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Calgary Luxury Home with Golf Course! $13,950,000
Listed at : $13,950,000. One of the most prestigious residential luxury properties in Alberta right now, with a golf course. Just 25 minutes to downtown Calgary. With 19.2 acres of land in Bearspaw. Very close to city limits with good access to the airport, etc. Just 10 min drive from Watermark.
An ideal investment for the right buyer. Listed by CIR Realty. Call Geoff Antrum at 403 608 5682, REALTOR® at CIR Realty, who lives in Watermark for an appointment, or have questions. (ps buyers have to be qualified for a purchase of this size)
https://searchcalgaryhomes.ca/.../listing.a2051257-24314...
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How do buyers make offer in Calgary market? Muitiple Offers are common.
Buyers need to be informed when making an offer on property in Calgary. For the typical purchaser the days are gone where you can make "low ball offers". The buyer should be asking are we in competition? Are there multiple offers?  If the property has just been listed the seller is expecting full list price, or more. If the property is in good location, in great condition and priced for the market then expect multiple offers. 3 to 5 offers are not uncommon, or even more. It can be frustrating for buyers, but due to low inventory, buyers have to account for competition. 
Useful Advice for mutiple offer situations
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Average Sold Price Calgary Housing - July 2023

Chart shows average sold price for last 3 years. (year to date)


City of Calgary, July 4, 2023 - The housing market in Calgary witnessed a surge in apartment condominium sales, setting a new total residential record with 3,146 sales achieved in June. Although year-to-date sales are currently 23 percent lower than last year, they remain significantly higher than pre-pandemic levels. Notably, there hasbeen a positive trend in new listings, providing relief and a monthly increase in inventory levels. However, despite these improvements, the inventory for June stood at 3,458 units, marking a decline of over 36 percent from last year and reaching the lowest levels for June in nearly two decades.

“The demand for housing remains robust, bolstered by a healthy labour market and increased migration levels, which helps offset the impact of higher lending rates,” said CREB® Chief Economist Ann-Marie Lurie. “Although we have seen some recent improvements in new listings, particularly for apartment condominiums, it is not enough to cause any substantial change from the low inventory situation in our city.
While new home starts are on the rise, it will take time to observe their impact on supply.” With a supply of just over one month, the  current market conditions continue to favour sellers, placing upward pressure on home prices. In June, the total residential benchmark price reached $564,700, representing a monthly unadjusted gain of one percent and four percent higher than last year's levels.

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I have sold a property at 425 Huntley WAY NE in Calgary

I have sold a property at 425 Huntley WAY NE in Calgary. See details here

Just steps to a playground & only minutes to schools is this beautifully renovated bungalow in the popular family community of Huntington Hills. Nestled on this wonderful 7300sqft+ pie lot, this warm & inviting home is ready & waiting to welcome a brand new family, & enjoys 5 bedrooms & 2.5 bathrooms, stunning open concept kitchen with granite counters, 2 fireplaces & sunny Southwest-facing backyard with oversized 2 car garage & RV parking pad. You'll simply love entertaining or spending time with the family in the expansive living room with its wood-burning fireplace & picture windows, which leads to the spacious dining room & updated maple kitchen with granite counters & undercabinet lighting, custom cabinets featuring pull-out pantry & island with pot drawers, tile floors & Maytag stainless steel appliances plus Samsung stove with double convection ovens. Hardwood floors in the 3 main floor bedrooms...all which have great closet space; the master also has an ensuite with above-counter sink & the family bath has granite-topped vanity & shower/tub with slate surround. The lower level is beautifully finished with 2 more bedrooms, rec room with fireplace, games area with alcove for an office & bathroom with air tub & separate shower, as well as your laundry room with front-loading washer/dryer & loads of storage space. The pie-shaped backyard is an amazing space where you can enjoy the great outdoors...complete with 2 patios - 1 with gas line for your BBQ, firepit, RV parking with gate & 24x22 heated 2 car garage with workbench & shelving. Additional improvements include exterior cement board/stone (2014), roof on garage (2014) & house (2008), windows (2013), flooring & kitchen/bathrooms (2010), Hunter Douglas blinds, covered aggregate front patio, hot water tank (2019) & interior paint. A simply outstanding home on this quiet kid-friendly crescent, with quick easy access to area shopping & parks, Beddington & Deerfoot Trails, airport & downtown.

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1) Reduce energy usage: switch to energy-efficient light bulbs, unplug electronics when not in use, and use a programmable thermostat to control heating and cooling.


2) Shop for better rates: compare utility rates and switch providers if a better deal is available.

3) Seal air leaks: check for air leaks around doors and windows, and seal them to reduce energy loss.

4) Conserve water: install low-flow showerheads and fix leaks.

5) Take advantage of off-peak hours: shift energy-intensive activities, such as laundry and dishwashing, to off-peak hours when rates are lower.

6) Invest in energy-saving appliances: upgrading to energy-efficient appliances can save money on utility bills in the long run.

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Calgary Affordability Advantage! Why would you move to Calgary?

Calgary affordability advantage is the reason Canadians are moving here. Want to start a family in an apartment in Toronto? Or come to Calgary for townhouse or detached home, with higher income & lower taxes!
The Calgary affordability advantage for the average family is outstanding. So when you look at the national news media and
hear that residential markets have dropped substantially, they are talking about Toronto, Vancouver, and other cities. The media does not often focus on the Calgary advantage. This is one of many reasons why Canadians are moving to Calgary. Plus we have jobs, high income, low gas prices & heating costs, and no PST!!!

This chart shows the trend for the three cities for benchmark sold prices, Year over year (1st Mar 2022 to 1st Mar/23).
It shows all residential, which is all housing types: including apartments, townhouses, semi-detached & detached.

Summary for All Residential Sold Benchmark Prices for 1st March 2023 (over past 12 months)

Calgary: $530,900 up 1.53%
Toronto: $1,095,617 down 18%
Vancouver: $1,123,400 down 9.3%

Moving to Calgary? Contact me at cell 403 608 5682, Geoff Antrum.
Realtor at CIR Realty

https://searchcalgaryhomes.ca/


Data provided by "Canadian mortgage trends", CREB and other real estate boards.

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Calgary Average Sold Price - March 2023

Detached: While supply continues to be low relative to demand for lower-priced homes, we are seeing conditions shift into balanced territory for homes priced above $700,000. Both sales and new listings reported significant year-overyear declines over last year’s record high. While the seasonal monthly gain did see inventories move up over the last two months, levels are still amongst the lowest seen in February, and the months of supply fell below two months. The average sold price so far in 2023 is higher than 2022, see chart above.

Semi-detached: Like the detached sector despite the seasonal monthly gain, both sales and new listings fell from last year’s record high. While inventories are starting to rise over the levels seen in the past few months, they remain amongst the lowest levels reported for February. The relatively low inventory levels caused the months of supply to fall below two months in Feb/23, while it is still higher than last year’s ultra-low levels, conditions.

Townhouse/Row: Conditions remained exceptionally tight in Feb/23 with only one month of supply and a sales-to-new listings ratio of 87 percent. While row sales have eased over record levels, they have remained relatively strong for February as demand shifts toward the affordable product in the market. The persistently tight conditions caused further upward pressure on prices.

Apartment: Sales for apartment condominiums did not see the same pace of decline as other property types in Feb/23 partly due to the level of new listings coming onto the market. Persistently strong sales compared to listings have caused February inventory levels to remain relatively low compared to levels seen over the past eight years and the months of supply once again dropped below two months. The tight market condition contributed to the upward pressure on Benchmark prices, but average sold price was similar to 2022.

Have any question contact Geoff, Realtor at CIR Realty, 403 608 5682. 
Looking to buy property: https://searchcalgaryhomes.ca/



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When to Hire a Contractor?

When to Hire a Contractor?

Renovating a home can be a daunting task, but with the help of a home contractor, the process can be much smoother and more efficient. However, it’s important to know when it’s theright time to hire a contractor for renovations.

If the renovation project is complex and involves major changes to the structure or layout of the home. A contractor has the necessary skills, knowledge, and experience to handle
such projects, and can ensure that the work is done safely.

If the renovation project requires permits and inspections. Contractors have experience working with local building codes and regulations and can help you navigate the permit process. If you don’t have the necessary skills, tools, and equipment to complete the project on your own. A contractor hasaccess to the tools and equipment needed to complete the job and can ensure that the work is done efficiently. If you’re short on time and need the project completed quickly. A contractor can dedicate their full attention to the project, which can help ensure that it’s completed on time and on budget.

In conclusion, hiring a home contractor for renovations is a smart decision when the project is complex, requires permits and inspections, requires specialized skills and tools, or needs to be completed quickly. By hiring a contractor, you can ensure that the renovation is done safely, efficiently, and to your satisfaction.

Questions to Ask a Contractor

  • How long have they been in business?
  • Are they experienced in the type of work you need done?
  • Are they licensed and insured to work in your area? Can they show proof?
  • Will this project require a permit? If so, ensure the contractor is able to get all necessary permits before starting work.
  • Can they share a list of references?
  • When are they available to start on the job?
  • How do they plan to ensure proper safety precautions during the project?
Have any question contact Geoff, Realtor at CIR Realty, 403 608 5682. 
Looking to buy property check this link: https://searchcalgaryhomes.ca/
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Flipping Calgary Residential Property - New Tax Rules 2023
Did you know you can now be taxed on your Calgary principal residence, when you come to sell it? There is a new federal law (Bill C-32) that came into effect on January 1st, 2023. This one focuses on trying to limit house flipping or speculation, by taxing the gains on any home that sells within 12 months of the
purchase.
The new tax law will disallow the use of the principal residence exemption to shelter the capital gain realized on the sale of your home, if you’ve owned it for less than 12 months. Certain exceptions are allowed, such as death, disability, separation and work relocation. Instead, the gain will be taxable as business income. Home sellers in the past, have always been able to sell their primary/principal residence at any time without being taxed, this is a significant change starting in 2023.
This will affect small renovation businesses in Calgary that buy run down property an renovate it. They may have to keep it for 12 months! Cash flow restrictions can be harsh on small contractors. Is this a fair tax for Calgary?

Have any question contact Geoff, Realtor at CIR Realty, 403 608 5682. 
Looking to buy property check this link: https://searchcalgaryhomes.ca/
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Calgary townhouses are a hot commodity in 2023! Prices are rising. The average sold price in the first 6 weeks in Calgary has risen to $391,387, as of 11 Feb/23. What is the rest of the year going to do? Calgary has very low inventory right now, so buyers are scrambling to see townhouses that are on the market. First time buyers moving into the Calgary housing market are switching from detached homes to townhouses, due to mortgage rate increases. This trend looks set in for the rest of the year.


Have any question contact Geoff, Realtor at CIR Realty, 403 608 5682. 
Looking to buy property check this link: https://searchcalgaryhomes.ca/


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I have sold a property at 30 131 Templehill DRIVE NE in Calgary
I have sold a property at 30 131 Templehill DRIVE NE in Calgary.
A must see renovated townhouse that backs on to a quiet green space, with fenced back yard. All brand new kitchen appliances: stove, fridge and dishwasher. Plus brand new laundry pair: washer & dryer. Updated kitchen cabinets with tiled floor leading into dining doom and living room (laminated flooring), with access to yard. Brand new carpet on stairs leading to three bedrooms, all with new carpet, paint and new doors. Nicely renovated 4 piece bathroom adds value to this home. Condo fee includes water, sewage and garbage, exterior maintenance, snow removal, insurance, and landscaping for the complex. Stop Renting or Add this beautiful home in your rental portfolio. QUICK POSSESSION AVAILABLE. The home is located in a quiet complex, within walking distance to schools, transit and shopping.
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New property listed in Temple, Calgary
I have listed a new property at 30 131 Templehill DRIVE NE in Calgary.
A must see renovated townhouse that backs on to a quiet green space, with fenced back yard. All brand new kitchen appliances: stove, fridge and dishwasher. Plus brand new laundry pair: washer & dryer. Updated kitchen cabinets with tiled floor leading into dining doom and living room (laminated flooring), with access to yard. Brand new carpet on stairs leading to three bedrooms, all with new carpet, paint and new doors. Nicely renovated 4 piece bathroom adds value to this home. Condo fee includes water, sewage and garbage, exterior maintenance, snow removal, insurance, and landscaping for the complex. Stop Renting or Add this beautiful home in your rental portfolio. QUICK POSSESSION AVAILABLE. The home is located in a quiet complex, within walking distance to schools, transit and shopping.
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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.