Artist rendering of The River.
Photograph by: Courtesy , The River
CALGARY — A luxury condominium in the new The River project has sold for a record $8.99 million, the most expensive sale ever in the Calgary market for a condo.
The penthouse unit is 5,626 square feet with 2,950 square feet in additional outdoor space.
Earlier this year, a 5,260-square-foot ...
Posted by Julie Vesuwalla
on May 26, 2012
HOME SWEET HOME! This elegant 2 story home backing onto a walking path is sure to please. The main floor would not be complete without a spacious family room with fireplace, dining room, flex room and updated kitchen. The large kitchen boasts new Samsung stainless steel appliances, new granite, and huge island. The good size breakfast nook gives access to a beautiful deck with glass privacy walls with ...
Posted by Julie Vesuwalla
on April 26, 2012
CALGARY — There could be fewer conditionally sold stickers on for sale signs in Calgary’s real estate market this year.
Not because of declining sales, though.
A new rule change implemented by the Calgary Real Estate Board gives the seller of a property the option of keeping the conditionally sold sticker off the sign when there is a conditional offer. As well, the seller has the ...
Posted by Julie Vesuwalla
on January 10, 2012
Increase in upper-end condo, single-family sales
CALGARY — Calgary’s luxury home market has seen a spike in demand this year with sales in the upper-end approaching the record levels of 2007.
Brendan Hughes, a realtor with RE/MAX Real Estate (Central) in Calgary, said sales in the upper-end market are a sign of a good economy in the city.
“It’s vibrant and it’s growing. ...
Posted by Julie Vesuwalla
on December 12, 2011
CALGARY — Sale prices for Calgary homes which have sold more than once remained stable in August, according to a report by the Teranet-National Bank National Composite House Price Index.
The index indicated prices in Calgary were up 0.7 per cent from July and up 0.8 per cent from August 2010.
The index is estimated by tracking observed or registered home prices over time using data collected ...
Posted by Julie Vesuwalla
on October 31, 2011
At some point we all need someone to lean on. For a few mortgage applicants, that someone is a co-signer or guarantor. If you’re expecting to use someone else to help you finance your home it’s important to be aware of the differences between a co-signer and a guarantor so let’s clear those up.
Despite the fact that people often use both terms interchangeably ...
Posted by Julie Vesuwalla
on September 29, 2011
CALGARY — The average price of resale homes in Calgary topped $400,000 in August, according to a report released Friday by the Conference Board of Canada.
The board said all residential property sales in the city hit an average of $404,755 during the month, up from $391,497 a year ago.
The seasonally-adjusted annualized rate of sales also jumped to 22,092 from 18,816 in August 2010.
And ...
Posted by Julie Vesuwalla
on September 28, 2011
CALGARY — Are we looking at another residential condominium boom in the city?
This weekend two high-profile projects launch sales initiatives on the next phases of their developments to capture the renewed interest in the market.
Keynote Urban Village is opening its doors Saturday to a new show suite for its Residential Tower Two project in the east Beltline area while University City on ...
Posted by Julie Vesuwalla
on September 28, 2011
CALGARY — The Calgary region’s homebuilding industry is forecast to see a rise in activity.
The Conference Board of Canada said Friday that short and long-term expectations for housing starts in the Calgary census metropolitan area were both positive.
A year ago, the board said the seasonally-adjusted annual rate of housing starts for the Calgary CMA was 9,541 units.
Now in August, ...
Posted by Julie Vesuwalla
on September 19, 2011
Welcome Home! There is absolutely no work to be done here! Your fully finished home has been impeccably maintained. Upstairs there are 3 good sized bedrooms, large closets & 2 full baths. The very sunny open plan main floor consists of a living room, dining room, kitchen, pantry & 2 piece bath. In the basement there is one large room divided into a family room, an office & a playroom as ...
Posted by Julie Vesuwalla
on July 18, 2011