The key to an organized home is clutter-free countertops. Whether it's in the kitchen, bathroom, or laundry room, it's hard to keep ...
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Please visit our Open House at 1503 1078 6 AVENUE SW in Calgary. See details here Open House on Sunday, July 20, 2025 2:00PM - 4:00PM ...
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I have listed a new property at 1503 1078 6 AVENUE SW in Calgary. See details here Welcome to Riverwest! This beautiful 1-bedroom plus ...
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I have listed a new property at 3315 302 Skyview Ranch DRIVE NE in Calgary. See details here This sunny and bright 2-bedroom, 2-bathroom ...
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I have sold a property at 1149 Hillcrest LANE SW in Airdrie on Sep 23, 2024. See details here
Ensure you are pre-approved for a mortgage. Welcome to your dream home at 1149 Hillcrest Lane SW, Airdrie! This meticulously maintained semi-detached duplex, built in 2013, is ideally situated in the highly sought-after community of Hillcrest. It’s ideal for first-time buyers, those looking to upsize, and families eager to settle in a vibrant neighbourhood, offering a lifestyle that blends comfort, convenience, and community charm. Step inside to discover a total floor area of 1,919.03 sq ft of thoughtfully designed living space. The main floor welcomes you with a wide foyer featuring tile flooring, leading seamlessly into the cozy living room. Here, carpeted floors and a charming gas fireplace set the tone for relaxing evenings. The gourmet kitchen, adorned with granite countertops, hardwood flooring, and ample cabinetry, is a chef’s delight, flowing effortlessly into a spacious dining area perfect for family gatherings. A stylish 2-piece washroom on the main floor adds convenience for guests. At the same time, a double-car garage provides ample space for two mid-sized cars, a regular car, SUV, or van, with additional parking available on the long driveway and an extra gravel-laned spot beside it. On the upper floor, you’ll find a generous-sized primary suite that easily accommodates a king-size bed. The luxury of a walk-in closet and a 4-piece ensuite featuring a soaker tub and an oversized shower with a seat makes this a perfect retreat. An upstairs bonus/family room provides a versatile space for relaxation or entertainment, while two additional well-sized bedrooms offer plenty of space for family members or guests. A 4-piece main bathroom and an upper-floor laundry room with storage shelves enhance the functionality of this floor. The spacious basement, featuring two windows, presents a blank canvas ready for future development to suit your tastes and needs. Outdoor living is equally appealing, with sliding glass patio doors from the dining area leading to a large rear deck with laminate flooring. It’s the perfect spot for summer BBQs and gatherings. The fully fenced, low-maintenance backyard offers a safe play area for kids and pets, creating an oasis for relaxation and fun. Hillcrest is a vibrant community with a wealth of amenities at your doorstep. Enjoy the convenience of nearby parks, grocery stores like Save-On-Foods and Walmart, cozy cafes such as Bida's Kape and Samosa Cafe, and popular restaurants including The Cravery and Morning Brunch Co. Schools are within easy reach, making morning drop-offs a breeze, and with quick access to transit and major roads, commuting is hassle-free.
Justin Dallaire senior editor
This is the MoneySense Special Edition Newsletter, where we cover news headlines affecting Canadians’ finances.
The federal government announced two big changes to mortgage rules today. Both are aimed at making home ownership more affordable for Canadians, particularly those entering the real estate market for the first time. The new rules take effect on Dec. 15.
First, the government is raising the cap for insured mortgages. Currently, Canadians buying a home with a down payment of less than 20% of the purchase price must pay for mortgage default insurance, which protects lenders. Homes valued at $1 million or more must have a down payment of at least 20%, and they’re ineligible for mortgage default insurance. Under the new rules, buyers will be able to purchase homes valued at up to $1.5 million with a down payment of less than 20% and get an insured mortgage.
Second, the government is expanding access to 30-year mortgages. Currently, insured mortgages can have amortizations of no more than 25 years. (The exception is first-time buyers acquiring a new-construction home, who have been able to get a 30-year mortgage since Aug. 1, as part of changes introduced in the 2024 federal budget.) As of Dec. 15, all first-time home buyers will be able to access 30-year amortizations, regardless of the type of home, as will anyone buying a new-build home (including condos).
The government describes the changes as “the most significant mortgage reforms in decades.”
What does it mean for you?
Many Canadians view mortgage affordability through the lens of monthly payments—not the total cost of borrowing to buy a home. So, the new rules will indeed make home ownership more affordable for first-time buyers—though it may also lead buyers to pay more over the life of the loan than they would with a shorter mortgage.
Raising the cap on insured mortgages will “make it possible for buyers to purchase higher-priced homes with smaller down payments, and in some cases, give them access to more competitive mortgage rates as insured borrowers,” Penelope Graham, a mortgage expert at Ratehub, tells MoneySense exclusively for this newsletter. (Ratehub and MoneySense are both owned by Ratehub Inc.) “Spreading payments over a 30-year amortization period will also help improve monthly cash flow, which in turn helps with qualification ratios and passing the mortgage stress test.”
The Canadian real estate market has had a slow summer, in spite of three Bank of Canada interest rate cuts, in June, July and September. Surely, these cuts have lessened borrowing costs, and theoretically, should have sparked more home purchases (as ultra-low interest rates did during the pandemic).
Graham believes the mortgage rules coming into effect in December may be the push buyers need. “Combined with [more] anticipated interest rate cuts from the Bank of Canada, today’s announcement could be the incentive buyers have been waiting for to re-enter the market.”
A surge in buyer demand may ultimately drive up home prices—a side-effect the federal government should be trying to avoid, given the high prices Canadians already face. So, the question remains: Is this a good time to buy a home in Canada?
I have listed a new property at 143 Morningside MANOR SW in Airdrie. See details here
Welcome to this charming 3-bedroom, 2.5-bath home, perfectly situated on a quite street. Step into the spacious living room, featuring large windows that fill the space with natural light, and a cozy fireplace perfect for relaxing. Through the back of the main level you step into an inviting kitchen equipped with black appliances, a spacious island with a breakfast bar, and a corner pantry. The dining area features large bay windows, flooding the space with natural light. Upstairs, the primary retreat offers a 3-piece ensuite and a large closet. Two additional generously-sized bedrooms and a 4-piece bath complete the second level. The unfinished lower level comes with roughed-in plumbing and is awaiting your creative vision. With-in walking distance you will find schools, parks, shopping, walking paths and easy access to both 40th Ave and Yankee valley Blvd. THIS HOME HAS A TON OF POTENTIAL AND IS IN A FANTASTIC LOCATION, IT WON'T LAST LONG!!!!. Be sure to check out the VIRTUAL TOUR LINK for hi-tech interactive floorplans/hi-def photos/virtual tours where you can "walk" throughout all the rooms of the property.
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Detached home sales fell by 14 per cent compared to last year, as gains in homes priced above $600,000 were not enough to offset declines in the lower price ranges, which continue to struggle with low supply levels. In August, there were 2,011 detached homes available in inventory, with over 85 per cent priced above $600,000.
The improving higher-end supply compared to sales helped push the months of supply up to nearly two months. While market conditions are still tight, this is a significant improvement from the under-one-month supply experienced in the spring. Shifting conditions are relieving some pressure on home prices. In August, the unadjusted detached benchmark price was $762,600, slightly lower than last month but still over nine per cent higher than last year.
With 297 new listings and 172 sales, the sales-to-new-listings ratio in August dropped to 58 per cent, which is more consistent with pre-pandemic levels. This shift supported a rise in inventory levels, and the months of supply rose to nearly two months.
While conditions remain relatively tight, the boost in new listings has helped ease some of the pressure on prices. In August, the unadjusted benchmark price was $681,200, a decline from last month but nearly 10 per cent higher than last year.
New listings row for homes priced above $400,000, contributing to year-to-date growth of nearly 16 per cent. At the same time, slower sales over the past three months have contributed to inventory gains. In August, there were 660 units available, a 75 per cent increase over the exceptionally low levels reported last year. While inventories are still low by historical standards, as with other property types, this shift is helping ease pressure on home prices.
The unadjusted benchmark price in August was $461,700, slightly lower than last month but over 12 per cent higher than last August. Monthly adjustments were not consistent across districts, with adjustments in the City Centre, North West, North, and West districts mostly driving monthly declines. Despite the monthly adjustments, year-over-year prices remain higher than last year across all districts and range from a low of 10 per cent in the City Centre to a high of 26 per cent in the East district.
New listings in August reached 1,001 units, a record high for the month. The gains in new listings were met with a pullback in sales, causing the sales-to-new-listings ratio to drop to 60 per cent and inventories to rise to 1,476 units. Unlike other property types, overall condominium inventory levels were relatively consistent with longer-term trends for the month.
Rising inventory and easing sales caused the months of supply to increase to nearly two and a half months, not as high as levels seen before the pandemic but an improvement over the extremely tight conditions seen over the past 18 months. In August, the unadjusted benchmark price was $346,500, similar to last month and nearly 16 per cent higher than last year’s prices.
New listings in Airdrie continued to rise this month compared to last year. However, with 242 new listings and 172 sales, the sales-to-new-listings ratio remained relatively high at 71 per cent. This prevented a stronger gain in inventory levels and kept the months of supply below two months. The tightest conditions in the market continue to be in the lower price ranges of each property type.
While conditions continue to favour the seller, they are not as tight as during the spring months, taking some pressure off home prices. In August, the unadjusted benchmark price was $553,300, similar to last month and nearly eight per cent higher than last year.
August reported 81 sales and 109 new listings, keeping the sales-to-new-listings ratio elevated at 74 per cent, enough to prevent any gain in inventory levels. With 144 units available, inventory levels are nearly 42 per cent below long-term trends for the month.
Persistently tight conditions continue to drive further price growth in the town. In August, the unadjusted benchmark price was $578,600, slightly higher than last month and over eight per cent higher than last year’s levels. Prices have risen across all property types, with the largest gains occurring for apartment-style properties.
A boost in detached sales supported the rise in August sales compared to last year. The 67 sales in August were met with 84 new listings, pushing the sales-to-new-listings ratio near 80 per cent. This prevented any significant shift in inventory levels, which remain nearly 47 per cent lower than long-term trends.
With just over one month of supply, conditions remain relatively tight. The unadjusted benchmark price in August was $622,700, similar to last month and over seven per cent higher than last August.
I have listed a new property at 2319 215 Legacy BOULEVARD SE in Calgary. See details here
Welcome to this inviting and modern 1-bedroom, 1-bathroom condo, perfect for first-time home buyers or savvy investors. This delightful home features an open floor plan, creating a spacious and airy atmosphere that is perfect for comfortable living and entertaining. Situated close to the lake, you can enjoy picturesque views and outdoor activities. Local amenities, including shops, restaurants, and schools, are just a short distance away, making everyday life a breeze. Don't miss the opportunity to own this fantastic condo that combines comfort, convenience, and a great location. Whether you're starting your homeownership journey or looking for a smart investment, this property has it all! Please check out the VIRTUAL TOUR LINK for hi-tech interactive floor plans/hi-def photos/virtual tours where you can take a "walk" throughout all rooms of the property.
By CREB®
Landlords play a crucial role in the rental market, balancing property management responsibilities with tenants' rights. Evictions, while often seen from a tenant’s perspective, also significantly impact landlords.
Understanding the reasons and processes behind evictions is vital for landlords to manage their properties effectively. This article explores some key principles behind what constitutes grounds for eviction and how to handle the process in the best way possible.
There are several reasons why a landlord may want to evict a tenant from their property. Overall, the most common and heard reason for eviction is non-payment of rent. However, there are a few other grounds for which a landlord may evict a tenant:
Breaking of rental agreement terms or conditions
Damage to the rental premises
Disturbing or endangering others in the rental premises
Not maintaining clean rental premises
Not vacating when a tenancy ends
Interference with the landlord or landlord’s employees
Assaults or threatens to assault the landlord or other tenant
All notices for eviction must be in writing. The notices must include the address, reasons for eviction, and end date of the tenancy and must be signed by the landlord. If the notice is delivered via email, ensure that you are using read receipts so there is confirmation that the tenant has received it, although the tenant can refuse the request to send a read receipt.
A physical copy is strongly recommended to be delivered via registered mail or physically to the property. If the notice was posted to the property's front door, ensure that a photo is taken of the notice posted and record the date and time that the notice was posted.
Be sure to collect and save all documents relating to the eviction, as they may be used as evidence if the matter is brought before the courts or the Residential Tenancy Dispute Resolution Service (RTDRS). Documents can include photographs, emails, text messages, recordings, etc.
24-hour notice to vacate – This is used when a tenant has caused significant damages to the rental premises or physically assaulted or threatened to assault either the landlord or another tenant physically.
48-hour notice to vacate – This is used if an unauthorized occupant is living at the rental premises.
14-day notice to vacate – This type of notice would be used if there was a substantial breach by the tenant in the rental property (grounds noted above).
Important note: For notices about non-payment of rent, the landlord must include a statement that the tenancy will not be terminated if the tenant pays the due rent and any overdue rental payments on or before the termination date specified in the notice.
If a landlord has provided the eviction notice to the tenant, they may object to the reasoning behind it. The landlord can then apply to either the courts or the RTDRS for a court order to terminate the tenancy. Until the courts or the RTDRS issues the order, the tenant will remain at the property until the case has been heard.
This stage will be covered in a future article, discussing the differences between the RTDRS versus the courts and how landlords can effectively navigate this process.
By CREB®
With the busy spring market behind us, we are starting to see some shifts in supply levels. With 2,380 sales and 3,604 new listings, the sales-to-new listings ratio fell to 66 per cent, supporting a gain in inventory.
Inventories rose to 4,158 units, still 33 per cent below what we typically see in July, but the first time they have pushed above 4,000 units in nearly two years. Although the majority of supply growth occurred for homes priced above $600,000, the rise has helped shift the market away from the extreme sellers' market conditions experienced throughout the spring.
"While we are still dealing with supply challenges, especially for lower-priced homes, more options in both the new home and resale market have helped take some of the upward pressure off home prices this month," said Ann-Marie Lurie, Chief Economist at CREB®. "This is in line with our expectations for the second half of the year, and should inventories continue to rise, we should start to see more balanced conditions and stability in home prices."
July sales eased by 10 per cent over last year's record high but were still higher than long-term trends for the month. Like last month, the pullback in sales has been driven by homes priced below $600,000. Nonetheless, the gain in inventory combined with slower sales caused the months of supply to rise to 1.8 months, still low enough to favour the seller but a significant improvement from the under one month reported earlier this year.
Improved supply helped slow the pace of monthly price growth for each property type. In July, the total residential benchmark price was $606,700, similar to last month and nearly eight per cent higher than last year's levels.
To read the full stats release on July's housing market for Calgary and surrounding areas, click here.
We have seen a slight improvement in Inventory but not enough to off set demand. This beautiful home in Luxstone is conditionally sold after only a few days on the market. Are you thinking of making a move? Call or text 403-660-0102 or check out my website shelleycorley.ca
#sellersmarket2024 #homemarketing #realestatemarket #hotmarket🔥 #SellingHomes
I have sold a property at 24 Thornleigh WAY SE in Airdrie on Jul 19, 2024. See details here
Charming Two-Story Home in Thorburn, Airdrie - A Perfect Blend of Modern Comfort and Classic Charm with the potential of 5 bedrooms and 4 baths. Welcome to your dream home in the mature and picturesque community of Thorburn! This beautifully renovated two-story residence offers a bright, open floor plan with plenty of windows, allowing natural sunlight to flood the living spaces and comes with central air conditioning. Situated close to schools, parks, and all amenities, this home is ideal for families seeking convenience and a friendly neighbourhood atmosphere. As you step onto the inviting front porch and enter the spacious entryway, you are greeted by a large living room featuring a built-in shelf, perfect for displaying your favourite books and decor. The main level boasts stunning vinyl plank flooring, adding both style and durability. The heart of the home, the chef-style kitchen, is equipped with a high-end stainless steel appliance package, a striking white waterfall island with seating, and ample counter and cabinet space. Adjacent to the kitchen, the spacious dining room features a focal electric fireplace and patio doors that open to a west-facing composite deck, ideal for barbecues and outdoor gatherings. Enjoy the convenience of a large boot room and a main floor laundry room complete with a washer and dryer. Also, there is a main floor half bath. The expansive backyard is fully fenced and landscaped, featuring two sheds, RV parking with gate access, and a covered area to enjoy year-round outdoor living. The upper level offers a luxurious primary bedroom with a spa-like ensuite bath, a walk-in closet, and an additional large walk-in closet that can be used as a den or office area. Two additional generously sized bedrooms, one with its own walk-in closet, provide plenty of space for family and guests. A well-appointed four-piece bathroom completes the upper level. The fully framed lower level features two additional large bedrooms with large newly installed windows, a spacious family room, ample storage space, and a roughed in bathroom. Customize this space to suit your needs and preferences. Additional features of this charming home include a double car garage with tons of shelving and a workbench, ideal for DIY projects and extra storage. This home truly has it all – a perfect blend of modern amenities and classic charm in a vibrant community. Don’t miss your chance to make this gem your own! Contact us today to schedule a viewing.
I have sold a property at 106 Hillcrest CLOSE SW in Airdrie on Jul 10, 2024. See details here
Welcome home to your stunning 3-bedroom, 2.5-bath attached home. As you walk in the door, you are greeted by a bright, open floor plan. The kitchen is the heart of this home, featuring an oversized island, quartz counters, a custom locally made white oak hood fan, zellige backsplash tiles made in Spain, a custom pantry system, custom lighting and hardware, white custom cabinets, floating shelves, and stainless steel appliances. Completing the main level, you have a bright, open living room, a large dining area, and a 2-piece bath. Upstairs, you will find your laundry area with built-in storage, two generously sized bedrooms, and a large master retreat with a beautiful 3-piece ensuite and a large walk-in closet with a custom closet organizer. The basement has been framed and is just waiting for your design ideas. seller has the design renderings and approved electrical plan. As you walk through this home, you will notice all the stunning and stylish upgrades. The backyard features a deck and stonework, eliminating the need for grass. The double garage has extra-high ceilings and a French sliding door, making it perfect for use as a shop, gym, or extra dwelling area. Everything in this home has been thoughtfully designed and upgraded. There is also an underground conduit leading out to the garage for new owners to easily add electricity for electric vehicles. The home offers smart tech, mini googles, light switches, locks, cameras, and smoke/c02 detectors. This is not a cookie-cutter home and will not last long. Book a showing with your favorite realtor today!
I have sold a property at 353 Spring Haven COURT SE in Airdrie on Jul 6, 2024. See details here
Discover the perfect opportunity to own a beautiful, modern mobile home on an expansive lot in a serene cul-de-sac! Built in 2008, this well-maintained property offers over 1,000 square feet of comfortable living space, featuring three bedrooms and two full four-piece bathrooms. Step into a spacious, contemporary kitchen equipped with all the appliances you need and ample counter space for meal prep and entertaining. The inviting, clean, and modern interior creates a warm and welcoming atmosphere throughout. The home boasts a large master bedroom with an ensuite, 2 good sized bedrooms, and a 4 piece bathroom. New roof August 2018. Outside, you’ll find a huge private backyard, fully fenced and landscaped—ideal for children and pets to play safely. This home combines tranquility, modern comforts, and exceptional value, making it a must-see! Priced to sell, this is your chance to own a truly inviting and affordable home. Don’t miss out on making this your new haven!
I have listed a new property at 106 Hillcrest CLOSE SW in Airdrie. See details here
Welcome home to your stunning 3-bedroom, 2.5-bath attached home. As you walk in the door, you are greeted by a bright, open floor plan. The kitchen is the heart of this home, featuring an oversized island, quartz counters, a custom locally made white oak hood fan, zellige backsplash tiles made in Spain, a custom pantry system, custom lighting and hardware, white custom cabinets, floating shelves, and stainless steel appliances. Completing the main level, you have a bright, open living room, a large dining area, and a 2-piece bath. Upstairs, you will find your laundry area with built-in storage, two generously sized bedrooms, and a large master retreat with a beautiful 3-piece ensuite and a large walk-in closet with a custom closet organizer. The basement has been framed and is just waiting for your design ideas. seller has the design renderings and approved electrical plan. As you walk through this home, you will notice all the stunning and stylish upgrades. The backyard features a deck and stonework, eliminating the need for grass. The double garage has extra-high ceilings and a French sliding door, making it perfect for use as a shop, gym, or extra dwelling area. Everything in this home has been thoughtfully designed and upgraded. There is also an underground conduit leading out to the garage for new owners to easily add electricity for electric vehicles. The home offers smart tech, mini googles, light switches, locks, cameras, and smoke/c02 detectors. This is not a cookie-cutter home and will not last long. Book a showing with your favorite realtor today!