I have listed a new property at 179 Riviera VIEW in Cochrane. See details here
**Open House Sept 9 @ 11-2**Stunning custom design and extensive upgrades in this Riveria executive home will catch your eye from the first look. Riverstone accents and a barn-style garage door epitomize the feel of the vibrant Cochrane lifestyle. A stylish entryway has tons of light and a shiplap feature wall. The main level is a sunny and open space that you can enjoy all day thanks to big, triple-pane windows. A gourmet kitchen centers around a quartz-topped eat-up island with a farmhouse-style sink. Espresso and white cabinets form an elegant contrast with grey subway tile backsplashes, and high-end stainless appliances include a gas range, French door refrigerator, and a built-in microwave. In the dining area, custom lighting, built-in speakers, and doors to the deck are a dream for entertaining. A statement fireplace in the living room is a cozy spot for good drinks and great conversation. Also on the main floor, you’ll find an office and a powder room, and the entry from the oversized, double-attached garage has custom built-ins. Upstairs, a bonus room is the perfect evening hangout. To one side, in the sumptuous primary suite, a custom accent wall and lighting add a dramatic flair, and you can set the mood with built-in speakers. The ensuite is a spectacular oasis. Dual sinks and a soaker tub face a phenomenal custom shower, where a rain showerhead detachable body sprayer and unique tile work make every shower decadent. An extensive walk-in closet finishes this room. Both generous secondary bedrooms are on the other side of the bonus room, as is the main bathroom, where lovely finishes include quartz counters and upgraded fixtures. The laundry room is well laid out with an upgraded washer, dryer and cabinets. In the unfinished basement, you have nine-foot ceilings and room for a home gym, seasonal storage, plus a cold room for your wine collection. Or, start dreaming up your ultimate lower level! The utility area has a Vacuflo as well as a three-zone HVAC system for the main floor, upstairs, and the primary bedroom. Outside, glass rails on the deck mean you can enjoy the yard from any angle, while the lower patio begs for al fresco dining. Fruit trees join manicured garden beds in this landscaped paradise, and a second patio was made for evenings spent outdoors. Solar panels and a rainwater collection system are great exterior upgrades. This home is under a block from the river paths and set between two main routes into Cochrane proper. One is a straight shot to the shopping district, where you’ll find an extensive array of major stores and services. The other side passes the Spray Lake Sawmills Centre, which hosts year-round recreation and activities, as well as a farmer’s market. Cochrane has all the amenities of a big city, yet still has that small-town feel. Plus, you can get outside every day, whether it’s on the bicycle pump track, the golf course, or Ghost Lake. Camping, the mountain, and Calgary are also just a short drive away. See this one today!
I have sold a property at 356 Point Mckay GARDENS NW in Calgary. See details here
Riverfront setting and a private end-unit location in stunning Point McKay? Townhome living at its best! A large and cheery entryway sets the tone with charming terracotta-style floors and glass French door closets reminiscent of Mediterranean design. Step up to a warm, airy main floor, where a large front room offers plenty of space for both living and dining, and interior shutters again add a hint of southern European influence. Hardwood floors throughout are in great condition and in a light neutral colour that goes perfectly with your personal style. Down the hall, the back of the home opens up with a lovely sunken family room in front of a cozy gas fireplace. The kitchen is beautiful in maple cabinetry and light quartz counters, and quality appliances include a gas range and a new fridge. A peninsula island is fantastic for entertaining, and overlooks a breakfast nook with French doors that lead to the garden. A powder room on this level has been updated, and the home also has newer windows and recently refreshed paint. Upstairs, a bonus room is an excellent work from home space. The primary suite is stunning, with a large bedroom, a sitting area, and dual closets. The ensuite is elegant and again infuses earthy terracotta tones in the tilework. Dual sinks are perfect for a couple, and the shower is epic. Dual showerheads and a bench invite you to indulge as you get ready for the day. A second bedroom on this level is generously sized, and the main bathroom is very peaceful in Grecian-style white and blue tiles. The finished basement offers another living room that could be a great home gym or another office. The utility room includes a laundry area complete with a utility sink and both hanging and cupboard space. The furnace is new as well. In the storage room, built-in shelving makes organizing your seasonal items a breeze. Outside, a lush, gorgeous patio is cobbled and edged with perennial garden beds. Your veggies will love the south exposure, and large trees in the park add a sense of privacy. Dog owners and bicycle commuters will find this amazing location perfect, with miles of pathways at your doorstep and only a ten-minute ride into downtown. This popular area is in walking distance to some of the city’s most iconic locales, with Riverside Spa, The Lazy Loaf & Kettle, and LICS Ice Cream Shop only steps away. The outdoor athletic park, Edworthy Park, and boutique Angel’s Café are just down the path as well. Also nearby, Foothills and the Alberta Children’s Hospital are available within minutes, and Market Mall or trendy Kensington offers a full complement of shops, amenities, and services in just a short drive. See this one today! Currently tenant is occupied and the tenant would like to stay.
Please visit our Open House at 179 Riviera VIEW in Cochrane. See details here
Open House on Saturday, September 9, 2023 11:00AM - 2:00PM
**Open House Sept 9 @ 11-2**Stunning custom design and extensive upgrades in this Riveria executive home will catch your eye from the first look. Riverstone accents and a barn-style garage door epitomize the feel of the vibrant Cochrane lifestyle. A stylish entryway has tons of light and a shiplap feature wall. The main level is a sunny and open space that you can enjoy all day thanks to big, triple-pane windows. A gourmet kitchen centers around a quartz-topped eat-up island with a farmhouse-style sink. Espresso and white cabinets form an elegant contrast with grey subway tile backsplashes, and high-end stainless appliances include a gas range, French door refrigerator, and a built-in microwave. In the dining area, custom lighting, built-in speakers, and doors to the deck are a dream for entertaining. A statement fireplace in the living room is a cozy spot for good drinks and great conversation. Also on the main floor, you’ll find an office and a powder room, and the entry from the oversized, double-attached garage has custom built-ins. Upstairs, a bonus room is the perfect evening hangout. To one side, in the sumptuous primary suite, a custom accent wall and lighting add a dramatic flair, and you can set the mood with built-in speakers. The ensuite is a spectacular oasis. Dual sinks and a soaker tub face a phenomenal custom shower, where a rain showerhead detachable body sprayer and unique tile work make every shower decadent. An extensive walk-in closet finishes this room. Both generous secondary bedrooms are on the other side of the bonus room, as is the main bathroom, where lovely finishes include quartz counters and upgraded fixtures. The laundry room is well laid out with an upgraded washer, dryer and cabinets. In the unfinished basement, you have nine-foot ceilings and room for a home gym, seasonal storage, plus a cold room for your wine collection. Or, start dreaming up your ultimate lower level! The utility area has a Vacuflo as well as a three-zone HVAC system for the main floor, upstairs, and the primary bedroom. Outside, glass rails on the deck mean you can enjoy the yard from any angle, while the lower patio begs for al fresco dining. Fruit trees join manicured garden beds in this landscaped paradise, and a second patio was made for evenings spent outdoors. Solar panels and a rainwater collection system are great exterior upgrades. This home is under a block from the river paths and set between two main routes into Cochrane proper. One is a straight shot to the shopping district, where you’ll find an extensive array of major stores and services. The other side passes the Spray Lake Sawmills Centre, which hosts year-round recreation and activities, as well as a farmer’s market. Cochrane has all the amenities of a big city, yet still has that small-town feel. Plus, you can get outside every day, whether it’s on the bicycle pump track, the golf course, or Ghost Lake. Camping, the mountain, and Calgary are also just a short drive away. See this one today!
August sees record-high sales amidst historic low inventory, pushing prices higher
Thanks to a surge in the condominium market, August sales reached a record high with 2,729 sales. Despite the record levels reported over the past several months, year-to-date sales are still down by 15% compared to last year.
While new listings did improve compared to levels seen this time last year, the sales-to-new-listings ratio remained elevated at 87%, preventing any significant shift from the low inventory situation.
Inventory levels in August dropped to 3,254 units, not only a record low for the month but well below the 6,000 units that are typically available. Low inventory combined with high sales this month ensured the months of supply remained low at just over one month.
The unadjusted benchmark price reached $570,700 in August, representing the eighth consecutive monthly gain. Prices have trended up across all property types, with row-style properties reporting the largest increase.
Detached
Record low inventory levels this month were primarily driven by pullbacks for homes priced under $700,000. While new listings did improve compared to last year, most of the growth was driven by homes priced over $700,000. August sales did improve over last year’s levels. However, limited supply in the lower price ranges has likely prevented stronger detached home sales. Persistently tight conditions drove further price gains this month. As of August, the unadjusted benchmark price reached $696,700. Nearly one per cent higher than last month and over 10 per cent higher than last year's levels. The highest year-over-year price gains occurred in the most affordable regions of the city's North East and East districts.
Semi-Detached
The 236 new listings and 197 sales did little to change the low inventory situation. While inventory levels did remain comparable to last month, they are still 35 per cent below last year’s levels and at record lows for the month. Relatively strong sales combined with low inventory levels have given sellers the advantage. With months of supply remaining exceptionally low throughout 2023, we continue to see upward pressure on home prices. As of August, the semi-detached unadjusted benchmark price reached $623,200, a monthly gain of one per cent and 10 per cent higher than last year. Price growth did range across each of the Calgary districts, but the strongest year-over-year gains were reported in the most affordable districts of the North East and East.
Row
The gain in new listings did little to offset the strong sales activity as the sales-to-new-listings ratio remained high at 94 per cent. This prevented any additions to the inventory and left the months of supply below one month for the fifth consecutive month. The persistently tight conditions placed further upward pressure on home prices. In August, the unadjusted benchmark price reached $413,200, a monthly gain of over one per cent and nearly 16 per cent higher than levels reported last year. Year-over-year gains have occurred across all districts, ranging from 12 per cent in the North West to 29 per cent in the East district.
Apartment Condominium
August sales continue to rise over last month and last year’s levels. Recent gains have caused year-to-date sales to reach 5,582 units, nearly 22 per cent higher than last year’s levels and a new record high for the city. Tight rental markets and relative affordability have driven many purchasers to the apartment condominium sector. At the same time, new listings have struggled to keep pace as the sales-to-new-listings ratio bumped up to 98 per cent in August, causing inventories to ease and the months of supply to drop to one month. The tight market conditions have been placing upward pressure on home prices, and as of August, the unadjusted benchmark price reached $309,100, a monthly gain of over one per cent and a year-over-year gain of over 13 per cent. The City Centre is the only district that did not report a monthly price gain, and prices are still below their previous highs in 2014. This is partly due to better supply/demand balances in the City Centre compared to other parts of the city.
I have sold a property at 3101 3000 Hawksbrow POINT NW in Calgary. See details here
This is the perfect main floor unit in beautiful Dreamview Village! You’ll enjoy the sunny mornings from the oversized, east-facing terrace of this wonderful 2-bedroom, 2-bathroom home. The kitchen has updated appliances and plenty of cabinet space. The primary bedroom features a 3-piece ensuite bath and double closets. There’s also a spacious full bath and a flexible second bedroom. The functional layout features an abundance of storage along with in-suite laundry and a nearly new washer and dryer. There is a cozy gas fireplace for cool winter evenings, as well as the comfort of air conditioning for hot summer days. Naturally, there is also a titled underground parking stall and a secure storage locker. This is a very well-managed complex with amazing amenities that include a workshop, guest suites, visitor parking and a self-serve car wash. The central clubhouse features a library, pool tables, kitchen and banquet hall, and plays host to resident activities or your private events - all while overlooking the beautiful grounds and stunning water feature!
Declutter Your Countertops: Keep your kitchen tidy by clearing off unnecessary items from your countertops. Store appliances and utensils you don't use daily to create a more spacious and organized cooking area.
Use Clear Containers: Store pantry staples like flour, rice, and cereals in clear, airtight containers. This not only keeps your ingredients fresh but also makes it easy to identify what you need, reducing the chances of a messy pantry.
Designate Zones: Create specific zones in your kitchen for different tasks, like cooking, prepping, and baking. Keep related items together to streamline your workflow and maintain an orderly space.
Are secondary suites valuable to a homeowner?
Secondary suites can be valuable to homeowners in the city of Calgary for several reasons: Rental income: By renting out a secondary suite, homeowners can generate additional income to help with mortgage payments or other expenses. Increased property value: Adding a secondary suite can increase the value of a property, making it a good investment in the long term. Flexibility: Having a secondary suite can provide flexibility for homeowners to accommodate changing family needs, such as aging parents or adult children who want to live independently. Improved affordability: With the high cost of housing in Calgary, having a secondary suite can help make housing more affordable for both the homeowner and the tenant. Meeting demand: With the growing demand for rental housing in Calgary, having a secondary suite can make a homeowner's property more attractive to potential renters. However, it's important to note that there are regulations and requirements that homeowners must follow when building and renting out a secondary suite in Calgary. Homeowners should consult with the City of Calgary's Secondary Suites program for more information on the rules and guidelines.
Secondary suites are self-contained living spaces that are located within the same building as a primary residence. In the City of Calgary, secondary suites are allowed in certain residential zones, subject to specific regulations and requirements.
Here are some key things to know about secondary suites in the City of Calgary:
Zoning: In the City of Calgary, secondary suites may be permitted in specific low density residential zones, including R-1, R-C1, and R-C1L. The City has specific guidelines and requirements that must be met to gain approval, and additional regulations or requirements may apply, depending on the specific zoning designation. Therefore, it's essential to adhere to all the relevant regulations and obtain necessary approvals from the City before establishing a secondary suite.
Permitting: In order to establish a secondary suite, you will need to obtain the necessary permits from the City of Calgary. This may include a development permit, a building permit, and potentially other permits or approvals depending on the scope of the project.
Requirements: There are a number of requirements that must be met in order to establish a secondary suite in Calgary. For example, the suite must meet certain minimum size requirements, have a separate entrance, and be located within the primary residence or in a detached accessory building on the same lot.
Safety and Building Code: The City of Calgary has specific requirements related to the safety and building code compliance of secondary suites. This includes requirements related to fire separation, ventilation, soundproofing, and other factors that are designed to ensure the health and safety of occupants.
Property Taxes: Establishing a secondary suite may impact your property taxes, as it may result in a change to the assessed value of your property.
Overall, secondary suites can be a great way to add additional housing options to your property or to generate rental income. However, it is important to be aware of the regulations and requirements that apply in the City of Calgary to ensure that you are in compliance with all applicable rules and regulations.
Source
I have sold a property at 33 Vandoos GARDENS NW in Calgary. See details here
Beautifully maintained, thoughtfully updated, and set in Varsity’s highly sought after Horizon Village 55+ complex, this home is absolutely phenomenal. A bright and airy entryway offers big closets, and the space flows back into a wonderful open layout. A country kitchen is a gorgeous upgraded feature, with wood countertops, a farmhouse sink, and refreshed cabinetry. Newer stainless appliances include a French door fridge and a gas range. An eating bar overlooks the dining area and a sunny living room, which has huge windows and sliding glass doors that lead out to the deck. The primary bedroom offers sizable closets and plenty of room for a cozy chair. The second bedroom is tucked next to the front door, perfect for overnight guests. The main bathroom provides tons of storage, a bathtub, and the rain showerhead is detachable as well. The single attached garage is another fantastic perk, especially for winter parking. In the finished basement, a family room enjoys an electric fireplace, and there is easily room for a work area or games table here as well. There is another full bathroom on this level, as well as even more closet and storage space. Additional upgrades are a new HVAC system *see private remarks, and all the blinds throughout the home are custom. Outside, a massive back deck gets amazing southwest sunshine your plants will love! There is room out here for grilling and dining as well as just soaking up the sun. Or, roll out the awning for a shady oasis from the summer heat. Manicured lawns dotted with trees and shrubs are cared for by the condo management company, as is snow removal, so the grounds are always lovely and you’re off the hook for manual labour. This complex has an awesome clubhouse called the Horizon Centre for residents, complete with lounge areas, a library, and games tables. There is even a kitchen, fitness centre, and meeting rooms, so you can entertain, work, and play all within steps from home. This neighbourhood is one of the best in Calgary, with lots of green space and in close proximity to all amenities. In fact, you could walk to Northland Village Mall in only a few minutes. The University of Calgary and Market Mall are also nearby, as are golfing, walking paths, and a huge range of shops and restaurants. Crowchild Trail is right there, with access to downtown or out of town in only minutes. See this one today!
CREB® has released its Q2 2023 Housing Market Report. The report highlights a dynamic real estate landscape in the City of Calgary, showcasing strong trends in sales, demand and pricing.
As expected, sales activity has slowed from last year’s record-breaking pace while staying stronger than long-term trends. What was not expected was the robust demand in the higher price segments of the market despite higher lending rates.
However, the robust demand is met with a shortage in supply. Housing inventory levels have remained notably low across various segments, encompassing the resale, new home, and rental markets. Despite relatively strong new home starts, these have not been sufficient to alleviate inventory constraints, primarily due to the influx of migrants. Resale supply has also encountered unexpected challenges, as higher lending rates and limited choices in supply have deterred existing homeowners from making changes.
The prevailing shortage in supply has contributed to the continuation of tight market conditions, which has led to stronger-than-expected price growth across all property types in the city. This steady appreciation in prices throughout the year has effectively offset declines observed in the latter half of 2022, ultimately resulting in new record-high prices.
For the full report, please download CREB®’s Q2 2023 Calgary & Region Quarterly Update Report here.
With a proven track record and market insights, I can help you get the best value for your property.
Quick Fact: Upgrading your kitchen and bathrooms is a smart investment when selling your Calgary home, as it can significantly increase its resale value!
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Where you can optimize your work environment with ergonomic furniture, harness the power of natural light near your desk, and boost your efficiency by regularly decluttering!
Useful Tips:
Ergonomic Setup: Invest in an ergonomic chair and desk to maintain good posture and reduce strain during long working hours.
Natural Light Boost: Position your desk near a window to harness natural light, enhancing focus and mood.
Declutter Regularly: A tidy workspace enhances productivity. Take a few minutes each day to declutter and organize.
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