Interested in what is happening in your neighbourhood or one that may soon be home? Check out some of the community newsletters published by Suburban Journal.
 
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See you this weekend between 2 and 4pm at this 'Alan Ridge Homes' 2006 home in Crestmont.
 
This 2300+ sq ft home is tucked away on a quiet street in the estates area of Crestmont. With granite counters and stainless steel appliances in the kitchen, formal dining and living rooms, den/office and a huge master bedroom with separate reading area and massive walk-in close, this may be the home you have been looking for. The home has 4 bedrooms above grade and room for more to be developed in the unfinished basement.
 
See you at 20 Crestridge Way this Saturday.
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The Tuscany Community Association is hosting the 2nd annual Tuscany Race and Chase on Sept 12. Registration is now open.  For more information and registration visit the TCA website and click on the race and chase logo in the top right.
 
9am – 11am THE RACE
What: Race with your fellow Tuscany residents along our beautiful trails. There are both 5km and 10km hand-timed races for those who love to run. If you’d like to walk with friends, your children and neighbours, there is also a 5km walk.
 
11am – 4pm THE CHASE
What: Gather a community team of 4 family or friends to compete in  Tuscany’s version of the famous Amazing Race. Participants will move through a variety of stations around Tuscany, testing their athletic, problem solving and mind-based abilities. Participants must be 6 years of age or older.

 
3pm – 6pm THE BARBECUE
What: Come, hang out and have a great time at our community wrap-up BBQ. There will be lots of food and drinks, along with a variety of fun activities for all (face painting and wall climbing, to name a few).
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When working with buyers to help them find the perfect property, price and financing options are often one of the first areas of discussion. 
 
Getting pre-qualified is the initial step in the mortgage process. A lender may generally ask you a number of basic financial questions and based on that information provide you a general statement of qualification. This process is based on a general income to debt ratio and does not look at your specific financial history, credit score or review the information you have provided. You will receive a ballpark price figure, but one that is not based on your personal situation. Do not begin looking for homes with just a pre-qualification.
 
Getting pre-approval is much more involved. You will be asked to fill in an application, provide income verification, funds verification, account information and your credit history will be reviewed. You will also most often be able to lock into the current interest rate or the lowest rate between today and your day of purchase within a set time from (usually 90 to 120 days). You will have a solid idea of your potential mortgage amount following a pre-approval.  (Note: a final mortgage is always dependent on the specific property to be purchased, so even with pre-approval you should include a financing condition in your offer to protect yourself.)
 
The advantage of a pre-approval is that you save time by looking at the right homes and you gain confidence in preparing an offer and avoiding disappointment by last minute loan surprises.
 
A final note: Once you are pre-approved, do not do anything that would affect your ability to purchase such as: being late on payments, making large purchases on credit, changing jobs (if you are in probation you will not qualify), or applying for new credit. This means no furniture shopping or planning of vacations until AFTER you take possession of your house!
 
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Reading through the West LRT website, I came across the route animation for the west LRT.
For folks that have been asking me about routes, stops, etc, this is a great resource to see exactly where the LRT will go, where stops will be and how it will all look.  
 
The site also provides additional information on the Sarcee Interchange, West Calgary High School, Shaganappi Point Golf Course, Telus World of Science, construction and ongoing updates.
 
With such a an exciting new project coming to the west side of Calgary, give me a call if this area is one you would now consider when looking for your new home.
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I will be hosting an Open House on Sunday, June 13th from 2:00pm - 4:30 pm at 12 Royal Birch Point.
 
Come out on Sunday and have a look at this great 3 bed/3 bath family home which backs onto greenspace and is across the street from ravine walkways.
Only 2 blocks from the new Royal Oak School entrance, this beautiful "Morrison Homes" home features: Island Kitchen with raised breakfast bar, Hickory Cabinets, Maple hardwood floor, 'Solor Guard' windows, Gorgeous gas Fire place with River-rock facing, Bonus room with 10' ceiling and the list goes on and on.
 
 
 
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Tuscany is hosting the annual community garage sales tomorrow, June 12th. Come out, find some great deals and check out the neighbourhood.
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This past weekend I hosted an open house in Silver Springs. It was a relatively quiet day and near the end of the afternoon I had the opportunity to meet Brian, the owner prior to the current owner, who built the house and lived in it for many years.  He sold it a couple of years ago to a couple of students at the University but prior to that he had raised his family there, did many of the current renovations and made many memories. He came back to see what it looked like, something I think many of us would like to do at times after moving on.
He looked at it so differently than it presented itself. He saw the 'home' in this house. After hearing about his life, his hard work, building the front rock wall for the garden with his son-in-law, and the story behind the new front bay windows, I too saw it through his eyes.
I know this house will soon find a new owner and I hope they too make it a home, worthy of Brian's stories and the centre of many years of new memories.
 
Thank you Brian. You made my day. Keep in touch.
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Preliminary grading work for the Rocky Ridge/Royal Oak and Tuscany LRT Extension has just begun.
 
Although LRT construction is not scheduled to begin until 2012, The City has chosen to take advantage of the material available from the Stoney Trail/Crowchild Trail interchange construction and use it to build up the Tuscany Park and Ride site. This will save time and money for both The City and the Province as a result of reduced transport and storage costs.
 
The project will also be hosting two upcoming Open Houes to provide more information to the public about the LRT Extension. The first Open House is to be on June 10 from 5-8pm at hte Rocky Ridge Ranch Homeowners Association located at 10709 Rocky Ridge Blvd NW. The second is to be held on Tuesday, June 15 from 5-8pm at hte Tuscany Elementary School located at 990 Tuscany Drive NW.
 
Attendees will have an opportunity to view preliminary landscaping and pathway connections plans, the final station design and updated parking facility layouts, and to provide comment on the proposed station name. Transportation Infrastructure staff will be in attendance to answer questions about the project.
 
For more information on the LRT expansion to the NW visit the project blog.
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Read a few articles in order and an interesting opportunity arises:
 
Over recent weeks there have been a number of reports published by REIN, the Calgary Herald and others that point to a number of dynamics in the City that when taken together paint an unique picture.
 
Firstly, listings are up and sales are down for the month of May - see my last blog of details
 
 
Thirdly, in April REIN published the updated 2010 Calgary Transportation Effect report which predicts increases in real estate values related to major transportation improvements in the NW.
 
If you considering real estate as an investment, you may wish to look at these three phenomenon and see if there are properties on the market in the NW that can contribute to your portfolio. If some buyers are holding off a purchase, they still need somewhere to live and they may choose to rent from you.
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The Calgary Real Estate Board (CREB) today released the statistics package for residential sales in May for Calgary.   Some interesting dynamics are creating some numbers that can be misunderstood and I noticed in today's news that the presentation of the numbers may be misleading to some folks if taken out of context.
 
The average price of homes in Calgary have increased by 11% for single family homes from May 2009 and 5% since April 2010, but please note that this is because there were more "move up" buyers meaning that folks purchased more expensive property. This does not mean that the average price of the same home is worth 11% more today than last year.  In fact, the higher levels of inventory and lower sales may indicate that some markets may be seeing a move towards a buyers market from the balanced market we have been experiencing.  The prospects for Calgary are positive, and the interest rate conditions and changes to lending policies have created a somewhat unusual spring market.
 
The current market in Calgary reads differently for various neighbourhoods, property types, and price points. Some markets are seeing a seller's market, while others a buyer's or balanced market. The general statistics are not enough to determine how to price a property for sale or what to offer as a buyer. As usual, please don't hesitate to contact me with any questions or concerns.
 
Full CREB MLS Public Statistics Package
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