July 31, 2012
New property listed in Valley Ridge, Calgary
I have listed a new property at 22 VALLEY PONDS WAY NW in CALGARY.
Bring your family and create memories! This superb family home has raised one happy family and is now ready for a new one. This home is open-concept living at it's best; 3 1/4 inch Oak Hardwood throughout the main floor maintains the flow and with 9 ft. ceilings, central air and extra windows this is a unique and special home. Numerous upgrades include new carpet upstairs and down, granite kitchen counters and fresh paint in warm, neutral tones. All the rooms are spacious and airy, taking advantage of the corner lot this home was built with extra windows to let the sun shine in. The basement development is a teenager's dream with a bedroom, family room and 4 pce bath. The yard is landscaped with easy-care shrubs and trees, 2 decks for entertaining and a fire pit with conversation area perfect for smores and weinie roasts. Don't miss out on this special home, yours may be the next happy family to make cherished memories here.
July 29, 2012
New property listed in Auburn Bay, Calgary
I have listed a new property at 147 AUBURN GLEN WAY SE in CALGARY.
Immaculate 3 bed family home in Auburn Bay close to new hospital and upcoming shopping!This Cardel (Beaufort) home is well laid out with all the fixin's: granite, upgraded carpeting and hardwood flooring throughout. The generous front entrance opens to a mainfloor office/den space and then into the very inviting open concept kitchen, eating nook, dining area and cozy living room with a fantastic stone faced gas fireplace. Lots of natural light here giving it a bright and airy feel. The kitchen features loads of cupboard and counter space with a walkthrough pantry to the dble attached garage and laundry room. Enjoy sunny afternoons on your west facing deck in the back yard or morning sun on your private upper east facing balcony. Upstairs has a generous master suite with large ensuite and walk in closet. An additional 4 pce. bath supports the other two good sized bedrooms. There is also a very functional bonus room for entertaining. This home is move in ready and must be seen!
July 4, 2012
Calgary renters struggle to find vacancies
Calgary renters struggle to find vacancies
Finding a property to rent in this city is becoming increasingly difficult as demand rises.
That's generating stiff competition among some renters in desperate search of a home.
“It's a bit of a lottery, there were plenty of people here,” said renter Nicolas Gonzalez.
In fact, 101 people viewed the one bedroom beltline apartment Gonzalez had his eye on. Fifty people filled out applications and, after two interviews and a stringent screening process, Gonzalez landed the suite — a gruelling process he's never been through before.
"Never. Usually it’s me and a roll of cash and ‘Oh, okay it’s yours,’ 'here's the cash,' ‘thanks,’ done, keys."
Gonzalez says he's not sure what gave him the edge.
Darren Paddock, the co-owner of RentFaster.ca, advises renters to find ways to help them stand out from their competitors because properties are going fast.
"These people are getting a number of applicants in two to three days time," says Paddock.
"It’s really hot, we've never seen it like this before."
Paddock says an influx of workers and tighter mortgage rules are to blame.
And the Canada Mortgage and Housing Corporation predicts the current 1.9 vacancy rate will drop to 1.5 by next year.
July 3, 2012
Calgary real estate market stays the course Sales activity trending towards long-term stability
Calgary real estate market stays the course
Sales activity trending towards long-term stability
Calgary, July 3, 2012 Residential sales in the City of Calgary totaled 11,752 for the first half of this year, a 16-per-cent increase over the same period last year. The rise in sales has brought activity levels closer to long-term trends in the city.
Recent mortgage rule changes may dampen some of the gains in the resale market, says Ann-Marie Lurie, CREB®s chief economist. But this is not expected to cause a full reversal of either sales or price growth, provided the global economic situation does not significantly worsen.
Our housing market is returning to normal levels of activity, supported by the improvements in our employment sector and rise in migration.
Single family monthly sales reached 1,609 units in June, a decline over the previous month, but 16 per cent higher than levels recorded in June 2011. However, new listings are declining as consumers appear to delay putting units on the market until they see further price recovery. Despite the decline, with a current inventory of 3,817, the supply constraint has eased and the single family market is moving towards more balanced levels.
Overall, the Calgary market is trending towards long-term stability, says Bob Jablonski, president of CREB®. Activity levels are consistent with our expectations, and are not demonstrating an overheated market. Weve seen a slight lack of supply in single-family homes, but this is not the case in the broader residential market, including surrounding towns.
The single-family benchmark price for the month of June 2012 was $430,800, a 7.3-per-cent increase over the previous year. Year-over-year price increases have been particularly strong in the recent months, in part due to the decline in months of supply. As the city moves towards balance, we can expect price growth to ease in following months.
Homebuyers are confident about the long-term prospects in our city, and continue to search for homes in those communities that align with their needs, Jablonski says. People who are in the market to buy right now have to make their decisions quicker, but they are well informed and they continue to seek out value for their money.
While June sales activity showed a modest improvement over last year, year-to-date condominium apartment sales totaled 1,858, a 7-per-cent increase over the first half of 2011. Both monthly and year-to-date sales remain consistent with long-term trends. The rise in sales over the first half of the year combined with a decline in listings helped reduce the excess supply. With supply hovering just above three months, the condominium apartment market remains in balance.
The condominium-apartment market recorded a modest improvement in pricing, with a benchmark price of $246,300 in June 2012, a year-over-year price gain of 1.5 per cent. The condominium-townhome benchmark price grew by 3.3 per cent over 2011, and is now $278,000.
Recent reports have mentioned an overvalued Canadian housing market, and it is important to note that the Calgary market has already recorded a correction, says Lurie, who notes benchmark prices in the entire CREB® residential market remain 8 per cent below peak levels. Alberta was slow to recover from the recession, but this year our province is expected to lead the country in economic growth. This growth will continue to support gains in full-time employment and encourage positive momentum in our local housing market by way of both demand and price recovery, Lurie concludes.
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