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House Guide Blog

Sunday, February 18, 2024   /   by Viktor Boraczuk

Will housing prices drop in Calgary? Or continue to go up in 2024?

Will housing prices drop in Calgary?
Just a few days ago the Calgary Real Estate Board released its annual Forecast Report, where the board’s economists provide their analysis and insight into how they think the Calgary real estate market will respond to the economic conditions affecting our market for the rest of the year. The Forecast Report is an excellent resource that is relied upon by countless businesses and public institutions that touch the Calgary real estate industry, so in addition to our regular monthly sales update I will also delve into the report and provide my thoughts on their outlook.

In last month’s report we made the case that the overall pricing picture for Calgary real estate hasn’t changed that much, with pricing hovering around the low $570,000 mark since August of 2023. 

Even though CREB does a great job with their analysis and reporting – and believe me, you will want to stay tuned for what we have to say about the Forecastm ...

Thursday, September 14, 2023   /   by Viktor Boraczuk

How Long Will That Last Before I Need to Budget to Fix It?

Hey there, future homeowners!
If you're getting ready to buy a home or are already a proud homeowner, you might be wondering how long those appliances and systems in your home will last before they need some TLC. After all, budgeting for home maintenance is a crucial part of responsible homeownership.
Let me give you a general guide to help you understand the typical life expectancy of various components in your home, from your trusty appliances to major systems like plumbing and heating. Keep in mind that while we have these estimates, there are always factors like brands, styles, and wear and tear that can influence the actual lifespan of these components.

Appliances Life Expectancy
Gas Stove: 10-18 Years
Electric Stove: 14-18 Years
Washing Machine: 7-15 Years
Dryer: 13-15 Years
Refrigerator: 9-15 Years
Dishwasher: 9-11 Years
Microwave/Range: 9-14 Years
Chest Freezer: 15-25 Years
Regular maintenance can work wonders in extending the lifespan of your appliances to the mr ...

Friday, January 6, 2023   /   by Viktor Boraczuk

Calgary 2023 Outlook

It’s Calgary 2023 Outlook Time!

In my first market update of the year I’ll be discussing what you can expect to see in Greater Calgary real estate market in 2023. As I have mentioned before, the month of December is not an important month for real estate- related data – it’s always a month where the market is in a state of slowdown & re-set. If, nonetheless, you just wanted to know what happened last month – and looked closely – you’d see the total homes on the market dropped from about 3,100 to start the month, all the way down in the region to about 2,200 (a new record low for that time of year). Meaning there’s not a lot out there to buy.


You’d also see the number of new properties coming to market hit a yearly low –just over 1,000 homes came to market. That’s nothing new, it’s just what happens every year.



And with that, you’ll also see it was our slowest sales month ...

Monday, December 5, 2022   /   by Viktor Boraczuk

DECEMBER 2022 MARKET UPDATE

Calgary - Canada's Real Estate Bright Spot
The November Real Estate Data is in, and our market is showing continued strength, security and has been nearly completely spared from the national housing price crash concerns. If you scour your favourite news sources, you’ll be sure to find articles such as this: 
Special report: five top towns for real estate investors in 2023 
Job-generating, affordable Calgary tops our annual list 
https://www.westerninvestor.com/british-columbia/special-report-five-top-towns-for-real-estate- investors-in-2023-6034230 
Alberta Housing Prices Are Predicted to Rise in 2023 as more people move to the province 
These areas are about to get pricier 
https://www.narcity.com/calgary/alberta-housing-prices-predicted-to-rise-in-2023-more-people- moving-to-province 
Beginning of the end for Canada’s housing market downturn? Calgary the exception to the rule 
https://thoughtleadership.rbc.com/beginning-; ...
Real Broker
Viktor Boraczuk
7015 Macleod Trail SW #210
Calgary, AB T2H 2K6
403-809-2903

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