REALTOR® guided transactions offering more than just peace of mind

By Nolan Matthias

While no bank has come out and said it, their actions speak louder than words. Banks prefer to lend on properties where the transaction is handled by a REALTOR®.

As mortgage professionals, we have noticed increased scrutiny on private sales is becoming the norm – and for good reason.

An additional $300 million in development and as many 500 new condos are slated for East Village after a partnership announcement between RioCan Investment Trust and Embassy BOSA including a Loblaws grocery store.

"Calgary is on the tipping point right now, with condo living becoming a more sought after alternative to suburban life," said Ryan Bosa, president of Embassy BOSA. "The future of Calgary is up not out, and developments like the East Village showcase how Calgary is creating vibrant, sustainable communities."

*CREB®Now real estate news luxury feature*

Today's luxury homes boast more than just curb appeal

With the ability to purchase a home priced at more than a million dollars, most luxury homebuyers also have the ability to add even more amenities to their new homes.

With the kitchen, living room and backyard serving as the main entertainment areas in the home, CREB®Now asked some local businesses what they're seeing in the city's luxury renovations industry.

*CREB®Now real estate news luxury feature*

Calgary has always had a flair for luxury living

Luxury comes in many shapes and sizes. Earlier this year, a penthouse unit in the Princeton Hall highrise at Eau Claire sold on MLS® for a record $4.4 million. A Priddis-area home, meanwhile set a provincial record in June when it went on the market for a cool $38 million.

Yet set amid today's multimillion-mansions and copious condos comes a reminder of just how far Calgary luxury housing market has come.

*CREB®Now real estate news luxury feature*

Hot and haute rides complete today's million-dollar mansions

The extravagance of Calgary's luxury listings, inevitably, comes down to the details – the crystals in the chandelier, the velvet in the carpet and the pixels on the big screen. After all, achieving affluence in the home means striving for perfection.

Yet ironically, this feat is most commonly being discovered in the garage, where petroleum princes are going hand in hand with today's palatial palaces.