A few months back now we saw the initial designs for the remaining sections of the ring road. Alberta Transportation has now released two amazing animations that show full details.

 

This answers a lot of questions clients have had about access points and location respect to various property.

 

The videos were created by Alberta Transportation.

 

69th st to Macleod (South Portion)

 

 

Transcanada to 69th St (West Portion)

 

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Original owners. This exceptionally well maintained, clean home in Hawkwood is well designed to take advantage of the south facing backyard and ample light. The main floor includes a large kitchen wrapping around the centre island, eating nook, family room, dining room, living room and main floor office. Up the grand staircase 3 bedrooms including the master with 5 piece bath, additional full bath and laundry complete the level. The fully finished walkout basement offers a large rec room, 2 bedrooms, full bath and access to the amazing backyard. Landscaped with love over the years, this oasis is unlike most you will find. Enjoy the rooftop mountain view from the upper deck or the garden details from the lower patio. The stonework and mature plantings are gorgeous. Updates include replacement of all Poly B piping with new pex lines, over 34 window glazing panes replaced with double pane and a new roof. Air conditioned. This Hawkwood home close to amenities, schools and transit is move in ready.

 

Property details, photos, video and floorplan for 42 Hawkdale Circle NW.

 

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This Tuscany home with west facing backyard is exceptionally clean, painted in neutral colors and move in ready. With hardwood on the main floor, the floor plan flows from the entrance to the back deck. Beyond the front entrance is a den/office to the right and spacious mud room to the left. Beyond the stairs is the open concept large kitchen with corner pantry and substantial island with breakfast bar, the living room and dining area. The large windows let in ample light and the raised back deck is a perfect place to relax in watching the evening sun over the mountains. The upper level provides a huge bonus room, master bedroom with 4 piece ensuite and a skylight over the ensuite tub, 2 more bedrooms, a full bath and a bright laundry room. The unspoiled basement is very well laid out and open. It is a raised basement so the back windows are unusually big. Basement bathroom is roughed in. Double attached garage. Close to amenities, schools and transportation. Tuscany LRT opening Aug 25.

 

Property Details for 145 Tuscany Reserve Rise NW Calgary

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In the last couple of weeks I've surprised a few buyers and sellers with information they didn't know but absolutely needed to know to avoid some major surprises.

 
1. Dower Rights. If you are legally married and purchasing a property only in your name you need to understand Dower Rights in Alberta.  You can buy the property without a blink but to sell the property you will require the signature of your spouse, even if you haven't seen then in 14 years and they live in the Arctic. 
 
2. If you sell your home and you have moved outside of Canada you need to be aware of tax implications. If you are no longer a resident under the Canada Income Tax act then 25-50% of sale proceeds can be withheld on closing until you file appropriate paperwork.  
 
Some folks think they can just avoid resolving these issues and list their homes anyway. You can't. They are a legal reality. You can absolutely address them, prepare for them and find a resolution and then move forward, but legal advice and some extra paperwork are sure to be required.
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The real estate sales numbers for July are very strong with record levels for the month of July being posted.

The good weather is sure to cause a bit of a lull and we are now looking at more balance in the upper price points of the single family market and some more balance in the condo market. This is a common summer scenario with many folks focusing on summer holidays and weekend plans, they are delaying their home buying / selling decisions. The shift to a more balanced market is also due to a continued rise in new listings through July. The peak of new listings was actually in June so that trend has also started to level out in July so we will see how inventories respond now in August. September tends to be a busy month as well in general terms.

The shift away from a strong sellers market is sensational news for buyers. Don't look for price drops though, this is just a slowdown in the speed of increase.


So what does this mean for sellers? It may mean more competition in some segments and over priced homes will just not get the attention required to sell. New construction and development pricing has already been steadily rising so we will see if that pricing begins to stabilize as well.

Selling strategy and marketing are as important as ever for those listing their homes.

There are over 7000 multi family units under construction in Calgary. Much of this is closer to the city core with the push to move closer to work fueling the construction as well as the development of the East Village.

The other interesting numbers tidbit this month was the release of the 2014 City Census. Between April 2013 to April 2014 our city grew by 38,508 people. This is a huge part of the demand for rental accommodation and sales. The communities with the most growth included Saddleridge, Auburn Bay, Cranston, Skyview Ranch, Evanston, Panorama Hills, Aspen Woods and the Beltline.

 

The Census also is showing significant construction and growth is happening in the inner city and not just in the suburbs. Calgary is clearly changing and adjusting to new home demand patterns.

For all your real estate needs please contact me at Monika@monikafurtado.com or 403.850.2446.

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