On the ridge at Signal Hill Point, this exceptional 5 bedroom, renovated (2014), estate home overlooks panoramic views from downtown Calgary, the Reservoir and to the mountains. A stunning curved staircase leading from the bright walk out basement to the upper level. The brand new kitchen includes Bosch double ovens, gas cooktop, all stainless appliances, custom cabinets, marble backsplash and quartz counters. 4 bedrooms upstairs including the master suite with stunning views. The master bath offers heated marble floors, glass enclosed shower, free standing soaker tub and double sinks with custom cabinets. The oversized triple garage with exposed aggregate driveway provide ample parking. The fully finished walkout basement includes a 5th bedroom, full bath and very large, bright open concept rec room. Extensive renovations from the new Euroshield rubber roof, New 35 ft wide composite deck with stairs, all new Pex piping, upgraded electrical, new kitchen, new master and main baths and much more. Highlights include: Pex piping throughout, upgraded electrical, sewer backflow preventer, kerdi and ditra waterproofing behind showers and under tile floors, Euroshield rubber roof, 35 ft wide Timbertech composite deck with glass rails and stairs, triple pane windows, all exterior and interior paint and trim, hardwood floors, custom kitchen and baths. A perfect place to watch the sun rise over the city. 

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Last month I posted my update and the next day the new mortgage rules were announced, so I waited this month and today is a day after the USA election results.

While folks are in various states of happiness or concern regarding the results, the one positive takeaway is to note that Keystone may be back on the table and that is a great possibility for Alberta. Enough about that.

Locally, the October numbers were strong with sales returning to 'normal' levels. City wide sales increased nearly 16% over last year. Detached homes especially are going strong. However, at the same time prices have continued to edge downward. The price variance is highly dependent on price point, property type and location. Strongest sales remained in the lower priced detached markets. Meanwhile, high apartment inventory continues to impact this segment the most.

With some many large scale events on the horizon, I'm not going anywhere near a general prediction for our market. I can, however, give you prudent, detailed and realistic independent advice and information to help you guide your next decision. I've provided numerous past and future clients with market information recently and we have been able to plan their next steps to ensure their goals are met.

For those in the market for a new home, please ensure you speak to your lender and have a pre-approval ready to go. More sellers are requesting confirmation of financing as they review offers during this changing financing environment. If you aren't aware of the new rules and have an older approval please give your lender or me a call for more information and an approval update.

May the snow stay away another week!

Cheers,
Monika