joe samson's Blog: Calgary Real Estate

No one is really arguing that the boom in Calgary has tapered off in 2007. Okay, the medium price of a single family house has actually dropped about $32,523 from the peak in June. But why did it happen and what can we expect to see in 2008.

The best way to predict the future is by examining what happened in 2007. A lot of self declared real estate experts are now crying wolf that real estate in Calgary is done and finished. Two main reasons why they are saying this is due to the famous Royalty review of the Stelmach government and a more factual reason would be the 7.3% drop of real estate prices in the second half of 2007.

Let’s look at the situation from an optimistic point of view as well. Calgary’s real estate prices have increased by 10.54% since…

By Joe Samson, Calgary REALTOR®

The world is coming to an end! Real estate prices have already dropped $45,000 in Calgary in the last two months and the new royalties will cripple the Alberta economy due to massive project cancellations…. These were some of the headlines you could read in the media in the past weeks. But what is really going on and how is this really going to affect all of us, especially our real estate values in Alberta? A lot of self declared experts are comparing this new royalty hike to the 80’s NEP (National Energy Program) when Alberta’s economy turned into the “Great Depression” and real estate was being bought and sold for $1.

Let’s dig in and get right to the bottom of everything. The number one job of any media is to make a…

By Joe Samson, Calgary REALTOR®

I am sure that you’ve heard about the late night infomercial that claims to teach you everything you need to know to become a millionaire through flipping homes. It seems that everyone knows someone in the Calgary real estate market who has some experience in renovating and selling a house for a profit.

Flipping a house consists of buying a home in need of repairs improve the home as quickly and financially most effective way as possible. The majority of first time home flipping experiences have dreams of making incredible amounts of money in a very short painless experience but it is never that easy. Home renovating TV shows are becoming quite popular among viewers. Some of my favourite ones are where they set a target…