Open House at 259 Macewan Drive NW Saturday April 17 and Sunday April 18 from 2:00-4:00.
Archive for the ‘House’ Category
OPEN HOUSE IN MACEWAN
Thursday, April 8th, 2010Macewan Open House
Thursday, April 8th, 2010259 Macewan Drive NW
Saturday and Sunday April 10 and 11 from 2:00-4:00.
Woodbine Open House
Thursday, April 8th, 201054 Woodford Drive SW
Saturday April 10 from 2:00-4:00
New CMHC Rule for Buying Real Estate
Wednesday, March 31st, 2010More 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:
The Perfect Family Home in Cochrane!!
Tuesday, March 16th, 2010A perfect family home in picturesque community of Cochrane! The great decor, immaculate condition & open plan are wonderful & inviting. Rounded corners, knock down ceiling are just the start! You’re greeted by a spacious 2 st entrance. Main floor has 9′ ceilings, oak hardwood & plenty of windows with natural light pouring in. Beautiful kitchen has upgraded hickory cabinets, a large island, walk-in pantry & large nook w/ patio door to deck. The great room has gas fireplace. Upper level has a large bonus room & 3 good-sized bedrooms. The spacious master bedroom has huge walk-in closet & beautiful, bright 4 piece ensuite with 6′ soaker tub & separate shower. Other two bedrooms are well decorated. 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. Don’t miss the chance on this beautiful home!
Home resales cool for second straight month
Monday, March 15th, 2010Reuters
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
Vancouver, 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, 2010March 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.”