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All Blog Entries by John Mayberry

Found 196 blog entries published by John Mayberry.

New Home Construction in CanadaNew home constriction in Canada is having its best year since 2008-2009, according to new data highlighted by the Calgary Herald. And although rising interest rates have many soon-to-be home buyers in Calgary and beyond a bit worried, builders are showing no signs of slowing down any time soon. 

As noted in the report, work started for an annualized 222,324 new homes throughout Canada this past July, which represents the third-fastest pace since all the way back in 2012. Furthermore, home starts have averaged around 215,000 so far in 2017, which is also high enough to register the most new residential construction since 2007 should the current pace continues. 

New multi-family projects in Toronto, Montreal, and Vancouver certainly helped fuel the

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Calgary Real Estate Update: August 2017According to new stats from the Calgary Real Estate Board (CREB), housing inventory across each of the city’s 8 districts has increased, with the highest gains seen in City Centre and North Calgary. 

As you might expect, the jump in City Centre inventory is largely related to a surge in downtown Calgary condos hitting the market, which can largely be attributed to condo flippers looking to unload investment properties, while the increase in supply up on the city’s north side is mostly all detached homes. 

Latest statistics have West Calgary home prices among the highest, registering an average price of $738,900 most recently, while the East District is currently seeing Calgary’s lowest average home price of just $356,700. 

Citywide, the average

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With the enjoyment of stunning mountain views and upscale features, this exceptional Calgary home blends an ideal setting with delightful details. The elegant design of the home is accented by large windows, allowing for plenty of natural light to flow throughout the home and the luxury of sweeping scenery from the comfort and privacy of the well-appointed interior. With upwards of 4,700 square feet of living space, the home offers an admirable three-bedrooms and three-baths, all complimented by exceptional storage possibilities from the three-car garage.

The gourmet kitchen is outfitted with high-end appliances and an island for food prep and entertaining, while the master bedroom supplies a vaulted ceiling and views overlooking the Lynx Ridge Golf

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Trinity Hills at Canada Olympic ParkWith an ideal setting just steps away from shopping, vibrant entertainment, dining and recreation, Trinity Hills at Canada Olympic Park presents an attraction option for prospective new residents in the Calgary area. This mixed-use development caters to a range of possibilities for future residents and visitors, a place for living, shopping and more all in one convenient location. Also providing easy access to the Trans-Canada Highway, the location sits just to the east of Canada Olympic Park.

Plans call for a 100-acre development coupled with more than 150-acres of parkland. As well, the Trinity Hills at Olympic Park project will also include a mix of different kinds of housing, allowing new residents to virtually live, work and play in just one area.

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Offering up the luxury of new construction, this spectacular new two-level home enjoys more than 2,300 square feet of living space and a prime location. Set backing up to desirable green space, the open floor plan of the home only accentuates the appeal of the well-designed residence. High ceilings open up the interior of the home even more, complete with functional additions, including an oversized mudroom and plentiful closet space for storage and organization. Meanwhile, the kitchen is outfitted with the desirability of stainless steel appliances, a walk-through pantry and ample cabinetry.

Built-ins add to the charm of the home, while a custom fireplace and a separate nook and formal dining area present additional appeal. A spacious bonus room

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Greenwich Village Condos CalgaryWith a sophisticated setting, the new Greenwich Village development aims to offer nearly 60 acres of inspirational space for living, working, shopping and dining. A mere 15-minute drive to Downtown Calgary, the project is also within an hour of the mountains, making it easy to enjoy a range of possibilities in outdoor recreation, as well as to experience all that downtown has to offer. This new, master-planned community plans for offices, dining, boutique shops and multi-family real estate options, all encircled within a pedestrian-friendly environment.

Found right off of Highway 1, an active outdoor lifestyle is coupled with stylish, urban amenities and features, making this one of the area’s most attractive new developments. The project calls for a

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Mortgage rates in Canada have been on the rise in recent months, and The Bank of Canada is also set to raise the stress test qualifying rate again, this time from 4.64% to 4.84%.

But despite most analysts projecting two or maybe even three more rate hikes before the end of 2018, that doesn’t necessarily mean you’ll have to pay more, as long as you act now.

What many potential home buyers in Canada may not realize is that even if you’re not quite yet ready to buy, you can still lock in a rate quote based on current lending conditions, and whatever rate you eventually become pre-qualified for will hold for a maximum of 120 days while you search for the perfect new place to live.

Furthermore, should interest rates drop during the 120 grace day

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The Calgary housing market has been trending upward lately, and while the recovery still feels slow, it’s also been fairly steady over the first half of 2017. But starting last October, lending standards in Canada tightened, and both fixed lending rates and prime lending rates have continued to climb at what some mortgage brokers are saying is the quickest, most frequent series of rate increases they've ever experienced.  

Earlier this month, the Bank of Canada just raised its benchmark interest rate by 25 basis points to 0.75%, making it the first major central bank to increase rates following the financial crisis. But just what does this mean and how does it affect you as a potential home buyer? Well, that's where it gets complicated.

On the

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Homes that have an updated kitchen are a big deal to home buyers, which is just one of many reasons why 272 Santana BA NW should catch the eye of anybody looking for a great deal in North West Calgary.

Offering 3,300 square feet of living space, this fabulous Sandstone Valley home provides ample living space, and it’s huge wide-open layout couldn’t be more perfect for today’s modern home owner.

The brand new hardwood flooring throughout 272 Santana BA NW is also a nice touch, while the large office/den here could also double for a 5th bedroom or the ultimate guest room if you love having over family and friends from out-of-town.

The master bathroom has also recently been remodeled and might even be the best part about the home, although the

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New data from the Calgary Real Estate Board revealed single-family home sales jumped 8% in June compared to the same time last year, and while any increase in sales activity is welcomed, new listings added to the market also surged by 24% last month as well, which isn’t great news for home sellers heading into the upcoming fall season. 

According to the same report, though, year-to-date inventory still remains roughly 9% below the first half of 2016, and with both year-to-date sales and home prices up slightly, market conditions are still relatively normal for what you'd expect during a gradual, and hopefully on-going recovery. 

As of the end of  last month, the median price for detached single-family homes jumped by 5.2%, reaching $514,800. Overall

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