Bidding Drives Home Sale to $6 Million, 3rd Highest in Calgary
Filed Under Buying, Calgary News Articles, Calgary Real Estate, Calgary Real Estate News, Contributors, Selling · Tagged: Calgary Real Estate, Calgary Real Estate News
Calgary Real Estate News
It is a testament to Calgary’s strong luxury home market.
An upscale Britannia home recently sold for $6 million in just days, as multiple bids upped the price by $1 million from its original listing, making it the third most expensive MLS sale ever in the city, the Herald has learned.
The custom-built twostorey-plus sandstone estate property has more than 10,000 square feet of development with a third-level observatory loft and an elevator.
According to the Calgary Real Estate Board, the top two MLS sales ever in Calgary are for $10.5 million in Elbow Park/ Glencoe in August 2009 and $8 million in Crescent Heights in June 2008.
The Britannia property was listed and sold by Rooney Cronin + Valentine of Re/Max Real Estate Central. Sue Anne Valentine was the listing agent and Donna Rooney was the buyer’s agent.
Valentine and Rooney were also the listing agents on the record sale in 2009 of the $10.5-million property once owned by former Calgary Flames goaltender Mike Vernon.
Bidding Drives Home Sale to $6 Million, 3rd Highest in Calgary – Calgary Real Estate
Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________
Calgary Housing Market Booming
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Calgary Real Estate News
Just over three weeks into April and it appears Calgary’s housing market has seen a resurgence of activity this spring.
A boom perhaps?
According to the Calgary Real Estate Board, MLS sales in all housing categories are noticeably up compared with last year.
From April 1-22, single-family sales of 1,108 transactions are up 26.05 per cent from the same period a year ago but the average sale price has dipped by 0.43 per cent to $481,423.
The condo apartment category has seen sales grow year-over-year by 14.91 per cent to 262 units while the average price has dropped by 2.83 per cent to $269,046.
And in the condo townhouse sector, sales of 198 are up 15.79 per cent from last year and the average price has risen by 6.46 per cent to $319,140. Want to read more in depth on this article? Just click the link below.
Calgary Housing Market Booming – Calgary Real Estate
Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________
Calgary House Price Gains Slower Than Other Centres
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Calgary Real Estate News
CALGARY — Calgary house price gains compared with a year ago were slower than many other Canadian regions, according to the MLS Home Price Index released Friday by the Canadian Real Estate Association.
CREA said the index in Calgary in March was up 2.62 per cent from March 2011.
The MLS HPI is based on single-family, townhouse/row unit, and apartment unit sales activity in Greater Vancouver, Fraser Valley, Calgary, Greater Montreal, and Greater Toronto.
Greater Toronto led the country with an increase of 7.35 per cent followed by Greater Vancouver at 5.27 per cent.
The aggregate change of those centres surveyed was 5.09 per cent. Want to read more in depth on this article? Just click the link below.
Calgary House Price Gains Slower Than Other Centres – Calgary Real Estate
Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________
Housing Prices Cause Financial Worries for Affluent: Researcher
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Calgary Real Estate News
A leading researcher of Canadian cultural trends says extravagant prices for homes in Toronto and Vancouver could be a reason why nearly a quarter of Canadians polled who earn $100,000 a year or more have concerns about meeting their financial obligations.
A survey done for the Association for Canadian Studies found 22.8 per cent of respondents in this income category were at least somewhat worried about their ability to pay monthly bills.
“Initially, I was kind of like, ‘Really? Jeez, that’s surprising,’ ” said Jack Jedwab, executive director of the association. “But then when I looked at the geographic data, it occurred to me that the people worried most about paying their monthly bills are in Ontario and British Columbia.”
Indeed, 51.5 per cent of Ontario respondents were at least somewhat worried about paying their bills. This was true for 50.5 per cent of B.C. residents. Want to read more in depth on this article? Just click the link below.
Housing Prices Cause Financial Worries for Affluent: Researcher – Calgary Real Estate
Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________
Record $8.3M Sale Sealed at The River Condominium
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Calgary Real Estate News
When it comes to buyers at The River condominium project, bigger has been better.
To date, 14 of the development’s 38 available units have sold, including four sales of more than $5 million – and one for a record $8.3 million.
Buyers haven’t been shy about buying up the bigger units, said Anne Clarke, director of sales. The 4,400 square foot units have sold out on three floors. Half of the project’s penthouses – ranging in size from 5,300 square feet to 5,600 square feet – are also gone. Want to read more in depth on this article? Just click the link below.
Record $8.3M Sale Sealed at The River Condominium – Calgary Real Estate
Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________
Calgary’s Housing Market Soars in April
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Calgary Real Estate News
CALGARY — It was a very busy April for Calgary’s housing market.
According to the Calgary Real Estate Board, overall residential MLS sales in the city of 2,200 for the month were up 26.07 per cent from April 2011 and the average sale price of $429,388 increased by 1.95 per cent from last year.
Carrie Pepper was one of the many caught up in the April activity as she bought a condo in the Thorncliffe-Greenview neighbourhood.
“I wasn’t even planning on buying. I was looking for two months maybe. I found a lot of places that were good prices,” said Pepper who looked at about 10 properties.
“I didn’t want to rent because it’s so expensive. So why not buy?”
She said continued low interest rates played a role in her decision.
“That was huge. This is my first time buying. I know it’s a good time to buy right now,” added Pepper. Want to read more in depth on this article? Just click the link below.
Calgary’s Housing Market Soars in April – Calgary Real Estate
Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________
Housing Flat Amid Debt Worries
Filed Under Buying, Calgary News Articles, Calgary Real Estate, Calgary Real Estate News, Contributors, Selling · Tagged: Calgary Real Estate, Calgary Real Estate News
Calgary Real Estate News
Sales of existing homes rose 2.5 per cent in March from the previous month, while prices declined 0.5 per cent year over year, the Canadian Real Estate Association said Monday.
On a seasonally unadjusted basis, sales were up 1.6 per cent from March 2011 levels, the smallest increase since April last year.
“It reflects moderate gains in a number of major centres, including Toronto, Calgary, Montreal, Ottawa, and Quebec City,” CREA said. “Increases in these housing markets offset larger declines in Vancouver and the Fraser Valley, where activity last year ran at unusually strong levels.”
The number of newly listed homes were down 0.3 per cent in March from February. Want to read more in depth on this article? Just click the link below.
Housing Flat Amid Debt Worries – Calgary Real Estate News
Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________
Maintenance-free Living but Can Calgarians Really Relax in their Condos?
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Calgary Real Estate News
CALGARY, April 18, 2012 /CNW/ – Calgarian condo buyers are the most likely in the country to prefer condos over houses because they involve less upkeep, but this maintenance-free lifestyle comes at a price as condo fees can fluctuate. The 2012 TD Canada Trust Condo Poll, which surveyed Calgarians who recently bought or intend to buy a condo found that 41% of Calgarians would need to look for a new place to live if their fees increased unexpectedly.
“For condo dwellers, the possibility of a fee increase can be a little unnerving,” says Jessy Bilodeau, Mobile Mortgage Specialist, TD Canada Trust. “While there’s no way to ‘lock-in’ to a monthly fee like you can with a mortgage, you can prepare for a fee increase by building a buffer into your monthly housing budget. That way if fees go up, it won’t be a major shock to your cash flow. If they don’t increase, you have extra money to put aside in savings or towards your mortgage. You can also explore flexible mortgage options that allow you to pay more towards your mortgage when you can, then, upon an approved application, ease off on payments when you need to. This can be a useful feature in the first few months of transition to a fee increase.”
The good news is that some Calgary condo buyers understand that monthly fees can increase at any time and have a plan: 24% have a buffer built into their current budget and 35% say they could cut back in other areas in the event of an increase. Drawn to condos because they require less maintenance (68%), are more affordable (40%), and are a good investment (27%), nearly three-in-ten (28%) Calgary condo buyers are willing to pay up to $200 per month in condo fees, 56% would pay up to $400 and 11% would pay up to $600. Want to read more in depth on this article? Just click the link below.
Maintenance-free Living but Can Calgarians Really Relax in their Condos? – Calgary Real Estate
Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________
What Calgary Needs
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Calgary Real Estate News
Mayor Naheed Nenshi is determined to get answers from politicians campaigning for the April 23 provincial election. Weeding out the candidates who can solve Calgary’s problems are important to him.
“Whoever can figure out what the City of Calgary needs is going to win the election,” he told reporters at an April 12 press conference.
What has become clear is that Calgary must change the way it works with the provincial government. It and other Alberta cities need the province’s help to provide police, water, roads, electricity, transit and affordable housing, to name a few. Want to read more in depth on this article? Just click the link below.
What Calgary Needs – Calgary Real Estate
Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________
Highland Golf Course Put Up for Sale for Redevelopment
Filed Under Buying, Calgary News Articles, Calgary Real Estate, Calgary Real Estate News, Contributors, Selling · Tagged: Calgary Real Estate, Calgary Real Estate News
Calgary Real Estate News
CALGARY — The golf course behind Wayne Carroll’s backyard has put up a for-sale shingle for would-be condo developers. Asking price is $11.5 million.
He’d rather the Highland Golf and Country Club’s nine holes not get redeveloped, but given how close the site is to downtown Calgary, he said he’s trying to be realistic and not think of his northern and western vistas.
“It’s selfish reasons, and I don’t know if I should be selfish,” the 20-year resident of Highland Park said. “At some point in time, a space of this particular nature has to be used for residential purposes.”
The idea plays right into city hall’s mantra of redeveloping existing areas instead of outward sprawl — and would leave Calgary with about two dozen remaining public and private courses for duffers inside city limits.
Any buyer of the nine-hole course would become Calgary’s second developer trying to turn fairways and greens into a tree-ensconced neighbourhood. But from the sound of early community reaction, its developer may not see the same pushback as the builder of the now-closed Shaw-Nee Slopes course has faced. Want to read more in depth on this article? Just click the link below.
Highland Golf Course Put Up for Sale for Redevelopment – Calgary Real Estate
Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________
