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Current Statistics
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Want to Build a New Home?
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Want to build a NEW HOME? Nicoleta started her career working for a home builder. Give us a call to share her experience with you!
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ASSUMABLE Properties!
If the BANKS say "NO!",
if you are NEW to Canada,
if you are an INVESTOR or you had some CREDIT issues, this might be the solution for you to own a property. Give us a call and we will try to help you!
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Our modern Calgary office is now OPEN! Visit us at #231 2335 162Ave SW (in BRIDLEWOOD, close to SOBEY'S)
   We also offer COMMISSIONER FOR OATHS SERVICES (Letter of Invitation, Letter of Consent for minors travelling outside Canada, Affidavits, Declarations etc.) |
Welcome to the "Realtors with an Accent... on YOU" website!
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2009 is the year when we will celebrate 6 years in the business! We are so proud to let you know that we took our business to the next level... KALLO Real Estate Group is now an accredited member of Calgary Chamber of Commerce (www.calgarychamber.com ) and the Better Business Bureau( www.calgary.bbb.org ). Please drop by and check our ratings! We also invite you to rate our services on a Romanian website: www.raterombiz.com! As a plus, we are member of the "must have Realtor' organizations" CREB-Calgary Real Estate Board( www.creb.com), CREN- Canadian Real Esate Association (www.cren.com) as well as AREA- Alberta Real Esate Association www.area.ab.ca! We have been first-time buyers too and first time sellers as well and we clearly remember the stress and the hassle caused by trying to understand the conditions, terms and steps needed to purchase our first HOME! Or how complex the sale of our home was! This is why, at KALLO Real Estate Group we decided to offer to our clients not only 100% of our knowledge in the Calgary Real Estate market, but also advice as if they are part of our family. And our previous clients can confirm that! Kallo Real Estate GROUP would like to be an "one stop" Brokerage for our clients. We would be proud to introduce you to our everyday business partners, professionals involved in a Real Estate transaction: Mortgage Brokers, Home Inspectors, Condominium Documents Inspection Offices, Real Estate Lawyers. If you wish, you can hire you own professionals, YOU DECIDE! Would you like to sell "by owner"? For a flat fee we can assist you to write the contract. *THIS IS NOT INTENDED TO SOLICIT CLIENTS ALREADY UNDER CONTRACT WITH OTHER BROKERAGES. |
Calgary Home Sales Increase for Sixth Consecutive Month Calgary real estate shifts to a balanced market Calgary, July 2, 2009 – The number of single family homes and condos sold in June in Calgary metro are both up from the same time a year ago. MLS® sales activity of single family Calgary metro homes was 1,837 in the month of June 2009, showing an increase of 16 per cent from 1,584 sales in May 2009, according to figures released by the Calgary Real Estate Board (CREB®). This is the sixth consecutive month home sales have increased in Calgary Metro. This was an increase of 28 per cent from June 2008, when single family home sales were 1,439. The number of condominium sales for the month of June 2009 was 738, an increase of 13 per cent from the 653 condominium transactions recorded in May 2009, and an increase of 33 per cent from June 2008, when 556 condominiums changed hands. “This is the third consecutive month we are seeing our inventory return to a balanced market,” says Bonnie Wegerich, President of the Calgary Real Estate Board. “Our inventory turnover for single family homes and condos in metro Calgary is now just over two months. This is a remarkable shift from the nearly 11 months of inventory we saw in January of this year.” “A rise in demand along with fewer listings has helped bring supply in balance with demand,” says Wegerich. “Affordable prices, low interest rates and pent-up demand continue to fuel this gradual rebound. Should this trend continue, I think we can confidently say the bottom of the market has come and gone before many buyers had a chance to notice.” The average price of a single family Calgary metro home in June 2009 was $447,142, showing an increase of 2 per cent from May 2009, when the average price was $436,427, and showing a decrease of 6 per cent from June 2008, when the average price was $473,774. The average price of a Calgary metro condominium was $285,595 showing a 4 per cent increase from May 2009, when the average price was $275,212 and a decrease of 9 per cent over last year, when the average price was $315,042. Average price information can be useful in establishing trends over time, but does not indicate actual prices in centres comprised of widely divergent neighbourhoods, or account for price differentials between geographical areas. “It is not the buyer’s market we saw in January of this year. As our inventory trends lower, choice and selection will decrease. Nonetheless, there are still great opportunities out there for buyers,” says Wegerich. “The good news is pricing remains relatively affordable,” says Wegerich. “We are not liable to see significant price gains in 2009, but more likely a gradual and steady improvement in home values.” The median price of a single family Calgary metro home in June 2009 was $399,000, showing an increase of 2 per cent from May 2009, when the median price was $390,000, and down 2 per cent from June 2008, when the median price was $408,000. The median price of a condominium in June 2009 was $265,500, up 4 per cent from May 2009, when the median was $255,000, and down 6 per cent from June 2008, when the median price was $282,000. All Calgary metro MLS® statistics include properties listed and sold only within Calgary’s city limits. The median price is the price that is midway between the least expensive and most expensive home sold in an area during a given period of time. During that time, half the buyers bought homes that cost more than the median price and half bought homes for less than the median price. “We are encouraged by this upward trend in sales but there are still some economic fundamentals needed before we will see a full recovery in the housing market,” added Wegerich. “A rebound in employment and oil prices will have a significant impact on the housing market in Calgary—we expect this won’t fully take effect until the beginning of 2010.” CREB® is a professional body of 5,142 licensed brokers and registered associates, representing 256 member offices. The Board does not generate statistics or analysis of any individual member or company’s market share. All MLS® active listings for Calgary and area may be found on the Board’s website at www.creb.com SOURCE: Calgary Real Estate Board |
| First-Time Home Buyers credit - First-time home buyers who acquire a qualifying home after January 27, 2009 may be entitled to claim a new non-refundable tax credit up to $5,000 and worth up to $750 ($5,000 ? 15%).
To qualify, neither the individual nor his or her spouse or common-law partner can have owned and lived in another home in the calendar year of the new home purchase or in any of the four preceding calendar years. The credit can be claimed by either the purchaser or by his or her spouse or common-law partner.
The credit will also be available for certain home purchases by or for the benefit of an individual eligible for the disability tax credit.
Home Buyers Plan threshold increased - The budget increases the amount that first-time home buyers can withdraw tax-free from a Registered Retirement Savings Plan (RRSP) to purchase or build a new home to $25,000 (up from $20,000). The new limit applies to withdrawals made after January 27, 2009. Home Renovation tax credit - Under a new temporary renovation tax credit, home owners can claim a 15 percent non-refundable tax credit for eligible expenditures over $1,000 but not more than $10,000, for a maximum credit of $1,350 ($9,000 ? 15%). The credit is available for eligible costs of work performed or goods acquired after January 27, 2009 and before February 1, 2010 (unless the expenditure is made under an agreement in place on or before January 27, 2009).
Family members (spouses or common-law partners and their children under 18) are subject to a single limit based on their pooled expenditures. The credit is only available for a dwelling that is eligible to be the familyÕs principal residence or that of one or more of their other family members.
Expenditures will qualify for the credit if they are incurred in relation to a renovation or alteration of an eligible dwelling, provided the renovation is of an enduring nature and is integral to the dwelling. Examples include new furnaces, windows and decks. Eligible expenditures include labour costs, professional fees, building materials, fixtures, equipment rentals and permits.
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Motivational Quote of the Month: "Believe in your positive power, help people and trust your instincts... here is to the best in YOU! - Anonymus
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Come in for a free Buyer Consultation! We will help you make a plan if you are not ready yet... |
Realtors, Say Good Bye to High Fees!
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Low Monthly fees, modern office, hi-tech technology, 24/7 access to office, lots of parking, great broker support... Call for your confidential interview @ 403.613-6080 |
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Call NOW for a FREE no-obligation home evaluation! We will help you decide, with ypour best interest in mind! Please call 403.613-6080 |
Major banks are increasing rates!
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Major banks are increasing their mortgage rates! Call now a mortgage broker to hold your interest rates! Get pre-approved, not pre-qualified! IT WILL SAVE YOU LOTS OF MONEY! Good luck! |
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