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Calgary Home Boys Real Estate Blog

Mortgage Rates CanadaIt’s widely expected that housing will be much less affordable in 2018, but by how much is still anybody’s guess. According to reports, mortgage carrying costs could increase by nearly 8% next year, largely because of rate increases and stricter mortgage rules and guidelines. 

To make matters worse, it’s also estimated that household incomes are only projected to increase by 2.5% in 2018. Translation: higher mortgage premiums and minimal wage increases is a bad combination for any housing market, especially when it comes to affordability for entry-level home buyers. 

But even as Canadian regulators may soon force borrowers to qualify for a higher interest rate, perhaps for even as much as 5%, it’s still unlikely actual rates would reach that level,

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Calgary Condos For Sale The ultra-modern condos of The Concord Calgary are now listed on the MLS, providing new options in luxury living right along the Bow River. This spectacular, new construction development offers two towers, altogether including more than 200 planned luxury homes.

Made up of private residences, suites and villas, many condos for sale at The Concord Calgary include two- to three-bedrooms, plus some private outdoor space. The richly adorned buildings surround an all-season garden.

As well, the development also offers a swimming pool and a nearby, waterside lounge, a full fitness centre and a yoga studio. The opulent design features also extend to concierge service, some valet parking and enclosed parking, with even some private garages.

Other

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Expensive Condo Buildings in CalgaryIf you’ve started the search for condos in Calgary, you’ve probably noticed that three particular developments often come up in the search of the most expensive. Upon closer inspection, however, it’s easy to see why all of these properties are so inviting.

The Concord

Set right along the riverfront, The Concord invites luxury and exclusivity. The condos and town homes are complimented by an array of upscale amenities. A swimming pool and waterside lounge, some private garages and high-end features and finishes, such as the Porsche-designed kitchens in some units, join the ultra-luxurious towers.

Keynote Calgary

Situated in desirable Victoria Park, the dual Keynote towers overlook nearby green space, with soaring windows, underground parking

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Calgary Housing Inventory The housing inventory is up in Calgary, with the availability of certain types of homes setting a new record for the month of September. The news comes from a newly released monthly report, courtesy of the Calgary Real Estate Board.

According to the report, attached homes and apartments rose to the highest inventory levels ever for the month of September, though single-family properties also saw growth in inventory. 

According to the CREB, inventories hit 6,861 units for the month, with new listings during September rising about 10-percent, when looking at year over year. Some exerts credit the new listings to sellers who had previously held off on listing their homes while waiting for the market to begin signs of stabilization.

While sales did

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Cranstons Riverstone Homes For Sale Encircled by the natural beauty of Southeast Calgary, Cranston’s Riverstone recently unveiled its new show homes to the public. This outstanding new community boasts homes with lots backing up to an environmental reserve and green space, allowing for a peaceful, pristine setting.

The new homes for sale in Cranstons Riverstone include a 2,800 square foot, two-storey model, as well as a bungalow, with the option of a lower level. In addition, there’s also another 2,800 square foot, two-storey home and another bungalow, also with a developed basement and an upper loft, bringing it to more than 3,800 square feet in size.

Cranston’s Riverstone includes the estate homes, move-up homes, villas and town homes. The community is already about halfway

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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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