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The latest and greatest real estate news from Tania & Tina.
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Welcome to your January 2016 Update!

Happy New Year!

What's New? 
A few noteworthy events I've been to recently:
1.  Wining and Dining in the Dark:  This was a fantastic evening put on by the events team at Crowfoot Liquor. For 2 hours we were blindfolded while sampling a flight of wines & managed to get through an appetizer, dinner, and dessert. The idea is that tastes & textures change with the lack of sight, and certain aromas can become more profound.  It was such an enjoyable & unique experience and we'll definitely do it again! 
2.  Breakout Calgary:  A new trend in entertainment - trying to solve your way out of a locked room before the timer gets to zero. I wasn't 100% sold on this, but did it because my husband really wanted to try it. IT WAS AWESOME! I really really enjoyed it and with at least 4 companies around Calgary doing them, we'll definitely do it again soon. This is despite that fact that I'm not exactly a clue mastermind, and would most definitely have been suck in room forever if not for the more puzzle saavy folks I was with.  :)
 
Market Update:  
Prices have remained stable despite the slower economy and January is off to a steady start. The 2016 CREB Forecast was yesterday, and the Calgary Real Estate Board is projecting that sales activity will decline by about 2 per cent this year, with the annualized benchmark price falling by 3.44 per cent to $438,652. 

CIR - Master Bedroom Makeover!
Are you interested in winning a MASTER BEDROOM MAKEOVER valued at up to $10,000.00?  Simply click on the below link to enter!  Note: This is a quick contest - it closes on February 7th and CIR will be doing the final draw on February 11th. The lucky winner will be notified just in time for Valentines Day!  

 
Changes to Minimum Home Down Payment Rules

Starting on February 15, 2016, the Federal Government is doubling the minimum down payment for insured mortgages to 10% from 5% for the portion of a home’s value from, $500,000 to $1-million. Down payment rules for mortgages on properties selling for less than $500,000 will be unchanged. The government had already restricted mortgage insurance to homes values at less than $1-million, and the new rules leave the minimum down payment for more expensive homes unchanged at 20%. According to the Finance Minister, Bill Morneau, the new rule will help create stability for the overall market, as well as help ensure Canadians take the right approach to investing in a home. - source, The Globe and Mail

What is YOUR home worth?

Contact us for a Market Evaluation!  Our goal is to meet all of your real estate needs - we look forward to hearing from you and we are happy to answer ANY questions you may have!  

rescalgary@gmail.com  
www.TaniaKing.com
Tania:  403-813-4448
Tina:    403-891-9142

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#144, 1935 32 Avenue N.E.
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