Tag: sold

Buyer's

2019 – The Year Of The Buyer’s Advantage

I spent this morning at the 2019 CREB Forecast and Tradeshow and the message we got was…. Buyer’s Market.  There are still early signs of more inventory hitting the market and prices decreasing again. Oh… man….. But there also appeared to be light at the end of the tunnel with comments like “the amount of oversupply should start to ease by the end of the year” and “net migration gains in 2019 will help chip away at some of the oversupply”.

Overall, what does all this mean?! BUY NOW! Lol, just kidding but for those considering ownership, further resale price declines can make this year very attractive. Investors and those looking to up-size could also benefit from this buyer’s market. For now, I will put the press release below with a link to the full package of statistics, but if you want to talk specifics (neighbourhood and home style) – give me a call!

 

MEDIA RELEASE: Economic challenges to affect Calgary’s housing market in 2019

Calgary, Jan. 30, 2019 –

The challenging economic climate in Calgary is expected to persist into 2019.

Easing global oil prices, concerns regarding market access and easing investment activity are weighing on the energy sector and are expected to slow growth prospects in the province this year.

“Slowing growth, weak job prospects and lack of confidence are all factors that are contributing to the expected easing in sales activity this year,” said Ann-Marie Lurie, CREB® Chief Economist.

“At the same time, our market continues to struggle with high inventory levels and further potential rate hikes, all of which is expected to cause additional price declines this year.”

There are signs that supply in the market is starting to adjust to slower sales, but the pace of adjustment is expected to be slow. Overall, it will help reduce some oversupply in the market and put the industry in a more stable position by 2020.

Buyers’ market conditions are expected to persist throughout most of the year, impacting prices across all property types. However, the pace of decline is expected to ease by the end of the year, as concerns over the economy ease.

While further easing in the housing market is expected, this will not likely be the case for all price ranges, as demand for affordable product is expected to continue to improve, given shifts in lending requirements and adjustments in expectations.

“In this market, buyers have the advantage of choice. A REALTOR® can help buyers find a home that best fits their lifestyle,” said Alan Tennant, CREB® CEO.

“For home sellers, knowing all the data and facts surrounding their home is critical to maximize their selling price. Working with a real estate professional can take the guess work out of the process.”

Click here for the full 2019 Calgary Economic & Housing Outlook report.

Beltline

JUST LISTED : #208, 1014 14 AVE SW

You don’t have to sacrifice size to experience the best of inner city living! Don’t miss this opportunity to own a fabulous 2 storey townhouse located on a quiet tree-lined street in the heart of the Beltline. 

This spacious, upper level unit is ideally configured for roommates or a professional couple looking to experience the downtown lifestyle.

Beltline Townhouse Beltline Townhouse

The main floor has an updated kitchen featuring stainless steel appliances, trendy tile backsplash, hands-free faucet and quartz countertops. The upgrades don’t end there, new flooring throughout, renovated bathrooms and a fancy washer/dryer. There are four large south facing windows that let in tons of light during the day.  Evenings will be enjoyed  in front of the fire place. Talk about cozy and yet perfect for entertaining. 

Beltline Townhouse Beltline Townhouse

The top floor features 2 spacious bedrooms and 2 full bathrooms. The master suite has 2 closets and a 4-pc ensuite. Did I mention the body spray shower head?

Beltline Townhouse Beltline Townhouse

The main floor back door leads to a lovely patio and only steps to your indoor garage parking. Walking distance to everything on 17th Avenue!

Visit Live Love Calgary For More Details On This Beltline Townhouse

For the virtual tour click here

Glamis Green Townhouse Glamorgan

JUST LISTED : #275, 77 Glamis Green SW

This two-bedroom executive townhome in Glamis Green has an open and modern floorplan offering over 1,000 sq.ft. of living space. Perfect for first time home buyers with discerning taste as it features high-end finishes throughout!

The main level features a large master bedroom, a generous sized second bedroom and a 4 piece bathroom. This floor also features in-suite laundry, with shelving and loads of storage space.

The wide open upper floor is warm and welcoming. Showcasing an elegant kitchen with granite counter tops and a raised breakfast bar. The great room layout is beautifully designed with considerable space for both dining and living. It even boasts a gas fireplace for cozy evenings in curled up with a book. There is also a powder room for your guests.

The windows and patio entrance deliver an abundance of natural light. Being on the top floor allows for your own private patio with a private feeling, perfect for bbq-ing in the summer.

If you are looking for a home that is a quick commute to downtown (only 8kms)? And do you delight in being surrounded by almost every amenity you can think of? Than look no further….Glamis Green is for you! Welcome Home.

For more details click here.

For the virtual tour click here.

Glamis Green Glamorgan   Glamis Green Glamorgan

Glamis Green Glamorgan    Glamis Green Glamorgan

 

About Glamorgan:
Glamorgan is located in SW Calgary, only 8kms from downtown Calgary.  Glamorgan is close to several shopping malls and contains a number of restaurants. There are both public and separate schools in the area. Glamorgan Community Centre offers before and after school care in a comfortable setting, complete with homework tables and computer stations. There is an outdoor ice rink for community shinny games as well as an adjoining pleasure rink. There are a variety of activities such as yoga, Guides, Adult Fitness classes and Karate. The community also offers outdoor soccer, family softball as well as other recreational sports. GCA has a new building situated next to the outdoor rink, called GlamShack and it is the central meeting spot for Grassroots Hockey and Soccer.

JUST LISTED : 88 Prominence View SW

This bright & well-kept San Francisco-style end unit town house with double turrets is located in the beautiful community of Patterson. This home is surrounded and backing on to a green belt, it is uniquely situated in the Capilano Gardens condominium complex. The features include a tiled foyer with mirrored entry closet, gorgeous cherry oak built-ins and cabinetry. There is rich oak flooring throughout the main floor and neutral carpeting upstairs. There is a desirable large south-facing deck that has an expansive and private view. It allows for a wonderful summer retreat for BBQing or hosting friends and family.

This two-storey townhouse offers a grade-level foyer with access to double tandem attached garage. The kitchen includes a wall pantry and island, turret-style breakfast nook with a magnificent view. Don’t forget about the granite countertops and stainless-steel appliances. The open concept living/dining room has a marble-faced gas fireplace and built in bookcases. The main floor also has a 1/2 bath and in-suite laundry.

The upper floor has open hall plan with built-in cabinetry and a den with more large windows. The spacious master bedroom retreat features a mirrored by-pass doors into a semi walk-in closet. There is also an ample second bedroom. And a large 5-piece bathroom with a corner jetted tub.

This is one of the most sought after locations and town house in the area. Be sure to call your favourite REALTOR for a tour today.

For more information click here.

For the virtual tour click here.

Patterson 88 Prominence View SW Townhouse   Patterson 88 Prominence View SW Townhouse

Patterson 88 Prominence View SW Townhouse   Patterson 88 Prominence View SW Townhouse

 

About Coach Hill Patterson Heights:

Coach Hill Patterson Heights is a well established community in the city of Calgary. It is located in close proximity to downtown, Canada’ Olympic Park and one of the most geographically unique areas of the city.  Whether it is the rolling hills, bubbling waterfalls, sloped ravines, or natural fauna – this community is beautiful. There are also interesting bike paths and friendly people that make Coach Hill Patterson Heights their home, our community has a lot to be thankful for.

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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5 Tips for Buyers

Traditionally, spring has been the time that many buyers and sellers become motivated to enter the real estate market. The warm weather and longer days encourage potential buyers to get out and look for a home to fit their needs and budget.

1. Get your credit in shape. If you plan to finance your home purchase, check your credit history, especially if you’re a first-time buyer. That way, you can correct any errors and take measures to boost your credit score. Order your free credit report in writing from Equifax Canada and TransUnion Canada.

2. Get pre-approved for a mortgage. Early in your search, meet with a mortgage lender who will take a look at your credit history, your savings and investment statements and your current financial situation, and give you a better picture of what you can afford and the financing options available.

3. Establish your budget. Whether you’re financing your purchase or paying cash, it helps to establish a budget. This will help you focus your search on great homes within your price range.

4. Make a list. Buying a home is a process of elimination, not a process of selection. Make a list of your ideal home’s must haves and deal breakers. This will help you to narrow your search so that you can find a home that fits your current and future needs.

5. Think about resale. While you may purchase your home as a long-term investment, keep in mind that you may need to sell it one day. Consider the homes resale value when you’re looking at properties.

 

58.6% of Canadians Homeowners Have A Mortgage*

 

*Source: Statistics Canada

© 2019 Monique Morrison. Designed by PTI Graphics.

Redline Real Estate Group