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Time for a new adventure?
If you're considering selling your Calgary home, we're here to help you smoothly transition to the next chapter. We're experienced and know the market inside out and are ready to showcase your property's unique charm. 

Let's maximize your home's potential!

Jason Streich⁠
Greater Calgary Real Estate⁠
403 807 2204⁠
jason@jasonstreich.com⁠

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Ending A Tenancy For The Sale of a Residential Home

Tenants and landlords may terminate a rental agreement for a variety of reasons, such as: the agreement was breached the tenant found another place to live the landlord wants to end the tenancy for a prescribed reason.

Ending a fixed term

A fixed term tenancy ends on the day specified in the rental agreement, unless both parties agree to an early termination. For example, if the fixed term is from January 1 to December 31, the tenancy automatically ends on December 31. Unless the tenant and landlord make other arrangements, the tenant has to move out by noon on December 31.

The landlord or tenant does not need to give notice to end a fixed term tenancy. It is courteous if the landlord or tenant provides a reminder before the end of the tenancy agreement.

Ending a periodic term

A landlord may end a periodic tenancy if:

  • the landlord or a relative of the landlord wants to move in - ‘relative’ includes any relative by blood, marriage, adoption or adult interdependent relationship
     
  • the landlord agrees to sell the rental premises, all conditions of the sales agreement have been satisfied or waived and the buyer or a relative of the buyer wants to move in
     
  • the buyer must ask the landlord in writing to give the tenant a notice to end the tenancy
     
  • the landlord intends to demolish the rental premises
     
  • the rental premises are a detached or semi-detached dwelling or one condominium unit and the landlord agrees to sell the rental premises and all conditions of the sales agreement have been satisfied or waived
     
  • in these cases, the buyer must ask the landlord in writing to give the tenant a notice to end the tenancy
     
  • neither the buyer nor the buyer’s relatives have to occupy the rental premises
     
  • the landlord is an educational institution, and the tenant was a student at the beginning of the tenancy but is no longer a student
     
  • the landlord intends to use or rent the rental premises for a non-residential purpose
     
  • If a landlord intends to do major renovations that require the rental premises to be vacant or the landlord intends to convert the premises to a condo unit, the landlord must give the tenant one year’s notice to terminate the periodic tenancy. Major renovations do not include painting, replacing floor coverings, or routine maintenance.

All the infomation published in this blog is from the Alberta Governments site https://www.alberta.ca/ending-rental-agreement.aspx

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Embrace Life in Hawkwood, Calgary's Hidden Gem!

Are you searching for the perfect place to call home in Calgary? Hawkwood is where you want to be! Here are 5 compelling reasons why locals cherish life in Hawkwood:

Nature's Paradise: Hawkwood's scenic beauty is a nature lover's dream come true. With Nose Hill Park as your backyard, enjoy endless hiking trails and breathtaking views right at your doorstep.

Family-Friendly Haven: Hawkwood is renowned for its family-oriented atmosphere. Exceptional schools, safe streets, and abundant parks create the ideal environment for your loved ones to thrive.

Community Connection: Hawkwood residents share a tight-knit bond that makes this community truly special. From neighborhood events to friendly gatherings, you'll feel like part of the family.

Accessible Convenience: Enjoy the best of both worlds! Hawkwood offers tranquility and is just minutes away from shopping, dining, and entertainment options, ensuring you have everything you need nearby.

Dream Homes Await: Discover a wide range of beautiful homes in Hawkwood, from cozy starter houses to spacious family residences. Your dream home is right here!

Ready to experience Hawkwood's charm for yourself? Join our welcoming community and find out why we never want to leave!

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Ways to Support Local Businesses
This year, Small Business Saturday is on Nov. 25. A strong small business community helps to create a dynamic and thriving healthy overall community. I am sharing some creative and fun ways on how you can support your local small businesses this holiday season.
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I have sold a property at 4205 24 Hemlock CRESCENT SW in Calgary

I have sold a property at 4205 24 Hemlock CRESCENT SW in Calgary on Oct 10, 2023. See details here

Fabulous floor plan and Great Location in the popular community of Spruce Cliff! This bright and beautiful 2 bed, 2 bath suite with lush new carpets provides a great use of space. The large kitchen has plenty of counterspace, attractive tall maple cabinets, and a rounded breakfast bar with seating for 4. The kitchen is open to a spacious dining & living room with corner gas fireplace and sliding patio doors that lead to the large, sheltered balcony complete with BBQ gas line. The oversize primary bedroom with big windows features a 4piece ensuite and nice walk-in closet. On the opposite side of the suite, the second bedroom has another huge walk-in-closet and is located right beside its own full bathroom with linen closet. There is ample storage in the separate laundry room and a convenient built-in desk for your home office. Two excellent underground parking stalls and a large storage locker are also included. Copperwood’s well planned amenities include a fitness area, party room, guest suite, car wash, wood shop, courtyard and more. Walk to shopping, restaurants, golf, parks and the C-Train station. Call now to view!

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Understanding Agent Participation and Transaction Brokerage in Multiple Offer Bids

In the competitive real estate market, it's may happen that the listing real estate agent will represent both the seller and the buyer in a transaction, and also, but not commonly, in the case of multiple offer bids. While this practice, known as transaction brokerage or double ending, is allowed under certain circumstances, it's important for buyers and sellers to understand the implications and limitations involved. In this article, we'll explore the concept of agent participation and transaction brokerage in the context of multiple bids.

Agent Participation and Limited Representation:

When an agent represents both the seller and the buyer, they have a responsibility to act in the best interests of both parties. However, it's crucial to recognize that in this situation, the agent's ability to fully represent each party's interests may be constrained. They are prohibited from discussing price or motivation with either client, which can affect their ability to provide comprehensive guidance and representation.

Conflicts and Impartiality:

Due to the limitations imposed by transaction brokerage, conflicts of interest can arise. The agent must navigate these conflicts carefully and ensure they remain impartial throughout the transaction. It's important to note that the brokerage has an obligation to be evenhanded, objective, and impartial in facilitating the transaction, but the agent's ability to advocate for either party may be compromised.

Overrides and Written Instructions:

While transaction brokerage is generally subject to the rules and policies set by regulatory bodies and brokerages, written lawful instructions from the seller can override certain guidelines. This means that if the seller provides explicit written instructions that deviate from the standard practices, those instructions may take precedence.

Maintaining Transparency and Fairness:

In situations where an agent is representing both the buyer and the seller in multiple offer bids, transparency becomes paramount. The agent should strive to provide clear communication, disclose any potential conflicts, and ensure that both parties are treated fairly within the limitations of their role. Buyers should be aware that their interests may not receive the same level of advocacy as in a traditional buyer's agency relationship.

When participating in multiple offer bids where the same agent represents both the seller and the buyer, it's important to understand the concept of transaction brokerage and its limitations. The agent's ability to advocate for each party may be limited, and conflicts of interest can arise. Buyers and sellers should maintain open communication, seek clarification when needed, and be aware that written instructions from the seller can override standard industry practices.

When navigating the real estate market, especially in situations involving multiple offer bids, it's crucial to have a dedicated agent representing your interests as a buyer or seller. While it may be tempting to rely on the listing agent who is already involved in the transaction, there are several key reasons why having your own agent is essential:

  • Unbiased Advocacy
  • Expert Negotiation
  • Market Insights and Resources
  • Confidentiality and Representation
  • Peace of Mind

 
In summary, having an agent who represents your interests, rather than relying solely on the listing agent, is crucial in multiple offer bid situations. Your dedicated agent will provide unbiased advocacy, expert negotiation skills, market insights, confidentiality, and overall peace of mind. By having someone solely focused on your best interests, you can navigate the real estate market with confidence, knowing that you have a trusted advisor on your side.

If you have any questions or concerns about agent participation and transaction brokerage in multiple offer bids, it's recommended to discuss them directly with your real estate agent. Transparency and open dialogue will help ensure a fair and informed transaction process for all parties involved.


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Discover Cochrane, AB: Where Community Thrives!

Thinking about a new place to call home? Cochrane, Alberta might just be the perfect pick! Here are the top 5 reasons why locals adore living in this picturesque town:

Breathtaking Views: Wake up to stunning Rocky Mountain vistas every day. Cochrane offers unparalleled natural beauty that's sure to take your breath away.

Small-Town Charm: Cochrane combines modern amenities with a warm, small-town feel. It's a place where neighbors quickly become friends.

Thriving Arts & Culture: Experience a vibrant arts scene, from local galleries to live performances. Cochrane's creative spirit knows no bounds.

Outdoor Adventures: Get your heart racing with endless outdoor activities. Hiking, biking, and exploring the Bow River are just the beginning.

Family-Friendly: Cochrane is the perfect place to raise a family. Great schools, safe streets, and an abundance of parks make it a haven for kids.

Ready to experience life in Cochrane? Join us and fall in love with this extraordinary community!

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September 2023 | Calgary Real Estate Housing Market Update

Sales reached another record high in September with 2,441 sales. Despite the year-over-year gains reported over the past four months, year-to-date sales are still nearly 12% lower than last year's levels.

New listings also improved this month compared to last year and relative to sales. This caused the sales-to-new listings ratio to fall to 76%, preventing further monthly declines in inventory levels.

Nonetheless, inventory levels in September remained over 24% lower than levels seen last year and, when measured relative to sales activity, has not changed enough to cause any significant shift in supply and demand balances. As of September, the months of supply has remained relatively low at less than two months.

In September, the unadjusted residential benchmark price was $570,300, similar to last month and nearly nine per cent higher than last year.

Take control with a solid plan and a team that's committed to your prosperity. Your dream property awaits – let's make it a reality together!

Jason Streich⁠
Greater Calgary Real Estate⁠
403 807 2204⁠
jason@jasonstreich.com⁠ 

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I have sold a property at 514 29 AVE NW in Calgary

I have sold a property at 514 29 AVE NW in Calgary on Oct 4, 2023. See details here

Stunning new high end inner-city home located in the highly neighborhood of Mount Pleasant. With its open floor plan, this property offers a spacious and inviting living space , perfect for entertaining and everyday living. Situated just steps away from the beautiful Confederation Park, this home provides peaceful setting. The attention to details of the property is truly remarkable, evident from top to bottom. The high ceilings, measuring 9’ and 10’ creating an airy and grand atmosphere, complemented by a large windows that flood the space with natural light. You will notice the front and back mudrooms that are equipped with custom-build closets , ensuring a clutter free and organized entryway. The main living area boasts stunning oak hardwood floors that add warmth and sophistication to the space. The kitchen features big central island, stainless steel appliances, including a gas cooktop and wall oven, perfect for culinary enthusiasts. The full height shaker cabinetry and quartz countertop provide ample storage and stylish aesthetic. Adjacent to the kitchen , there is a dining area , perfect for hosting memorable meals . Upstairs , you will find three spacious bedrooms, including master suite with an ensuite bath oasis adorned with beautiful tile throughout . the master bedroom also features a custom build walk in closet with organizers , offering ample storage and functionality. The laundry room, conveniently located on the upper level , is completed with cabinets and a sink for added convenience. Two additional bedrooms with build in closets and an additional full bathroom in between . The basement is fully finished and offers recreational room , an additional bedroom and a full bathroom. It also features a wet bar with a wine fridge , creating the perfect space for entertaining guests . the rough in for in floor heating adds a potential luxury feature to the basement. The front yard and the back yard are fully landscaped and ready for family/ friends gathering . The property’s location is truly unbeatable with proximity to confederation park, pathways, coffee shops, schools, shops and restaurants. Commuting to downtown is a breeze with public transit options just minutes away . Don’t miss out on this incredible opportunity to own a meticulously designed home in the heart of Mount Pleasant. Contact us today to schedule a viewing and experience the best of inner city living.

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September 2023 | Top Agent

Thrilled to be recognized as a Top Agent at Greater Calgary Real Estate for September 2023! Huge congratulations to my phenomenal colleagues, Amelia Dela and Manan Shah, for their outstanding achievements too!

Grateful to our dedicated clients for their ongoing trust in their real estate journeys - your satisfaction fuels our passion! As a Realtor, I love the joy of turning dreams into keys and building lasting connections. Here's to more success and fulfilling dreams together!

Sincerley,
Jason 

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Attached vs. Unattached Goods: What You Need to Know

Attached goods refer to items that are physically attached to the property and cannot be removed without causing damage, such as pipes, screws, bolts, or nails. These goods remain with the property unless there is a specific exclusion in the listing agreement or in the buyer's offer to purchase.

Examples of attached goods include:

  • Garburators
  • Water softeners
  • Kitchen cabinets
  • Built-in appliances
  • Central vacuum systems
  • Garage door openers

 
On the other hand, unattached goods are movable items that sellers typically remove from the property before the buyer takes possession.

Examples of unattached goods include:

  • Wall art,
  • Area rugs,
  • Drapes hooked on curtain rods,
  • Attachments for central vacuum systems,
  • Remotes for a garage door opener,
  • Movable kitchen islands.

Attached goods are typically included with the property, while unattached goods are not.

In cases where it is not clear whether an item is attached or unattached, such as a wall-mounted TV, which is attached to the property through the wall mount but is not attached to the wall mount itself, specific inclusions or exclusions in the listing agreement or buyer's offer to purchase must be consulted. If a buyer wants an unattached good included in the purchase of the property, such as the garage door opener or attachments for the central vacuum system, they need to list it as an inclusion in their offer to purchase. If a seller plans to take an unattached good, they need to put that in a counteroffer to the buyer. In commercial transactions, everything other than the four walls is typically considered unattached and should be specified in a purchase contract.

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.