Calgary Home Guide - 29 Jan., 2016

JAN 29 - FEB 26, 2016 VOLUME 16, ISSUE 01, FREE

CALGARY EDITION

Fabulous new estate home in well-established Kelvin Grove

CHRIS ZAHARKO ROYAL LePAGE Benchmark

INSIDE THIS ISSUE

PREPARING FOR THE NEW DOWN PAYMENT RULES

403.253.1901 chris@zaharko.com | www.zaharko.com For more information on this property, please go to pages 16-17

STAGING YOUR HOME: HOW IT CAN HELP

NEIGHBOURHOOD PROFILE ON VICTORIA PARK

REAL ESTATE TEAM

david@houseandcastle.com www.houseandcastle.com

Highland Park $679,000

1940 SQ FT, fully finished basement, all the bells and whistles, with vaulted ceilings, ready for immediate possession. MLS#C4036969

Rosedale $669,000

MLS C4038959 You can either live in the cozy bungalow or build your dream home on this 50x120 lot. This 2 bedroom bungalow was being rented for which makes an excellent investment property as well.

The basement is fully developed with another bedroom, bathroom and a rec room. This property comes with blueprints for a 2 storey home. Plan is for a 3350 square foot home with 4.5 baths and 3+1 bedrooms, fully finished basement and a triple detached garage.

David Crick 403.230.2121

david@houseandcastle.com www.houseandcastle.com

Penbrooke $200,000

MLSC4038903 Great investment property!! Was renting for $1100 a month. This 2 bedroom townhouse has a fresh coat of paint, and new hot water tank, new roof, new high efficiency furnace, new flooring and new windows in the basement.

The kitchen has a lunch counter with double sinks and a broom closet. There is a balcony with a large deck in the backyard and a small deck out front. Close to all amenities including elementary school, park and city transit. No condo fees.

Abbeydale $115,000

Mountainview $98,500

Lomond $75,000

1216 SQFT modular home featuring 3 bedrooms and 2.5 baths. The kitchen has a sky light and a 3 sided fireplace that is shared with the living room. The master bedroom has a large 5 piece ensuite with a separate shower and a jetted tub. The 10x10 storage shed is included in the sale price. Easy walk to the club house which includes a hottub, sauna, exercise room and social room. The city bus stops at the front gate.

Pride of ownership shows in this home! With hardwood floors and oak cabinets. This 2 bedroom, 2 bathroom modular home is great value.

There are glass doors leading out onto the deck and landscaped backyard which includes 2 storage sheds and a raised vegetable garden or flowerbed space. The master bedroom includes a 4 piece ensuite.and the 2nd bedroom enjoys and Jack and Jill entry. both bathrooms have been totally renovated Pad fees have just been raised to $450 per month. This is the cheapest living in Calgary with total costs of mortgage, pad fees and taxes under $1000 this is in the adult only section of the park 18+

Thats right, only $75,000 for this 900 sq ft home just a half hour east of Vulcan. If you like fishing, there a 3 great fishing locations with in minutes of this location. Comes with a 75x120 foot lot and a single garage. This the perfect get away for a cottage or cash in your city home and get an inexpensive retirement home. There is a K to grade 12 school close by and all the businesses to provide you daily requirements.

MLS# C4007508

Len T. Wong Broker

Laura o’ConneLL Associate/Partner

Oakridge

great LOcatiOn!

$209,900

2 storey condo townhouse with 2 bedrooms backing onto greenspace. Great location! Close to walking paths and Glenmore Reservoir. Large living room with wood burning fireplace and patio doors to large deck. Updated kitchen with stainless steel stove and fridge. 2 spacious bedrooms upstairs and 4 piece bathroom big enough for a washer and dryer. Walking distances to schools and all amenities. Great first time buy or investment property. MLS#C4036440

SaddLe ridge

SunnySide

inner city Living!

$220,000

Inner city living at its best! 1 bedroom condo in the heart of Kensington with city views! Take advantage of the great location, 1/2 block to Sunnyside LRT station and Safeway.

Walking distance to trendy 10 St and Kensington Rd with tons of restaurants, pubs and shops. Enjoy the river pathways.

Quiet building. Condo has one generous sized bedroom and one 4 piece bath with soaker tub. Galley kitchen with granite countertops and stainless steel appliances. Laminate floors.

Insuite laundry. Assigned parking in the back of building. Ideal for investment or young professional. MLS#C4042223

SpaciOuS & Bright!

$396,000

gLamOrgan

BeLtLine

great LOcatiOn!

$229,900

This beautiful one bedroom, one bathroom downtown condo boasts 540sqf. It is perfectly located to restaurants, cafes and shopping. The stylish kitchen boasts granite countertops, stainless steel appliances (fridge, stove, dishwasher and microwave) with an eating bar. The bright living room is open to large sliding doors to your outdoor patio. The bedroom is very spacious with a large custom closet. The gorgeous bathroom boasts a deep soaker tub and vanity. The outdoor parking stall is assigned and there is ample street parking for your guests. MLS#C4043697

BeautifuL BungaLOw!

$459,900

great 1St time Buy Or inveStment!

$241,900

fuLLy renOvated!

$469,800

LOcated On a Quiet Street

$314,900 $299,800

waLkOut BungaLOw!

$489,900

Brand new!

$349,900

4 YPNEXTHOME.CA

Fully Developed Walkout Bungalow with over 2200 sq ft of living space built

by Kingsmith Homes. Main floor floor boasts a Living Room with Fireplace, large Kitchen Island with Granite Countertops and Maple Hardwood floors. floors. Master bedroom with 4 piece ensuite and walk in closet, 1 additional good sized bedroom. Basement has infloor infloor heating throughout, rec room/living room area, 3 additional bedrooms and 4 piece bathroom. Walkout to fully landscaped and fenced yard, custom garden shed. Deck has views of the valley. Newer paint, carpet, appliances and granite countertops in all bathrooms. Great quiet location overlooking park across the street. Close to shopping and schools. Well Maintained and pride of ownership is evident. MLS#C4043751

Spruce cLiff

SunSet ridge, cOchrane

Brand new Landmark attached Brookside III 2 storey with single attached garage and walkout basement. Mountain views. Energy efficient with dual pane windows and high efficiency furnace. 2 bedrooms, 3 baths and loft. Over 1300 sq ft. Bright and open plan.

Gorgeous kitchen with granite countertops and stainless steel appliances open to eating area and large great room. 2 piece powder room. Upstairs has large master bedroom and 4 piece ensuite. 1 other good sized bedroom and 4 piece main bath. 2nd floor laundry room.

Spacious loft area. Undeveloped basement. 5 year Builder’s Warranty and 10 year Alberta New Home Warranty. MLS#C4039597

Fully Renovated 4 level split 1803 Total sq.ft well maintained and cared for home in Canyon Meadows. New Carpet, tiles, hardwood, paint throughout. Updated White Kitchen cabinets with Granite countertops and Stainless steel appliances. Main floor floor has Living room, formal dining room and nook area. Upstairs has large master bedroom with updated 2 piece bathroom, 2 other good sized rooms and updated 4 piece bathroom. 3rd level with Family room and Tiled Surround Fireplace, an additional bedroom and 3 piece bathroom with tiled stand up shower. 4th level has Recreation Room, Laundry and furnace room. Very well maintained, lots of upgrades throughout the years. Pear and Apple trees in the fully fenced, landscaped yard. One Block away from Canyon Meadows LRT. MLS#C4039195

BOw ridge, cOchrane

aBBeydaLe

Located on a quiet street, 970 sq ft Bungalow, Main floor has large living room, 2 bedrooms and newly renovated bathroom with new toilet and tub. Laminate flooring in Kitchen. Dining room area leads to Sunroom and nicely landscaped and fenced yard with dog run. 22x24’ Parking pad for 2 vehicles and future garage development or RV parking. Basement is partially developed with extra bedroom, office and furnace/laundry room. Central Air throughout the home, newer furnace, self cleaning 50 Gallon hot water tank and roof. Well maintained home. MLS#C4043653

Exceptionally well maintained bungalow with fully developed walkout basement ready to move in and enjoy. Total of 3 bdrms and 3 baths. Very bright and open plan. Vaulted ceilings in the formal dining and living room with firrepleplace and skylight. Upgraded Cherry oak cabinets with granite countertops and designer tiled backsplash with stainless steel and black appliances with eating area and patio dr leading out to large maintenance free deck. Large master bdrm with new carpets and 4pc updated ensuite with jetted tub, separate shower and large closet with built ins. 4pc main bath. Main flr laundry with sink and cabinets. Professionally developed walkout basement with family rm with wet bar, bdrm, cheater 4pc ensuite and fleexx rm ideal for workout rm/games rm or storage. Patio drs leading out to a secluded yard.

Double attached garage. Quiet location. Walking distance to amenities, schools and transportation. Ideal for empty nester or professional couple. Exceptional value. MLS#C4039655

canyOn meadOwS

cOpperfieLd

2 bedroom condo with 1 titled parking stall.

Bright and open plan with hardwood floors.

Maple kitchen with granite countertops and black appliances. Spacious living room with corner gas fireplace and patio doors leading out to private patio. Master bedroom with 4 piece ensuite. 2nd bedroom and 4 piece bath. Insuite laundry. Close to all amenities. Easy access to Stoney Trail, Deerfoot and 52 St. Great first time buy or investment. MLS#C4038791

Two storey home on a quiet street. Sunny front porch, spacious and bright living room. Functional kitchen with raised island, maple cabinets and corner pantry.

Large family dining space and access to back deck.

Upper level includes a master bedroom with a three piece ensuite, two good size bedrooms and a four piece main bath. A fully finished finished basement with one bedroom, four piece bathroom and family room. Back lane access to a large backyard. Close to amenities and public transportation. MLS#C4038573

OverLOOking gOLf cOurSe!

$529,900

Executive 2 bedroom plus den apartment condo overlooking Shaganappi Golf Course in showhome condition. Very bright and open plan. Gourmet kitchen with breakfast eating bar and stainless steel appliances open to large dining area and huge great room with gas firrepl eplace. Double French doors leading out to covered deck with Golf Course and city views. Main floooror den and separate laundry room. 3 piece bathroom. Large master bedroom with 5 piece spa like ensuite with large walk in closet. French door leading out from master bedroom to another deck with view. 2nd bedroom was converted into a TV room and easily converted back. 1 underground, titled, heated parking stall and storage locker. Quiet building. Walking distance to LRT, shopping, schools and amenities. Minutes to downtown. Pride of ownership shown throughout. Ideal for professional couple or empty nester.

Exceptional value! MLS#C4043842

DISCOVER THE ADVANTAGE

y. .

ck

tOtaLLy renOvated!

$534,900

extenSiveLy updated hOme!

$584,900

er

Quiet LOcatiOn, eaSy acceSS!

$618,900

me eel ors y

was and s er.

$679,900

Extensively Updated 2 storey attached home w/recently developed bsmnt & double dtchd grge.Located in the heart of Tuxedo.Very bright & open plan.Recently painted throughout,new lights,new hardwd flooorsors throughout main flr.Formal Living & dining rm.Updated kitchen with w quartz counter tops & s/s appliances open to family rm w/ gas insert fp.Built in pantry,2 pc powder rm & mudrm w/ built-ins.

Staircase leading upstairs to lrg master bedrm w/ newly renovated 5 pc ensuite w/ stand alone soaker tub and over sized shower & huge separate w/i closet.2 other good sized bedrms w an updated 4 pc bathrm.Recently developed bsemnt w lrg recreation rm,4 pc bathrm, lrg bedrm w/ w/i closet & storage laundry area.Lrg south bckyrd w/interlocking patio & double dtchd garage.Home built w/sound reducing brick common wall.Pride of ownership shown throughout.Quiet location, walking distance to amenities.

Minutes to downtown,easy access to deerfoot!Exceptional Value! MLS#C4037245 Executive custom built 2 storey with fully developed basement and double attached garage in showhome condition. Total of 5 bdrms, main flr den and 4 baths. This home has been updated over the years. Formal living and dining rm. Laminate flrrss thru out main flr and ceramic tiles. Updated kitchen with centre island and breakfast eating bar, granite, designer tiled backsplash and upgraded black appliances open to eating area and large family rm with gas firrepleplace. French dr leading out from kitchen to a secluded deck with west backyard, shed and RV parking. Main flr den and mud rm with laundry hook up. Gorgeous spiral staircase leading upstairs to large master bdrm with 4pc ensuite with slate flrrs,s, jetted tub, o/s shower and walk in closet. 3 other good sized bdrms and 4pc main bath. Professionally developed basement with rec rm, bdrm, 4pc bath, workout rm, 2nd kitchen/wet bar, ideal for in law suite with cork flrriing. Quiet location.

Walking distance to park and amenities. Easy access. MLS#C4031709

eState hOme!

$674,900

Beautiful fully finished home located in the Estates of Royal Oak. This gorgeous open concept 2 Storey home has so many features; grand kitchen with maple cabinets, granite counter tops and a Jenn-Aire cooktop/Gril . The large double deck has a gas line hook up for the bbq. The main floor has 9 ft. ceilings with hardwood and tile floors. The upstairs boasts a massive bonus room with beautiful views and 3 large bedrooms, the master bedroom has a corner soaker tub and separate shower and large walk-in closet.

The basement is fully finished , the wine/cold room could be made into a 4th bedroom. This house has 2 hot water tanks, and has air conditioning for those hot summer days! It is located on a very quiet street close to parks/playgrounds. This house is very close to walking/biking trails, 5-minute walk to the Tuscany LRT/train station. There are so many amenities close by; Sobey’s/Walmart, Restaurants, Beacon Hil Plaza and the YMCA to be open in 2017. University is 15 minutes away. MLS#C4042624

Beautiful air conditioned bungalow with extensive upgrades throughout. Fully developed basement and double detached garage. Very bright and open plan. 4 bedrooms and 3 baths.

Formal dining room with vaulted ceilings. Gleaming hardwood floors. Gourmet kitchen with dark stained cabinets, centre island with breakfast eating bar, granite countertops and stainless steel appliances including gas stove and built in oven open to large eating area and great room with gas fireplace. French door off eating area to deck and backyard. Large master bedroom with newly updated 5 piece ensuite with soaker tub and shower. 1 other good sized bedroom on the main floor with newly updated 3 piece bath with glass shower. Developed lower level with large rec room with gas fireplace and built ins, 2 bedrooms and 3 piece bath. Landscaped yard. Backs onto treed area. Easy access and close to all amenities. MLS#C4034497

SignaL hiLL

pie Shaped LOt!

$680,000

Executive custom built 2 storey w/fully dvlpd w/o bsmnt located on a pie shaped lot in show home condition w/ clay tile roof.3 bedrms,bonus rm & 4 bathrms.Very bright & open plan.Bright sunny kitchen w/breakfast eating bar w/newer s/s appliances open to lrg eating area & great rm.2 pc powder rm.Gorgeous staircase leading upstairs to lrg bonus rm w/ vaulted ceilings,fp & built-ins.Ceramic tiles & hardwood flrs throughout main flr & laminate flring on the 2nd flr. Lrg master bedrm w/ his & hers closets & 4 c ensuite w/jetted tub & separate shower.2 other good sized bedrms w/a 4 pc ensuite.Dvlpd w/o bsmnt w/lrg recreation rm,4 pc bath w/2 shower heads & steam shower,laundry rm w/ sink,wet bar & sitting area & lrg storage rm w/ wood pilot fp.Spectacular lndsapd west bckyrd w/ deck w/ railing & glass panels w/ derradeck & spiral staircase,leads to concrete patio w/ huge enclosed firepit.Exceptional Value!Must see to appreciate location, yard & pride of ownership.Excellent family home. MLS#C4044790

aSpen wOOdS

exceptiOnaL vaLue!

$689,900

rOyaL Oak

a,

t ell

Stunning BungaLOw!

rOcky ridge ranch

ite

ped

Totally renovated from the Studs in and skil fully designed Bi-level with over 1900 sqft of total living space.

Spacious Main Floor boasts new custom kitchen cabinets, granite countertops, breakfast bar and dining area overlooking the living room. Engineered Hardwood flooorioring. Master bed w/door to South Deck. 2 additional bedrooms up and 4 piece bathroom with dual sinks, free standing claw tub & Circular glass shower. The Soundproof Basement is an experience to behold!! Large Bedroom and Custom shelving in your walk in closet.

Your own private retreat with Marble Tile in Spa featuring dual sinks, enclosed Standup Steam/Rainfall shower with glass subway tile and speakers. Another large Living or Rec Room area. Enjoy the summer evenings on the big South Facing deck, low maintenance and fully fenced backyard. Double detached insulated garage.

Close to schools, Quarry Park, Downtown and community park down the street. Future YMCA and C-train station. Lots of upgrades throughout. A must see to appreciate. MLS#C4043006

tuxedO

d ng h d

d. al

diScOvery ridge

riverBend

h,

Exceptionally well maintained bungalow with walkout basement on a pie shaped lot located in a cul de sac in Aspen Stone. 4 bdrms and 4 baths. Vaulted ceilings on the main flr. Bright and open maple kitchen with breakfast eating bar, granite, and designer tiled backsplash and s/s and black appliances open to eating area and huge great rm with stone packed gas fireplace. French dr leading out to maintenance free deck with south facing backyard. Large master bdrm with 5pc ensuite with large soaker tub, shower and walk in closet. 4pc main bath with a bdrm or den. Main flr laundry rm with walk thru pantry to kitchen. Professionally developed walkout with family rm with gas fireplace, wet bar, 2 bdrms, rec rm and cold rm. French dr leading from family rm to large south backyard. Double attached garage. Ideal for empty nester or older family. Walking distance to Webber Academy, amenities and other schools. Minutes to downtown. Exceptional value! MLS#C4040296

highLand park

Brand new attached hOme!

$689,900

Brand new executive custom built 2 storey attached home w/ fully developed bsmt. 9ft ceilings on main flr & bsmt. Total of 4 bdrms & 4 baths. Gourmet kitchen w/ centre island w/ breakfast eating bar, quartz counters, designer tiled backsplash & s/s appl open to large living rm & great rm w/ gas fp & built ins.

2pc powder rm. Gorgeous staircase leading upstairs w/ 2 skylights to large master bdrm w/ 5pc spa ensuite w/ large soaker tub, separate steam shower, skylight & large walk in closet. 2 other good sized bdrms 4pc bath. 2nd flr laundry rm w/ sink & built ins. Prof developed bsmt w/ large family rm w/ wet bar, large bdrm with walk in closet & 4pc bath. Solid core drs thru out. Low E windows. Solid drs. Roughed in for A/C, security & vacuum system. Fully landscaped west bkyd. Oversized, insulated & drywalled double detached garage with 8 ft garage dr. Quiet location. Walking distance to schools, amenities & transportation. 1yr builders warranty & 5yr Progressive Warranty. MLS#C4040719

Let Len and Laura and their team put their extensive experience with the Calgary real estate market to work for you.

contents JAN 29 - FEB 26, 2016 | VOLUME 16 ISSUE 01

20

ON THE COVER

Feature Property

Fabulous estate home in well-established Kelvin Grove, presented by Chris Zaharko, Royal LePage Benchmark

+ online NEIGHBOURHOOD

HOME SEARCH

MORE +PHOTOS +VIDEOS +ADVICE +INSPIRATION +TRENDING

MAPS

6 YPNEXTHOME.CA

9

Editors’ Note

16

Design Advice

19

WITH

DYNAMIC

in this issue

LOOK FOR THE CIRCLE

What is staging?

Trending

Ottawa moves to raise minimum down payment requirement

20 Feature Property

Fabulous new estate home in well-established Kelvin Grove, presented by Chris Zaharko, Royal LePage

22 Neighbourhood Profile Victoria Park: Transitioning and in development

19 25

22

24 maps & extras

10

Regional maps

23

Homebuyers’ Help Mortgage Rates

29

Recreational properties

16 24 Market Analysis

Conditions favour the buyer in Calgary’s condo market

25 Trending

Preparing for the new down payment requirement

for advertising information call 403.829.0393 next deadline: Feb. 19, 2016

JAN 29 - FEB 26, 2016 | HOME GUIDE 7

advertisers’ index

CAMERON & COMPANY DISCOUNT REALTY LTD. Dory Cameron . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26

PRESIDENT, YELLOW PAGES NEXTHOME

Jacqueline Hill EDITOR-IN-CHIEF/DIRECTOR OF CONTENT

Susan Legge

CENTURY 21 David Crick . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

DIRECTOR OF SALES

Moe Lalani EDITOR

MAPLE LEAF REALTY Ken Yeoh. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

Wayne Karl Lydia McNutt (on leave) MEDIA CONSULTANT

RE/MAX REAL ESTATE Gary Williams . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 James Cote . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Len T. Wong & Associates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Matt Williams . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

Heather Harke Phone: 403.829.0393 CONTRIBUTING EDITORS

Elisa Krovblit NATIONAL CIRCULATION MANAGER

ROYAL LEPAGE REAL ESTATE Chris Zaharko . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

John Jenkins SENIOR PRODUCTION MANAGER

RECREATIONAL PROPERTIES & MORE PEMBERTON HOMES Nancy Vieira . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 EVENTS Calgary HomeExpo show. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .back cover

Bala Gnanapandithan GRAPHIC DESIGNER

Mike Terentiev PRODUCTION COORDINATOR

Swinder Jodhka PRINTING

Transcontinental, LGM - Coronet FOR ADVERTISING INQUIRIES PLEASE CALL 403.461.5518

Home Guide is published by Yellow Pages Homes Limited, located at 2891 Sunridge Way NE, Calgary, AB T1Y 7K7. Home Guide is distributed throughout Calgary at free pick-up locations. This magazine carefully inspects all ads for accuracy, however, the publisher and the printer shall not be responsible for any mistakes, design errors or incorrect information which is provided by the advertiser or their representative. The advertising herein, including the photographs and all artwork, is the property of Home Guide and not that of the advertiser.

The advertiser has purchased the right of reproduction in Home Guide magazine only and does not have the right to reproduce the ad in whole or in part in any other place or publication without the consent of the publisher.

The entire contents of this publication are protected by copyright and are intended for the sole use of the public.

The views expressed by the columnists in this publication are not necessarily those of the publication.

8 YPNEXTHOME.CA

Editors' Notes

VICTORIA PARK

SUSAN LEGGE Editor-in-Chief / Director of Content Yellow Pages NextHome Email: Susan.Legge@ypnexthome.ca Twitter: @SusanLegge

TAKE A TOUR ONLINE ypnexthome.ca/victoria-park

Our teamwork has you covered We are always looking for stories and news about real estate for our magazines and website.

While the team here at Home Guide and YPNextHome.ca attends events across the country, we also have a team of talented freelance writers who help us cover all the bases.

The team’s focus over the last 12 months has been profiling and collecting data, photos, videos and text for some of Canada’s top neighbourhoods so our readers and users can get an in-depth view at the local level. You’ll find data for almost 3,000 different neighbourhoods across the country that includes information about the type of

housing available and the people who live there.

Check out one of our team member’s personal journey through a key neighbourhood in this issue.

There’s plenty more to see online at YPNextHome.ca Check out our search tool online and discover new properties and neighbourhood details.

It’s been an amazing experience to develop this content, and we’re thrilled with the results. New neighbourhoods are being added every week. Please let us know what you think – and if you have a favourite neighbourhood you’d like us to profile, drop us a line.

We love hearing from you.

Relax, Calgary, history is on your side

WAYNE KARL Senior Editor Yellow Pages NextHome Email: Wayne.Karl@ypnexthome.ca

+ get social

It would be foolish to pretend that all is rosey in Wild Rose Country.

The economy and housing markets in Alberta are feeling the pinch of a prolonged slump in oil prices – plain and simple. It does no good to think otherwise.

But, now more than ever, it pays to keep things in perspective.

All the talk about Canada’s hottest real estate markets currently involves mostly Toronto and Vancouver.

But would you believe, if we take this discussion to a more

historical level, Alberta, in fact, is a stellar performer?

Indeed, according to data from ReMax, Calgary is second only to Edmonton as the top market in Canada in terms of annual rate of return over the last 20 years. Yes, you read that correctly. Calgary has yielded 6.61 per cent from 1996 to 2015; Edmonton, 6.64 per cent.

Those “hottest” markets of Toronto and Vancouver – 6.21 and 6.16 per cent, respectively.

Relax, Calgary, history is on your side.

Interact with us on social media: ypnexthome

JAN 29 - FEB 26, 2016 | HOME GUIDE 9

Calgary & regional maps zonea zoneb zoned COMMUNITIES & MLS NUMBERS

COMMUNITIES & MLS NUMBERS

COMMUNITIES & MLS NUMBERS

STONEY TR

STONEY TR STONEY TR

CROWCHILD TR DEERFOOT TR

Monterey Park

Greenwood Greenbiar

TRANS CANADA HI

16 AV

16 AV

Abbeydale

Pt. McKay

MARQUIS OF LORNE TR Applewood

TRANS CANADA HI

OUT OF TOWN MACLEOD TR

Crestmont

SARCEE TR

DEERFOOT TR 27 Upper Scarboro

West End

766

22

Didsbury

2A 562

2 Carstairs

Cremona

Crossfield

Parkhill / Stanley Park

72

766 772

22

Garrison Green Meadowlark Park Kingsland

Carbon

567

Airdrie

9

Irricana

567

Delacourt

Dalroy

791

1

Chestermere

CALGARY

22

791

Okotoks

7

c

COMMUNITIES & MLS NUMBERS

10 YPNEXTHOME.CA

out of town

23

Cluny

542

Bassano

Milo

24 842

540 534

Vulcan 531

Nanton 2

533

zone

547

842

Blackie

Cayley 22

Mossleigh

547

High River

541

Gleichen

Arrowwood

2A

Longview

561

817

797

549

543

SPRUCE MEADOWS TR

Hussar 1

Carseland

552 549

MACLEOD TR

Standard

22X

Dalemead DeWinton

Black Diamond Turner Valley

569

Shepard 22X

56

842

564

564

Lyalta Strathmore

Langdon

8 Bragg Creek

840

Rockyford

Keoma

566

Bearspaw 68

21

Katherine

Balzac

Cochrane

1A

Acme

Beieker

574

Roxboro

GLENMORE TR

806

581 575

Erlton Mission

527

520

Champion

529

Stavely Caramangay

Claresholm

520

• Enjoy the privacy & privilege of Elbow Park Lane, a quiet tree lined cul-de-sac with 7 luxury homes nestled by the River in East Elbow Park.

This is a rare opportunity.

• 3,084 Sq Ft 4 bedroom renovated home with attractive West Coast curb appeal.

• Significant infrastructure updates! windsoR paRk • $1,250,000

Gary Williams M at t

spRingbank – Rodeo Ridge • $459,000

• Beautifully renovated 2 + 1 bedroom villa with 3,410 Sq Ft of developed living space.

• The chef’s kitchen boasts granite, custom cabinetry, high end appliances, sunny breakfast nook, & access to the private outdoor space.

• Backing onto Springbank Golf Course, this 0.42 acre (18,295 Sq Ft) fully serviced lot is ready for a walk out home with stunning views.

• Only 25 minutes from downtown Calgary!

elbow paRk • sold

Mount Royal • sold

• Architecturally significant & visually striking Jeremy Sturgess executive family home built into a private, naturally sloping 9,365 Sq Ft lot.

• The main floor inspires with the interior design of Douglas Cridland, chef’s kitchen, soaring 20’ vaulted ceilings, two copper faced fireplaces & extensive maple millwork.

• Enjoy seamless indoor/outdoor living & elbow river valley views with this exceptional property!

Call NoW For a Free eValUatIoN oF yoUr CalGary ProPerty 403

259.4141

• An elegant 5 bedroom Tudor style home with 3,778 Sq Ft of above grade living space in un-rivaled Mount Royal.

• The private 10,300 Sq Ft lot with WEST backyard is beautifully landscaped with rundle stone retaining walls & brick patios/ walkways.

• 2002 renovated eat-in kitchen with granite, custom cabinets, stainless steel appliances & large island.

Ken Yeoh

FREE Quick OnLine Home Evaluation

403.803.8981

www. mapleleafrealty .ca

CalGaryProPertyForSale.Ca

elbow paRk • $1,895,000

Broker/Owner

FOREST HEIGHTS

D SOL

• • • • • • • • •

Gorgeous 2 storey in Sherwood 3 bedrooms & 2.5 baths Great open floor plan with hardwood floors Large living dining room combo Bright kitchen with granite counter tops Office/den on the main floor Large master with F/P, sitting area & balcony Undeveloped walk-out basement Close to airport, Stoney Trails & all amenities

422,500 $

• Centre island & pantry in kitchen • Super sized master with sitting area, 4-pc ensuite & walk-in closet • Developed walk-out basement with 2 bedrooms & 4-pc bath

MONTHLY STATISTICS

$

‘Landmark’ custom built 2-storey 2545sf Quiet cul-de-sac & walk to playground Total of 5 bedrooms & 3.5 baths Knockdown & 9’ ceilings, rounded corners Large family room with fireplace

SHERWOOD

515,000

• • • • • • • •

Super lovely family home on quuiet street Across from park, schools & community centre 3 bedrooms & 1.5 baths Newer windows, bath & hardwood floors Large kitchen with breakfast nook Super sized family room Large yard on corner lot Double heated garage

MCKENZIE TOWNE

• • • • •

$

D

SOL

$

699,900

D L O S

378,800

PANORAMA HILLS

D

SOL

• • • • • • • •

Amazing 4-level split 3 bedrooms, 2 baths & 2-car garage Close to playground & school Maple shaker style cabinetry Tile backsplash & large centre island Master ensuite has soaker tub, stand up shower Large rec room, bedroom & full bath on 3rd level Fully landscaped & oversized deck

City of Calgary Dec-14

Dec-15

% change

Jan-14

Jan-15

% change

Total Sales

1,073

879

-18.08%

274

229

-16.42%

New Listings

1,363

1,491

9.39%

1,092

1,070

-2.01%

Active Listings

3,379

4,353

28.83%

3,843

4,708

22.51%

Median

415,000

408,000

-1.69%

411,250

404,000

-1.76%

Average Price

472,000

462,677

-1.98%

449,785

441,573

-1.83%

Days on Market

43

49

13.95%

47

58

23.40%

Benchmark Price

459,500

448,800

-2.33%

N/A

N/A

N/A

Note: Calgary Metro only; includes zone A, B, C & D

JAN 29 - FEB 26, 2016 | HOME GUIDE 11

Zaharko

the name synonymous w

The Montana - Premier penthouse office condo • 6,000 square feet • Unobstructed 360 degree views • 14 offices, 10 underground parking stalls

$3,890,000

Chris Zaharko |

Associate Individual Agent at Royal Lepage Benchmark

#1 Individual Agent at Royal LePage Foothills 2008

us with real estate 821 Riverdale Ave SW • • • •

over 4600 sq ft of development 5 bedrooms throughout completely renovated corner lot

$1,975,000

67 Mystic Ridge Way (Brand New) • 3800 sq ft • Corner lot • 5 beds, 5 baths

• $1,599,000

Kelvin Grove (Brand New) • • • •

Completely renovated 3000 SF 4 beds up Hardwood throughout both levels Triple oversized garage

$1,499,000

P: F:

403.253.1901 403.252.2653

E: W:

chris@zaharko.com www.zaharko.com

Zaharko

the name synonymous w

176 Kinniburgh Circle, Chestermere • • • •

4 bed 3 full baths 2 half baths 2745 sq ft developed pie shaped lot triple garage

$584,900

188 Everoak Circle SW • • • •

2211 sq ft 4 bed 2.5 bath Immaculate!

Walk to Fish Creek Park!

$569,900

69 Patina Park SW

$349,900

26 Autumn Garden SE

• 3 bed 3 bath • Backs to green space • Fully developed

$587,500 • Beach access • 3 bed 2.5 bath • Gourmet kitchen

Chris Zaharko |

Associate Individual Agent at Royal Lepage Benchmark

#1 Individual Agent at Royal LePage Foothills 2008

us with real estate #2, 2410 29 St SW • • • •

2 bed 2 bath 1165 sq ft Full developed basement Low condo fees

$529,900

#210 804 18 Ave SW

$274,900

208 830 Centre Ave.

• 1 bed 1 bath • Fantastic city views • Unique historic building

#104 635 4 Ave NE

SOLD

• 505 sq ft • Studio unit • Underground parking • Low condo fees

10728 Mapleglen Cres SE

• 2 bed 1 bath • In-suite laundry • 2 underground parking stalls!

P: F:

403.253.1901 403.252.2653

E: W:

$239,900

chris@zaharko.com www.zaharko.com

SOLD • 4 bed 3 full baths 2 half baths • 2745 sq ft developed • pie shaped lot • triple garage

Advice | DESIGN ADVICE

WHAT IS STAGING?

By Laura Le

STAGING IS THE PROCESS of preparing a property for sale. Homes that are staged sell faster and for more money, this is achieved by creating immediate buyer interest in your property.

When a property is placed on the market, it has features and benefits that are both good and bad. The job of a staging professional is to enhance the positive aspects of the property, show off the architectural details and make your home stand out from the competition. This is extremely important for the photographs needed for online.

16 YPNEXTHOME.CA

Most buyers are looking at photos before venturing out from property to property.

Do you have an empty property that is getting no viewings?

Most staging professionals have access to furniture on a monthly rental basis. The fees are minimal when compared to the length of time an empty/unfurnished property is on the market. Most buyers cannot envision their possessions in the home because often an unfurnished property looks smaller than it actually is. It has been proven that most

The job of a staging professional is to enhance the positive aspects of the property, show off the architectural details and make your home stand out from the competition.

buyers place their sofa in the exact spot the sellers sofa was, thus proving that buyers need to see the property furnished.

It is also beneficial to bring in a professional stager to offer advice in an occupied property. This process often involves removing excess furniture and de-cluttering. By removing clutter, the rooms suddenly seem to become larger, allowing the homeowner to start the packing process and the emotional separation from the home to begin as well. Encourage the children to help in the decluttering process so they feel like they are part of the decision.

Once the editing has been completed, the best features of the property are highlighted so that the less appealing aspects, if any exist, become minimal. The home must become de-cluttered and de-personalized. Cleaning is also an important step, the property must be spotless. A fresh coat of neutral paint is never a bad idea and the return on investment is very good. Especially since most homeowners can paint themselves or offer friends JAN 29 - FEB 26, 2016 | HOME GUIDE 17

and family the bonding experience that comes with helping out… okay, the pizza and beer that comes with helping out.

Try looking at your property through the buyers’ eyes, as though you’ve never seen it before. Ask a friend to be completely honest with you and critique your home. It is also a great idea to photograph each room yourself and look at it through the “lens.” This can really let you see what others may see.

The home must be clean, organized, de-cluttered and de-personalized. If this has been done it should result in both more money for you, as well as sell faster than the competition.

Laura Le has owned Creative Enhancement Inc. for 11 years. Laura completed courses with Accredited Staging Professionals (ASP), Canadian Staging Professionals (CSP) and Canadian ReDesign Association (CRDA). Creative Enhancement has been a member of the BBB since 2005. Call 403.807.8591 or email laurale@shaw.ca and visit creativeenhancement.ca 18 YPNEXTHOME.CA

Trending

Ottawa moves to raise minimum down payment requirement

By Wayne Karl

JAMES COTE 703-0455 Certified Condominium Specialist 3rd Generation Calgary Realtor

To view these properties go to: www.jamescote.com HOUSE OF REAL ESTATE

CITADEL IMMACULATE CONDITION! FULLY DEVELOPED!

$359,900

MORE TRENDING ONLINE ypnexthome.ca/news

CALGARY, EDMONTON and other markets already experiencing a cooling are expected to be among the cities hardest hit by the federal government’s new minimum down payment requirement.

Finance Minister Bill Morneau on Dec. 11 announced changes to the rules for government-backed mortgage insurance, intended to contain risks in the housing market, reduce taxpayer exposure and support long-term stability.

Effective Feb. 15, 2016, the minimum down payment for new insured mortgages will increase from five per cent to 10 per cent for the portion of the house price above $500,000. The five-per-cent minimum down payment for properties up to $500,000 remains unchanged.

The move represents a graduated approach to increasing the down payment requirement proportionally to the cost of a home. Canadians who already hold mortgages will not be affected by this announcement.

“The actions taken prudently address emerging vulnerabilities in certain housing markets, while not overburdening other regions,” Morneau says.

“This measure will increase homeowner equity, which plays a key role in maintaining a stable and secure housing market and economy over the long term,” he adds.

For those in Calgary and Edmonton, the move could have the unintended consequences of imparting additional cooling on already chilly markets.

CIBC Deputy Chief Economist Benjamin Tal says the largest impact will be felt in Calgary, due to the large share of high-ratio mortgages. In this city, the new measures are estimated to impact about 10 per cent of new sales, while in Toronto the figure is five per cent; in Vancouver, just 2.5 per cent.

Immaculate Condition! Fully Developed! Quiet Location! This fantastic 3 Bedroom Townhouse is in pristine condition, has modern upgrades and boasts over 1580 sq ft of developed living space! Very functional floor plan that has excellent flow and offers a complete use of space. Features of this home include: Dark Hardwood Floors - Living Room with feature Fireplace - Renovated Kitchen with Granite Counters, Stainless Steel Appliances (double oven, high end dishwasher, upper fridge-lower freezer), Glass Tile Backsplash and Breakfast Bar - Dining Room - Main Level 2 pce Bathroom - Large Master Bedroom with 4 pce. Ensuite Bathroom - 2 additional Upper Level Bedrooms - Upper Level 4 pce Bathroom - Lower Level Recreation Room - Finished In-Suite Laundry Room with Sink - In-Suite Storage - Fenced Back Yard - Attached Insulated & Drywalled Garage with room for additional storage. Close to schools, parks, playgrounds, and only minutes to major roads. This beautiful home is “Move-In Ready”! Book a showing today!

MARLBOROUGH RENOVATED & HUGE LOT!!

$319,800 Newly Renovated!! Huge Lot!! With over 1150 total sq.ft. this beautifully renovated 3 bedroom semi-detached bungalow is located on a quiet street in the well-established community of Marlborough. The main level of this home features a Living Room, Dining Room, Kitchen, Master Bedroom, Second Bedroom and 4 piece Bathroom...all newly renovated! The basement features a large Recreation Room, Third Bedroom, Laundry Area and tons of storage. Situated on a huge pie shaped lot that includes a Firepit, RV Parking, a big Storage Shed and an amazing New Garage. The Double Detached Garage is Over-Sized (27 X 23.5) has a 10 ft. ceiling and is wired with 220! The entire property backs onto a large Park & School Field! St. Mark School is less than a half block away and it’s only minutes from Bob Edwards Junior High. Walking distance to the Marlborough LRT Station and close to shopping, transportation, playgrounds and major routes such as 36 St, Memorial Drive and 16 Ave/Highway 1. Don’t let this one pass you by!

EDGEWATER AIRDRIE 4 BEDROOM + DEN CORNER LOT!

$369,900 CORNER LOT!! Welcome to the beautifully established neighborhood of Edgewater! You won’t want to miss this 4 Bedroom + Den, 2 1/2 Bathroom Bungalow, with over 2,200 sq.ft. of living space! The main floor includes: Large Living Room w/ Vaulted Ceiling, Kitchen w/ Dining Area, Huge Master Bedroom w/3 pce. Ensuite & Walk-In Closet and 2 good sized Bedrooms. The basement includes: Over-Sized Family/Rec Room, another Huge Bedroom, a Den/Office and a 2 pce. Bathroom. A Double Attached Garage and newly painted backyard Deck completes the package! New roof completed May 2015. Upstairs windows, interior doors and garage door new in 2011. Cement retaining wall and fence new in 2010. There is a cement pad for a tent trailer on the NE corner of the property and the back deck is wheelchair accessible. Home backs onto pathway to the park/playground which is just steps away. Close to schools, shopping, transportation & amenities. Don’t miss out! Put this one on your list!!

JAN 29 - FEB 26, 2016 | HOME GUIDE 19

Feature Property

cover story

Fabulous new estate home in well-established Kelvin Grove A FABULOUS NEWLY CONSTRUCTED,

custom-crafted home offers a spacious, elegant design and is situated on a huge lot in the established southwest community of Kelvin Grove, conveniently located minutes away from schools, shopping and major routes.

This gorgeous two-storey estate home offers more than 3,200 sq. ft. of above ground living space plus 700 sq. ft. in the developed lower level and has been beautifully designed by Robert Gray, and constructed by Paramount Homes Inc., whose custom builtins, attention to details and quality craftsmanship is showcased throughout, says Royal LePage 20 YPNEXTHOME.CA

Benchmark realtor Chris Zaharko.

“This is a unique offering as it’s a brand new home with exceptional features and finishings in an established community,” Zaharko says.

“It has four bedrooms, three upstairs bathrooms all with heated floors, three spaces for entertaining and a triple car garage with a 10-ft. ceiling and eight-and-a-half foot door so it can fit a vehicle with a Tule Box.” The property has tremendous curb appeal presenting a new aggregate driveway and walk along with a front patio with custom metal privacy screens so you can enjoy the southern exposure.

The home’s entry welcomes you

with a unique Ash front door and inside you’ll be wowed by the open design and numerous large windows that makes it light and bright, as well as the fabulous details including hardwood and tile floors, custom built-ins, high ceilings and eight-ft. solid core doors.

Off the entry to the right is a private main-floor office, while the huge great room is open to the stunning chef’s kitchen highlighted by an expansive quartz-topped island with a raised eating bar and gas cooktop, custom-built Eco-wood cabinets to the ceiling, top-of-the-line Jenn Air stainless steel appliances, mosaic tile backsplash and quartz countertops.

Beside the kitchen is a dining nook with built-in sideboard and down a few stairs is a large sunken family room that is centred on a linear fireplace with floor-to-ceiling mosaic tile and flanked by built-in cabinetry. The family room also has a handy beverage bar with wine fridge, wine rack and storage and double sliding glass doors that open to the back yard.

There is a spacious mud room with built-in lockers providing plenty of storage and a powder room off the garage entry.

“Upstairs the master suite is an oasis tucked away for privacy,” Zaharko says, noting it features 10-ft. ceilings, a huge walk-in closet filled with custom built-

ins and a luxurious spa-like ensuite with his and her vanities, large walk-in shower with body sprays and a freestanding soaker tub.

Across the way is the first of three secondary bedrooms, which has a 10-ft.-plus ceiling, large walk-in closet and direct access to a Jack ’n’ Jill bathroom with oversized walk-in shower. “This room would be ideal for a nanny or in-law suite,” Zaharko adds.

Stairs from this bathroom lead to another bedroom, and further along is a bonus room with builtin entertainment unit, the fourth bedroom and a full bathroom.

There is also a good-sized laundry room with lots of storage, a sink and

counter space.

The lower level is fully developed as a massive media/games room with a large dry bar.

Situated on a quiet street in Kelvin Grove, this new estate home is within walking distance to Chinook Park, Henry Wise Wood High School, Rockyview Hospital and minutes away from the Glenmore Reservoir, a quick commute and a vast number of shops, services, restaurants and more along MacLeod Trail.

For more information on this estate home, contact Chris Zaharko, Royal LePage Benchmark, at 403.253.1901, or visit zaharko.com JAN 29 - FEB 26, 2016 | HOME GUIDE 21

Neighbourhood Profile

Victoria Park Transitioning and in development

Fast facts Most common housing type

Highrise

Family composition

SINGLES

COUPLES

FAMILIES

60%

34%

6%

Own vs. rent

63%

RENTERS

37%

MORE PHOTOS ONLINE

OWNERS

ypnexthome.ca/victoria-park

Average household income ONE OF THE CITY’S oldest inner city

neighbourhoods, Victoria Park has been transitioning over the past five years, is constantly announcing new developments, exciting community events and an influx of fantastic retail and restaurants Lifestyle Victoria Park’s lifestyle is definitely that of busy young professionals who love to dine and drink out on a regular basis. With a thriving scene of great restaurants and bars, the residents of this area love to support local businesses. While these residents love the convenience of stepping out their door to grab a bite to eat, they also love the convenience of artisanal markets and fine liquor and wine shops nearby.

Vibe Victoria Park is a lively and adaptable community that is on the rise. With plenty of new condo developments currently being constructed in the area, this neighbourhood will soon have plenty of new neighbours.

Definitely a hub for foodies and craft 22 YPNEXTHOME.CA

beer aficionados, Victoria Park has plenty of great spots to grab a bite, pick up some amazing groceries or sample some craft beer or wine.

Meet the neighbours The residents of Victoria Park are a mixed crowd, but young professionals are the ones buying up the new condos. Plenty of great spots to eat and drink make this more of an adult area, but playgrounds and even a Montessori Pre-School make it great for families who love inner city living.

In the area Victoria Park is centrally located with easy access to several downtown schools. Sheldon Chumir Health Centre is only blocks away, Haultain Park is a great centrally located park with a playground, sports field, benches and picnic tables, as well as a tennis court and community garden.

Planes, trains & automobiles Victoria Park is located so close to the downtown core, that is one of the best neighbourhoods to commute from by foot. Residents also love

$51,145

Education levels

40% UNIVERSITY

35%

25%

HIGH SCHOOL

COLLEGE

SOURCE: ENVIRONICS

using Car2Go and the cycling lanes to enter downtown. Along MacLeod Trail there is convenient city buses as well as close access to Victoria Park LRT station.

The good, the bad & the rest Victoria Park is a very busy area, especially with all of the new developments currently under construction. While it does get quite peaceful at night, you can expect it to be somewhat noisy during the daytime hours. Thanks to its central location, Victoria Park is also home to several social wellness centres including the Mustard Seed and Inn From the Cold.

Buyers’ Resources | MORTGAGE RATES

Compare mortgage rates for your best deal CHARTERED BANKS

variable

6 months

1 year

2 years

3 years

4 years

5 years

ATB Financial

2.4500

4.0000

2.9400

2.6400

2.6400

2.7400

2.9400

Alterna Bank

2.5500

4.0000

2.8500

2.8500

2.5900

2.9400

2.6800

Alterna Savings

2.5500

4.0000

2.8500

2.8500

2.5900

2.9400

2.6800

Bank of Montreal

2.7000

4.0000

2.8900

2.8400

3.3900

3.8900

4.7400

Bank of Nova Scotia

2.7000

4.5500

3.2900

3.0900

3.3900

3.8900

4.4900

CIBC Mortgages

2.7000

3.1400

2.8400

2.7900

3.3900

4.0900

4.7900

Caisses Desjardins

2.7000

4.4000

3.1400

3.2400

3.3900

3.8900

4.7400

Canadian Western Bank

2.9000

4.0000

3.1400

3.0400

3.6500

4.2000

4.7400

Canadian Western Trust

2.9000

4.0000

3.1400

3.0400

3.6500

4.2000

4.7400

Comtech Credit Union

-

6.2000

2.7900

2.8900

2.9500

2.9900

2.6900

DUCA Financial Services

2.5000

-

3.0900

3.0000

2.9900

3.0900

2.7900

Effort Trust

-

4.4500

3.3500

3.5000

3.7000

4.3000

4.3500

Equitable Bank

-

-

3.1400

3.0400

3.6500

4.3900

4.6400

First Calgary Financial

-

4.0000

2.8900

2.8900

2.8400

2.8900

2.9400

First National Financial

2.4000

3.0000

2.2900

2.2400

2.4400

2.6400

2.7900

FirstOntario Credit Un.

2.7000

4.2400

2.6900

2.3500

2.3900

2.5900

2.7200

HSBC Bank Canada

2.7000

4.4500

3.1400

3.1400

3.5400

4.2400

4.7400

Home Trust Company

2.5000

3.9500

2.6900

2.2400

2.3900

2.5900

2.7400

ICICI Bank Canada

3.0500

-

3.1500

3.6500

3.6400

3.6900

3.6900

Investors Group Trust

2.7000

4.2000

3.1400

3.0900

3.3900

3.8900

4.7400

Laurentian Bank Canada

2.7000

4.4000

2.8900

2.8400

3.3900

3.8900

4.7400

League Svgs & Mortgage

-

4.0000

2.9900

2.6900

2.7900

2.8900

2.9900 2.8900

Libro Credit Union

-

3.7500

2.8500

2.8500

2.8900

2.8900

London Life

2.7000

4.2000

3.1400

3.0900

3.3900

3.8900

4.7400

Manulife Bank

2.4000

4.4500

3.0000

2.9400

2.8400

2.7900

2.7400

Manulife Trust

-

4.4500

3.0000

2.9400

2.8400

2.7900

2.7400

Meridian Credit Union

2.5000

4.0000

3.0900

3.0900

3.5500

2.4900

2.5900

National Bank

2.7000

4.4000

3.1400

3.0400

3.3900

3.8900

4.7400

PACE Savings & Credit Un

-

5.0000

2.8900

2.5900

3.3900

3.8900

4.6400

Parama Credit Union

2.6500

-

2.8000

2.8500

2.9500

3.0500

3.1500

Peace Hills Trust

-

4.5000

3.1500

3.5000

3.7500

3.8500

3.9500

President’s Choice Fin’l

2.7000

6.1900

3.1400

2.7900

3.3400

3.9900

4.4400

Rapport Credit Union

2.8500

6.0000

3.0900

3.0400

3.5000

3.0400

2.9900

Royal Bank of Canada

2.7000

3.1400

3.1400

3.0400

3.6500

4.3900

4.6400

Servus Credit Union

-

4.0000

2.8900

2.8400

3.3900

3.8900

4.6400

Steinbach Credit Union

-

-

2.4500

2.5500

2.5500

2.6500

2.6500

T-D Mortgage

2.7000

3.1400

2.8900

2.8400

3.3900

3.8900

4.6400

Tangerine

2.7000

-

3.1900

3.2400

3.4900

3.6900

3.7900

Windsor Family C.U.

-

4.4500

3.0000

3.0000

3.0500

3.0500

3.1000

Your Neighbourhood C.U.

-

-

2.7990

2.8900

3.0900

3.1500

3.1900

ONLINE CALCULATOR ypnexthome.ca/mortgage-calculator PREPARED BY CANNEX ON DECEMBER 11, 2015 AT 09:33:51 ET. This information is current as of the date and time posted and is subject to change without notice. © Copyright 2015 CANNEX Financial Exchanges Limited. All rights reserved.

JAN 29 - FEB 26, 2016 | HOME GUIDE 23

Advice | MARKET ANALYSIS

Economic downturn sees

real estate sales fall in 2015

By Heather Ryan

CONTINUED CONCERNS OVER low

oil prices, job losses and economic uncertainty were factors contributing to about a $3.5 billion drop in total sales volume and a more than 25 per cent decline in sales in Calgary’s real estate market in 2015 compared to the previous year.

According to figures released by the Calgary Real Estate Board (CREB), total volume of sales fell 28.2 per cent from approximately $12.3 billion in 2014 to approximately $8.8 billion in 2015, while sales dropped 26.3 per cent from 25,543 in 2014 to 18,830 in 2015.

“The decrease is totally related to what’s happening in the energy sector,” says CREB President Corinne Lyall. “As a consequence there was less immigration, less jobs and a dip in consumer confidence; a lot of people aren’t making any decisions (on house purchases) because of concerns with the energy sector.”

For the month of December, total sales in the city of Calgary were 878, an 18.2 per cent drop from the 1,073 recorded in December 2014.

24 YPNEXTHOME.CA

The detached (single-family) market sales in December were 533, down 11.75 per cent from December 2014’s 604, and a 33.3 per cent drop from November’s 799.

Attached (condo townhouse) sales were 194 in December, a 21.46 per cent decline from 247 in December 2014, and down 27.9 per cent from November’s 269, while (condo) apartment sales were 151 in December, a decrease of 31.98 per cent from December 2014’s 222, and down 22.6 per cent from November’s 195.

“December sales activity was slow partly because of the holiday season, but the economy played a major factor, and not as many people took their homes off the market, pushing up the overall inventory,” Lyall says.

“It’s difficult to compare markets yearto-year because we are so resource based, but when you look at the five to 10 year averages for inventory levels we’re definitely creeping up to what we saw in 2008,” she adds.

In December, total combined monthly inventory levels declined to

4,336 units, down from 5,316 units in November. Yet they were 28 per cent higher than December 2014, and at the highest December level recorded since 2008.

Lyall notes that overall inventory is up in every market segment compared to last year, pushing the months’ supply in December up to where it’s 7.42 months for the apartment sector, up 93 per cent over the 3.84 in December 2014; 5.56 for the attached market, up 85.5 per cent from December 2014’s 3.0; and at 4.01 for the detached market, a 35.3 per cent rise from December 2014’s 2.97.

“We’re really still pretty segmented in the markets with the higher priced homes and condos being most affected,” she adds. “We’re still balanced in the detached market, but as we creep above the four months’ supply we’ll shift to more of a buyers’ market, which we’re seeing in the condo markets.

Despite the sluggish sales and growing inventory there has only been a slight downward pressure on the overall benchmark price. The combined benchmark price was $448,800 in December, down just 2.3 per cent from the $459,500 in December 2014.

“A lot of people have been waiting for prices to fall, but there was a gradual increase in prices in 2013 to 2014, so the shift from 2014 to 2015 has also been gradual,” Lyall says. “We’re not seeing a huge shift in prices.”

The largest drop in the benchmark price in December was in the apartment market, recording $285,500 down 4.96 per cent from December 2014’s $300,400.

The attached homes benchmark price was $351,400 in December down 1.35 per cent from December 2014’s $356,200, while the detached benchmark price was $508,700 in December down 1.91 per cent from December 2014’s $518,600.

Trending

Preparing for the new down payment requirement

By Wayne Karl

FEB. 15, 2016 LOOMS large on the

mortgage landscape – that’s when the new down payment requirement kicks in for properties between $500,000 and $1 million.

Federal Finance Minister Bill Morneau in December announced changes to the rules for governmentbacked mortgage insurance, intended to contain risks in the housing market, reduce taxpayer exposure and support long-term stability.

Effective Feb. 15, the minimum down payment for new insured mortgages will increase from five to 10 per cent for the portion of the house price above $500,000.

The five-per-cent minimum down payment for properties up to $500,000 remains unchanged.

What does this mean for first-time homebuyers?

Buying a house for less than $500,000? » The new down payment requirement will not affect you Buying for between $500,000 and $1 million? You have four choices: » Buy before Feb. 15 to avoid the new requirement, to still be able to put down five per cent » Delay your purchase until you’ve saved the additional funds for the new, higher down payment » Somehow come up with the additional funds now, say, with help of the Bank of Mom and Dad, or » Buy a home that is priced at less than $500,000. Depending on the market you’re in, that could mean you’d then be looking at condo, instead of a lowrise home For example, if you’re buying a property for $800,000, you would need to make a down payment of five per cent on the first $500,000

($25,000) and 10 per cent on the remaining $300,000 ($30,000). This would be equal to a total down payment of $55,000, or 6.9 per cent of the total purchase price, or an increase of $15,000.

Buying for more than $1 million? » The changes will not affect you.

You’ll need a down payment of 20 per cent, before or after the change in regulations on Feb. 15 Regional markets to be impacted While the new down payment requirement was intended primarily to slow the housing markets in Toronto and Vancouver – where average home prices are $630,876 and $947,334, respectively – the impact could be felt most elsewhere. CIBC Deputy Chief Economist Benjamin

Tal says Calgary will be hit hardest, due to the large share of high-ratio mortgages. In this city, the new measures are estimated to impact about 10 per cent of new sales, while in Toronto the figure is five per cent; in Vancouver, just 2.5 per cent.

Spike in homebuying activity Toronto-based Mortgage broker and wealth planner Calum Ross expects the new rules to cause a spike in activity before the deadline.

“Unexpected changes to the market that make access to capital more difficult historically have had a significant short-term impact, followed by an adjustment,” he told New Home Guide.

Expect market activity to go up substantially on homes priced between $500,000 and $1 million through until the deadline.

Existing eligibility rules

Eligibility rules as of Feb. 15, 2016

Home purchase price

Minimum down payment percentage

Minimum down payment amount

Minimum down payment percentage

Minimum down payment amount

Under $500,000 $600,000 $700,000 $800,000 $900,000 $999,000 $1 million and up

5% 5% 5% 5% 5% 5%

Up to $25,000 $30,000 $35,000 $40,000 $45,000 $50,000 $200,000 and up

5% 5.8% 6.4% 6.9% 7.2% 7.5%

Up to $25,000 $35,000 $45,000 $55,000 $65,000 $75,000 $200,000 and up

20%

20%

MORE TRENDING ONLINE ypnexthome.ca/news

JAN 29 - FEB 26, 2016 | HOME GUIDE 25

r Defending your interests

JAMIE MACOUN

CHESTERMERE • $1,095,000 Beautiful 3000 sq. ft. 4 Bedroom Lake House, In floor heating in dining area and basement as well as in the over sized 2 car garage. Swim, fish boat or just enjoy the sun. Move in Ready Home for Raising a Family and Entertaining with Friends.

LD SO

LD SO

120 SUNLAKE GARDENS SE • $395,000

16 SUNMEADOWS ROAD SE • $549,900

2030 Sq. ft. 2 car garage. 4 bedroom unit with two full masters with ensuite. Great for a growing family, or older family wanting the Turnkey Lifestyle. These units sell fast.

A GARDENERS DREAM. A 2500 sq. ft. 4 bedroom, 2 Car Garage. Gem on a quiet street. Beautiful gardens and sitting area with Electric Top Hot Tub.

(403) 510-9530 • #205, 525 28th Street SE • macounrealestate@gmail.com

www.macounrealestate.com

JANUARY - FEBRUARY 2016

real properties BRITISH COLUMBIA & ALBERTA

IN THIS SECTION

>> GLENIFFER LAKE >> GULL LAKE >> SYLVAN LAKE >> INVERMERE/COLUMBIA VALLEY >> OKANAGAN REGION >> VANCOUVER ISLAND

CHER WITH WALK-IN BASEMENT

$599,900 - 614 Parkway

$349,900 - 7230 Sea Cliff, East Sooke

many extras in quiet and picturesque surroundings. n floor plan-car garage plus ample driveway, tio, skylights, plus so much more.

PLUS a 2-bedrm In-law and many extras in q High quality finishing, open floor plan-c landscaped lot, 2 decks & patio, skylights, plu

Tranquil views of Whiffen Spit & Sooke Harbour from this .26 ACRE sunny south oceanfront lot. The Silver Spray Development has wonderful plans which will only increase your investment. City water & hydro at lot. Southern tip of Vancouver Island.

Nancy Vieira

Nancy Vieira

(250)514-4750

Call Nancy Direct

Call Nancy Direct (250) 514-4750 for Victoria & Southern Vancouver Island

Call Nancy Direct (250)514-4750 ISLAND LIVING its BEST! Make this the best move of your life! for Victoria & SouthernAT Vancouver Island SO

$162,000 1 bed / 1 bath 1 acre in a prime location.

TC-1 (Tourism Commercial-One)

DUNCAN

FRENCH BEACH

PORT RENFREW

ULCUELET

LD

$159,000 1 bed / 1 bath Natural beauty of ocean and wildlife Walk on waterfront, great views

$165,000 Building Lot on 1.40 Acres Walk To Beach! Allows mobile or home.

$199,900 2 bed / 2 baths Private view deck to enjoy the sunshine Elevator. Top Floor.

SO

SOOKE

SOOKE

3 Residences $1,600,000 11 beds / 9 baths, 5 Acres.

Swim in your own 50'deep lake.

Rainbow trout, sandy beach.

SOOKE

COBBLE HILL

$1,100,000 11 acres zoned for 4 houses! Private oceanfront, Cove with beach.

$479,900 4 bed/3 bath Over 3000 sq.ft. on 4 levels!

Amazing Ocean Views!

$339,900 4 bed / 2 bath Fullly fenced .20 acre with two story finished basement with suite potential! $458,000 4 bed / 2 bath Private level entry home with full walk out basement on beautifully landscaped & very sunny ocean view home on 2.51 acres.

Plus Huge 30'x26' shop, dog run, and pond.

Municipal Water.

PORT RENFREW

SOOKE $498,000 ALR RIVERSIDE level 65 ACRES on Gordon River located on Southern Vancouver Island.

$299,900 3 bed / 1 bath One acre with 2005 modular home, great place for a hobby farm, lots of parking

$600,000 7.42 Acre, breathtaking wild west coast oceanfront lot on the tip of Juan de Fuca Strait, on the SW coast of Vancouver Island

REVENUE PROPERTY

CENTRAL SAANICH

$249,900 Lot 3 Mark Lane Ocean view Building Lot in beautiful Willis Point area.

$364,900 3 bed/3 bath with views.

Upper Legal Half Duplex (two storey).

Private backyard.

Top two floors.

1 left. NO FEES.

SOOKE

PORT RENFREW

LD

$225,000 2 bed / 2 bath Ocean & Mtn Views from this well located home. Walk to beach or store!

(250

Nancy Vieira

Victoria 250.384.8124 • West Shore 250.478.9141 • Sooke 250.642.3240 • Cobble Hill 250.743.3838

Virtual tours at www.nancyvieira.com • info@nancyvieira.com • Toll Free1.800.665.5303

PORT RENFREW

ira

SOOKE

ct

LEVEL ENTRY RANCHER WITH

PRICELESS TREASURE OFFERED!

- 614 Parkway Place, Colwood

$1,880,000 Damali Lavender & Winery Farm includes architecturally designed home, Guest House/Suite,Winery Shop, Workshop/Gift House/Loft all on picturesque 13.17 acres

Virtual tours at www.nancyvieira.com • info@nancyvieira.com • Toll Free 1.800.665.5303 Virtual tours •atWest www.nancyvieira.com • info@nancyvieira.com •Toll Free 1.800.665.5303 Victoria 250.384.8124 Shore 250.478.9141 • Sooke 250.642.3240 • Duncan 250.746.8123 Victoria 250.384.8124 • West Shore 250.478.9141 • Sooke 250.642.3240 • Duncan 250.746.8123

Victo

Virtu

Nancy Vieira Nancy Vieira

CHER WITH WALK-IN BASEMENT

- 614 Parkway Place, Colwood

many extras in quiet and picturesque surroundings. n floor plan-car garage plus ample driveway, tio, skylights, plus so much more.

ct

PRICELESS TREASURE OFFERED! $349,900 - 7230 Sea Cliff, East Sooke

Tranquil views of Whiffen Spit & Sooke Harbour from this .26 ACRE sunny south oceanfront lot. The Silver Spray Development has wonderful plans which will only increase your investment. City water & hydro at lot. Southern tip of Vancouver Island.

(250)514-4750

ira

Call Nancy&Direct (250)514-4750 for Victoria Southern Vancouver Island Call Nancy Direct (250) 514-4750

for Victoria & Southern Vancouver Island ISLAND LIVING AT its BEST! Make this the best move of your life!

Victoria 250.384.8124 • West Shore 250.478.9141 • Sooke 250.642.3240 • Cobble Hill 250.743.3838

Virtual tours at www.nancyvieira.com • info@nancyvieira.com • Toll Free1.800.665.5303

3500 Telegraph Road, Cobble Hill - $1,880,000 Damali Lavender & Winery includes architecturally designed home on picturesque 13.17 acres with panoramic valley, Salt Spring Island and ocean views. Currently operated as a successful French style farmhouse B&B combined with a converted barn made winery, licensed picnic area, boutique gift shop and tasting room. Products include gentle slopes nurturing fields of lavender, fruit orchards, vineyard, fertile gardens and commercial rhubarb plantation. From the quaint patio areas for sitting and admiring the views to the actual working parts of the estate you can still appreciate being located at the 49th parallel known for the perfect growing season. The main home perches at the top of the property overlooking the vineyard and fields. Extra revenue from the beautiful Guest House with lower entry suite.

Virtual at www.nancyvieira.com• •info@nancyvieira.com info@nancyvieira.com •Toll •Free Virtual tours attours www.nancyvieira.com Toll1.800.665.5303 Free 1.800.665.5303 Victoria 250.384.8124 • West Shore 250.478.9141 • Sooke 250.642.3240 • Duncan 250.746.8123 Victoria 250.384.8124 • West Shore 250.478.9141 • Sooke 250.642.3240 • Mill Bay 250.733.0770

MARK

Landscaper

MEGAN & JENNIFER

Interior Designers

FEB 25 28 TREVOR Contractor

SAVE $4 BUY TICKETS ONLINE

PROMO CODE: REALADVICE *ON REGULAR ADULT ADMISSION

The Calgary Home + Garden Show is the most trusted resource for every home improvement project, inside and out. With big names like André Chevigny from HGTV’s Timber Kings and more than 650 exhibitors and a slew of exciting new features, there’s real advice, real inspiration and real experts at every turn.

CALGARYHOMEANDGARDENSHOW.COM

PRODUCED BY