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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

Qualifying for a Mortgage as a Self-Employed Applicant.-Al Nenshi

by Stewart J Lowe & Associates

Qualifying for a Mortgage as a Self-Employed Applicant.


If you are self-employed, you can still qualify to buy a house, but it can be a bit trickier as most lenders will require a track record of consistent income. READ MORE The standard is a two year average of your net taxable income. Lenders do recognize that many self-employed individuals will make legitimate tax deductions in order to reduce their taxable income. If you don’t pay taxes on the income, the lenders will most likely not accept anymore then the net declared income.

If you’re self-employed and show a HIGH net income, and can prove that you’re earning a healthy gross income, and that your deductions are limited to your field you’ll be good to go. Your income tax portion will not be brought down.

For example: If a net line 150 income was $98,000 in year one, and was $122,000 in year two the 2-year average is: $98,000 + $122,000 / 2 = $110,000
$110,000 is the number we use as the 2-year average of income.

Lower annual incomes will show different brackets of down payment requirements and financing options. A trained mortgage professional should be able to review your financial statements and find items that may be allowed to be ‘added back’ into your income. Call Al today!

 

WHY LIVE ON A SPRINGBANK OR BEARSPAW ACREAGE- CALGARYDREAMHOMES

by Stewart J Lowe & Associates

Life in the Big City can become stressful not to mention the commute to Downtown !

Most people have a dream to get away from it all, and purchase their own acreage. There is a lot to be said for living out in the country on acres of land, but you have to be sure that it will work for you and your whole family.

Now is a good time to start searching, mainly because of the weather, and you get to walk the land, to look for wet areas. Remember, unless you can afford to hire people to maintain your property for you, you can expect to spend several hours per week keeping up with things. The more acres you have, the more work there can be, but you may find this part of the lifestyle rewarding.

Before we help clients purchase we always check on the zoning and what is around the property, is there any future developments planned.  Both the M.D Foothills and Rural Rocky View County are really good for having a discussion on what might be happening.  Pre warned is Pre Armed as they say!  We don’t like any surprise’s for our clients.

So there is a lot of homework for us to do. If you are considering building a Custom Home and get a great deal on the land, the cost of bringing services to it can be costly. Check out high- speed internet capabilities, access to schools, churches and nearest shopping areas.

It is better to have a good experienced Rural Realtor and Custom Home builder to guide you through the process, because it is important to keep on budget.

An important part of the process for ourselves and your Real Estate lawyer is to look for any restrictive covenants. They may prevent you from parking your trailer or subdividing later. Upscale sub divisions can easily have restrictive bye-laws to keep the area pristine and looked after (not to mention looking after everyone’s investment)!

If you buy a large acreage it may be zoned Farm & Ranch or Agricultural, and you may be able to use the land for extra income. You could consider allowing people to stable their horses for a fee perhaps.

Location is a huge part of the purchase, remember though that Urban sprawl is always at work and in a decade or so you may be closer to the City than you like. The good news maybe is that your land value will go up! But again research, ask questions, seek advice.

Look out for our future blog- What other conditions do I need for a Rural Acreage purchase.

Rural Acreage Search

JUST LISTED - 139 BROWN BEAR POINT, BEARSPAW

by Stewart J Lowe & Associates

C4046679  139 BROWN BEAR POINT, BEARSPAW

Fine Two Acre family home on Bearspaw Country Estates. Fully developed five bedrooms in total. Master on the Main with steam shower and french door to rear deck. Two bedrooms up with a bonus room and an IT area. Main level is a nice open plan with 9ft ceilings and spacious family room. Large bright foyer entrance and good sized mudroom from the triple heated garage entrance. Two decks, one to the rear and a front deck so that you can relax on and look to the Mountains. Your kitchen has custom maple cabinets, center island and stainless steel appliances complimented by granite counter tops and lots of storage. The Basement has a Huge recreation room,  two more bedrooms and 4pc and wet bar. Lots of outdoor living space with a detached 600sf garage / workshop with separate rear drive/entrance. Enjoy the country life 2 minutes to Highway 1A and 7 minutes drive to Tuscany LRT. Easy access to all major roads and the space and lifestyle that Bearspaw offers its Rural acreage community

If you enjoy using your RV save on storage and park on your own RV concrete pad.The garage also has a 60 amp sub panel with 30 amp heater and 30 amp RV exterior outlet for the RV pad. Fully landscaped with children's playhouse if required, numerous yard outlets and lighting. Fenced in storage area for work trailers, equipment, etc. A must see

PARK BENCH.COM

Stewart and Anne are excited to be bringing you your Community News ...all brought into one place - at ParkBench.com.  Click on the picture and check out the information brought together .  Its still a work in progress, and the site still has information to be added, but it is an interactive site where news and information, your community events, businesses and you can post information, give a review and of course contact us for all of your Real Estate needs.

#calgarydreamhomes #ruralrockyview #springbank #bearspaw #elbowvalley #rockyviewrealestate #rockyviewcommunitynews 

BEARSPAW SCHOOL NEWS

by Stewart J Lowe and Anne M Lindsay

BEARSPAW BEAT MAGAZINE


BEARSPAW PROPERTY

FUTURE DEVELOPMENT GUIDES TO BE ESTABLISHED FOR GLENBOW RANCH AREA

by Stewart J Lowe and Anne M Lindsay

The new Glenbow Ranch Area Structure Plan (GBRASP) is one step closer to creation after Rocky View County (RVC) council adopted the Terms of Reference presented at their regular meeting on Feb. 24.

According to RVC administration, the terms provide direction for the review of a portion of the Bearspaw Area Structure Plan, which will facilitate the development of the new GBRASP. This document will establish the scope, timeline, and goals of the GBRASP.

The Terms of Reference include an approximate study area of 7,671 acres of land located south of Highway 1A, north of the Bow River, and between the Town of Cochrane and the City of Calgary. The GBRASP will replace a portion of the Bearspaw ASP, as the land is located within the Bearspaw ASP’s boundaries.

Included in the study area is the Glenbow Ranch Provincial Park, which, according to RVC administration, constitutes a “significant new feature” in the Bearspaw area.

One of the objectives of the new GBRASP is to provide a sensitive integration of the natural features and historical areas of the park with the surrounding development.

“Personally, I am very excited about this project,” said Richard Barss, senior planner with RVC. “This (Terms of Reference) will guide area development in a manner that will protect park values and support park operations.”

Clearly stated within the proposed Terms of Reference, development will be integrated to enhance the experience of living in proximity to a provincial park, while minimizing the adverse impacts of development and park users.

However, according to RVC administration, this statutory document will still potentially affect thousands of residents from RVC, as well as adjacent municipalities – the Town of Cochrane and the City of Calgary. Barss said the ASP development process will include many opportunities for the public to provide input.

“As part of the stakeholder engagement process, we will be keeping them appraised and drawing out their specific interests,” said Barss. “Part of this process is not focused just on these lands, but connecting with residents in the greater community. That’s very important, and will all be part of the engagement process.”

Area Councillor Al Sacuta moved to adopt the Terms of Reference, and the motion was carried unanimously.

Following council’s adoption of the document, administration will proceed with the process of public engagement and the development of the GBRASP.

A public launch date is anticipated for April 2015, with a first draft at the end of the year and a public hearing in the second quarter of 2016.

Source: Rockyview Weekly


#springbank

‚Äč#bearspaw

#calgarydreamhomes

Become a Rocky View Firefighter

by Stewart J Lowe and Anne M Lindsay

Employment with Rocky View Fire Services is both extremely challenging and rewarding. The Fire Service proudly serves our growing and vibrant County with a composite fire suppression model, made up of full-time, part-time, and volunteer members.

http://www.rockyview.ca/Default.aspx?tabid=195

Remember:

Call 911 for all emergencies.

For other Fire Services questions or reports call 403.230.1401.

Information:   Fire & Emergency

Information:   Fire Permits

MD ROCKY VIEW COMMUNITY

ALL SOLDS 2014 Country Residential in Bearspaw, MD Rockyview.

by Stewart J Lowe and Anne M Lindsay

SOLD: Country Residential in Bearspaw. MD Rockyview

 

 

SPRINGBANK 

BEARSPAW

Displaying blog entries 1-9 of 9

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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