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July 2017

Found 8 blog entries for July 2017.

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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Row homes on the Calgary real estate market are hot right now and if you’re looking to combine maintenance-free with TONS of living space, welcome to your new home in the beautiful Springside Villas neighborhood.

As a 3-storey corner unit, it doesn’t get much better than what our newest listing at 8000 Wentworth Drive SW #202 has to offer, at least in terms of townhouse living in Calgary.

Inside, this particular unit features two bedrooms and two bathrooms, and you’ll find the layout is also roomy, open, spacious, and plenty functional for today’s modern home owner, making it the perfect place to even grow into over time if you’re hoping to stay close to the city.

For private outdoor space, unit #202 is also equipped with 2 private patios, both of which

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Calgary BungalowsIf you’re considering new construction but may not want to pay that expensive new construction premium, our new listing over in Calgary’s Cambrian Heights neighborhood may be the perfect solution. An adorable bungalow situated over at 7 Cumberland Drive NW, this fabulous property offers an incredible value in a very desirable location first and foremost, but once you take a look inside, you’ll truly understand how special of an opportunity this is for anyone in the market for a new Calgary home.

Completely rehabbed to perfection, 7 Cumberland features ample living space that includes four bedrooms and three bathrooms, not to mention a fully finished basement that adds even more living space and a full-size laundry room.

Specific interior features include

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Calgary Condo Sales on the RiseThe Calgary real estate market has certainly seen improvement on a number of different levels compared to last year, and one such area that seems to be trending upward is the apartment style condo and townhouse segment of the housing landscape. 

During the busy spring market, which generally falls between March 1st and the end of May, 866 multi-family units were sold in Calgary, which is up a whopping 59% compared to the first quarter, and up 21% compared to the same timeframe in 2016. 

The strongest demand for condos in Calgary seems to be affordable units that attract entry-level buyers, which is a great sign for a variety of reasons. First, entry-level buyers likely wouldn’t make the commitment to purchase if they didn’t feel comfortable with the

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If you’re looking for the space of a single-family home but also the convenience and low maintenance of a  typical condo in Calgary, our newest listing at 197 Citadel PT NW is certainly worth a closer look. Perfectly situated in Calgary’s Citadel neighbourhood, this fabulous townhome residence features three bedrooms, three bathrooms, and 1,345 square feet of total living area across its two  individual levels, not to mention a location that’s close to schools, parks, recreational trails, and countless other community amenities up in North West Calgary.

Inside, the layout of 197 Citadel PT NW is open and functional, while finishes and features include beautiful hardwood flooring throughout the main level, an open kitchen with an oversized island, a

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