Economic challenges to affect Calgary’s housing market in 2019


The challenging economic climate in Calgary is expected to persist into 2019.


Easing global oil prices, concerns regarding market access and easing investment activity are weighing on the energy sector and are expected to slow growth prospects in the province this year.


"Slowing growth, weak job prospects and lack of confidence are all factors that are contributing to the expected easing in sales activity this year," said Ann-Marie Lurie, CREB® Chief Economist.


"At the same time, our market continues to struggle with high inventory levels and further potential rate hikes, all of which is expected to cause additional price declines this year."


There are signs that supply in the market is starting to adjust to slower sales, but the pace of adjustment is expected to be slow. Overall, it will help reduce some oversupply in the market and put the industry in a more stable position by 2020.


Buyers' market conditions are expected to persist throughout most of the year, impacting prices across all property types. However, the pace of decline is expected to ease by the end of the year, as concerns over the economy ease. 

While further easing in the housing market is expected, this will not likely be the case for all price ranges, as demand for affordable product is expected to continue to improve, given shifts in lending requirements and adjustments in expectations.


"In this market, buyers have the advantage of choice. A REALTOR® can help buyers find a home that best fits their lifestyle," said Alan Tennant, CREB® CEO.


"For home sellers, knowing all the data and facts surrounding their home is critical to maximize their selling price. Working with a real estate professional can take the guess work out of the process."

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Please visit our Open House at 216 CRYSTAL GREEN PL in Okotoks.
Open House on Sunday, January 27, 2019 1:00PM - 3:00PM
Open the door to your new home! This fully finished 2 storey home is located close to schools, parks, playgrounds, golf, dining & more, plus resides in Okotoks’ only lake community, Crystal Green! The main floor flows over hardwood & tile floors and offers flex space at the front of the home - ideal for a home office or playroom, a stunning kitchen with stainless steel appliances, dining nook, living room with a 3-way gas fireplace, mud/laundry room & more. Access the rear deck from the dining nook & enjoy the large rear deck. Upstairs you will find a bonus room with vaulted ceiling, 4 big bedrooms including the master suite & a family 4 pc bath. The master bedroom boasts a 5 pc ensuite with a corner soaker tub, dual vanities & a stand-alone shower. The basement is fully finished with a large family room with a gas fireplace & wet bar, a 4th bedroom & 4 pc bath. Outside you will find a double attached front garage, mature trees & a large rear deck overlooking the backyard.
 
Contact our Okotoks & Calgary Real Estate Team to find out how we are selling homes FAST & for top dollar! 
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Buyers and sellers often have questions come to mind as they are looking at homes online. To help provide a quick response to your questions we have installed a LIVE CHAT tool directly on our website!


This means you will be connected with our of our experienced Magnussen Real Estate Team members - professional Remax Realtors - who can provide information on homes currently listed for sale, answer your questions about buying or selling a home, Okotoks or Calgary & other areas' market info and more! 


Check it out today... click on the icon in the lower right-hand corner of your screen and say HELLO!!! 


Always putting you first ;-)

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Please visit our Open House at 330 CIMARRON VISTA WY in Okotoks.
Open House on Saturday, January 19, 2019 1:00PM - 3:00PM
This inviting 2 story home has an open concept main living space, 3 + 1 bedrooms, a fully finished basement & more! The open layout allows the living room, kitchen & dining nook to flow together. The comfortable living room boasts a gas fireplace surrounded by stone, overlooking the rear deck & yard. The elegant kitchen offers stainless steel appliances, plenty of cabinets, large central island, spacious corner pantry and more! The main floor is completed by a half bath & a flex room off of the front entrance, which is ideal for a home office or playroom. Upstairs you will find a 4 pc bath & 3 spacious bedrooms including the master suite which offers the convenience of a walk-in closet & ensuite. The basement is fully finished with a family room, 1 additional bedroom, a 4 pc bath & laundry/storage room and water softener, almost a necessity in Okotoks . Outside you will find a rear deck and fenced yard with a 2 car parking pad. Close to dining, shopping, parks, and playgrounds in beautiful Cimarron!
 
Contact our Okotoks & Calgary Real Estate Team to find out how we are selling homes FAST & for top dollar! 
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Our REMAX Realtors with "The Jay Magnussen Real Estate Team" have SOLD a property at 12 SPRING HAVEN RD SE in Airdrie.
INCREDIBLE VALUE! Why rent when here is the perfect opportunity to own your own home at an affordable price?! This home has been updated with laminate flooring, modern light fixtures & a large addition giving you even more living space! The main living space features an open concept layout, allowing the living room, dining nook & kitchen to flow together. The kitchen offers stainless steel appliances, two-tone cabinets, a raised breakfast bar & more. Access the rear deck off of the bright & sunny dining nook. The home is completed by 3 bedrooms, a 4 piece bath/laundry combo & an additional living room. Outside you will find 2 storage sheds in the large fenced yard backing onto a path & greenspace, a covered gravel parking pad with enough room to park 4 vehicles, a beautiful apple tree & more. Ideally located walking distance to off-leash dog park, an elementary school, playgrounds, parks, walking distance to recreation center & more.
 
CONTACT US today for details on how we are SELLING homes fast & for the most money! 
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TAX-FREE... who doesn't love hearing those 2 words?! 

If you haven’t purchased a home within the last four years (or lived in a spouse’s home in the same timeframe), you may qualify for the government’s RRSP Home Buyer’s Plan. With this plan, you may borrow up to $25,000 tax-free from your RRSP to fund your down payment. Just keep in mind that the money must be in your RRSP at least 90 days before the purchase of your house - so plan ahead! 


The First Time Home Buyer’s Plan is advantageous for Canadians because generally speaking, early withdrawals from RRSPs are considered taxable income. In this case, they’re exempt but you must start repaying the amount borrowed from the RRSP two years after you buy over a 15-year period.


CLICK HERE FOR MORE INFO


After all, it is currently a buyer market in Calgary and Okotoks! If you're thinking about buying a home in Calgary, Okotoks or the surrounding areas reach out and find out how we can help you through the process of finding your first home! 


The best time to buy a home was 10 years ago.

The second best time is now!

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The Magnussen Real Estate Team" have listed a new property at 330 CIMARRON VISTA WY in Okotoks.
This inviting 2 story home has an open concept main living space, 3 + 1 bedrooms, a fully finished basement & more! The open layout allows the living room, kitchen & dining nook to flow together. The comfortable living room boasts a gas fireplace surrounded by stone, overlooking the rear deck & yard. The elegant kitchen offers stainless steel appliances, plenty of cabinets, large central island, spacious corner pantry and more! The main floor is completed by a half bath & a flex room off of the front entrance, which is ideal for a home office or playroom. Upstairs you will find a 4 pc bath & 3 spacious bedrooms including the master suite which offers the convenience of a walk-in closet & ensuite. The basement is fully finished with a family room, 1 additional bedroom, a 4 pc bath & laundry/storage room and water softener, almost a necessity in Okotoks . Outside you will find a rear deck and fenced yard with a 2 car parking pad. Close to dining, shopping, parks, and playgrounds in beautiful Cimarron!
 
Contact us for more information. 
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The Magnussen Real Estate Team" have listed a new property at 216 216 CRYSTAL GREEN PL in Okotoks.
Open the door to your new home! This fully finished 2 storey home is located close to schools, parks, playgrounds, golf, dining & more, plus resides in Okotoks’ only lake community, Crystal Green! The main floor flows over hardwood & tile floors and offers flex space at the front of the home - ideal for a home office or playroom, a stunning kitchen with stainless steel appliances, dining nook, living room with a 3-way gas fireplace, mud/laundry room & more. Access the rear deck from the dining nook & enjoy the large rear deck. Upstairs you will find a bonus room with vaulted ceiling, 4 big bedrooms including the master suite & a family 4 pc bath. The master bedroom boasts a 5 pc ensuite with a corner soaker tub, dual vanities & a stand-alone shower. The basement is fully finished with a large family room with a gas fireplace & wet bar, a 4th bedroom & 4 pc bath. Outside you will find a double attached front garage, mature trees & a large rear deck overlooking the backyard.
 
Contact us for more information. 
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