Posts Tagged ‘Add new tag’

Housing affordability in Alberta improves, bucks national trend

Monday, March 15th, 2010

Construction of new homes in Auburn Bay S.W.on Monday, January 11.


Construction of new homes in Auburn Bay S.W.on Monday, January 11.

Photograph by: Archive, Calgary Herald

CALGARY – Housing affordability improved in Alberta in the fourth
quarter of last year amid slower economic recovery, compared with other
regions across the country, according to the latest housing report
released today by RBC Economics.

“The downturn in the housing market has created a large surplus of
homes available for sale. This has held back the pace of price
increases in the province since the market rebound took effect,” said
Robert Hogue, senior economist, RBC. “This subdued pace has kept
Alberta’s affordability in check.”

The RBC Affordability measures for Alberta, which capture the
proportion of pre-tax household income needed to service the costs of
owning a home, declined across all housing types in the fourth quarter
of 2009. The measure for the detached bungalow benchmark moved down to
33.7 per cent (a drop of 0.4 percentage points over the previous
quarter), the standard townhouse to 25.8 per cent (down 0.4 percentage
points), the standard condominium to 22.5 per cent (down 0.1 percentage
point) and the standard two-story home to 37.9 per cent (down 0.2
percentage points).

The Calgary housing market continues to be attractive with
affordability measures at or below long-term averages, said RBC. The
strong rebound in resale activity slowed last summer and has reversed
since the fall. However, the tight availability of homes for sale in
Calgary has continued to provide a slight advantage to sellers, moving
housing prices in a slight upward trend, said the report.

“With the exception of townhouses, price gains in the Calgary market
have still been relatively modest and below the highs seen in 2007,”
added Hogue.

© Copyright (c) The Calgary Herald

Avalon unveils first Net-Zero home

Monday, March 1st, 2010

At first glance, it looks like any other new home.

Avalon Master Builders’ Discovery 4 House is a quaint two-storey with cedar shakes and stone detailing, an eye-catching crimson door, grey siding and a spacious front deck.

But upon closer inspection, there are other, more unexpected details as well — solar panels on the roof, solar thermal panels framing the windows and a solar thermal balustrade offer just a hint of what this forward-thinking home is all about.

“The Discovery 4 House is the culmination of years of work towards meeting our vision of building Net-Zero homes at no additional cost to consumers by 2015,” says Ryan Scott, Avalon’s CEO.

“This was a really interesting challenge, but once you look around, you’ll see it’s come together really, really well.”

The home — which is currently located on the SAIT campus, but will move to its permanent home in McKenzie Towne this spring — offers not just new technology, but old favourites as well.

The front foyer looks to a sunny dining room at right, where honey-hued maple hardwood comes with a history.

Reclaimed from a school gym in Canmore, the flooring is not only attractive, but eco-friendly.

At the back of the home, an L-shaped kitchen is outfitted with espresso-hued, shaker style cabinetry, along with a central island and corner pantry.

A spacious dining nook, private back entry and convenient laundr y room and half-bath complete the thoughtfully-planned main floor — however, there’s more to this space than meets the eye.

“What you don’t see is the structural insulated panel walls, which give you a much more consistent building envelope,” Scott says.

“It also gives you more than double the insulative properties for the same thickness. We also have triple-pane, low-E, argon-filled windows and LED lights, which are very efficient.”

The same standards apply upstairs, he adds, where environmentally friendly carpeting is plush underfoot, and where two secondary bedrooms, a generous full bath and a welcoming master bedroom await.

With its cosy, attic-inspired feel and a sunny, spacious ensuite, the master bedroom is an inviting space to relax much like the rest of the home.

“The house feels comfortable, like a normal house,” Scott says.

“It’s simple to operate and comfortable to live in.”

And even better, the Net-Zero home creates all the energy it consumes on an annual basis through its innovative use of photovoltaic energy, solar thermal energy and eco-friendly technologies.

But even with the space-age sounding extras, Ald. Bob Hawkesworth says the home is perfectly livable, and serves as a reminder to home buyers of just what’s possible in modern home design.

“One home may seem like a small step, but when you think about it, that’s how real change happens — with one small step,” he says.

“I see not just Calgary’s first Net-Zero home, I see the future it represents.”

FAST FACTS BUILDER: Avalon Master Builder AREA: Currently at SAIT, moving to McKenzie Towne this spring. PRICE: $550,000 including lot, landscaping and double-car garage. DIRECTIONS: Take 16 Ave. to 12 St. N.W. Turn into SAIT campus. Turn right at traffic circle and follow to Discovery 4 House. HOURS: Monday to Thursday, 4 to 8 p.m., weekends and holidays, noon to 5 p.m. CONTACT: For information, visit


Friday, January 15th, 2010

Would you like to use your own Mexico condo for 12 weeks a year and still have positive cash flow? Ask me how….

The condo is a hotel condo. As an owner you are allowed to use your unit for 12 weeks a year. When you are not using your condo it goes into a rental pool which produces a profit of 6% at 60% occupancy. Currently the Marival Resort is running at 85% occupancy to it is predicted that the New Residences will achieve similar goals. The rental pool is organized by Marival through Air Transit and similar all inclusive holiday companies.

This is not a timeshare or fractional ownership. It is your vacation property that you allow Marival to sent out and take care of for you. You are committed to 7 years in the rental pool. After 5 years you can opt out or stay in the pool. Either way your unit will be refurbished and you will have a brand new unit! By the way, when you are down there at your unit, if you decide to go all inclusive during part or all of your stay, there are extra perks like free golf at several courses and some water sports. There is full concierge service and many discount offers on things like tours and car rentals etc. If you would like more information please contact me.


Housing market blossoms in spring

Thursday, June 18th, 2009

There’s little mystery why Canada’s housing market has seen a rebound in sales this spring.

“Record-low mortgage rates have unleashed pent-up demand that accumulated last year when previously soaring prices closed the door on first-time buyers,” said Sal Guatieri, senior economist with BMO Capital Markets, in a research report released Friday.

“After a harsh winter, spring has come surprisingly early to Canada’s housing market. Sales have rebounded from a lengthy slumber and prices have firmed,” he said.

“While it’s doubtful that the housing train has left the station without a recovery on board, the data support our long-held view that the Canadian market is merely correcting, not busting.”

In Calgary last month, historic low mortgage rates combined with less expensive homes compared with a year ago sparked activity in the local real estate market. May witnessed the first year-over-year gain in single-family MLS sales since September and since April 2007 for condos.

“We need to be cautious about declaring a firm bottom is at hand, but the improvement in recent months is an encouraging shift,” said Bonnie Wegerich, president of the Calgary Real Estate Board, when the May numbers were released. “All signs indicate we are moving to a balanced and stable market. Consumer confidence is improving, prices are holding steady and inventory is trending downward.

“I think some buyers are trying to predict the bottom of the market. The reality is if you spend too much time trying to anticipate the bottom, you miss out on choice and selection.”

There were 1,584 single-family home sales last month, up 15.8 per cent from May 2008, while the condo market saw 653 sales, representing a 13.2 per cent hike from a year ago.

The average sale price for a single family home in May was $436,427, while for a condo it was $275,212, compared with $426,311 for a singlefamily home and$277,491 for a condo in April.

The prices are off from year-ago levels when the average was$479,564 for single-family homes and $311,816 for condos. Single-family prices are off by nine per cent, while condo prices are down by nearly 12 per cent from last year.

At the national level, Guatieri said despite massive job losses, demand has firmed for housing, even in Ontario and British Columbia and, to a lesser extent, in “boom-bust” Alberta.

“The surprising upturn in sales, coupled with fewer listings, has tilted the market back towards balance from the buyers’ haven of last year,” he said.

By Mario Toneguzzi, Calgary HeraldJune 13, 2009


Downtown Condo with a View

Thursday, May 7th, 2009

Welcome to your bright & clean 1 bedroom apartment located on the 14th floor of Discovery Point. This open concept unit offers a spacious kitchen with maple cabinetry and large breakfast bar. The spacious living room leads out to the private balcony which offers city/river views with enough space for a table and a BBQ with gas hook-up. The master bedroom has a double sided walk-through closet with a cheater door to the bright 4 piece bathroom. This unit also offers 1 titled underground parking stall and in-suite laundry. Discovery Point is well situated in the West area of Downtown with easy access to the C-Train, bike, walking paths, restaurants and shopping. Enjoy the benefits of a part-time concierge service, fitness room, games / party room and a sauna.

For more information or to book a showing call the Home Sweet Home Team at 403-524-6926


The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.