Immaculate Villa in Shawnee Estates $529,900

Wednesday, May 23, 2018Norm Rousseauposted in Feature Property, For Sale

This immaculate villa features an excellent floor plan with large principle rooms! Enjoy vaulted ceilings, hardwood floors, a huge master suite and a deluxe ensuite with heated floor, 2 sinks, separate shower and a jetted tub. A spacious dining room for entertaining and a sun filled living room with a fireplace. A convenient Second bedroom plus a main floor Den and laundry. The walk out level is fully developed for maximum living space. Plenty of space for a pool table in the family room, great office space with built-ins, and a third bedroom and 4 piece bath. BBQ on the deck or relax on the lower patio! Great location minutes from the LRT and Fish Creek Park. This is NOT a CONDO but A WELL RUN HOA with $150 a month to cover landscaping ,snow removal & exterior painting!


CREB Photos & Data:


Wednesday, May 16, 2018Norm Rousseauposted in Feature Property

ENJOY INNER CITY LOFT LIVING! This top floor unit features soaring 18 foot ceilings, an entire wall of windows providing lots of natural light, upgraded flooring and titled parking! The open kitchen is perfect for entertaining and features black appliances, maple cabinets, pantry and an eating bar. A large open living/dining area with access to the north facing balcony offers a great place to unwind or BBQ. A two piece bath, laundry and extra storage complete the main level. The second level is lofted with the master bedroom, ensuite and corner soaker tub. Outstanding location minutes from downtown, 17 Ave, Marda loop, public transportation and River Park!

CREB Info:


#207 1505 27 Ave SW-29#207 1505 27 Ave SW-15

Shawnee fully developed

Monday, May 14, 2018Norm Rousseauposted in Feature Property

IDEAL UPGRADED 5 BEDROOM FAMILY HOME! The welcoming living room features high vaulted ceilings, fireplace and a large window over looking the cul-de-sac. Family sized kitchen with central island, pull out drawers and spacious eating nook. Convenient adjoining family room with fireplace. Separate dining room for entertaining family and friends. Curved staircase leads to the spacious 2nd floor with 3 bedrooms and a library/den with custom book cases. King size master suite with upgraded ensuite features granite counter and oversized custom shower with rain head. The main bath has also been upgraded with granite counter and deep soaker tub. Professionally developed lower level provides 2 generous sized bedrooms each with California closets, media area, and work out space plus a 3 piece bath. Relax in the hot tub with composite privacy screen or BBQ on the maintenance free deck. Mature treed pie shaped lot. Minutes from LRT, children's parks, tennis courts and Fish Creek Park.

CBEB Details:

More Info:


It just got harder to qualify for a mortgage

Monday, May 14, 2018Norm Rousseauposted in Buyers

Market update

by Steve Randall | May 10, 2018

An important number that affects the ability of millions of Canadians to qualify for a mortgage has changed.

The Bank of Canada has raised its conventional five-year mortgage rate from 5.14% to 5.34%.

The rate is the one used for stress tests under the B-20 mortgage lending guideline so any borrower with less than a 20% down payment seeking mortgage insurance must be able to afford payments.

For those who do not require mortgage insurance, the rate is one of the two stress test benchmarks used, the other being the contractual mortgage rate plus two percentage points.

The Canadian Press says that the rate increase coincides with an estimated 47% of mortgages that are due for refinancing in 2018, based on a CIBC Capital Markets report.

The big five banks have also recently increased their 5-year FRM rates. When Toronto Dominion increased its rate is was called the “biggest move in years”.

CREB Soft sales continue in April

Friday, May 4, 2018Norm Rousseauposted in CREB Market Statistics

Prices steady, but struggles in Alberta economy weighs on housing

City of Calgary, May 1, 2018 –

Changes to the lending industry and a challenging economic recovery are weighing on sales activity in Calgary's housing market.

Supply levels have not adjusted to the weaker demand environment, and that is preventing price recovery.

"Slower sales do not come as a surprise, given the economy has not yet improved enough to offset the impact of changes in the lending industry," said CREB® chief economist Ann-Marie Lurie.

"While the rising inventories are being monitored, prices have remained relatively flat as gains in some areas of the city have been offset by declines in other areas."

The easing sales trend persisted through April in Calgary's housing market. Calgary sales totaled 1,518 units in April, which is 20 per cent below last year and 25 per cent below long-term averages.

The detached sector has seen the largest decline, with year-to-date sales totaling 2,991 units, 27 per cent below the 10-year average.

Inventory levels in April totaled 7,324 units. This is a 32 per cent rise over last year, but well below the monthly high of 10,129 units recorded in 2008. Supply compared to demand has risen, but city-wide prices have remained relatively stable, totaling $436,500 in April, a monthly and annual gain of 0.21 per cent.

"The reality is that there's selection heading into the active spring market," said CREB® president Tom Westcott.

"For many sellers, they have to decide what price they are willing to accept for a lifestyle change. At the same time, buyers need to understand the supply dynamics and price movements in the specific area, as they may not align with their expectations."

So far this year, apartment and attached sales have eased to levels that are comparable to 2016. However, rising supply in both markets have pushed months of supply to the highest levels recovered over this four-month period, which is preventing any significant shifts in pricing trends.

older entries

search blog

Click for the BBB Business Review of this Real Estate Agents in Calgary AB