JUNE 2016

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We Work Hard to Keep You Informed:

The Canmore Real Estate marketplace continues to hum with activity.  The tourism sector is very strong, which is introducing many international and Canadian travellers to the breathtaking beauty of Canmore and Banff in the heart of the Canadian Rockies.  The low Canadian dollar is promoting tourism as well as real estate interest in the Bow Valley.  

Our real estate offerings include Conventional Condos, Bareland Condos, Fractional Ownership Vacation Condos, Visitor Accommodation Revenue Suites, Tourist Home Condos that allow both full-time living as well as monthly or nightly rentals, Duplexes, Townhomes, newly released single-family Building Lots, Re-development lots allowing four-plex development, Apartments used as Employee Accommodation, Perpetually Affordable Housing, Condos with mortgage subsidy, Co-op Housing, Single Family Homes and manufactured homes.  Inventory is relatively low in Canmore and Banff, which has resulted in a fairly level marketplace despite some economic concerns in the rest of Alberta.  Canmore and Banff are special places, with amazing mountain opportunities.  

Canmore is truly an interesting place to consider establishing a home, either full-time or as a weekend get-away.  Our team of two experienced Realtors is proud to offer knowledgeable service, with a focus on client satisfaction.  

If you are a previous Buyer who is considering selling, please contact us for a free property valuation and consultation on current market conditions.

Jim and Jordy's Hot Picks for the Month
206 - 300 Palliser Lane
Great value, comes with down payment assistance plus a monthly cash mortgage subsidy!

View Listing

24 - 242 Benchlands Terrace
Just listed, 3 bed / 2.5 bath Functional and spacious townhouse with garage and two decks.

46 Riverstone Road
The perfect family home, plus nanny suite

118 Rundle Drive
Income generating property that can also be redeveloped if desired, close to downtown!

We can represent Buyers on Private Purchases, extending opportunities to you, our Buyers.  

Should you wish any further info on these Hot Picks, please call, text or email and we’ll be happy to send additional info.  Please note this data is current as of printing and is subject to changes.    

Best "Deals"?

Several folks have contacted us wondering what the best “Deals” in Town might be.  With respect to foreclosures, banks often will not accept a condition regarding financing therefore Buyers need to bring cash to the table for the purchase, then arrange a mortgage AFTER the purchase.  Our experience has been that Lending Institutions that manage foreclosures often lend money to themselves at very low rates and thus they are not overly-motivated to sell at a discount.  So-called “deals” may not be easy to acquire but let us help you see what is possible with foreclosures. 

  Canmore Market Report May 2016

3rd highest sales volume ever in Canmore!!  
27% increase over the 14 year average!!

The very strong Spring market continues in Canmore.  Year to date the sales volume is the 3rd highest it has ever been with 170 sales in the first 4 months of 2016.  Only 2007 with 207 sales and 2014 with 172 sales have surpassed the number of sales we have had in thus far in 2016 (January- April).  The average sales volume since 2003 has been 33.5 sales per month, the 2016 monthly average is 42.5, almost an incredible near 27% increase over the 14 year average.   April 2016 was the 3rd strongest sales ever in our market with 59 sales, just marginally behind the April record of 63. The only other month that had more sales than this April saw 61 sales, so we are very close record sales numbers.  Our listing inventory remains stable and low, there are 220 active listings which would put us back to 2005 and 2006 levels of inventory as we did not have the condo hotel units back then.  

Given the strength of the Canadian dollar we are seeing some foreign buyers, but not waves of them, just a slight trickle, however the exchange is keeping tourism strong. Local buyers and baby boomer retirement buyers are making our market strong along with 1st time home buyers.  Our sale price to asking price ratio is hovering just under 97% with prices remaining stable.  

10 unspoken rules every homeseller should know
Selling a home is hard work
by Kyle Draper
Key Takeaways

  • Focus on keeping the staging as clean and simple as possible. If it's going to be difficult keeping things cleaned up, move out. Clutter and mess won’t sell your home.
  • The home inspection is a headache that you want out of the way as soon as possible. Take care of problems now. Don’t wait. You’ll thank yourself later.
  • It might cost you, but what you save in the end makes hiring a professional agent more than worth it.

You’ve been thinking about selling your home. How hard can it be? You just clean the house, take some pictures and put them up online. That’s all it takes, right? Not quite, but you knew that. Here’s what you don’t know but should as a future homeseller.

1. Not everything needs upgrading

Door hinges, vent covers, cabinet knobs and light fixtures are good places to spend because they’re small fixes that make a big difference in appearance. Think about other small, easy upgrades you can make.

Focus on above-grade improvements over below-grade. Finishing that basement won’t make a difference.

If you’re not sure about where to put your money, stick to kitchens and bathrooms.

Also, don’t hide your house behind those ugly bushes. Fix the siding. Give your home a fresh coat of paint. Seal the driveway. Make a good first impression because you’ll never sell your home if you can’t get a buyer through the front door.

2. The appraiser won’t save you

If you think you can haggle with the appraiser, you’re in for a surprise.

No matter what you do, you might not get the valuation you’re looking for. The appraiser won’t budge from his or her final assessment and risk losing his or her license for being anything but impartial.

Do what you can to increase the value of your home, but don’t get hung up on it. Chances are, the number the appraiser gives you won’t be the one you were hoping for.

3. Home staging matters; move out — otherwise, declutter

It’s difficult to imagine yourself in a home made up for someone else. It might be your ideal style, but it probably isn’t anywhere close to the buyer’s taste.

Focus on keeping the staging as clean and simple as possible. If it’s going to be difficult keeping things cleaned up, move out. Clutter and mess won’t sell your home.

4. Your window of opportunity is smaller than you think

If you think you’re all caught up, you’re probably still behind.

Have a timeframe for the sale. Put it on the market at the right time — price it right, and your property is guaranteed to sell fast.

5. Planning needs to be done early, and stick to the plan once it’s made

Organize. Prioritize the things that will sell your home, and get them done.

You should also stay focused on the bottom line. Do what you need to do to sell your home for the most profit in the least amount of time.

6. Your listing needs to stay fresh, and don’t worry if it sits

Keep the listing as updated and relevant as possible, even if it seems tedious. It makes a difference, especially if your house has been on the market for a while. It’s only a matter of time before the right buyer comes along.

If you’ve updated your home, make sure your listing reflects those updates, and don’t be afraid to include the small things. So, dig deep! Think hard about how you can make your home that much more enticing to buyers.

7. Buyers can’t stand losing

No one wants to miss out on their dream home. When it comes to life-altering purchases, buyers will do anything to win. Give them that win.

What comments do your neighbors make about your home? They’ve probably mentioned something they liked or wished they had. Use this information to tailor your listing for the right buyer — the buyer who won’t stand to lose out on the perfect home.

8. Home inspections kill deals; take care of problems now

The home inspection is a headache that you want out of the way as soon as possible. Take care of problems now. Don’t wait. You’ll thank yourself later.

Are you worried about the cost of the inspection? Every home has problems. They’ll almost certainly find something worth the cost of looking, saving you time, money and stress.

9. Don’t worry if it gets to you

Selling your home takes months of work, even before you put it on the market. There are going to be times where you want to say, “forget it!” Those are the times where you need to take a step back, breathe deeply, and refocus.

One day, sooner than you think, the process will be over, and your home will be sold.

10. A professional can help

Many things that go into selling your home are impossible for someone to know without experience. The pros know the ins-and-outs of the real estate game and will make your life much easier, even if it costs more than you like. This is not a time to be penny-wise, pound foolish.

If you’re dead-set on going your own way, decide if the money saved is worth the time and effort that goes into selling your home.

It might cost you, but what you save in the end makes hiring a professional Realtor more than worth it.

The Gift of a Referral
Here’s a scenario that likely happens to you every once in a while.  You’re at work, at a house party, or just walking through the neighborhood when someone asks, “Do you happen to know a good…?”  You can fill the blanks.  A good Dentist; A good Landscaper; A good Accountant.

How do you respond?  

You probably want to help, so you provide the names of one or two professionals in that industry that you know or with whom you have worked.  You understand how difficult it can be to find a solid, reputable professional, so you’re happy to give the gift of a referral.

Why are we bringing this up?

Well, the next time you’re asked to recommend a good Real Estate Agent, we hope you’ll feel comfortable giving that person our names.  As you may know, we build our business on referrals from Clients like you.  That’s why taking care of our valued Clients ~ before, during and after the transaction ~ is so important to us.

So if you get a chance to do someone a favour and give them our names, you’ll have our appreciation ~ and our thanks! 

Private Client Services Value Proposition
The system many of you may be aware of and presently subscribe to is called PCS or Private Client Services.  It is a premium property listing and sale notification system that allows you to see what new properties are listed and for what price, as well as receive a quick note when prices change, and finally the sale price when sold.  “What an incredibly useful tool”, one Client recently commented.

Whether you are a prospective Buyer or Seller we encourage you to let us know if you wish to subscribe to PCS within a pre-set criteria of search profile.  This would include size of property, location, # of bedrooms.  Please call Jordy or Jim to discuss your unique search parameters and start enjoying more free time, instead of spending time looking on several search engines for the up-to-date information you need.  

Note: there is no obligation or cost to take advantage of this service and you may unsubscribe at any time.  Just contact us at and we will do the rest.  

This is just one more way we assist in Guiding you "Home and Beyond".
  10 cheapest ways to increase the value of your house
Tips for tapping into your home’s value
by Romana King
We have just launched a new website.
Jim Ridley & Jordy Shepherd