May 2009

Tuscany Market Update for the first 15 days of May, 2009

Justin Havre

Saturday, May 16th, 2009 at 5:28pm. 244 Views, 0 Comments.

The community of Tuscany in NW Calgary continues to have some strong market activity. As of May 16th, 2009 there are 100 Active MLS Listings in this vibrant community that is very sought after. There are currently 12 properties that are under contract and there has been 27 Sales recorded so far this month.

• The average Tuscany Home that is for sale is a 3 bedroom, 2.5 bath, 1,944 sqft 2 storey for $529,702.
• The Average Tuscany House that has sold in so far in May is a 1,750 sqft 2 Storey with a selling price of $441,847.
• The average Home has spent 36 days on the market in Tuscany before it is Sold.
• The highest recorded MLS Sale in Tuscany is $690,000
• The Average Tuscany Condo for sale is a 2 bedroom, 2 bath, 1,269 sqft Townhouse for $366,854
• There…

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Homeowners in line for 15% Rebate on Home Renovations

Justin Havre

Wednesday, May 13th, 2009 at 8:16am. 777 Views, 0 Comments.

In an effort to stimulate the sagging economy, the Government of Canada recently introduced a new Tax Rebate on home renovations done in 2009. Following the recent announcement of the Home Renovation Tax Credit (HRTC), tax taxpayers can claim 15% of their home improvement bills for work done between January 27, 2009 to February 1, 2010. The tax credit, which is available for homes or cottages owners, is effective immediately. Taxpayers can claim renovations on their 2009 tax returns on costs over $1,000, but not exceeding $10,000 for a total tax break of $1,350 maximum. Eligibility for the HRTC will be family based. A family will be allowed a single credit that may be shared within the family. If two or more families share the ownership of an…

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Market Watch - May 2009 Housing Sales Increases for the Second Month in a Row

Justin Havre

Wednesday, May 13th, 2009 at 8:13am. 264 Views, 0 Comments.

For the second month in a row, the Canadian housing market has recorded an increasing number of sales in most areas around the country. “Conditions in the resale housing market have improved markedly this Spring,” according to TREB President Maureen O’Neill. “Home purchases have increased as households have taken advantage of low interest rates and slightly lower home prices.” While April sales remained lower than last year, the housing market gained momentum on a month-over-month basis. Paul Penner, President of the Fraser Valley real estate board, says current conditions have created one of the best buying opportunities in years. “REALTORS® have successfully communicated to their sellers to be more realistic with their prices, which is why we’ve seen…

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Just Listed & SOLD 75 Panamount Street NW - Calgary Real Estate

Justin Havre

Friday, May 8th, 2009 at 6:07pm. 158 Views, 0 Comments.

 Just Listed & SOLD 75 Panamount Street NW

We recently listed this bank owned property in the NW Calgary community of Panorama Hills. This 3 bedroom home had a total of 2053 sqft above grade and was only on the market for 3 days before being under contract. The property is now sold and it sold for 106% of list price.

If you are looking for homes in NW Calgary or in this community, visit our Panorama Hills Real Estate web page.

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Rocky Ridge Road Closure - Update & Mailing Campaign

Justin Havre

Friday, May 1st, 2009 at 1:05pm. 134 Views, 0 Comments.

After having two postponements of the closure of Rocky Ridge Road from City Council, meetings with the Mayor, various aldermen, Dale Hodges, and our MLA, Lindsay Blackett, we will be coming to the final decision to close the road May 11th, 2009.   If you feel passionate about this closure and realize the impact it will have on this community from risk/safety, economic and environmental cost perspective today and for the future, we are requesting that the community voice be heard once again. Your voice must be heard.   Please download and complete the draft letter (see: lines in red) http://tinyurl.com/LettertoLukeOuellette   Please forward it as an the attachment to Mr. Luke Ouellette. If you have time, it is important that you…

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