Free parking

How building a garage can dramatically increase your home value

Driving has always been a way of life for Calgarians, and given the ubiquity of cars in in the city, garages are a must for almost every home.

Whether looking to build a home for the first time or renovating an old one, detached or attached garages are the options most builders choose. However, special builds also exist and can even include underground parking or tunnels, at costs upwards of $35,000 for a triple-detached unit.

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$500,000 – $750,000

Diversity and volume of home options offer something for homebuyers of every stage

There is no such thing as a “typical” home in the $500,000 to $750,000 price range in Calgary’s market today.

“It is more than a starter home, but no mansion,” said Ray Riley, a REALTOR® with RE/MAX First. “It could even be a teardown in a desirable (inner-city) neighbourhood, or a luxury apartment downtown. It just depends on what the buyer is looking for, and where.”

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Housing market deja vu in January

As expected, Calgary sales activity similar to last year

The new year opened predictably, with monthly figures close to the Januarys of the past three years.

With new mortgage rules and rates officially in effect, sales activity in January remained comparable to last year, as rising sales for attached properties were not enough to offset declines in both the apartment and detached sector.

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The big picture

Inventory increases and sales drop in September, but overall sales for the year remain higher than last year

Strong gains in the first half of 2017 have put Calgary year-to-date sales at seven per cent above last years’ levels and 11 per cent below long-term averages, but challenges remain with easing sales and rising new listings.

Inventories rose across all property types to 6,861 units, while both apartment- and attached-style properties saw the highest inventory on record for the month of September.

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