The shifting popularity of new-build home upgrades
Home command centres, extra-large closets, gyms, secondary suites, energy efficiencies and more – the new-build bells and whistles homebuyers are choosing today are all about convenience.
No matter the size of the home, buyers want products that support a busy lifestyle, says Michelle Jakeman, director of sales and marketing for Calbridge Homes.
Abundance of options underlines the importance of setting priorities
A million dollars used to buy a lot of home for your money.
But what will $750,000 – $1 million get a homebuyer in Calgary today?
Stephanie Campbell, a REALTOR® with Kirby Cox & Associates, says the answer depends entirely on the home’s location and your lifestyle priorities.
Diversity and volume of home options offer something for homebuyers of every stage
There is no such thing as a “typical” home in the $500,000 to $750,000 price range in Calgary’s market today.
“It is more than a starter home, but no mansion,” said Ray Riley, a REALTOR® with RE/MAX First. “It could even be a teardown in a desirable (inner-city) neighbourhood, or a luxury apartment downtown. It just depends on what the buyer is looking for, and where.”
Bucci Developments continues commitment to the community with Radius
Radius has risen in Bridgeland, with less than a year remaining before homeowner occupancy.
And demonstrating its continued faith in the inner-city neighbourhood, builder Bucci Developments is already at work on another proposed mixed-use project.
The roof has been placed on the seven-storey, 201-unit Radius, and cabinets and floorings are now going in, says company vice-president Mike Bucci.
“We took a risk pulling the trigger on construction” during the downturn, he says, but it will be worth it at the end of the day.
Home trends from Calgary’s new-build market
Cultural and economic shifts are pushing this year’s housing trend line into both large and small homes in Calgary’s new-build market.
Large-volume builders Homes by Avi and Mattamy Homes are seeing demand for four-bedroom homes in their northern neighbourhoods, as many customers – particularly from Asian or Indo-Canadian backgrounds – seek multi-generational homes.
And where price is key, the shift continues towards attached units like duplexes and townhomes that come without condo fees, as well as smaller, single-family homes without past years’ glitzy upgrades.