Luxury real estate remains one of the most dynamic, if not the most dynamic market in Calgary’s real estate in 2024 due to the sound economic performance, immigration from other provinces, and immigration from other countries. Today’s clients and speculators of luxury homes, property investors and realtors are keen to take advantage of this trend. As with the available luxury houses, estates and apartments that boast of these features and ideally located, the market can be best managed by a realtor. If you are thinking of buying or investing in a luxury home in Calgary, below are the top ten questions you need to ask your Realtor.

What are Current Trends of the Luxury Homes Market in Calgary?

Calgary experienced high growth in luxury home, specifically for the year the luxury home sales were up by 39% as compared to the previous year. High end consumers are looking at contemporary architectural designs such as the “Modern Prairie Designs ” and efficient energy systems. Modern minimalist houses that may incorporate the use of traditional styles with the modern house styles are particularly favorable and are preferred in areas such as Mount Royal and Aspen Woods.

Where Are The Best Places To Invest In Luxury Homes?

Desirable luxury locations in the Calgary area may consist of, western/north west part of Calgary (Aspen Woods, Springbank Hill), ‘Inner Calgary’ (Mount Royal, Elbow Park) and lastly; the scenic slopes and views of the Rockies (living on the edge). Convenience such as; being close to good schools, beautiful mountain side views, and privacy is unique in each neighborhood.

What Should Be the Special Attributes of Luxury Houses?

Today’s buyers are more conscious about such factors as geothermal heating, buyers of the solar panel and LEED certification. Also, smart home features like sophisticated security measures, often supplemented with wellness features and home fitness spaces including yoga studio and chef’s kitchen, home theaters or heating patios, etc are trending.

What Particular Benefits Can An Experienced Realtor Offer Me During the Acquisition Process?

With such recommendations and contacts, an experienced real estate agent such as Abid Jahangir can offer insights into properties that are not available in the market, and then buy them at the best price provided by his advanced knowledge of the market. Real estate agents fully informed of the high end properties market in Calgary can also help with complicated sales and recommend reliable contractors and lawyers.

Possible Issues in The Luxury market environment What Are Some Potential Challenges in the Luxury Market?

One of the most compelling issues in the luxury Calgary markets is the issue of the relative exclusivity of properties and sustainability. Secondly, the intense competition for affordable priced home particularly in the price bracket of $1m to $3m makes it crucial for a property developer to acquire and employ the service of a skilled and well connected agent​.

What Trends Identified by the Current Economic Environment Have Affected the Luxury Housing Market?

Overall, luxury home market in Calgary still remains buoyant, and this is evident by the fact that in the first half of 2024, sales of luxury homes increased by 46%. A large number of inter-provincial migrants and a vibrant local economy in the city of Calgary has attributed to have ranked the city among top performers in the luxury property market in Canada​.

A brief on what I need to know about future outlook of luxury market in Calgary

Luxury is expected to hit the roof in the 2024 due to relative softness and impressive appeal to finer things that are now affordable. Although the $4 million-plus market is less saturated, this market has grown by 75% over last year. This trend is likely to continue, especially if interest rates stabilise Once again, this report has presented the analysis with good evidence of this trend continuing in the future.

Tiny Expenses Which Go Beyond the Purchase Price

However, before buying a luxury home there are other expenses such as taxes, maintenance, and other costs that may be incurred and modification to meet the specific needs of the owner. A professional agent will assist in the determination of these costs and refer you to a professional service provider.

What Makes Calgary’s Luxury Market Different than Toronto or Vancouver?

These services put Calgary in a interesting position compared to other large cities in terms of cost and quality. As mentioned above, it is much easier to attain luxury property in Edmonton than Toronto or Vancouver for much lower ticket, however, that comes with benefits of having more spacious lots, views, nature which is very important for luxury buyers.

How Should I Prepare When I Want to Buy a Luxury Home?

First of all, apply for credit check and establish what is important to you (area, building design, etc.). Build a strong relationship with an agent who has focus on this type of homes and make sure that you are updated in the new listings within the Calgary market that fit your preferences.

The luxury property market in Calgary is one that involves specific questions and a realtor who specializes in luxury homes. With help of current trends analysis, top neighborhoods discussion and determining the obligatory characteristics the buyer can be sure that it makes a right decision. For current trends on the currency when it comes to luxury homes in Calgary, it is best to consult with those who know the market best like Abid Jahangir. If you are looking to learn more about luxury homes for sale in Calgary, please feel free to contact Abid Jahangir at Get Calgary Realty for more information and to receive detailed access to Calgary’s elite home market.

(ROSS magazine)​(Daily Hive Van)

That is why this guide to Calgary’s foreclosure process and its implications for real estate listings is designed to explain to buyers and investors what they can do. To help I have included links below if you are interested to know how to search and buy a foreclosed home.

Foreclosure Process Explained: A Case of Calgary

A foreclosure is a process where the owner of the house fails to pay the agreed amount of money to the lender and the lender takes the law into his hands to seize the house. In Calgary there are strictly legal procedures that it has to follow hence the reason they list the home for sale, normally selling at a cheaper price as compared to the current market price hence making it a good buying bargain.

Here’s a breakdown of the key stages in the foreclosure process:

1. Default:

   The owner of the home is unable to pay his or her mortgage hitherto a certain duration.

2. Notice of Default:

   The lender sends the borrower a notice of delinquencies and possible foreclosure of the property she or he has financed.

3. Court Filing:

   In case of no payments, the lender takes the borrower to court to offer a foreclosure lawsuit.

4. Judgment:

   In case the ruling goes to the lender’s favor, the court gives a judgment, which permits the lender to sell the property.

5. Listing the Property:

   The foreclosed home is sold in the market by the lenders and this most times will be cheaper to enable the lenders recover their lost amount.

How to Spot Foreclosed Homes for Sale in Calgary

Finding foreclosed homes can be a bit tricky, as they’re not always listed in the same manner as traditional homes. However, with the right resources and strategies, you can identify these properties and take advantage of the opportunity.

1. Work with a Real Estate Agent

Partnering with an experienced real estate agent who specializes in foreclosures can give you access to exclusive listings and help navigate the legal complexities of buying a foreclosed property.

2. Search Online Real Estate Platforms

Websites like Realtor.ca and local Calgary listing sites like getcalgaryrealty.com often feature foreclosed homes. Use filters to narrow down your search to distressed or foreclosed properties.

3. Attend Court Auctions

Some foreclosed homes are sold through public auctions. Keep an eye on announcements for upcoming court auctions in Calgary, where you can find properties that are often listed below market value.

4. Check Bank and Lender Websites

Banks and mortgage lenders frequently list foreclosed homes on their websites. Scanning these listings can lead to finding properties not yet widely advertised on the market.

5. Monitor Public Notices

Foreclosures are legal proceedings, so public records are available. Keep an eye on public notices in local newspapers or online resources that publish foreclosure notices.

How to Purchase a Foreclosed Home in Calgary

Once you've identified a foreclosed property, it’s important to follow the right steps to ensure a smooth buying process:

1. Secure Financing

Foreclosed homes often require buyers to have pre-approved financing in place. If you’re paying with a mortgage, ensure your lender is familiar with foreclosure transactions.

2. Conduct a Thorough Property Inspection

Foreclosed homes are sold "as-is," meaning any repairs or issues will be your responsibility. Hiring a qualified home inspector can help you understand the true condition of the property before committing.

3. Make a Competitive Offer

Foreclosed homes may attract multiple offers, especially if priced below market value. Work with your agent to make a competitive offer that aligns with your budget and the property’s condition.

4. Understand Legal Obligations

Foreclosed property purchases involve legal procedures that can be more complex than traditional sales. Ensure you have legal representation to handle paperwork, title transfers, and any potential complications.

5. Close the Deal

After your offer is accepted, you’ll need to go through the standard closing process, which includes finalizing your financing, signing contracts, and transferring ownership.

Common Question: How Do I Identify and Purchase a Foreclosed Home?

Answer: To identify a foreclosed home, you can work with a specialized real estate agent, search online listings, attend auctions, or monitor bank websites and public notices. Once you’ve found a property, secure financing, conduct an inspection, make a competitive offer, and ensure legal compliance throughout the purchase process. With the right approach, purchasing a foreclosed home can be a great investment opportunity.

Foreclosed homes in Calgary can provide buyers and investors with opportunities to acquire property at lower prices, but it's essential to understand the process and legalities involved. Whether you’re looking for your first home or an investment property, knowing how to navigate the foreclosure market can lead to significant benefits.

Are you ready to explore the market for foreclosed homes in Calgary? Contact us today to learn more about available properties and how we can assist you in finding your next home or investment opportunity!

Calgary is a vibrant, growing city with a variety of neighborhoods suited for every lifestyle. For first-time homebuyers, navigating Calgary’s real estate market can feel overwhelming, but it doesn’t have to be. This guide will introduce you to the top communities in Calgary for first-time homebuyers, where affordability meets convenience, making it easier to find the perfect home to suit your needs.

Whether you’re searching for a community with great amenities, proximity to downtown, or family-friendly spaces, Calgary has plenty to offer. Let’s explore some of the best communities for first-time homebuyers and answer common questions about purchasing your first home in Calgary.

Why Choose Calgary for Your First Home?

Before diving into specific communities, it’s important to understand why Calgary is a great choice for first-time homebuyers:

• Affordable housing: Calgary remains one of the more affordable major cities in Canada, with many communities offering reasonably priced homes.

• Strong job market: With its growing economy, Calgary provides ample job opportunities across various sectors.

• Great amenities: From parks and schools to shopping centers and recreational facilities, Calgary communities are well-equipped to provide a high quality of life.

• Proximity to nature: Located near the Rocky Mountains, Calgary is perfect for outdoor enthusiasts, offering year-round activities.

Now, let’s look at the top communities in Calgary where first-time homebuyers can find their dream homes.

1. Evanston: A Family-Friendly Haven

Why Evanston is Ideal for First-Time Homebuyers

Located in the northwest quadrant of Calgary, Evanston is a rapidly growing suburban community known for its family-friendly atmosphere. It offers a great mix of single-family homes and townhouses, making it an excellent choice for first-time buyers looking for affordability and space.

• Average Home Price: Evanston offers homes starting at around $400,000 for townhouses and $500,000 for single-family homes, making it affordable compared to other Calgary communities.

• Amenities: With multiple schools, parks, and shopping centers like Evanston Towne Centre, everything you need is within reach.

• Proximity to Nature: Evanston boasts many green spaces and walking trails, perfect for families who enjoy outdoor activities.

Common Question: “Is Evanston a good community for young families?”

Yes! Evanston is known for its family-friendly atmosphere, with great schools, parks, and quiet streets that make it ideal for raising children.

2. Seton: The New Urban Lifestyle

Why Seton is Ideal for First-Time Homebuyers

Located in the southeast of Calgary, Seton is a master-planned community that combines the best of urban living with suburban comfort. It’s a newer community, making it a hotspot for first-time buyers looking for modern homes and a convenient lifestyle.

• Average Home Price: Townhomes in Seton start around $350,000, while single-family homes begin around $450,000, making it a cost-effective option for buyers.

• Amenities: Seton is home to the South Health Campus, a large hospital, and numerous shopping and dining options. The Seton Urban District offers all the amenities you’d expect in a downtown area, but with the quiet and safety of the suburbs.

• Public Transit: Seton is well-connected to Calgary’s public transit system, making it a convenient choice for commuters.

Common Question: “Is Seton a good investment for the future?”

Absolutely! As a newer, developing area, Seton’s modern amenities and proximity to major infrastructure make it a solid investment with the potential for future growth.

3. Copperfield: Affordable and Accessible

Why Copperfield is Ideal for First-Time Homebuyers

Copperfield is another popular option in Calgary’s southeast. Known for its affordable home prices and friendly community, Copperfield is a perfect fit for first-time homebuyers looking to enter the market without breaking the bank.

• Average Home Price: Homes in Copperfield are very affordable, with townhomes starting around $300,000 and single-family homes priced around $450,000.

• Amenities: Copperfield features plenty of parks, playgrounds, and pathways. It’s also located near major shopping hubs, such as 130th Avenue SE, where you’ll find everything from groceries to restaurants.

• Schools and Community: Copperfield has several schools, making it ideal for young families.

Common Question: “Is Copperfield a good place for families with young children?”

Yes! With excellent schools, parks, and playgrounds, Copperfield is perfect for families looking for an affordable, safe neighborhood to raise their kids.

4. Legacy: A Quiet Community with Growth Potential

Why Legacy is Ideal for First-Time Homebuyers

Legacy is a peaceful community located in Calgary’s southern quadrant, offering a mix of single-family homes and townhouses. It’s an ideal option for first-time buyers seeking a quiet, affordable area with long-term growth potential.

• Average Home Price: Townhouses in Legacy start around $320,000, and single-family homes are priced at approximately $480,000.

• Amenities: Legacy has an abundance of green spaces, parks, and walking trails, making it perfect for outdoor enthusiasts. It’s also close to shopping centers and restaurants in nearby Shawnessy.

• Future Growth: As a developing community, Legacy promises plenty of future growth and real estate appreciation, making it a solid investment for first-time buyers.

Common Question: “Is Legacy a good place to invest in real estate?”

Yes! As a newer community with ongoing development, Legacy offers great potential for future growth, making it an excellent investment for first-time homebuyers.

5. Skyview Ranch: Affordable Living with Great Connectivity

Why Skyview Ranch is Ideal for First-Time Homebuyers

Located in Calgary’s northeast, Skyview Ranch is an affordable and well-connected community. It’s perfect for first-time buyers looking for budget-friendly homes without compromising on accessibility or amenities.

• Average Home Price: Skyview Ranch is one of the more affordable options in Calgary, with townhomes starting around $280,000 and single-family homes around $430,000.

• Proximity to the Airport: For frequent travelers or those working near Calgary International Airport, Skyview Ranch is conveniently located just minutes away.

• Public Transit and Highways: Skyview Ranch offers excellent access to public transit and major highways, making commuting to downtown Calgary or other parts of the city easy.

Common Question: “Is Skyview Ranch a good option for commuters?”

Yes! With its proximity to major highways and public transit routes, Skyview Ranch is a great community for first-time homebuyers who commute for work.

6. Walden: Modern Living with Nature at Your Doorstep

Why Walden is Ideal for First-Time Homebuyers

Walden is a vibrant and modern community located in Calgary’s southeast. Known for its contemporary home designs and green spaces, Walden is ideal for buyers looking for a blend of urban convenience and nature.

• Average Home Price: Townhomes in Walden start around $350,000, and single-family homes range from $450,000 to $550,000.

• Amenities: Walden boasts a range of amenities, including shopping, dining, parks, and access to Fish Creek Park. It’s an ideal neighborhood for those who enjoy outdoor activities while still being close to the city.

• Community Vibe: With its modern design and young population, Walden offers a dynamic and fresh community vibe.

Common Question: “Is Walden a good place for nature lovers?”

Yes! With its proximity to Fish Creek Park and numerous green spaces, Walden is perfect for first-time homebuyers who want to stay connected with nature.

Ready to Find Your Dream Home in Calgary?

Choosing the right community is one of the most important steps when buying your first home, and Calgary offers a wide variety of neighborhoods that cater to different lifestyles and budgets. Whether you’re looking for family-friendly communities like Evanston and Copperfield or more modern, urban living in Seton or Walden, Calgary has something for every first-time homebuyer.

If you’re ready to start your home-buying journey, contact us today for expert advice on finding the perfect community and home in Calgary. Our team is here to guide you every step of the way and answer all your questions about buying your first home in this vibrant city!

The Calgary real estate market is dynamic, fast-paced, and can sometimes feel overwhelming, especially for first-time buyers or sellers. With fluctuating interest rates, evolving neighborhoods, and high competition for properties, navigating this market on your own can be challenging. That’s where real estate agents in Calgary come in.

Working with an experienced realtor is not just about having someone handle paperwork; it's about gaining a true competitive advantage. From their insider knowledge of the local market to their negotiation expertise, real estate agents in Calgary provide invaluable support to both buyers and sellers. Let’s explore why partnering with a real estate professional gives you an edge.

1. In-Depth Local Knowledge of Calgary’s Real Estate Market

One of the biggest advantages of working with real estate agents in Calgary is their deep understanding of the local market. Calgary is a diverse city with a wide range of neighborhoods, each offering something different. Whether you’re looking for a family-friendly community, a trendy downtown condo, or an investment property in a growth area, a local real estate agent knows where to focus.

For buyers, agents can recommend areas that suit your needs and budget. They’ll know which neighborhoods are on the rise, where schools and amenities are, and where you can get the most value for your money. For sellers, they understand the nuances of pricing strategies in each community and know how to position your home to attract the right buyers.

2. Access to Exclusive Listings and Off-Market Properties

Many real estate agents in Calgary have access to exclusive listings and off-market properties that aren’t publicly advertised. This can be a game-changer, especially in a competitive market where homes are selling quickly.

Buyers who work with a top real estate agent are often the first to know about these properties, giving them a head start. Sellers, on the other hand, can leverage their agent’s network to find motivated buyers who are ready to make a serious offer. This kind of access gives you a major advantage over those trying to navigate the market on their own.

3. Expert Negotiation Skills

Buying or selling a home is one of the largest financial transactions most people will ever make, and getting the best possible deal requires skilled negotiation. Real estate agents in Calgary have honed their negotiation skills through years of experience and numerous transactions.

Whether you’re a buyer trying to get the lowest price possible or a seller looking to maximize your return, an experienced agent will negotiate on your behalf to ensure your interests are protected. They know how to handle multiple offers, counteroffers, and other tricky situations that can arise during the home buying or selling process.

In a market as competitive as Calgary’s, this expertise can make a big difference in the final outcome of your transaction.

4. Understanding of Legal and Regulatory Aspects

Navigating the legal and regulatory aspects of real estate transactions can be complex, especially if you’re unfamiliar with the process. Real estate agents in Calgary are well-versed in all the legal requirements and paperwork involved in buying or selling a home.

They’ll ensure that every detail is handled correctly, from preparing contracts to managing closing paperwork. This reduces the risk of errors, delays, or costly legal disputes. For both buyers and sellers, having a professional guide you through the process gives peace of mind and helps ensure a smooth transaction.

5. Strategic Marketing and Selling Techniques for Sellers

For sellers, a major advantage of working with real estate agents in Calgary is their ability to market your home effectively. A good agent will create a customized marketing plan that includes professional photography, virtual tours, online listings, and social media promotion to get your home in front of the right buyers.

Agents also have access to their brokerage’s network, meaning they can promote your home to other agents and their clients, which increases your exposure. This level of marketing is difficult to achieve on your own and can make all the difference in how quickly and at what price your home sells.

6. Time-Saving and Stress Reduction

Navigating the real estate process, whether buying or selling, can be time-consuming and stressful. Without professional guidance, you may spend hours searching for properties, preparing your home for sale, or dealing with complicated paperwork.

Real estate agents in Calgary take the burden off your shoulders. They do the heavy lifting, from scheduling showings and handling negotiations to ensuring all legal documents are in order. This allows you to focus on your day-to-day life while knowing that your transaction is being handled by a trusted expert.

7. A Personalized Approach Tailored to Your Needs

No two real estate transactions are alike. Real estate agents in Calgary understand this and will tailor their approach to meet your unique needs and goals. Whether you’re looking to buy your first home, upgrade to a larger property, or downsize, a good agent will create a personalized strategy that works for you.

For buyers, this could mean identifying properties that match your criteria and helping you through the financing process. For sellers, it could mean finding the right buyer who appreciates the value of your home and ensuring a smooth closing process.

8. Long-Term Relationships and Continued Support

When you work with real estate agents in Calgary, you’re not just getting help with one transaction. Many agents build long-term relationships with their clients, offering continued support and advice even after the deal is done.

Whether you have questions about the market, are looking for recommendations for home repairs, or are considering an investment property down the road, your real estate agent can be a valuable resource for years to come.

Conclusion

The Calgary real estate market is competitive, but working with an experienced real estate agent gives you the advantage you need. From expert market knowledge and negotiation skills to exclusive listings and personalized service, real estate agents in Calgary provide the tools and resources that ensure success in your real estate journey. Whether you’re buying, selling, or investing, having the right professional by your side can make all the difference in achieving your real estate goals.