In the world of real estate, it’s tempting to look for ways to cut costs, especially when it comes to commission fees. Discount brokerages often market themselves as a way to save thousands in commission, but what they don’t tell you is that you could be leaving significantly more money on the table. While their fees may be lower upfront, an experienced real estate agent can help you net more in the long run.

The Numbers Don’t Lie: Experienced Agents Deliver Higher Profits

The National Association of Realtors (NAR) reports that homes sold with a full-service agent sell for 13% more on average than those sold by owners or discount brokerages. When you consider that a 13% price difference on a $400,000 home equals an additional $52,000, it quickly becomes apparent that the so-called “savings” of a discount brokerage are minuscule in comparison.

The Real Value of an Experienced Real Estate Agent

1. Expert Pricing Strategy
   A discount brokerage may list your home based on generic market data, but an experienced real estate agent uses local expertise, market trends, and in-depth comparative analysis to price your home strategically. The right price attracts serious buyers and maximizes your final sale price.

2. Superior Marketing Power
   Full-service agents invest in professional photography, videography, staging, and high-visibility online listings to showcase your home in the best possible light. Discount brokerages often rely on minimal exposure, which can mean fewer buyers and lower offers.

3. Skilled Negotiation
   Selling a home isn’t just about finding a buyer; it’s about securing the best possible price and terms. An experienced agent is a skilled negotiator who knows how to handle counteroffers, navigate inspections, and ensure you get top dollar while protecting your interests.

4. Guidance Through the Entire Process
   Real estate transactions are complex, with numerous contingencies, legal documents, and timelines to manage. A full-service agent ensures every detail is handled correctly, reducing stress and avoiding costly mistakes that can arise with discount brokerages.

5. Access to a Network of Serious Buyers
   A seasoned agent has an established network of pre-qualified buyers, agents, and industry connections to create demand for your property. The more demand, the higher the potential selling price.

Why Paying a Higher Commission is a Smart Investment

It’s natural to want to save money on commissions, but when you hire an experienced agent, you’re investing in expertise that leads to higher returns. A discount brokerage may charge less in fees, but if your home sells for significantly less, you’re ultimately losing money, not saving it.

Even with a higher commission, the experienced agent nets you significantly more profit. That’s money in your pocket, not lost to the “savings” of a discount brokerage.

Don’t Settle for Less – Choose an Expert

Selling your home is one of the largest financial decisions you’ll make. Choosing a discount brokerage might seem appealing upfront, but in reality, an experienced real estate agent will help you sell for more, negotiate better, and guide you through the process with confidence.

If you’re thinking of selling and want to maximize your home’s value, let’s talk! Contact me today for a free home evaluation and strategy session. Your home deserves the best – and so do you.

Stuart Bartwicki - stuart@thereyyc.ca

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Every year, Calgary homeowners receive their property assessment notice from the city, detailing the assessed value of their home for taxation purposes. But what exactly does this assessment mean, and how does it impact you as a homeowner? More importantly, how does it compare to the true market value of your home?

In this guide, we’ll break down the property assessment process, what it means for your taxes, and what to do if you believe your assessment is incorrect.

What is the City of Calgary’s Property Assessment?

The City of Calgary conducts an annual property assessment to determine the value of homes for the purpose of calculating property taxes. The assessment is based on:

📅 Market conditions as of July 1 of the previous year
🏡 Physical characteristics of your home as of December 31 of the previous year
📍 Comparable sales in your area

The Municipal & Provincial Tax Rates – The City sets a municipal tax rate based on its budget needs, and the Province of Alberta sets an education tax rate to fund schools. These rates are expressed as "mills" (mill rate = tax per $1,000 of assessed value).

Formula for Property Tax Calculation:

📌 (Assessed Property Value) × (Total Tax Rate) = Property Taxes Owed

For example, if your home is assessed at $500,000 and the total tax rate is 0.0075 (7.5 mills):
$500,000 × 0.0075 = $3,750 in annual property taxes.

The City adjusts tax rates yearly to balance revenue needs. If your assessed value increases more than the city-wide average, your taxes may rise. If it increases less than average, your taxes could decrease.

The assessment is designed to estimate what your property may have been worth on the open market, but it is not necessarily a reflection of your home’s true real estate value today.

How Does Your Property Assessment Affect Your Taxes?

Your property taxes are calculated based on your assessed value and the city’s tax rate. If your assessed value increases, your property taxes may go up—but not always. The City adjusts tax rates to ensure overall municipal revenue remains stable.

🔹 If your property value increases more than the city-wide average, your taxes may go up.
🔹 If your property value increases less than the city-wide average, your taxes may go down.
🔹 If your property value stays the same but the tax rate increases, you may still pay more in property taxes.

Is Your Property Assessment the Same as Market Value?

No, your property assessment is NOT necessarily the true market value of your home.

The assessed value is based on city-wide data and trends from the previous year, which means it doesn’t account for the latest market changes, renovations, or unique property features that could affect your actual selling price.

For example:
✔️ If the real estate market has surged or declined since July 1, your home’s true market value may be very different from the city’s assessment.
✔️ If you’ve upgraded your kitchen or added a basement suite, the city may not fully account for these changes in its valuation.
✔️ If your neighbourhood has become more desirable or, conversely, experienced a downturn, the assessment may not accurately reflect the current market demand.

If you want to know your home’s true market value, a professional real estate evaluation is your best option.

What If You Disagree with Your Property Assessment?

If you believe your assessment is too high or inaccurate, you have the right to appeal. Here’s what to do:

1. Review Your Assessment Carefully

✅ Compare it to similar homes in your area.
✅ Check that all property details (size, number of rooms, lot size, etc.) are correct.

2. Contact the City for an Explanation

Before filing a formal complaint, call the City of Calgary’s Assessment Office. They can explain how they arrived at your home’s value and make adjustments if a mistake was made.

3. File a Formal Complaint (If Necessary) - You can do so here - https://www.calgary.ca/property-owners/taxes/complaints.html

📅 Deadline: Property assessment complaints must be filed within 60 days of the assessment notice date.
📑 How to File: Submit your complaint to the Assessment Review Board (ARB) with supporting documents, such as comparable sales data or a professional appraisal.

Final Thoughts: Stay Informed & Know Your Home’s True Value

Your property assessment affects your taxes but does not define your home’s true market value. Whether you’re looking to buy, sell, or simply understand your home’s worth, it’s always best to consult with a real estate expert who can provide a current, in-depth market evaluation.

If you have questions about your property’s value or need guidance in navigating the assessment process, reach out today—I’d be happy to help!

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Stuart Bartwicki - 403-479-8990

Buying your first home is an exciting milestone—but it can also feel overwhelming, especially in a dynamic market like Calgary. From understanding mortgages to finding the right neighbourhood, there’s a lot to consider. If you’re a first-time buyer looking to enter the Calgary real estate market, this guide will walk you through the essentials to help you make confident and informed decisions.

1. Get Pre-Approved for a Mortgage

Before you start searching for your dream home, the first step is mortgage pre-approval. This helps you determine how much you can afford and shows sellers that you’re a serious buyer.

🔹 What You Need for Pre-Approval:
✅ Proof of income (pay stubs, tax returns)
✅ Employment verification
✅ Credit score check
✅ List of debts and assets

A mortgage pre-approval will give you a clearer picture of your budget and prevent you from falling in love with homes outside your price range.

2. Take Advantage of First-Time Buyer Incentives

As a first-time homebuyer, you have access to several government programs that can help make your purchase more affordable:

🏡 First-Time Home Buyer Incentive (FTHBI) – This federal program allows eligible buyers to receive a 5% or 10% shared equity loan from the government, reducing monthly mortgage payments.

💰 Home Buyers’ Plan (HBP) – You can withdraw up to $35,000 from your RRSPs tax-free to use as a down payment.

🏦 First-Time Home Buyers’ Tax Credit (HBTC) – A tax credit worth up to $1,500 to help offset closing costs.

These incentives can make a big difference in reducing the financial burden of buying your first home.

3. Choose the Right Neighbourhood

Calgary has a wide variety of neighbourhoods, each with its own unique vibe and price range.

🏙️ Urban Living (Beltline, Kensington, East Village) – Ideal for young professionals who want to be close to downtown, restaurants, and nightlife.

🏡 Family-Friendly Communities (Evanston, Mahogany, Seton) – Great for first-time buyers looking for larger homes, parks, and good schools.

💰 Affordable Starter Homes (Temple, Dover, Ogden) – Perfect for budget-conscious buyers who want value for money.

When choosing a neighbourhood, consider factors like commute times, local amenities, schools, and future resale value.

4. Understand the Costs Beyond the Purchase Price

Many first-time buyers focus only on the purchase price, but there are additional costs to factor into your budget.

💵 Closing Costs – These can range from 1.5% to 4% of the home price and include legal fees, land transfer tax, and home inspections.

🏠 Property Taxes – Calgary property taxes vary based on location and home value.

🛠️ Home Maintenance & Utilities – Budget for repairs, renovations, and monthly bills like electricity, water, and internet.

Planning for these expenses will ensure you’re financially prepared for homeownership.

5. Work with a Knowledgeable Real Estate Agent

Navigating the Calgary real estate market alone can be challenging, especially for first-time buyers. As a skilled real estate agent I will:

✔️ Help you find homes that match your needs and budget
✔️ Negotiate the best deal on your behalf
✔️ Guide you through paperwork and legal requirements
✔️ Provide insights on market trends and property values

A good agent makes the home-buying process smoother and ensures you avoid costly mistakes, and it doesn’t cost you a penny. 

6. Be Prepared to Act Fast

Calgary’s real estate market can move quickly, especially for well-priced homes in desirable areas. When you find a home you love, be ready to make an offer.

Tips for Making a Strong Offer:
📌 Have your mortgage pre-approval ready
📌 Be flexible with your possession date
📌 Include conditions (home inspection, financing) but keep them reasonable

A well-structured offer can help you secure the home you want without unnecessary delays.

Final Thoughts: Start Your Home Buying Journey with Confidence!

Buying your first home in Calgary is an exciting step, and with the right strategy, it can be a smooth and rewarding experience. By getting pre-approved, leveraging first-time buyer incentives, choosing the right neighbourhood, and working with an experienced real estate agent, you’ll be well on your way to homeownership.

🏡 Ready to start your home search? I’d love to help guide you through the process. Reach out today, and let’s find your perfect first home in Calgary!

Stuart

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