Calgary Dream Homes- Stu Lowe : Real Estate Blog : Latest Blog Posts

CALGARY LATEST HOME SALES REPORT - AUG 4 2026

Tue, 04 Aug 2026 22:30:56 GMT

Price declines driven mostly by apartment condominiums

Calgary, Alberta, August 4, 2026– As we move into the second half of the year, it is not a surprise to see slower market activity. In July, both sales and new listings eased over June levels, declining to 1,904 sales and 3,323 new listings. Sales were nine per cent lower than last year’s levels, while new listings were 15 per cent lower. The adjustment in both sales and new listings caused little change in the sales-to-new-listings ratio, which sat at 57 per cent.

In July, the unadjusted total residential benchmark price was $569,200, down slightly over June and two per cent lower than levels reported last year. The persistent oversupply of apartment condos is contributing to a steeper price decline of over eight per cent. Meanwhile, at the other end of the spectrum, detached prices have eased by under two per cent compared to last year, mostly driven by adjustments in the North East and North Districts.

“Several consecutive years of high construction levels and the sudden drop in mostly international migration have contributed to the shift in housing market conditions mostly for higher-density homes, a transition that started in the second half of last year,” said Ann-Marie Lurie, Chief Economist at the Calgary Real Estate Board (CREB®). “While new home construction is slowing, there are over 17,000 apartment-style units under construction. This continues to weigh on rental and higher-density properties, driving price adjustments.”

While demand has slowed this year, levels remain stronger than those reported during the challenging market conditions experienced from 2015 to 2019. What has shifted significantly is the additional supply choice across the housing spectrum. Total resale inventory levels remained relatively stable compared to both June and July 2025. However, the slower July sales pushed the months of supply up to three and a half months. While the months of supply is rising across all property types, conditions remain mostly balanced in the detached and semi-detached sectors. In the higher-density sectors, the market continues to favour the buyer for apartment-style homes with nearly five months of supply, while row is experiencing some signs of oversupply.

Detached
Sales in July eased to 1,012 units, down nearly two per cent over last year. These numbers have been trending lower throughout most of the year. While slower sales are partly due to changing economic conditions, we have also seen a pullback in the number of new listings. In July, new listings fell to 1,707 units, nine per cent lower than last year, contributing to the year-over-year inventory declines that have persisted since March. The pullback in sales this month outpaced the pullback in inventory levels, causing the months of supply to rise to nearly three months. While this is still in a balanced range, conditions do differ from under two months in the West District to over five months in the North East District. Added competition from the new home market is also weighing on recently built homes listed on the resale market.

As of July, the unadjusted detached price in Calgary was $743,900, lower than June and nearly two per cent lower than prices reported last July. While prices have eased over 2025’s peak, it has not erased all the gains reported over the past several years. Price movement has varied significantly across each district. Compared to last year, prices have improved in both City Centre and the West District. The steepest decline occurred in the North East at nearly six per cent.

Semi-Detached
Despite a typical monthly pullback, sales remained similar to last year, keeping year-to-date levels relatively consistent with 2025. While new listings eased in July, they remain down three per cent so far this year. Throughout most of 2026, conditions have remained relatively balanced, with a sales-to-new-listings ratio remaining near 60 per cent and months of supply below three months.

As of July, the unadjusted benchmark price was $691,000, down from June but similar to last year's level. While prices have remained relatively stable for semi-detached homes, there is variation throughout the city. Most sales activity occurred in the City Centre, where year-to-date prices have remained stable compared with 2025. The West District was the only district to record a year-over-year price gain, while the steepest declines occurred in the North East, where buyers' market conditions have emerged.

Row
For the third consecutive month, row sales have trended down, contributing to a year-to-date decline of 15 per cent. Over the past several months, we have also reported a pullback in new listings, keeping the sales-to-new-listings ratio above 55 per cent. While inventory levels have also been trending down, they remain elevated based on long-term trends. The steep pullback in sales this month was enough to push the months of supply up to nearly four months.

An upward trend in the months of supply over the past few months has prevented any further price increases. In July, the unadjusted benchmark price eased to $418,500, down over the previous month and six per cent lower than last year’s levels. Added competition in the new home market has also weighed on resale row prices. However, like other property types, year-to-date price declines range from 12 per cent in the North East and East Districts to a three per cent decline in the West District.

Apartment Condominium
Increased rentals and new supply are weighing on ownership demand for resale condos as sales have fallen by nearly 26 per cent so far this year. While new listings have been easing over last year’s levels and are helping to bring down inventory, the 1,999 units available in the resale market are still elevated compared to long-term trends and sales. The combined impact of additional supply and reduced demand has kept the months of supply in a range that has favoured the buyer since the end of spring 2025.

The persistent excess supply has placed downward pressure on prices. As of July, the unadjusted benchmark price was $297,600, down over June, over eight per cent lower than last year’s levels and 13 per cent below peak levels reported in 2024. While the rate of decline has ranged across districts, all districts have reported relatively steep adjustments in prices.

#calgarylatesthomesales #calgaryrealtor #luxuryhomes #homesinyyc #calgaryhomes #calgaryfirsttimebuyer #homesincalgary #calgaryhomesforsale #latestcalgaryhomestats

CALGARY LATEST CONDO SALES - AUG 4 2026

Tue, 04 Aug 2026 22:23:27 GMT

#condotracker #latestcondosales #condorealtor #condoliving #calgarycondos #buyingacalgarycondo #condos

AIRDRIE LATEST REAL ESTATE SALES - AUG 4 2026

Tue, 04 Aug 2026 22:19:29 GMT

Airdrie
Sales continued to trend down in July compared to 2025, contributing to the year-to-date decline of nearly 14 per cent. However, new listings have also been easing, helping to push the sales-to-new-listings ratio back above 55 per cent in July. While this did little to cause a shift in inventory, the months of supply eased back below four months. Should this trend continue, it will help to support a more balanced state in the Airdrie market. Nonetheless, supply choice in the resale market along with added competition coming from both the new home market in Airdrie and supply choice in Calgary are weighing on prices. Detached prices in July eased to $603,100, four per cent lower than last year’s levels. This decline has outpaced Calgary’s, and now the price spread between Calgary and Airdrie is returning to levels that are more consistent with historical norms.

#airdriehomesreport #airdrierealtor #airdriecondos #airdriebuyers #airdriehomesforsale #livinginairdrie

COCHRANE LATEST REAL ESTATE SALES - AUG 4 2026

Tue, 04 Aug 2026 22:16:05 GMT

While sales have eased for two months in a row, year-to-date, they remain higher than levels reported in 2025. This was partly possible due to gains in new listings, which have raised inventory over last year’s levels. Much of the inventory growth was driven by higher-density homes. In July, the months of supply pushed above four months, and the sales-to-new-listings ratio dropped to 46 per cent. This represents a shift from earlier in the year, and if it persists, it could have further implications for prices. Overall, the unadjusted detached benchmark price was $659,400 in July, down over June and nearly four per cent lower than last year. Like other markets, the added competition from new home products and competing markets is weighing on resale prices.

#cochranerealtor #cochranelatesthomesales #cochranecondos #cochranesalesreport #cochranehomesforsale

CHESTERMERE LATEST REAL ESTATE SALES - AUG 4 2026

Tue, 04 Aug 2026 22:11:53 GMT

Chestermere
Year-to-date sales in Chestermere have reached 333 units, 18 per cent lower than last year. The decline in sales has not matched the decline in new listings, keeping the sales-to-new-listings ratio relatively low at 36 per cent. This has resulted in relatively persistent inventory gains, driving up months of supply, which pushed near seven months in July. Additional supply choice in the resale market, competing new home market and supply in Calgary has weighed on prices in Chestermere. As of July, the unadjusted detached benchmark price was $771,900, down over June and nearly five per cent lower than prices reported in July of 2025.

#chestermererealtor #latestchestermeresales #latestchestermere report #luxurychestermerehomes #chestermereandconrich

OKOTOKS LATEST REAL ESTATE SALES -AUG 4 2026

Tue, 04 Aug 2026 22:06:32 GMT

Okotoks
With 78 new listings and 70 sales in July, the sales-to-new-listings ratio rose to 90 per cent, causing inventories to trend down over the previous month. Supply has improved over the low levels that have persisted over the previous five years but remain below long-term trends and have kept the months of supply relatively low at two months. However, benchmark prices have continued to trend down, likely due to the increased competition coming from the new home sector and new community developments occurring in the south end of Calgary. As of July, the unadjusted detached benchmark price eased to $695,700, over two per cent lower than prices reported last July.

#OKOTOKSHOMESALES #OKOTOKSREALTOR #OKOTOKSLATESTSALES #OKOTOKSHOMESFORSALE #BUYERSINOKOTOKS

Proud to be in the Top 10 at Real Estate Professionals (#3)

Tue, 05 May 2026 18:04:08 GMT

#toptenrealtors #topproducers # luxuryhomesspecialist #instituteforluxuryhomemarketingmember #experiencedrealtor

Congratulations to my buyers- it was a pleasure to work with them.

Tue, 05 May 2026 17:59:32 GMT

#acreagebuyers #calgarybuyers #instituteforluxuryhomemarketingrealtor #luxuryhomespecialist #justsold #ruralspecialist #acreagespecialist

CALGARY LRT COMMUNITIES

Wed, 03 Sep 2025 21:17:05 GMT

C-TRAIN COMMUNITIES

CALGARY SOUTH COMMUNITIES

Mon, 21 Apr 2025 15:21:05 GMT

Acadia | Belmont | Bonavista Downs

Braeside | Bridlewood | Canyon Meadows

Cedarbrae | Chaparral | Chinook Park

Deer Ridge | Deer Run | Diamond Cove

Eagle Ridge | Evergreen | Fairview

Haysboro | Kelvin Grove | Kingsland

Lake Bonavista | Legacy | Maple Ridge

Midnapore | Millrise | Oakridge | Palliser

Parkland | Pump Hill | Queensland

Shawnee Slopes | Shawnessy | Silverado

Somerset | South Calgary | Southwood

Walden | Willow Park | Woodbine

Woodlands

CALGARYDREAMHOMES.COM

DEFINING LUXURY HOMES

Tue, 08 Apr 2025 18:55:22 GMT

Luxury homes are high-end residential properties that offer superior quality, design, and amenities. These homes typically feature spacious layouts, premium building materials, state-of-the-art technology, and a high level of craftsmanship. Luxury homes are often located in prestigious areas, offering breathtaking views, privacy, and exclusivity. Key characteristics might include features like large swimming pools, home theatres, smart home systems, expansive gardens, and top-of-the-line appliances. In addition to the physical attributes, luxury homes also tend to be priced significantly higher than average homes due to their exceptional quality and unique locations.

ACREAGES | RESIDENTIAL

#luxuryhomes #luxuryrealtor #acreages #acreagerealtor

# Luxuryinstitutemember # Calgaryluxuryhomes

STEWART J LOWE- GUILD MEMBER

Sun, 16 Feb 2025 22:13:15 GMT

Members of The Institute for Luxury Home Marketing who hold the CLHMS designation (Stewart J Lowe-Calgary & 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.

Achieving Guild Recognition
***As a Guild Member of The Institute for Luxury Home Marketing™ Team Leader Stewart J Lowe is part of an International Network of Real Estate Professionals who specialise in the Luxury Market. Reach out for us to represent you!

THE VALUE OF HAVING AN INSTITUTE MEMBER ON YOUR SIDE

#luxuryhomes # calgaryluxuryhomes #luxuryrealtor #luxurymarketingspecialist # luxuryacreages #calgarydreamhomes

THE BEAUTY OF ACREAGE LIVING

Sat, 08 Feb 2025 16:29:13 GMT

Big City living in Calgary isn’t for everyone, some people like to look up at stars instead of the city lights. So moving out of a City or suburbs to a rural area might be next on your bucket list. If it is, here are a quick glance at what you need to look at, but we always advise to talk to a lender who understands rural sales, we can suggest a few.

READ MORE

THE CONDO LIFESTYLE

Sat, 08 Feb 2025 16:24:51 GMT

CONDO LIVING IN CALGARY is for the buyer who just wants to be in the centre of everything. There are many common misconceptions about owning a condo such as big condo fees and rules that determine what you can or can't-do.

READ MORE

#condoliving #calgarycondos #condospecialist #luxurymarketingcondos

THE ACREAGE LIFESTYLE

Thu, 06 Feb 2025 19:56:54 GMT

BUYING AN ACREAGE

#acreageliving #livingonanacreage #acreagemarketing #rockyviewcountyacreages #morgansriseacreages #acreagespecialist #churchranchesacreages #foothillscountyacreages #springbankacreages #bearspawacreages

WHAT BUYERS LOOK FOR IN A HOME

Tue, 03 Dec 2024 22:07:28 GMT

So you are about to list your Calgary home and you think you have it right. We have given you our advice and some complimentary staging options, then you start to second guess, what the potential buyers will like or dislike this or that!. But this is where you have to relax because part of our service is to take away anxiety, and selling your home should not be stressful.

They are viewing because it is in their price range.

So usually they are ok with the price range or they would not see the value in your home and their realtor would not be showing it to them. Remember first impressions, the home has to have good curb appeal, grass cut and weed wacked, front door and entrance washed down and sparkling clean.

Is the Front Door Clean

If they have a negative at the front door, such as lack of TLC - it will follow them through the home and everything they look at! Blinds up for showings, remember it’s show time! Light and space is what most buyers like, and you already de-cluttered didn’t you?

Tick the Boxes:

They begin the walk-through and hopefully start to tick the boxes. Flooring, appliances, open concept. The floors look good and the job you did on cleaning the house is paying off. Nobody likes someone else’s dirt.

Projects:

Most people don’t mind one maybe two projects especially if they are cosmetic, but don’t have the “they can fix it attitude” because you are setting yourself up for a low ball offer.

Organised:

Features that help keep them organised are important to many Calgary home buyers. Having a laundry room where they can keep laundry out of sight in a separate room is good. In a recent survey 90% of those surveyed said it was a huge plus. An astounding 57% said they would be unlikely to buy a home without it.

Entertaining

They will picture their family and friends visiting, have they got the space, is there some outdoor living, where is the BBQ going to be set up..

Efficiency:

A top priority for many buyers is the energy efficiency of the home, insulation, how are the windows, have the furnaces been maintained, and a bonus is if the home is energy-star rated.

Location:

Will the home work for them as the kids grow up, school location, travel time to work (check busy times of the day), is it close to the LRT, where is little Johnnies hockey club compared to the home location. These points you have to consider and can be a big plus or minus.

Storage

Ninety percent of buyers are looking for a linen closet in their bathrooms to help keep towels and toiletries organised. Is there a walk-in pantry off the kitchen, considered desirable by 85% of respondents.

The Garage

Garage space for storage of bikes, lawn care and sports equipment is high on a buyers wish list. And the big one - will the cars/truck fit!

When buying or selling a home there are many features to consider of being the "Top of Mind" of home buyers.

Text/Call: Stewart: 403-850-0669 E: Info@CalgaryDreamHomes.com

Home Evaluation | 2025 Sellers Guide

GLOBAL & LOCAL REACH

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DOWNSIZING TO AN ADULT HOME

Sun, 01 Dec 2024 20:23:18 GMT

Great Robyn Read Article

As we age, the space we occupy starts to shrink. Downsizing is a roller-coaster of memories

#downsizing #adultliving #agerestrictedhomes #downsizingcalgary #downsizingcanmore #downsizingairdrie #downsizingokotoks #downsizingcochrane

* Ask about our access to a team who can help you downsize furniture etc either by selling it for you or donating some of it to charity, and helping with a stress free move. The homes below have age restrictions but if you want us to search for non-age restricted homes, please call/email.

Canmore Downsizing | Airdrie Downsizing | Calgary Downsizing

Downsizing Video

Direct: 403-850-0669 E: Info@CalgaryDreamHomes.com

ACREAGE LIVING

Sat, 30 Nov 2024 04:41:59 GMT

The space is great but there are a couple of other things to keep in mind. Also you have to consider possible drawbacks associated with living further away from the City and amenities. If you have teenagers, consider.

Remember it is a trade-off for the Country Life, You don't want to end up being an Uber for your teenagers, and when they learn to drive, make sure the roads around your acreage are well lit in the winter months. It has to be said that during a snowy winter both Municipalities are really good at clearing roads, especially on School Routes.

Here are 7 things to consider when buying a rural property, so you can weigh the costs and benefits of investing in the countryside before you move forward.

1. Logistics

Always consider the logistics for everyone in the family. Mom and dads work location for sure. But also schools and colleges if you have children. Consider the pick up and drop offs for Hockey, Rugby etc, after school and before they learn to drive. They grow up, so it won't be forever, but it needs to be considered.

2. Road Access

Year-round road access and maintenance are things to pay attention to when investing in a rural property. Especially in the winter months with our snowfalls, but both Rural Rocky View County and Foothills County are excellent at clearing the roads, and school routes take priority.

3. Garbage Collection

Garbage pick-up is no big deal on a rural property, most owners use a twice monthly pick up company and leave the bags on a scheduled day at the end of the drive. You also have the option to take it to the refuse dump yourself. Maybe burn it yourself in the yard, and in older homes you may have kitchen compactors, which come in very useful.

4. Water Supply

Your water source is important, you may be on a water coop or have your own water well, which will need to be serviced annually. Osmosis filters can be added to main supplies also, and in some cases you may be lucky enough to be connected to municipal water source.

5. Septic Systems

Sewage and water waste in the country are much different than in a suburb or city. If you are building you will have the added cost of putting your own in. This may be a holding tank or tank and field, remember to chose a septic system big enough for your house and the subsequent amount of occupants.

6. Energy Lines

Power lines and backup energy are things to ponder when looking at a rural property, but in Calgary and Area not many places have them above ground, power services here are pretty good, but you can still consider a power generator if the power lines get damaged given that you’ll be one of the last areas served for repairs.

7. Your Neighbours

Your neighbours may be a fair distance away compared to the city. Look hard though at how they keep their property, what animals if any, they may have. Always be aware of your boundary lines and understand your property rights.

Acreage living is certainly a different lifestyle, it does not work for everyone. But if you dream of the peace, quiet and relaxation, this could be perfect for you.

Sometimes finding the right rural property can take longer to find. You may consider a 2 acre property surrounded by similar sized homes a bit closer to the city, or go our further to get a bigger acreage.

Rural acreages can be a different buying process, but as always, we are here to help.

Questions Direct : Stu 403-850-0669

CHOOSING A NEIGHBORHOOD

Sat, 30 Nov 2024 04:27:46 GMT

Here’s a scenario! After months of searching you finally find your dream home, but it’s in a new neighborhood that you may not be familiar with. But not all is lost, there are a few ways you can learn about the community so you’re fully informed before you dive in at the deep end – and buy your home.

Take a couple of walks around the community

Get the feel or as the kids would say “The Vibe” Taking a couple of long walks can accomplish a lot of things. And here is another trick- drive around the neighborhood BUT at different times of the day. There could be a ton of cars parked when everyone and their kids are home! How noisy is it? Are the main roads busy, any building construction nearby?

Do a Dummy Run

Understand what your day-to-day will be like living in that neighborhood. Take a trip to work on your day off! Don’t just look how it is on Google Earth! Get out there and as they say “Get your hands dirty”. See if you can catch a neighbor in the garden and have a chat.

How’s the Public Transport?

Is there an LRT near or a bus stop? Maybe do a trial run and see how busy they get. If you can’t do this, try using the ‘time of day’ function on Google Maps to get an impression of what a rush hour commute looks like.

Online Research

Walk Score on Google maps is a good feature, you can learn about the walk ability, nearby amenities, professionals like doctors, dentists, pet parlor, and license places.

Finally, you see, it’s worth all the work to put yourself out because you could be there for a long time and as we say at Calgary Dream Homes - “No Surprises”

GET IN TOUCH TODAY – HAPPY HUNTING

10 CHANCES TO SELL YOUR HOME

Fri, 08 Nov 2024 23:48:12 GMT

1) Price Your Home Right!

Your home must be priced at market value for Calgary, your community and street. This is the most important tip of all. Price it to high and your home will sit on the market and become an old listing. Buyers then become suspicious and think there is something wrong with the property. We have a responsibility as licensed Realtors to prepare you a detailed Comparative Market Analysis (CMA). This will give you the market value price range of your home, based on relevant and Comparable Active and Sold homes in your community.

2) Choose An Experienced Listing Realtor

Get the job done in the quickest time with the best conditions and price. Make sure you have all the information. Let us give you the full picture based on what is happening in your community, and what you can expect. This includes price range, days on market and advice on preparing to sell.

3) Prepare The Home to Sell And Compete with Other Listings

Properties that sell quickly are well prepared, from de-cluttering to the cleaning. Follow our tips of getting the home ready. Make sure the outside is looking good to, when buyers are thinking of particular homes, they drive-by them and image themselves in the area. They can also dismiss them without even going in!

4) Online Marketing Can Go Two Ways

In today’s world of Internet Home searches and with 92% of buyers looking online. The online presence has to be good. Creb provide the facility for 50 MLS photos and additional remarks. When we list Rural properties we also include Aerial Drone Photographs, to make sure the potential buyer can see the surrounding land as well. But remember, buyers today are looking at your home online alongside many others, so it has to grab them and make them look further in depth

5) Professional Photographs & Glossy Brochures.

It goes without saying that the photographs of your home have to be first class. Gone are the days (well nearly!) when Realtors would take photos on their phone with the toilet seat up, and all the clutter around. Standards are high and you will no doubt be competing with a similar home down the road, so it has to have the best shot. That goes for brochures to! If a potential buyer has looked at a lot of homes, let them have a glossy brochure to take away so they can remember what they liked about yours.

6) Property Repairs.

Make sure repairs & maintenance jobs are done before the home is listed. Such as ceiling stains, loose door handles and railings, painting touch ups. As a potential buyers walks through your home, they have your “list Price” in their mind. But as they walk around they are looking at “jobs” that need doing. Most buyers don’t mind “a project” to do, but not too many! Remember that a job that needs doing is not too expensive for a seller to do, but twice as expensive when the buyer is viewing it.

7) Negotiating with Buyers.

When an Offer comes in ensure you look at all offers and you are reasonable and negotiate in “good faith”. Be sensible when Home inspection comes back with issues that the seller should have sorted out. Price reduction may be necessary to close the deal if there are repair issues, such as roof repairs!

8) Showing Your Home

Preparing to show your home and allow us to take appointments can be stressful, but our policy is always “day before notice” especially with Rural bigger homes. So the trick is to always keep the home part ready to show, so you only have to do a quick tidy, especially if you are going to work. Curtains back – blinds open, make sure the home has lots of lights. If you are only out for the period of the showing- make sure you leave lights on in darker rooms.

9) Make Sure your Out And Remove Pets For Showings

Pets should be removed for all showings, maybe if you have a smaller dog, pop them in a cage in the garage. Some buyers won’t even enter a home if they know there is a dog around. . Buyers are put off property very quickly when pets are in the house. The Seller ideally should not be at home, people will discuss and stay longer if there is no one at home.

10) Make Sure There Are No Odours!

Especially cigarette smells, pet smells, spicy food smells and basement smells. If it is not the middle of winter- open the windows and let some air in. Those Plug-in air fresheners can to ok but nothing too heavy and not too many of them.

GET IN TOUCH TODAY

SCENIC ACRES NORTH WEST CALGARY

Sun, 04 Aug 2024 20:55:13 GMT

Direct: 403-850-0669 E: Info@CalgaryDreamHomes.com

BUYING A SHORT TERM RENTAL HOME (Video)

Thu, 01 Aug 2024 19:15:05 GMT

https://youtu.be/E5P86hbsOFA?si=J614f5uvwHwS3J9n

Stewart talks to Assad Naeem from BMO

Direct: 403-850-0669 E: Info@CalgaryDreamHomes.com

BUILDING YOUR DREAM HOME (Video)

Sun, 28 Jul 2024 19:22:35 GMT

Direct: 403-850-0669 E: Info@CalgaryDreamHomes.com

BUYING AN ACREAGE - Stewart J Lowe talks to Mortgage Specialist Cory Lewis

Sun, 28 Jul 2024 00:57:59 GMT

RENTAL OFFSET FOR YOUR MORTGAGE

Thu, 06 Jun 2024 23:06:32 GMT

https://www.youtube.com/watch?v=qX_iqT-imDE

Direct: 403-850-0669 E: Info@CalgaryDreamHomes.com

JUST SOLD - 205 2702 17th AVE SW

Wed, 06 Dec 2023 02:41:00 GMT

JUST SOLD- CONGRATULATIONS TO MY GREAT CLIENTS WHO ARE THE SELLERS AND THE BUYER WHO NOW OWNS A SUPERB TWO BEDROOM CONDO ON 17th Ave SW.

ACREAGE LAND FOR SALE MAY 2026

Mon, 28 Mar 2022 22:36:05 GMT

Buying a Rural Property

Buying a Calgary Home While Selling Your Current one.

Mon, 10 Jan 2022 20:02:46 GMT

Are you in the position where you want to find a new home – but need a buyer for your current home? Fortunately there are a few options for people who are buying one home while selling another:

Buying using financing

If you need the equity in your current home to purchase another home, you will need financing to buy before you sell. Most people with a firm sale on their current home go for a short term bridge loan. Yes, it is a high-interest loan intended to help you fund your down payment and other costs that you will repay when your sale goes through.

Another option is a home equity loan, which creates a lien on your property. The bank has the right to repossess your home if you can't pay it back. Of course reducing the equity in your home whilst increasing your debt, won't look good on a mortgage application.

Selling with a delay

You have to have your timing right, but the best way to get approved for a mortgage is to have a buyer lined up for your house with a waiver to buy in place. Give yourself a longer possession period, your buyer is already ready to move and won't want to wait for you to find a new place. Buyers may agree to a relatively long closing period, maybe include in the contract, closing time can be reduced subject to agreement by buyer and seller.

Have a contingency plan

You may make the purchase of your new home subject to the sale of your own. This buyers clause is not always acceptable by a seller, especially if the seller has only just listed his property and is seeing a lot of action on it. You'll still be responsible for the deposit, but you'll get it back if the sale falls through. Unfortunately, this isn't a very great deal for the seller, they may be trying to manage the timing on a home purchase as well. With a “subject to the sale of the buyers home” you may have to show that your home is priced competitively to persuade the seller to accept your offer.

If you are going to need to make a home sale and a home purchase at the same time, we will need to go over your options with you.

JUST SOLD - 1111 77st SW. Acted for the Seller

Mon, 04 Oct 2021 22:13:26 GMT

Just Sold - Beautiful South West classic home in West Springs.- Represented the seller. CalgaryDreamHomes.com - Stewart J Lowe & Associates - Real Estate Professionals Inc

JUST SOLD - Varsity NW. Acted for the Buyer

Fri, 02 Jul 2021 17:12:53 GMT

SOLD

Fabulous North West Townhome

3335 42St NW - congratulations to our buyers.

JUST SOLD - 238 Citadel Drive NW. Acted for the Seller

Thu, 24 Jun 2021 19:20:46 GMT

Its always the best feeling - putting the SOLD sticker on one of our listings! 238 Citadel Drive NW sold in 10 days over list price. Happy clients! Stewart J Lowe & Associates at CalgaryDreamHomes.com & Real Estate Professionals Inc