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Report your 2019 home sale on your tax return

February 12th, 2020

Did you sell your home in 2019?  You will need to report that information on your tax return.   Here is what you need to know.

What is a principal residence?

A principal residence is a residential property that you owned and occupied at any point during the year.  This can be your main residence, a cottage, or a mobile home.

What are capital gains?

Capital gains are the profits you receiv ...

2020 opens with a slight gain in sales (CREB report)

February 4th, 2020

Housing market conditions continue to follow similar trends to last year, with gains in sales.

At the same time, there have been further reductions in new listings, inventory and more declines in prices.

January sales activity was 863 units, nearly eight per cent higher than last year’s levels. While sales remained well below January activity recorded before 2014, they remain consistent wit ...

January Preferred Client Update

January 6th, 2020
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Rediscover Alberta: with CIR REALTY’s 12 Month Alberta Experience Giveaways

#CIRISALBERTAPROUD—and we want you to be Alberta Proud too! That’s why this year we are giving you twelve chances to enter to win a fun experience each month that showcases why our province is such a great place to live!

From mountain adventures to brewery tours, to historic sightseeing across the prairies and ov ...

Calgary’s real estate market in December caps off 2019 with more signs of stability (CREB report)

January 6th, 2020

December sales improved to levels more consistent with activity recorded over the past five years. This follows weak sales activity last year.

A stronger second half in 2019 was enough to push annual sales up by one per cent.

“Price declines, lower mortgage rates and some modest improvements in full-time employment helped support some demand growth in the city. Reductions in supply are ...

Winter home maintenance tips

December 12th, 2019
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December Preferred Client Update

December 3rd, 2019
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November Preferred Client Update

November 4th, 2019
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Huge Federal Reserve Study of Americans Proves Homeowners have a 36% Higher Net Worth than Renters

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups.

The study revealed that in 2018, the median net worth of a homeowner was $194,000. At the same time, the median net worth of renters wa ...

Homes under $500,000 moving to more balanced conditions (CREB report)

November 4th, 2019

Sales activity in October improved by nearly 10 per cent compared to last year, driven mostly by improvements for apartment and attached product.

New listings also eased, which helped reduce inventory levels and the oversupply in the market. Despite the move to more balanced conditions, the market remains oversupplied and prices continue to remain below last year's levels.

"Employment has ...

October Preferred Client Update

October 2nd, 2019
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Using a Realtor When Buying a New Build Home

Buying a new build can be a lot more complicated than purchasing a resale. You’ll benefit from working with a local expert who knows the project’s neighbourhood, target audience, materials used and sales data. Here are the reason you want to use a realtor, even when buying from a builder:

A REALTOR® can negotiate on your behalf
Sure, you can si ...

Shifting to stability (CREB Report)

October 1st, 2019

For the third consecutive month, sales activity improved over last year’s figures, and year-over-year new listings and inventories eased. This trend will help support more stability in the housing market.

“Price declines have likely brought some buyers back into the market,” said CREB® chief economist Ann-Marie Lurie, noting improvements in the market continue to be driven by homes priced be ...

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