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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

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

3D WALKTHROUGH - 224 6A STREET, BRIDGELAND

by Stu Lowe & Lora Greco

3D WALKTHROUGH FOR 226 6A STREET BRIDGELAND

​MLS# C4165451

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COMING SOON - 224 & 226 6A STREET, BRIDGELAND

by Stewart J Lowe & Associates

JUST LISTED - 227 HAMPTONS TERRACE NW

by Stewart J Lowe & Associates


Take a good look at this beautiful and bright Hamptons Walkout home. 5 BEDROOM, 5 BATHROOM, WEST REAR, SIDING ONTO THE 10th HOLE AT HAMPTONS GOLF COURSE. 3,156 SF ABOVE GRADE. As you enter this Goldmark custom built home you are drawn to the great sized rooms and stunning stairway connecting all three levels. Main level includes Living and formal dining rooms (with California Shutters) Study, Family room & spacious large Kitchen with granite tops & center Island. The upper level has 4 large bedrooms all ensuite. The second East bedroom with a Jack n Jill bathroom also has a large loft area (for sleepovers!) The Master with upgraded Spa is the whole width of the home and looks over the 10th. The Walkout has huge windows with Rec room, Wet Bar & Shower 3pc. The 5th bedroom which is currently used as a very large office would be the perfect size for the in-laws. A charming Brick gas fireplace and underfloor heating complete the picture for those winter nights watching a good movie. Double insulated att garage.
Large glass-front Duradeck looks West over the 10th hole with stairs down to a full fenced finished garden and patio, Clay Tile roof. Treed and very private. The Hamptons School, Hockey rink, Tennis Courts, Co-op and Superstore are minutes away. The Hamptons is one of the North West/'s most desirable established areas with well laid out homes, no back lanes and lots of parking making it a great family community.  Courtesy of Real Estate Professionals Inc

info@calgarydreamhomes.com  Direct: 403-850-0669

 

Creb: Mid-Year market update shows stability

by Stewart J Lowe & Associates


 

CREB® forecasts a process of recovery for the remainder of 2017

The first-half of 2017 marked a shift in Alberta's economy from recession to recovery, with conditions supporting stability rather than expansion.

"Economic challenges continue to exist, as high unemployment rates, weak migration levels and more stringent lending conditions are weighing on the housing market," said CREB® chief economist Ann-Marie Lurie. 

"This will continue to cause some adjustments in the housing market for the remainder of this year. However, this is not expected to offset earlier gains supporting general stability in 2017." 

Resale sales activity is expected to total 18,401 units in 2017, a 3.3 per cent improvement over last year. The pace of growth is slightly faster than originally anticipated, due to the stronger growth that occurred in the first half of the year.  

"We saw many of those consumers who delayed any purchasing decisions willing to re-enter the market as concerns regarding the economy eased," said CREB® president David P. Brown. 

"More potential buyers on the market helped move some of the product in inventory and started to create some price stability." 

Improvements in the supply demand balance, primarily in the detached and attached sector, caused prices to start to trend up. Demand growth through the remainder of the year is expected to ease relative to inventory levels. This should prevent further substantial shifts in pricing. Overall, annual city wide prices are expected to remain at levels comparable to last year.

Despite generally improving trends, difficulties continue to exist in the condo-apartment ownership market. Rising sales cannot keep pace with the growth in new listings, keeping supply levels high and placing continued downward pressure on prices. This area of the housing market will likely continue to face challenges well into next year, as it will take time to absorb additional inventory in the resale, new and rental markets. 

"Improvements in the labour market are supporting the shift in the housing market this year. However, activity over the past two years was amongst the weakest we have seen since the financial crisis," said Lurie.

"While the shift is welcome news for many, we continue to expect that process of recovery will be slow and dependent on the property type and location within the market." 

For more information, please refer to the CREB®'s 2017 Economic Outlook & Regional Housing Market Mid-Year Update below

JUST LISTED - 243005 MORGANS ROAD, MORGANS RISE, SPRINGBANK

by Stewart J Lowe & Associates

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CALGARY- DEFINING LUXURY

by Stewart J Lowe & Associates


Kathleen Renne

Opulence, extravagance, and splendour are words typically used to describe homes of the rich and famous. Those words also apply to Calgary with its fair share of what are considered luxury dwellings.

Historically, Calgary’s luxurious locales have been inner-city neighbourhoods like Britannia, Mount Royal and Rideau Park – established areas characterized by large lots and large homes with unique architecture and proximity to the downtown core.

Crebnow

Calgary's Luxury Homes

by Stewart Lowe and Anne Lindsay

Canada Real Estate Luxury Real Estate  

Ah, the life of luxury! It’s something in ample supply here in Calgary, thanks to the presence of so many gorgeous luxury homes.  Customized to meet the needs of Calgary’s elite, these dwellings feature a level of detail and sophistication you simply can’t find in standard cookie cutter homes. Whether on properties close to the glitzy urban center or farther into the sprawling outskirts, there is no shortage of glamorous  Calgary custom homes, or places to build them!

Check out just a few of Calgary’s luxury listings below:

31074 Morgan's View - ( Morgan's Rise - Springbank) Calgary, AB


411 Patterson Bv, Calgary, Alberta

904 Royal Av Sw, Calgary, Alberta
 
Who would have guessed that you could enjoy modern rustic living while still soaking up the urban glamor of Calgary’s shimmering skyline? The amazing penthouse below offers just that. Rustic wood textures take center stage in the home’s floors, walls, and furniture. Many of the home’s features are completely custom and hand made, making it a package found nowhere else.

It’s also hard to get a home that so uniquely combines laid back comfort with quirky yet sophisticated style, but not when you go custom. This gorgeous Calgary home has plenty of individual touches, including remarkable skylights, a mod gallery, and glass panel installations. Its exterior is wonderfully traditional, while still maintaining a high end look.

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48 Morgan's Ridge (Morgan's Rise, Springbank) Calgary, AB
 
Sometimes the most beautiful look for a home is that of a classic style. The manor-style property above honors traditional sensibilities with its dark wood installations, stone facades, and neutral hued decor. There’s no debating the good taste of the  designers  who built this custom masterpiece. It perfectly masters the look of understated elegance.

We hope that seeing these incredible homes has gotten you inspired. If you’re interested in creating a decadent custom home of your own, contact us today - and we will be happy to introduce you to some of Calgary's finest builders.

Few photos courtesy of Point2Homes,  James Teixeira Dec 1/14

 

 

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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