Warren Shouldice

Cell: 403-461-8103 |

When you’re involved in real estate, the focus is always on the future. So, even though it feels like things are moving slowly during this part of year – it's the perfect time to look ahead to the spring.

The Calgary Real Estate Board (CREB) released their yearly market forecast in January and to nobody's surprise it's expected to be another slow year in our city. The following exert is taken from CREB's report.

"With no economic change on the horizon, demand for housing in Calgary will be weak in 2016, as sales activity is expected to fall by 2.2 per cent to 18,416 units. The annualized benchmark price is expected to decline by 3.44 per cent to $438,652.Weak demand and supply gains are expected in 2016, adding to an already elevated level of inventory. In this situation, the markets ability to effectively absorb more inventory will be limited, resulting in some downward price pressure across all housing sectors."

If you would like discuss an upcoming purchase or sale, or simply have a real estate related question, please give me a call. After all, the spring market's just around the corner!


Quick stats:


Jan. 16 Jan. 15 Y/Y % change
Total sales 465 534 -12.92%
Average DOM 48 days 37 days 29.35%
Benchmark price* $509,300 $522,900 -2.60%
Total sales 170 190 -10.53%
Average DOM 48 days 42 days 16.18%
Benchmark price* $345,600 $348,300 -0.78%
Total sales 129 153 -15.69%
Average DOM 59 days 55 days 7.27%
Benchmark price* $281,900 $301,000 -6.35%

*Benchmark price: The monthly price of the typical home based on it's attributes, providing the best measure of price trends.



How Do You Determine What You Need to Do?
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Say you’re a homeowner wanting to sell your two-storey, detached home. You sit down and make a list of things that need to get done to make your property as attractive as possible to buyers.

You consider the backyard. “Hmm,” you think. “Doesn’t our deck need a new finish and our flowerbed need new edging stones?”

Then you think about the living room. “The carpeting is old. We really should replace it."

Then you step into the kitchen and think, “Our kitchen cabinets look worn. We should get a contractor to quote on replacing them. Maybe we should install a brand new shiny sink and faucet too. That should increase the resale value of our home, shouldn’t it?”

Before you know it, you have a long list of updates, repairs and renovations that you think should be done before listing and you haven’t even reached the second floor!

It’s easy to get carried away with a list of repairs and upgrades that need to be done to prepare your home for the market. But, you don't want to end up spending more money than you’ll ever get back from the eventual sale. So, how do you determine what improvements you should be making in order to get your property ready to be listed?

That’s easy. Talk to a good REALTOR®.

A REALTOR® can inspect your property and advise you of the repairs and upgrades you need to make. A REALTOR® will know what buyers are looking for, and will also have a good idea of the return on investment you can expect from a particular improvement.

A REALTOR® may also be able to recommend reputable tradespeople and other professionals to assist you in making those improvements.

So go ahead and make that long list. Then, let's review it, so you can make an informed decision on how to get your property ready for sale.


Making a Good “Second” Impression
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You’ve heard the term “curb appeal”. It refers to the first impression a buyer gets when he or she first arrives at your home and looks at it from the outside.

That first impression is critical. But there is a “second” impression that is also very important. That’s the impression buyers get when they open your front door and look inside. Make sure that everything looks great from that perspective too — clean, bright, uncluttered and welcoming.


Little Things Make a Big Difference
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There’s no doubt about it. A completely renovated room – especially a kitchen or bathroom – will really impress home buyers. That room will probably look brand new and very stylish.

But you don’t have to do a full “tear-down-the-walls” type of renovation to upgrade the look of a room. In fact, just a few minor improvements can make a big difference.

For example, upgrading wall plates is an easy and inexpensive way to add a lot more style and personality to a room.

In the kitchen, installing new hardware on existing cabinets can have a dramatic impact. So, look around your house to determine where small improvements could make a big difference.


notable, quotable... quotes!


“You were born to win. But to be a winner, you must plan to win, prepare to win, and expect to win.”

Zig Ziglar


“If you do what you’ve always done, you’ll get what you’ve always gotten.”

Tony Robbins


“The greater danger for most of us is not that our aim is too high and we miss it, but that it is too low and we reach it.”



Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.