Buyer's

2019 – The Year Of The Buyer’s Advantage

I spent this morning at the 2019 CREB Forecast and Tradeshow and the message we got was…. Buyer’s Market.  There are still early signs of more inventory hitting the market and prices decreasing again. Oh… man….. But there also appeared to be light at the end of the tunnel with comments like “the amount of oversupply should start to ease by the end of the year” and “net migration gains in 2019 will help chip away at some of the oversupply”.

Overall, what does all this mean?! BUY NOW! Lol, just kidding but for those considering ownership, further resale price declines can make this year very attractive. Investors and those looking to up-size could also benefit from this buyer’s market. For now, I will put the press release below with a link to the full package of statistics, but if you want to talk specifics (neighbourhood and home style) – give me a call!

 

MEDIA RELEASE: Economic challenges to affect Calgary’s housing market in 2019

Calgary, Jan. 30, 2019 –

The challenging economic climate in Calgary is expected to persist into 2019.

Easing global oil prices, concerns regarding market access and easing investment activity are weighing on the energy sector and are expected to slow growth prospects in the province this year.

“Slowing growth, weak job prospects and lack of confidence are all factors that are contributing to the expected easing in sales activity this year,” said Ann-Marie Lurie, CREB® Chief Economist.

“At the same time, our market continues to struggle with high inventory levels and further potential rate hikes, all of which is expected to cause additional price declines this year.”

There are signs that supply in the market is starting to adjust to slower sales, but the pace of adjustment is expected to be slow. Overall, it will help reduce some oversupply in the market and put the industry in a more stable position by 2020.

Buyers’ market conditions are expected to persist throughout most of the year, impacting prices across all property types. However, the pace of decline is expected to ease by the end of the year, as concerns over the economy ease.

While further easing in the housing market is expected, this will not likely be the case for all price ranges, as demand for affordable product is expected to continue to improve, given shifts in lending requirements and adjustments in expectations.

“In this market, buyers have the advantage of choice. A REALTOR® can help buyers find a home that best fits their lifestyle,” said Alan Tennant, CREB® CEO.

“For home sellers, knowing all the data and facts surrounding their home is critical to maximize their selling price. Working with a real estate professional can take the guess work out of the process.”

Click here for the full 2019 Calgary Economic & Housing Outlook report.

New Canada Food Guide

New Year, New You, New Food Guide?

In light of the new Canada Food Guide, I thought I would re-share some tips from my experience.

Most everyone knows that I lost some weight… ok, I lost a lot of weight – over 120 pounds. Tons of people ask me how I did it and that’s a very long answer. Today I am just going to share with you some tips of how I did it and have maintained (+/- 10 lbs) for over 5 years.

First off, I’m sure you have heard it a hundred times and have read it on a million blogs – but drink more water! For a girl that loves soda and juice, this was probably the hardest thing I had to do. I tried to cut out as much as possible of sugary drinks. I don’t drink coffee, I am more of a tea drinker but Starbucks is my biggest weakness, to continue to enjoy it I looked for the lowest calorie drink on the menu that I liked – my drink of choice was a Venti Cool Lime Refresher with light ice (only 90 calories). They have since discontinued it, so if you have a suggestion let me know. Right now I’m drinking sugar-free Strawberry Infused Green Tea.  Anyways…. I felt like I could still go for a “coffee” with my friends without guilt.

Second, is portions. When I was considerably overweight I could sit down and plow through an entire large pizza. Don’t get me wrong, I still want to, but I don’t! Now I am conscious of how much I’m eating, when you start to think about how big your stomach is and how much food you are putting into it. Few tips from me… I only use side plates, I no longer use full dinner plates. The other trick that I did was I started putting away the leftovers before I even sat down to eat. Recipes typically cater to families, so putting away the extra helped so that I wasn’t temped to have seconds and had meals for later in the week.

Third is choice! I am a big believer in menu planning, it helped me know what I was going to be eating throughout the week and even get control of some of my cravings. That way I wasn’t out and about running errands thinking there is nothing in the house and just stopping for Taco Time. I was already prepped and knew I was making good food choices if I stuck to the plan.

Final tip from me would be exercise! At the peak of my weight loss journey I was doing a lot of bootcamps, not so much anymore now that I am maintaining. I still remain active, right now I’m doing yoga at home. Golf is a big one in the summer and I try to get out and do a little something everyday.

Canada Food Guide

 

Other tips from people that I unfortunately have never been able to master but they seem important:

Eat Breakfast – ughh, I really don’t like breakfast. Ok maybe bacon and eggs but a girl can’t do that every day. I will do smoothies or take a handful of nuts and raisins as I’m headed out the door.

Salad / Vegetables – it’s green and gets on my plate (my dad says that all the time and I tend to agree). I obviously eat vegetables but salad baffles me – it’s just lettuce. People that order it on menu because it’s the healthy choice… beware, all the toppings and dressings can quickly make it the most high calorie and fat item on the menu. Do your research!

To make sure you are successful give yourself a break. A cheat meal, a lazy day or $5 in 10 cent candies! It’s all natural and just remember it’s a journey – so keep moving forward and don’t give up. Just start all over again with your next choice. I am not skinny or super fit but those are my ways of maintaining my weight loss and keeping a balance in my life. I can still go out with friends (and eat fish tacos with a gin and tonic – am I right??) and enjoy everyday loving myself and feeling comfortable in my skin.

Chef's Plate

Chef’s Plate – The Relationship Saver

We lead a pretty busy life! Both of us work (obviously), flip properties and when you add my chaotic #realtorlife to the equation, planning meals can be a bit overwhelming. Last year when we bought our second house, were renovating and adding a secondary suite, tensions were a little high and when asked “What’s for dinner?” I would bite off the head of my unsuspecting partner. It wasn’t his fault and, in truth, a valid question but I didn’t have the answer.

That’s when I was introduced to Chef’s Plate. People had mentioned it before but now that the dinner dilemma had reached critical volume, I took a closer look. And thank goodness because I swear it saved our relationship – lol.

Here is the scoop….
Meal Plans range from classic and family friendly to 15 minute meals and vegetarian. And you can pick either 2, 3, or 4 meals a week delivered.

We opted for the 4x per week Classic, which is their widest variety of meat, seafood and vegetarian recipes. Both 30 minute and 15 Minute recipes are included. Note the 15 minutes ones are offered at a premium price.

The nice thing is some weeks when we have a lot of dinner plans and events, we can reduce our order to 2 or 3 meals or even skip the delivery entirely (which we did over the holidays).

This is great not only for busy families but I think it would also be amazing for the seniors in your life! If someone has mobility issues or isn’t eating the healthiest options then fresh food can be delivered to their door. They choose the meals and the 15 minute meals even come with all the veggies/ingredients chopped and ready to go.

I have been impressed with the freshness of the ingredients, the ease of the recipes and, actually most surprisingly, the portion size. We can both eat dinner and most nights, there is enough left over for my partner to take for lunch the next day.

We did the math and worked out how much wasted food we had at the end of the week and this works for us! Maybe it’s not for everyone, but I encourage you to run the numbers and see what it might do to your family’s quality of life and time spent together!

Get your free plates here -> chefsplate.com?r=3pc-IS4KGSW or use the referral tag #freeplatesfromYYCRedShoeRealtor

 

WE PICK THE ONES THAT WE WOULDN’T MAKE OURSELVES, DUE TO LACK OF SKILL AND SPECIALTY INGREDIENTS. OUR TASTES LEAN TOWARD MEXICAN AND ASIAN. SOME OF OUR FAVOURITES:

  • Sweet Potato & Avocado Poke Bowl with sticky rice and sesame-soy dressing
  • Crispy Chicken Katsu Sandwich with garlic aioli and a crunchy slaw
  • Pork Meatball Hot Pot with leeks and rice noodles
  • Crispy Fish Tacos with avocado salsa & creamy lime slaw
2019 Design

20 Home Design Trends for 2019

Rose gold, subway tiles and exposed lighting were some of the top home decor trends of 2018. With a new year comes new decorating patterns, stylish, timeless pieces to fresh takes on old styles. 2019 is going to have some fantastic home design trends.

Published in DECORMAG

ARTISANAL FIXTURES

Like velvet pieces many designers have noticed a shift and that more decorators are partial to fixture from local artist and small businesses, especially lighting. Artisan fixtures personalize your home, and like natural elements, helps shifts homes focus from the tech world to the natural world.

NATURAL ELEMENTS

Stepping away from the tech-obsessed decor we saw dominate the 2018 design trends, 2019 move towards fresh, natural materials such as stone, copper, concrete, and granite. These elements will help bring an organic and serene ambiance to any space while reflecting the world around your home.

VELVET FURNISHINGS

Believe it or not, velvet was seen as old fashion and stuffy, now viewed as a luxurious yet funky. This multi-dimensional fabric has already started gaining a lot of attention, leading many designers to believe velvet decor will be one of 2019’s most sought-after trends.

FLORAL PATTERNS

This decorating trend has been around for awhile, in the upcoming year. However, we will see floral patterns in a new light. Decorators expect to find exaggerated proportions and contrasting colors used for this timeless decor pattern.

COPPER ACCENTS

Rose gold was one of 2018’s most used decor trend, yet for 2019 we are expecting to see less rose gold and more copper accents, along with a mixture of other metals. With it’s red and orange tones and overall earthy hue, copper is a much-needed breath of fresh air for the new year.

RICHER COLOR PALETTES

Though muted colors can help you avoid making spaces feel overwhelming, designers believe that 2019 will be a year where bolder colors are preferred. Richer hues throughout your home can make your more muted furnishings and decorative decor pop. Lookout for dramatic reds, statement pinks, bold yellows and organic greens.

BRASS DECOR

2019 is setting up to be a year where we wave goodbye to stainless steel and polished nickel, and welcome brass accents back into our homes. Brass is a surprisingly warm and subtle alternative to the expected steel accents.

BLACK & WHITE DECOR

A truly timeless design trend, black and white furnishings will want to be on your list of trends to incorporate into your home’s decor this 2019. The visual contrast of black and white will provide a sense of balance and boldness to your home’s space.

MILLENNIAL PINK

A massive hit in 2018, this trendy hue is getting a lot of attention. We’ve already seen this pink shade make its way into home decor and fashion, but for 2019 get prepared to incorporate this hue in new creative and unique ways, as an easy way to update any space.

TONAL REDS

The past few years we have seen designers and homeowners gravitate towards cooler colors such as blues and greens, so we are excited that warmer tones are going to be in for the new year. Tonal reds are a great way to add complimenting contrast while providing the warmth that makes your home more inviting

GEOMETRIC PATTERNS

Similar to floral patterns and brass decor, incorporating geometric patterns is no new trend. Yet for the new year geometric patterns are expected to become a dramatic presence. Colors will be bolder with oversized patterns. This is a trend that will help make a bold statement in any room. A chic and easy way to incorporate this pattern into your home decor is adding geometric throws.

CONCRETE ACCENTS

Some may wonder why concrete has left the construction zone, yet 2019 will be the year it steps into many homes decor. Providing a crisp, clean look that’s easy to compliment Concrete isn’t just for countertops. Geometric concrete tiles will become increasingly popular and pair two of next years hottest design trends into one stylish piece.

VINTAGE LIGHTING

A trend that many will be shocked to see making its way back into the new year. The vintage lights we are expecting to see will be less exposed lighting and more of vintage pendants and sconces, in brass and copper finishes. 2019 will be a year where trending designs come together in unison.

BUCKET SINKS

Also known as Trough sinks, bucket sink joins the list of vintage design trends that are predicted to make a massive comeback in the next year. Farm-house inspired, these pans are family friendly and will add personality and a touch a nostalgia to any kitchen or bathroom.

BURNT YELLOW

Previously this shade of yellow was seen as too overwhelming and dramatic, yet in the coming year, the bolder the better. Yellow is a color that exudes happiness, confidence, and cheer. Whether used in accents or statement pieces, burnt yellow is sure to make your home feel joyous in 2019.

70’S CHIC

With many old design trends coming back in style this 2019, such as velvet and geometric patterns, our designers are expecting to see many nods to the 70s era. 70’s chic decor is all warm palettes, funky textures, and abstract silhouettes. Incorporating this trend into your home will bring out amazing personality into everyliving room or bedroom design.

AGATE WALLPAPER

Many seem to stay away from wallpaper in general, yet 2018 was a year that saw wallpaper used in more homes. 2019 will be no different, and it is all in print. Agate wallpaper is making a splash for its pops of colors, and its natural ununiformed lines and colors perfectly marry both the bold and natural trends we expect for 2019.

MATTE FINISHES

From beauty products to customized cars, technological advancements have made matte finishes all the more alluring and viable. Compared to the dramatic effect that high-shine finishes conjure, matte finishes lend furnishings a more relaxed, however, futuristic appeal.

Take this sleek console brought to life by a sensational yellow and periwinkle color combo. In a more traditional color combo it would have come off as standard. And if it were finished with a high-gloss effect, it would come off as overly loud. Instead, thanks to its matte patina, it’ll lend any room a quiet sense of dignity and grace while remaining ultra-cool.

For a similar effect, look for matte finished furnishings that boast unexpected hues and silhouettes, or go for classic styling as when a piece is finished with a matte technique, it will remain forever-cool.

CANOPY BEDS

Though they haven’t been in vogue since the late 80’s, we’ve seen a steady rise in clients requesting updated takes on grand canopy beds. It could be because hotel inspired bedroom suites have been all the rage over the past decade, or it very well could be that people are seeking out the ultimate comforting oasis.

Whatever the case, minimally minded canopy beds are readily available in an endless array of options. And since they usually boast a slim silhouette and elements, they can now fit in almost any room with ease without coming off as overbearing and unnecessary. To make one work in your bedroom, follow suit and source a canopy bed that is quiet and slim to ensure that it won’t take up too much space or ever go out of style.

Farmer's Markets

Farmer’s Markets… be still my heart!

There is something I love about wandering through the aisles, filled with all the bright colours and local products. With the new year’s resolutions still going strong, I imagine the market is super busy right now. Fresh fruit, vegetables and local organic meats are easily at your fingertips. It smart to eat local because you are supporting a neighbour, organic is a healthy option and eating seasonally is definitely best, but I wonder why I don’t go enough?

Whenever I travel, I try to make it to the local market and I vow that when I get home will go to our markets more often. But somehow when I get back, I just don’t do it 🙁

Here are my excuses, which are totally lame. I’m not a morning person, so maybe that is why I opt for Superstore vs. the Calgary Farmer’s Market. You don’t have to go early but in my head that goes together for some reason. Or it’s the parking thing, which is so #firstworldproblems. Or maybe it’s because I’m too busy to menu plan my week. I dunno why but I never get there, which sucks!

Here are some reasons I’m going to make it a priority in 2019.

What’s Fresh

Apples, Brussels Sprouts, Cabbage, Carrots, Cucumbers (GH), Eggplant (GH), Peppers (GH), Potatoes, Tomatoes (GH), Winter Squash.

They have a list of seasonal recipes too, so there are no excuses. http://www.calgaryfarmersmarket.ca/fresh

Meet the Vendors

Such a huge selection to choose from! You can look on the website here for the full list. Some I love to hit up, Simple Simons Pies, Spragg’s Meat Shop and Better.  http://www.calgaryfarmersmarket.ca/explore-market/meet-our-vendors

Better has cold press juices and smoothies made with fresh ingredients. And you know how much I love my juices! Eau Claire Distillery is also there, can we say Gin and Juice?! LOL

What’s New

If you haven’t heard by spring 2020 the Calgary Farmer’s Market will be growing by 50,000 ft2! They are opening a second location in the new northwest community of Greenwich.

Those are all amazing reasons to go and I can’t wait to make this part of my grocery shopping routine!

Housing Market

Job market weakness and lending restrictions a common thread in 2018’s housing market

City of Calgary

January 2, 2019


As oversupply continues in Calgary’s housing market, December prices eased by one per cent compared to last month and are over three per cent below last December.

“Persistent weakness in the job market and changes in the lending market impacted sales activity in the resale market this year,” said CREB® chief economist Ann-Marie Lurie.

“This contributed to elevated supply in the resale market, resulting in price declines.”

December sales totalled 794 units, a 21 per cent decline over the previous year. Overall year-to-date sales in the city totalled 16,144 units. This is a 14 per cent decline over 2017 and nearly 20 per cent below long-term averages.

Inventory levels in December sat at 4,904 units. This is well above levels recorded last year and 30 per cent above typical levels for the month. Elevated resale inventories in 2018 were caused by gains in the detached and attached sectors.

Throughout 2018, the months of supply remained elevated and averaged 5.2 months. This contributed to the annual average benchmark price decline of 1.5 per cent. Price declines occurred across all product types and have caused citywide figures to remain over nine per cent below the monthly highs recorded in 2014.

“Both buyers and sellers faced adjustments in expectations this year. Sellers had to compete with more choice in the resale market, but also the new-home market,” said CREB® president Tom Westcott.

“With less people looking for a home, it became a choice between delaying when to sell or adjusting the sale price. However, buyers looking for more affordable product did not find the same price adjustments that existed in some of the higher price ranges.”

More information on the 2018 housing market will be released at CREB®’s 2019 Forecast Conference & Tradeshow (www.crebforecast.com) on Jan. 30, 2019.

HOUSING MARKET FACTS

Detached

  • Detached sales declined across all districts in 2018. With citywide sales of 9,945 units, activity remains 21 per cent below typical levels for the year.
  • Detached inventories were higher than last year’s levels for each month of the year, including December. Slow sales caused the market to be oversupplied through most of 2018.
  • Detached benchmark prices totalled $481,400 in December, a one per cent decline over last month and a three per cent decline over last year. Overall, 2018 prices declined by 1.5 per cent compared to last year.
  • Prices have eased across most districts in 2018. The largest declines this year have occurred in the North East, North West and North districts.

Apartment

  • Apartment sales totalled 2,663 units in 2018. While the decline is less than other product types, levels are 22 per cent below long-term averages.
  • The apartment condominium sector has struggled with oversupply for almost three years and 2018 was no exception.
  • However, supply has been easing, as inventories this year averaged 1,584 units, one per cent below last year’s levels.
  • Despite slowing supply growth, the market remained oversupplied, causing further price declines. In December, benchmark prices were $251,500, over two per cent below last year. Annually, prices have declined by nearly three per cent for a total decline of 14 per cent since 2014.
  • Price declines this year have ranged from a high of nearly six per cent in the East district to a low of two per cent in both the City Centre and North West districts.

Attached

  • Declines for both row and semi-detached product resulted in 2018 attached sales of 3,536 units, a 15 per cent decline over the previous year and 14 per cent below long-term averages.
  • Slower sales activity prompted some pull-back in new listings, but this was limited to the row sector. Row new listings declined by four per cent and semi-detached new listings rose by nearly 15 per cent in 2018.
  • Despite some adjustments to new listings, inventory levels remained elevated, keeping the market in buyers’ market territory and putting downward pressure on prices.
  • In December, the semi-detached benchmark price totalled $397,500. This is a monthly and year-over-year decline of 0.8 and 3.8 per cent, respectively. Recent price declines have caused this sector to erase any of the gains that occurred last year, as 2018 prices remain just below 2017 levels. Overall, annual prices remain 1.4 per cent below 2014 peak levels.
  • Row prices have also been edging down. As of December, row prices were $288,400, a 1.5 per cent decline from last month and nearly four per cent below last year’s levels. Overall, 2018 prices remain two per cent below last year’s levels and nearly 10 per cent below previous highs.