Are You Ready for a New Home in the New Year?
Another great year has come to an end, and that has all of us thinking – what could possibly be in store for us in 2015? This is the time when we make goals, write lists, and look forward to hitting the ground running in a brand new year. Is buying a new home part of your list of goals for 2015? Are you trying to decide if the time is right?
Interest rates are still a great deal. The Bank of Canada hasn’t dropped any major hints for the New Year, but economists are predicting that the overnight interest rate is probably due for an increase some time in 2015. It may not be much, but even a half -percent uptick can cost you a few extra hundred dollars each month. The bank has been holding the rock bottom rate for 4 years now, and this is probably a good time to either renew your existing mortgage or lock yourself into a brand new one.
The Calgary market is still on the upswing. What a year we had in 2014! According to the Calgary Real Estate Association, prices are up 5.77% over last year, and they are showing no signs of slowing down. If you are planning on buying your first home, you may want to consider getting into the market sooner than later. If this is the right time to move up, you are probably in a great position to capitalize on the equity that you have built in your current home.
Buyers are looking for your home. Fortunately, the market has leveled out since the beginning of 2014, but active buyers are still out in full force. If you live in a desirable area, chances are, there is someone keeping their eye open for a home just like yours. Listing early will help you capitalize on the first quarter market, and put you in a great position to buy as more inventory becomes available in the spring.
Are you buying or selling a home in Calgary? Do you want an agent who has the enthusiasm and energy to get things done, with your best interests in mind at all times? Contact me at 403-617-8758, firstname.lastname@example.org or www.kellymacdonald.ca and let's make good things happen!
About Kelly Macdonald
Kelly Macdonald is a Realtor® with The Real Estate Company in Calgary, where she has been living (and loving it!) since she was 10. Kelly offers her clients a unique mix of youthful vigor, creativity and technical and design savvy on one hand, and professionalism and transactional expertise from her business degree and strong administrative background on the other. Kelly is also a devoted wife and mother of two, with whom she finds time from her busy schedule to play scrabble and walk by the beautiful lake of their home in Southeast Calgary.