The Magnussen Real Estate Team" have listed a new property at 214 7239 SIERRA MORENA BV SW in Calgary.
This bright and clean SW facing corner unit boasts a titled parking stall in the heated underground parkade, a partial mountain view and more! Flooded with natural light, this 2 bedroom + 2 bathroom condo features hardwood throughout with an open concept layout, in-suite laundry with full-size laundry pair, a den that can be utilized as an office, dining room or living space, an ensuite bath, in-suite storage room, and an enclosed deck/sunroom. All of this ideally located close to Westhills shopping center with many dining, grocery, and retail options and close to public transportation. This 50+ building offers the benefits and convenience of a recreation room, hot tub, exercise room, car wash, a guest suite, party room, and a workshop.
 
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The following is a summary from our attendance at the Calgary Real Estate Board's Annual Forecast workshop:


2019 IN REVIEW


The biggest economic changes that impacted real estate in 2019 was mortgage rates & mortgage rules as well as job growth (4% job growth over 2018). 

The lower end of the market was experiencing stability, while the higher end of the market was suffering. 

There was a palpable shift towards “more affordable” living in light of job loss, wage decreases, economy struggling, etc. A fundamental change in consumer preferences, resulting in more cautious spending. Consumers are making fewer large purchases and when they do, including investing, they make these decisions with more caution. 

Household incomes are 7% lower on average than they were in 2014. 


There has been a 10% price decrease across the entire Calgary & area real estate market since 2014.



2020 FORECAST


The economy is expected to continue to struggle. 

The real estate market in Calgary and surrounding areas such as Okotoks, Airdrie, Cochrane and more will continue to favor the buyer.

Economists expect re-sale home sales start to improve slightly with modest growth following a weak 2019. 

The general expectation is cautious optimism that the TMX pipeline will get built, eventually... And when it does that this will be a definite source for improvement in the real estate market. 

Employment levels are not expected to change very much.

In terms of population growth, we still have more people moving to Alberta than leaving; but at a lower level than “booming” times. Now it is at more comparable levels to other cities with “normal” population growth.

Rental market vacancy rates are starting to decline.

Bank of Canada interest rates are expected to maintain or cut rates - encourages sales activity. This creates a favorable lending environment for the spring real estate market.

Supply (# of resale homes on the market) reductions are expected throughout 2020. Inventory is still higher than normal but is expected to come down.

New home sales - the bulk of new home starts are in the apartment sector.

There has been a 10% price decrease across the entire Calgary, Okotoks & area real estate market since 2014. All home sectors continue to be over-supplied (detached, attached & condo). The pace of decline should start to ease this year.

Risks - global concerns/US economy creating anxiety amongst companies and investors, energy price volatility, government cuts to education and health care which have been sectors with the healthiest growth in recent years, the mortgage stress tests, the number of new home starts competing with resale homes.

In consumer behaviors and feedback we see that homeownership is still about more than just an investment - it is about housing stability, lifestyle, personal investment, cost certainty and more.


CONTACT US


If you have any questions or would like to discuss this information we would be happy to chat over the phone, or schedule a coffee meeting. 



Want to know what your home is worth today?


For a free, no-obligation CMA Comparative Market Analysis for your property please contact Jay Magnussen or Savannah Magnussen

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The Magnussen Real Estate Team" have listed a new property at 1109 200 COMMUNITY WY in Okotoks.
This charming ground floor condo offers 2 bedrooms + 2 bathrooms in the 55+ Calvanna Complex. Immaculate and beautifully presented, this unit offers hardwood floors, a spacious kitchen with maple stained cabinets, white appliances, and a large pantry. The inviting open concept dining/living room is bright and offers access to the outside patio where you can enjoy your morning coffee. The master bedroom offers a walk-through closet to the ensuite bath. In the underground, heated parkade you will have one assigned parking stall & extra storage space in the locker. This is a great complex with lots of social activities taking place if you wish to join in. Located just a short walk to shops, dining, grocery, the indoor walking track & twin arenas, Okotoks’ seniors' center, and the sheep river pathways. View the 3D Virtual Tour!
 
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The Magnussen Real Estate Team" have listed a new property at 3401 310 12 AV SW in Calgary.
The largest penthouse condo @ Park Point, located on Central Memorial Park downtown, boasts an open concept layout coupled with premium finishes for luxury living. Enjoy the streamlined modern living space where quality is paramount. Here you will find distinctive details such as herringbone maple hardwood floors, marble countertops w/ full slab marble backsplash in the kitchen, heated floors, marble-topped vanities & glass showers in the bathrooms, European kitchen cabinetry, top of the line appliances & hardware, motorized window coverings, steam shower, custom closet organizer, a wrap-around balcony w/ mountain & downtown views, private double garage (and so much more) to make your living, dining and workspaces one harmonious experience. This beautiful & elegant condo must be seen to be appreciated. Enjoy 24-hour concierge service, a beautiful Zen Terrace, indoor/outdoor hospitality room w/ fire pit, storage, a fully-equipped fitness center & more.
 
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Our REMAX Realtors with "The Jay Magnussen Real Estate Team" have SOLD a property at 46 CIMARRON HL in Okotoks.
Beautiful, quiet, established neighborhood ! This spotless, 4 level split is located in one of Okotoks most peaceful streets, close to the escarpment pathways, river valley, schools and shopping. The main floor features a large living room / dining area along with a recently renovated kitchen (with quartz countertops, new appliances and tile backsplash) and dining nook under vaulted ceilings. 3 steps down to the lower level you'll find the family room (with gas fireplace), the third bedroom and a 2 pc. bath. Upstairs there are 2 bedrooms, including the master with a 3 pc. ensuite and an open loft looking over the living room and a family 4 pc. bath. The basement is fully developed with a large media area and huge recreation room along with the mechanical / storage area. There is a large double attached front garage, rear deck, shed and RV parking spot.
 
CONTACT US today for details on how we are SELLING homes fast & for the most money! 
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Our REMAX Realtors with "The Jay Magnussen Real Estate Team" have SOLD a property at 303 KILLARNEY GLEN CO SW in Calgary.
Welcome to your next home! This beautiful townhouse is ideally located in the desirable community of Killarney - close to Mount Royal University, close to trendy Marda Loop, and an easy commute downtown. This unit has been renovated including a wall removed to create an open concept layout, maple engineered hardwood floors, kitchen reno includes: new cabinets, new countertops, new stainless steel appliances, a lovely breakfast nook with bench (storage below), LED lighting & much more. Upstairs you will find 2 big bedrooms including the large master bedrooms along with a renovated 4 piece bath featuring a clawfoot tub. The fully finished basement offers a spacious & inviting family room with a fireplace, storage, and laundry room. There is a back deck for relaxing and grilling. There is ample street parking along with the assigned and 'rented' parking that accompanies this unit.
 
CONTACT US today for details on how we are SELLING homes fast & for the most money! 
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Our REMAX Realtors with "The Jay Magnussen Real Estate Team" have SOLD a property at 955 PRESTWICK CI SE in Calgary.
This charming 2 story house is located on a quiet street in desirable McKenzie Towne features low maintenance vinyl plank flooring, 3 bedrooms and much more! The spacious and inviting living room features a gas fireplace and tons of natural light. The bright kitchen offers maple cabinets, stainless steel appliances, a corner pantry and open ups to the large dining area. The back entry has storage and offers access to the rear deck and garage. The main floor is completed by a half bath. Upstairs you will find a 4 piece family bath along with 3 big bedrooms including the extra-large master suite with a 4 piece ensuite and dual closets. The partially finished basement is framed with electrical completed. The large west facing backyard features a huge deck, great for entertaining and an oversized double detached garage with workshop.
 
CONTACT US today for details on how we are SELLING homes fast & for the most money! 
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Our REMAX Realtors with "The Jay Magnussen Real Estate Team" have SOLD a property at 437 1 Crystal Green LN in Okotoks.
This top floor, corner unit in Pencross is one of the most desirable in the complex, offering both town & mountain views with 1200+ sq ft of living space. Boasting 9 ft ceilings with a cathedral ceiling in the living room your new home feels a lot bigger. The south & west facing unit is flooded with natural light & has been beautifully upgraded offering granite counters, stainless steel appliances including an induction stove & Miele dishwasher, tile & laminate flooring, closet organizers & much more. The master bedroom offers an ensuite bath & walk-in closet while the second bedroom offers the convenience of a built-in murphy bed making it easy to convert the room for guests. Pets are allowed in the complex with board approval. Enjoy 2 titled underground parking stalls! – especially during our cold winter! Penncross is set up for recreation & entertaining with a gym, indoor putting green, social room, quiet reading area, plus outside BBQ area - located close to golf course & Crystal Shores Lake.
 
CONTACT US today for details on how we are SELLING homes fast & for the most money! 
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Our REMAX Realtors with "The Jay Magnussen Real Estate Team" have SOLD a property at 2320 18 ST in Nanton.
CHARMING, SPOTLESS, 1942 CHARM IN THIS 1.5 STOREY IN THE BEAUTIFUL TOWN OF NANTON, ALBERTA !! Come and enjoy all the peace and serenity that Nanton has to offer...Located on a corner lot in a quiet neighborhood, this beautifully renovated 1.5 storey home is sure to please. Upstairs you'll find the tastefully updated master suite with large loft/sitting area, wainscoting and built in headboard/custom wall. The main floor features an inviting living room (with access to the front porch), a country kitchen & eating area (with stainless steel appliances) 2 large bedrooms along with a newer family 4 pc. bath. The basement is fully finished with recreation room and laundry. This home has new windows throughout. Outside you'll find a large custom deck, 2 sheds and cozy firepit area along with huge 2 car parking pad, RV parking, a large garden area and apple, plum & lilac trees. Don't delay, book your personal showing today !
 
CONTACT US today for details on how we are SELLING homes fast & for the most money! 
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Our REMAX Realtors with "The Jay Magnussen Real Estate Team" have SOLD a property at 2251 HIGH COUNTRY RI NW in High River.
Welcome to your next home! This incredible 2500 sq ft pre-built home has been carefully planned & checks all of the boxes with more upgrades than we can list. This home is ideally located on a large lot, on a family friendly street with back lane access allowing the opportunity for a 2nd garage or RV parking. The open concept main floor flows over durable & trendy woodgrain tile & under 9’ ceilings. The beautiful gourmet kitchen boasts high-end full height 2-tone cabinets, glass tile backsplash, quartz counters, upgraded stainless steel built-in appliances, huge pantry & more. Enjoy the convenience of a private office, large mudroom w/ built-in lockers & walk-in closet, a family workspace w/ tech desk & more. Upstairs you will find the bright & spacious bonus room w/ vaulted ceiling plus 3 big bedrooms ALL with walk-in closets, laundry room w/ sink, folding counter & storage. The master suite features vaulted ceiling & a luxurious ensuite with dual sinks, glass & tile shower, free standing jetted tub.
 
CONTACT US today for details on how we are SELLING homes fast & for the most money! 
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Our REMAX Realtors with "The Jay Magnussen Real Estate Team" have SOLD a property at 161 CIMARRON GROVE CR in Okotoks.
This inviting 2 story home has all you have been looking for: it is well cared for & well maintained with a number of improvements including brand new shingles. The foyer opens into the inviting living room that offers the warmth of a gas fireplace. The spacious dining nook can accommodate a large table while the large kitchen offers a central island with new pendant lights above, new pot lights, stainless steel fridge & dishwasher, spacious pantry & more. The main floor is completed by a half bath. Upstairs you will find a 4 pc bath & 3 spacious bedrooms including the master suite which offers the convenience of a walk-in closet. The partly-finished basement is framed with a family room, bedroom & bathroom. Outside you will find a rear deck, fenced yard & a 2 car parking pad. Close to dining, shopping, parks, and playgrounds in beautiful Cimarron!
 
CONTACT US today for details on how we are SELLING homes fast & for the most money! 
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We are so excited for one of our favorite annual Okotoks events - LIGHT UP OKOTOKS. Thousands of people will flood the streets of Olde Towne Okotoks and downtown Okotoks to take in vendors, holiday activities, visit shops and see the lighting of the town Christmas Tree. The true spirit of our lovely town really shines at this event. We can expect seasonally warm weather which makes the event exceptionally enjoyable.  


Light Up Okotoks: Friday, November 15 from 5:30 - 9:00 pm


Magnussen Real Estate Team - Jay Magnussen and Savannah Magnussen - are sponsoring a firepit that will be located on the corner of Veteran's Way by The Duke. We will have a hockey net set up where visitors to Light Up Okotoks can "Shoot To Win" an awesome hockey-themed prize pack. Come pay us a visit! 


DOWNLOAD Light Up Okotoks Map


Light Up Okotoks 2019

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The Magnussen Real Estate Team" have listed a new property at 34 CIMARRON SPRINGS WY in Okotoks.
Looking for a contemporary home with small town Okotoks charm? This is it! Sitting on a quiet family-friendly street & backing onto greenspace, this custom-built home must be seen to be appreciated. Offering a rich exterior coupled with a modern, elegant interior; this 2864 sq ft 2 story walkout has all you need including a gourmet kitchen crafted with attention to every detail, top of the line SS appliances, stone countertops throughout, wide plank hardwood floors, private office, a sleek modern fireplace, beautiful light fixtures, a stunning staircase, huge bonus room & much more. Each of the 5 bedrooms is generously sized with a fantastic master suite boasting a luxurious ensuite with a stone bathtub, oversized marble tile shower, custom closet organizer & more. The walkout basement has been completed with a heated concrete-epoxy floor and offers a rec room, 2 bedrooms & a full bath. The oversized double bay garage has in-floor heating. Enjoy the large rear deck overlooking a green space.
 
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The Magnussen Real Estate Team" have listed a new property at 46 CIMARRON HL in Okotoks.
Beautiful, quiet, established neighborhood ! This spotless, 4 level split is located in one of Okotoks most peaceful streets, close to the escarpment pathways, river valley, schools and shopping. The main floor features a large living room / dining area along with a recently renovated kitchen (with quartz countertops, new appliances and tile backsplash) and dining nook under vaulted ceilings. 3 steps down to the lower level you'll find the family room (with gas fireplace), the third bedroom and a 2 pc. bath. Upstairs there are 2 bedrooms, including the master with a 3 pc. ensuite and an open loft looking over the living room and a family 4 pc. bath. The basement is fully developed with a large media area and huge recreation room along with the mechanical / storage area. There is a large double attached front garage, rear deck, shed and RV parking spot.
 
Contact us for more information. 
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The Magnussen Real Estate Team" have listed a new property at 303 KILLARNEY GLEN CO SW in Calgary.
Welcome to your next home! This beautiful townhouse is ideally located in the desirable community of Killarney - close to Mount Royal University, close to trendy Marda Loop, and an easy commute downtown. This unit has been renovated including a wall removed to create an open concept layout, maple engineered hardwood floors, kitchen reno includes: new cabinets, new countertops, new stainless steel appliances, a lovely breakfast nook with bench (storage below), LED lighting & much more. Upstairs you will find 2 big bedrooms including the large master bedrooms along with a renovated 4 piece bath featuring a clawfoot tub. The fully finished basement offers a spacious & inviting family room with a fireplace, storage, and laundry room. There is a back deck for relaxing and grilling. There is ample street parking along with the assigned and 'rented' parking that accompanies this unit.
 
Contact us for more information. 
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Please visit our Open House at 19 MILLER BA in Okotoks.
Open House on Saturday, July 27, 2019 1:30PM - 4:00PM
Welcome home! The sprawling main floor flows over wide plank engineered hardwood floors, under 9’ ceilings & is ideal for family life/entertaining. The open concept main living space allows the living room, kitchen & dining nook to flow together. The gourmet kitchen offers granite counters, stainless steel appliances including a 5 burner gas stove & more. The inviting living room & formal dining room are separated by a 3-way fireplace. The main floor is completed by a mud room, walk-in pantry, half bath & a private office. Upstairs is a large family room plus 4 big bedrooms, 5 pc family bath & laundry room. The master suite boasts a 5 pc ensuite with a tile shower, soaker tub, dual sinks & more. The fully finished basement features large windows, in-floor heating & offers a family room, theater, wet bar, home gym, bedroom, bath. Outside is a large rear deck, beautifully landscaped yard with over 100 trees/shrubs & a triple attached garage which is insulated & heated. Built-in speakers inside & outside.
 
Contact our Okotoks & Calgary Real Estate Team to find out how we are selling homes FAST & for top dollar! 
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Please visit our Open House at 2320 18 ST in Nanton.
Open House on Sunday, July 28, 2019 1:30PM - 4:00PM
CHARMING, SPOTLESS, 1942 CHARM IN THIS 1.5 STOREY IN THE BEAUTIFUL TOWN OF NANTON, ALBERTA !! Come and enjoy all the peace and serenity that Nanton has to offer...Located on a corner lot in a quiet neighborhood, this beautifully renovated 1.5 storey home is sure to please. Upstairs you'll find the tastefully updated master suite with large loft/sitting area, wainscoting and built in headboard/custom wall. The main floor features an inviting living room (with access to the front porch), a country kitchen & eating area (with stainless steel appliances) 2 large bedrooms along with a newer family 4 pc. bath. The basement is fully finished with recreation room and laundry. This home has new windows throughout. Outside you'll find a large custom deck, 2 sheds and cozy firepit area along with huge 2 car parking pad, RV parking, a large garden area and apple, plum & lilac trees. Don't delay, book your personal showing today !
 
Contact our Okotoks & Calgary Real Estate Team to find out how we are selling homes FAST & for top dollar! 
Read full post

The Magnussen Real Estate Team" have listed a new property at 955 PRESTWICK CI SE in Calgary.
This charming 2 story house is located on a quiet street in desirable McKenzie Towne features low maintenance vinyl plank flooring, 3 bedrooms and much more! The spacious and inviting living room features a gas fireplace and tons of natural light. The bright kitchen offers maple cabinets, stainless steel appliances, a corner pantry and open ups to the large dining area. The back entry has storage and offers access to the rear deck and garage. The main floor is completed by a half bath. Upstairs you will find a 4 piece family bath along with 3 big bedrooms including the extra-large master suite with a 4 piece ensuite and dual closets. The partially finished basement is framed with electrical completed. The large west facing backyard features a huge deck, great for entertaining and an oversized double detached garage with workshop.
 
Contact us for more information. 
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The Magnussen Real Estate Team" have listed a new property at 60 CRYSTAL SHORES HL in Okotoks.
This beautiful 2 story home is ideally located on a quiet street in Crystal Shores with lake access! The main floor offers an inviting living room, an eat-in kitchen with maple cabinets, stainless steel appliances, an island with raised eating bar, corner pantry, and access to the rear deck off of the dining area. The main floor is completed by a laundry room/half bath combo. Upstairs you will find laminate flooring, a 4 piece family bath along with 3 big bedrooms including the large master with 4 piece ensuite. The basement was professionally developed with a family room and a large bedroom with its own ensuite. The home also features central air conditioning for your comfort. This great family home is complete with an insulated 24' x 24' garage - room for 2 vehicles and still some room for storage. Enjoy the many parks, pathways & activities in and around this community!
 
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The Magnussen Real Estate Team" have listed a new property at 126 CIMARRON DR in Okotoks.
This fully finished bungalow backing, onto the Sheep River pathway system & escarpment in Cimarron offers 1600 sf above grade + 1600 sf in the finished basement! The main floor features a formal dining room with an open concept layout in the main living space, under vaulted ceiling & over hardwood floors. The beautiful kitchen boasts granite countertops with a raised breakfast bar, tile backsplash, stainless steel appliances, a large corner pantry & a sunny dining nook. The spacious living room features custom built-in cabinets around the gas fireplace surrounded by stone. 2 bedrooms on the main floor include the large master with ensuite w/ large soaker tub, tile shower & walk-in closet. The main floor is completed by a half bath, laundry/mud room with cabinets & sink. The basement is fully finished with 9’ ceilings, a large family room, two more big bedrooms, a 4-piece bath & storage. Relax outside in the low-maintenance yard. The oversized double garage is fully finished.
 
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