Legacy launches estate ridge lots and show home parade
A master-planned community in southeast Calgary is now showcasing its most upscale homes to date. The curtain rises for six show homes by an award-winning luxury builder group of Albi Homes, Morrison Homes and Calbridge Homes, on the estate ridge lots in Legacy today at noon. This also marks the official launch of sales on this stretch of the community. Legacy is by WestCreek Developments, and features a wide assortment of...
Walden leads the city in single-family home building permit applications
For the second month in a row, a community off 194th Avenue S.E. topped the city in demand for single-family housing. Walden’s 51 applications for permits to build single-family homes in October was the most of any community in Calgary, says the city’s planning and development department. The Genstar Development Co. community also set the pace in September with 35. “It comes down to affordability right now,” says Patrick Briscoe,...
Assignment of Contracts: What You Should Know
Recent media reports in British Columbia have brought property assignment, also called “shadow flipping,” into the public conversation. We understand real estate professionals and consumers may be concerned about these activities because of the media reports, but the situation is different in Alberta. Property assignment is typically a more common practice in rising markets and where there is a significant influx of foreign money;...
Walden Rezoning
The City of Calgary is reviewing a proposal submitted by Brown and Associates on behalf of Pacific Investments & Developments Ltd that would rezone an approximately 1 hectare (2.5 acre) site along Walden Boulevard in southeast Calgary. If approved by City Council, this will affect what development is allowed on the site. UPDATE: On July 31, 2014 the Calgary Planning Commission recommended approval of this application. It will now...
Locked In or Floating Rate-The Variable Mortgage Rates Dilemma
Locked In or Variable Rate Mortgages Lock in or float? This article from the Vancouver Sun suggests floating remains a good choice for many borrowers: Michael Kane Vancouver Sun HOME LOAN DILEMMA: TO LOCK IN OR FLOAT: Kelly Patterson, a mobile mortgages manager with VanCity Credit Union, says the posted rates used by financial institutions let them offer discounts of at least one per cent. Interest rates...
