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Alberta — Lower homeownership costs pump up resales

The biggest cumulative drop in the history of the RBC affordability measures in

Alberta further deepened in the second quarter as the share of household income

taken up by the costs of owning a home in the province shrank by 0.2 to 0.5

percentage points depending on the housing type. The RBC measures are now

back to levels that prevailed at end of 2005-early 2006 and are below long-term

averages. The significant improvement since mid-2007 greatly reflected doubledigit

price declines since the market peak, which have amplified the effect of the

drop in mortgage rates. Buyers have strongly responded to the more palatable

ownership costs and have jumped back into the housing market in a big way since

the spring. Sales of existing homes in the province have soared by more than 60%

between April and July, fully retracing last year’s slide. Overall, property prices

have yet to firm, but tightening market conditions should set the stage for some

appreciation in the near future.

 

For more tips, updates and lists of homes for sale in the Medicine Hat, AB area go to www.MedicineHatHouses.com

Thanks to Mandy MacDonald (Mortgage Specialist) and RBC for providing this information.

Sold

The Flats, Medicine Hat  -  The 1 1/2 story at 953 Queent St SE has been sold.

 

Property information

 For More Homes Like This: www.MedicineHatHouses.com

WOW!
GREAT RECREATIONAL PROPERTY

•  lot / land - $160,000 - RARE OPPORTUNITY

 -  Build your dream log home, cottage or luxury vacation home on this 1/2 acre in the remote location of hamlet of Beaver Mines. Located less than 2 hours from Calgary, between Crowsnest Pass and Waterton Lakes National Park, this peaceful area gives you access to fantastic skiing(Castle Mountain and Fernie, BC), fishing (3 lakes in the vicinity) swimming, boating, hiking all year round, hunting and 4x4-ing and snowmobile-ing. Playground, general store, gas station, and restaurant are all short distances. This 1/2 acre lot is serviced, in a cul-de-sac and is secluded with many trees. Currently, due largely to the expansion of Castle Mountain Resort and the growth of Calgary to the north, the hamlet of Beaver Mines has begun to grow as a popular recreation destination. Cabins in the area are vaulued in the range of $500,000-1,000,000. This is a great investment.

Property information

 

www.MedicineHatHouses.com for more info.


Surrounded by Coulee

•  lot / land - $185,000 - Priceless

 -  Very Rare opportunity to own 3 acre lot backing onto large coulee (breathtaking view). Build your dream home or vacation home 1 mile from Rattlesnake Park. Only 20-25 mins from Medicine Hat. This is a lifestyle not just a place to rest your head. Peace and quiet, away from the hustle and bustle of city life. Services on the property with SMRID water rights. Call to be taken out to what very well could be the best piece land available today.

 For ALL that is Real Estate go to www.MedicineHatHouses.com

Property information


Mechanics Dream Garage

• 1,230 sq. ft., 2 bath, 3 bdrm single story - MLS® $179,900

 -  A great 3 bedroom house on 4 - 25 ft lots. Very spacious layout with living and family room ( with wood fireplace ) on main floor. Kitchen is large with plenty of cabinets and open to dining room. Furnace, hot water tank and shingles are 1-5 yrs old. Garage is a mechanics dream. Large 24 X 26 with lots of shelving and an attached 15 X 12 wood shop/office with windows and door. Garage is heated and insulated, has one 10 ft door and 2nd door is average. This is perfect for those working out at Suffield/Rolston or for someone who just wants some peace and quiet.

 For ALL Real Estate go to www.MedicineHatHouses.com

Property information

Recently Renovated
GREAT REVENUE OPPORTUNITY

• 920 sq. ft., 2 bath, 2 bdrm bungalow "NON-CONFORMING SUITE" - $199,900

 -  A unique find. Extensively renovated bungalow on 50 X 150 ft LOT. 2 bedrooms up and 1 bedroom down, 2 bathrooms. Kitchen has new counter top and back splash, bathrooms are completely updated. 6 car parking in rear. New fence, siding, shingles and the list goes on. EXCELLENT OPPORTUNITY FOR REVENUE OR HELPER SUITE. HUGE 50X150 FT LOT WITH PLENTY OF POTENTIAL FOR HUGE GARAGE OR SOME FUTURE DEVELOPMENT.

Want GREAT DEALS?  Go to www.MedicineHatHouses.com

Property information

Sold

South Vista Heights, Southridge  -  The 2 story at 15 STRATTON LINK SE has been sold.

 Another Quality Built Home by Sunridge Homes.  More at www.SunridgeBuilt.com

And more listings at www.MedicineHatHouses.com

Property information

Sold

NE Crescent Heights, Crescent Heights  -  The single story at 2109 HAWKE CRES NE has been sold.

 

Want a Realtor to get you the BEST DEALS?  Go to www.MedicineHatHouses.com

Property information

Sold

South Vista Heights, Southridge  -  The 2 story at 15 STRATTON LINK SE has been sold.

Another Quality Built Home by Sunridge Homes.  More at www.SunridgeBuilt.com

And more listings at www.MedicineHatHouses.com

Property information


TRIPLE HEATED GARAGE

• 1,623 sq. ft., 3 bath, 3 bdrm 2 story - $354,900 - GREAT BUY!

 -  Quality built by one of Medicine Hat's top builders, Sunridge Homes. Terrific floor plan, great location and triple car garage (insulated/boarded/heated) are just the beginning. Currently under construction, gives you time to choose paint colors, flooring, lighting and cabinets (completion expected in June). Main floor consists of living room with gas fireplace that is wide open to the kitchen that has raised breakfast bar/island, and inset corner pantry. Upstairs has 3 good sized bedrooms with the master bedroom being a large 12'2x14 with beautiful 4 pce ensuite (4 ft sit down shower and separate jetted tub) and walk-in closet. Price includes gst w/rebate to builder and a 5 year New Home Warranty.

 Another Quality Built Home by Sunridge Homes.  More at www.SunridgeBuilt.com

And more listings at www.MedicineHatHouses.com

Property information

Southridge, Medicine Hat  -  This one owner, custom designed home was built with comfort and acoustics in mind. 4 large bedrooms, 3 have bay windows and an illuminated window seat in each one. The entire home was built with 2X6 construction and all concrete floors are poured over 4" slab styrofoam for unparalleled warmth. All bedrooms and most main rooms are wired for cable and telephone. There is an upper covered and weather protected deck for dining and relaxing as well as a sun drenched and wind sheltered lower deck for summertime enjoyment. The lot is among the largest in the city and has an RV pad in the back with a wide 14' gate. The maturely treed yard provides privacy and wind protection. The home boasts 2 furnaces, 2 hot water tanks, hot tub, green house, RV parking, U/G sprinklers, two decks, lots of storage. All on a 1/4 acre(11262 sq ft). This home is very rare and perfect for that family looking for the perfect home with plenty of backyard space.

www.MedicineHatHouses.com 

Property information

Exterior Day
Jaw Dropping Kitchen and Bar

• 1,800 sq. ft., 4 bath, 3 bdrm 2 story "17 ft Ceiling" - $449,900

 -  Get your "WOW", right here, right now! This recently renovated 1800 sq ft 3 bedroom home has upgrades that will amaze everyone in your family. Step into an open layout complete with 17 ft ceilings, gorgeous crown moldings, hardwood floors, modern colours, and plenty of windows to bring in lots of natural daylight. The dream kitchen is built to impress, with top-of-the-line appliances, beautiful breakfast bar island, and under-cabinet LED lighting. Enjoy entertaining? The perfect space awaits your guests in the incredible fully finished basement. Pull up a barstool to the gorgeous wet bar, or sit and enjoy a movie on the 130 inch projection television (included). This basement absolutely MUST be seen to be appreciated! If that's not enough how about the beautifully fenced and landscaped yard, or the attached triple garage for all your toys! Everything you need is right here, call today!

 www.MedicineHatHouses.com

Property information

Inside-Out: Creating a Great Outdoor Room with an Interior Sensibility

It’s that time of year when Canadians retreat to the great outdoors to enjoy everyday activities like cooking, eating, and entertaining. Nowadays many homeowners are demanding more comfort and convenience when connecting with nature, and that’s why “outdoor rooms” are growing in popularity. An outdoor room makes use of an exterior space such as a yard, deck, patio or balcony to extend the living area outside the home. Its purpose is to mix the luxury of indoor living with the fresh air, ambiance, and natural setting of the outdoors.

Whether you’re creating a new outdoor room or simply updating an existing space, you may want to try and mirror your home’s interior design, extending its comfort and aesthetic appeal to the outside. Think of the project as being two sides of the same door. A consistent design theme allows for a harmonious transition between the interior and exterior of your home and can even make your living space appear bigger. Achieve this flow by using similar colour schemes, flooring types, area rugs, and mats.

Heat, cooking facilities, seating, and lighting are just some of the indoor comforts you might consider bringing to your outdoor room. Start with a hearth product such as a fireplace, firepit or chimney as your focal point, and position your seating and cooking areas accordingly. For those who love to cook there are a variety of options available ranging from all season stainless steel BBQs to complete outdoor kitchens with dual burner cook top grills, refrigerator, and expansive counter space for food preparation. Check with your local municipality to determine what products are safe and allowable for your specific set-up.

When it comes to furniture and accessories, think outside the box. Instead of the standard table, umbrella, and patio chairs, consider things like coffee tables, settees, and sofas with stylish, stain and mildew-resistant fabrics. Many manufacturers build furniture and recreational products specifically designed to be used both inside and out, such as outdoor speakers, game tables, and cocktail bars. For added privacy and sound absorption use large potted plants, such as pyramidal cedars, to act as natural walls.

At the end of the day, your outdoor room will be more than a deck or patio; it will be a cozy, comfortable place to retreat, relax, and have fun. You’ll never want to go inside again!

www.MedicineHatHouses for all your Real Estate wants and needs.


Well Renovated

• 1,214 sq. ft., 2 bath, 3 bdrm 4-level split - MLS® $264,000 - Priced to sell

 -  Very clean and well kept home. Spacious layout includes a large living room and a very large family room down. The renovations throughout are very well done and will be a great solid home for a family. Situated on a quiet street with minimal amount of neighbors. This home fenced, landscaped with U/G sprinklers and has a brand new central air unit. FOR MORE INFO OR A PRIVATE VIEWING, CALL TODAY!

 Cary Emerson @ 403-580-6204 or www.MedicineHatHouses.com

 

Property information

Do you want to improve your lifestyle? Do you want to locate a house you can purchase for way less than the going rate? If so, take advantage of the current Real Estate Market.  There is a large amount of houses for sale right now and buying a house in Medicine Hat hasn’t been so easy in many years.  There is a wealth of properties on the market here at lower selling prices than you might imagine.  It is great news for those out there who wish to purchase a home to live in, for investment, or to resell for profit.

You hear all the talk around the “water cooler” about the declining value of real estate and how it is going to continue to decline. This fear and hesitancy, which is costing you a great buy, is the direct result of listening to people who don’t know the real story.  Talk to a Professional-give me a call at 403-580-6204 (Cary Emerson).  Sales are slightly below normal, but because we’ve been in such a seller’s market for so many years that the “norm” hasn’t been normal at all.  Buyers had no choice but to jump at one of the few houses that fit their criteria.  Now, with so much to choose from, a serious buyer can negotiate a better price for a better home, whether it’s a home to live in, invest in or resell for profit.   

Medicine Hat is rapidly growing with all the benefits of a larger city but it has not lost the charm of a small town feel with its family friendly neighborhoods, strong public and private schools as well as the local Medicine Hat College that continues to grow with expansions.

Whether you are looking for your “Dream Home”, just need a bigger house, are downsizing, or buying your first home, Medicine Hat is a great place to live.  So you should look at some Medicine Hat houses, find the home that suits you and get yourself a great buy. 

 Bottom line is: BUY NOW WHEN THERE IS LOTS TO CHOOSE FROM AND FEWER BUYERS ON THE MARKET.  DON’T WAIT UNTIL EVERYONE ELSE IS BUYING, YOU MAY LOSE OUT ON THAT GREAT BUY.   

TO GET A LIST OF GREAT DEALS ON PROPERTIES IN MEDICINE HAT AND AREA:  CALL CARY EMERSON Royal Lepage at 403-580-6204 or contact me through my website, MedicineHatHouses.com

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