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Elite Real Estate Blog

(Estimated reading time: ~4 minutes)

Picture this:

A nice young couple falls in love with an awesome character house. It's a “century home”, originally built at the start of the last century, in one of Calgary’s oldest neighbourhoods – a great little starter home for them. This century home has been “fully updated and renovated” by the current owner, who is selling the house himself.

Utterly smitten with this cute little house, they decide to buy it.

Then, shortly after moving in, they learn they’re expecting their first child… Times 2! (That’s right – twins.)

But guess what! They soon learn that the charming little century home they just bought has a very serious problem – the original dirt basement was never, ever properly renovated.

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Once upon a time, it was considered a desperate move to list a home for sale during the holiday season, both in the Calgary real estate market and anywhere else. The thinking was that only “truly motivated” sellers kept their homes on the market over the festive season. Likewise, only the most interested buyers would take time out to go and view a property.

And this made good sense, way back when. After all, who wants to trudge through the snow and cold to go view a property? On the flip side, why would you want strangers traipsing through your home at such a busy and stressful time of year?

But That, ‘twas Then…

Luckily, all that’s changed thanks to 21st century technology. No longer do prospective home buyers need to take time to go and

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Income Property in Calgary: What You Need to Know – Part 3

(Estimated reading time: ~6 minutes)

In our last blog post, we discussed 4 key considerations for income property investments in the Calgary real estate market. This blog post expands on one of those 4 key considerations – the ongoing costs that you need to consider before deciding to take the plunge and purchase a rental income property.

Cartoon character smiling while working on a calculator and crunching numbers.

With Reward Comes Responsibility

While property ownership has many advantages, it also has its fair share of responsibilities. Not only are you responsible for the obvious things like property taxes and maintenance/repairs, you’re also obliged to ensure that this income property is clean, safe, and ready for human residents!

You're also

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Income Property in Calgary: What You Need to Know – Part 2

(Estimated reading time: ~3 minutes)

While investing in Calgary real estate offers some of the strongest ROIs in the country, investing in rental property isn’t for everyone. It’s a huge commitment, and while you may see big financial rewards as the owner of a rental property, there are also a number of risks to keep in mind.

A sudden downturn in the economy, fluctuations in the local job market, or even natural disasters can impact how much of a return this investment can give you. Many times, these risks can’t be predicted – but sometimes they can. Luckily, a knowledgeable, experienced realtor will be able to help you navigate these risks and guide you on the right path to income

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Income Property in Calgary: What You Need to Know – Part 1

(Estimated reading time: ~2 minutes.)

Income property in Calgary is a popular topic – and not just because of the hit HGTV show with the same name. With Calgary continuing to lead the way as Canada’s fastest-growing city, it’s no wonder why Calgary real estate continues to be such a hot market.

The current climate for buying and selling homes in Calgary is among the fieriest in the country. And with long-term population projections suggesting that people will keep flocking to our beautiful city for years to come, there really has never been a better time to invest in Calgary real estate than right now.

But what exactly is “income property” and is it really the right investment for you?

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