New property at 211 STRATHEARN Crescent SW in Calgary Strathcona for sale.

See details here

This wonderful Strathcona home offers an excellent layout, tasteful upgrades & is in pristine condition. The ceramic tile foyer transitions to hardwood in the bright living room, complimented by a beautiful bay window, dramatic vaulted ceiling, along with a tasteful open-railing hardwood staircase. The upgraded kitchen features gorgeous quartz counter top, full tile back splash, under mount cabinet lighting & thoughtful storage. The sunny breakfast nook functions perfectly with the family feel of this home. Blending off the kitchen space is a bright family room with fireplace & designer mantle, a 1/2 bath and mud room entryway.

 

 

What was the chance that a blizzard in April would be on the day we shoot professional photos?

The upper level boasts two generous bedrooms, an updated full 4 pc main bath, and a Masters Retreat with hardwood, walk in closet & a beautiful 3pc en suite. A fully finished basement offers excellent open & versatile rec room space, laundry & a 4th guest bedroom. A spacious yard completes this fantastic family home. Located on a quiet street, this home presents exceptional value.
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Toronto positioned for greatest gains, Vancouver expected to normalize, healthy gains are forecast in Montreal, and cautious optimism is found in Calgary, says Sotheby’s International Realty Canada.

Sotheby’s International Realty Canada is forecasting that Canada’s market for residential real estate over $1 million will be led by the Greater Toronto Area (GTA) in the spring of 2017, with sales volume, velocity and pricing of the $4 million luxury segment projected to surpass previous years’ record-breaking performance. Vancouver’s $1 million-plus real estate market is anticipated to normalize in the coming months, while cautious optimism returns in Calgary. Montreal’s market for real estate over $1 million is expected to continue its course of modest, healthy growth.

Data compiled by Sotheby’s International Realty Canada in the country’s four largest real estate markets foreshadow spring performance in 2017. The GTA experienced the greatest year-over-year gains in sales over $1 million (condominiums, attached and single family homes). In January and February 2017, sales volume increased 87% across the region, while sales in the city of Toronto rose 44%. During this time, sales of luxury real estate over $4 million soared 144% and 147% in the GTA and the city of Toronto respectively. In Montreal, $1 million-plus real estate sales increased 13% in the first two months of 2017 compared to the year prior, while Calgary’s remained on par with 2017 levels. Vancouver sales over $1 million fell from historic highs by 45% year-over-year during this time as sales over $4 million contracted 68%.

Canada’s top-tier real estate market continues to face unprecedented levels of uncertainty in spring 2017, absorbing the impact of previously introduced government policy, responding to shifting signals on potential new regulation, and moving with forceful geo-political headwinds on a continental and global scale. In spite of these macro-influencers, local market factors such as inventory levels, regional economic and job indicators, consumer confidence and hyper-local demand will continue to be the predominant forces influencing top-tier market performance in spring 2017.

“The Toronto real estate market has pulled into a league of its own, and we expect to see all-star performances across every luxury segment – single family and attached homes, as well as unprecedented performance in the luxury condominium market,” said Brad Henderson, President and CEO of Sotheby’s International Realty Canada. “At the same time, rising Canadian consumer optimism will add positive colour to the markets in Vancouver, Calgary and Montreal in the coming months.”

Key National Influencers:

  • The Canadian economy surpassed expectations in the last three months of 2016 with an annualized gain of 2.6% compared to earlier projections of a 2.0% according to the Conference Board of Canada. This sets a strong foundation for healthy growth and more robust consumer, business and top-tier real estate market confidence leading into 2017. The Board’s Index of Consumer Confidence rose 9.0 points in February 2017 to 110.6 – the highest level in more than seven years. Quebec and Ontario saw the most significant improvements in consumer confidence, with the two provinces benefiting from the bulk of full-time positions created by the Canadian economy in recent months. Consumer confidence also rose in Alberta, with the index rising 8.2 points to 67.5, its highest level since March 2015. British Columbia’s index rose 2.3 points in February to 126.4.
  • The falling national unemployment rate serves as a positive indicator for several major real estate markets. The national unemployment rate fell to 6.6% in February 2017, its lowest level in over two years. Vancouver’s unemployment rate dropped to 4.7% compared to 6.0% in February 2016, posting the lowest rates of Canada’s largest cities and contributing to local market confidence for the spring. While Toronto’s rate of 6.8% remained consistent with February 2016 levels, Montreal’s below-national-average unemployment rate of 5.5% is anticipated to have a positive influence on conventional and high-end market demand. Calgary’s unemployment rate of 9.2%, up from 8.5% in the same month last year, poses a risk to newly emerging optimism within the top-tier real estate market.
  • The low Canadian dollar, which has hovered at 74 cents to the US through March 2017, positions Canadian real estate as a favourable investment for American and international buyers. This is encouraged by the growing gap between Canadian and US monetary policy and the countries’ interest rates. While the Bank of Canada maintained its overnight rate target at a historic low of 0.5% in March 2017, the US Federal Reserve raised its benchmark interest rates to a target range of 0.75% to 1% on March 15 to reflect a strengthening American economy. Along with other repercussions, the Federal Reserve’s latest increase continues to reinforce the value of the US currency.
  • Recently introduced municipal, provincial and federal policy changes impacting real estate remain wild cards in the top-tier market this spring 2017. The combination of tighter mortgage rules and regulations at a national level, a 15% property transfer tax on foreign nationals and foreign-controlled corporations buying Metro Vancouver real estate, and recent property transfer tax amendments in Ontario will have cascading effects, with a more complete picture to be revealed in coming months.

Calgary:

Cautious optimism has returned to the city of Calgary’s top-tier real estate market as sales activity stabilized leading into spring 2017. Sales over $1 million (condominiums, attached and single family homes) experienced 19% gains in 2016 over 2015, and early 2017 data indicates that this ground will maintain into the spring. As inventory contracted, 64 properties sold over $1 million during the first two months of 2017, unchanged from the same period in 2016.

Of these transactions, 57 single family homes sold over $1 million, up a marginal 2% over the same period in 2017. Two condominiums sold over $1 million in the first two months of 2017 compared to one in 2016.

Stabilizing consumer confidence, however, remains fragile. The city’s real estate market remains vulnerable to continued uncertainty in the oil and gas sector, elevated unemployment rates, wage uncertainty and net population outflow. The potential risk for new spring listings inventory to overtake demand also exists. With a buyers’ market still entrenched in Calgary, and with conventional and top-tier market indicators still weak, sellers are cautioned to price and market strategically for current conditions through the course of the spring.

Vancouver:

Vancouver’s top-tier real estate market is expected to normalize this spring, following an action packed 2016 that saw sales over $1 million hold steady at a nominal 1% year-over-year decrease from record highs as the $4 million plus market posted 34% gains in spite of multi-pronged policy introductions aimed at cooling the market.

Slackening sales at the start of 2017 signal a pending return to more moderate levels of market activity: residential real estate sales over $1 million declined 45% year-over-year to 531 units sold in January and February 2017, while sales over $4 million decreased 68% to 43 units compared to 133 units sold in the same period in 2016.

Single family home sales over $1 million fell 56% to 296 units sold in the first two months of 2017 compared to the same period in 2016. During this time, luxury home sales over $4 million stalled as real estate consumers hesitated and price expectations diverged between prospective buyers and sellers. Luxury single family homes over $4 million decreased 71% year-over-year to 35 units sold in January and February 2017 compared to 120 units sold during the same months of 2016.

Demand for top-tier condominiums continue to reflect greater resilience than the market for single family homes. Buoyed by favourable demographic trends, downsizing baby boomers and millennial first-time homebuyers are boosting demand as they seek alternatives to detached homes. Condominium sales over $1 million in January and February 2017 decreased 28% year-over-year to 142 units sold, with five sales over $4 million reflecting a 55% decline from the same months the previous year. Persistent bidding wars within the top-tier condominium market suggest healthy demand in spring 2017.

In spite of imminent real estate market adjustments, Vancouver has boasted Canada’s fastest growing metropolitan area economy for two straight years, and economic authorities have projected that the city will maintain this leading position into 2017 with a 2.8% expansion of the economy. Continued net migration, the lowest unemployment rate of Canada’s largest cities and low vacancy rates will continue to sustain long term housing demand and consumer confidence in Vancouver’s top-tier real estate market in the longer term.

Greater Toronto Area (GTA):

Soaring activity in the first two months of the year foreshadow new heights for the Greater Toronto Area’s top-tier real estate market this spring. In January and February 2017, the GTA (Durham, Halton, Peel, Toronto and York) market continued its record-setting sales streak, posting the strongest year-over-year gains of Canada’s four major metropolitan markets for the period. Real estate sales over $1 million (condominiums, attached and single family homes) increased 87% to 3,043 properties sold, while luxury sales over $4 million increased 144% year-over-year to 66 units sold. During this time, sales over $1 million and $4 million in the city of Toronto increased 44% and 147% year-over-year, to 943 and 42 properties sold.

These gains follow a year in which GTA sales over $1 million and $4 million surged 77% and 95% in 2016 over 2015, while $1 million-plus and $4 million-plus sales in the city of Toronto increased 44% and 87% year-over-year.

Exceptional performance is anticipated for the high-end condominium market in spring 2017. Shifts in demographics, strong consumer and investor confidence, and comparative affordability in face of escalating single family home prices has propelled steep gains in demand resulting in heated bidding wars, and robust sales. Across the GTA, early 2017 condo sales volume over $1 million exceeded 2016 levels by 104% with 167 units sold. Within the city of Toronto sales of condos over $1 million rose 85% year-over-year to 135 units. Four condos sold over $4 million during this time, all within the city of Toronto, up 33% compared to the first two months of 2016.

The $1 million-plus market for single family homes is projected to sustain heated growth this spring. In the first two months of 2017, the segment experienced 86% year-over-year gains in sales volume within the GTA and 38% gains in sales volume in the city of Toronto to 2,876 and 808 units respectively. The $4 million-plus luxury home segment is expected to surpass previous gains: in the first two months of 2017, sales volume rose 158% year-over-year to 62 units sold in the GTA, and 171% to 38 units sold in the city of Toronto.

Montréal:

Healthy gains are forecast for the $1 million-plus real estate market in Montreal for spring 2017, following modest year-over-year gains in sales volume in the first two months of the year. In January and February 2017, real estate sales over $1 million increased 13% over the same months in 2016 to 88 properties (condominiums, attached and single family homes) sold. While single family home sales rose 10% year-over-year to 76 properties sold, condominium sales over $1 million rose 33% to 12 properties sold.

Top-tier single family home sales are expected to see steady gains in sales volume and velocity from 2016 levels. The addition of new condominium inventory to the market with the recent completion of several new developments is projected to moderate prices, even as projected consumer demand is forecast to absorb additional supply.

Continued growth in Quebec’s provincial economy, buoyant consumer optimism and enduring political stability are set to sustain positive market conditions for top-tier real estate through the spring.


Disclaimer* The information contained in this report references market data from MLS boards across Canada. Sotheby’s International Realty Canada cautions that MLS market data can be useful in establishing trends over time, but does not indicate actual prices in widely divergent neighborhoods or account for price differentials within local markets. This report is published for general information only and not to be relied upon in any way. Although high standards have been used in the preparation of the information and analysis presented in this report, no responsibility or liability whatsoever can be accepted by Sotheby’s International Realty Canada or Sotheby’s International Realty Affiliates for any loss or damage resultant from any use of, reliance on, or reference to the contents of this document.
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   Welcome to 137 SILVERADO PLAINS Close SW in Silverado/Calgary!

See details here

This is a rare bungalow in Silverado loaded with desirable features in a great location! The ceramic tile foyer leads up to the living room where the vaulted ceiling & tasteful designer tones allow for a bright open feel. The kitchen features a large corner pantry, full tile back splash, flat top island with accessory outlet & blends into the eat-in nook
A slight hallway perfectly separates the main 4pc bathroom & a good sized bedroom. The Masters Suite features a dbl closet & full 4pc en suite. An open style stairwell to the basement showcases durable laminate in the versatile rec room/theatre space featuring built in speakers. A thoughtful laundry dbl closet is perfect to conceal this useful space. The 3rd bedroom is absolutely massive & features 2 oversized windows. A full 3pc bathroom completes this excellent basement along with a dedicated storage room. The dbl detached garage is even heated w/220V! With central A/C, R/V storage, central vac & only steps away from a playground. An excellent value! Offering a total of 1683SqFt of (professionally measured) developed space. Silverado is proudly anticipating TWO new schools (K-4 Public and K-8 Catholic) for Fall 2017.
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Fantastic Property Backing Onto Kinniburgh Pond - 324 Kinniburgh Boulevard

  

This gorgeous walk-out home offers distinctive design details & a fantastic location backing onto the pond! The designer style begins in the foyer with tile entry & convenient bench/locker nook. The dream kitchen features an oversized granite island with live edge detail, floor-to-ceiling cabinets & gorgeous tile backsplash. The open design blends into the spacious dining area & living room with incredible fireplace & textured tin mantle. Open the double doors to entertain & soak in the amazing views on the generous deck. The upper level boasts a bonus room w/vaulted ceilings, 2 large bedrooms & beautiful 4pc main bath. The Masters Retreat has a spa-like feel overlooking the pond, and flows into the en suite with double vanities, free standing tub, separate shower & huge walk-in closet w/built-in wardrobe. The basement features stunning polished heated concrete floors, open rec area, a 4th bedroom & full 4pc bath. Open the double doors to the serene setting outside. This is remarkable living! Incredible features and upgrades in this home include: Central A/C, Central Vac, Full Alarm/Security System, Heated, Finished Garage, Surrounds Sound System Throughout Home and Outside, Heated Floors in Basement and En Suite, Underground Sprinkler System, Theatre Room Setup in Bonus Room, Polished Concrete Flooring in Basement, Built in Lockers in Foyer and Mud-Room, Built-in Wardrobe in En Suite, Fully Landscaped & Custom Fitted Window Coverings.

     

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 Property Photo: 290153 96 ST E in De Winton

 

 

 

 
 
 
 
 
 
 
 

 

 

 

 

 

Presenting 290153 96 Street East in De Winton.  

A beautiful acreage setting compliments this stunning walkout bungalow, boasting 4 bedrooms in total & featuring a dramatic main level with vaulted ceilings. The huge kitchen centers around an expansive island & flows into the bright open dining room & living room with a focal stone fireplace. Downstairs there are 2 spacious bedrooms complete with a beautiful 3 pc bathroom & a fantastic layout offering a luxurious wet bar, beautiful double sided stone fireplace, & theatre area. Entertain at the bar, or open the patio doors where interlocking stone leads to a excellent built-in bbq gathering area. This lower level is an entertainer's dream. Unique to this property are 2 separate 1500 SqFt buildings, perfect for the hobby/sports/car enthusiasts, or trades person! With in floor heating, brick fireplace and 4 pc bathroom, this first outbuilding offers an abundance of use options! The 2nd shop features open space, overhead heating & upgraded electrical for professional applications. Brazilian cherry hardwood flows down from the foyer hall and throughout the living room and dining area. Built-in pantry, tech desk centre and expansive deck with lovely tree lined views, make this main haven the heartbeat of the home and in perfect harmony with its country surroundings. The beautiful Masters Suite offers double closets with glass inlay and functional storage space. This retreat allows room for king sized furniture and flexible layout. Complete with a beautiful en suite that hosts heated tile floor, a soothing jetted tub and a long marble counter, this bedroom is a truly tranquil part of this extraordinary home. The attached oversized 3 car garage is fully finished and offers high ceilings and room for shelving or storage. The 2 additional buildings feature in-floor heating and even function on a separate septic system. An excellent opportunity to own a remarkable property close to schools, sports centers, shopping and city amenities.

See Details Here. For more information, please contact Steven Hill of Sotheby's International Realty Canada at 403-863-6344 or shill@sothebysrealty.ca
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Gorgoeous Family Home With Stunning Location in Chestermere!

A wonderful opportunity to own this beautiful 5 bedroom, fully finished walk-out home, backing on to the serene setting of Kinniburgh pond! You are greeted by a huge front covered veranda entering into the foyer where hardwood & tile lead to the den/flex room, open living room & kitchen, where it blends to the spacious deck & fantastic views. Boasting a gorgeous granite kitchen island w/eat up bar, loads of cabinet & counter space, open dining area & artistic 24x24 floor tiles, complimenting the stainless back splash & designer touches throughout. The upper level offers a bonus room, lovely master retreat overlooking the pond, double vanity en suite with soaker tub & large separate shower. The other 3 spacious bedrooms & a beautiful main 5pc bath make this a dream family home. The bright basement features a wide open rec area, open theatre area, wet bar, spacious 5th bedroom, gorgeous bathroom & storage room. This is beautiful living. Flexible possession is available. Additional features include a fully finished garage, storage under the deck enclosure and R/I gas line for the range along with Gas line on deck for BBQ. Each and every bathroom has heated tile flooring!  See details here

 

 
 
 
For More Information About This Listing, Please Contact Steven Hill Directly at 403-863-6344 or email
 
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Client Loyalty Is The Direct Result of The Service You Provide

After 21 Days on the Market, I am delighted to report that I have sold a property at 267 SUNMILLS DR SE in Calgary.  Originally helping this wonderful family purchase this property years ago, it was an honour to work with them again to sell it. 
 

SOLD in 21 Days for 97.5 % of List Price!!!

 

An excellent opportunity for big value in Sundance. This large 4 level split, sitting on a north facing corner lot offers a dramatic vaulted ceiling front to back, which gives the main living room, open dining area and kitchen a bright and airy feel. The upper level features a Master Bedroom with spacious walk-in closet and 3 piece en suite, while the other 2 bright bedrooms are near the full 4pc bathroom.The lower level living room with corner fireplace, has a large window that soaks the room with light. This level blends to another 4th bedroom, 3 piece bath and the laundry room/mudroom off the double garage access. Below, there is a generous open room, and another bedroom, along with plenty of crawl space for storage. Within an ideal proximity to schools, bus routes & the lake, this home has a lot to offer. Bring your ideas for fresh paint and new flooring and you will see this as a great opportunity for big value with a little vision!

 

Client's  Social Media Pos To Friendst:

"Our house in Calgary sold! New chapter continues....
Super huge thanks to Steven Hill, our realtor....sold in record time for 97% of list price....if you need a realtor in Calgary go to Steven Hill with Sotheby's. Steven sold us our house 6 years and when we knew we were going to sell he was our first thought. Steven went way beyond for us. He coordinated the sale while we are in living in California , shoveled our huge sidewalk, cleaned our house for us, professional photos and measurements at no extra cost....WOW...THANK YOU Steven Hill!"

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BULLSEYE
 
That's what it takes to sell a property in this Calgary market.  Find the bullseye and the market will agree.  So pleased for these great clients that their home sold in two days for 99% of list price.  This is my second sale for these clients netting them an average of 103% of sold price to list price average.

SOLD AFTER TWO DAYS ON THE MARKET FOR 99% OF LIST PRICE!!!!


Fully Developed Walk-Out with over 3400SqFt! The spacious foyer greets you with soft designer tones, tile floors & 9ft ceilings. Passing a large flex room (office/den/dining) the layout then opens to the generous kitchen w/granite counters, extended height cabinets, s/s appliances, & a corner pantry. Flowing off the stylish eat-in nook area is the large, low-maintenance deck, overlooking the greenspace pathway. A spacious living room with a corner fireplace soaks in light from the large windows. The amazing upper level boasts a bonus room, 3 large bedrooms & upper level laundry. Your Masters Retreat offers ample space, W/I closet & beautiful spa-like en suite w/dual vanities, deep soaker tub & separate shower. The masterfully finished walk-out basement offers a stunning entertainment space with a custom bar, expert level millwork & open theatre area. A beautiful 3pc bathroom & huge 5th bedroom compliment this amazing space. Close to schools, Fish Creek & all amenities, this is a fantastic home! A gas BBQ line on the deck and stairs down to the ground level where there is a stamped concrete landing compliment the great walk-out lot. Even the basement bar-top was made of Alder wood actually reclaimed from the Coach & Horse pub. As authentic as it gets! The bonus room offers the flexibility to convert to another bedroom as well.

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IT IS A TRUE HONOUR TO WORK WITH AMAZING PEOPLE

A Lasting Impression Is Far More Important To Me Than A First One,

Please Read About Kayle & Jennifer's Experience

 

CLIENT TESTIMONIAL

Steven was a wonderful realtor to work with!  My boyfriend and I started looking open houses a year prior to when we were going to buy to get a better idea of what we were looking for.  We met Steven as he was hosting an open house for a client.  We took his card and made sure a year later to contact him as he left a lasting impression with his professionalism and knowledge of real estate.  Steven took a deep interest in what we were looking for and asked us questions about what we needed in a house that we didn't even think about.  His attention to detail, strong communication and commitment to find us exactly what we needed was amazing.  We found our dream home thanks to him and could not be more happy with the final outcome!                                                                 -Kayle & Jennifer

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CNBC broke the news this morning that for 2016, the Sotheby’s International Realty Affiliates LLC affiliated brokers and sales professionals achieved approximately $95 billion in global sales volume, the highest annual sales volume performance in the history of the brand, driven largely by a brand record of over 127,000 transactions. 

 

“During a year when the words “slowdown” and “slump” were used to describe the luxury housing market, 2016 turned out to be a banner year for Sotheby’s International Realty.” – CNBC                                                                                                   

Global Growth

The Sotheby’s International Realty® brand also reported growth across its global network, which now encompasses nearly 70 countries and territories worldwide. At year-end, the network totaled 880 offices and more than 20,000 sales associates.

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Outside the United States, the Sotheby’s International Realty brand achieved $10 billion in sales volume in 2016 and continued to expand into key markets. The brand saw continued growth in Europe, entering the countries of Austria, Croatia, Slovakia, Slovenia and Montenegro. The brand also expanded in the Asia-Pacific region through affiliations in Fiji and Shanghai and continued to grow in Hong Kong and greater Thailand. Finally, the brand expanded its presence in the Caribbean with the addition of affiliates in Roatan and St. Vincent & the Grenadines.

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In the United States, the Sotheby’s International Realty brand achieved $85 billion in sales volume in 2016 and also added seven independently owned and operated residential real estate firms as well as 45 new offices to its network across the country.  This past year witnessed continued significant growth by existing affiliate companies through talent attraction and mergers and acquisitions, most notably increasing the brand’s market presence in Lexington and Concord, Massachusetts, throughout southern Rhode Island and on the island of Kauai, Hawaii. The brand also entered several key new markets last year, namely: Gulf Shores, Alabama; Pittsburgh, Pennsylvania; and Virginia Beach, Virginia.

 Innovative Technology

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The Sotheby’s International Realty brand was at the forefront of interactive technology in 2016 with the introduction of 3D Tours with Virtual Reality capability on sothebysrealty.com. Additionally, the site saw the most traffic in its history with nearly 22 million visits, a 54% increase year-over-year.Capture2

The brand also launched the first luxury real estate app for Apple TV, featuring professionally curated high-resolution photography and high-definition video giving consumers the opportunity to explore homes on a screen larger than ever before. An alliance with Juwai.com was launched in 2016 that gives the Sotheby’s International Realty network an edge to generate Chinese homebuyer interest on one of the world’s most prominent real estate websites with over two million monthly visitors. As a truly international brand, Sotheby’s International Realty has the most global representation on Juwai.com, displaying luxury listings from 66 countries and territories.

 

“CEO Philip White told CNBC in a recent interview that Sotheby’s makes “the consumer the real focus, and that’s important when you do business in the luxury space. We made a decision early on to provide the consumer a high level of exceptional service and true global exposure.”‘- CNBC

 

The Sotheby’s International Realty brand was the No. 1 real estate company represented in two of the six categories that comprise the annual REAL Trends/The Wall Street JournalTop Thousand” report. The Sotheby’s International Realty brand claimed 45 of the top 250 sales associates in the Individual Sales Volume category, more than any other real estate company. The brand also had the highest combined individual sales volume from sales associates in the same category. In addition, the Sotheby’s International Realty brand had the most individuals represented in the Individual Average Sales Price category, holding 17 of the top 50 spots (34%), further establishing the strength of the Sotheby’s International Realty brand as a leader in luxury real estate sales.

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The real estate market in Calgary is once again becoming fast paced as we inch ever so closer to spring. All the while, mortgage insurance rates are due to increase (see below) and there are signs of some stability overall. While sellers still have to be highly strategic and careful, buyers are still enjoying strong selection, which sets up for what will be a very busy spring.
So how does one choose the real estate brand to best represent a sale? Local exposure is always important, but with other hot investor markets looking at Calgary as a viable option, every property in every price range should utilize the best of a global marketing reach. For buyers, expansive knowledge and qualifications are critical to negotiate the best purchase as possible.
This is where Sotheby's International Realty Canada offers the best of both. Please enjoy the short video below and see why I am so proud to be working with the best brand in the world.
     
 
SOTHEBY'S: THE BRAND
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2017 ROAR AWARD NOMINATION
 
   
    

This month, I have been honored to have been nominated for the Mentorship Distinction ROAR Award.
Last year, I dedicated special attention to sharing my experience and knowledge with a newly minted realtor who joined our SIRC team. Not only did she have a successful year by any account, but she outperformed the local, provincial and national sales standards by substantial margins. I won't take credit for her great success, but was very proud and humbled to offer critical insight along the way in order to ensure her success.The mentorship process taught me a lot along the way, and I will look forward to the rewarding process again in the near future.The ROAR Awards were developed for REALTORS®, by REALTORS®, to recognize those who demonstrate role model-caliber performance in specific areas of real estate.These awards provide a unique opportunity to celebrate the exceptional talent and hard work of Calgary and area REALTORS®. They recognize REALTORS® for their professionalism, excellence and dedication to their careers, mentorship, and how they contribute to their communities.These prestigious awards identify each recipient as a true professional, with qualities to which all REALTORS® can aspire.
 
 
 

Calgary and area REALTORS®, as well as members of the public,
submit nominations in five key award categories:

  • People's Realtor
  • Commitment to Education
  • Community Impact
  • Marketing Excellence
  • Mentorship Distinction
 

 
This is the second time in my career that I have been nominated in a category.  I am so honored to have the privilege of working with amazing clients, friends and colleagues. I hope to make you all proud!
 
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NEW CMHC MORTGAGE RULES START MARCH 17th
 
 
 
 
Homeowner mortgage loan insurance premiums are changing as of March 17. For the average CMHC-insured homebuyer, this means an increase of around $5 to your monthly mortgage payments.
  • Mortgage loan insurance helps protect lenders against mortgage default and enables consumers to purchase homes with a minimum down payment of 5% with interest rates comparable to those with a 20% down payment.  Mortgage loan insurance is typically required by lenders when homebuyers make a down payment of less than 20% of the purchase price.

  • CHMC's new premium rates will be effective for new mortgage loan insurance requests submitted on or after March 17, 2017.  The current mortgage loan insurance premiums will apply for applications submitted to CHMC prior to this date, regardless of the closing date.  As is normal practice, complete borrower and property details must be submitted to CMHC when requesting mortgage loan insurance.

  • The changes do not impact mortgages currently insured by CMHC.
 
 
 
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CREB® | Market Forecast Report

CREB® delivers a market forecast twice annually—once at the beginning of the year (typically the second week in January) and again around the mid-point (July/August).

The forecast report provides a comprehensive look at key economic indicators that influence housing within CREB®’s region boundaries, from energy prices to employment and population trends, to name a few.

It also examines each market sector, explores housing by property type and clarifies how supply and demand is functioning at the district level. 

To learn more and view CREB®’s latest forecast report, please click here more information.

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Sotheby's Top-Tier Real Estate Report
2016 Year End Report


Sotheby’s International Realty Canada's recently released 2016 Year-End Top-Tier Report for Canada's major metropolitan centres has been featured in major media across the country, including Business News Network (BNN), Globe & Mail, CBC News, Toronto Star, Montréal Gazette, Calgary Herald and Vancouver Sun. The release was spotlighted in over 100 print, TV and radio media outlets from coast to coast.
 
The report revealed significant shifts in the performance of key Canadian top-tier real estate markets in 2016. The country’s four major metropolitan centers reflected resilience in spite of major domestic and global changes, as local market fundamentals emerged as the dominant forces in reshaping market performance across the country.
 
“Toronto’s luxury real estate market shattered previous performance records for the second straight year and defied industry expectations,” says Brad Henderson, President and CEO of Sotheby’s International Realty Canada. “At the same time, in light of the unexpected and unrelenting changes that rippled across the housing industry in 2016, the top-tier real estate markets in Vancouver, Calgary and Montreal demonstrated tremendous resilience, and in many cases sheer defiance, to post healthy performance across the board.”
 
According to Henderson, local market factors such as inventory constraints or oversupply, regional economic performance, levels of local consumer confidence and domestic demand, prevailed in shaping the top-tier real estate market even as major changes in municipal, provincial and federal policy directly impacted the sector and the housing finance system in 2016. Similarly, global political and economic headwinds were tempered by regional trends and hyper-local real estate conditions.

 Calgary Highlights:

Top-tier sales activity in Calgary over $1 million stabilized in 2016 compared to 2015. Motivated sellers were propelled into the market with lower price expectations and homes previously listed for extended periods of time were relisted at lower prices.

  • In total 542 properties (condominiums, attached and single family homes) sold over $1 million in  2016, representing a 19% year-over-year increase.
  • Annual sales volume increased incrementally across the $1 – 2 million and $2 – 4 million price categories by 16% and 47% respectively.
  • The sales of real estate over $4 million increased to four units in 2016, compared to one unit in 2015.

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Proud To Announce

My Recent Prestwick Sale With Competitive Offers And A Sale Of $11,000 Over Asking Price Made National News!
Featured In The Globe And Mail Today!!  For A Direct Link, Click Here

 

 

For More Information About This Amazing Sale or If You Want To Experience A Sale As Successful As This One, contact Steven Hill directly!

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November Was A Month Of Big Progress

 
 


While the overall Calgary housing market is still in flux, and generally still feeling the effects of overall decline, it can present hidden opportunity if the market conditions are read correctly. Recently, I sold a home in 3 days, with 3 competing offers, for $11,000 over asking price. This month, another client experienced another fantastic result by selling her home in only 8hrs on the market for 99.7% of list price. It certainly was a case of hidden opportunity, by reading the market subtext and doing everything right to make a successful sale happen.

Behind the scenes, there was a lot of forward progress too....

Certified Luxury Home Marketing Specialist

"Steven Hill has earned the Million Dollar Guild (GUILD) Recognition® owned by The Institute for Luxury Home Marketing®. The GUILD recognition is awarded to residential real estate professionals performing in the million-dollar and above market. In order to earn the recognition, real estate professionals must first earn the prestigious and exclusive Certified Luxury Home Marketing Specialist® (CLHMS) designation and subsequently must provide documentation proving their specialization in the million-dollar and above market. The Million Dollar Guild® recognizes those residential real estate professionals who have demonstrated their experience and proficiency in working with the affluent customer. The Institute only awards the recognition to professionals who have provided verified and notarized documentation of performance reflecting sales in the top 10% of their given market and above the million-dollar threshold."

It is important to me to offer the highest caliber of qualifications to service my client's entire real estate portfolio.

I Have My Own App - For You - For Free!

For years, I have been emailing out various lists of recommended lawyers, home inspectors etc etc to my clients and friends who need good solid referrals. Taking this way beyond a simple spreadsheet, my new app will not only offer a growing list of relevant vendors, but I also see it as a great way to promote my clients businesses to other clients/friends.

It has so many easy features built in. You can refer your favorite realtor to your contacts, with just a few 'clicks' and easily find companies to help you with your home - anytime - all the time.
 
The app is very new and will be growing. If you have a business that you would like to be represented and promoted safely to others, please reach out to me and we will expedite the application process. It's a great way to share great people and businesses, with other great people!
 
Here is the link to download on your mobile device. 

STEVEN HILL - SIRC
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I will also be sending out an invitation to download the app on your mobile device soon!

New Website!

Not only are all my listings showcased globally with the unparalleled marketing reach of Sotheby's International Realty Canada, but they are now represented with the same high quality presentation on my own site.

New. Fresh. Crisp. That was the idea behind upgrading my website to a fresh new look. Please take a moment to take a look and see what you think!

StevenHill.ca


Steven Hill
Realtor, CLHMS, CCS, SRS, ABR
Sotheby's International Realty Canada
290, 815 17 Avenue SW
Calgary, Alberta T2T 0A1
403-863-6344
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The Alberta Real Estate Association (AREA) released this update to its licensed Realtor body yesterday, informing us of the forthcoming regulations to be implemented on October 17th. It offers some important insight as to the changes ahead.

This is their entire message:

AREA remains in contact with REALTORS®, mortgage professionals, lenders and insurers for information that continues to become available as the real estate and mortgage industries continue to prepare for changes to the mortgage insurance rules effective October 17, 2016.

In speaking with lenders, it is our understanding that lenders and insurers are establishing their policies with a limited amount of contact from the federal government other than the government's backgrounder on the announcement, which states:

The announced measure will apply to new mortgage insurance applications received on October 17, 2016 or later. This measure will not apply to mortgage loans where, before October 3, 2016: a mortgage insurance application was received; the lender made a legally binding commitment to make the loan; or the borrower entered into a legally binding agreement of purchase and sale for the property against which the loan is secured. Mortgage loans for which mortgage insurance applications are received after October 2, 2016 and before October 17, 2016 are also not affected by the rule change, provided that the mortgage is funded by March 1, 2017. Homeowners with an existing insured mortgage or those renewing existing insured mortgages are not affected by this measure.

Based on the information AREA received, the AREA Advisory to members stated that 'Accepted Offers to Purchase signed before October 17, 2016 will qualify under the current rules provided that the mortgage is funded by March 1, 2017'. Discussions with lenders and the government backgrounder indicate that having a legally binding purchase contract prior to October 17, 2016 may not be enough - the mortgage insurance application may also have to occur prior to October 17 for the current rules to remain in effect.

What does this mean?

  • Have your client contact their lender to learn more about their policies on the application of the new mortgage insurance rules.
  • In many cases, we understand lenders will require the mortgage insurance application to occur prior to October 17, 2016 to fall under the current rules.
  • Where the application does not occur until on or after October 17, 2016, the new 'stress test' would apply, requiring the buyer to qualify for a mortgage at the Bank of Canada posted rate, currently 4.64%, even though they would still receive the contract rate.

The example in the October 7 Advisory illustrating the effect of the new rules continues to apply. Family A is qualifying for a mortgage using the following information:

Current Annual Family Income

$87,000

Household Debt Payments

$700 per month

Property Tax Payments

$3,000 per year

Down Payment

5%

Mortgage Rate

2.49%

Result:

  • Qualifying for a mortgage and applying for mortgage insurance under current rules, Family A qualifies for a purchase price of $450,000.
  • Qualifying for a mortgage and applying for mortgage insurance after October 17, 2016, given the need to qualify at the Bank of Canada rate of 4.64%, Family A qualifies for a purchase price of $360,000.

Questions

Have your client speak to their lender and their mortgage professional about their circumstances. Depending on where they are at in their search or the purchase process, the changes may affect their buying power and adjustments may need to be made to their search criteria.

 - As always, it is important to have all the facts and the best representation possible from your licensed real estate professional and your lender. If you have any questions, please feel free to contact me anytime.

Steven

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Sold After Only 3 Days On Market For $11,000 OVER LIST PRICE With 3 Competing Offers!


126 Prestwick Terrace SE Calgary SOLD By Steven Hill | Luxury Calgary Realtor


126 Prestwick Terrace SE Calgary SOLD By Steven Hill | Luxury Calgary Realtor126 Prestwick Terrace SE Calgary SOLD By Steven Hill | Luxury Calgary Realtor126 Prestwick Terrace SE Calgary SOLD By Steven Hill | Luxury Calgary Realtor

126 Prestwick Terrace SE Calgary SOLD By Steven Hill | Luxury Calgary RealtorExcited To Announce The Firm Sale Of This Amazing Family Home In Prestwick! 

 

My wonderful clients can now enjoy a little piece of mind being sold!

I am sincerely grateful for amazing clients willing to share their story for others.  It has been an honour working with them.

 


CLIENT TESTIMONIALS:

"Steven will be our realtor for life! From selling our downtown condo, to our first family home, his professionalism, humor and hard work has made the task of buying and selling real estate not only seamless but enjoyable. Most recently, he sold our family home in McKenzie Towne in 3 days for 11K above list price. Having 3 young children, showing a home is a huge undertaking and Steve made it easy on us and stress free. We have trust in him that he has our best interest in mind, as both as sellers and buyers and this is probably the most important trait to look for in a realtor. Thank you for all your hard work, we appreciate it more than you know and will recommend you to everyone we talk to!"  

- Brittany


 

"We first used Steven when we were looking for our first home, after having an uninspiring showing with a different realtor.  During our first meeting, we knew right away that Steven was a man who had our best interest at heart.  Right or wrong, this wasn’t something I was expecting from a realtor.  After going through several different homes, we found one that was perfect in every way, except for the price.  I still don’t know how he did it, but he got the seller’s down to a price that we were comfortable with and we’ve spent almost 7 great years in this house. 

Fast forward to today, with a bigger family now, we’re looking at something that can comfortably accommodate all of us.  There was never any question who we would use as our realtor.  Steven came in and made the whole process so easy.  And just like the first time with this house, we’re still not sure how, but he had it sold within three days at 11k over list price, dealing with three competing offers. 

As we now take the next step and search for what we’re calling our ‘forever home’, Steven continues to impress with his professionalism and knowledge.  There’s nobody we’d rather have in our corner, making one of the biggest purchases we’ll ever make, than Steven.

We’re very fortunate to not only be able to call Steven our realtor, but also our friend!"  

- Josh


 

For More Information About This Particular Sale or About Selling Your Own Amazing Home With Steven Hill, Please Contact Steven Directly at 403.863.6344 or SHill@SothebysRealty.ca

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6 Common Mistakes Home Buyers Make

05.05.16

 

4 May 2016, written by SIRC

Home buying is a little like love—when the right one comes along, you know it. Even the most sophisticated buyers can let their hearts rule their head when it comes to real estate. Solid research is key to any successful home buying transaction, so do your homework no matter how enchanting the property. Here are six common mistakes to avoid:

No Home Inspection

Luxury kitchen with stained glass skylights

The house is brand new and built of the finest materials. Everything in it is state-of-the-art. Do you really need an inspection? The answer is, of course, “yes.” It’s always possible something is wrong, even if the dwelling meets local building codes. Thorough scrutiny by a qualified inspector—one who’s a member of a professional association like the Canadian Association of Home and Property Inspectors—is always money well-spent. As with any home inspection, accompany the inspector so you understand why a problem may exist, and ask questions.

In some especially hot markets, such as Vancouver, certain homes are marketed as subject free: no inspections, no financing. That’s always risky. You might win the bidding war, but end up with a very expensive house with structural or other issues. Enlist the help of a qualified REALTOR® to avoid potential issues later on.

Missing Financial Documentation

Purchasing a luxury home may require you to provide more information to a lender—or a seller—than a lesser-priced abode. In addition to the disclosures with which you’re already familiar, the lender may want detailed information from your accountant. The seller may require that any potential buyers provide proof they can indeed afford the property before permitting a viewing. Get your documents in order before starting your search. These include:

  • Tax returns
  • Corporate profit and loss statements, if applicable
  • Other properties
  • Asset statements
  • Cash reserve proof

The extra documentation involved in purchasing a luxury home may mean an extended verification period.

No Zoning Check

Luxury home in Canmore Alberta

You’ve found your piece of heaven with a mesmerizing view and a landscape that looks much the same as it did a century ago. Just make sure you check the zoning before making an offer. That picturesque farm on the corner could soon become the site of the new regional high school, or the zoning may permit new developments on relatively small lots. Even if the new homes are high-end, they change the character of the area. You can often check zoning maps online or inquire at the city hall. There are resources available for most cities, including Calgary, Montreal, Toronto, and Vancouver.

If you’re purchasing an equine property, don’t mistake the number of stalls in the barn for the number of horses you can keep on the land. Restrictions are often based on horses per acre.

Not Everything is in Writing

Experienced home buyers know the importance of getting everything in writing before purchasing a home. Still, you might assume that an item, such as lighting, is a fixture and comes with the property. Avoid assumptions, and make sure any appliances you want to remain are staying put, and that attractive fixtures are indeed part of the deal. Request a written breakdown of room sizes and details so you know exactly what you’re getting.

Lifestyle Clash

Twin marble staircases and chandelier in a luxury home

Does the house fit your current and anticipated lifestyle? You might adore the grand staircase and second-floor balustrade, but if you plan to expand your family, that configuration is a nightmare for parents of small children. How much upkeep will the house and grounds require? Practicality often takes a backseat in the presence of beauty.

Unqualified Agent

Even a savvy homebuyer might make the mistake of using an under-qualified agent, one who doesn’t understand the high-end real estate market and who lacks the proper credentials. Sotheby’s International Realty Canada agents not only possess comprehensive knowledge of the local real estate market, but have the expertise and skills to ensure a client does not make these common errors when purchasing a home. Clients receive accurate market and property information, prompt access to coveted properties and the highest level of service and discretion. They also receive exclusive access to some of the best properties on the market—many of which may never be available to the public on MLS.

Ready to start your search? Visit Sotheby’s International Realty Canada to browse listings in your preferred region.

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