Ah, the holiday season is upon us! There’s nothing quite like the cozy warmth of a decorated home, the smell of fresh-baked cookies, and twinkling lights to get us all in the festive spirit. But getting your home ready can sometimes feel like a task worthy of Santa’s elves. Don’t worry, though—I’ve got you covered with some easy, fun ways to make your home holiday-ready without breaking a sweat!

Step 1: Declutter and Clean (Yes, really!)

Let’s start with the not-so-fun part: decluttering. I know, I know—it’s tempting to skip this step, but trust me, it’s essential. Imagine unboxing your holiday decorations and trying to squeeze them into an already-packed space. Instead, take an hour or two to go through your main living areas, stashing away things that might clutter up your holiday look. You’ll be glad you did when you have space to show off those cute snow globes and that heirloom menorah.

Step 2: Set the Mood with Lighting

One of the quickest ways to transform your home into a winter wonderland is with the right lighting. Grab a few strings of fairy lights or even some LED candles and scatter them throughout your space. These little touches create a cozy, magical vibe—without having to plug in the inflatable reindeer just yet.

For outdoor lighting, go as simple or as extravagant as you like! If you want to avoid Griswold-level electricity bills, try focusing lights around entry points like your front door and porch, or drape them over bushes for a simple but stunning effect.

Step 3: Style Your Entryway

First impressions count, even for your home! Take a few minutes to create a welcoming holiday scene in your entryway. A festive wreath, a small table with some seasonal décor, or even a holiday-scented candle can make a big difference. This doesn’t have to be an expensive makeover—many stores have adorable, budget-friendly holiday decorations to choose from.

Step 4: Add Seasonal Scents

Ever noticed how certain smells just make you think of the holidays? Whether it’s the scent of pine, cinnamon, or gingerbread, adding a bit of holiday aroma can bring out all the cozy feels. Light a scented candle, throw some cinnamon sticks in a pot with water on the stove, or try out an essential oil diffuser.

Step 5: Bring on the Greenery

Add a touch of greenery for an easy win. Whether you go with a real pine wreath, some fresh garland, or even a few sprigs of eucalyptus, a bit of greenery makes any room feel festive and inviting. If you’re not into the maintenance of real plants, plenty of realistic faux options can do the trick too!

Step 6: Prep the Guest Room

If you’re expecting overnight guests, give the guest room a little holiday love! You don’t need to go all-out, but adding a cozy throw, a few holiday pillows, and maybe a mini wreath above the bed can make guests feel extra special. A welcome basket with a few snacks, bottled water, and toiletries can also make them feel right at home.

Step 7: Don’t Forget the Kitchen

The kitchen might just be the heart of the holiday season. After all, this is where the magic (aka cooking and baking) happens! To keep the festive spirit going, consider adding a few simple decorations, like holiday-themed towels, a cute cookie jar, or a seasonal centerpiece for the dining table.

Step 8: Final Touches

Now that your home is looking fabulous, add those last little details that make all the difference. Arrange a few holiday pillows on the couch, drape a cozy throw blanket, and place holiday knick-knacks where they’ll shine. Don’t be afraid to mix and match; the holidays are all about having fun!

There you have it—your guide to holiday home prep that’s light on stress and big on joy. So, grab a cup of hot cocoa, turn on the holiday tunes, and get to decorating. Here’s to a season full of warmth, laughter, and the magic of home! Happy Holidays!

I know many of you have probably already seen my name on many Facebook pages, real estate sites, many national & local news stories as well as Google searches. However, I wanted to share a little bit more about myself and my real estate journey.

When it comes to real estate, I like to keep things simple—because I’m a real person just like you. I have a home, two wonderful daughters, and all the day-to-day responsibilities that come with life. Calgary has been my home for over 35 years, and I take great pride in staying on top of the ever-changing real estate market to offer valuable insights to my clients.

With more than three decades of experience as a full-time real estate agent, I’ve seen it all—the ups, the downs, the booms, and the recessions. This extensive experience has equipped me with a deep understanding of market trends and pricing strategies. As a skilled negotiator, I’m here to make sure you get the best deal possible, whether you’re buying or selling. I take your goals as seriously as my own, ensuring that your interests are protected from start to finish.

Having lived in France, Africa, and now Calgary, I’ve been fortunate to experience and embrace diverse cultures. My life journey has also helped me build a strong connection with Calgary’s African French, French Parisian, and French-Canadian communities. I’m fluent in both French and English, making it easier for me to serve a broader range of clients.

I understand firsthand the stresses and complexities of buying, selling, and moving. I know what it’s like to juggle family life, pets, and house showings. That’s why I provide straightforward, no-nonsense information and guidance. My goal is to help you get top dollar for your home and make the entire process as smooth and stress-free as possible.

Over the years, by treating clients the way I’d like to be treated, I’ve earned the trust of many families across generations. Whether you’re a first-time buyer, a seasoned investor, or selling a family home, my commitment to personalized service and attention to detail remains the same.

I’ve been passionate about real estate since becoming a REALTOR® in 1993. My love for helping people and my dedication to this field shines through in everything I do. Whether you’re ready to make a move or just exploring your options, I’m here to provide a five-star experience. Let’s work together to make your real estate journey memorable and successful.

Give me a call and let’s get started! And visit me on Facebook and Google for the latest in all things real estate.

On October 23rd the Bank of Canada (BoC) cut interest rates to 3.75% and it’s more than just a headline in the financial news. For homebuyers and homeowners alike, a rate cut can significantly impact their financial decisions and the cost of owning a home. But how exactly does it affect you? Let’s break it down.

1. Lower Borrowing Costs for Homebuyers

If you’re in the market to buy a home, a Bank of Canada interest rate cut is generally good news. Here’s why:

• Cheaper Mortgages: A reduction in interest rates often leads to lower mortgage rates, especially for variable-rate mortgages, which move in tandem with the BoC’s benchmark. If the rate cut is substantial enough, you might see a drop in fixed mortgage rates as well. This means that your monthly mortgage payments could be more affordable, making it easier to qualify for a mortgage.
• Increased Buying Power: With lower rates, you may qualify for a larger loan amount, giving you more flexibility in the type of home you can buy. For example, a 1% decrease in interest rates could save you thousands of dollars in interest payments over the life of the loan, which can allow you to consider homes that were previously just out of your budget.
• A More Competitive Market: The downside? More buyers can afford homes when rates drop, which may increase competition, especially in hot markets. This demand could drive home prices higher, potentially offsetting the benefits of a lower interest rate.

2. Impact on Homeowners with Mortgages

For current homeowners, the effects of a Bank of Canada interest rate cut depend largely on the type of mortgage you hold.

• Variable-Rate Mortgage Holders: If you have a variable-rate mortgage, you’re in luck. Your monthly payments could decrease as your mortgage rate drops in line with the BoC’s cut. This can free up extra cash for savings, home improvements, or paying down other debts. Keep an eye on your lender’s rate announcements, as they typically adjust their rates soon after the BoC makes a move.
• Fixed-Rate Mortgage Holders: If you’re locked into a fixed-rate mortgage, you won’t see an immediate impact from the rate cut. However, if your mortgage is up for renewal soon, you could benefit from refinancing at a lower rate. This can reduce your monthly payments or allow you to pay off your mortgage faster by keeping the same payments at a lower interest rate.
• Line of Credit & HELOC: For those with a home equity line of credit (HELOC) or other variable-rate loans, the rate cut can lower the cost of borrowing. Since HELOCs are typically tied to the BoC’s rate, a decrease can result in lower interest payments, making it cheaper to tap into your home equity.

3. The Impact on Housing Prices

One of the more indirect, but critical effects of a Bank of Canada interest rate cut is its impact on housing prices. Lower interest rates often spur demand for housing, as more people are able to afford mortgages. This increased demand can push home prices upward, especially in cities or neighborhoods with limited housing supply.

While this is good news for homeowners looking to sell, it can be a challenge for prospective buyers. In some cases, the price increases may outweigh the savings from lower mortgage rates, particularly in high-demand markets.

4. The Bigger Picture: Inflation and Economic Stability

It’s important to remember that the Bank of Canada cuts interest rates to stimulate the economy. Lower borrowing costs encourage spending and investment, which can lead to economic growth. However, rate cuts can also lead to inflation if too much money enters the economy too quickly.

For homeowners, inflation can be a double-edged sword. On one hand, the value of your home might rise as housing prices inflate. On the other, the cost of living, including everything from groceries to utilities, may also increase, which could put a strain on your budget.

Final Thoughts

Whether you’re a prospective homebuyer or a current homeowner, a Bank of Canada interest rate cut can have significant implications for your financial decisions. Lower borrowing costs can make homeownership more affordable and give you more purchasing power, but rising home prices and inflation may counterbalance these benefits.

Stay informed about mortgage rates, consider your long-term financial goals, and if in doubt, consult a financial advisor or mortgage broker to determine how best to navigate rate cuts in your own home-buying journey.

By understanding how these rate changes work and affect you, you can make more informed decisions and potentially save a significant amount of money. Thinking about making a move? Let’s chat! And don’t forget to visit me on Facebook and Google!

The Canadian government is shaking things up for homebuyers with some major changes to mortgage rules, set to roll out in December 2024. Here’s a rundown of what’s changing and how these updates might impact you if you’re looking to buy, build, or renew your mortgage.

What’s New?

Higher Insured Mortgage Cap
For years, buyers needed to put down at least 20% on homes over $1 million if they wanted mortgage insurance. But starting December, the threshold jumps to $1.5 million. This is a nod to soaring housing prices, especially in cities like Toronto and Vancouver, where even modest homes often exceed that old cap.

30-Year Amortization for First-Time Buyers and New Builds
First-time homebuyers and those purchasing new builds will soon have the option of a 30-year amortization period. This means lower monthly payments, though it does lead to more interest paid over time. It’s designed to help more buyers get into the market without overwhelming monthly mortgage costs.

Easier Lender Switching at Renewal
Perhaps one of the most impactful changes, insured mortgage holders will now be able to switch lenders at renewal without having to undergo a stress test again. This opens up more competition among lenders, which could mean better deals for homeowners.

Why These Changes?

The changes aim to make housing more affordable, particularly for young and first-time buyers. With home prices still high and interest rates creeping up, it’s become harder for Canadians to step into homeownership. By increasing the insured mortgage cap and introducing longer amortization periods, the hope is to make housing more accessible.

What It Means for You

• Lower Monthly Payments: The 30-year amortization could help new buyers lower their monthly payments, making homeownership a bit more manageable. Just keep in mind you’ll pay more in interest over the years.
• More Affordable Down Payments: With the new $1.5 million cap, you may qualify for a mortgage with as little as 5% down on homes that previously required 20% upfront. This change could open doors in pricier markets.
• More Lender Options: The ability to switch lenders without redoing the stress test is huge. It means you could shop around for better rates without worrying about disqualifying under the stress test, making mortgage renewals a little less stressful.

My Take on These Changes

Higher Cap on Insured Mortgages: This is bound to be helpful for homebuyers in high-cost areas, especially in Ontario and BC, who’ve been priced out by the $1 million cap. However, it might also fuel demand and potentially raise prices further. Personally, I’ve never liked the cap—it’s always felt like it unfairly favored certain markets over others due to the disparity in home prices across Canada.

30-Year Amortization: The idea here is that it might encourage builders to produce more homes, giving them a competitive edge by making new builds more affordable for buyers. It’s hard to say if this will work as intended, but any measure that can encourage supply growth is worth a shot. For first-time buyers, though, dropping the stress test entirely would likely have more immediate impact. Just as an example: a $400,000 mortgage with a 4.24% rate over 25 years has monthly payments of $2,156. Stretching that to 30 years reduces it to $1,957—a savings of nearly $200 a month, though you’d pay about $50,000 more in interest overall.

Stress-Test-Free Lender Switching: This is the change I’m most excited about. Allowing homeowners to switch lenders without going through the stress test levels the playing field and increases competition. Before, mortgage renewal offers were often less competitive since lenders knew it was hard for homeowners to shop around. Now, with easier lender switching, you can expect better rates, which should save money for many Canadians as they renew their mortgages in the coming years.

These updates represent some of the biggest changes to Canadian mortgage rules in a while, all aimed at tackling the housing affordability crisis. Whether you’re buying your first home, looking at a new build, or preparing to renew your mortgage, these changes bring more options and flexibility. Keep these new rules on your radar if you’re planning to jump into the market soon or have a mortgage renewal coming up. The full impact will become clearer as the rules take effect, but in the meantime, it’s a step towards making the Canadian dream of homeownership a little more attainable and I’ll be with you on your journey.  Don’t forget to visit me on Facebook and Google!

The October real estate statistics have been released by CREB® saying, sales gains for homes priced above $600,000 offset declines at the lower end of the market, resulting in October sales that were similar to last year. The 2,174 sales in October increased over September and stood 24 per cent above long-term trends for the month.

“Housing demand has stayed relatively strong in our market as we move into the fourth quarter, with October sales rising over last month,” said Ann-Marie Lurie, Chief Economist at CREB®. “However, activity would likely have been stronger if more supply choices existed for lower-priced homes. Supply levels in our market are improving relative to the ultra-low levels experienced last year, but much of the gains have been driven by higher-priced units for each property type. This results in conditions far more balanced in the upper end of the market versus the seller’s market conditions in the lower to mid-price ranges of each property type.”

The gains in new listings relative to sales over the past six months have supported inventory gains in the city. As of October, 4,966 units were available, a significant improvement over the near-record low of 3,205 units reported last October. While inventories are starting to reach levels more consistent with long-term trends, the inventory composition has changed as nearly half of all the residential inventory is now priced above $600,000.

Adjustments in supply are helping move the market away from the tight market conditions experienced in the spring. However, conditions remain relatively tight, with 2.3 months of supply and a 67 per cent sales-to-new listings ratio, and the months of supply does vary significantly by price range and property type. For example, detached homes priced below $700,000 are reporting less than two months of supply, while homes priced over $1,000,000 are reporting over three months of supply. This is likely resulting in different price pressures depending on price range and property type.

Overall, the total residential benchmark price was $592,500 in October, over four per cent higher than last October and on a year-to-date basis, averaging over eight per cent higher than last year’s levels. The unadjusted benchmark prices did ease slightly over last month due to seasonal factors, as seasonally adjusted prices remained relatively stable in October compared to September.

Airdrie

While both sales and new listings improved over the levels reported last October, the monthly pullback in new listings was enough to cause the sales-to-new-listings ratio to rise over last month, reaching 67 per cent. While this slowed the growth in monthly inventory levels, the 365 units in inventory is a significant gain over the exceptionally low levels of 213 reported last year at this time. Following three consecutive years of low inventory levels, recent gains are helping shift the market toward more balanced conditions.

A shift away from the extreme sellers’ market has reduced the pressure on home prices. The unadjusted benchmark price was down over last month in October, but it was still five per cent higher than last October. Some of the monthly decline is related to seasonal factors, as seasonally adjusted data indicates prices remained relatively stable over the past four months.

Sales this month improved over last year, keeping above long-term trends for the town. At the same time, new listings also improved, reporting the highest October total on record. Recent gains in new listings relative to sales have helped support some steady gains in inventory levels. However, with 178 units available in October, inventories are still below long-term trends, keeping the months of supply relatively low at 2.3 months.

While conditions are not as tight as in the spring, the shift is slowing the pace of price growth. The unadjusted benchmark price in October was slightly lower than last month but still six per cent higher than last year’s levels. Overall year-to-date average benchmark prices are over nine per cent higher than last year’s levels.

Sales in October improved over last year’s levels as recent gains in new listings provided choices for many buyers struggling with supply options. While the sales gain relative to new listings prevented further monthly gains in inventory levels, the 103 units available in October significantly improved over the near-record low of 66 units reported last October.

With less than two months of supply, conditions continue to favour the seller. The persistent seller market conditions have driven price growth in this market throughout most of the year. While unadjusted prices did ease slightly over last month in October, levels are still over six per cent higher than last October and over eight per cent higher on a year-to-date basis.

Read the full release here www.creb.com/News/Media_Releases/2024/November/Supply_levels_improving_for_higher-priced_homes/ and connect with me for more about the real estate market in and around Calgary. Join me on Facebook and Google for the latest in real estate news!