JUST LISTED : 88 Patina Point SW

Absolutely delightful breakfast nook encircled in bay windows? This is not your average condo! This unit meets everyone’s needs with two enormous bedrooms and two and a half bathrooms. The master ensuite bathroom features an incredible steam shower! The unique aesthetic choices like the clean white walls throughout and the driftwood-stained hardwood in the living and dining area up the style and polish for a truly unique, contemporary atmosphere. Enjoy all the modern comforts in this home; a Sub Zero fridge, Jenn-Air built-in self-cleaning oven, stone-faced gas fireplace, double tandem garage, and more than necessary storage. Relax in the sun on your two decks with mature landscaping and incredible unobstructed views. This unit’s architecture is rare and exceptional– just like you! A few minutes from public transit and a short ride to the mountains – discover your new home and the desirability of Patterson.

Check out the virtual tour! And for more details click here.

Mid-Year market update shows stability

CREB® forecasts a process of recovery for the remainder of 2017

The first-half of 2017 marked a shift in Alberta’s economy from recession to recovery, with conditions supporting stability rather than expansion.

“Economic challenges continue to exist, as high unemployment rates, weak migration levels and more stringent lending conditions are weighing on the housing market,” said CREB® chief economist Ann-Marie Lurie.

“This will continue to cause some adjustments in the housing market for the remainder of this year. However, this is not expected to offset earlier gains supporting general stability in 2017.”

Resale sales activity is expected to total 18,401 units in 2017, a 3.3 per cent improvement over last year. The pace of growth is slightly faster than originally anticipated, due to the stronger growth that occurred in the first half of the year.

“We saw many of those consumers who delayed any purchasing decisions willing to re-enter the market as concerns regarding the economy eased,” said CREB® president David P. Brown.

“More potential buyers on the market helped move some of the product in inventory and started to create some price stability.”

Improvements in the supply demand balance, primarily in the detached and attached sector, caused prices to start to trend up. Demand growth through the remainder of the year is expected to ease relative to inventory levels. This should prevent further substantial shifts in pricing. Overall, annual city wide prices are expected to remain at levels comparable to last year.

Despite generally improving trends, difficulties continue to exist in the condo-apartment ownership market. Rising sales cannot keep pace with the growth in new listings, keeping supply levels high and placing continued downward pressure on prices. This area of the housing market will likely continue to face challenges well into next year, as it will take time to absorb additional inventory in the resale, new and rental markets.

“Improvements in the labour market are supporting the shift in the housing market this year. However, activity over the past two years was amongst the weakest we have seen since the financial crisis,” said Lurie.

“While the shift is welcome news for many, we continue to expect that process of recovery will be slow and dependent on the property type and location within the market.”

For more information, please give me a call!

June spells a gradual recovery

Stable prices in detached sector signal balanced conditions despite increased inventory

Calgary’s housing market in June saw a modest improvement in sales along with an increase in new listings.

However, demand gains have not kept pace with the amount of new listings coming onto the market. This caused inventory levels to increase to 6,659 units, which is 11 per cent higher than last year’s levels.

Despite the recent shift in inventory this month, second quarter activity continues to demonstrate improved supply-demand balance and price stability. City wide benchmark prices totaled $441,500 in June. This is a 0.5 per cent gain over last month and nearly one per cent higher than last year.

“The supply gain this month will be monitored. However, on a quarterly basis, inventory levels remain comparable to last year, sales have improved and there have been modest price gains. All of this remains consistent with expectations of a gradual recovery,” said CREB® chief economist Ann-Marie Lurie.

Year-to-date residential sales in Calgary totaled 10,322 units, which is 12 per cent above last year’s levels. New listings increased by three per cent over the same time period.

Overall, both the sales-to-new listings ratio and months of supply have trended down this year. This signals more stable pricing in the housing market this year.

“While there were many buyers waiting for lower prices to step into the housing market, there were also many sellers waiting until prices stabilized before listing their home,” said CREB® president David P. Brown.

“Some of this recent growth in listings will help provide more choice, particularly in the detached market where market conditions had significantly tightened over the past few months.”

Detached inventories and sales totaled 3,224 and 1,385 units, for a month of supply of 2.3 in June. Despite the recent rise in supply, over the first half of this year inventories have averaged 16 per cent below last year’s levels while sales are 13 per cent higher, keeping this segment in more balanced conditions.

While activity is also improving in the attached segment of the market, resale activity in the ownership of apartment-style product continues to face challenges with weak sales relative to listings and rising months of supply.

As of June, the unadjusted benchmark price for an apartment style product totaled $265,800. This is nearly four per cent below last year’s levels and 11 per cent below recent highs.

Housing market retains momentum in April

City-wide prices hold steady as labour market improves

Calgary’s housing market continued to show signs of stability in April. With improvements in the labour market and a balanced detached sector, city-wide benchmark prices reached $439,600 in April, similar to the previous month, but 0.90 per cent below last year’s levels.

“More jobs means less uncertainty for people who are sitting on the fence,” said CREB® president David P. Brown. “There also tends to be fewer people who need to sell when employment improves, and that can prevent inventory gains and further price reductions in the market. It’s a good scenario for sellers who are entering a spring market that’s in better shape than anything we’ve seen in recent years.”

While adjustments are still occurring in the apartment condominium sector, the detached segment of the market is improving across all price segments.

“Detached product has not faced the same supply pressure as the apartment sector,” said CREB® chief economist Ann-Marie Lurie. “Detached supply from new construction didn’t surpass previous highs. That helped prevent steeper price adjustments in the detached sector when demand eased.”

The relationship between sales and inventory will be a key driver for pricing in the months ahead. Total transactions improved to 1,917 units in April, while inventories totaled 5,495 units, pushing months of supply below three for the second consecutive month.

With sales up and overall market inventory down, months of supply has already pulled back from elevated levels recorded over the past two years. While activity continues to vary by location and product type, more balanced conditions will help to support overall price stability.

“Improvements in the employment situation were necessary to prevent further declines in the housing sector,” said Lurie. “However, economic recovery is still expected to be slow, impacting the pace and quality of job growth. Based on current expectations this should translate into a more prolonged period of recovery in the housing market.”

Give me a shout  if you want to know the specifics about your property or neighbourhood!

JUST LISTED : 114 Covehaven Court NE

In the respected Covehaven section of Coventry Hills, family living has never been more comfortable. A stunning vaulted entry leads to an open plan living/kitchen/dining, perfect for entertaining or hanging out with family. Kitchen aesthetics have been newly updated to suit the modern palette, and an attractive half-bath sits conveniently right around the corner. Completing this level is a bonus front room perfect for media, hobbies or a home office.

Upstairs is made for relaxation with three bedrooms and two more bathrooms, featuring an enormous master with 4pc ensuite. More unique charm includes: a gas fire place in the living room, a large fenced yard with storage and space for 4 (!) cars, and a private backyard play structure that can only be described as awesome.

Add close proximity to exciting amenities like theatres, shopping, restaurants, the VIVO Rec Center and a short drive to the airport, and you’re sure to please everyone under your roof.

For more information click here

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Housing market set for favourable lead into spring

Detached prices stabilize as city-wide inventory trends down

After a long period of disconnect between supply and demand, Calgary’s detached housing sector is firmly in balanced territory. Sales were still 10 per cent below long-term trends in March, but above levels seen in recent years, while average inventory declined compared to last year, supporting price stability in the detached market.

“It’s not so much that demand went through the roof in March, but that we had less supply come onto the market, which is really helping to balance things out,” said CREB® president David P. Brown. “These changes are lifting the cloud of uncertainty for housing consumers and nicely positioning our market as we move into the more active spring season.”

Unadjusted detached benchmark prices totaled $503,900 in March, 0.4 per cent above last month and similar to levels recorded last year. Meanwhile, Apartment and attached prices continue to remain well below levels recorded last year.

“Market conditions are quite different in the apartment sector,” said CREB® chief economist Ann-Marie Lurie. “The additional supply coming from the new home sector is not easily reversed and the added competition is continuing to weigh on prices in the higher density sectors of the market.”

City-wide inventory levels totaled 5,114 in March, 16 per cent below last year’s levels. This is primarily driven by the 25 and 17 per cent contraction in the detached and attached markets. Inventory levels in the ownership apartment sector remain three per cent higher then levels recorded last year.

“The housing market transition in the first quarter appears to be consistent with trends in the labour market,” said Lurie. “However, the way the rest of the year unfolds will be largely determined by what happens in the next two quarters, as nearly 60 per cent of all housing sales typically occur in that time frame.”

A Transition in the Making!

Detached sales activity boosts February housing market

After the first two months of the year, Calgary’s detached sector continues to drive a slow transition in the housing market. February sales totaled 1,342 units, which is still 19 per cent below long-term averages, but an improvement over the past two years.

As sales kept trending upward, detached inventory levels continued to ease in February. These conditions caused months of supply to fall to 2.4 months, putting less downward pressure on pricing. Unadjusted detached benchmark prices totaled $501,900 in February, which is one per cent lower than prices recorded last year, but slightly higher than January figures.

“There seems to be a new sense of optimism these days,” said CREB® president David P. Brown. “Some sellers are feeling upbeat about the changing landscape and the improved chances of selling their home. Other people are looking at the spring market with caution and wondering if we’re going to see a higher than expected surge of listings. While there’s less product on the market right now, sellers still need to be realistic with their pricing.”

The amount of excess inventory eased in the overall market in February, setting the stage for a transition to a more stable market this year. Months of supply totaled 3.4 months, down from five months over last February. At the same time, the sales-to-new-listings ratio trended from a near record February low of 39 per cent last year to 55 per cent this February.

With sales improving and new listings and inventories contracting—two key measures of market balance, there’s good evidence to show that the housing market has started a trend toward more balanced conditions.

“The transition in the housing market appears to be underway,” said CREB® chief economist Ann-Marie Lure. “However, it is important to note that this change is primarily being driven by improvements in the detached market and stability in the labour market.”

“It will take some time for these conditions to translate into all housing segments and achieve price recovery,” said Lurie. “But all indicators continue to point toward a slow transition from a contracting market toward one that is stabilizing at lower levels.”

Click here to view the full City of Calgary monthly stats package.

JUST LISTED : 1313 Lake Fraser Court SE

This one bedroom bungalow style condo is sure to impress! Step in and be greeted with the abundance of natural light and a gorgeous fireplace. The open floor plan living and dining room is spacious and bright. You can easily see all the upgrades in your new home!

The kitchen features warm honey brown shaker-style maple cabinets and plenty of smart storage space. The upgraded granite is almost a piece of artwork with it’s natural beauty and durability. All the appliances are included, even a new garburator.

The master bedroom is a very large space with room for dressers, an armchair and even more. All that space and a dramatic, full-mirrored walk-through closet that brings a touch of elegance and luxury to the master retreat. Your private 4-piece bathroom has a linen closet and lots of additional storage.

Both bathrooms feature contemporary design optimized for style and functionality, and a full stacking washer-dryer set is tucked neatly into powder room.

There is a good sized covered balcony that overlooks a quiet green space and is very private for your barbecuing and summer enjoyment. Also included is a titled parking spot and an assigned separate storage unit.

The entire condo was recently painted a neutral, colour palette which means that it is move-in-ready yet adding personality is easy and fun. Lots of upgrades were added when this condo was purchased and the original owner has maintained this unit with pride.

Bonavista Estates is well known for it’s wide range of amenities, including a theatre room, party room, exercise room, dining space for large functions and even a car wash bay.

Well managed, convenient location and all the comforts come standard at the highly sought-after Bonavista Estates; get all that and more in this unique, attractive, move-in-ready condo.

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For more information click here!

Love your Home!

Love (for your home) is all around. Or, well, it certainly should be!

Ok, Imma tell it to ya straight. At the risk of sounding to “yolo-y”: we only get one life to live, and you’re in your house every. single. day. You better love that place! Your residence is your fortress, your mansion, your den and your pad — all with your personalized touches. If you’re not feeling the vibes of your dwelling, don’t do nothing. Reorganize, redesign, renovate or – you guessed it – get yourself into a new home you love!

I work with clients of all budgets and needs, and it would be my pleasure to help you find your specific style of domestic paradise. Finding a place so “you” it verges on ridiculous comes with a life-changing, and empowering feeling of fulfilment. So, this February definitely show some love to your significant other, but don’t forget to spread the love all around your personal palace. Each mark in the floor should tell a story, each smell evoke a memory, each squeaky stair and settling clack resound in your ears as a comforting purr.

Love – Monique – xoxo

JUST LISTED : #41 1055 72 AV NW

Safe, serene and sunny living comes standard in the excellently maintained and professionally managed Huntington Ridge Complex.

This 3 bedroom and 1 and a half bathroom townhouse boasts a private, west facing back patio, living room balcony with sliding doors, and single attached garage. There is a large living room and an abundance of storage.

Natural light spills into every room and gleams off the bright white kitchen and the golden hardwood flooring. The bright finishes and fixtures throughout the home bring a blissful atmosphere to each room.

Fresh paint and brand new carpets mean you get a bright blank canvas to make your own, and with an unbeatable location, this spot is perfect for first time homeowners, and seasoned investors alike. Walk to the playground across the way in less than a minute, or chill out with the SHAW cable TV package included in your low, $307 condo fee.

Discover ideal family living today in comfortable Huntington Ridge! Welcome Home!

For more information click here

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