Building home equity

A long-time renter transitions into home ownership and begins building tax-free capital gains

Nathan Magee knows a thing or two about renting. Since moving to Calgary in 1999, he has rented apartments, duplexes, houses and rooms in neighbourhoods as disparate as Bridlewood, Marda Loop, Forest Lawn and downtown.

Magee rented for 14 years in Calgary before deciding it was time to buy in 2013.

“What really pushed my wife and I over the edge was a combination of things. We were renting a house in Marda Loop at the time and the place got broken into four times. Plus, the rent was going up to $2,000 a month. That’s when we thought, ‘Let’s get out of here and look at buying,’” recalled Magee.

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Saying goodbye to rent

Making the transition from renting to buying is a lot about finding the right location with inventory that fits your budget

As a single female with a career in the arts, Jamie Dunsdon wasn’t sure she could even qualify for a mortgage to enter the property-purchasing arena.

“I was afraid the only thing I could afford was something terrible,” said Dunsdon, who is the artistic director with Verb Theatre.

After nine years of renting in Calgary, Dunsdon says she had enough of renting at high prices and hopped in the market last summer. As with all folks who are looking to purchase a property, location and budget were a major part of her decision.

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Future ready

milesStaying one step ahead of the consumer technology bubble

“Everything you see here today will be totally obsolete in four years.”

Those words of wisdom came from Bill Gates, spoken to Alberta-based technology commentator Steve Makris just before Gates stepped down as CEO of Microsoft.

“Count on everything changing every few years,” said Makris, whose reviews and analysis of consumer technology can be found in Postmedia newspapers, on Global TV and at techuntangled.ca.

“The cycle of technology, even smart technology, arriving to consumers and disappearing altogether is getting shorter.”

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How to pick a REALTOR®

Eighteen questions you should ask a Realtor before hiring

Buying or selling a home is likely the biggest transaction people will make in their lives.

For example, the average MLS® System sale price in Calgary, as of the end of April, was close to half a million dollars.

Whether you’re a buyer or a seller, finding the right REALTOR® can be a daunting task. There are many to choose from; CREB® has more than 5,400 registered Realtors serving Calgary and surrounding areas. It’s important to select a Realtor who can meet your needs, especially when you consider the stakes.

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Calgary Interior Design Photos - Brian Beck Home

Persistence pays off

How a massive flood couldn’t stop Brian Beck’s vision of a Frank Lloyd Wright-inspired inner-city home

Twelve years ago, Brian Beck, wife Lynne Rennie and two-and-a-half-year-old daughter Kate, jumped into their newly acquired airstream trailer and hit the road for three months.

With no real itinerary, only the desire to travel south in advance of winter, the family stopped at the Frank Lloyd Wright (FLW) Fallingwater house, built in the 1930s over a waterfall in southwest Pennsylvania.

That stop led the Calgary corporate lawyer – now president of Cococo Chocolatiers with Chocolaterie Bernard Callebaut stores across Canada – to nine other FLW sites during those travels.

This began a journey transforming the couple’s original 1,340-square-foot, 1950s Bridgeland bungalow into an homage to the brilliant Wright, who designed more than 1,000 structures over a 70-year span.

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