy than some Netflix offerings - try our on-your-phone MLS search tool. Drive-by any sign, or find properties anywhere surfing from your phone, check it out – contact for more information or to book a showing. Get it here. By the way, you don’t have to drive – do your ‘virtual searching’ from the comfort of your easy-chair, check out listings in Calgary and anywhere your fingers want to wander - with quick links to get further information or to set up a showing.
+ Calgary’s July 2ndhailstorn caused $247.0 million in damage; contractors are busy quoting repairs and agents are wrestling with listings/closings where insured damages are not yet repaired – so it gets tricky to properly document … tread carefully …
+ OPEN HOUSES are still allowed – Stage 2 Open For Summer Plan – with COVID-19 showing guidelines applying, and homeowner permissions of course. Owners and agents need to be clear about showing instructions, COVID protocols and particularly instructions about ‘how many people are in the property, etc.’
+ masking is required in accordance with current Government of Alberta COVID-19 protocols
+ getting ready to sell is no simple exercise; and as wide-spectrum as reasons for selling may be, there are issues every prudent seller need consider. When thinking about selling, for most people the first things that come to mind are ‘market values’, and maintenance items that should be taken care of between ‘thinking about listing’ and closing to mend those broken things. Sooner is always better!
PROPERTY LINES - monthly news
+ sign up CLICK HERE for PROPERTYlines monthly newsletter focused on commercial real estate both locally and across Canada in industrial, commercial, investment, multi-family, hospitality, and infrastructure real estate; April issue; archived issues
REAL ESTATE LICENSING and regulatory news
+ regulation and control of licensing in real estate in Alberta is handled by the Real Estate Council of Alberta(RECA), an NGO delegated by the Government of Alberta to enforce the Real Estate Act and regulations; in the course of renewing licenses, all agents are required to renew their errors and omissions insurance (E&OE) which is handled by REIX – which means, in practical terms, your agent cannot renew his/her license without having their ongoing educational requirements in place AND having their professional insurance in place. Licensing for brokerages and agents they employ is renewed at September 30th every year; you can find your agents/confirm licensing under the Find A Professional tab
+ the Government of Alberta amended the Real Estate Act [Real Estate Amendment Act 2020] and made significant changes to the role of RECA, and installation of new officers and board members following an external review and industry consultation; the new legislation has been proclaimed and went into effect December 1, 2020
+ expected in the coming year: condominium project managers, not currently regulated by RECA, might be. Government, RECA and industry-wide discussions are ongoing …
+ Condominium managers are scheduled to be licensed under the Real Estate Act on December 1, 2021 – and new programs of education are being developed for RECA by the Residential Property Manager Industry council
+ would you like to try a career in real estate, were you born to be an agent? Check out this dollhouse recruitment video from the Canadian Real Estate Association
+ we are happy to evaluate your home; whether or not you wish to sell in this current market – we are always happy to help owners evaluate the market value of their home and to get a sense of where it is positioned in the market – call me or email me for a no-obligation chat: 403-444-6939 or email: firstname.lastname@example.org
In my work in this industry, and in this publication, my communication with clients and customers is predicated on the notion that more information is better than less information, and answers are important. A lot of the time people aren’t sure what questions to ask --- so hopefully, this publication will fill some gaps.
In my experience, both buyers and sellers want information and transparency; I can’t remember anyone saying they wanted to best salesman. In fact, industry surveys show the number one complaint buyers and sellers have about agents is that they don't return phone calls promptly! Who knew? ... we all do, and right now we are more aware than ever that staying in touch and working together, being on the same page in our desire for the best outcome, is to work together.
People tend to do business with people they know, like, and trust. Buying or selling a home is, for most people, their most valuable asset and there are plenty of emotions attached to every decision. In our 2020 environment, those emotions seem to be cranked up a couple of notches for everyone …
If you would like to discuss your next move - buying or selling, please give me a call - I'm happy to meet with you in person, by phone, or by ZOOM ...
~ call me to discuss your requirements: Mark Kolke, 403-444-6939
~ or email me: email@example.com