Archive for the ‘Estate’ Category

Alberta Employment Rates, how this affects our real estate market

Monday, April 6th, 2015

According to ATB’s monthly economic news letter The Owl, titled “Jobless Rate 2015 won’t come close to historic highs” we are in for a bit on an increase in unemployment (as high as just under 7% by the summer).  The good news is it won’t be as drastic as in historical highs in Alberta such as 1984 (over 12%), 1993 (10%) and 2010 (7%).  The reason given that we will not be hit quite as hard is that Alberta has a more diversified economy then in the aforementioned years of high unemployment.

The silver lining in the clouds is the balancing of the real estate market.  The past few years have seen a furry of real estate activity, causing a heavily weighted seller’s market.  This has driven prices upwards at a high rate, thus presenting a challenge to buyers to get into the market at a comfortable level.  The recent months have caused the market to fall into a balanced market, meaning sellers are still selling relatively quickly as long as they are priced competitively, and buyers are having a better selection of homes to choose from at competitive prices.  Sellers are no longer solely in the driving seat, but rather are having to cooperate with buyers in order to achieve that sale.  This cooperative market is beneficial to everyone!

Check out ATB’s The Owl for further details on employment rates and economic forecasting, brought to us by Todd Hirsch and Nick Ford.

Tessa

The New Haskayne Development West of Tuscany Calgary

Tuesday, March 10th, 2015

I just recently attended an information open house at the Lynx Ridge Golf Course Club House that described in detail the new Haskayne Development including the Area Structure Plan, the plans for the landscape, city transit plan, the construction of roughly 3400 residential homes/lots and some awesome sounding commercial additions, all with a wholesome influence.  For those of you who don’t know the location, this will be just south of 12 Mile Coulee Road, and west of the Stoney Trail, past Home Depot in Tuscany on Nosehill Drive.   This whole development will be brought to us by Brookfield and it sounds great!!   Good news for the residents of Tuscany, the commercial sector will bring in some great new stores and amenities that Tuscany really needs!

As described to me, the developer will be using a very natural theme to the landscape and try to work with the flora and fauna that already exists in the area and surrounding coulee.  This is very important to the wildlife, and it sounds like Brookfield is doing their best to respect Mother Nature.  There are plenty of plans for parks and green space but the best news yet is that it will connect Cochrane to Calgary with bike paths that already meander through Glenbow Ranch.  This means that Calgarian and Cochrane residents will be able to make even more of their weekend bike rides along the river!  It also connects Cochrane to inner-city and downtown Calgary for those of you who enjoy long bike rides to and from work.  What a win!!

The plans will commence construction in 5 years if all goes well.  I could go on and on from what I learned at this open house out of excitement, but for now I will update you with more information as provided by the developer and the City of Calgary.

Tessa Corley-Rae

Top 10 in Our Office in 2014( Again, yahhh)!

Friday, February 27th, 2015

Hi Everyone!  It’s Tessa Corley-Rae writing you from the Glencoe Club Calgary.

Maria and I were just at our office awards breakfast this morning for Real Estate Professionals Inc in Calgary.  We were delighted to learn that each of us was individually awarded for being one of the top 10 realtors in our office in 2014, out of 230 Realtors.  Maria was number 6, and I was number 8.  We were thrilled to receive this honour!

We’d like to thank all of you, our special clients who made this possible! Without you, we would not be where we are in the business today.  Maria and I have had the special privilege to help over 2000 buyers and sellers with their real estate needs and everyone of you is very important to us!  We look forward to your continued support!

Here’s to an ever better 2015!  We wish you success in your business and personal endeavors!

If you or someone you know could use our assistance with Real Estate in Calgary or surrounding areas, we’d be thrilled to be your real estate choice.

 

New CMHC Rule for Buying Real Estate

Wednesday, March 31st, 2010

housingMore on the new CMHC Mortgage Rules for Real Estate

March 9, 2010 by Tessa Corley-Rae

I just spoke with my friend and mortgage broker Terry Caldie from the Mortgage Centre in Calgary about  CMHC’s new mortgage regulations for homeowners and property investors.  These new rules are nothing to panic about, in fact, up until 2 years ago these rules  were exactly how CMHC ran any way.  What people have to realize is that Convensional Mortgages (where people place 20% or more down as a down payment) are still exactly the same as they were before.   However, the good news is buyers can still avoid CMHC with only 20% down, rather than the previous 25% that was required only months ago for a convensional mortgage.  2 years ago the government decided to create a “stimulous package” for buying property, this was inlight of the down turn in the economy that we have just pushed through.  This “stimulous package”  included relaxed rules for buying revenue properties, as well as large refinancing options. 

Please see below for my interpretation of the new rules: 

(more…)

Open House Sunday March 28, 2:00-4:00

Wednesday, March 24th, 2010

19_bowridge_drive_mls_hid581747_roomlivingroom42A MUST TO SEE!!!

Great Decor, Immaculate Condition, Fully Developed & Open Design Concept! Upgraded with rounded corners, knock down ceiling and 9′ ceilings on main level and spacious 2 storey entrance. HARDWOOD FLOORS & tons of windows with natural light pouring in.  Beautiful kitchen has upgraded HICKORY CABINETS, large island, walk-in pantry & sunny nook w/ patio door to deck. GAS FIREPLACE in great room. 3 good-sized bedrooms and a LARGE BONUS ROOM on upper level.  The spacious master bedroom has huge walk-in closet & beautiful, bright 4  piece ensuite with 6′ soaker tub & separate shower. The basement is freshly developed in a professional manner w/ rec room, office/den & a full 4-piece bathroom. The  landscaping is great for entertaining with a large deck & many perennials.  This is a BEAUTIFUL FAMILY HOME in picturesque community of Cochrane!

Come and see on Sunday, March 28th.  You won’t be di19_bowridge_drive_mls_hid581747_roommasterbedroom12sappointed.19_bowridge_drive_mls_hid581747_roomkitchen13

Home resales cool for second straight month

Monday, March 15th, 2010

clock

Reuters

TORONTO — Sales of existing homes in Canada dipped for a second straight month in February, but remained high on a year-over-year basis, as the market may be moving into more balanced conditions, data showed on Monday.

The Canadian Real Estate Association (CREA) said a total of 42,799 homes changed hands last month, down 1.5% from January, as a large gain in sales in Toronto were offset by declines in Vancouver and other British Columbia housing markets.

The real estate group said the Winter Olympics, which were held in the host city of Vancouver and nearby areas, may have played a factor in lower sales in the province last month.

Unit sales in British Columbia were down 13.3% in February from January, compared with a 3.3% advance in Ontario.

Across Canada, sales rose 44% from the same month last year, a smaller gain in national activity from the previous three months. This was in line with economists’ views that year-over-year comparisons are likely to shrink in coming months because the recovery of the housing market started in February 2009.

“Housing markets are becoming more balanced,” said Gregory Klump,” CREA’s chief economist.

After a relatively short spell of low consumer confidence during the global financial crisis, Canadian homebuyers were quickly back in the market and have made the housing sector one of the cornerstones of the domestic economic recovery. The pace of the rebound has encouraged debate about a housing bubble.

But with rising supply — new listings rose for a fifth straight month, up 2.4% — it could take the steam out of the housing markets as the year goes on, said Mr. Klump.

Ultralow interest rates could further prompt home resales this spring before the arrival of new mortgage rules in April and changes to provincial sales tax regimes in British Columbia and Ontario, before cooling in the second half of the year.

“We should see the Canadian housing market move slowly back into a balanced-market position as higher mortgage rates and prices begin to temper demand,” said Millan Mulraine, economics strategist at TD Securities.

CREA said the national average home price in February rose 18.2% from a year earlier to $335,655 (US$329,074)

Calgary is Top 5 City to Live in the WORLD!!

Sunday, February 14th, 2010

 

calgaryoympicplazaVancouver, Melbourne, Vienna, Toronto, and CALGARY
named world’s most liveable cities

A report by the Economist Intelligence Unit

EIU says that depite controversy surrounding the growing number of homeless people in Vancouver, general liveability levels were high. “Residents and visitors benefit from good transport links and broad cultural and recreational availability although, as in any large city, there is still some prevalence of petty crime.”

Vienna is ranked second in the EIU survey, followed by Melbourne in third place. Two other Canadian cities, Toronto and Calgary, complete the top five. Canadian and Australian cities account for seven of the top ten, with Vienna, Helsinki and Auckland making up the 10 most liveable destinations surveyed. It is also remarkable that, with the exeption of Vienna and Helsinki, all top-ten cities are in English-speaking countries. Unlike in the

 

Mercer survey, Swiss cities, like Zurich and Geneva, don’t feature in the EIU top ten.

EIU’s ten ‘best’ cities in the world

 

Rank
City
Country
1
Vancouver Canada
2
Vienna Austria
3
Melbourne Australia
4
Toronto Canada
5
Calgary Canada
6
Helsinki Finland
7
Sydney Australia
=8
Perth Australia
=8
Adelaide Australia
10
Auckland New Zealand

Mercer Consulting’s 50 best cities in the world

The EIU report, which describes the concept of liveability as simple, is written for business people from western countries and used to work out hardship allowances as part of an expatriate’s relocation package. The report’s authors say that the survey quantifies the challenges that might be presented to an individual’s lifestyle in 140 cities worldwide. Seen from such a western perspective, it is therefore not suprising that the survey’s lowest ranked cities are all in developing countries.

Your Home Is Not Selling?? Maybe try to freshen up…

Friday, February 12th, 2010

paintMarch 2, 2010
Jennifer Wilson-Speedy

YOURHOME.CA EDITOR

If only selling a home was as simple as putting up the “For Sale” sign. Instead, it’s an emotional process balled up with agonizing financial decisions and life changes that only get more stressful the longer the property’s on the market.

Sofie Allsopp helps Brits make over their homes to speed up the sale of stagnant properties in Unsellables UK ,an across-the-pond rethinking of the Canadian Unsellables series.

This season, Allsop says, brings “new people (and) some really great properties” – at least, once they’ve cleared up the filth, clutter and worn-out decor.

“I’m always amazed when people’s houses are dirty when they put it on the market.”

In addition to the general turnoff that is grime, clutter “makes a house look so much smaller,” she says, recalling an episode where the newlyweds’ house was piled so high with boxes “you could barely see the floor.”

These kinds of messes not only eat away at valuable floor and counter space but also hinder prospective buyers’ ability to envision their own belongings in the home, which is often a key step in their decision making.

So, if you’re preparing to sell, it’s worth the effort to pare down before the first showings, including stowing family photos and mementos. Allsop also recommends putting oversized or extra furniture into storage to help make rooms feel larger.

Plus, she notes, cutting down on clutter now means less packing when moving day comes.

Faded decor is another Unsellables no-no. Often in houses that have been lingering on the market, “everything just looks a bit tired and unloved,” says Allsop.

As a result, paint is “one of the most important things to do before you put in on the market,” she says, suggesting sellers opt for “pale but interesting” colours, such as muted greens and blues, to help create a fresh look without imposing a bold, and potentially intimidating, personality on the space.

Sellers must also consider their furniture placement. Paring down will help open up spaces, but pieces must also be arranged to emphasize the home’s flow, which means natural walking paths and doorways shouldn’t be blocked. Try to showcase the flexibility of the space too. For example, convey that the home office could also be a bedroom by adding a small bed.

To prevent your home from languishing on the market, Allsop says one of the most important steps is getting a real estate expert to help you set a realistic price. She says a lot of the time people list their homes for too much money – and it ends up sitting for months until they lower the price.

In addition to delays for the sellers, listings that sit on the market also lose appeal with prospective buyers.

“If a house has been on the market for a few months, people will keep seeing it in their (web) searches and it will start to feel stale,” she explains. “Price it for sale.”

And, she adds, don’t forget to give your home’s exterior a little TLC – she notes that will be the photo on your Internet listings.

“You have two seconds to impress before someone clicks on to the next house,” she says. “No one looks at a home with an overgrown yard and says, `This is the house for me.’ ”

Mowing the lawn, painting the front door, stowing the garbage bins and putting out some flowers “will instantly make the front of the house look smarter.”

2 Acre Lots For Sale close to Cross Iron Mills

Friday, December 11th, 2009

Welcome to Serenity Estates!!  Choose from 7 fantastic fully serviced Estate Lots remaining, (7 of 14 lots already sold)!   Wonderful rectangular and pie-shaped lots are 2.0+ acres (all from $275,000 -$295,000+GST for 2.26 acres). Potential for mountain views. State-of-the-art water co-op in place. Paved roads + driveway to each lot. Natural gas, electricity and water already to property lines.

Take Country Hills Blvd East from Calgary(4.8km). Turn North on Range Road 284 (1.3km). Lots are located and marked on east side of road. Imagine building your dream country home with amenities so close.  Stoney Trail Ring Road is only 4.5 km away.  The new Cross Iron Mills Mall in Balzac in only minutes away (14km).  Calgary Airport is only 13.9km away.  Located right next to community Prairie Royal Estates.  Arctitectural controls in place. Please note all prices are before GST.   A must to see!!    Visit  serenityestatesab.com  for more details.