SERGEY KOROSTENSKY GROUP Blog

Monday, June 1, 2020   /   by Sergey Korostensky

Updates that Make Your Home a Happier Place

If your home isn’t bringing you joy, you might just need a few little tweaks to change that. These six fixes are easy and affordable and are sure to make you smile when you walk in any room of your home.
Let the Light In
There’s nothing like a sunny day to put everyone in a better mood. The same principle applies to your home. Increasing the amount of natural light indoors can help improve your mood, encourage positive thinking, and boost energy levels. Especially in winter months when the days are shorter, and light is scarce.
While you may not be able to add more windows, you can make the most of the ones you have. Try giving your windows a good clean – you might be surprised at how much brighter it gets! You can also replace blinds and heavy drapes with sheers to instantly increase the amount of light that comes in. Placing mirrors across from windows can help spread light around the room while also giving the appearance of more windows. ...

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Monday, June 1, 2020   /   by Sergey Korostensky

Home Updates that Focus on Health and Wellness

Your home should be a positive factor when it comes to both physical and mental health. By making changes in a few key areas, you can reduce indoor toxins and help improve your wellbeing in the long term.
Pick Natural Materials
To limit the amount of toxins in your home, start by choosing natural materials whenever possible. Wood furniture with organic latex cushions and textiles such as wool, cotton, and linen are all safe choices. While these pieces may cost a little more, they are also higher quality and more durable than their cheaper counterparts.
Your flooring is one of the largest surfaces in your home. As a result, it can have a big impact on indoor air quality. Natural materials such as wood or stone are timeless and have almost no toxins. Rugs can be especially toxic, so try switching to handwoven options in seagrass, jute, or wool to ensure you’re walking on natural materials.
Breathe Easy
Indoor air pollutants can be j ...

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Monday, June 1, 2020   /   by Sergey Korostensky

Media release: COVID-19's impact on Calgary housing market continues

City of Calgary, June 1, 2020 –


Housing market activity in May remained slow, but sales exceeded the lows from April, which saw less than 600 sales in Calgary.


May sales totalled 1,080 units, a 44 per cent decline from last year's figures.


"The initial shock of COVID-19 and social distancing measure is starting to ease. This is bringing some buyers and sellers back to the market. However, this market continues to remain far from normal and prices are trending down," said CREB® chief economist Ann-Marie Lurie.


"Activity has also shifted toward more affordable product, which is likely causing differing trends depending on product type and price range."


Sales are down in all price ranges, but a greater share of sales are priced below $500,000.


In the higher price ranges the drop in inventory has not been enough compared to the drop in sales. Additionally, the months of supply is far higher than the already elevated levels seen during the past five y ...

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Monday, June 1, 2020   /   by Sergey Korostensky

Coronavirus is shaking up Canada's housing market, but don't expect a crash

In all the conversations about Canada’s high home prices over the last few years, no one predicted that a global pandemic would finally bring them down. While prices haven’t collapsed—the average cost of a home in Canada fell by 1.3 per cent year-over-year in April—some cracks are starting to appear. Last month, home sales fell by a record 57 per cent, while month-over-month prices declined by 10 per cent. Last Friday, Evan Siddall, CEO of the Canada Mortgage and Housing Corporation, told the House of Commons’ finance committee that prices could fall by between nine per cent and 18 per cent from their pre-COVID-19 levels over the next 12 months.
Naturally, this has a lot of people worried, from retirees who planned to fund their golden years with the equity in their homes to new homebuyers who may end up with a depreciated asset. A decline in sales and prices will also have a big impact on banks, furniture stores, construction companies and others th ...

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Monday, June 1, 2020   /   by Sergey Korostensky

How Much Longer Will 5 % Down Payment be Available