JUST LISTED : 167 Douglas Woods Hill SE

Welcome to this show stopping family home in sought after Douglasdale.

This open concept home has been recently updated for a polished, modern look. You’ll be impressed as soon as you step inside this gorgeous home. It features hardwood floors, a spacious living & dining room, main floor laundry & a discrete half bathroom. The home opens up into a family room with huge windows and a corner fireplace. Once in the kitchen your eyes are drawn to the details which includes high end cabinets, stainless steel appliances & shining granite countertops.

Upstairs is your extra large dream master suite – a large 4 pc ensuite with corner jacuzzi tub & a walk in closet. There are 2 additional bedrooms & a kids/guest bath up.

The fully finished lower level is ideal for family entertainment. Space includes a supersized recreation room, built in office space, a 4th bedroom & storage space!

The backyard is enormous, did we mention there’s a POOL? The property is well manicured with a large multi-tiered deck. Welcome Home.

For more details click here!

Check out the virtual tour here.

JUST LISTED : 212, 30 Royal Oak Plaza NW

This layout! Welcome to the vibrant community of Royal Oak, where your extraordinary double-master suite awaits. This two-bedroom is uniquely arranged to offer privacy and amenities to two parties, while offering a central living/dining area for entertaining in style, and hanging out in comfort.

The elegant dark maple kitchen features Boshe/LG stainless steel appliances, and the under cabinet lighting complements the glassy black granite counter finish. A full ensuite on one side and a 4-pc bath on the other are both accessed through spacious, walk-through closets.

The in-suite laundry sits discreetly just beside the kitchen/foyer. Along with access to the building’s built in gym and party room, you get an oversize titled parking stall in the heated underground parkade, titled storage locker, and underground bike storage area.

Stroll across the way to find a plaza with ample shopping opportunities, quickly arrive at the LRT and be the first to enjoy the Rocky Ridge Recreation Facility opening in 2018!

For more details click here!

For a virtual tour click here.

JUST LISTED : 409, 59 22 Avenue SW

Discover contemporary condo living in River Grande Estates, and relax into convenience, amenities, and distinct downtown lifestyle.

Two bedrooms and two bathrooms offer everyone comfort and privacy, while 9-foot ceilings, new flooring throughout and attractive, brand new stainless steel kitchen appliances are sure to impress your guests. A huge walk-in closet and a 5-pc ensuite off the master will make you never want to leave home.

There is assigned storage, in-suite laundry and underground parking! No where compares to Mission for restaurants, shopping, transit and fitness opportunities; your lifestyle is about to experience an upgrade. Additional features include underground visitor parking, a car wash, a library and an entertainment room.

What else do you really need!? See it today!

For more details click here!

Housing recovery a balancing act

Growth in new listings outpaced sales preventing inventory declines 

Sales posted a modest gain in August, but a rise in new listings kept inventory levels elevated.

Inventories totaled 6,624 units, where over half were comprised of attached and apartment style properties. While inventories were 16 per cent higher than August 2016 levels, the slight rise in sales prevented further gains in the months-of-supply, which remain just above four months.

“Employment growth is contributing to the stability in sales activity, but it is not enough to meet the recent rise in listings and make a substantial dent in inventory levels,” said CREB® chief economist Ann-Marie Lurie.

“Unemployment rates remain elevated and job growth is mostly occurring outside the energy sector, slowing the recovery process. Broader economic improvements will be required prior to it translating into substantial improvements in the housing market.”

The second month of higher inventories compared to sales weighed on prices for the month. The unadjusted city wide benchmark price totaled $442,300 in August. This is 0.3 percent below last month, but remains nearly one per cent above last year’s levels. Overall total residential prices remain four per cent below peak levels.

“Buyers have several options in this market, and sellers need to continue to be realistic regarding the price they expect to receive for their home,” said CREB® president David P. Brown.

“While some of the buyers are re-entering the market, they are also considering all of their options prior to making a commitment.”

The pace of growth in detached sales has closely matched new listings this year. However, inventory levels continue to remain at 3,280 and months of supply pushed up to 3.32. Recent gains in months-of-supply prevented further gains in prices this month. Detached prices totaled $510,900 in August. This is slightly lower than last year, but 1.5 per cent above last year’s levels.

With over seven months-of-supply, the excess supply continues to weigh heavily on the apartment condominium sector. As of August, the benchmark price totaled $263,300. This is one per cent below last month and three per cent below last year’s levels. Downward price pressure in this sector is expected as supply levels remain elevated in the new, resale and rental market.