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A message from the Institute

Members of The Institute who hold the CLHMS designation ( Stewart J Lowe, Calgary, and Area) have successfully documented performance in the TOP 10% of their markets, and have successfully demonstrated their expertise in the luxury home and estate market.

Recognized as the mark of accomplishment in luxury markets around the world, the Certified Luxury Home Marketing Specialist (CLHMS) designation assures affluent buyers and Home selling guide that the agents who have earned it have the knowledge, experience, competence, and confidence they require.

*Stewart J Lowe has been a Guild Member since January 7th 2010

Andrew Galler - Mortgage Alliance

by Stu Lowe & Lora Greco

The Bank of Canada left its trendsetting overnight rate unchanged at 1.25%. There are many names for this rate including the benchmark rate and key interest rate, so it can be confusing. Whatever it is called, this rate influences bank prime rates upon which variable rate mortgages and lines of credit are priced.

Bank governor, Stephen Poloz, announced the rate would be unchanged citing uncertainly over trade further stoked by this week’s U.S. tariffs on steel and aluminum. While broad strength in Canada and the global economy may have justified a rate increase, caution over a potential trade war warranted a wait-and-see approach.

Existing borrowers with variable rate mortgage and lines of credit have a reprieve and new applicants are seeing significant discounts for variable rate mortgages as lenders compete for business.

Andrew Galler

Mortgage Associate
Cell: 403-771-0134

Andrew@gallermortgages.com

WANTED - MINIMUM 20 ACRES OF SPRINGBANK LAND

by Stu Lowe & Lora Greco

 

LAND WANTED

We have a valued client looking to purchase a minimum 20 acres of land in Springbank off market. If you have family or friends who may consider selling a minimum 20 acre parcel Please call Stu  403-850-0669  in confidence

A Bumpy Road to Recovery - Creb March 01, 2018

by Stu Lowe & Lora Greco

Calgary housing market prices hold, but sales fall


 

City of Calgary, March 1, 2018 –

Residential home sales declined in February, but a decline in new listings helped keep prices steady this month.

Sales totaled 1.094 units in February, 18 per cent below last year’s activity. Easing sales occurred across all property types this month, which outpaced the sales growth that occurred in January. After the first two months of the year, sales activity remains well below longer-term averages.

“Housing market conditions are still adjusting to rising lending rates and changes in lending requirements. This process is expected to be bumpy, with demand adjustments leading the changes,” said CREB® chief economist Ann-Marie Lurie.

“However, it is important to remember that it is early in the process and the impact on prices will ultimately be dependent on the supply response.”

A decline in new listings was not enough to prevent further gains in inventory levels, but it offset some of the impact of slower sales activity. In the detached sector, one of the largest declines in sales occurred in the $600,000 - $999,999 range, while this price range also recorded gains in new listings.  

“This is a market where the fundamentals of a sound pricing strategy need to be understood by Home selling guide. At the same time, savvy buyers typically have a clear understanding of how much of a mortgage they can get,” said CREB® president Tom Westcott.

“With all the recent changes, potential purchasers should be obtaining pre-approvals so they understand exactly what they can afford prior to making an offer on a home. It also provides them flexibility in this market.”

Citywide benchmark prices totaled $434,300 in February, which is just above levels recovered last month, but comparable to levels recorded last year. While year-over-year price growth remained relatively stable in both the detached and attached markets, apartment prices remained three per cent below last year’s levels. 

Creb Calgary region monthly stats package.​

Creb City of Calgary monthly stats package.

 

#calgarydreamhomes

31090 MORGANS VIEW, MORGANS RISE, SPRINGBANK - NEW PRICE

by Stewart J Lowe & Associates

New Price: 4 Bedroom, 2 Acres, Quad Garage, Amazing Mountains Views.Morgans Rise Home C4162603 $2,450,000.


31090 MORGANS VIEW, SPRINGBANK

by Stewart J Lowe & Associates

New Price: 4 Bedroom, 2 Acres, Quad Garage, Amazing Mountains Views.Morgans Rise Home C4162603 $2,450,000.


Just Sold- Morgans Road, Morgans Rise, Springbank

by Stewart J Lowe & Associates

Congratulations to Jane & Mika and the new owners- Great Home in the Country

#calgarydreamhomes

JUST LISTED- 352217 206 AVE WEST, MD FOOTHILLS

by Stewart J Lowe & Associates

C4135569  $849,000 4.11 ACRES. 2015

FOOTHILLS HIDEAWAY! Rare opportunity! Pristine NEW HOME in the Bragg Creek area! 4+ acres of peaceful privacy. Seasonal CREEK + groomed TRAILS. 5 min to restaurants/shops in Bragg Creek. Next door to Kananaskis Country! 9’ ceilings. Walls of windows for forest VIEWS + NATURAL LIGHT. Open plan. LVP + Ceramic tile flooring. CUSTOM HICKORY DOORS, CABINETS + CASINGS throughout! Stunning FIR PLANK staircase. King-sized MASTER RETREAT offers 4-pce ENSUITE with double tile shower + private S-FACING BALCONY. CHEF’S KITCHEN features HICKORY cabinets, QUARTZ counters, SS appliances + expansive ISLAND. Bright Dining area exits to S-FACING DECK + STONE PATIO. Family Rm showcases OSBORNE WB STOVE w/STONE back wall. Bathrooms feature Hickory cabinets, QUARTZ counters with under-mount sinks + artistic TILE BACKSPLASH. QUAD GARAGE w/professional WORKSHOP–30 Amp outlets! O/S SEPTIC MOUND system. 800 gall BACK-UP CISTERN. Circular driveway + lots of RV PARKING. You'll love the quiet country lifestyle this property offers! The property has beautiful woodlands, varied terrain and groomed trails throughout. The professional workshop offers the home-based business option, as well. So close to Calgary and K-Country, this is the perfect opportunity to live where you play and play where you live. Come take a peek! ALSO INCLUDED: Upright Freezer and metal Fireplace on Patio.  Call today! Sharon 403-554-8978

 

JUST LISTED - 243005 MORGANS ROAD, MORGANS RISE, SPRINGBANK

by Stewart J Lowe & Associates

ADT SECURITY- KEEP YOUR HOME SAFE WHILE YOUR AWAY

by Stewart J Lowe & Associates

Like most of us, you wonder if your home is safe whenever you’re away. Leaving for a long vacation or a short weekend getaway? In addition to your security system, these steps will help protect your home and ensure your peace of mind.

Displaying blog entries 1-10 of 18

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Photo of Stu Lowe & Lora Greco Real Estate
Stu Lowe & Lora Greco
Real Estate Professionals Inc
202 5403 Crowchild Trail
Calgary AB T3B 4Z1
Direct: 403-850-0669
403.512.1316
Fax: (403) 476-7608

Presented by Stu Lowe & Lora Greco. Licensed Realtors at Real Estate Professionals Inc