Kirby Cox's Calgary Real Estate Blog

236 - 31 Avenue NE | JUST LISTED!!

236 - 31 Avenue NE, Calgary T2E 2E9

$699,900

BUILDER & INVESTMENT ALERT zoned M-CG d75 in the sought-after inner city community of Tuxedo Park on this PRIME 5995 SqFt RECTANGULAR FLAT LOT (50x120ft) only A BLOCK AWAY FROM Georges P. Vanier SCHOOL & COMMUNITY PARK SPACE & within WALKING DISTANCE TO BUS STOPS & only a few short blocks to the future Green Line LRT along Centre Street. RARE QUIET MID-BLOCK LOCATION, with the highly-desirable M-CG d75 ZONING allowing for 4-PLEX development, next to an under-construction townhome project & surrounded by a mixture of charming bungalows & custom infills. This SOUTH-FACING LOT has an updated bungalow with NEW VINYL FLOORING, BASEBOARDS & INTERIOR PAINT, spacious kitchen with built-in storage, 2 bedrooms…

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CREB Real Estate Forecast 2023

Calgary Hot Spot for In Canada for Migration in 2023

The Calgary Real Estate market is expected to stabilize in 2023 after two years of record growth. Most importantly for potential homebuyers, a slight drop is also expected in home prices, according to the Calgary Real Estate Board.

“Our market is not as bad as what people might think it is,” said Ann-Marie Lurie, chief economist for CREB. “Although we’re going through a period of adjustment . . . we’re still performing relatively well.”  She said Calgary experienced a price adjustment following the 2014 oil price crash, which is cushioning it from the major corrections seen in other markets, such as Vancouver and Toronto.

Migration to Alberta (mainly from Ontario and B.C.) paired with high…

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210 Royal Crest Place NW | JUST LISTED!!

210 Royal Crest Place NW, Calgary T3G 4M9

$629,900

Here in Royal Oak Estates lies this beautifully appointed custom-built bungalow built by Albi Homes, tucked away in this quiet cul-de-sac within walking distance to community parks & bus stops. Offering a total of 4 bedrooms & 3 full baths, this lovely air-conditioned home enjoys soaring vaulted ceilings, hardwood & tile floors, open concept kitchen with granite counters & quaint backyard with covered deck & mature trees. You'll just love the free-flowing design of the main floor with its dramatic great room with fireplace & wall of picture windows, open concept dining nook with garden doors to the deck & gorgeous family kitchen with skylight, centre island with raised bar & upgraded stainless…

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444 Nolan Hill Boulevard NW | JUST LISTED!!

444 Nolan Hill Blvd NW, Calgary T3R 0Y1

$389,900

Can you see yourself in this stylish & comfortable townhome in the popular CARNABY HEIGHTS condo project in Nolan Hill? Then all you have to do is move in, unpack & enjoy this gorgeous 3 storey home from JaymanBUILT, with 2 sunny bedrooms - both with their own ensuites, upgraded laminate floors & designer kitchen with Samsung stainless steel appliances. Step through the front door into the bright & roomy flex room which is the perfect space for your home office, exercise room or living room. You'll love the 9ft ceilings & open concept flow of the 2nd level, with its great-sized living room, spacious dining area & white kitchen with quartz counters & subway tile backsplash, soft-close cabinetry &…

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1456 Varsity Estates Drive | New Listing!

1456 Varsity Estates Drive NW | $869,900!

You won't want to miss this chance to raise your family in this lovingly maintained bi-level in the sought-after neighbourhood of Varsity, siding onto the Silver Springs golf course & walking distance to off-leash parks & the trails to Bowmont Park. This fully finished 4 bedroom / 3 bath home enjoys vaulted ceilings & exotic Jatoba hardwood floors, cherrywood kitchen with tile floors, 2 fireplaces & huge covered deck with views of the golf course. Vaulted cedar ceilings span the entire main floor, from the beautiful foyer with brick feature wall, open concept living/dining room with its wood-burning fireplace & 2 sets of sliding doors to the deck, & spacious eat-in kitchen with white appliances - including…

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160 Edelweiss Drive NW | New Listing!

NEW Listing!!  160 Edelweiss Drive NW  $1,349,900

Stunning two-story home on the ridge in Edgemont!  Surrounded by simply stunning views of the mountains & Canada Olympic Park is this lovingly maintained estate home, perched on the ridge on one of Edgemont's most highly sought-after streets. Offering a total of 4 bedrooms, 3 car garage & central air, this amazing home enjoys rich hardwood floors & 2 fireplaces, sun-drenched oak kitchen with black appliances, huge deck with awning & extensive improvements including rubber roof, furnaces & hot water tanks.

Step through the front doors & be greeted by the elegant foyer with its grand staircase & wood paneling, which is open to the gracious living room with soaring vaulted ceilings & formal…

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Calgary’s Real Estate Market Insulated

The Bank of Canada (BoC) has continued its aggressive monetary tightening policy with the highest policy interest rate among the G7 countries, currenting sitting at 3.25% as of September 7th.

In turn, Canadian banks have increased their prime rates to 5.45%.  The goal is to tamp down inflation that has been rampaging at a frenetic pace. Many financial institutions and experts are predicting these interest rates may trigger a 2023 recession.

How does this impact Alberta?

Alberta's economy is somewhat insulated from a market downturn. With world energy prices about to potentially increase this winter (if Russia continues its war efforts) then the Alberta government in conjunction with local energy companies are in good shape to cash in.  Our…

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Buying a Vacation Home

Do you dream of waking up surrounded by nature, whether that’s opening your eyes to a sea of spruce trees and glistening mountain tops or hearing the gentle waves from the lake washing ashore on the beach below?

Cottage season is just throwing open it’s shutters and for many it reawakens the dream of owning a second home. Prices of recreational properties have sky rocketed in recent years and like the housing market as a whole, there’s a serious shortage of homes available in Canada. Before you turn that dream into a reality, here are some pointers to guide you..

Location, location, location…

Distance is key. It is so tempting when scrolling through MLS to see a beautiful property and stretch the travel time to put it in reach. The reality is…

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The New Home Dilemma

The liberal budget & your new home. 

So you want to buy a new home but it feels like the mountain ahead of you is too steep. House prices keep rising. Interest rates and inflation mean your mortgage now costs more and so does your cost of living. If you’re looking at a new build, add to that lumber prices, aluminum prices and supply chain delays. Enter the Liberal budget with it’s focus on housing. Is relief finally in sight?

Doubling the number of new homes

We constantly hear it’s a sellers market. That’s because there’s a lack of available homes for sale across the country. Basically to catch up with demand the government aims to double the number of new homes being built in the next ten years. The budget put forward a host of new measures. Top…

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Luxurious Highs in Calgary

Luxury is back. Forget covid and the economic downturn, multi million dollar homes are selling like hot cakes in some parts of the country.

We’ve all heard about the focus on our homes during covid and it appears the luxury market is also basking in that spotlight. A number of recent reports like Royal Le Page’s on Quebec luxury market have found prices and sales of luxury homes have been rising healthily since last year. So just for fun we took a look at what $5m would get you in the Calgary area and who are the lucky potential buyers?

The Concord $5,999,999

Listed by Rowena Chan, Engels and Volkers

It’s one of the priciest pieces of real estate on the market currently in Calgary. A smidge over our $5m budget this penthouse 3…

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