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Real Estate Blog

Calgary Property Tax Assessment Notice 2018

The City of Calgary has released the 2018 property assessments for residential and non-residential buildings. The city assessed the median value for stand alone houses at $480,000, up from $460,000 in 2017. However, for condominiums, the median assessed value was $260,000 down from $270,000 in 2017. This was attributed to the fact that there is a growing supply of condominiums in Calgary. Overall, residential values had an increase of two percent in 2018.

“While overall residential values experienced an increase of two per cent for 2018, single-residential homes were generally higher, with condominiums experiencing a slight decrease in value for 2018,” said Harvey Fairfield, acting director of city assessment.

Calgary's Economic Recovery

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Buying a Calgary Home in Winter

While Calgarians are busy decking the halls, it may be the perfect time to start shopping for a home. The Calgary real estate market is typically softer in the Winter as sellers prefer to list their home in the Spring. Sellers in December, however, are often more motivated to sell. As a homebuyer, take advantage of the urgency and unseasonably warm Winter weather this year to  start searching for a home. With stricter mortgage rules looming in the New Year, December offers additional opportunities for the Calgary homebuyer to get more for their money in 2017. Here’s our top 3 reasons to buy a house in Calgary this December! 

 1. New Mortgage Lending Rules

The Office of the Superintendent of Financial Institutions has established new mortgage

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