City Lifestyle Group Update: Vancouver/Kelowna/Calgary

The market has become more balanced in all three markets, (Vancouver, Calgary, and Kelowna). City Lifestyle Group homes continue to do well!

Vancouver, BC

Bakerview Estates

We have started construction of our first contemporary duplex in Coquitlam BC at 954 Quadling. It will be beautiful, and we are excited to get started on this project. We are expecting this to be complete in the spring of 2019.

Kelowna, BC

Our first phase of 4-plex Townhomes is almost complete. Our Grand opening of the show suite is this weekend! Response has been positive and we expect great results. The second phase of 4 more homes is expected to be completed this fall.

These 4-plexes are also excellent rental units and are a very good investment longer term. There are no strata fees or strata council.

Calgary, AB

We continue to be successful with our Calgary brand townhomes in the inner city. People love our townhomes. Price point is critical and quality of finish with creative touches attract Calgary purchasers continuously.

Conclusion

CLG continues to move forward with duplexes and four-plex townhomes. We feel strongly that this is the home of the future. Demand is increasing and supply continues to decrease.

City Lifestyle Group is constantly looking for ways to improve their homes, while keeping the price down, still ensuring that a quality home is being built for its customers

 

June 26th, 2018

~ CLG Owner William J. Eden

Kelowna

Kelowna housing has increased in value substantially as of late.  Now that winter is over there is limited supply and large demand growth for inner city properties.  People are moving from Edmonton, Calgary and Vancouver to take advantage of well-located well priced properties.  The market is very strong in townhouse and condo product, with inner city locations priced under $750,000.  A new program for 1st time buyers is in place for BC residents.

Calgary

Well located land for development properties are selling quickly with some multiple offers.  Inner city land is in great demand.  It has increased substantially.  Finished houses have started to follow with modest increases.  The market has stabilized and is selling well.

Vancouver

The Vancouver market continues to be steady.  We have had higher demand in the condo and townhouse market.  Supply is limited and prices have increased overall.  Single family homes are moving less quickly but other products are selling quickly with multiple offers.  Prices are increasing faster in Condos and townhomes but longer term, single family home will increase in value with steady demand and less supply.

Vancouver and Calgary

Vancouver

 

At present, the Vancouver real estate market is adjusting to the 15% foreign tax on purchasers.  However, the market has taken it well.  Although sales values are down slightly, and prices down perhaps 3% – 5% on average, product is still selling if priced correctly on quality homes and locations.

 

CLG firmly believes with builders building less, in prime locations, supply will decrease and demand will increase this spring.  The market will make up any decreases very quickly with steady sales & price gains.  The lower Canadian dollar will also attract international purchasers.

 

Locals and “Permanent Residents” are well aware of the present opportunities and they are taking advantage of this occurrence.  The rental market is amazingly strong in all regions of Vancouver and area.

 

Other B.C. regions that are not affected by the 15% foreign tax, are continuing to increase in demand and price. (ie: Squamish, Victoria and Kelowna)  These are areas CLG is looking to expand it’s brand name.  Kelowna in particular.

 

Calgary

With the recent announcements of (2) new pipelines for Alberta, OPECS et al, reduction in the supply of oil and the Keystone pipeline about to be approved;  Calgary is basking in some well-deserved optimism (oil price $54. USD today).  Great News!!  The inner city and CLG product, although decreasing in value last year, is now increasing.  Lack of supply in the “infill townhouse” market is now a reality.  CLG prices for finished product have increased, with many of our homes now preselling, before completion.

 

The spring of 2017, in Calgary looks very positive, especially in prime inner city locations, which is CLG’s specialty.  Rentals have also been in demand and very steady.  Building costs are down due to higher unemployment. Therefore we expect good margins for the spring/summer and fall of 2017.

 

 

City Lifestyle Group Ltd.

William Eden

Dec. 30, 2016

 

Calgary Area

The Calgary real estate market took a positive turn in the first part of 2016.  For one the weather was much better.  Showings increased dramatically.  Sales prices were decreased, interest rates remained the same, oil increased dramatically and government programs both provincial and federal were committed, and put in place.  Today oil is over $40/USD/barrel.

 

Finally the “stars” are aligned and sales in Feb., 2016 were hugely increased, versus Feb. 2015.

 

City Lifestyle Group sold 3 of 6 units available.  One has a presale, which is an excellent evaluation of City Lifestyles high quality and pricing in this more difficult Calgary inner city market.  We have (2) units for sale that will be ready April 30, 2016 at 2048 46th Ave SW and expect them to sell quickly as well.  It appears purchasers feel it is the right time to buy.   Which it is, in our opinion as well.

 

Rentals are still strong, prices have been slightly discounted, however high quality well located homes, rent quickly.

 

Vancouver Area

 

The Vancouver area continues to be extremely busy with multiple offers abound and quick no subject sales.

 

Our Blue Mountain Estates townhouses in Coquitlam are “sold out” at top full prices and we just started construction.  Great news and very exciting!

 

City Lifestyle Group Ltd has a registration list of 50 purchasers for townhomes between $750,000 to $800,000 end sales price.  We are looking to purchase more land in the same vicinity as 911 Dansey Ave., Coquitlam, B.C. to continue or expansion of this very desirable market sector.

 

Most townhome projects are sold well before completion and are the new family home and downsizing homes for Vancouverites.  Much more supply is required to meet the demand.

 

Our newest westside project at Laurel and W 24th Ave in the Cambie/Shaughnessy area has increased 15 – 20% since signing our purchase contract.  Land and finished product continue to sell steadily at new excellent price levels.  Supply is still low and demand continues to grow.

 

 

 

Calgary and Vancouver

Calgary Update

After a slow period in Calgary, the real estate market is starting to pick up City Lifestyle Group homes are selling again. Last week CLG sold 3 of 6 homes available. The Alberta government oil royalties have not changed, low interest rates still exist, and there is an excellent choice of supply in great locations. Purchasers are choosing to get into the market once again. Oil prices are definitely stabilizing around the $30 USD level. Also there has been agreement in principle on an oil supply freeze from major producers. (Opec, Russian, Iran, etc.)

Also, the Federal Government is investing close to one billion dollars into the Alberta infrastructure to ensure the economy improves. There is still large net migration to Calgary and the economy is improving. This all bodes well for the improving Calgary real estate industry, and CLG. It’s an ideal time to purchase in the inner City of Calgary. Many savvy investors are purchasing now, to take advantage of these positive buying conditions.

Vancouver Update

Vancouver’s market continues to be excellent, lack of supply and increasing demand, coupled with the decreased value of the Canadian dollar has allowed off shore investors to continue purchasing. Values continue to increase.

The Vancouver market is very strong, to sell and purchase with continuing increases expected into 2016/2017.

Hello,

All purchasers and investors. It is now absolutely ideal to purchase in the inner city of Calgary, Alberta!!

Record low interest rates exist. Sellers are motivated to sell and rental rates are holding very well.

4408 35th Ave SW, Calgary, AB now for sale. City Lifestyle Group has reduced its price to $699,900. Best price in the area for this quality home. Occupancy permit now in place

For investors this would rent for $3,000/month unfurnished for one year term.

It’s a beautiful new contemporary home. View the detailed information and pictures under the tab “Featured Projects”, tab “New Projects” on this website.

For more information please phone Bill Eden direct at 604-657-1270 or Pedro Villamar, Remax, 403-616-7457. (text or phone)

City Lifestyle Group has creative financing availability as well.

Call today to set up a private viewing.

We don’t expect it to last long at this price.

Only one available!!

Thank you,

William Eden
Owner – City Lifestyle Group
Mobile 604-657-1270
weden@telus.net

Good Afternoon,
Now that the federal election is over and the provincial budget is in place, purchasers in Calgary are looking seriously at CLG homes. Our show suite at 4408 35th ave SW, Calgary has now been open for 2 weeks. We have had many viewings lately, as purchasers have found it is an ideal time to buy. Asking prices are lower and interest rates are at all time low rates- this of course will not last.
At the same time CLG is offering high quality contemporary homes with the prospect of finished basements being charged at cost only.
All comments have been and are extremely complimentary and are tracked on a view by view basis.
Please drop by on weekends 2 to 4 pm or phone for a private viewing by contacting Thomas at 403-510-0600
We at CLG are very proud of our latest finished homes. We have only 2 available at this moment, all others are sold. With more planned for Spring and Fall of next year, 2016- we hope to hear from you soon, all questions are welcome.
Regards,
Bill Eden
– The Owner: 604-657-1270

Calgary Is A Great Location

Calgary is a great location to purchase property right now.  The owner/rental market offers excellent opportunity to upgrade. First mortgage rates are at an all-time lows, with supply of homes being somewhat higher many developers are motivated to sell.  Prices are slightly down.  So opportunity knocks!

The market has slowed from its feverish pace, and many excellent inner city locations are available for sale.  Also there are more homes to choose from to find your perfect property.  However, don’t wait too long.  These inner city markets change quickly.  Supply is already decreasing.

City Lifestyle Group is developing high quality, well located inner city townhomes.  We have (6) for sale with great value for owner occupied or rental investment.  Either way you will be very satisfied in your investment, for now and the future.

The oil industry in Calgary is here to stay.  In fact today April 23, it is $58/barrel USD or $72.80/barrel Canadian.  Compared to $44/barrel USD when the Canadian dollar was par to the US, it has rebounded dramatically.  After the initial oil shock and economic adjustments oil has stabilized.  Therefore, it is a perfect time to take advantage of some excellent real estate opportunities in locations that many people could not have afforded not long ago.

Contact me to discuss further.  We at City Lifestyle Group Ltd. want to presale our property now, and are open to all proposals.

Please review our webpage at www.citylifestylegroup.com to view what we have now and what we have done recently.  Take advantage of our present homes for sale and pre sale opportunities.

Great investments for now and the future.