Feb 20 - Mar 20, 2015 Volume 15 Issue 02
Calgary Edition
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HomeGuideCalgary.ca
Your Best Source for Homes & Condos
Nestled in the heart of Mount Royal Ray Riley
ROYAL LePAGE Foothills 403.270.7601 | rayriley@shaw.ca | www.rayriley.com
For more information on this property, please go to page 30-31
INSIDE THIS ISSUE
INTEREST RATES, OIL PRICES, OUR DOLLAR & THE HOUSING MARKET
THE ART OF PREDICTING HOME PRICES
FINDING YOUR DREAM GETAWAY
visit RAYRILEY.com LUXURY ACREAGE HOME
$2,479,000
• • • •
PROFESSIONALISM
5,920 Sq.ft. walkout bungalow 4 bedrooms Carriage house over triple detached garage Triple attached garage
SERVICE
• • • •
4 fireplaces 5 acres with a pond Borders an environmental reserve Private setting only minutes from the city
RESULTS
RAY RILEY.com
LAKE HOMES
RIDGE HOMES
LUXURY HOMES
LAKE HOMES FOR SALE IN CALGARY
RIDGE HOMES WITH SPECTACULAR VIEWS IN CALGARY
LUXURIOUS HOME FOR SALE IN CALGARY
LUXURY GOLF COURSE HOME
$1,279,000
• • • •
Over 4016 sq.ft. bungalow Beautiful golf course views Fully developed walkout basement Luxurious gourmet kitchen
TELEPHONE: Foothills
403.270.7601
E-MAIL: RAYRILEY@SHAW.CA
• • •
3 fireplaces 3 bedrooms, 4 baths Heated oversized triple attached garage
(403) 245-0773 1612 17th Ave, SW, Calgary, Alberta T2T 0E3
SONIA MOLINA 403-630-8684 smolinamadrid@hotmail.com
VIEWS! LOCATION! CONVENIENCE!
INNER CITY CONNAUGHT
• Open floor plan • Gourmet Kitchen • Huge master bedroom with elegant 5 piece ensuite • In-suite laundry and storage room • MLS#C3649442
• 2 bedroom Condo • In suite laundry & storage area • Updated kitchen and bathroom • Secured underground assigned parking • MLS#3650789
26 RIDGE VIEW PLACE, COCHRANE $849,000
ROSE-MARIE LAFOND 403-830-7901
• Breath taking views • 10ft ceilings • 2650 sqft above grade + 1200 sqft finished walk out with heated floors. • MLS#C3645735
48 SHANNON GARDEN SW, CALGARY. $472,000 • • • •
1590 sq Ft 3 Bedrooms 3 Bathrooms MLS#C3645325
lafondrose@gmail.com
3816 17 St SW $1,295,000
JASON WILSON 403-605-0505
• • • •
• • • •
IMMACULATE, BRIGHT INNERCITY TOWNHOUSE!
SILVER SPRINGS BUNGALOW!
2642 Sq. Ft 4 Bedrooms 5 Bathrooms Underground Parking Stall • Spectacular!
jw6050505@gmail.com www.century21bamber.ab.ca
ALLISON JAMES 403-708-5873 ajames16@gmail.com www.allisonjames.com
104 2420 34 AV SW, $255,000
• Great downtown views! • Rare double attached garage • 2 Bedrooms plus den and 2 full bathrooms • MLS#C3648326
580 Sq. Ft. 1 Bedrooms 1 Bathroom Double Detached Garage. • Low Condo Fees!
• Over 1300 square feet. • Fantastic neighborhood • 3 + Bedrooms, 3 full bathrooms • Fully finished basement • MLS#C3652239
MORTGAGE INTEREST RATES ARE NEAR HISTORICAL LOW LEVELS Visit us at Westbrook Mall, online at tmgwestbrook.com or contact us at 403-456-6444 for a free no obligation quote
STUART POCOCK
ACCREDITED MORTGAGE PROFESSIONAL
Dianne Brown
REAL ESTATE TEAM DIANNE & MICHAEL BROWN
LANDAN REAL ESTATE
CALL & ASK FOR DIANNE
403-256-3888 ACHIEVEMENTS • RE/MAX Platinum Club • RE/MAX President’s Club • Chairman’s Club • Member of MLS Million Dollar Club
1-800-661-6262
realestate@diannebrown.ca www.diannebrown.ca
MISSION
ROYAL OAK
CONNAUGHT
RARE OPPORTUNITY! 1 bdrm & lock-off suites in the Swan Evergreen Village ASSISTED LIVING facility. Amenities include full service dining, fitness facility, games & craft rooms, bistro & professional onsite mgmt.
Fantastic price, river & tree top views from your sunny South balcony in this Contemporary 2 bdrm, 2 bath condo. Cozy gas fireplace, Stainless Appliances, granite counters & titled parking stall!
Fabulously renovated 3 bdrm, 3½ bath townhome with professionally developed walkout. Features include: chef’s kitchen, Canadian Maple hardwood, stainless appliances, private fenced back yard, deck, patio + single attached garage.
Spectacular downtown skyline views from this immaculate 2 bdrm, 2 bath condo. Top quality finishes including ceramic tile & hardwood flooring, granite countertops, full height cabinetry, ensuite laundry, central a/c & titled parking.
$215,900 - $285,900 + GST
$429,900
$438,500
$448,500
VICTORIA PARK
COCHRANE
Gorgeous 2649 sqft 3 bdrm + den, 2½ bath home w/triple garage overlooking the ravine. Features include: 2 balconies, cozy fireplace, hdwd & tile floors, stainless appliances, huge island w/breakfast bar, walk-thru pantry & mudroom.
$629,900
$798,500
BRIAR HILL
WOODBINE
$1,450,000
Absolutely gorgeous fully developed walkout bungalow with park & mtn views. Features incl: 1+2 bdrms, 2½ baths, vaulted ceilings, gas fireplace, skylights, formal dining rm, gourmet kitchen, media rm & large low maintenance deck.
$889,900
KELVIN GROVE Exclusive location! Stylish & elegantly renovated home with hardwood & tile throughout, chef’s kitchen with professional stainless appliances, granite countertops & huge island with breakfast bar, formal living & dining rooms, total of 4 bedrooms & 4 luxurious bathrooms, professionally developed walkout with family & games rooms, den, 4th bedroom & 3 piece bathroom. Large 50’ lot, sunny south yard, across from a park & downtown skyline views.
Over 4,000 sqft of SPECTACULAR development in this TOTALLY RENOVATED home situated on a 70’ lot in the heart of Kelvin Grove. New from the studs in and the studs out including insulation.
$1,695,000
$1,695,000
IRRICANA
This parcel contains 80 ACRES of PRIME cultivated farm land and is located adjacent to the East of Range Road 263, one mile North of Highway #9 and 2 miles North of the Town of Irricana in the Municipal District of Rockyview.
$449,900
ELBOW VALLEY ESTATES Elegant “Executive Style” walk-out bungalow with over 5300 sf of custom living space. Exceptional location – Elbow River views & private path to Lott Creek. Total of 4 bedrooms, 3½ baths, in-floor heating, wine cellar & amazing 6 car garage.
$2,288,500
Rural
Elegant contemporary executive home backing onto Fish Creek Park. Total of 4 bedrooms, 3½ baths. Gourmet kitchen, in-laid limestone & tile flooring. Professionally landscaped with terraced decking, patio and heated pool.
ARBOUR LAKE
Residential
Spectacular downtown skyline views from this 2 bdrm, 2 bath unit in ARRIVA. Features incl: 2 balconies, 2 TITLED parking stalls, storage locker + walls of windows, stainless appliances, quartz counters, hardwood & tile floors & more.
Condominiums
EVERGREEN
Join us at the
CALGARY HOME +GARDEN SHOW R 2015 FEB - MA ISSUE 1 UME 13 VOL
WITH 4 DAYS FULL OF REAL ADVICE, REAL INSPIRATION AND REAL EXPERTS VISIT US AT CALGARY’S FAVOURITE HOME AND GARDEN SHOW.
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FEB 26 – MAR 1 Y EDITION CALGAR
www.calgaryhgs.com HOME DÉCOR & RENOVATIONS BOOTH: 1547 ERT GET EXP OM FR ADVICE NERS DESIG COCK JEF HAN AND E E WE N JANETT T THE A
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6 • HomeGuide | Volume15 Issue02
REALTY PROFESSIONALS
TEL 403-919-4574 SAM@SAMCRICK.COM WWW.SAMCRICK.COM
52 STRATHCLAIR PLACE SW
Situated on a quiet cul de sac in the sought after area of Strathcona Park, close to popular schools, playgrounds, ravines and transit this location is hard to beat! On top of that add a beautifully maintained, custom built Wolfgang Wenzel designed Hillside home offering 3 bedrooms, spacious living rooms for all the family along with a fully finished basement and you have a great place to call home.
$725,000
2725 18 ST SW
Spacious 3 story home offers over 3200SQ.FT of luxury developed space. Beautifully Upgraded with Stunning Finishes throughout. The main floor offers plenty of natural light & features 10Ft ceiling height, an open riser staircase at the front of the house allowing for a true open concept floor plan.
$1,157,000 #306 3130 66 AVE SW
Stunning renovated 3 bedroom, split level Townhome in the sought after community of Lakeview, close to North Glenmore Park, Weasel Head and the Reservoir, this location is hard to beat. The home has undergone extensive updating and is move in ready.
$500,000 4319 5TH AVE SW
Located across form Green Space with a SUNNY SOUTH backing yard sits this newly built 1300+ sqft bungalow. Everything in this well designed and well laid out home is brand new for 2014.
$899,000
RICHARD KIM RE/MAX HOUSE OF REAL ESTATE Fabulous new home by New West Custom Homes! This 2 storey WALKOUT features a main floor den/ flex room, walkthrough pantry, spacious kitchen and great room with fireplace. The upper level boasts a large bonus room, master with luxurious ensuite bath, 2 spare bedrooms, plus laundry room! Some of the upgrades include: hardwood and tile flooring, stainless steel appliance package, quartz kitchen island, spa-like ensuite with 4’ shower and seperate 6’ soaker tub, rear deck, and exterior stone accenting. These homse represent excellent value and are conveniently located with quick access to Shaganappi Tr and the NW Costco!
107 WHISPERING WOODS TC $899,000
Wonderful fully finished walkout bungalow with unique 2nd floor bonus room. This home has been well maintained & is in move-in condition! Some of the recent upgrades feature gorgeous granite throughout the kitchen & bathrooms. This west back bungalow is flooded with natural light, backing onto a peaceful pathway/green space leading to ponds & wooded areas. Enter to a spacious foyer; relax in the large great room with gas fireplace; prepare scrumptious meals in the gourmet kitchen, unwind in the luxurious master suite with opulent ensuite featuring double sinks & newly renovated custom shower; enjoy the convenience of a second main floor bedroom; your imaginations the limit for the huge upper floor bonus room. The walkout level is fully finished featuring 2 more bedrooms, another full bath, gigantic rec room, 2nd fireplace, wet bar area, all complete with infloor heating. Outback, enjoy the sun on the west facing rear deck. For the hot sunny days, this home comes with AC. The garage is oversized too!
PREMIERE EXECUTIVE SUITES
This is a fully furnished unit currently used as an executive rental through “Premiere Executive Suites”. The asking price includes all furniture, cutlery, bedding etc. It is ready for the next owner to simply take over...The suite itself shows like new and is located in the NW corner with amazing views of the Bow River. The interior finishings boast upgraded flooring, granite counter tops and stainless steel appliances. Five West is a premium building featuring the best in security and a convenient downtown location. This unit is vacant and is available for immediate possession. Including all furnishings, this unit is priced to sell!!
1840 31 AV SW $759,000
Wonderful fully finished 2 storey in sought after South Calgary! Enjoy living in this second-to-none location, just 2 blocks to the community center. This home has been well maintained and is in move-in condition. The main level features a sunken front living room with gas fireplace, mid dining area, modern rear kitchen (with large window over looking the back yard), and, a spacious breakfast nook area. The upper level boasts 3 bedrooms and laundry. The master bath features a 5 pce ensuite with double sinks, a jetted tub, and custom shower. The spacious room itself is flooded with south sunshine with vaulted ceilings, a second fireplace, and a private balcony. The lower level was fully finished by the builder with another huge bedroom/media room, large rec room, another full bath, all complete with in-floor heating! Enjoy the fully landscaped rear yard featuring 2 large decks leading to the double garage! What a perfect place to call home!
BUILDER ALERT 2830 & 2832 42 ST SW
BUILDER ALERT-Vacant lot with approved Development permit. This is an oversized 27.78’ wide x 120’ deep flat lot. The extra 2.78’ width makes a significant difference with the thoughtful use of cantilevers. The seller is including plans for a DP approved 2139sf 2 storey DETACHED home with double detached garage based on a very well selling plan. Glenbrook is undergoing substantial redevelopment and new Detached infills are rare anywhere in the inner city and are in high demand. This is an excellent location just around the corner from a large childrens playground, a short drive to “Westhills” shopping center, and, the new Westbrook LRT. The lot next door is also available (also has DP in place) and can be bought together or separately. Also, custom build your dream home through the current owner. Call listing agent for details..
565 PATTERSON GV SW $1,699,000
Absolutely gorgeous, beautiful New West showhome is now for sale in the Point in Patterson Heights! Over 3600sf above ground, this home boasts a fabulous floor plan with a luxurious main floor master suite, 2 storey great room, chef’s grade kitchen, and, an upper level that features 3 bedrooms (2 with their own full ensuite baths), laundry, bonus room/loft, plus another den/bonus room privately accessed from a separate stairway. Showcasing a “Prairie” style exterior, enjoy the convenience of a fully finished triple attached garage. Landscaping included. This home is sure to please even the most discriminating buyer!
31239 TWP RD 252 $595,000
Fabulous opportunity to build your dream home on this 4 acre property with gorgeous vistas! This parcel has a commanding view of the Bow River escarpment and rolling foothills. The western portion is fairly flat and the eastern portion falls off into a wooded ravine/bush area. Township Rd 252 is a cul-de-sac so its extra quiet. Enjoy proximity to Springbank Airport, Edge Sports School, Calaway Park, and the new Michelson Designed golf facility. Build your dream home and plant your families roots in this ideal location!
374 NOLAN HILL DR NW $579,000
370 NOLAN HILL DR NW $579,000
NEW HOME W/ FULLY FINISHED WALKOUT
SHOWHOME
NEW HOME W/ FULLY FINISHED WALKOUT 719 36 ST NW $929,000
SHOWHOME
C
Excellent Parkdale location backing west onto a playground/green space! For peace of mind, this gorgeous new 2 storey is built by New West Custom homes, an Alberta New Home Warranty registered builder. The main floor boasts a spacious foyer and large great room with feature fireplace. The mid kitchen is elegant yet modern, opening onto the bright, west facing dining area. The 2nd floor features 3 spacious bedrooms, convenient laundry, and, the master suite boasting a spa-like, 5 pce ensuite bath. The lower level is also fully finished with a 4th bedroom, another full bath, large rec room, and INFLOOR HEATING. Out back, enjoy the convenience of a double detached garage. This home boasts elegant finishing throughout and is well located with-in walking distance to the Bow River pathway system and Downtown, Edworthy Park, the Foothills Hospital, and the University of Calgary. This home will be ready mid September-call to arrange a private viewing a complete list of finishing details.
561 PATTERSON GV SW 1,580,000
Fabulous new home by New West Custom Homes! This 2 storey WALKOUT features a main floor den/ flex room, walkthrough pantry, spacious kitchen and great room with fireplace. The upper level boasts a large bonus room, master with luxurious ensuite bath, 2 spare bedrooms, plus laundry room! Some of the upgrades include: hardwood and tile flooring, stainless steel appliance package, quartz kitchen island, spa-like ensuite with 4’ shower and seperate 6’ soaker tub, rear deck, and exterior stone accenting. These homse represent excellent value and are conveniently located with quick access to Shaganappi Tr and the NW Costco!
Brand new New West 2 storey Showhome with triple attached garage in the Point in Patterson Heights. Over 3200 sq ft! Great floor plan with 10ft ceilings. Gourmet kitchen with centre island open to dining room with coffered ceiling and great room with gas fireplace. Staircase leading upstairs to large master bedroom with 5pc ensuite with free standing soaker tub, separate shower, double sinks and make up counter. 2 other good sized bedrooms and 4pc main bath. 2nd floor laundry room with sink. Large bonus room. Basement is ready for development with 9ft ceilings. Balcony over main entrance and roof top patio. Close to all amenities.
SHOWHOME
403.616.0734 ♦ E richard.kim@remax.net ♦ F 403.476.5200 ♦ W www.richkim.ca #20, 2439 - 54th Ave. S.W. Calgary, AB T3E 1M4
Now building in Patterson Hills, Rock Lake Estates, Killarney, Elbow Park and other fine communities. Ask for lot availability and immediate possession homes
advertisersindex CAMERON & COMPANY DISCOUNT REALTY LTD. Dory Cameron. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .49 CENTURY 21 Allison James . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 David Crick . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 Jason Wilson . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Rose-Marie Lafond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Sonia Molina . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 MAPLE LEAF REALTY Ken Yeoh . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19 RE/MAX REAL ESTATE Alnoor Velji . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .55 Anne Lindsay. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .25 Dianne Brown . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Don Lothian. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .23 Gary Williams . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .33 James Cote . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .37 Len T. Wong & Associates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .28 Matt Williams . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .33 Rahim Dhanji . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .33 Richard Kim. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Robert Cote . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Sam Crick . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Scott Merchant . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19 Stewart J Lowe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .25 ROYAL LEPAGE REAL ESTATE Chris Zaharko . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12 Ray Riley. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Serhan Tarkan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Back Page
PRESIDENT, WALL2WALL MEDIA
Jacqueline Hill
EDITOR-IN-CHIEF/DIRECTOR OF CONTENT
Susan Legge
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Anita van Breevoort Phone: 403.461.5518 CONTRIBUTING EDITORS
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MORTGAGE COMPANIES PROLINK Lori Ames. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .33 THE MORTGAGE GROUP ALBERTA Stuart Pocock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 RECREATIONAL PROPERTIES & MORE HOME INSPECTIONS Pro Elite Home Inspections Services Ltd. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .35 PEMBERTON HOLMES Nancy Vieira . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .47 RE/MAX CAMUSON PENINSULA PROPERTIES Jack Barker . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .45
The Home Guide is published by Wall2Wall Media located at 2891 Sunridge Way NE, Calgary, AB T1Y 7K7. Home Guide is distributed throughout Calgary at free pick-up locations. This magazine carefully inspects all ads for accuracy, however, the publisher and the printer shall not be responsible for any mistakes, design errors or incorrect information which is provided by the advertiser or their representative. The advertising herein, including the photographs and all artwork, is the property of Home Guide and not that of the advertiser. The advertiser has purchased the right of reproduction in Home Guide magazine only and does not have the right to reproduce the ad in whole or in part in any other place or publication without the consent of the publisher. The entire contents of this publication are protected by copyright and are intended for the sole use of the public. The views expressed by the columnists in this publication are not necessarily those of the publication.
Published By
Volume15 Issue02 HomeGuide •
9
contents
30
VOLUME 15 ISSUE 2 | FEB 20 - MAR 20, 2015
IN THIS ISSUE 16. 23. 30.
32. 34.
38.
FUNDAMENTALLY SPEAKING
39.
MARKET PLACE
FEATURE PROPERTY
40.
AROUND THE HOUSE
by Heather Ryan
42.
HOMEBUYERS’ HELP
Calgary’s real estate market cools off in January by Heather Ryan
44.
RECREATION PROPERTY
Lower interest rates, oil prices, our dollar, and Canada’s housing market
51.
FEATURE PROPERTY
52.
AROUND THE HOUSE
EDITOR’S NOTE FINANCES
shopping
Think beyond rates when mortgage
Luxurious, custom-built home in prestigious Mount Royal, presented by Ray Riley, Royal LePage Foothills
MARKET ANALYSIS
HOMEBUYERS’ HELP
by Kara Kuryllowicz
37.
IN THE NEWS Home prices strolling versus bounding by Wayne Karl
10 • HomeGuide | Volume15 Issue02
home prices by Wayne Karl
The art of predicting
Trend spotting by Sara Duck
Why you should pay attention to the Bank of Canada by Alyssa Richard The cost of love in Canada: $50,339.21 by Lydia McNutt
getaway by Elisa Krovblit
Finding your dream
McKenzie Lake home offers river, city and mountain views, presented by Ray Riley, Royal LePage Foothills by Heather Ryan Spring cleaning by Laura Le
34
42
44
52
MAPS & EXTRAS 18, 24, 36 & 41. Calgary maps, communities and MLS numbers 20. You love the home, see what you can afford! 43. Recreational properties 48. Out-of-town regional map
FOR ADVERTISING INFORMATION CALL 403.461.5518 NEXT DEADLINE: MARCH 6, 2015
38
Volume15 Issue02 HomeGuide •
11
Zaharko
the name synonymous w
The Montana - Premier penthouse office condo
An excellent opportunity to own the entire top two floors of The Montana condo tower. Close to 6,000 sq. ft. of office space with unobstructed 360 degree views. Floor to ceiling windows and 6 balconies. Three elevators. Currently set up with 14 offices with incredible built-ins, 2 separate board rooms and a full working kitchen & eating area. Ten (10) titled underground parking stalls & 7 leased storage units. Premiere building with a full service concierge and fitness facility. Perfect location, close to restaurants and amenities with an easier commute to the beltline rather than the downtown core. Currently set up as an upscale office, but could be converted into one or two residential penthouse condos. $4,850,000
Estate Home in Silverado Ranch
Rocky Ridge Ranch
Close to 4700 sq. ft. of development in this executive custom built home by S&J Stucco. Ideal for a family, with a total of 5 bedrooms throughout. An oversized lot (64 frontage, 104’ at the rear and 164’ in depth) The garage is 1005 sqtft. Developed on all 3 levels, with a media/games room in the lower level and 2 large bedrooms/ both with walk in closets. The main floor offers a separate dining room, large den and a huge Family/ great room, with 22’ ceilings. Kitchen has top of the line appliances built in fridge, gas stove, and 2 wall ovens. C3647705 $1,175,000
Chris Zaharko |
Location! A stunning 2 storey walkout backing onto a lake & greenspace. This custom built 3700 sq. ft. home features a majestic foyer and offers a music room, den, formal dining room and a 2-storeyhigh great room with a stone fireplace and large windows with views of the lake. Hardwood and tile throughout the main floor. The gourmet kitchen has top-quality appliances, gorgeous cabinetry, granite counters, centre island, walk-in pantry and a full length arched window over the sink with lake views. Four bedrooms up with walk-in closets & ensuite bathrooms. Solid wood doors and builtin speakers throughout. C3634099 $1,360,000
Associate #1 Individual Agent at Royal LePage Foothills 2008
us with real estate Discovery Ridge Apartment Condo
Condo in the Woods! The Wedgewoods of Discovery Ridge border the Griffith Woods Environmental park, over 93 hectares of natural woodlands with pathways & trails, right at your doorstep. A rare find, this unit comes with a titled 2-car (tandem) heated underground parking stall. This 2BR condo offers the best of all worlds - close to all amenities, including West Hills retail district, scenic landscape, and easy access out of town to head to the mountains. This main-floor unit features a stylish kitchen with granite counters, stainless appliances, raised breakfast bar & good-sized dining area. Bright & cozy living rm has laminate floors, a gas fireplace & garden door to the private, fully covered patio, overlooking the woodlands. Master suite has a walk-in closet & 4pc ensuite w/ jetted soaker tub & separate shower. A 2nd bedroom, 3pc main bath & laundry/storage room complete the unit. Other condo amenities include a gym & social room w/ pool table, and ample visitor parking. Great value, view today! C3636193 $399,500
Oakridge Estates
Fantastic location! Walk-out basement! This fully renovated 1 1/2 storey home with walkout basement is a rare find in desirable Oakridge Estates! Great family neighbourhood, close to parks/playgrounds & school (designated GATE program), pathways, south Glenmore Park & reservoir. Features 3 good-sized upper-level bedrooms & main floor master bedroom. 3 wood-burning fireplaces. Extensive renovations include: triple-paned Pella windows & exterior doors; exterior roll shutters (provide security & insulation); 2 beveled glass pocket doors; new lighting; float glass counter; new humidifier, and much more. Contemporary cabinetry in kitchen & bathrooms. Fully finished walkout basement features large rec room & full bathroom with jetted tub, shower & sauna. Huge back yard features mature trees & landscaping, detached double garage, & new fence. Other features include: underground sprinkler system (lines prepped for winter); vacuflo system on all 3 levels; electronic furnace filter. Outstanding value! C3636229 $819,900
Totally Renovated Bungalow in Collingwood
Completely renovated, fully developed 1173 sq. ft. 3 + 1 bedroom bungalow in Collingwood. Open concept floor plan with American Walnut hardwood throughout the main floor. Kitchen features a huge centre island, rich custom cabinets, stainless steel appliances and quartz countertops. Gorgeous bathroom with travertine floors, surround and a large soaker tub/shower combination. Lower level developed with a spacious bedroom, huge family room and 3 piece bath that boasts travertine floors, shower, vanity and built-in cabinets. Single attached garage. Great location, close to all amenities and walking distance to school & public transportation. C3647688 $729,000
P: F:
403.249.4322 403.252.2653
E: W:
czaharko@rlfoothills.com www.zaharko.com
Zaharko
the name synonymous w
Kelvin Grove
Mission
A completely renovated 3000 sq. ft. two-story in the heart of Kelvin Grove, with a modern look and feel. Four large bedrooms upstairs, a second floor laundry plus a spacious bonus room. Incredible open main floor living area, great for entertaining. Hardwood throughout both levels with top of the line finishings and appliances. A triple oversized garage. Perfect location, walking distance to Chinook Park, Henry Wise Wood & Rockyview hospital. Asking $1,390,000
The Tribeca, Bucci Development’s located in the Heart of Mission, A Canadian Platinum Certified building “built Green”. One bedroom unit on the second floor features a spacious kitchen with plenty of cabinets, quartz countertops, breakfast bar and top of the line stainless steel appliances. Laminate flooring throughout the kitchen and living area. Nice city views from the 76 sqft covered balcony with gas bbq line, titled parking stall and assigned storage locker. within walking distance to downtown and all amenities, on 4th St and 17Ave. (Pet friendly building). C3650530 $349,900
Shaganappi Bungalow
Signature Parke
3800 sqft, of development. (50’x 145’ lot), 5 bedrooms throughout, a beautiful renovated bungalow in the heart of the inner city, within walking distance to the LRT, downtown and all amenities. An oversized corner lot’ with a 4 car garage. A Great opportunity for re-development, build a second story and take advantage of the city views, or build 2 new homes. Situated across the street from Shaganappi Park which offers hockey, skating rinks, tennis & basketball courts, a community hall, off leash dog park, and next to one of Calgary’s top schools-Alex Ferguson. C3648470 $849,999
This former showhome in Signal Hill Estates featuring 1858 sq. ft. 2 bedrooms plus a loft. Spacious open floor that is perfect for entertaining. Hardwood flooring throughout the main level. Gas fireplace in the living room. Spectacular kitchen with plenty of cabinets, granite countertops and stainless steel appliances. The second floor has a large master suite with a 5 piece ensuite and walk-in closet. 19’x9’ balcony off the master with partial city views. A loft, guest bedroom and full bath complete the upper level. 2 car garage. Perfect location, close to all amenities and only a 10 minute walk to the LRT. C3649289 $684,900
Connaught - Inner City Living
New Brighton Condo
Enjoy downtown living in this spacious 1-bedroom condo! Ideally located between trendy 17th Ave & the downtown core, you’ll find it easy to take advantage of all that inner city living has to offer. Open plan features large living room, dining area and office nook. Convenient in-suite laundry and storage. Master bedroom has “cheater” door to the 4pc bathroom. Unit includes one underground parkade stall. Building features central air conditioning, and condo fees include heat and water. Great value! C3622720 $229,000
Great 2 bedroom + den, main floor unit featuring cork flooring, maple cabinets & granite counters. Heated underground parking. Perfect for the first time home buyer or couple. Close to all amenities. C3645448 $269,900
Chris Zaharko |
Associate #1 Individual Agent at Royal LePage Foothills 2008
us with real estate Lake Living in Mahogany
This Ash River plan built by Stepper Homes is located in the desirable lake community of Mahogany where you can enjoy four seasons of recreational fun. This executive home offers 2160 sq. ft. of open concept family living. Hardwood floors throughout the main level. Great Room features a gas fireplace and large windows for plenty of natural light. Kitchen boasts a large island with breakfast bar, dark cabinets, granite c ountertops, stainless steel appliances and a large bright breakfast nook. Upper level features a bonus room on one side of the stairs and a loft on the other. Master bedroom with a 5 piece ensuite including a soaker tub & separate shower. Two additional good size bedrooms upstairs and a 4 piece main bath. Convenient upper laundry room with built-in shelving as well. Large fenced back yard and double attached garage. Great location, close to green spaces, playgrounds, toboggan hill, shopping, the new hospital and walking distance to the lake. C3645141 $549,900
Mount Royal Character Home
Garrison Woods Townhouse
Charming character home in Mt Royal with numerous renovations and updates. Off the foyer is a sitting room. Formal living room with vaulted ceiling, skylite and a gas fireplace with builtin bookshelves. Formal dining room with crown moldings and a window seat. Updated and modern kitchen with lots of cabinets and a breakfast bar that opens to the family room with fireplace, open beam ceiling and a whole wall of windows that overlooks the back yard. Also on the main floor is a den, a bedroom and a bathroom. The master suite encompasses the upper level and offers an ensuite and walk-in closet/dressing room with built-ins. Oversized double attached garage. Gorgeous mature landscaping surrounds this home. Located in the desirable neighborhood of Mount Royal, close to downtown and all amenities. C3648662 $1,247,888
Exceptional townhouse located in the desirable Garrison Woods. Over 3000 sq. ft. of executive living space in this 2 storey unit featuring 3 bedrooms, 3 full baths, a den area and a spacious living room with a gas fireplace. Open kitchen with maple cabinets. Master bedroom boasts vaulted ceilings, dormer windows, a walkin closet and large 5 piece ensuite. South facing deck and double detached garage. Walking distance to all amenities, a tot lot, private schools and much more. C3645904 $729,000
Garrison Green
Bridleridge
Custom built 2 storey home with over 3,000 sq.ft. of living space. Main level features hardwood floors, slate finishing and a built-in surround system. Kitchen boasts plenty of custom cabinets, granite counters, large island and stainless steel appliances. Master suite has a large ensuite with walk-in closet, heated floors, corner jetted tub, shower and speakers. Two more spacious bedrooms, 4 piece bath and convenient upper laundry room. Lower level is finished with a 4th bedroom, 4 piece bath and a large media room with a gas fireplace. Double detached garage, U/G sprinklers and the perfect location in desirable Garrison Green. C3647921 $924,000
Custom built family home in Bridleridge on a large lot with south facing backyard. Spacious living room with hardwood floors and a corner gas fireplace. Kitchen features plenty of maple cabinets, stainless steel appliances and a large angled island with breakfast bar. Bonus Room on the upper level along with 2 bedrooms, full bath and the master suite with a 4 piece ensuite. The lower level has recently been professionally developed. Oversized double attached garage. Great location, close to parks, schools, shopping and public transportation. C3650134 $519,900
P: F:
403.249.4322 403.252.2653
E: W:
czaharko@rlfoothills.com www.zaharko.com
editor’snote
j HOW LOW
can they go?
ust when we thought interest rates couldn’t get any lower, the Bank of Canada’s decision to drop its key lending rate came as a surprise. Then the big banks followed suit by reducing their mortgage rates. The old adage, “expect the unexpected” has never been more true. A home is the most important purchase you’ll make in your lifetime, so this isn’t the time to leave things to chance. To prepare for the unexpected, get pre-approved for a mortgage. With a pre-approval in hand, you’re protected if rates rise; if they go down, then you’ll likely get an even lower rate. A pre-approval can be a win-win situation for shoppers, since it means you don’t have to wait to get financing approval on a home when you put in an offer. This is an especially good tool to have when markets are hot. Removing the “conditional on financing” clause could mean your offer is accepted first, since you already have your financing in place. So, when will rates rise? It’s anyone’s guess, but most experts agree it’s unlikely there will be any significant upward movement in 2015. However, we can’t just assume that will be the case, and you shouldn’t wait too long to get pre-approved for a mortgage. Take advantage, while you still can!
Susan Legge EDITOR-IN-CHIEF Wall2Wall Media, Susan.Legge@wall2wallmedia.com Follow me on Twitter at Twitter.com/SusanLegge
t
Location, location,
LOCATION
he search for the perfect home starts with location. Where you settle down will affect the quality of your life while you live there, and likely your home’s resale potential down the road. And, while you can renovate or even rebuild a house to change its features, location is the one thing you can’t change short of moving, so choose wisely. When deciding on where to live, think about your wants and needs, now and in the future. Stroll the neighbourhoods you’re considering and see what you can do without getting in the car. Are there schools and parks nearby? Where is the nearest grocery store, bank and shopping hub? What about public transit? If you’re considering an “up-and-coming” location, or one a little outside your choice boundaries, you could well get more bang for your buck. But don’t forget to factor in the extra commuting time and costs to get to work or visit family and friends. Perhaps you will need a second vehicle to get around. The suburbs are sweet, but if you’re an urbanite at heart, you may be willing to sacrifice some square footage to stay in the area you know and love. Whether you choose to buy in the city or in the suburbs, your budget is key to answering the questions of “where?” and “what?” Before you hit the streets in search of your dream home, speak with your financial adviser to determine what you can afford. Think about what matters most to you and your family, and do your research before pinpointing your hot spot.
Lydia McNutt EDITOR Lydia.McNutt@wall2wallmedia.com Follow me on Twitter at Twitter.com/LydiasTweets
16 • HomeGuide | Volume15 Issue02
Assisting Eau Claire Residents and their Families since 1991
www.robertcote.ca 403-249-9500
House of Real Estate • 3rd Generation Calgary Realtor • Licensed Broker • Certified Condominium Specialist
• MLS Million Dollar Club Member • Top Producing Re/Max Realtor • Business and Marketing Certificate
SPECTACUALR VIEWS! - EAU CLAIRE - PRINCETON HALL - $2,495,000
The luxurious Princeton Hall with full time concierge and outstanding amenities including guest suite! SPECTACULAR and STUNNING VIEWS from this PRIME LOCATION condominium home! Full and permanently unobstructed views of the Bow River, Prince’s Island Park and Peace Bridge! Superior design and finishing is evident throughout this 2282 sq ft luxury condo with hardwood floors, granite countertops, stainless steel appliances and quality built-ins. Enjoy the large covered northeast corner terrace with views, 2 double sided gas fireplaces, great room off kitchen with bay window, gourmet style kitchen with 2 ovens/gas range/wine chiller, 2 ensuite baths, huge master with large walk-in & convenient laundry area, built-in speakers, vacuum system, 2 titled stalls, titled storage locker and convenient elevator that opens right into your home! Extraordinary Eau Claire location next to Park, River, Pathways and close to Market, Cinemas, Fine Restaurants, Plus 15 and just a short walk to city center! The ultimate in downtown urban living.
COMPLETELY RENOVATED! EAU CLAIRE ESTATES - $729,000
The prestigious Eau Claire Estates. 1814 sq ft, 2 bdrms, 2 baths COMPLETELY RENOVATED with hardwood & tile floors throughout, granite countertops, stainless steel appliances, stylish custom cabinetry and elegantly renovated bathrooms. BRIGHT SOUTHWEST CORNER LOCATION with many large windows, spacious open floor plan, generous living/dining area that’s perfect for entertaining and a huge entrance way to greet guests. Enjoy the private master retreat with walk-in closet and ensuite bath, large guest bedroom with courtyard views next to 2nd bathroom, sep laundry room with storage and 2 choice SXS titled parking stalls close to elevator! The Eau Claire location is extraordinary next to the Bow River, Princes Island Park, YMCA, Market Shops, Walking/Bike pathways, Cinemas, Fine Restaurants and Indoor Plus 15 Network. Absolutely incredible amenities and secure 2 man 24 hr security/concierge.
IMMACULATE CONDITON! EAU CLAIRE - CHATEAU LACAILLE - $524,900
The Chateau LaCaille. An elegantly designed building with beautiful grand lobby, security/concierge service and underground carwash bay. Extremely quiet location along the Bow River in West Eau Claire. Bright south facing home with great 1153 sf floor plan, open kitchen with eating area, south facing balcony with view, gas fireplace, spacious living room, large tile entrance, separate laundry room, large full bathroom with jetted tub & shower stall, large master bedroom with walk-in closet/access to bathroom and enjoy the den/flex room off living area. ABSOLUTELY IMMACULATE home with underground titled parking and storage locker. Extraordinary Eau Claire location next to Bow River, Pathways, Peace Bridge, Prince’s Island Park and close to Market Shops, Cinemas, YMCA, Great Restaurants, LRT and just a short walk to City Center!
To View These Properties go to
www.robertcote.ca
zone
STONEY TR
COMMUNITIES & MLS NUMBERS STONEY TR
CROWCHILD TR DEERFOOT TR
TRANS CANADA HI
Greenwood Greenbiar
16 AV Pt. McKay
PRO LINK MORTGAGE
Need a mortgage? Call (403) 863-1293 Today! Five Year Fixed Rate
2.79%
5015 Centre Street NW, Calgary AB, T2K 0S9 E: loriames@gmail.com
18 • HomeGuide | Volume15 Issue02
Arbour Lake ................................443 Banff Trail .....................................415 Beddington ..................................508 Bowness.......................................478 Brentwood ...................................420 Briar Hill ......................................408 Bridgeland ...................................400 Cambrian Heights ......................496 Capitol Hill ..................................414 Charleswood ...............................419 Citadel .........................................475 Collingwood ................................418 Country Hills ...............................516 Country Hills Village...................521 Coventry Hills .............................520 Crescent Heights ........................404 Dalhousie ....................................422 Edgemont ....................................461 Evanston ......................................519 Greenview ...................................503 Greenwood Greenbiar ...............479 Hamptons ...................................471 Hanson Ranch ............................517 Harvest Hills ...............................514 Hawkwood ..................................451 Hidden Valley ..............................518 Highland Park .............................498 Highwood ...................................499 Hillhurst ......................................407 Huntington Hills.........................505 Kincora ........................................524 Lynx Ridge ...................................488 Macewan Glen ............................512
Montgomery ...............................476 Mount Pleasant...........................494 Mountview ..................................490 Nolan Hill ....................................474 North Haven ...............................500 North Haven Upper ...................501 Panorama Hills ............................515 Parkdale .......................................411 Point Mckay.................................412 Ranchlands ..................................441 Ranchlands Estates .....................442 Regal Terrace/Renfrew ................402 Rocky Ridge ................................484 Rosedale ......................................406 Rosemont ....................................495 Royal Oak ....................................486 Sandstone....................................510 Sage Hill ......................................526 Scenic Acres ................................432 Sherwood ....................................477 Silver Springs ..............................430 St. Andrews Heights ...................413 Stoney Industrial.........................525 Sunnyside ....................................405 Thorncliffe ...................................502 Tuscany ........................................482 Tuxedo..........................................492 University Heights ......................416 Valley Ridge .................................480 Varsity Acres ................................426 Varsity Estates .............................428 Varsity Village ..............................424 West Hillhurst .............................410
Scott Merchant
Free, Online Home Finder Service
The Merchant Difference www.scottmerchant.ca Re/Max House of Real Estate 249-9500
Lake Sundance
Hot new listings emailed daily... visit www.scottmerchant.ca and click on Free Home Finder
Renovated character Bungalow in Haysboro!
2000 sq ft Bungalow with Triple Garage! Gorgeous bungalow that features, 5 bedrooms, 4 bathrooms, triple garage, fully finished basement, hardwood floors, vaulted ceilings, updated kitchen with stainless steel appliances. Great location on a quiet street a short walk to private lake and 5 Schools.
Gorgeous renovation by Mandeville Homes on a large south facing lot a short walk to the LRT. This character bungalow has been opened up creating a huge great room/ Kitchen with island. Renovated top to bottom. Features; 4 bedrooms, den, hardwood floors, granite counters, 2 full baths, new basement development, new furnace, windows, doors, a brand new double garage and more. A must see!!
$735,000
$632,900
The Classics of
Brae Meadows
Lake Sundance!
Fully Renovated Townhouse
Gorgeous renovated 3 bedroom townhouse with an attached garage. Updated with new cabinets, quartz counters, hardwood floors and a professionally finished basement with wet bar. Excellent location a short walk to Private lake a great schools!
Brand new renovation on all 3 levels. Quiet location with your own private fenced yard. Complete renovation with New Kitchen cabinets, stainless steel appliances, flooring, plumbing fixtures, doors, casings, trim, lighting, paint, and 2 fully renovated bathrooms. Also a fully finished basement with rec room, storage and insuite laundry. Well manged PET FRIENDLY complex!
$364,900
$314,900
For virtual tours and open house schedules go to www.scottmerchant.ca
Ken Yeoh
FREE Quick OnLine Home Evaluation
403.803.8981
www. mapleleafrealty .ca
Broker/Owner
MARLBOROUGH
2 storey half duplex 3BRs & 1.5 baths corner lot & 2-car garage new kitchen windows & white cabinets ss fridge & newer appliances hardwood floors on 2 levels
• • • •
large family room in basement fully landscaped & fenced walk to Marlborough Mall easy access to all amenities
OLD
S
$
619,900
GLENBROOK
NEW LISTING
• • • • • • • •
Immaculate 2 storey executive home More than $25K of upgrades Total of 5 BRs & 3.5 baths, 2-car garage SS appliances, new carpets & paint Gleaming hardwood floors & 9ft ceilings on main Sunny backyard, fully fenced & landscaped Easy access to MRU & Glenmore Park Available for quick possession
259,900 $
• • • • • • • •
Fully renovated townhome 3 BRs & 1.5 baths New kitchen cabinets & windows New carpet, paint & appliances Dev basement with large family room South facing private yard Close to schools, park & shopping Available for quick possession
ERINWOODS
399,800
• • • • •
D
SOL
D
SOL
$
$
D L O S
• • • • • • • •
Fantastic 2 storey home 1518sf Total of 5 BRs & 3.5 baths Vaulted ceilings & bay window in LR Main floor laundry Bright kitchen with central island Developed walk-up basement Double detached garage Easy access to Peigan & Deerfoot Trail
NEW LISTING
MONTHLY STATISTICS
319,000
NEW LISTING MARLBOROUGH
City of Calgary Jan-14
Jan-15
% change
Feb-14
Feb-15
% change
Total Sales
1,439
879
-38.92%
273
181
-33.70%
New Listings
2,396
3,288
37.23%
428
610
42.52%
Active Listings
2,181
4,655
113.43%
N/A
4,983
N/A
Benchmark Price
426,300
459,100
7.69%
N/A
N/A
N/A
Median
417,500
422,000
1.08%
415,000
445,000
7.23%
Average Price
463,303
460,929
-0.51%
497,119
485,206
-2.40%
Days on Market
40
41
2.50%
32
34
6.25%
Note: Calgary Metro only; includes zone A, B, C & D
Volume15 Issue02 HomeGuide •
19
homebuyers’help
HOMEBUYERS’ RESOURCE SECTION YOU LOVE THE HOME, SEE WHAT YOU CAN AFFORD! Compare mortgage rates for your best deal Calculate your mortgage payments
20 • HomeGuide | Volume15 Issue02
homebuyers’help
CALCULATE YOUR MORTGAGE PAYMENTS MORTGAGE PAYMENT CALCULATION CHART
CALCULATE YOUR MORTGAGE PAYMENTS MONTHLY PRE-TAX INCOME
DIVIDE BY 3
CHART FIGURE
AMORTIZATION AMOUNT
SPOUSE’S PRE-TAX INCOME
AFFORDABLE MONTHLY PAYMENTS DIVIDED BY 12
AMOUNT OF MORTGAGE DIVIDED BY 1,000
ESTIMATED MONTHLY TAXES & HEAT
TOTAL PRE-TAX INCOME
MORTGAGE AMOUNT (PRICE – DOWN PAYMENT)
AMORTIZATION AMOUNT
MONTHLY PAYMENTS
AMORTIZATION PERIODS
INTEREST RATES %
5 YRS
10 YRS
15 YRS
20 YRS
25 YRS
3.00
17.96
9.65
6.91
5.54
4.73
3.25
18.07
9.76
7.02
5.66
4.86
3.50
18.18
9.88
7.14
5.79
4.99
3.75
18.29
9.99
7.26
5.91
5.13
4.00
18.40
10.41
7.38
6.04
5.26
4.25
18.51
10.23
7.50
6.17
5.40
4.50
18.62
10.34
7.63
6.30
5.53
4.75
18.72
10.46
7.75
6.44
5.67
5.00
18.85
10.59
7.89
6.58
5.82
5.25
18.97
10.71
8.01
6.71
5.96
5.50
19.08
10.83
8.14
6.85
6.11
5.75
19.19
10.95
8.27
6.99
6.26
6.00
19.30
11.07
8.40
7.13
6.40
6.25
19.42
11.19
8.54
7.27
6.55
6.50
19.53
11.32
8.67
7.41
6.70
6.75
19.64
11.44
8.80
7.55
6.86
FOLLOW THESE STEPS TO SEE IF YOU’LL QUALIFY FOR A MORTGAGE ON YOUR DREAM HOME
01
05
Calculate the combined monthly before-tax income of you and your spouse.
Multiply this figure by the amount you need to borrow. Divide by 1,000.
02
06
Divide by three. This figure is the monthly payment you can afford to make on your home.
Add to this your estimated monthly heating costs and monthly property taxes.
03
07
Take the total price of the home and subtract the amount of money you expect to make as a down payment. This is the money you will have to borrow.
04
Refer to the chart above. Look down the left column and locate the interest rate you expect to pay. Line this up with the amortization period of your choice. (Most first-time buyers take the 25-year amortization.)
If this figure is equal to or less than one-third of your gross monthly income (calculated in Step 2), you’ll qualify for a mortgage on your dream home. This is a rough estimate. If you have several other large loans already, you may qualify for less. Also, banks and trust companies vary in their policies. The best way to know what you can afford is to go to the lending institution of your choice and get pre-qualified.
Volume15 Issue02 HomeGuide •
21
homebuyers’help
MORTGAGE INTEREST RATES VARIABLE
6 month
1 year
2 years
3 years
4 years
5 years
ATB Financial
2.350
4.000
2.940
2.790
2.790
2.840
2.940
Bank of Montreal (BMO)
2.850
4.000
3.140
3.040
3.800
4.390
4.790
Bank of Nova Scotia
2.850
4.550
3.290
3.090
3.390
3.890
4.490
CIBC Mortgages
2.850
4.450
2.890
2.840
3.550
4.140
4.990
Canadian Western Bank
3.050
4.000
3.140
3.040
3.650
4.200
4.990
Canadian Western Trust
3.050
4.000
3.140
3.040
3.650
4.200
4.990
Effort Trust
-
4.450
3.450
3.600
3.700
4.600
4.950
Equitable Bank
-
-
3.140
3.140
3.800
4.540
4.840
First Calgary Financial
-
4.000
2.890
2.890
2.990
3.090
3.190
First National Financial
2.850
3.950
2.990
2.590
2.690
2.790
2.890
FirstOntario Credit Un.
2.850
4.240
2.990
3.040
3.190
2.990
2.990
HSBC Bank Canada
2.950
4.450
3.540
3.040
3.540
4.240
4.940
Home Trust Company
2.500
3.950
2.690
2.690
2.790
2.790
2.840
ICICI Bank Canada
3.050
-
3.150
3.650
3.640
3.690
3.690
Investors Group Trust
2.850
4.200
3.140
3.140
3.750
4.390
4.790
London Life
2.850
4.200
3.140
3.140
3.750
4.390
4.790
Manulife Bank
2.550
4.450
3.000
3.040
2.940
2.990
2.990
Manulife Trust
-
4.450
3.000
3.040
2.940
2.990
2.990
Meridian Credit Union
2.650
4.000
3.090
2.650
3.650
3.290
2.990
National Bank
2.850
4.400
3.140
3.040
3.750
4.390
4.790
Ontario Civil Service CU
3.000
6.000
3.090
3.090
3.070
3.240
3.290
-
4.500
3.150
3.500
3.750
3.850
3.950
President’s Choice Fin’l
2.850
6.190
3.190
2.840
3.490
4.040
4.440
Royal Bank of Canada
2.850
3.140
3.140
3.140
3.800
4.540
4.840
Servus Credit Union
-
4.000
2.990
2.940
3.440
3.940
4.790
Steinbach Credit Union
-
-
2.750
2.850
2.950
3.050
3.100
T-D Mortgage
2.850
3.140
2.990
2.940
3.440
3.940
4.790
Tangerine
3.000
-
3.190
3.240
3.490
3.690
3.790
Windsor Family C.U.
-
4.450
3.140
3.140
3.750
3.950
3.790
Your Neighbourhood C.U.
-
-
2.990
3.000
3.290
3.450
3.340
Peace Hills Trust
PREPARED BY CANNEX ON FEBRUARY 3, 2015. This information is current as of the date and time posted and is subject to change without notice. © Copyright 2014 CANNEX Financial Exchanges Limited. All rights reserved.
22 • HomeGuide | Volume15 Issue02
MORTGAGE TYPES ALL MORTGAGES ARE OF TWO BASIC TYPES: CONVENTIONAL The buyer can borrow up to 80% of the purchase price or the value of the property, whichever is less. The buyer has to pay 20% down. A conventional mortgage cannot exceed 80% of the value of the property. INSURED OR HIGH-RATIO: A buyer can borrow up to 95% of the purchase price or the value of the property, whichever is less. The down payment can be as low as 5%.
MORTGAGE OPTIONS You can choose any of these mortgage options which fit into the two basic mortgage types. Lenders may even customize these options to suit your needs. OPEN MORTGAGE: Allows borrowers to repay all or part of the total amount of their mortgage at any time without penalty. Because of flexibility, this is ideal for borrowers who plan to sell their homes in the near future or who want to switch from a shortterm mortgage at high interest rates to a longer term when mortgage interest rates fall. CLOSED MORTGAGE: Usually has the lowest interest rate available but lacks the flexible features of other mortgage options. This is a good choice for those who want the security of knowing their monthly payment is fixed for a longer term. Prepayment options are available but they are subject to conditions. PORTABLE MORTGAGE: Flexibility if borrowers move. Borrowers can take the mortgage to their new home or can transfer it (usually with the consent of the lender) to the purchaser of their old home. This is an attractive option if the rate on the existing mortgage is lower than current rates.
finances
Think beyond rates when mortgage shopping
T
here’s more to your mortgage than the interest rate. Consider all the options. “Too many Canadians focus solely on the mortgage rate when the real secret to saving money is to consider term, amortization, and payment frequency,” says Erica Nielsen, vicepresident of home equity financing at RBC Royal Bank. Rates have been at record lows for some time, but be mindful that a future rate change may impact your budget and lifestyle. Your comfort level with fluctuating interest rates may help you decide whether to go with a fixed or variable interest rate.
HERE ARE THREE WAYS TO HELP YOU SAVE ON INTEREST RATE COSTS AND BECOME MORTGAGE-FREE FASTER: 1. UP YOUR FREQUENCY: Most people think of a mortgage payment as a monthly
expense. Consider switching it to a bi-weekly accelerated payment schedule. You’ll end up making one extra monthly payment every year. 2. FLEXIBLE PAYMENT OPTIONS: Some mortgages offer a low rate, but contain lots of restrictive fine print. Secure a mortgage that offers both a great rate and flexibility, with features such as double-up payments, deferral options, and prepayment privileges. 3. TALK TO A MORTGAGE PROFESSIONAL: Everyone’s mortgage needs are unique. A mortgage specialist can provide expert advice and help you with customized payment strategies, rate inquiries, moving your mortgage, or setting up the appropriate amortization period and term to help you achieve your personal financial goals. More information is available at rbcroyalbank.com/mortgages. NC
Don Lothian
LANDAN REAL ESTATE
Need more great listings to SELL! lothiandon@gmail.com www.calgaryrealestate.org
4 BEDROOMS UP
MCKENZIE LAKE
Super family home in even better family Lake Community! Four spacious bedrooms up and 5th down with 2 piece ensuite. Well Maintained and beautifully presented. Upgraded bathrooms up. Quality wood laminate and tile floors. Central air, super private back yard. Jetted tub in spacious master ensuite bathroom. Spacious raised oak kitchen. Flexible dog run. Storage shed. Builtins around wood burning fireplace with gas light. RV parking.
102, 279 Midpark Way SE Calgary AB, T2X 1M2
SOLD SOLD $699,000 347 MT. DOUGLAS GREEN SE
$879,000 416 MCKENZIE LAKE BAY SE
For more information on current listings - or to chat directly anytime, please call Don at 403.256.3888 or 403.540.1813
BASED ON CALGARY MARKET SHARE
Volume15 Issue02 HomeGuide •
23
zone
COMMUNITIES & MLS NUMBERS
DEERFOOT TR STONEY TR
Monterey Park
16 AV Abbeydale
Applewood
PRO LINK MORTGAGE
Need a mortgage? Call (403) 863-1293 Today! 5015 Centre Street NW, Calgary AB, T2K 0S9 E: loriames@gmail.com My experience and service will work for you.
24 • HomeGuide | Volume15 Issue02
Abbeydale....................................664 Albert Park...................................730 Applewood ..................................768 Calgary International Airport ....624 Castleridge ..................................676 Castleridge Estates .....................678 Coral Springs ..............................688 Deerfoot/Skyline Ind Park ..........615 Dover ...........................................738 Dover Glen ..................................736 Eastfield .......................................748 Erin Woods ..................................740 Falconridge ..................................680 Fonda ...........................................726 Forest Heights .............................762 Forest Lawn.................................764 Franklin/Meridian Ind Park........630 Horizon Industrial Park ..............640 Jacksonport..................................690 Marlborough ...............................660 Marlborough Park .......................662 Martindale ...................................682
Mayland Heights ........................600 Mayland Heights East ................604 McCall/Airways Ind Park ...........610 Monterey Park .............................670 Penbrooke....................................766 Pineridge .....................................668 Radisson Heights ........................728 Red Carpet/Mountview Mhp.....770 Rundle .........................................666 Saddle Ridge ...............................645 Southview....................................732 Saddle Ridge Ind ........................625 Stoney Industrial/Westwinds .....625 Skyview Ranch ...........................692 Stone Gate Landing ...................691 Sunridge Industrial Park ............635 Taradale .......................................684 Temple .........................................674 Valleyfield ....................................744 Vista Heights ...............................605 West Dover ..................................734 Whitehorn ...................................672
First home... to dream home
403.663.9878
CalgaryDreamHomes.com $2,297,000
31074 MORGANS VIEW, SPRINGBANK NEW PRICE: Morgans Rise Walkout bungalow with 4,874 TTL sq.ft. In THE premier sub division with 2 acres & unobstructed panoramic Montain Views. Open plan & built by McKinley Masters. Easy access to Downtown / Montains & all amenities.
$1,675,000
282088 160 AVE WEST, PRIDDIS
31048 COYOTE VALLEY ROAD, BEARSPAW
4.38 acres with southwest exposure & mountain views. Over 4900 sq ft finished living space, European design with FIVE bedrooms, Newer kitchen, space for 4 vehicles covered, Quonset & RV parking. Full Reno
243005 MORGANS ROAD, SPRINGBANK
Contemporary open plan. Walkout bungalow with over 2,900 sq.ft & two bedrooms on main floor. Three bedrooms on lower level plus media room, gym, & wet bar. Situated from park land, 25 mins to Downtown C3646694
$599,000
CL
$1,997,000
EX
$1,297,000
US
IV
E
Substantial Walk-Out Bungalow w/just under 7000 sqft TTL. 8.67 acres, Mountain Views. Sub/div potential. Gated, RV parking, 2200 sq.ft. stables/workshop. Triple garage + 2 car det. Outdoor pool. C3640164
11 CRANLEIGH GREEN SE
Excecutive home with over 3200 sq ft of developed living space. Great investment property leased until August 2015. Quiet location on no through road with Bow River pathways minutes away.
Full listing details on
CalgaryDreamHomes.com RE/MAX House of Real Estate. #20, 2439-54 Ave SW Calgary, Alberta T3E IM4
REAL ESTATE TEAM
david@houseandcastle.com www.houseandcastle.com
Parkdale $999,000 Located in the wonderful community of Parkdale!! You will love the river view from the bonus room and master bedroom steps from the river walk way paths and yet no flood here. This 3 storey fully developed home comes with all the bells and whistles. The main floor has hardwood flooring. The kitchen has a large island, custom built cupboards with quartz countertops and a gas stove. The living room has a gas fire place with a mantle. Plenty of windows for natural lighting. There is also a dining room and a breakfast nook. The 2nd floor has 2 bedrooms, a bonus room complete with a wet bar and a main bath as well as the laundry room. The upper floor is where you will find the large master bedroom, with a retreat area, walk-in closet and a 6 piece ensuite featuring his n hers sinks, a wonderful steam shower, and a wonderful heart shaped jetted tub. The basement is fully developed with a rec-room with another wet bar, a 4th bedroom and a 4 pc bathroom. The garage is a double detached.
Capital Hill $999,000
Highland Park $785,000
Almost 5000 Sq ft of living space, featuring 1000 SQ Ft living room & dining room area. Main floor master bedroom suite, 3 bedroom up, 5th bedroom. 1000 sq ft rec room, set up for separate entry for potential suite. triple detached garage, quite location. Text Code 10163 to 333-44
Brand new 1950 sq ft, fully finished, lots of upgrades, give us your wish list, June possession.
David Crick 403.230.2121
david@houseandcastle.com www.houseandcastle.com
Lyalta Acreage $639,000
Tuxedo $725,000 This is a rare single family new infill that features two master bedrooms up and a 3rd bed room down you will love the open floor plan and the large recroom down featuring a home theatre application as well as a fabulous bar. The finishings are amazing for this price range and comes fully landscaped and fenced as well a appliance pakace and a blind package are included. Walking distance to down town and close to transit make the location of this home extra ordinary.
1500 sq ft. fully finished bi-level with walkout, 6 bedrooms, 3 full baths n brand new condition. Triple detached garage, on 3 acres, 4 gallon well.
Coventry $509,000
Montgomery $425,000
1600 sq ft walk out fully finished, backing onto green space, close to schools and shopping. Absolutely mint condition.
Cute little bungalow on walk out lot, suitable for a pair of 1900 sqft infill’s. Possession 15 days negotiable.
Eau Claire $375,000
Lomond $75,000
Abbeydale $69,900
You will love the convience of being steps from the Bow in Eau Claire and close to all the downtown activities. This 1004 Sq Ft. 2 bed and 2 bath condo is a bargain for anyone wanting the in city lifestyle or location. Comes with one indoor parking stall and the overall condition? Fabulous!!!
Thats right, only 75000 for this 900 sq ft home just a half hour east of Vulcan. If you like fishing, there a 3 great fishing locations with in minutes of this location. Comes with a 75x120 foot lot and a single garage. This the perfect get away for a cottage or cash in your city home and get an inexpensive retirement home. There is a K to grade 12 school close by and all the businesses to provide you daily requirements
This mobile home is located in a very nice very clean trailer park. It has an open oor plan and price includes appliances. Located on a cul-de-sac with a green-space and a pathway that leads to the club house. The clubhouse has a social room, games room and a hot-tub. Lot rental $570.
Len T. Wong Broker
Laura o’ConneLL Associate/Partner
Downtown
walk to work!
$189,900
570 sq ft, 1 bdrm, 1 bath condo located on the top floor of brick building in the heart of Chinatown. Secure building, insuite laundry. Laminate flring throughout, large bdrm with big wardrobe closet. Bright, open plan with lots of natural light. Close to Eau Claire, river pathway and walk to work downtown. MLS#C3644818
Valley riDge
temple
Backs onto walking path!
$209,000
2 storey townhome backing onto walking path, near parks & playground. Well maintained complex. Newer roof. Beautiful laminate flring, carpet & tile. Good sized kitchen with newer backsplash. Large eating area open to living rm. 3 good sized bedrooms & 4pc bath. Basement is partially finished. MLS#C3639364
top floor unit!
$434,900
sanDstone
country hills Village
on the lake!
$314,900 $259,900
Welcome to Country Village Bay situated on the lake close to Cardel Place, Sobeys, Library, Bus stops & Shopping Centre. This 2 bdrm, 2 bath, 3rd flr condo has 846 sq.ft. An open & bright plan offers a spacious living rm that offers patio drs onto deck, kitchen with black appliances & dining area. Master bdrm has a 3pc ensuite with stainless steel sink. Very good sized 2nd bdrm & another 3pc bath. Insuite Laundry rm & storage. 1 underground titled parking & lots of visitor parking in front of building. Easily accessible to Stoney Trail and Deerfoot Trail. MLS#C3643662
well maintaineD!
$443,900
Fantastic lot in Elbow Valley West. Close to all amenities and surrounded by nature. 10 minutes west of Calgary. Close to golf courses and shopping. Minutes to Bragg Creek! MLS#C3615055 conDo in mission!
$459,900
$319,900
Views!
$424,900
walkout Basement!
$535,000
enD unit with Views!
$419,900
Great 2 storey walkout home with double attached garage. 3 bdrms & 3 baths. Open plan with extensive upgrades. Gourmet kitchen with granite countertops, s/s appliances, gas cook top, walkthrough pantry, large centre island with breakfast eating bar opened to large eating area. Great rm features gas fireplace fireplace & beautiful coffered ceilings. Patio dr opens to good sized balcony. Large master bdrm with 5pc ensuite, separate shower, jetted tub, & granite counter tops. 2 other good sized bdrms with walk-in closets to share 4pc bath. Large bonus rm & upper flrflr laundry finishes finishes this level. Walkout basement is partially finished finished up until the framing stage. Great family home with a large yard. Walking paths and shopping nearby. MLS#C3646646
sunset riDge
patterson
Extremely well maintained 2 storey end unit townhouse with city views and single attached garage. Sides onto green belt with pathways. 2 bdrms, 2 baths and loft area. Hardwood and ceramic tile flring throughout main flr. Large living rm with gas fireplace open to dining area. Sunny, white kitchen with centre island, granite countertops and s/s appliances open to breakfast nook. Main flr laundry rm. 2pc powder rm. Upstairs has loft area, ideal for den. Large master bdrm and 2nd bdrm. 4pc bath with soaker tub and separate shower. Extra long single attached garage. Quiet location. Close to all amenities. Ideal for the first time buyer. MLS#C3647927
2 droom, 2 Bath 1200 Sq. ft Condo in Mission. Located in an 18+ Secure, Concrete building on the 5th Flr in quiet part of the building. Open style kitchen with s/s appliances, open dining rm area & living rm with patio drs to balcony. Master bdrm with another balcony, walk thru closet with 3pc bath. 2nd generous sized bdrm & a main 3pc bath. Full size laundry rm with side by side washer W& dryer. Air Conditioned. 1 Underground heated parking stall. The building has been recently updated with new windows, heating, ventilation, mechanical & electrical equipment. Close to River pathways, 4th Street Restaurants & shops, 17th Avenue & C-train station.MLS#C3645430
sage hill
coach hill
Extensively upgraded, a/c 2 bdrm 2 bath 18+ apartment condo in showhome condition. South facing unit with city &mountain views located on the 9th flr in Odyssey Towers. Very bright and open plan with full length windows in the great & dining rm. Renoed gourmet kitchen with s/s appliances open to large dining area & huge great rm. Double French drs leading out from dining area to a large covered balcony with views. Main flr laundry area & 4pc main bath. Large master bdrm with walk in closet & renoed 3pc bath. 2nd good sized bdrm. Storage rm. 2 parking stalls. 1 in parkade & 1 outside RV parking spot. Guest suite available for friends or family. Well maintained complex. Close to amenities, mountains & minutes to downtown. Only highrise of this size in Westhil s. Pride of ownership shown throughout. Ideal for empty nester or professional. Exceptional value. MLS#C3650110
Great 4 Bedroom Double Attached Home in Sandstone. This Four Level Split home has been well maintained and offers a great floor floor plan and large backyard. Hardwood floors floors in the living room and dining room with vaulted ceiling. Large kitchen with plenty of counter space and room for an island if you want. Nook overlooking the family room. Great sized Family room has a brick wood burn firepl fireplace. Sliding doors off the family room opens out to a large balcony and beautiful treed yard. Office Office with built-ins can be used as a bedroom since there is a closet. 2pc powder room fini finishes this level off. Top floor floor has two good sized bedrooms that share a 4pc bath with Skylight. Large master bedroom with a 4pc ensuite. Basement is partial y fini finished and room to add a rec room if you please. Double attached garage is fini finished. Great family home or rental! Close to schools and shopping. MLS#C3650790
mission
elBow Valley west
BuilD your Dream home!
Welcome to Valley Ridge Estates, top floor floor unit with over 1041 sq ft located next to the Valley Ridge Golf course. Open concept with 9 ft ceilings, great kitchen layout with lots of cabinets and Quartz countertops, large kitchen island with stainless steel appliances. In Suite laundry with storage. Spacious master bedroom with 3 piece Ensuite with stand up shower and closet. 2nd large bedroom. Titled underground parking and titled storage on the same level. Covered balcony with BBQ gas line. MLS#C3649902
BranD new lanDmark home!
$549,900
Brand new Willowdale 2 Landmark home with over 2100 sq ft and walkout bsmt. Front oversized double garage with extra wide driveway. Triple pane windows, high efficiency efficiency furnace &tankless hot water. Upgraded maple kitchen with soft close hinges, granite countertops & large island open to great rm with gas fireplace. fireplace. Walk thru pantry. Hardwood flrs flrs throughout main flr. flr. 2pc powder rm. Upstairs boasts a large bonus rm. Master bdrm with 5pc ensuite with soaker tub, separate shower & walk in closet. 2 additional bdrms & 4pc main bath. 2nd flrflr laundry rm. Undeveloped walkout bsmt provides lots of natural light awaiting your development. New Home Warranty and Builder`s warranty.. MLS#C3651934
DISCOVER THE ADVANTAGE
en
n m et.
th
iDeal for inVestor or DeVeloper!
$554,900
as nd 2pc oVerlooking golf course!
$559,900
Views of city skyline!
$599,900
Executive 2 bdrm plus den apartment condo overlooking Shaganappi Golf Course in showhome condition. Very bright & open plan. Gourmet kitchen with breakfast eating bar & s/s appliances open to large dining area & huge great rm with gas fireplace. Double French drs leading out to covered deck with Golf Course & city views. Main flr den and separate laundry rm. 3pc bath. Large master bdrm with 5pc spa like ensuite with large walk in closet. French dr leading out from master bdrm to another deck with view. 2nd bdrm was converted into a TV rm and easily converted back. 1 underground, titled, heated parking stall and storage locker. Quiet building. Walking distance to LRT, shopping, schools and amenities. Minutes to downtown. Pride of ownership shown throughout. Ideal for professional couple or empty nester. Exceptional value! MLS#C3651739
walkout Basement!
$574,900
Brand new Willowdale 2 Landmark home with over 2100 sq ft and walkout basement. Front oversized double garage with extra wide driveway. Triple pane windows, high efficiency furnace and tankless hot water. Upgraded maple kitchen with soft close hinges, granite countertops and large island open to great rm with gas fireplace. Walk thru pantry. Hardwood flrs throughout main flr. 2pc powder rm. Upstairs boasts a large bonus rm. Master bdrm with 5pc ensuite with soaker tub, separate shower and walk in closet. 2 additional bdrms and 4pc main bath. 2nd flr laundry rm. Undeveloped walkout basement provides lots of natural light awaiting your development. New Home Warranty and Builder`s warranty. MLS#C3651940
solar powereD!
$599,900
siDes onto park!
$599,800
Beautiful 2 storey with bonus rm and developed bsmt in showhome condition. Sides onto a park. Steps from the Waldorf School. 3 bdms, 3 baths and bonus rm. Newer hardwood flrs thru out main flr. Bright, sunny kitchen with breakfast eating bar and upgraded appliances open to large dining area and great rm with gas fireplace. Patio drs leading out to a huge deck overlooking the park. 2pc powder rm and main flr laundry rm. Gorgeous staircase leading upstairs to a large bonus rm with vaulted ceilings and lots of windows. Large master bdrm with walk up 4pc ensuite with jetted tub, separate shower and large separate walk in closet. 2 other good sized bdrms with 4pc bath. Developed bsmt with family rm, 4th bdrm or office, roughed in 4pc bath and 2 storage rms. Newer hot water tank. Landscaped yard with underground sprinklers. Walking distance to schools, amenities and transportation. Easy access to downtown. Excellent family home. Exceptional value!. MLS#C3651195
Landmark Homes Solar Powered Axis 3! 80% to 90% more energy efficient than an average new Alberta home. This home generates enough energy to meet the homes annual electricity needs. It loses less heat with triple pane windows. It has better indoor air quality, the heat recovery ventilator reduces allergens while saving energy by transferring heat from outgoing air to fresh incoming air. This home also uses less water. Water consumption is lowered with Kohler low flow faucets and shower heads and high efficiency toilets. This 2 storey has 3 bdrms, 3 baths & bonus rm. Bright & open plan. Beautiful kitchen with centre island open to eating area & great rm with gas fireplace. Spacious bonus rm. Main flr laundry room. Large master bdrm with 4pc ensuite and walk in closet. 2 other good sized bdrms & 4pc bath. 2yr builders warranty and 10yr New Home Warranty. Close to all amenities and easy access. Great family home! MLS#C3648995
sunset riDge
BranD new lanDmark fairfaX 3!
$599,900
cougar riDge
s. s,
Executive 2 bdrm, 2 bath condo in Tower II at Waterfront. Gourmet kitchen with large island, quartz countertops & premium appliances concealed behind custom millwork. Floor to ceiling windows throughout. Large balcony with gasline for BBQ. Large master bedroom has 4pc ensuite with large soaker tub and separate shower. His & hers closets. 2nd bdrm is ideal for den. Insuite laundry. Underground parking stall &storage locker. Fully equipped fitness centre, yoga studio, indoor whirlpool & steam rooms, private movie theater & executive concierge. MLS#C3645160
cranston
sunset riDge
m u ull
h.
Well maintained bungalow with single detached garage. 50 ft. lot on a quiet street with south facing bkyd. 3 bdrm, 2 baths. Large living rm & main flr dining rm with built ins. Upgraded oak kitchen with granite countertops & new appliances open to eating area and huge sun rm. Fully finished bsmt with large windows. Newer furnace & roof shingles. Close to amenities & minutes to downtown. MLS#C3647851
highlanD park
g
cal
Downtown
highlanD park
Brand new Fairfax 3 Landmark home with over 2300 sq ft and walkout basement. Front oversized double garage with extra wide driveway. Triple pane windows, high efficiency furnace and tankless hot water. Upgraded maple kitchen with soft close hinges, granite countertops and large island open to great room with gas fireplace. Walk thru pantry. Hardwood flrs throughout main flr. 2pc powder rm. Upstairs boasts a large bonus rm. Master bdrm with 5pc ensuite with soaker tub, separate shower and walk in closet. 2 additional bdrms and 4pc main bath. 2nd flr laundry rm. Undeveloped walkout basement provides lots of natural light awaiting your development. New Home Warranty and Builder`s warranty. MLS#C3651865
cranston
solar powereD!
$649,900
Landmark Homes Solar Powered Wil owdale. 80% to 90% more energy efficient than an average new Alberta home. This home generates enough energy to meet the homes annual electricity needs. It loses less heat with triple pane windows. It has better indoor air quality, the heat recovery ventilator reduces allergens while saving energy by transferring heat from outgoing air to fresh incoming air. This home also uses less water. Water consumption is lowered with Kohler low flow faucets and shower heads and high efficiency toilets. This 2 storey has 4 bedrooms, 3 baths and bonus rm. Bright and open plan. Beautiful kitchen with centre island open to eating area and great rm with gas fireplace. Spacious bonus rm. Large master bdrm with 4pc ensuite and walk in closet. 2 other good sized bdrms and 4pc bath. Second flr laundry rm. 2yr builders warranty and 10yr New Home Warranty. Close to all amenities and easy access. Great family home! MLS#C3649005
out e
o
ew
Let Len and Laura and their team put their extensive experience with the Calgary real estate market to work for you.
featureproperty
Luxurious, custom-built home in prestigious
Mount Royal B Y H E AT H E R R YA N
R
arely does such a unique property come to market. Nestled in the heart of Mount Royal and minutes to downtown, this beautifully crafted, De Jong-designed home offers the discerning buyer all the luxury one would expect from a newer estate home in this prestigious community.
“This custom-built home is on an estate-sized lot that is 175-ft. deep and presents an old-charm exterior of brick and sandstone that suits the neighbourhood, but has all the conveniences of a modern build,” says luxury home realtor Ray Riley of Royal LePage Foothills. “This property features exceptional high-quality finishings and detailing, including 10-ft. ceilings, custom millwork, French doors and walnut hardwood floors throughout the main level.” Offering more than 5,000 sq. ft. of elegant living space, this two-storey residence has four bedrooms, each with its own full four-piece ensuite, main-level powder room, a fully developed lower level, and an oversized three-car garage with in-slab heating including the driveway.
From the impressive entry, visitors are drawn into a stunning, 25-ft. high foyer on the main level. This leads into a spectacular chef ’s kitchen with an expansive granitetopped island, huge walk-in pantry, granite countertops, tall cabinets and high-end stainless steel appliances including a Wolf French Top range and Subzero fridge. The sun-filled gourmet kitchen is open to a spacious dining area and Great Room with wood-burning fireplace that is ideal for entertaining and relaxation.
“This custom-built home is on an estatesized lot that is 175-ft. deep and presents an old-charm exterior of brick and sandstone that suits the neighbourhood, but has all the conveniences of a modern build” From the Great Room, double French doors open to a large, brick patio walkout and entertaining area which leads to one of the most sought-after features of this exquisite home – a rare and private, south-facing inner-city sanctuary complete with mature trees and a beautiful perennial garden in the English Country style. Off the Great Room, the large, formal dining room is highlighted by a barrelvaulted, coffered ceiling, while the living room is warmed by a fireplace topped by a beautifully carved wood mantel to the ceiling. Through sliding French doors, the living room extends into a large, light-filled den and French doors off this space lead out onto an inviting front balcony. The main-level foyer leads to a wide staircase with carpet inset into the walnut hardwood stairs and features a decorative vaulted, coffered ceiling and curved balcony above for a grand look. Upstairs, the master bedroom has an eye-catching vaulted ceiling and luxurious ensuite with a steam shower, air jetted soaker tub in single slab granite deck, two-way fireplace, dual sinks in a long vanity, and a tremendous walk-in closet with custom built-ins and a walk-through to the second-floor laundry room.
Three additional generously sized bedrooms all have walk-in closets and large ensuites. One bedroom also has access to a finished attic that runs the full length of home and can be utilized as additional living/storage space. The lower level features a mudroom off the garage with a storage closet. There is also a wet bar outside double doors that open to a fabulous wine cellar, another four-piece bathroom and a large room that can be used as a fifth bedroom or a media room, as it’s wired for sound. Outside, the private backyard features the beautiful garden, brick retaining walls, wrought iron rails, and lower and upper patios. For more information or your private viewing on this luxury home, at 1405 Premier Way S.W., please contact Ray Riley, Royal LePage Foothills, at 403.270.7601, or email rayriley@shaw.ca. You can also visit his website at rayriley.com. Volume15 Issue02 | HomeGuide •
31
marketanalysis
Calgary’s real estate market cools off in January B Y H E AT H E R R YA N
C
algary’s real estate market went from a red hot record-setting pace in 2014 to a cool start to 2015 as consumer confidence dropped alongside slumping low oil prices in January. Recent figures released by the Calgary Real Estate Board (CREB) show total combined sales in the city of Calgary were 880 in January, a 38.9-percent drop from the 1,439 recorded in January 2014 and down 18.7 per cent from December’s 1,083 sales. Sales in all single-family and condo markets in the city of Calgary fell off the pace in year-over-year comparisons in January. Single-family sales in January were 535, down 37.6 per cent from the 857 tallied in January 2014, and a 24.4-per-cent decrease from December’s 708 detached sales. Condo townhouse sales reached 190 in January, a 40.4-per-cent decline from 319 in January 2014, but up 17.4 per cent from December’s 157 – the only sector to show a month-to-month gain. Condo apartment sales saw the largest decline in both year-to-year and month-to-month comparisons in January. Total sales were at 155, down 41.1 per cent from 263 sales tallied in January 2014, and a 28.9-per-cent drop from December’s 218 sales. “We usually see a drop in activity in January and if you ask realtors, they may say this felt like a typical January,” says CREB president Corinne Lyall. “I would say any change in the market was affected by a drop in consumer confidence due to the falling oil prices. And what happened in January doesn’t necessarily set the tone for the whole year.” Lyall says two variables that influence the market are employment and interest rates. “Employment is volatile as there have been some layoffs, but the Bank of Canada recently lowered interest rates, making it more attractive to people like first-time buyers to jump
into the market. So, it’s too soon to make any predictions on how the market will be impacted.” While sales fell, the number of new listings added in January soared in all sectors. The number of new detached listings added in January were 1,843, a 31.7-percent jump from the 1,399 listings recorded in January 2014, and more than double December’s 888. The number of new attached listings added in January reached 700, a 38.1-percent hike from the 507 in January 2014 and up significantly from December’s 190, while the number of new apartment listings were 745, up substantially from January 2014’s 490 and December’s 301. “In reality, the number of new listings added is not a huge amount for our market,” Lyall says, noting that even with the increase, overall inventory is still low. “The listings went up, but there are still people out there looking, only now they have a little more choice than before.” The lower sales and higher listings also had little impact on prices. The detached benchmark price in January was $518,600, an eight-per-cent increase over January 2014’s $480,300 price, and up slightly from December’s $510,900. Attached homes’ benchmark price in January was $356,000, a 7.5-per-cent hike over $331,100 in January 2014, and up from December’s $337,300. Meanwhile, the apartment benchmark price in January was $298,700, up 6.4-per-cent from January 2014’s $280,800 although a slight drop from December’s $300,300. “Prices have really stayed fairly stable, and there is such a lack of product under $500,000 that there is still demand in that price range, so we probably won’t see prices drop much in that range,” Lyall says. “However, if the downward trend continues for a couple of months, I imagine we’ll see more of an impact.”
Woodbine $499,000 • Quality 3 Bedroom, 2 Bath Bungalow On A Quiet Crescent, A Short Walk From Fish Creek Park. • Excellent Floor Plan With A Roomy Entry, Private Den, Family Room Adjacent To The Kitchen & A Bedroom Wing. • Some Of The Many Upgrades Include: Hardwood Flooring, Granite Counters, Complete Lighting Package, Fence & Cedar Deck!
McKenzie laKe
boWen island • 2 Stunning Waterfront Lots Available, Never Before Offered For Sale! • 8.9 Acres With 620 Feet Of Waterfront Offered At $1,500,000. • 8 Acres With 400 Feet Of Waterfront Offered At $1,600,000. • Spectacular Summer Sunsets & Easy Access To The Waterfront.
Gary Williams M at t
SolD Call NoW For a Free eValUatIoN oF yoUr CalGary ProPerty
SolD
403
259.4141
Remax Properties Independently Owned & Operated
SolD
• Sought After 3 Bedroom 1,392 Sq Ft 2 Storey Home Featuring A Bright Open & Spacious Layout. • Excellent Location Only One House Away From The Mt Apex Green Park & Playground. • Don’t Miss The Lovely Curb Appeal & Sunny West Backyard With Deck, Play Set & Storage Shed!
loWer Mount royal
richMond hill
• This 800 Sq Ft Condo Is One Of The Biggest 1 Bedroom Units In The Building! • Featuring Maple Hardwood Floors & Kitchen Cabinetry, Granite Counters & Stainless Steel Appliances! • Designed For Entertaining & Efficient Living, This Condo Has a Wonderful Layout, Soaring Ceilings, Gas Fireplace & Patio With Direct Access To The Unit!
• Located On A Quiet Cul-De-Sac In Coveted Richmond Hill, This 1 Bedroom + Den Walk Out Bungalow Villa Boasts 2,424 Sq Ft Of Developed Living Space. • Upon Entry You Will Notice Soaring Vaulted Ceilings & The Efficient Layout! A Fantastic Galley Style Kitchen With A Spacious Breakfast Nook. • Don’t Miss The Main Floor Laundry, Air Conditioning, Double Attached/Heated Garage & Spacious Back Deck.
SolD
elboya
elboW ParK
• Location, Location, Location! Rare Opportunity To Build On The North Side Of 49 Avenue In Sought After Elboya! • The Immaculate Move In Condition Bungalow Would Be Easy To Rent Or Live In While You Plan Your Dream Home. • Hardwood Under Carpet, Newer Shingles, Soffits, Fascia & Eaves & An Oversized Double Garage On A Beautifully Landscaped Lot.
• Like Living In The Country! 125’ x 125’ (15,618 Sq Ft) Lot On A Quiet Cul-De-Sac Facing A Beautiful & Park Like Green Space. • Re-Construct This 3,562 Sq Ft Bungalow Or Build A Magnificent Private Residence On This Amazing & Unique Property, Or Perhaps The Best Use Is Developing 1, 2 Or Even 3 High Quality Homes. • A Rare Opportunity For The Sophisticated Buyer!
SolD
CalGaryProPertyForSale.Ca
north GlenMore $629,500 • Completely Renovated 3 + 1 Bedroom Bungalow With 1,775 Sq. Ft. Of Developed Living Space In Sought After North Glenmore. • Fully Finished Basement With Bedroom, Bath & Family Room. • Sunny & South Facing Backyard With Spacious Covered Deck & Oversized & Heated Double Detached Garage. • Updated Mechanical, Including Furnace (2008), Humidifier (2012) & Hot Water Tank (2014).
Rahim (R.D.) Dhanji (403) 837-8789
rd@remax.net w ww . R a h i m D h a n j i . c om
Skyview Ranch $589,900
“Exceptional Service,Outstanding Results” Panorama Hills $529,900
Victoria Park $469,900
Victoria Park $339,900
• Immaculate Unit situated on the 19th floor facing west, giving you breath taking panoramic views of downtown & the mountains • Brand new corner unit with 2 bedrooms (master with an ensuite & walk-in closet), 2 full bathrooms, & a titled underground parking stall • Upgraded kitchen comes with stainless steel appliances (all included) & quartz countertops • Insuite washer & dryer (included) • Luxuries include: 9 foot ceilings, air conditioning, adult living (18+ building), storage locker, fitness centre, & much more
• Gorgeous condo at a fantastic price situated on the 22nd floor • 721 square foot unit offers 1 bedroom, 1 bathroom, & a titled underground parking stall • The stylish kitchen comes with sleek black appliances (water & ice fridge, over the range microwave & hoodfan combo, & a dishwasher all included), chocolate cabinets & a breakfast bar • Insuite washer & dryer (included) • Luxuries include: 10 foot ceilings, roll down shades, air conditioning, adult living (18+ building), storage locker, fitness centre, games room, & more
Sold • Immaculate Home offering a total of 3,481 Square feet of living space (2,449 on top 2 floors & 1032 in the basement) • 4 bedrooms upstairs PLUS a bonus room • Gorgeous kitchen with granite countertops, tall cabinets, upgraded stainless appliances with gas stove, water & ice fridge, built-in wall oven & microwave, free standing hoodfan, butler’s pantry, huge walk-in pantry & a granite sink • Luxuries include: 9 foot ceilings, hardwood & tile floors, infinity fireplace with remote control, upstairs laundry, granite in all bathrooms upstairs, insulated & drywalled garage & much more • Basement has a SIDE DOOR and is fully finished with a built-in wall bar
• Beautiful home being offered for sale by the original owners for the first time • 1,853 square feet, 2 storey home, built in 2007 • 3 bedrooms up with 2 bathrooms and a bonus room. The master bedroom comes with an ensuite (heated floors) & separate walk-in closet • Huge kitchen with stainless appliances (gas stove & water/ice fridge), tons of cupboards & counter space, ceiling height cabinets, & a pantry • Luxuries include: air conditioning, 9 foot ceilings, gas fireplace, built-in speakers, & much more.
Volume15 Issue02 HomeGuide •
33
homebuyers’help
Lower interest rates, oil prices, our dollar, and
Canada’s housing market B Y K A R A K U RY L L OW I C Z
L
ower interest rates, falling oil prices and the Canadian dollar are making headlines nation-wide, but how they impact homebuyers depends on where they are on the map. Regarding rates, Adrienne Warren, senior economist of real estate at Scotiabank says, “A quarter point provides a modest boost to affordability but it’s not a game changer because on average, it will cut monthly mortgage costs by just about $50. Whether you were leaning toward buying or not buying, I don’t think the rate cut will change your mind.” Although most economists and experts expected interest rates would be on the upswing by now, it’s now predicted the Bank of Canada will make yet another cut in March. It appears interest rates will remain low for much of 2015 with favourable longer term and fixed rates that will make home purchases more appealing to Canadians already planning to buy in 2015. Although experts are reluctant to weigh in on the variable versus fixed discussion, it could be a good time to lock in. Warren notes, since rates will likely be higher in 12 to 24 months, now’s the time to focus on topping up principal payments. 34 • HomeGuide | Volume15 Issue02
“Lower interest rates will make the housing market a bit stronger through to 2016, but in a number of markets, the single-family home is still quite unaffordable to the average buyer, so we may see a shift in sales compositions with even more condo purchases,” says Diana Petramala, economist, real estate, TD Bank Group. Because the overall economic environment and employment, both of which are affected by interest rates and oil, are the housing market’s key drivers, regional differences will be more profound across western, central and eastern Canada. In commodity-dependent provinces, particularly Alberta, Saskatchewan and Newfoundland, economic uncertainty is a legitimate concern as temporary and more permanent job loss is already a reality. To date, oil-driven housing markets like Calgary and Edmonton have seen a drastic and immediate shift with existing home sales down 30 to 45 per cent from last year’s peaks. While Petramala isn’t expecting a recession in Alberta, Saskatchewan and Newfoundland, it will feel like a recession with housing prices expected to fall as much as 10 per cent in Calgary, Edmonton and St. John’s in 2015 and into 2016.
We see little pent-up demand for housing in most markets following the strong run over the past decade
As the oil-producing regions battle headwinds, Petramala notes that further east, export- and manufacturing-dependent regions will benefit from the state of the Canadian dollar, a stronger U.S. economy, lower oil prices and lower interest rates. In the non-oil producing regions, unemployment rates will gradually drop through 2015 and into 2016. In Vancouver and Toronto, January sales were above long-term averages with moderate price increases on the horizon, while prices in Quebec City, Ottawa and Montreal will remain flat – although Montreal still has the second highest home price-to-income ratio outside of British Columbia. “We see little pent-up demand for housing in most markets following the strong run over the past decade,” says Petramala. “Last year, mortgage rates fell to what homebuyers thought would be lowest possible level for borrowing costs. This caused a rush to buy, particularly among firsttime homebuyers and average existing home sales jumped well above their long-run averages. Toronto, Vancouver and Montreal still remain relatively expensive and even if mortgage rates head lower, the impact on overall affordability measures will likely be marginal.”
HOME INSPECTION OFFERING: • • • •
Pre Purchase inspections Pre Listing inspections Home Maintenance inspections Thermal Imaging
HOW WE CAN HELP YOU.
• Identify any potential problems • Help you understand how your home works • Provide you with a comprehensive, independent, and objective evaluation
phone 403.690.6023 fax 403.249.4154
email: Info@proeliteinspections.com www.proeliteinspections.com
Volume15 Issue02 HomeGuide •
35
TRANS CANADA HI Crestmont
zone
SARCEE TR
COMMUNITIES & MLS NUMBERS
Upper Scarboro
West End
Erlton Mission
GLENMORE TR
Roxboro Parkhill / Stanley Park
Garrison Green
Altadore/River Park ....................019 Aspen Woods .............................073 Bankview .....................................015 Bayview .......................................129 Bel Aire ........................................110 Braeside .......................................135 Bridlewood ..................................161 Britannia ......................................105 Canyon Meadows .......................125 Canyon Meadows Estates ..........127 Cedarbrae ....................................145 Cfb Currie ....................................020 Chinook Park ..............................117 Christie Park ...............................052 Cliff Bungalow ............................004 Coach Hill ...................................049 Connaught ..................................003 Cougar Ridge ..............................071 Crestmont ...................................081 Discovery Ridge ..........................070 Downtown ..................................001 East Village ..................................006 West End .....................................012 Eagle Ridge .................................119 Eau Claire ....................................002 Elbow Park...................................005 Elboya ..........................................103 Erlton ...........................................101 Evergreen ....................................157 Evergreen Estate .........................151 Garrison Green ...........................024 Garrison Woods ..........................018 Glamorgan ..................................045 Glenbrook ...................................043
PRO LINK MORTGAGE Mortgage SpecialiSt 5015 Centre Street NW, Calgary AB, T2K 0S9 E: loriames@gmail.com
Need a mortgage? Call (403) 863-1293 Today! 36 • HomeGuide | Volume15 Issue02
Glendale ......................................041 Haysboro .....................................121 Kelvin Grove ...............................115 Killarney ......................................027 Kingsland ....................................113 Lakeview .....................................031 Lakeview Village .........................033 Lincoln Park ................................021 Lower Mount Royal ....................010 Mayfair.........................................111 Meadowlark Park ........................109 Millrise .........................................153 Mission ........................................014 Mount Royal................................007 North Glenmore Park .................022 Oakridge......................................143 Oakridge Estates ........................141 Palliser..........................................133 Park Hill/Stanley Park .................104 Patterson ......................................047 Pump Hill ....................................131 Richmond ....................................029 Richmond Hill.............................057 Rideau Park .................................102 Rosscarrock .................................037 Roxboro .......................................100 Rutland Park ................................028 Scarboro ......................................011 Shaganappi .................................025 Shawnee Slopes ..........................151 Shawnessy ...................................155 Signal Hill....................................053 Signature Parke ...........................055 Silverado ......................................165 Somerset......................................159 South Calgary .............................017 Southwood ..................................123 Springbank Hill...........................065 Spruce Cliff..................................023 Strathcona Park ...........................051 Sunalta.........................................009 The Slopes ...................................067 Upper Scarboro ...........................013 Victoria Park ................................008 West Springs ...............................075 Westgate ......................................039 Wildwood . ..................................035 Windsor Park ...............................107 Woodbine ....................................147 Woodlands...................................139
Meadowlark Park
Kingsland
MACLEOD TR
SPRUCE MEADOWS TR
inthenews
Home prices strolling versus bounding B Y WAY N E K A R L
C
algary will be among the leading markets in terms of home price growth this year, according to the latest Royal LePage House Price Survey and Market Survey Forecast. The average price of a home in Canada increased between 4.5 and 6.7 per cent year-over-year. Against the backdrop of a decidedly mixed macroeconomic environment at home and abroad, Royal LePage expects home prices to rise moderately in 2015, forecasting a 2.9-per-cent national increase for the year ahead. In Calgary, the housing market in the fourth quarter of 2014 continued to be among the strongest across the country. Demand was strong for homes across all housing types, and continued to outstrip supply. Average prices for detached bungalows jumped 9.1 per cent year-over-year to $511,889 and standard two-storey homes increased 8.5 per cent to $500,320. Standard condominiums also experienced robust growth, rising 9.1 per cent to $311,644. For 2015, Royal LePage forecasts average home price growth of 2.4 per cent to $472,000, up from $461,000 in 2014. This compares to a 5.4-per-cent increase from $437,036 for 2013. “While some markets have continued to defy gravity, notably the economically robust, supply constrained cities of Vancouver, Calgary and Toronto, by and large, house prices across the country are now strolling versus bounding forward,” Phil Soper, president and chief executive officer of Royal LePage, told New Condo Guide. “We believe this moderating trend will characterize the 2015 market, and that in normal course, even our hottest markets will see eroding affordability ease overheated demand, bringing balance and more rational price increases.” The recent free-fall in the value of oil is impacting the national and provincial economies, he adds, acting as a drag in some regions of the country. “Specifically, the natural slowing of home price appreciation should be accelerated in Alberta, Saskatchewan, and Newfoundland, and delayed in Central Canada.” And what should homeowners and buyers make of statements by Deutsche Bank and the Bank of Canada, that Canada’s house prices are seriously inflated? “Will prices collapse, as a few foreign investment banks have prophesized? That seems highly unlikely in a future characterized by low interest rates and a healthy economy, which is what we see,” says Soper.
JAMES COTE 703-0455 Certified Condominium Specialist 3rd Generation Calgary Realtor
To view these properties go to: www.jamescote.com HOUSE OF REAL ESTATE
SILVER SPRINGS BEAUTIFUL GEM!
$484,900 Beautiful 1 & 1/2 story 4 bedroom gem located on a quiet street in the sought after neighborhood of Silver Springs!! With over 1800+ sq.ft. of living space, this well maintained home shows pride of ownership. You’ll be drawn into the large living room with a majestic brick feature fireplace that rises through 2 floors in the heart of the home. The rest of the main level boasts an open kitchen, separate dining area, a bedroom, reading nook and a 2 pce. bathroom. The upper level has a 4 pce. bathroom and 3 bedrooms. The lower level has a huge family room, a laundry/utility room and a large area that could be finished into a bathroom & 5th bedroom. South facing backyard is fully fenced, landscaped and has a great deck to enjoy. An extended parking pad in front allows for extra parking or camper storage. Note: the fireplace has an electric fireplace inserted but can be easily converted back to wood burning. Home is close to shopping, schools and transportation. This is a “must see”! Book a showing today!!
ROYAL OAK IMMACULATE TOWNHOUSE!!
$329,900 IMMACULATE CONDITION!! Clean and very well maintained, this beautiful 2 bedroom townhouse shows pride of ownership! Inviting floor plan with great flow and a complete use of space. Some of the features of this condo unit are: 2 parking stalls - A large living room with feature corner fireplace - a breakfast nook that fits a large table - a west facing back deck - 2 piece main floor bathroom - low condo fees. The gourmet kitchen is stylishly designed with black appliances and maple cabinets and has lots of counter space. The upper level features 2 big bedrooms that both feel like master suites, each having a walk-in closet. Both bedrooms share an oversized 4 piece en-suite bathroom. Tons of storage and laundry in the basement. This unit has been pet and smoke free. Shopping amenities, restaurants and city transit are all within a short walking distance. Don’t let this one pass you by! Book a showing today!!
SILVERADO CORNER LOT! GREAT VIEWS!
$554,900 CORNER LOT HOME ON A QUIET STREET WITH GREAT VIEWS!! This beautiful 2 storey, 3 bedroom home has upgraded finishing and over 2020 sq.ft. of living space. Hardwood floors throughout the main level, this open concept floor plan has great flow and a complete use of space. Stunning Kitchen with granite tops, all LG stainless steel appliances, darkwood cabinets, island w/eating bar, modern tile backsplash and a walk-thru pantry. A dining room, 2 pce. bathroom, laundry/mud room, double attached garage and a west exposure backyard that faces Spruce Meadows completes the main level. The upper level boasts 3 bedrooms, a 4 pce. bathroom and a spacious bonus room that leads to a huge dura-deck balcony with an amazing view! The master bedroom has more great country views, a walk-in closet and a 5 pce. ensuite with corner soaker tub, separate shower and his & her sinks. The home also comes with an extended New Home Warranty that expires August 30, 2021! This home will impress! Book a viewing today!!
THE CANALS - AIRDRIE FAMILY HOME & MORTGAGE HELPER
$575,000 BEAUTIFUL FAMILY HOME AND MORTGAGE HELPER! This 4 bedroom + Den home has over 2800 sq.ft. of living space and is located in the sought after neighborhood of the Canals. Features of this home include: Large Living Room with corner fireplace - a formal Dining Room - open concept stairs to Upper Level - finished room in basement that could be used as an office - 2 hot water tanks - RV Parking Pad next to garage. The stunning Kitchen comes with granite countertops, stainless steel appliances, eating bar and a corner pantry. The large Master Bedroom is bright with lots of windows and comes with a walk-in closet and a 5 piece ensuite with his & her sinks, separate shower and a jaccuzi soaker tub. The detached Triple Garage has a legal 1 Bedroom “mother-in-law” suite above it. The legal suite is currently occupied and tenants would prefer to stay. Current rent is $950 per month and includes water. Help your mortgage with built-in tenants! Come have a look at this beautiful home today!
fundamentallyspeaking
The art of predicting home prices B Y WAY N E K A R L
W
hen Bank of Canada Governor Stephen Poloz warned in December that Canadian house prices could be overvalued by as much as 30 per cent, he raised more than a few eyebrows. Mortgage expert Calum Ross was among those who cocked their heads, saying the Bank was no more qualified to comment on the specifics of housing markets “than the Canadian Real Estate Association is qualified to comment on monetary policy.” Even Canada Mortgage and Housing Corp. chief economist Bob Dugan, a few weeks earlier, said the federal housing agency didn’t see overheating as a problem in any of the markets across Canada. Now you can count Phil Soper, president and CEO of major Canadian realty firm Royal LePage, among those who has a different view. “Forecasting home prices is a coarse process; some might even refer to it as more art than science,” Soper told New Condo Guide. House prices are determined when individuals agree on the value of a property. “Macro factors such as consumer confidence and employment levels move the tide, but supply and demand at a very local level is what determines the price a property trades at,” Soper says. Note the word “local.” We’ll come back to that. Canadian home prices have appreciated at about five per cent per year in recent decades. Today, with inflation so low, we should be experiencing appreciation levels below that level. Soper points out that Royal LePage’s quarterly House Price Survey (HPS) has tracked and reported on home values across Canada for 40 years. It feeds important economic models, such as the Royal Bank’s Affordability Index and the Bank of Canada’s housing reports. In the third quarter of 2014, the HPS showed the average national selling price of detached two-storey homes appreciated 5.5 per cent. “This is greater than the underlying expansion of Canadian wages and salaries, and somewhat above the real appreciation we have experienced over the years (that five per cent number, adjusted for inflation). However, as a standalone data point, it is hardly reason to declare an emergency. And a 30-per-cent decline in home prices (a la Poloz) would be tantamount to a national economic crisis.” So, what should we make of the BoC’s recent statement? “First, there is a significant difference between a ‘valuation’ and the price a home will actually sell for. The HPS shows that a standard two-storey home in Vancouver’s west end will sell for approximately nine times that of a similar home on the opposite coast in Moncton. Teachers and engineers do not earn 38 • HomeGuide | Volume15 Issue02
nine times as much in B.C. as in New Brunswick, but market demand yields this wide home price differential.” Second, homeowners and buyers should remember that real estate is local. You don’t buy a national market, or even a provincial or municipal one. “Real estate prices are very local in nature,” says Soper. “While still more expensive than Moncton real estate, a similar two-storey home can be purchased in the Greater Vancouver Area’s southern suburbs for one quarter the cost of a west-end property.” However, says Soper, it is worth noting that the Bank is worried about the economy, has relatively few tools at its disposal, and for the most part must use persuasive argument to sway financial behavior. Though subprime mortgages have never been an important form of lending in Canada, years of persistently low interest rates have encouraged some lenders to finance “risky” clients. Thus, the BoC has reason to be concerned. “The Bank of Canada needs to raise red flags when more homebuyers engage in risky behavior,” says Soper. “The vast majority of Canadian homeowners, however, have safe, traditional mortgage financing in place.” As the North American economy strengthens, more people are working and earning higher incomes. “Will the rate at which major city house prices are rising slow? Of course. Will prices collapse? That is highly unlikely.” And as Ross points out, “there are two times that real estate values matter – when you buy and when you sell. What happens in between is no more relevant than the total cash you have in the middle of a game of Monopoly.” Wayne Karl is an award-winning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics of buying property. He can be reached at wayne.karl@wall2wallmedia.com or follow him on Twitter at Twitter.com/WayneKarl
marketplace
1
2
TREND
spotting
3
This season’s hottest trends are a real mash-up! You can see influences of the ’70s, Scandinavian style and mid-century modern mixed with tons of pattern. It’s an interesting time in design! Here are six pieces currently on our hit list. BY SARA DUCK
4
5
6
1 Kate Spade Saturday Floral Print Anders Chair. $719. Visit westelm.com
3 Sillerup Rug in Black and White. $149. Visit ikea.ca
5 Underline Dinnerware. $5-$7. Visit cb2.com
2 Double-Sided Throw in Celery. $49. Visit chapters.indigo.ca
4 Oslo Five-Piece Cutlery Set in Black. $75. Visit chapters.indigo.ca
6 Paradigm Dining Table. $999. Visit cb2.com
NEED A MORTGAGE? Call (403) 863-1293 Today!
5015 Centre Street NW, Calgary AB, T2K 0S9 E: loriames@gmail.com
Five Year Fixed Rate
PRO LINK MORTGAGE My experience and service will work for you.
2.79%
all subject to change, lender qualifications will apply
Volume15 Issue02 HomeGuide •
39
mortgageadvice
Why you should pay attention to the
Bank of Canada B Y A LY S S A R I C H A R D
Y
ou’ve probably seen a few headlines about the Bank of Canada’s (BoC) recent surprise decision to drop its key interest rate to 0.75 per cent. Related reading includes how the economy has shaped the central bank’s decision to change the rate, and how the monetary policy has been updated. It’s a lot of information packed into one article, so don’t feel bad if some of it goes over your head at first. However, if you have a mortgage – particularly a variablerate mortgage – you may want to add a calendar reminder for each BoC announcement, released every six weeks. Why? Well, because if the overnight lending rate goes up, so could your monthly mortgage payment. To explain how this works, let’s start with some background information. The overnight lending rate is the interest rate at which banks borrow and lend money to one another, to cover the transactions they make each day. Changes to this interest rate can directly result in changes to other interest rates, such as for consumer loans and, you guessed it – mortgages! This is because each bank’s prime rate is attached to the overnight lending rate. So, as an example, if the overnight lending rate goes up by 0.50 per cent, your bank’s prime rate will also go up by 0.50 per cent. And if you have a variable-rate mortgage, which is attached to prime rate, your mortgage rate and payment will follow suit. Let’s assume you bought a home for $400,000, put down 10 per cent and amortized your mortgage loan over 25 years. If your bank gave you a five-year variable-rate mortgage of prime minus 0.50 per cent (say, at 2.50 per cent), your monthly mortgage payment would be $1,651. If, at any time during that five-year term, the overnight lending rate went up by one per cent, your bank’s prime rate – and therefore
Economists don’t predict any major upward movement in the near future, so you may not need to worry about this for a while. 40 • HomeGuide | Volume15 Issue02
your mortgage rate – would also go up by one per cent (so you’d be up to 3.50 per cent). At that rate, your monthly mortgage payment would be $1,841, which is an additional $190 per month or $2,280 per year you’d need to find in your budget to pay for. Before this latest BoC rate announcement, the overnight lending rate sat at one per cent for four years straight. Economists don’t predict any major upward movement in the near future, so you may not need to worry about this for a while. However, its a good idea pay attention to what the BoC says in its announcements, and prepare your budget for what’s to come.
Alyssa Richard is the founder and CEO of ratehub.ca, a mortgage rate comparison site that aims to empower Canadians to make smart financial decisions.
zone
COMMUNITIES & MLS NUMBERS
Acadia ................................................215 Auburn Bay .......................................365 Chaparral ...........................................280 Chaparral Valley ................................285 Copperfield .......................................355 Cranston ............................................360 Deer Ridge ........................................265 Deer River Estates.............................272 Deer Run ...........................................270 Diamond Cove ..................................252 Douglas Glen ....................................320 Douglas Ridge ...................................330 Douglasdale Estates .........................325 Fairview .............................................210 Foothills Industrial Park ...................340 Highfield............................................205 Inglewood .........................................200 Lake Bonavista ..................................235 Lake Bonavista Downs .....................245 Lake Bonavista Estates .....................240 Legacy ................................................295 Lynnwood Ridge ...............................300 Mahogany .........................................375 Manchester........................................207 Maple Ridge ......................................230 Mckenzie Lake ..................................335 Mckenzie Towne ...............................345 Midnapore .........................................255 New Brighton....................................350 Ogden/Lynnwood.............................305 Parkland .............................................260 Quarry Park .......................................315 Queensland .......................................250 Ramsay ..............................................202 Riverbend ..........................................310 Seton ..................................................370 Sundance ...........................................275 Walden ...............................................290 Willow Park .......................................220 Willow Park Estates ..........................225
MARQUIS OF LORNE TR
MACLEOD TR
DEERFOOT TR
PRO LINK MORTGAGE Five Year Fixed Rate
2.79%
Need a mortgage?
5015 Centre Street NW, Calgary AB, T2K 0S9 E: loriames@gmail.com
Call (403) 863-1293 Today! My experience and service will work for you.
Volume15 Issue02 HomeGuide •
41
homebuyers’help
The cost of love in Canada: $50,339.21 B Y LY D I A M C N U T T
V
alentine’s Day may have come and gone, but if buying a home and finding true love are still on your calendar this year, then you’ve got your work cut out for you. These milestones go hand in hand, but it could be a case of either/or when you consider that the price of love is right up there with the cost of a down payment on a home. According to the third annual Cost of Love study by RateSupermarket.ca, romance will set you back $50,339.21, from first date to cutting the wedding cake, with a oneyear dating period, one-year engagement and an “average” Canadian wedding. That’s up 11.4 per cent from last year. If that doesn’t break your heart, compare the price of love to the cost of living, and you may shed a tear. According to the fourth-quarter 2014 Housing Market Outlook by Canada Mortgage and Housing Corp., the average price of a resale home in Canada as of Dec. 2014 was $414,300, with an average down payment of $66,288. “On average, the prices associated with dating, engagement and nuptials have increased. And, as costs for food and travel
grow amid today’s low currency environment, our findings underscore the importance of being financially prepared for life’s milestones,” says Penelope Graham, editor at RateSupermarket.ca. If you’re not wiling to choose between romance and a roof over your heads, communication and coordinated planning are key. “Individuals should be aware how increased spending – whether on entertainment, travel, or a certain piece of jewelry – can derail the best-laid of financial plans,” Graham says. She offers these financial tips for couples: • Many modern-day couples move in together before tying the knot, and they are trading in the traditional wedding gifts (how many toasters does one couple need?) in lieu of a home down-payment fund. • Take advantage of the first-time Home Buyers’ Plan, which lets you and your partner each withdraw $25,000 from your RRSP, providing you qualify. You’ll have to repay the amount withdrawn in 15 years to avoid paying tax. • Contribute to a Tax Free Saving Account.
One Year of Dates: $7,740.21 12 Fancy Dates: $2,335
Average cost: $194.50
(nice dinners + theatre tickets)
36 Casual Dates: $489
Average cost: $13.58
(12 takeout dinners, 12 coffee dates and a Netflix subscription)
12 Movie Dates: $570.96
Average cost: $47.58
(movie tickets, concessions)
2 Weekend Getaways: $821.50
Average cost: $360.75
(2 days away, 2 nights away, $100 credit card bill)
Beach Vacation: $2,254.67
Average cost: $1127.33
Other Expenses: $1,270.08 (Flowers: $126.98, Men's Wardrobe: $1143.10)
One-Year Engagement: $10,913.99 Another Year of Dates + 50% Wardrobe update: $4,913.99 Engagement Ring: $4,000 Engagement Party: $2,000 Tying The Knot: $31,685* *Source: 2014 Weddingbells/Mariage Quebec Reader Survey
42 • HomeGuide | Volume15 Issue02
Gleniffer Lake • Gull Lake • Sylvan Lake • Invermere/Columbia Valley • Okanagan Region • Vancouver Island
BRITISH COLUMBIA & ALBERTA
REAL PROPERTIES FEBRUARY - MARCH 2015
recreationproperty
Finding your
dream getaway
BY E L I SA K ROV BL I T YOU KNOW YOU LIKE TO GET AWAY, THAT’S THE EASY PART.
But when it comes to buying a recreation property, what do you really want? There are seemingly endless locations that offer ideal surroundings for a little R&R, and there are numerous options when it comes to property styles and even legal forms of ownership. What works for you? LOCATION: Start with how far you’re willing to travel. This may make a huge difference to where you can consider and what your budget might be. If you plan to use your recreation property all year long, remember that winter driving conditions can add to the travel time, so don’t just calculate based on kilometres. Generally speaking, if you’re trying to find a place close to home, you’ll probably pay a premium. If you’re willing to go a bit further, you may find better deals. Have you been thinking “waterfront” or “mountain view”? Do you want a lot of acreage? You may find a property with a river or creek, or you may feel like a swimming pool is a good alternative to lake-side living if you’re trying to stretch your budget. There are a variety of options, from a forested property to clear fields, and even the seclusion and privacy of an island accessible only by boat. There are old farms with barns, which are great for storage or for play areas. Waterfront homes come with a premium; if you don’t mind a short walk to the water, you may find your budget buys more. Location, location, location – as they say in real estate – is a very important decision. It’s the one thing you won’t be able to change unless you’re willing to sell, so make sure it’s the right location for your needs. STYLE: Some recreation properties are magnificent manors, rivaling city homes both in size and indulgence. Others are simple and streamlined, more rustic with only the basic modern amenities, but they provide a more informal setting to get away and relax. One thing to think about is how you’ll be using your property. If you like to have company, a bunky or extra rooms may be a requirement. The fixer-uppers may offer fantastic value, but you have to decide whether undertaking a renovation outside of the city will work for you. If you’re handy, you may enjoy the DIY projects, but if you’re looking for a recreation property to get away to and relax, you may not want one where there’s no downtime until you complete the next item on your endless to-do list. 44 • HomeGuide | Volume15 Issue02
Winterized recreation properties offer a year-round getaway, but you need to ensure that there is road access all winter and that you’re able to drive there in bad weather. If the home isn’t heated and insulated, then you have to shut it down for a good part of the year. OWNERSHIP: Owning a recreation property offers great options for both lifestyle and budget. Condo ownership may be of interest for those who don’t want to have any upkeep or want to make sure their area is maintained. There are urban-style condominiums that offer an escape and “home away from home” with great access to rural amenities, yet often located within a small town. They have all the modern amenities and some offer quite a resort feel. Other condo communities are more traditional, but have the “condo” designation because a local condo corporation will control community maintenance, such as clearing the road throughout the winter or garbage collection. If you just like getting out a few times a year, you may want to consider group or fractional ownership. With group ownership, you may have friends or family members who want to make the purchase with you. You trade off time at the property – just make sure your expectations are the same or scheduling could end up being a nightmare. But the savings on initial investment and ongoing maintenance, utilities and property tax may enable you to share a dream recreation property. Fractional ownership is generally done more formally and is a very budget-friendly option. You buy into a property or community and, just like a time-share, you get a certain amount of time per year to use it. You are responsible for monthly maintenance fees, but you need not worry about any other upkeep. Trailers have also become a popular option. They offer a great deal of flexibility in size and features, and are relatively inexpensive since your costs are for the actual structure as opposed to buying a parcel of property, but this requires living fairly close to neighbours instead of having the privacy of your own property. With all of these options available to you, you have to decide what suits your style of R&R, and your family. It shouldn’t be hard to find your dream recreation property to enjoy for years to come!
In your neighbourhood Imagine Living in Victoria to view waterfront, acreages and other properties in Victoria go to www.jackbarker.net email: jack@jackbarker.net
Jack Barker
2190 TRYON RD V8L 5H6 NS CURTEIS POINT-NORTH SAANICH
11344 HICKORY DR V8L 3X9 NS LANDS END-NORTH SAANICH
Executive residence in a beautiful location on Curteis Point. This energy efficient home was built to high standards with over 3400 sq.ft. of open living space. Unique design offering a Mediterranean lifestyle with full skylights over the spacious kitchen, top of the line appliances and a very special family sunroom opening onto outdoor living and outdoor kitchen. With Wolf appliances, propane radiant heat and 1,000 sq. ft. patio. Beautiful landscaped gardens and close to marinas, airport, ferries and the town of Sidney by the Sea. This home has to be viewed to appreciate the quality of construction and the many special living spaces. Enjoy living in this air-conditioned home with a featured steam room and many more features. Call to view!
Expect the best with this 5 bedroom, 6 bathroom exceptional designed custom residence. Room for the entire family to grow along with a potential for home office. Spectacular views of ocean, islands, mountains, beautiful patios over 2500 sq.ft. of decks. A dream home with so many features for the discriminative purchaser. We would be pleased to make a special appointment for viewing. Please check web site for more features. Call now to view.
$1,150,000
$2,380,000
CAMOSUN PENINSULA PROPERTIES
BOOK YOUR SPECIAL APPOINTMENT WITH JACK!
email jack@jackbarker.net
I
www.jackbarker.net
Toll Free 1-877-730-0608
LEVEL ENTRY RANCHER WITH
$599,900 - 614 Parkway
PLUS a 2-bedrm In-law and many extras in q High quality finishing, open floor plan-c landscaped lot, 2 decks & patio, skylights, plu
Call Nancy Direct
(250
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46 • HomeGuide | Volume15 Issue02
Victo
Virtu
CHER WITH WALK-IN BASEMENT
PRICELESS TREASURE OFFERED!
- 614 Parkway Place, Colwood
$349,900 - 7230 Sea Cliff, East Sooke
many extras in quiet and picturesque surroundings. n floor plan-car garage plus ample driveway, tio, skylights, plus so much more.
Nancy Vieira
(250)514-4750
for Victoria & Southern Vancouver Island
$610,000.00 Waterfalls and Pools on 5.96 Riverfront Acres. Home plus Cottage.
$699,900 Riverfront 2,174 sq.ft. Log Home with Cottages/ Shop 6.89 Acres
CENTRAL SAANICH SOOKE
$288,000 3 bed/3 bath home DR Early Closing Buyer Bonus $3500.00 Luxury Master Bedroom
PORT RENFREW
PORT RENFREW
$349,900 5 beds 4 bath, open concept living on several levels, large half strata duplex, over 2700 sqft of space.
$380,000, Two Cottages and RV on Site with hydro, well water. 10 Oceanview with Mountain Views.
$600,000 TRAVEL TO THE END OF THE ROAD. Imagine..... on the tip of Juan de Fuca Strait, perched on the SW coast of Vancouver Island, just past Port Renfrew lies untouched old-growth Pacific Coastal forest on the point entering San Juan Harbour. Beautiful piece of the west coast, 7.42 acres boasts over 1800 feet of rugged, wave-swept oceanfront, roaring surf, incredible views from three sides of this peninsula. Wildlife such as deer, black bears, and bald eagles live here and passing marine life of migrating grey whales, orcas, otters and sea lions are often observed. Road access & helicopter pad. Bordered by Juan de Fuca Park, hike to Botanical Beach & to the Juan de Fuca Marine Trailhead or picnic in your own beautiful wilderness.Build your dream!
SOOKE
$449,900 3 bed 2 bath. Stunning valley and mountain views on corner lot backing onto greenbelt; extensive walking trails and distinctive architecture
$430,000 Open Concept Living with Loft, Monthly Fee $265, 3 Bed 3 Bath, Master Bedroom on Main
$579,900 5 bed/4 bath, Full Duplex Ocean & Mtn Views Open concept plan Deluxe master w/ ensuite Vaulted ceilings Floor to ceiling windows Sliding doors opening to the sunny stone patio
$265,000 4 bed/ 1 bath Home + Revenue Cottage! Ocean Views and walk to beach! 1bed/1bath revenue cottage
SOOKE
PORT RENFREW FRENCH BEACH
$349,900 Fully Fenced 1 acre with home and double garage with separate studio! Walk to French Beach ! Great for families; school bus area. French Beach!
SOOKE
$299,900 3 bed 2 bath plus shop, sunroom out front, fully fenced, short stroll to beach.
$249,900, 7 bed 3 bath includes 2 bedroom suite Short stroll to Oceanside
$229,900 0.39 Acre building lot, stunning ocean views, Vacant building lot. Nice Area!
$364,900 3 bed/3 bath Upper Legal Half Duplex Ocean & Mtn Views Engineered floors Custom fireplace Sundeck Private backyard Top two floors only 1 left!
$224,900 2 bed/1 bath Lower Legal Half Duplex Ocean & Mountain Views In suite laundry 1 block from the ocean 3 blocks to downtown Easy care landscaping only 2 left
SOOKE DUNCAN PORT RENFREW
$245,000 2 bed 2 baths. Private view deck to enjoy the sunshine. Underground heated parking, Elevator, storage, 1,496 Sq.Ft of living space!
$219,900 5 Acre lot Oceanfront Acreage Vacant 5 Acre Lot. Oceanfront with views.
$1,100,000.00 Dream acreage with 1500 FT. of oceanfront. 11 Acres
COBBLE HILL
NO FEES
MALAHAT
$189,000 1.01 acres Gorgeous building lot next door to Fantastic French Beach Park on this South Island’s Wild West Side. Sandy beach just a 5 minute walk away. Drive out, walk up the path, breath in the sea air and buy this special place!!
$155,000 Mobile! Duplex! Or Build Your Own Single Family Home! Vacant Lot. zoning allows duplex, home, mobile. no restrictions!
PORT RENFREW
SOOKE
SOOKE
ISLAND LIVING AT its BEST! Make this the best move of your life!
PORT RENFREW
ects t info
Call Nancy Direct (250) 514-4750
Victoria 250.384.8124 • West Shore 250.478.9141 • Sooke 250.642.3240 • Cobble Hill 250.743.3838
Virtual tours at www.nancyvieira.com • info@nancyvieira.com • Toll Free1.800.665.5303
COLWOOD
ira
SOOKE
ct
Tranquil views of Whiffen Spit & Sooke Harbour from this .26 ACRE sunny south oceanfront lot. The Silver Spray Development has wonderful plans which will only increase your investment. City water & hydro at lot. Southern tip of Vancouver Island.
$1,600,000 11 bed 9 bath, custom build with great attention to detail utilizing materials from actual property.
Virtual tours at www.nancyvieira.com • info@nancyvieira.com •Toll Free 1.800.665.5303 Victoria 250.384.8124 • West Shore 250.478.9141 • Sooke 250.642.3240 • Mill Bay 250.733.0770
out of town
regional map
27 766
22
Didsbury
2A 562
2 Carstairs
Cremona
806
581
Carbon
575
Crossfield
72
766 772 567
Airdrie
9
Irricana
567
Dalroy
791
1
Chestermere
CALGARY
68
22
Lyalta Strathmore
569
Shepard 791
22X
Standard Hussar 1
Blackie
542
Milo 842
540 534
Vulcan 531
Nanton 2
533
527
520
48 • HomeGuide | Volume15 Issue02
23 24
Cayley 22
Bassano
842
High River
541
Cluny
547
2A
Longview
547
Arrowwood
7
543
Gleichen
Mossleigh
797
549
Okotoks
817
Carseland
552 549
561
22X
Dalemead DeWinton
Black Diamond Turner Valley
564
564
Langdon
8 Bragg Creek
56
842
Keoma
566
Delacourt
Bearspaw
840
Rockyford
Katherine
Balzac
Cochrane
1A
21
Beieker
574
22
Acme
Champion
529
Stavely Caramangay
Claresholm
520
DORY CAMERON FRI CCS PROFESSIONAL REALTOR® & BROKER/OWNER
(403) 807-7193
s
DORY@CAMERONDISCOUNTREALTY.COM WWW. C AMERON D ISCOUNT R EALTY.COM
Attractive commission plans to choose from! SELL-ONLY PLAN is where my listing fee is 1%. Compare this to the typical 3.5%/1.5% commission and you literally save thousands! If you are thinking about both selling your home and buying another one then you will want to take advantage of my $1,795 BUY & SELL PLAN where my listing fee is only $1,795 instead of the typical 3.5%/1.5% commission and you will save even more! In both cases you will want to offer the typical 3.5%/1.5% to the buyer’s realtor to encourage maximum exposure to all Realtors® and the MLS® market. All fees paid from the sale proceeds - no fees upfront! Fees subject to GST.
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SAVE THOUSANDS IN REAL ESTATE FEES LISTING FEE AS LOW AS... $1795.
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• Each home staged and photographed to attract serious buyers. • Full marketing package for each of my listings includes internet marketing, magazines, feedback from showings, virtual tours and more! • Not only award-winning Realtor® but also a Broker with a Fellowship in Real Estate (FRI) and a Certified Professional Stager (CSP).
www.CameronDiscountRealty.com PRIVATE, TREED OASIS! COLLINGWOOD
! /
$699,900 Unique Bungalow 2 + 2 bedrooms, nestled in very quiet location across from green island, a block from Confederation Park. Gorgeous wood floors and walls throughout, custom kitchen complete sleek appliances & tumbled marble tile backsplash. Expansive wall-of-triple-glaze windows light the kitchen, dining and living room areas. 3 skylights ensure a bright bathroom and staircase. Vaulted open beam ceilings throughout entire main floor. Private Master Bedroom Oasis with a 2nd wood-burning fireplace and spa-like ensuite. You will feel like you are in Kananaskis as you sit in the house or on the huge private deck. Perfect home for those who value privacy. Nicely offered at $749,900.
CEDARBRAE
$449,900 Updated contemporary home situated in family neighborhood! 1,622 sq ft, 3 bedrooms 2 ½ baths, nicely updated in the latest finishes. Sleek white kitchen with concrete countertops and crisp white brand new appliances. Updated light fixtures with added recessed lighting throughout. White walls act as the perfect backdrop to your furniture and collections. Main floor Family Room with subway tiled wood-burning fireplace. Double doors open to huge master bedroom with walk-in closet and ensuite. Fully developed basement will fit your pool table! Mature trees, lovely deck…won’t last!
TOP FLOOR PANORAMA HILLS
INNER-CITY WITH SUITE!
$279,900
$519,900
Perfect for roommate scenario… Top floor unit, loaded with must-haves including maple cabinetry, loads of countertop space, stainless steel appliances, hardwood floors, 9 ft ceilings, fireplace & balcony. Two bedrooms each with their own bathroom! Storage locker, underground parking, private den with French door, quiet location - mint condition!
Tuxedo Bungalow 2 + 1 bedrooms, 2 full baths - basement suite with separate entrance! Updated kitchen with coffee-toned cabinetry, granite and stainless steel appliances. Inviting living room with hardwood floors & huge windows. Gorgeous park-like south back yard has curved flagstone pathway leading to oversized single garage. Basement has kitchen, large living room, spacious bedroom, full bath and laminate flooring throughout. Quiet location - put this on your list!
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featureproperty
McKenzie Lake home River, city and mountain views B Y H E AT H E R R YA N The main-floor master bedroom has a vaulted ceiling and a spa-like ensuite featuring a heated tile floor, jetted tub, separate shower and walk-in closet. There is also an elegant formal dining room, a den and laundry room on this level. The second level has two bedrooms that share a Jack ‘n’ Jill bathroom and a huge bonus room, while the lower level features a large family room with gas fireplace, built-in cabinets and a wet bar, two bedrooms with three-piece ensuite and a six-person sauna. You can walk out to a massive lower patio and enjoy the fully fenced landscaped back yard. For more information on this home at 85 Mount Alberta View, contact Ray Riley, Royal LePage Foothills, at 403.270.7601 or visit rayriley.com.
N
estled on the ridge and backing onto Fish Creek Park, buyers will adore this fabulous McKenzie Lake home that offers stunning views of the mountains, river and city skyline along with exceptional features, inside and out. “This home gives you the best of both worlds – you’re on the ridge so you have incredible views, and you have lake privileges so you can enjoy the water,” says luxury home realtor Ray Riley of Royal LePage Foothills. “This home is unique because it lives like a bungalow with a large master bedroom and ensuite on the main floor, plus it has additional space upstairs with two bedrooms and a bonus room, so it’s ideal for a family or empty nesters.” This immaculate two-storey split with double attached garage offers 4,350 sq. ft. of living space including a fully developed lower level with walkout, and showcases a bright open concept, vaulted ceilings, arches, tigerwood hardwood floors, oversized windows and skylights. The gourmet kitchen features an expansive island below a skylight in the vaulted ceiling, granite countertops, walk-in pantry and stainless steel appliances including a six-burner gas stove, built-in wall oven and microwave. Beside the kitchen, the dining nook has double glass doors that open to the upper deck, and the Great Room space is defined by its own vaulted ceiling and highlighted by a contemporary gas fireplace surrounded in black granite.
Volume15 Issue02 HomeGuide •
51
aroundthehouse
Spring CLEANING… B Y L AU R A L E
A
s spring approaches along with hopes of warmer weather, green grass and pretty flowers, we face an uncertain economy. While the price of oil and gas has a positive effect for those of us that drive a lot, it reflects negatively on many other areas of our economy and the first hit is always the real estate market, or so it seems. Every day the news has at least one headline about the price of housing in relation to the drop in oil. As far as real estate goes, Calgary has always been in its own bubble because if the oil industry, so it makes sense when oil is not doing well, neither is anything else here.
52 • HomeGuide | Volume15 Issue02
Many real estate agents I have spoken with are predicting an increase of about 1.5 per cent over the next year and some are calling it a “correction” because of inflated values that often occur here. They are also calling this a “buyers” market that will remain with us for the rest of the year. The real estate market fluctuates between benefiting either the sellers or the buyers, and properties always sell in either scenario. The biggest factor in a property selling is the asking price. If it is priced appropriately and presented well, it will sell. In order to get the preferred price for a house, it must show well. If the photos online are not fantastic, potential buyers will not show up in person to see it. There are so many bad photos online that there are now websites that highlight them. This is completely avoidable. Cleanliness is without a doubt the most important issue, aside from price ,when listing your property. I was recently in a vacant home that has been on the market for some time.
In order to get the preferred price for a house, it must show well. If the photos online are not fantastic, potential buyers will not show up in person to see it. It was evening time, so it was dark outside and everything looked pretty good, aside from the dust on the light fixtures when they were illuminated. (Light fixtures are often overlooked when people are cleaning!) When I went returned during the daytime to stage the property, I saw how dirty it was, and obviously had not been cleaned by the tenants when they moved out. The homeowner had done the walk-through in the evening and did not see the mess left behind until it was too late to get the damage deposit back. The goal when selling a home is creating an environment buyers want to linger in, and see themselves living there. If the place is not clean, they will not experience have the urge to stay – or buy! The property should also be in good repair. Plumbing should be checked to ensure nothing is leaking and the kitchen faucet doesn’t spray anyone in the face. Remember, if a buyer is actually interested in the property, they will test the faucets to check water pressure, they will try light switches, windows – everything.
Paint is usually an easy fix and can make a big difference. Ensure light fixtures have working and matching light bulbs. Some bulbs emit a blue or yellow glow, so please ensure they are consistent throughout. Switch plates should match, and be in good repair. I see many homes where there are beige plates next to white plates with a brass or chrome plate thrown in as well, or better yet, a plate covered in wallpaper from the ’70s. This, like the paint touch up, is easily done by the homeowner and makes a big difference. Flooring must also be clean, tile not chipped or cracked, and linoleum not torn or curling at the edges. Carpets should be steam cleaned and stain-free. Stains on carpet scare buyers away, especially if pets are evident and the buyers are not pet friendly. If the property is clean, pets will not usually affect prospective buyers’ decision, unless they suffer from severe allergies. Hardwood floors can be costly to repair and that cost must be considered, but the best feature about hardwood is that it is almost always repairable.
Volume15 Issue02 HomeGuide •
53
If there are damaged areas in the home such as holes in drywall or doors, they need to be fixed or replaced. Broken mirrors in bathrooms are another tell-tale sign that a property has not been cared for, so these should be replaced. If a buyer sees these examples of neglect, they may wonder what other problems the property is hiding behind its walls. The housing market will face some changes in the next little while, but if a seller does their due diligence, their property will sell because buyers will be looking. Make sure the property is priced appropriately for the current market, and put your best foot forward as anyone does when trying to sell anything they value.
LAURA LE Creative Enhancement Inc. Laura Le has owned Creative Enhancement for eleven years. Laura completed courses with Accredited Staging Professionals (ASP), Canadian Staging Professionals (CSP) and Canadian ReDesign Association (CRDA). Creative Enhancement has been a member of the BBB since 2005. Call 403.807.8591 or email laurale@shaw.ca and visit creativeenhancement.ca
54 • HomeGuide | Volume15 Issue02
Alnoor Velji av2020@telus.net
403.560.3335 COMMITTED TO EXCELLENCE SINCE 1989
http://www.calgaryhometeam.ca # 1 Re/Max office in the world* 1999-2012 Re/Max Real Estate (Central) • 403-216-1600 • 206, 2411 - 4th St NW, Calgary, AB, T2M 2Z8 *Based on Closed Transactions
EDGEMONT 2361 SQ/FT WALKOUT $639,900
EVANSTON VACANT TOWN HOUSE $328,900
IRRICANA COMMERCIAL BUILDING $375,000
DOUBLE ATTACH GARAGE
Wow! Backs onto park/playground. 3 bedrooms + loft, formal lvg/din/kitchen with nook and family room. Granite, hardwood, pie walk out lot and much more. Call now to view this beauty.
Wow, 1350 sq/ft town house with double attach garage. 2 bedrooms + den and 2 bathrooms. 9’ft ceiling, laminate hardwood and much more. Call now to view this home.
Excellent for owner/operator. Almost ½ acre with 2780 sq/ft of building with offices and warehouse space with over head doors. Only 20 mins from Airdrie. Call now for further details.
IRRICANA COMMERCIAL LOT $99,900
TEMPLE 2500 SQ/FT $409,900
Built your own business on this 130 x 76 ft lot in this business district of irricana. All the services are at the lot line. Call for further details.
Wow! Fully developed with over 2500 sq/ft, 3+2 bedrooms plus den. Main floor living/dining/kitchen/nook/family room/den and laundry. 3 bedrooms upper with full ensuite. Basement finished with rec room, 2 bedrooms and bath. Double attach garage and more. Newer windows thru out. Call now.
Call: 403.247.5503 Email: serhan@tarkan.ca
# 106 505 19 AV SW
$242,500 • • • •
1 Bedroom / 1 Bathroom 600 Sq Ft Stainless Steel Appliances South Facing
MLS: C3647799
104 540 18 AVENUE SW
$289,000 • 2 Bedrooms / 1 Bathroom • 785 sq ft • Steps to 17 Avenue
MLS: C3646261
103 CUMBERLAND DRIVE NW
$549,900 • • • •
4 Bedrooms / 2 Bathrooms Fully Finished Single Attached Garage South Backyard
MLS: C3648582
153 PANAMOUNT RISE NW
$579,900 • 4 Bedrooms / 3.5 Bathrooms • 2328 sq ft • Fully Developed Walkout Basement
MLS: C3652795