Calgary Homes Blog
Calgary’s trusted real estate market news, trends and housing insights. Ryan Smith, Calgary REALTOR® shares helpful tips and advice for home buyers, sellers, investors and homeowners in the Calgary Homes blog.
What do sellers have to tell buyers in real estate?
Buyers and sellers may differ significantly on the information that should be disclosed as part of a real estate transaction. The buyers will want to know everything. On the other hand, the sellers will want to be “protective” of information that they feel may...
Condos and Real Property Reports….. Is an RPR required?
Looking to buy a Calgary Condo? Do you currently own a Condo and want to know more? These videos explore the complexities of condominium ownership from Unit Factors to Special Assessments and everything in between. This video is about Real Property Reports...
Understanding and Explaining Condo Fees
Looking to buy a Calgary Condo? Do you currently own a Condo and want to know more? These videos explore the complexities of condominium ownership from Unit Factors to Special Assessments and everything in between. As a prospective buyer, or the owner of a...
Understanding Municipal Tax Assessments vs Real Estate Market Value
This month’s blog is less specific to condominium properties. However, it certainly applies to condos as well. Given the time of year, it is a very relevant conversation. Most Alberta municipalities have mailed out 2021 Tax Assessment Notices as of a few weeks ago....
The Apartment Condo Market and COVID-19
Without question 2020 has been a year of twists and turns. Personal lives, work, school, dining, entertainment and almost every form of human interaction have been affected by COVID-19. The same can be said for Calgary’s housing market. In early March when full scale...
What are the responsibilities of a condo Board of Directors?
Looking to buy a Calgary Condo? Do you currently own a Condo and want to know more? These videos explore the complexities of condominium ownership from Unit Factors to Special Assessments and everything in between. In this video we explore the role of the Board...
Exploring and Understanding Reserve Funds
Looking to buy a Calgary Condo? Do you currently own a Condo and want to know more? These videos explore the complexities of condominium ownership from Unit Factors to Special Assessments and everything in between. This video focuses on the importance of a...
Changes to Alberta Condo Act – Effective January 1, 2020
In a previous blog we explored the proposed changes to the Condominium Act (Regulation) of Alberta that were intended to take effect on July 1, 2019. These changes were postponed by the government in order for the Service Ministry of Alberta to review the...
How are condo fees calculated and why do they seem to rise every year?
One of the most common questions that I get from clients who are looking to purchase a condominium unit is “what do the condo fees include”? The answer will vary widely depending on the individual condominium development. Perhaps a more specific way to ask the same...
Protecting Yourself when Buying a Condo
Looking to buy a Calgary Condo? Do you currently own a Condo and want to know more? These videos explore the complexities of condominium ownership from Unit Factors to Special Assessments and everything in between. This video explores how to best protect...
Condo Insurance – What do your Condo Fees pay for?
With any new home purchase there is a lot of excitement. There is also a pretty lengthy list of things to do. This list will include setting up utilities, informing friends, family and vendors of your address change, packing and moving in, and in the case of a...
Post Tension Cables
Looking to buy a Calgary Condo? Do you currently own a Condo and want to know more? These videos explore the complexities of condominium ownership from Unit Factors to Special Assessments and everything in between. This video explores "Post-Tensioned Cables"....
Short Term Rentals in Condos: Are they Legal?
With the rise in popularity of short-term rental sites such as Air BNB, Home Away, VRBO, and Home to Go, there has also been a rise in entrepreneurial homeowners looking to capitalize on an additional revenue stream as short-term rental landlords. Many condominium buyers express their interest in purchasing a condo unit with the plan to lease it out on a short-term basis. Some owners will look to rent their unit only at specific times of the year, such as Stampede or when they take holidays away from their home and the home is thus vacant. Other owners have a view of renting out the unit on an ongoing and consistent basis, effectively treating it as a revenue property without a traditional long-term lease.
Bylaws and Rules that Govern Condos
Looking to buy a Calgary Condo? Do you currently own a Condo and want to know more? These videos explore the complexities of condominium ownership from Unit Factors to Special Assessments and everything in between. This video explores the rules and bylaws that...