Let’s look at mistakes Calgary condo clients make with the restricted sizes of the rooms in their condos.


Mistake 1) Filling up smaller sized rooms with lots of medium  or small sized pieces of furniture. Many may even justify this act by saying that small pieces of furniture are in proportion to small rooms. However, the right strategy for smaller rooms is actually just the opposite.


Mistake 2) Never cover up windows in smaller spaces by blocking out part or all of it’s natural light. Let the lights make the room appear bigger.


Mistake 3) Don’t  go for dark colours when painting walls in small rooms. Going dark for one feature wall is OK, going dark for all the walls will make a small room look even smaller.


Mistake 4)  The big NO NO, don’t clutter rooms in confined spaces, clutter is a notorious space-eater – it eats up physical space as well as makes small rooms appear even cramped to the eyes.


Mistake 5) Never stop the flow of a room, people like to walk easily through a small room, not weave their way through furniture. Light and Space make the eye see the room as bigger than it actually is.


Mistake 6) With the right strategies, you can make compact rooms look even more impressive than large rooms. And, you can make a smaller room look impressive on a lower budget, as the amount of premium finishes and elements required to ‘fill’ a restricted space is lesser than that required for larger spaces.


We can chat with you and see it from the eye of a potential buyer 403-850-0669 - hello@mycondo4sale.com

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Condo infomation taken from the Creb Media release - December 1st 2021


Row / Townhomes

Row properties have not faced the same supply challenges as semi-detached properties so far this year. As a result, the row sector has seen the largest growth in sales, which have already surpassed the annual record high. 

Row properties often offer a more affordable alternative to detached homes for consumers who are looking for more space than an apartment condominium. Nearly 83 per cent of all sales that occurred in this sector were priced below $400,000.

While row supply levels have not been as tight as in the detached or semi-detached sectors, strong demand has caused inventories to fall. This is contributing to tighter market conditions in this segment as well. 

With less supply/demand pressures for this property type, prices have not experienced the same gains seen among detached or semi-detached homes. On a year-to-date basis, the benchmark price was six per cent higher than last year, but it remains lower than previous highs set in 2015.


Apartment Condominium

The apartment condominium sector recorded another month of strong growth, contributing to year-to-date sales of 3,834. Sales remain far from record highs, but this is still the highest level of activity seen since 2014.

Improving sales led to slightly tighter conditions in this market, but inventory levels were high relative to historical levels, making this segment an outlier compared with the other property types.

Supply challenges have not been as prevalent for apartment condominiums, so prices growth and recovery in the sector have remained far lower than the other property types. However, on a year-to-date basis, prices have improved by more than two per cent in a reversal of the steady annual decline recorded since 2015.


FULL REPORT

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Creb Condo Market News October 1st 2021

APARTMENT CONDOMINIUM

A boost in new listings this month translated into some gains in sales activity. However, with a sales-to-new-listings ratio of 58 per cent, inventories still trended up relative to the previous month and last year’s levels.


The months of supply remained just below five months in September, far lower than levels recorded last year and over the past five years. Conditions have generally been more balanced for this property type compared with other sectors, preventing strong price gains. On a year-to-date basis, citywide benchmark prices improved by nearly three per cent, but they remain over 14 per cent lower than previous highs.

TOWNHOMES / ROW CONDOS

With 318 sales this month, year-to-date sales pushed up to 3,057 units, which is 62 per cent above long-term trends and on pace to hit record levels this year. Sales have risen across every district, with the largest growth recorded in the South East district.


While new listings did improve this month, it was not enough to prevent further declines in Inventory levels. The months of supply remained relatively low at less than three months, which is well below traditional levels for this time of year. Tighter conditions have supported price growth across all districts so far in 2021. However, unlike the detached and semi-detached sectors, row prices remain below previous highs across all districts in the city.

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Row/ Townhouse Condos

After the first half of the year, row sales totalled 2,045, their highest mark since 2007. Those sales have been met with record-high new listings. This has caused inventories to trend up over recent months to levels higher than what we typically see at this time of year.


The higher inventories have not been a problem, as they’ve been balanced by strong sales. The month of supply remains below three months and this sector continues to favour the seller. Recent gains in the months of supply are helping the market move toward more balanced conditions, but it is too soon to see the shift impact pricing.


In June, citywide row prices totalled $299,300, one per cent higher than last month and nine per cent higher than last year’s levels. Prices have improved across most districts, but they remain well below previous highs.


Apartment Condominium

Recent price gains have encouraged more people to sell their condominiums this year, causing both new listings and overall inventories to increase relative to the previous year. At the same time, relative affordability has supported sales totals that have improved from the exceptionally low levels recorded over the previous six years.


The result has been inventories that remain elevated compared to historical levels, but strong sales have helped bring the months of supply down to levels more consistent with balanced market conditions.


The balanced conditions have been supporting some price recovery in the market. Prices have trended up over the first half of the year and on a year-to-date basis they currently sit nearly three per cent higher than last year.


Prices have risen across all districts, but the largest price gain occurred in the West district. However, overall, prices remain nearly 15 per cent below previous highs.

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Row Condos

After the first four months of the year, row sales totalled 1,217 units. This the best start to the year since 2007, and well above long-term averages.


New listings in this sector have also been on the rise, causing inventories to trend up. Supply has risen above levels recorded last April, but strong sales compared to inventory levels have caused the months of supply to remain just above two months. This is significantly lower than the longer-term average, which is closer to four months.


While these conditions have only persisted over the past three months, prices have been slower to climb. As of April, row benchmark prices climbed to $293,400. Prices have been trending up across all districts of the city, but they remain well below previous highs.


Apartment Condos

Further improvements in April resulted in 1,280 year-to-date sales in this sector, which is the strongest sales seen over the past six years.


New listings also remained high compared to typical levels and inventories continued to rise. There was more inventory in the market, but the improvement in sales did cause further reductions in the months of supply.


In April, the months of supply was just over four months. This is fairly consistent with longer-term trends and reflects the most balanced conditions seen for some time. With less oversupply in the market, prices have been trending up and in April the benchmark price was $251,900. This is more than three per cent higher than last year.


Price improvements did vary by location and it will take some time for prices to recover to previous highs.


For example, there was a two per cent year-over-year increase in the City Centre, where most of the condo sales occur, but prices remain nearly 17 per cent lower than previous highs.


FULL CREB REPORT - MAY 3

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Condo living in Calgary is for the buyer on a limited budget or just wants to be in the centre of everything. There are many common misconceptions about owning a condo such as big condo fees and rules that determine what you can or can't-do. Condos are sometimes overlooked by potential buyers who would probably love to live in one. 


On mycondo4sale.com we have a large selection of Condo's available by Area and Price. There are many benefits and conveniences that come along with living in a condo instead of a house.



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Living in a Calgary Condo is a different  lifestyle, so there are a lot of things to think about.


Make sure it will work for you, and the Document Review stage in the Condition Period make sure you know the by-laws and pet restrictions. Perhaps, if you have no car but the unit has a parking spot, can you rent it to someone in the building who needs two spots.  Here are 10 points to consider.


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A slew of changes affecting the way developers handle purchase agreements, trust funds and much more took effect due to the passage of the Condominium Property Amendment Act and supporting regulations. These changes were introduced to tackle numerous issues faced by new condominium buyers, one of which was developers going bankrupt without adequate protection of the purchasers’ deposit...


FULL ARTICLE - KHEMKA LAW

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  1. The First thing is the First-Aid Kit – Very easy to not think about- until you need it! 
  2. Throw out old cosmetics and beauty products, your beatiful enough!.
  3. Wash curtains and dust the blinds.
  4. Clean all tile areas.
  5. Fix any grout
  6. Put the vacum on the extractor fans & wipe after
  7. Wipe the light fittings and switches.
  8. Wash out the trash can after emptying
  9. Put a paper bag in it for the waste
  10. Put some "White Magic" down the plug drains to remove hair and stop them clogging up - This is a GREAT made in Calgary product.
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