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Over the past few years, Canada’s cost of living has significantly increased. With the price of housing steadily on the rise and interest rates at all-time highs, affordability is a hot commodity. In Canmore, the average home price has gone up. So much so, that it is now rivaling major Canadian cities like Vancouver and Toronto. Because of this, the city is now looking for ways to tackle housing affordability and availability. In 2023, the Town of Canmore began to outline a housing action plan that would begin to find solutions to the housing crisis. More recently, recommendations were made to the town’s council on January 9th, 2024 about how to move forward. In this article, we will be going over some of the details about what’s to come for Canmore real estate for sale and housing affordability. Follow along below to learn more!

The Present Reality of Canmore Real Estate For Sale

Since the beginning of 2023, residents of Canmore have been grappling with a lack of housing availability and affordability. Locals note that many homes are often vacant during the weekdays. 2021 census data indicated that 26% of homeowners in Canmore did not live there full-time. However, it is difficult to pinpoint just how many part-time residents have homes in the town. 

While Canmore has long had the reputation of being a pricey place to settle, many individuals still choose to make it their home. Since 2006, the cost of owning a home in Canmore has gone up 65%. This is about 37% higher than the provincial average. This combined with the fact that more units are termed “tourist homes” than rental apartments, makes the situation even more challenging for permanent residents. In Alberta, the average full-time occupancy rate for housing is 92%. However, in Canmore this figure is substantially lower, sitting at 74%. 

According to CBC, “to keep up with population demands by 2030, a consultant calculated Canmore would need 2,156 units for full-time residents and 500 units to accommodate those with second homes in the town”. Evidently, there is much work to be done to meet the demand for housing and create more affordable opportunities for residents. 

Given this information, Canmore’s livability task force discussed several ways to help reach these goals.

Potential Solutions to Improve Affordability and Availability of Housing in Canmore

  1. Removing Tourist Home Designations

Tourism, while important to the town’s economy, has caused an imbalance in the housing market. This phenomenon is not unique to Canmore, as many other provinces have been dealing with similar issues. For example, in British Columbia, new rules surrounding short-term rentals (STRs) have been introduced to create more housing options for locals. In Canmore, removing the tourist home designation would prevent new tourist homes from being approved after a set date. However, existing tourist homes would remain with this designation. Anyone who continues to operate STRs in Canmore after the date would face a commercial tax rate, regardless of whether the home is being used personally. 

  1. Tax Tools to Support Locals

Another potential solution suggested by the tax force included introducing new tax tools to motivate people to live in their homes full-time. This would come in the form of a rebate program and those who do not qualify would face higher taxes. Officials note that higher tax rates would be introduced gradually so that the town can monitor how the real estate market responds. 

  1. Purpose-Built Rental Incentives

Finally, it was suggested that purpose-built rentals receive some kind of incentive to encourage the development of new projects. Purpose-built rentals are properties that are developed with the sole intention of offering each unit as a rental home. This sort of housing has become increasingly popular in recent years as more young people look to find flexible housing options. One of the proposed incentives was a grant or tax relief program that would exempt new purpose-built rentals from 75% of municipal residential property taxes for 10 years. However, this will come with some conditions. 

Get in Touch Today!

If you are planning on buying or selling Canmore real estate for sale, get in touch today! We are happy to help you achieve this year’s real estate goals. 

Canmore is an incredible area to own a property. Reach out to Alpine Realty today! Learn more about all of the amazing opportunities that come with living in real estate in Canmore. For more information, feel free to message us with any questions or concerns about living in this amazing town. Be sure to check back next month for more real estate-related content!

We look forward to working with you soon! 

Are you looking to buy or sell a property in Canmore in 2024? If you are, you must have all of the information before starting to chip away at this year’s real estate goals! Homes for sale in Canmore and Banff make great lifetime investments. With access to such incredible outdoor amenities and a strong sense of community, it’s no surprise that so many Canadians want to call these towns home. To help you get started with your new year’s real estate goals, we decided it would be best to provide you with a 2024 market outlook. Here, you will find key information about national trends, local insights, and a general idea of what to expect from the market this year. Follow along below to learn more!

Trends and Insights on the 2024 Canmore Real Estate Market

To get a complete understanding of the real estate market in Canmore in 2024, we must examine national trends and their impact on the local market. Recent market forecasts released from RE/MAX and Royal LePage have indicated that Canada will return to near-normal conditions in the months to come. Moreover, the Canadian aggregate home price is anticipated to rise by 5.5% year-over-year to $843,684.

As for interest rates, most experts predict that the Bank of Canada’s key lending rate will remain stable at 5% through the first half of 2024. During the second half of the year, it is expected that modest cuts will be made by the central bank. For this reason, several lenders are already offering discounts on fixed-rate mortgages. This year will likely mark the start of a general acceptance from Canadians towards the new normal for interest rates. For those looking to enter the market, 2024 could present more stability and affordability compared to previous post-pandemic years. 

Major housing markets in Alberta like Calgary and Edmonton are gearing up for a year of high demand. With home prices in provinces like Ontario and BC as high as they are, affordability is hard to come by. Because of this, 2024 will see numerous move-over buyers relocate to Albertan cities. Increased numbers moving to the province could bring more demand to recreational markets like Canmore and Banff. Inventory may become stringent as a result of the influx of new residents looking for places to call home and investors looking to capitalize on cheaper real estate. 

Buying and Selling Vacation Homes for Sale in Canmore in the New Year

Canmore’s epic location in the Rockies has long attracted those seeking a mountain retreat or second home. The town’s proximity to Banff is an added benefit that makes Canmore such an incredible destination. Whether you’re looking for a permanent home or a recreational property, Canmore has plenty to offer. In 2024, the demand for second homes and vacation properties is expected to remain strong. Nearly 40% of the Canmore housing market was made up of recreational properties in the fourth quarter of 2023.

Despite rising interest rates, buyers looking for vacation homes in Canmore have not been dissuaded. In fact, most buyers coming to purchase properties in the area are buying houses without financing. The continued demand for properties in Canmore has resulted in local home prices growing steadily. Canmore’s median home price for recreational detached properties is roughly $1.7 million. On the other hand, recreational condos are sitting just below $700,000.

At the end of 2023, Canmore’s Town Council approved a 7.6 percent increase in municipal tax for the new year. This was done to collect $77 million to run all municipally-led tax and utility-supported services in the area. Consequently, for homeowners who own a property in Canmore valued just under $1M, the annual tax increase would be approximately $150. Between new mid-single-digit interest rates and higher taxes, buyers should be wary of the cost of living. In markets like Canmore where properties are largely comprised of luxury vacation homes, affordability is hard to come by. 

Contact us Today!

If you are planning on buying or selling homes for sale in Canmore, contact us today! We are happy to help you achieve this year’s real estate goals. 

Canmore is an incredible area to own a property. Reach out today to learn more about all of the amazing opportunities that come with living in real estate in Canmore. For more information, feel free to message us with any questions or concerns you have about living in this amazing town. Be sure to check back next month for more real estate-related content and visit our social media page!

We look forward to working with you in 2024! 

Fall is almost over! And, if you’re anything like us, you’re eager for the 2023/24 ski season. But, before we can enjoy the winter activities that Canmore and Banff are renowned for, it’s a good idea to prep your home for the change in weather ahead. Winterizing your home is an essential step in preserving its value. Not to mention, a great way to safeguard yourself from unexpected repairs. Whether you are a winter veteran or a total novice, we hope to provide you with some insightful tips about how to get homes in Canmore ready for an Alberta winter. Follow along below to learn more!

How to Winterize Homes in Canmore

  1. Clean Your Gutters

Cleaning your gutters is a must-do task that every homeowner should complete before the seasons change. While it is good practice to empty your gutters a few times per year, it is especially important to do so before winter. During the winter months increased precipitation and freezing temperatures can pose several risks to your home. Namely, water damage. If your gutters are clogged with debris, this can prohibit drainage. Thus, increasing the probability of household leaks. If you are not comfortable with doing this yourself, consider hiring a professional to get the job done. Most service providers can have the task completed in two hours. 

  1. Check Your Roof

Besides your foundation, the roof of your home is one of the most important features. As the weather cools and snow begins to fall, the integrity of your roof will be tested. To make sure that your roof can handle Old Man Winter, it’s a good idea to get outside and inspect it. When checking your roof be sure to keep an eye out for missing, loose or broken shingles.  Furthermore, you’ll want to make note of any damaged, rusted, or missing metal flashing. If you have a flat roof check that: there are no tears/holes in the surface, it’s free from mould, and the seals are in good shape. 

  1. Blow Out Sprinkler Lines

Another item you won’t want to forget is blowing out your sprinklers. If your home has an underground sprinkler system, you’ll want to make sure that these lines are free of water before temperatures dip below zero. Failing to do so can cause the pipes to crack or break, which means your irrigation system will not work come spring. If you’re not sure how to do this, contact a local landscaping company for help! 

More Ways to Prepare

  1. Make Sure You Have The Right Equipment

Before winter arrives, make sure that you take inventory of the winter tools you have on hand and what you need to replace/invest in. For example, you’ll want to ensure that you have a snow shovel, snow brush, the appropriate tires for your vehicle and new batteries in your alarms and detectors. Having the right equipment will make the winter season that much more manageable! Visit your local hardware store to stock up.

  1. Don’t Leave Any Gaps

When you winterize your home, it is a good idea to look for gaps in the sealant around your doors and windows. If you find any, make sure to patch them up before the cooler weather hits. Adding weather stripping to doors and caulking any gaps around your window will make your home all the more insulated. By completing these tasks, you can help to reduce your heating costs and make sure that your home is free of drafts. 

  1. Test Your Heating System

Last but not least, while preparing your home for winter, it is a good idea to test out your heating system. After all, no one wants to experience an Alberta winter without heat! Call an HVAC specialist to come and check out your furnace to ensure that it is fully operational. Typically, as part of this service, HVAC professionals will clean your furnace and change the filter for you. 

Contact us Today About Homes in Canmore!

If you are planning on buying homes in Canmore, contact us today! We are happy to help you determine if Canmore is the right place for you to settle down. 

Canmore is an incredible area to own a property. Reach out today to learn more about all of the amazing opportunities that come with living in real estate in Canmore. For more information, feel free to message us with any questions or concerns you have about living in this amazing town. Be sure to check back next month for more real estate-related content and visit our social media page! We look forward to working with you in the near future! 

Moving to a small town certainly has a charm to it. With more and more remote work options, it has become much easier to live outside of large city centres. The flexibility to live where you want has left many Canadians wanting to escape big city life. However, moving to a small town comes with its pros and cons. If you’re considering buying Canmore homes for sale, but not sure if it’s the right move for you, we encourage you to read this article! In the post, we’ve taken it upon ourselves to list some of the benefits and drawbacks of living in a small town like Canmore. Be sure to consider the following factors before making the decision to uproot for a smaller community.   

Cons of Small Town Living: Canmore Edition

  1. The Price of Living in Canmore Isn’t Much Cheaper Than in the City

One of the reasons that people decide to live in a small town is because it tends to be cheaper than living in the city. However, in Canmore, this is not the case. Buyers will quickly notice that the cost of living in Canmore is very high. This is because of the demand for housing, incredible local amenities, and strict housing regulations. If you’re interested in moving to a small town for cheaper real estate opportunities, Canmore is not the right place to settle down.

  1. Fewer Transportation Options

Another downside to living in a small town like Canmore is the fact that public transit options are limited. Nearly all residents who live in Canmore rely on their own vehicles to get around. If you don’t already own a car, you’ll want to think about investing in one. Preferably something that can handle the long Alberta winters. For those who are currently getting by without a car in the city, this is a cost you’ll want to factor in before your move. Be sure to account for maintenance, gas and insurance prices in addition to the total cost of the vehicle. 

  1. Long Winters

Albertans will be the first to tell you about the long winters across the province. From icy temperatures to snow that just doesn’t go, winter can be dreadful. However, if you enjoy skiing and other snowsports, the long winter might be just what you’re looking for. Make sure you think about your tolerance for winter before making the move to a town like Canmore!

Pros of Small Town Living in Canmore Homes for Sale

  1. Location & Access to Nature

Living in Canmore gives you access to some of the best outdoor experiences in Canada! From world-class ski resorts to awesome restaurants, Canmore has it all. In the summer, enjoy hiking, biking, mountaineering, or rock climbing. You can also head to the Bow River for an epic canoeing experience. Once winter arrives, ski and snowboard until your heart’s content! There are also a number of cross-country ski opportunities, skating, and other winter activities. The location and access to nature are Canmore’s biggest draws!

  1. Low Crime Rate

Living in Canmore, you can feel safe knowing that the crime rate is very low. Crime rates in Canmore have consistently been ranked below the national average. In fact, they are among some of the lowest in the whole country. The only thing you need to be on the lookout for is wildlife. Thankfully, most wildlife in the area is not naturally aggressive and will normally avoid human contact. 

  1. You Aren’t Far From the City

Another pro to living in the Canmore, is that you are only a hop, skip and a jump from one of Alberta’s biggest cities—Calgary! If you’re worried about missing out on big city attractions like concerts, sports games, and nightlife, don’t fret. Calgary is only an hour’s drive from Canmore. Thus, making it a short trip back into the city. This way you can still reap the benefits of big-city living without actually having to live in the hustle and bustle. 

Contact us About Canmore Homes for Sale

If you are planning on buying Canmore homes for sale, contact us today! We are happy to help you determine if Canmore is the right place for you to settle down. 

Canmore is an incredible area to own a property. Reach out today to learn more about all of the amazing opportunities that come with living in real estate in Canmore. For more information, feel free to message us with any questions or concerns you have about living in this amazing town. Be sure to check back next month for more real estate-related content and visit our social media page! We look forward to working with you in the near future! 

Making an all-cash offer on a property in Canmore can be a tempting decision. Especially, if you have the funds to do so. By making an all-cash offer, buyers can forgo the lending process and stand out against the competition. In a market like today’s, this can be incredibly advantageous. However, it is important to understand that making an all-cash offer is not all sunshine and rainbows. In fact, without proper consideration, an all-cash purchase can be a detriment to your financial well-being. To help you better understand the pros and cons of buying a property in cash, we’ve gone ahead and outlined some of the key details you need to know. Follow along below to learn more. 

What’s an All-Cash Offer?

An all-cash offer is pretty well what you’d expect—an offer on a home where the buyer plans to pay for the home without external funding. Thus, removing the need to secure a mortgage. Since buyers who pay in cash do not need to go through the mortgage process, the sale of the home can be processed much quicker. It is important to note that not all buyers who pay in cash intend to live on the property they are purchasing. In many cases, buyers will purchase in all cash with the intent of using the property for income. 

What are the Pros of Buying a Property in Canmore in Cash?

If you have the financial stability to make an all-cash offer, there are several pros. However, regardless of how financially able you are to buy the property without a mortgage, it is still a smart idea to weigh the advantages and disadvantages involved. So, let’s take a look at some of the benefits of an all-cash offer:

  1. Long Term Savings

It should go without saying that buying a home in cash will lead to immense long-term savings. This is because you won’t need to pay interest on your purchase. Factor in current Canadian mortgage rates, and it’s easy to see how a cash purchase can save you thousands!

  1. Stand Out From Other Buyers

Besides saving money on interest, making an all-cash offer is a great way to stand out from other buyers. In a competitive market, this can make all of the difference in you getting the home of your dreams! Not to mention, sellers will be more attracted to your offer since there is less that can go wrong. Thus, giving you the upper hand in negotiating. 

  1. Cheaper Closing Costs

Another perk of paying in cash is that you’ll lower your closing costs. Not having a loan means that you won’t have to pay any of the fees that lenders require at closing. For instance, reviewing your application, checking your credit score, processing your application, etc. 

  1. Faster Transaction

Finally, buying a home without a mortgage will speed up the transaction. Instead of waiting for lenders to process your application and make final considerations, you can skip to the important stuff. 

What are the Cons of Making an All-Cash Offer?

While buying a home in all cash may seem like a no-brainer, some serious cons can arise if you aren’t careful. To get a better idea of this, let’s take a look at some of the disadvantages of buying without borrowing:

  1. Not Enough Liquid Assets

Even if you’re financially able to purchase a home in all cash, you must consider how it will impact your financial situation. For some, buying a house in all-cash could mean that all of their money gets tied up in their house. This can be incredibly dangerous/risky. Having few liquid assets can make it difficult to afford the additional expenses that go along with owning a house. For instance, repairs, maintenance, property taxes, and renovations. If you are planning on buying in all-cash it’s a good idea to speak with a financial advisor to make sure that you aren’t putting yourself in a position you’ll regret. You should also have a substantial emergency fund to ensure all of your bases are covered. 

  1. It’s Easy to Skip Steps

When buying a home in cash, it becomes a lot easier to forgo key steps in the buying process. This is especially true since no lender is forcing you to complete tasks like appraisals and home inspections. Even if you are buying without borrowing, you must complete all the necessary steps to ensure you are making a sound investment. 

  1. No Mortgage Tax Deductions

Another disadvantage of buying a property in cash is that you skip out on the mortgage tax deductions. When tax season rears its head, homeowners with a mortgage can write off the taxes on their interest payments. For those who pay in cash, this deduction is not applicable. 

Contact us Today!

If you are planning on buying a property in Canmore in cash, contact us today! We are happy to help you determine the best course of action when it comes to buying a new home. 

Canmore is an incredible area to own a property. Reach out today to learn more about all of the amazing opportunities that come with living in real estate in Canmore. For more information, feel free to message us with any questions or concerns you have about living in this amazing town. Be sure to check back next month for more real estate-related content and visit our social media page! We look forward to working with you shortly! 

Over the last few years, the Canadian housing market has become increasingly competitive. With interest rate hikes and the growing needs of homeowners, it has become difficult for Canadians to find a home. Demand for housing has driven up prices while supply, in many areas, continues to rest at an all-time low. These conditions are especially true for those who live in amenity-rich areas like Canmore and Banff. If you’re hoping to buy a home in today’s competitive market, it is important that you have all of the information. In this article, we are going to be going over some tips and advice for buying Canmore houses for sale in a competitive market. Follow along below to learn more!

How to Buy Houses for Sale in Canmore in a Competitive Market?

  1. Get to Know the Market Conditions

Before you start hunting for homes, it’s crucial that you get familiar with the market you are buying in. This is especially important for those who are buying from out of town. In Canada, the housing market is influenced by a number of factors. For instance, the economy, the population, and interest rates. Keeping these factors in mind will allow you to stay ahead of the game. It can also provide you with some insight into what affects supply and demand. Being knowledgeable about market conditions is a must when buying a home in a competitive market. 

  1. Nail Down Your Budget

Once you’ve got a strong grasp of the market conditions, it’s time to nail down your budget. Having a solid understanding of what you can afford is critical when searching for a home. Many people assume that determining your budget is limited to the price tag of the home. However, coming up with a sufficient buying budget means planning out the costs of homeownership as well. For instance, you’ll need to account for items like property taxes, insurance and maintenance. Crafting a realistic budget will give you a clear understanding of what homes you can afford and what homes are out of reach. A concrete budget is a foolproof way to narrow down your home search. 

  1. Get a Mortgage Pre-Approval

Another item you’ll want to tick off before starting your home search is getting a mortgage pre-approval. Mortgage pre-approvals are designed to give you a clear depiction of what you can afford. In addition to this, they also let sellers know that you’re serious about buying a home. Not only this, but pre-approvals can also help speed up the home-buying process since your lender will have already evaluated your financial situation. 

canmore houses for sale

More Tips & Advice!

  1. Hire a Real Estate Agent

Working with a real estate agent is a great way to ensure your success when buying in a competitive housing market. Great agents are knowledgeable about the market in your desired area and can provide you with helpful information. Furthermore, when it comes time to put in an offer, your agent will ensure that your price is right. Hiring a skilled real estate agent will make a difference in your home-buying experience. 

  1. Get Ready to Make Decisions on the Fly

In a competitive market, property tends to move fast. This is why it is essential that buyers are prepared to make decisions on the fly. One way to do so is by staying informed about new listings and not being afraid to put in an offer. It is during this step that having your finances in order can make all of the difference. Timing is a big part of buying in a competitive market, so talk with your agent about when the right time to put in an offer on a house is.

  1. Have an Open Mind

To successfully buy a home when the market is hot, it’s best to keep an open mind. Being flexible will provide you with more possibilities to find the right property for you and your family. This means being open to looking at homes in different neighbourhoods, price ranges, and property types. By keeping an open mind, you can up your chances of finding the perfect house that meets both your needs and your wants. 

Contact us About Canmore Houses for Sale

If you are planning on buying Canmore houses for sale, contact us today! We are happy to help you during the home-buying process. Canmore is an incredible area to own a property. Reach out today to learn more about all of the amazing opportunities that come with living in real estate in Canmore. For more information, feel free to message us with any questions or concerns you have about living in this amazing town. Be sure to check back next month for more real estate-related content and visit our social media page! We look forward to working with you in the near future! 

Owning a house for sale in Banff is a desirable investment for nearly all Canadians. With endless amenities and jaw-dropping, 360-degree views, it’s no wonder that so many people want to call Banff home. But, how does one acquire real estate in Banff? And, is it really all that worth it to make Banff your permanent home? In this article, we hope to answer all of your most common questions about buying a house for sale in Banff. Follow along below to learn more about real estate in this famed national park. 

Why Choose Banff? The Pros.

  1. Outdoor Paradise & Lots to Do

One of the best advantages of living in Banff is that you get to experience its outdoor landscape every single day. For example, head to one of Banff’s numerous renowned ski hills like Norquay or Sunshine Village for an afternoon of hitting the slopes. Or, take your pick of one of many hiking, biking and running trails and explore the environment around you. Besides the paradise in your backyard, Banff is a cure-all for boredom. Since it is a tourist hotspot, there’s always something to do—especially, if you love being outdoors!

  1. Sense of Community

Another perk of living in Banff is the incredible sense of community. Since living in Banff is no easy feat, there is a very minimal permanent population. This helps to foster a tight-knit community.

  1. Great Business Economy

As you may have suspected, Banff’s biggest economic driver is tourism. Tourism is the primary factor in why the Banff economy has been able to do so well over the past few years. 

Why Not to Choose Banff? The Cons.

  1. Need to Reside Clause

The Need to Reside clause is something that all prospective buyers must understand. The government of Alberta has made it incredibly difficult for just anyone to purchase property in Banff. This is all with the goal of preserving the natural environment. However, unfortunately, this pushes out even the most well-intentioned buyers. In order to satisfy the Need to Reside Clause, you must have an active or planned business within the town, a blood relation to another person in the town, or have lived in the park since 1981. 

  1. Abundance of Tourists

Banff is a lot of things, but big isn’t one of them. This small mountain town gets millions of visitors every year, during all seasons. If you aren’t into the tourist town vibe, then perhaps Banff isn’t right for you. 

  1. High Cost of Living

In addition to all of this, Banff also boasts a high cost of living. Its desirability and prestige make Banff real estate in high demand. So, naturally, you can expect the price of housing and everything else to be above average. 

How to Buy a House for Sale in Banff?

Buying a house for sale in Banff is no easy feat. And, buyers must understand that owning a home in a national park like Banff comes with some caveats. So, let’s say that you meet the Need to Reside Clause and are able to now purchase a property in Banff: how do you do it? 

Well, buying a home in Banff is similar to buying a home anywhere else in Canada—with the exception that all properties in Banff are held in a leasehold title ownership. This means that those who buy a home in Banff will only have ownership over the structure(s) on the property, but not the land itself. Contrastively, when you buy a home in other cities in Canada, your ownership is generally fee simple. This allows you to own both the land and buildings on it. 

Who Can Live in Banff?

The only people who can live in Banff are the ones who are eligible by the Need to Reside clause. Some of the reasons that you may be permitted to live in Banff include:

  • Business owners who operate a business in the park that is necessary for day-to-day operations
  • Those who live in the park for five successive years directly before they retire. 
  • Anyone who is a full-time student at a school within the park
  • Any person who is a spouse, common-law partner, or dependent of an employee of the park
  • Anyone who has primary employment in the park

Contact us About Buying a House for Sale in Banff!

If you are interested in purchasing a house for sale in Banff contact us today! Banff is an incredible area to own a property. Reach out today to learn more about all of the amazing opportunities that come with living in real estate in Banff. For more information, feel free to message us with any questions or concerns you have about living in this amazing city. Be sure to check back next month for more real estate-related content and visit our social media page! We look forward to working with you in the near future!

Getting real estate jobs Canmore is a simple process for those who take the time to complete each step. Last month, we went over the first two steps in becoming a REALTOR® in Alberta.  Becoming an agent is a rewarding and in-demand career. One of the most common questions that we get about being an agent, is what the process is like to get your real estate license. It can be hard to find the right information about starting your career as an agent. However, that’s why we wanted to write this article series about how you can obtain your real estate license in Alberta! In this post, we cover the last steps in getting your real estate license.

Follow along below to learn more about this topic!

Step 3: Get a Criminal Record Check for Real Estate Jobs in Canmore

As you get closer to obtaining your real estate license, you must have a certified criminal record check (CCRC) completed. A CCRC is a certified fingerprint-based criminal record search for non-criminal purposes that is conducted by the Royal Canadian Mounted Police (RCMP) in Ottawa. This can be done by your local law enforcement branch upon your request. RECA needs to have received and processed your CCRC before you can become licensed. Furthermore, if you are an agent who has not been licensed with a brokerage in the past 12 months, then you also need to submit a CCRC.

The reason that RECA requires you to have a CCRC is to insure buyers and sellers that agents are reputable. Moreover, requiring a CCRC helps to prevent mortgage fraud. If you are curious about how long it will take, you can visit the RCMP website for approximate processing times. Generally, you can expect the process to take 2-3 weeks. In addition, if you want to avoid delays, your CCRC can be completed no more than 6 months prior to the data you apply to RECA for your license. This is because your CCRC is only valid for 6 months!

Once your CCRC has been processed by RECA, you will receive an email. 

Step 4: Join a Brokerage like RE/MAX Alpine Realty!

The next step is to join a brokerage. In order to get a real estate license, you need to be employed by a brokerage. As you look for a brokerage to work with, it is important that you take your time—just as you would when finding any new job. Not all brokerages are created equal. So, it is important to find one that matches your best interests. For example, do you want to work somewhere with lots of opportunities for mentorship? Do you want the brokerage to be big? Small? 

Before you make your decision, consider making a list of things that you want in your ideal brokerage. This will help you weed out some of the options. Moreover, when you are meeting with brokers about joining their team, be sure to ask lots of questions. Below, we have listed some inspiration for questions you might want to ask:

  • How are new agents supported in this brokerage?
  • Are there any costs associated with brokerage training or support?
  • Does this brokerage offer any continuous learning opportunities?
  • Does the brokerage pay commissions by cheque or direct deposit? 
  • What resources are available to agents at this brokerage?
  • What areas of real estate does this brokerage generally practice?
  • Is this brokerage part of a franchise? If yes, what does this mean for agents?
  • How many people are employed by this brokerage?
  • How long has this brokerage been in operation?
  • Who will pay for my licensing fees?

Once your brokerage hires you, you will need to complete employment contracts and your licensing application.

Step 5: Apply for your Real Estate License in Alberta

Congratulations! You’re on the last step of your journey to becoming a licensed real estate agent! Now that you have been hired by a brokerage, your broker will begin the licensing process. In order to complete the process, they will need to have your myRECA username. Once they begin the process, you can complete the remainder of the application from your myRECA account. Then, your broker will review your application and determine if they are going to accept it or not. If your license application is successful, either you or your broker will need to pay the licensing fees. As soon as your fees have been paid, you are ready to begin work as a real estate agent!

Contact us About Real Estate Jobs in Canmore!

If you are looking for real estate jobs in Canmore, contact us today! We’d be happy to help you get started with a career in real estate. For more information about the process of becoming an agent, check back on our blog next month for part two of obtaining your real estate license. Additional information about becoming an agent can be found here. Be sure to stay tuned to our social media for more exciting content!

Obtaining careers in real estate is a simple process for those who take the time to complete each step. Becoming a real estate agent is a highly rewarding and in-demand career. One of the biggest questions that we receive about becoming an agent, is what the process is like to get your real estate license. It can be hard to find the correct information about starting your journey as a REALTOR®. However, that’s why we wanted to write this article about how you can obtain your real estate license in Alberta. In this post, we cover the most up-to-date information about the initial process of becoming a real estate agent. Follow along below to learn more about this topic!

Step 1: Meet the Eligibility Requirements for Careers in Real Estate

The first step to becoming an agent is to meet the minimum requirements for eligibility. It’s important to get approved by the Real Estate Council of Alberta (RECA) before you enroll. In fact, at RECA, they’ll check your eligibility requirements to ensure that you are able to enroll. In order for a person to qualify by RECA’s standards, you must:

  1. Be 18 years of age or older
  2. Be able to study or work in Canada lawfully
  3. Be able to provide specific government-issued identification
  4. Have a minimum of a Canadian high school diploma or equivalent
  5. Must be proficient in English

Next, you’ll need to set up a myRECA account. This account allows you to access the myRECA educational platform that allows you to take real estate exams in Alberta. Accounts are free and it only takes a few minutes to create. 

Once you’ve created your account, navigate to the “Education Eligibility Application”. This is how you’ll submit your application to RECA.

Requirements for education and English ability are different for those who received a Canadian education Vs. an international education. If you meet the requirements for education, then you’ll be required to take an English language proficiency test. Again, the language proficiency test differs depending on whether you received a Canadian or international education. 

After you’ve been approved for the education and English language requirements determined by RECA, you’ll need to partake in a brief information session. These sessions are usually done in video format and are provided by RECA. Typically, the video is around 10 minutes in length and covers all of your options as a future real estate agent. This video should serve as a guide for the type of real estate licensing you’d like to obtain.

Step 2: Start your Pre-Licensing Education

Once approved by RECA, you need to complete the pre-licensing education. Your pre-licensing education is critical in obtaining your real estate license. In order to get your license and apply for pre-licensing, you must take a minimum of two courses with RECA. 

As part of your two-course minimum, you must complete the Fundamentals of Real Estate class. This is a mandatory, online course that all applicants must take. Within this course, you will learn foundational skills and knowledge to ensure that you can practice real estate in Alberta. The curriculum is laid out into 10 different units with activities and quizzes to track your progress. This class is conducted online and costs $1250. You can register for this course via the RECA website. Furthermore, the course fee includes access to online course materials like the e-textbook and course manuals. 

Exams can be taken at any authorized exam centres. You can book your exam and check where the nearest exam centre is to you via your myRECA account. 

Besides the mandatory course mentioned above, you will also need to take a specialty course of your choice. This course will determine what area of real estate you’d like to focus on. Some of the options include:

  1. Residential real estate
  2. Commercial real estate
  3. Rural real estate
  4. Property management 

You must take one of these courses to get your real estate license. However, you are more than welcome to take additional specialty courses. Most individuals begin with a specialty in residential real estate and then take further courses later on when they want to expand their area of expertise. Moreover, each course costs $800.

These courses are not to be completed at your own pace! You must finish your minimum two courses within 1 year of being enrolled in them!

Contact us Today About Careers in Real Estate!

If you are looking for careers in real estate, contact us today! RE/MAX Alpine Realty is happy to help you get started in a career in real estate. For more information about the process of becoming an agent, check back on our blog next month for part two of obtaining your real estate license. Additional information about becoming an agent can be found here. Be sure to stay tuned to our social media for more exciting content! And don’t forget to meet the team!

2023 is finally here! And, we are excited to bring you fresh blog content for the new year. Our team has been working hard to plan tons of new and helpful content. Everything from agent advice to buyer and seller tips are coming your way in the next few months. To kick off this year’s content, we wrote an introductory post with some new year’s resolution inspiration for those with jobs in real estate! Being an agent comes with all sorts of challenges. So, it is important to set yourself goals to stay on track and ensure that you are always progressing. If you are an agent who is looking for some goal-setting inspiration for 2023, continue reading the article below for more info!

Goal Setting for Jobs in Real Estate.

  1. Be Proactive

Being proactive rather than reactive is a great resolution to implement in 2023. Nothing says professional better than an agent who is well-prepared and level-headed. Especially in the face of adversity. One of the best ways to become proactive is by setting goals and breaking them down into smaller chunks so that you can achieve them easier. For example, if your goal is to sell 25% more houses in 2023, you might set smaller goals to reach this like:

  • Go to a networking event every month
  • Build a better social media presence by producing monthly content
  • Strengthen your relationship with the local community by attending events and volunteering
  1. Build Brand Awareness

Brand awareness is an integral part of any business. Whether you are a real estate agent or a baker, building brand awareness is of the utmost importance. Having people actively recognize who you are and what your values are will drastically increase your chances of gaining leads. But how can you build brand awareness in 2023? The answer is simple—time and content. The best way to build brand awareness in today’s digital society is online. So, creating social media content, building out a blog, and having a strong website can be all you need!

  1. Create Relationships

Another great goal to set for yourself in 2023, is to create more relationships with potential buyers and sellers. One of the best ways to create relationships with people in your community is to attend local events. Getting yourself out there so that community members begin to recognize you is half of the battle. Furthermore, if you are looking to build more relationships, try picking up a new hobby. Hobbies are a great way to meet new people within your community. 

More Goals to Set!

  1. Better Your Customer Experience

Customer experience is key to client retention. Moreover, a good customer experience means that you are more likely to get a referral or a good review. Since the real estate industry is built off of relationships and who knows who, good customer service is critical to your success as an agent. But how can you better your customer experience? Here are some of the ways you can improve client satisfaction in the new year:

  • Be communicative and respond to clients in a timely manner
  • Update key information like contact info and faqs so everyone is in the loop
  • Be available as much as possible
  • Be personable when interacting with clients
  1. Build Your Knowledge

Many business professionals get all too comfortable after years of working in the same position. This is a recipe for hitting a plateau and often results in a decline in sales. In order to stay on top of the competition and continue to build your success, you must have a student mentality. In essence, in order to grow you must build your knowledge on a regular basis. Learning about new property trends, best practices, and new legislation is crucial in your development as an agent. 

  1. Update and Refresh

If you are still using the same headshot, website, and logo from 2001, it might be time for a refresh. Updating your headshot can breathe new life into the look and feel of your brand. Furthermore, refreshing your website can attract new leads and improve customer experience. Overall, it is good practice to update and refresh key elements of your brand in order to stay relevant and make sure everything is functioning properly. 

Contact Us Today!

If you are looking for jobs in real estate in 2023, contact us today! We’d be happy to help you get started with a career in real estate. For more information about what goals to set as an agent in the new year, be sure to reach out to one of our team members. We look forward to helping everyone from agents to buyers and sellers in the next 12 months. Be sure to stay tuned to our blog and social media for more exciting new years content. Wishing everyone the best in 2023!