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Featured Property

168 Wildrose Green Strathmore,

Lot: 554 Sq.Ft. Built: 2016 Type: 2 Storey

*** Just REDUCED ***

Welcome to Wildflower Ranch. This 3 Bed/2 Storey Home is BRAND NEW/Never Occupied, a Former SHOWHOME, over 1600 sq.ft. Developed Living Space, built by GULF HOMES Builder & is LOADED with UPGRADES.

MAIN Level comprises; Living Rm has Bay Window & a Gas Fireplace with Stone Surround. Kitchen with Quartz Countertops, S/S Appliances & Pantry. Dining Rm has Patio Doors leading to Deck. Laundry Room & Half Bathroom complete this Level. Spacious Master Bedroom with 4 piece Ensuite, SOAKER Tub with Stone Feature Accent Wall, Separate Shower & Walk in Closet. 2 more Good Sized Bedrooms & 4 Piece Main Bathroom complete the UPPER Level. LOWER Level is awaiting your Finishing Touches.

Double Attached Garage is Drywalled & Insulated.  New Home Warranty.  Huge 554m2 Lot is Fully Landscaped and extends all the way to the Rear Fence. Located close to Shops, Restaurants, Schools, Golf, Rec Ctr, Playground & Pond. 20-25 drive approx. to Calgary.

Contact Listing Realtors regarding RENT to OWN and/or Builder FINANCING

Call Listing Realtors to arrange an appt for your Private Viewing of this Home!


Persistent buyers' market continues

October 01, 2018

City of Calgary, October 1, 2018 – With no change in the economic climate, Calgary’s sales activity totaled 1,272 units in September, a 13 per cent decline over the previous year and well below long-term averages. There was a pullback in sales across all product types, most notably the detached market.

"Calgary's economy continues to struggle with unemployment, which rose again last month to over eight per cent. Concerns in the employment market, higher lending rates and shaken confidence are weighing on housing demand," said CREB® chief economist Ann-Marie Lurie. 

"At the same time, supply levels continue to remain high, resulting in persistent oversupply and price declines." 

Inventories totaled 7,941 units, pushing the months of supply to 6.25. This continuation in oversupply is placing downward pressure on prices. The unadjusted citywide benchmark price totaled $428,700 in September. This is nearly one per cent below last month and three per cent below last year's levels.

"This is the new normal of Calgary's real estate," said CREB® president Tom Westcott.

"Some potential buyers may want to take advantage of the market conditions, but they face difficulties selling their existing home based on their expectations. This prevents them from purchasing something else." 

September sales have dipped, but third quarter figures generally point towards a slower decline in sales and some easing in new listings growth. This was not enough to impact inventory levels this quarter. 

The Calgary economy continues to struggle, but there are some signs of improvement in the rental market, which could contribute to a slow reduction in overall housing supply, 

HOUSING MARKET October 1, 2018


  • Year-to-date sales eased to 7,945 units, over 20 per cent below the 10-year average. Sales eased across all price ranges, except properties under $300,000, which posted a modest gain.  
  • Easing sales were met with some adjustments in new listings in September. However, inventories remain elevated and are higher than long-term averages in most districts. 
  • Months of supply rose to 5.5 months in September and continue to weigh on housing prices across all districts.
  • Detached benchmark prices totaled $493,100 in September. This is a 0.8 per cent decline over last month and three per cent below the previous year. 
  • Prices have trended down in most districts in September. However, on a year-to-date basis, benchmark prices remain above last year in both the City Centre and West districts. 


  • The apartment sector has seen the slowest decline in sales at six per cent so far this year. Like the detached sector, activity remains over 20 per cent below long-term averages, totaling 2,103 sales. 
  • For the fourth month in a row, new listings have generally trended lower than levels recorded last year. This has helped reduce some of the inventory in the market compared to the previous year. 
  • However, even with some reductions in inventory levels, the market continues to remain firmly in buyer's territory when compared to the reduction in sales.
  • With more supply than demand, benchmark prices for apartment condominium continued to ease in September, declining by 0.4 per cent over last month and 2.7 per cent compared to last year.


  • The attached sector has recorded year-to-date sales of 2,814. This is 15 per cent below last year and 14 per cent below long-term averages. 
  • With no significant reduction in new listings, inventory levels remained elevated, pushing up months of supply to over seven months. 
  • Elevated levels of supply compared to demand persisted for both row and semi-detached product types. Like all other sectors, the oversupply has weighed on prices across all districts, except the City Centre, North East and East.
  • While September semi-detached benchmark prices eased, year-to-date prices remained just above last year's levels.  The recent oversupply has eroded some of the steps made toward price recovery last year.
  • Row benchmark prices have averaged $298,667 this year, nearly two per cent below last year and nine per cent below previous highs. Despite the citywide pullback, row prices have remained relatively stable in the City Centre, North West and South East districts.  



  • Airdrie's housing market has exhibited buyer's market conditions so far this year. This is largely due to weak economic conditions that have hindered growth in demand. This does not help alleviate excess supply and has led to a downward pressure on benchmark prices for detached homes.
  • Year-to-date total residential sales in Airdrie have declined compared to last year and sit at levels comparable to activity recorded in 2012. Meanwhile, new listings have remained elevated, causing inventories to reach new highs for September.
  • Elevated months of supply have continued to place downward pressure on prices. The year-to-date detached benchmark price averaged $371,244. This is a 1.7 per cent decline from 2017 levels and five per cent below previous highs. 


  • Affected by similarly weak economic conditions, the housing market in Cochrane has also experienced slight supply-side imbalances. 
  • Year-to-date sales in the town were recorded at 477 units, 59 units lower than 2017. Sales growth has been trending downward for most of the year. However, levels in 2018 are still higher than those recorded in 2015 and 2016.  
  • New listings in Cochrane have been persistently growing for most of the year and year-to-date levels are 269 units higher than long-term averages. Inventories have now reached a new September peak at 360 units, leading to elevated months of supply.
  • The oversupply in the market has started to cause prices to trend down in the third quarter.  However, it has not been enough to erase earlier gains, leaving year-to-date benchmark prices just above last year's levels. So far this year, detached prices remain four per cent below recent highs.  


  • Okotoks is facing supply pressures in the market due to slowing sales and increases in new listings. 
  • Despite the presence of oversupply, benchmark prices have managed to remain relatively stable in the third quarter compared to the previous quarter. At $436,422, year-to-date detached benchmark prices have averaged nearly one per cent higher than the previous year, but remain three per cent below previous highs. 




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Important changes to Mortgage Rules January 1, 2018

The Office of the Superintendent of Financial Institutions (OSFI) released revised guidelines for the mortgage industry, similar to the draft version released earlier this summer. These new parameters took effect January 1, 2018.

In October of 2016, OSFI implemented the stress test for all insured mortgages - those with less than 20% down payment. Now they are extending that same stress test to everyone, regardless of down payment.

OSFI said they will be holding information sessions through the fall to discuss implementation expectations. This new stress test means that borrowers will be qualified at the greater of their contract rate + 2% or the five year benchmark rate published by the Bank of Canada, which is currently 4.89%.

To give you some numbers, per $100,000 in mortgages:


  •  Mortgage Payment - $488.25 (3.29% with 25 year amortization)
  • Benchmark Rate Payment - $575.36 (4.89% with 25 year amortization)
  • Stress Test Payment - $598.22 (5.29% with a 25 year amortization)


Lenders determine how much money you can borrow by determining what percentage of your income can go towards your mortgage and debt payments. The new requirement will determine the mortgage payment based on the higher of the benchmark rate or stress test rate, even though your contract rate is 3.29%. This will reduce your maximum allowable mortgage by approximately 20%.

These are not the only changes made, below is a summary of all the changes:


  • A new minimum qualifying rate (stress test) for uninsured mortgages 
  • Lenders will be required to enhance their Loan to Value (LTV) measurement and limits to ensure risk responsiveness
  • Restrictions will be placed on certain lending arrangements that are designed or appear designed to circumvent LTV limits.


The guidelines went into effect January 1, 2018. If you are currently looking for a home and you have 20% down, we should talk. It's possible you no longer qualify for as much as you did when you were pre-approved.



A Good Real Estate Agent does not disappear once the closing papers are signed.   This may be our chosen Profession and Ultimately our Livelihood, but it is more than that.  We absolutely LOVE our Profession, and are there for you long after the transaction is complete. When we say we are available 24 hrs a day/7 days a week, we mean it and you can count on us to always work in our clients best interests and represent you to the utmost of our ability.  We can proudly say that all our Clients have become our Friends.


View all the up to date Real Estate Stats on the Calgary Real Estate Board website at:







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