If you are considering a home in Walden, now is the perfect time to buy a new Cardel! With interest rates near record lows, attractive new home designs not found on the resale market and great traditional park lots still available, it’s an attractive time to build. Direct access to Fish Creek Park, extensive paths and walkable amenities, make Walden a great place to live.
In the 2021 CREB® Forecast Summary, their Chief Economist Ann-Marie Lurie says, “Reduction in supply relative to sales is the primary reason the Calgary housing market returned to more balanced conditions by the end of 2020. The pullback in new listings relative to sales activity resulted in inventory levels falling to the lowest levels seen in the past several years. It is expected some of the momentum recorded at the end of 2020 will continue into 2021, fueled by exceptionally low lending rates and pent-up demand. People are recognizing the value in home purchases because they are seeing the added need for space in their personal life situation. More room for kids and offices, living closer to parks and all-around more space.”
We continue to see families moving from out of province also, taking advantage of today’s Calgary market. “The affordability equation is much more favourable in Alberta than it is in other parts of Canada right now,” says Will Dunning, chief economist with Mortgage Professionals Canada, representing the nation’s mortgage brokers, lenders and insurers.
We continue to see demand for bungalows and our greenspace amenity lots, with only nine lots remaining. Our stylishly affordable laned homes start from the $380s, and only nine opportunities are currently available.
Given the huge increase in bungalow demand, Cardel recently opened a new Hudson bungalow model home at 119 Walgrove Green. Since then, feedback has been very positive from customers looking for a bungalow with a main floor office, double front garage, fully developed basement, located on an attractive park amenity lot, with a price starting in the $520s.
With market conditions improving and land supply dropping, sales of this model are increasing. Only five park lots remain for a Hudson presale at this price. From the research I have done, I believe that the Hudson model offers the best value for a single-family bungalow in the $520s in south Calgary.
2020 finished off strong, and our new 2,662 sq. ft. multi-generational Modena model has become popular with customers. This home features the most in-demand multi-generational design benefits that we have seen and expect to see in the future. We’ve incorporated these all into one outstanding floorplan and packaged it at an attractive price. The Modena includes the following standard features:
* Conditional to appropriate zoning.
The Modena is available on a park backing greenspace amenity lot in Walden for $599,900, including GST. My research shows that this type of home is not available in the Walden resale market. Cardel has the required 34’-wide lots to accommodate this unique home in phases 28 and 29.
Quick-possession homes continue to be in demand in today’s market. In Walden, we currently have three quick-possession homes for our top selling Evo 1 model. Customers are loving the floorplan, available options and, of course, the price of this model. Since we have seen an increase in sales of our single-family Evo 1 and 2 models throughout 2020, we have made three Evo 1 opportunities available as quick possessions in some of our established phases.
Two of the Evo 1 homes are in phase 23, an established street, and both feature walk-out basements with nine-foot ceilings, large pie shape backyards and oversized decks. You can view the full details, including plot plans, online. Both are listed at $549,900 and includes several upgraded features.
The third Evo 1 home is in phase 28, on another established street backing a treed greenspace. It has a large pie shape backyard with a sunshine basement and spacious deck. This home is also listed at $549,900 and includes several upgraded features.
All three homes include:
These quick possessions will be available in February 2021 and can be viewed online: View quick possessions
I wanted to share an opportunity available in Walden for those needing a four-bedroom home, with a main floor office space, over 2200 sq ft, and under $500k. Cardel’s Rohan model, currently built as a showhome in our community of Savanna, has been receiving lots of inquiries. We know that the Covid situation has increased the demand for homes with slightly more space and a main floor office.
The Rohan meets these needs and provides the added benefit of having four bedrooms. There are five lots remaining in Walden that allow for the Rohan to be built at $499,900, including GST. At an appealing $226/ sq ft, the four-bedroom Rohan delivers a lot of value.View the Rohan
We all know that demand trends are changing rapidly within the Calgary real estate market. Buyers want to invest in new homes that offer innovation and something unique to help protect their investment in the long term, which is apparent from the rising bungalow demand. Another housing form that offers something distinct and truly valuable is Cardel’s triple tandem garage model, the Tandem Bay.
I expect that the demand for an oversized garage will increase in the future given the benefits it offers and the fact that it’s something you can never add through renovation. Given today’s buyer’s market conditions and the incredible interest rates, if you were ever thinking of investing in a triple garage home, now might be the right time. Of course, the cost of a triple car garage model is higher, but Cardel’s 2,143 sq ft Tandem Bay is available on a park lot in Walden for $549,900, including house, lot, and GST.
I would encourage you to do some research on MLS to see if you find this type of home available for sale. I would anticipate that you wouldn’t find many because I’m confident those who purchased this type of home love it.View the Tandem Bay
If you are looking to purchase a brand-new bungalow with a fully developed basement, double attached garage, deck, and 34’ wide park amenity lot, we have the perfect option. Cardel has just released a year-end promotion for the Hudson bungalow, making three opportunities available in Walden for $499,900, including lot and GST.
Brand new bungalow opportunities are limited within the city of Calgary, and demographic trends will continue to increase the demand for this type of home in the future. I encourage you to visit our Hudson bungalow model home located at 119 Walgrove Green SE to see what many realtor agents are saying is a very attractive purchasing opportunity.
Walden remains an ideal location for buyers looking to right-size within a community that is close to completion over the next few years. The community is also set to benefit from the neighbouring retail development, Township.View the Hudson model home