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Calgary Real Estate News

Beginning April 1, 2018, if a consumer is buying a new condominium in Alberta from a developer – an Alberta lawyer must hold the buyer’s purchase deposit in trust while the condominium is being built. Service Alberta announced this change in October 2017.

Prior to April 1, a real estate brokerage or the condominium developer could hold a buyer’s deposit in trust. Real estate professionals who are representing buyers during their purchase of a new condominium from a developer should confirm the developer uses a lawyer who is an active member of the Law Society of Alberta, and that they operate a trust account under the Legal Profession Act. You must also ensure your clients write their deposit cheques to the developer’s lawyer, in trust, and not to the

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Killarney Calgary - Information for Buyers of Killarney Homes!

In the heart of the city’s southwest lies a beautiful urban-suburban gem called Killarney. The Killarney community is known as one of the most desirable communities in Calgary, not just for the location, but also for what lies within this community. Imagine, coming home from work and passing all the stunning tree lined streets and seeing homes with beautiful character. Book an appointment and take a look at some of the Killarney homes for sale!

The Killarney real estate area was developed around the 1920’s. In the beginning most settlers that came to this area were of Irish and Scottish descent and so they decided to name this beautiful urban-suburban gem Killarney, after places in the

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Asbestos refers to a group of six types of naturally occurring minerals.
Asbestos minerals are made up of fine, durable fibers and are resistant to heat, fire and many chemicals.
However, any contact to the group of minerals can lead to major health problem caused by asbestos
exposure, aside from cancer, is a lung disease called asbestosis and pleural mesothelioma.
When a person breathes high levels of asbestos over time, some of the fibers lodge deep in the lungs.
Irritation caused by the fibers can eventually lead to scarring (fibrosis) in the lungs.


The asbestos fibers irritate and scar lung tissue, causing the lungs to become stiff.
This makes it difficult to breathe. As asbestosis progresses, more and more lung tissue becomes scarred.
Eventually, your

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Open house daily for calling 403.619.1019 to view 104 Arbour Crest Dr NW located in NW Calgary of Arbour Lake real estate.

This 3000 plus sqft. home features a walkout, in floor heating system in the basement, oversize garage, 4 total bedrooms, 3.5 baths and a view of Downtown Calgary and the Rockies. The home is located in Arbour Lake. The only community in the NW that feature lake. Walking distance to schools from public to catholic from K-12. Close to a lot of amenities and public transportation.

 

To view 104 Arbour Crest Dr NW call us at 403.619.1019

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Panorama Hills Homes for Sale

Welcome to 148 Pantego Cl NW in Panorama Hill Calgary. This home was built in 2007 by Cardel Homes just across a playground, beautiful city view, near school, and shopping.  

Highlights:

  • Freshly Painted
  • High End Quality Granite
  • High End Ledgestone Fireplace
  • 8" Baseboard
  • 2300 square feet
  • Two Tired Cedar Deck with Hot Tub, Glass Railing, and Privacy Screen
  • South Backyard

 

For more information's or want to schedule a viewing call us at 403.619.1019 or email us. 

 

Address: 148 Pantego CL NW

Price: $598,800

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The apartment segment of the market continues to face elevated inventory levels, despite improved sales. With months of supply remaining elevated at 5.9, downward price pressure persisted in February. The apartment benchmark price totaled $269,200, down 0.26per cent from last month and over five percent lower than levels recorded last year in February.

The attach (townhomes) sector recorded some improvements in sales, along with easing inventory levels. However, price adjustments are still occurring for row properties, with semi-detached product demonstrating some stability.

Despite the overall year over year construction in attached inventory levels, supply has still climbed in the $200,000 - $299,999 price range, supporting a gain in sales

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New listing coming up in the hearth of Tuscany Calgary. Located just the short distance from the Tuscany shopping center, Tuscany club and public transformation. The Mosaic Mercado is located in Tuscany Way NW. This townhomes unit 231 Tuscany Way was built in 2003, and a splits styles unit that features 3 bedroom, 1.5 baths, single attach garage, pet friendly and just little under 1200 sq.ft.

Mosaic Mercado was built by Brookfield This complex consist of 157 units that features wide selections for buyers choose from. Some units features a double master bedroom which are great for having a room mate or an investor and 2.5 baths.

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Finding the Right Place

Now the fun part begins. It’s time to find the perfect home.

Consider: location home style – condo apartment, condo townhouse, single family home number of bedrooms number of bathrooms features – garage, yard, basement suite inclusions – appliances, price size  

It’s a good idea to make a list of your needs and your wants so you can better focus your search. What are you must-haves? What are you willing to do without?

Property size is one common primary consideration for buyers. Your real estate professional is going to talk to you about property size, and the Residential Measurement Standard (RMS) in Alberta. Real estate professionals in Alberta must use the RMS when describing a residential property’s size.

The RMS

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For the fourth consecutive month, housing inventory levels have recorded year-over-year declines. At 4,112 total units, January's inventory was 18 per cent below last year's levels. 

January sales totaled 947 units, 24 per cent above last year, but 21 per cent below 10-year averages for the month. Sales activity improved across all product types, but only when compared to the near record lows that occurred in January 2016. The detached segment of the market is demonstrating the most improvement.  Sales activity totalled 584 units in January, a considerable improvement over the 466 sales recorded last year. Inventories have also declined pushing the months of supply to 3.2 months well below the 5.4 months recorded in January 2016.  

City-wide

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HSBC Mortgage Rate

HSBC Bank formerly know Hongkong Bank of Canada are offering one of the most competitive mortgage rates in Calgary right now. 2 years fix closed at 2.15% for 5 years fix closed at 2.35% and 5 years variable closed at 2.35% plus for a limited time HSBC Bank will pay up to $735 for closing cost.

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Re/Max, CREB Certified Condominium Specialist