SERGEY KOROSTENSKY GROUP Blog

Saturday, August 29, 2020   /   by Sergey Korostensky

Study finds urban living falling out of favour

A month ago in this space, I had some questions about how the virus will affect home-buying habits.
Some questions were …
Will buying a condo/apartment in a 30- or 35-storey high-rise, with 300 apartments and two elevators fall out of favour, even with those seeking a hip, trendy, urban lifestyle?
Will people already living in towers such as this put their apartments up for sale to get away from high densities and packed elevators?
With many people working from home and, with signs many will not return to a normal work environment, will those who bought homes close to their places of work to reduce commuting times sell those homes, opting for living in the suburbs or smaller, less-dense towns orbiting Calgary? Will first-time buyers also choose a small-town or suburban lifestyle as they contemplate starting and raising a family?

Smaller centres such as Crossfield or Carstairs or Strathmore or High River are where home prices are lower, life is slower and schools are less ...

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Saturday, August 29, 2020   /   by Sergey Korostensky

How home prices in Lethbridge compare to other Canadian cities & provinces

LETHBRIDGE, AB – Did you know that the average real estate listing in Greater Vancouver was more than three times what you would pay in Lethbridge?
The Canadian Real Estate Association (CREA) has updated its stats for July 2020, which includes the ability to compare home prices across the country.
LNN looked at 20 Canadian communities to see how they compared, as well as how each province stacked up against each other.
Perhaps to the surprise of few, homes cost more in Greater Vancouver than anywhere else in the country, going on average for $1,031,400. This marks an increase of 4.5 per cent from the same time last year.
On the opposite end of the spectrum is Trois-Rivières, Quebec, where you can buy a house for just $192,069.





Of the 20 cities we compared, Lethbridge ranked at number 12 with average residential properties going for $272,200. This is a decrease of 0.4 per cent from July 2019.
The only three places in Alberta that were available on the C ...

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Sunday, August 23, 2020   /   by Sergey Korostensky

How to Decorate With Style While on a Budget

Decorating with a big budget may be the dream, but you can still have a beautiful home without spending a lot. You just need a bit of creativity and a little insider know-how to make your home look like a million bucks, even though you only spent a few! Here are seven great decorating tips that will help you have a stylish home on a tight budget.
Paint is Your Secret Weapon
Paint is probably the most versatile item in your budget decorator’s toolkit. Simply painting your walls the right color can take a room from ho-hum to Hello! But don’t stop at the walls. Everything from floors, to furniture, to cabinets, right up to the ceiling, can be made more beautiful with a coat (or two) of paint.
Here are the most important secrets to successfully using paint in your decorating:


Do your prep work. Take the time to clean, sand and prep all surfaces carefully. It will make all the difference between a perfect finish and one that never looks quite right
Make s ...

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Sunday, August 23, 2020   /   by Sergey Korostensky

Single-family homes leads sales in July

Warmer weather has led to a hotter real estate market in Calgary.
The city’s resale housing market rebounded in July, showing year-over-year growth, following three months of slowed activity from COVID-19.


“Some of what we saw last month could be related to April and May being such weak months, despite those typically being the stronger months for activity,” said Ann-Marie Lurie, chief economist with the Calgary Real Estate Board (CREB).
The association released its figures for the resale market for July earlier this month, showing sales climbing almost 12 per cent compared to the same month last year.
That said, sales were down 15 per cent year to date as of July 31.
What’s more, the average benchmark price of a home fell 1.2 per cent in July, year over year, to $418,000.

Sales largely moved upward by the single-detached homes segment — by far the largest in Calgary. Transactions for the segment were up 17 per cent in July compared with 2019. ...

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Saturday, August 22, 2020   /   by Sergey Korostensky

10 Easy Ways to Make Your Home Look Elegant

We all want a dream home that we’re proud to show off. However, it’s rare that you’ll find your ideal home without making some compromises. Fortunately, there are plenty of ways you can make your home look elegant.
Create More Space
A spacious room not only looks better, but also feels better. And even if you have a small room, there are some tricks you can use to create the illusion of space. You can do that by using bright colors, decluttering and storing away any items that take up a lot of space, hanging floor-to-ceiling curtains, as well as using a few large decorations, as opposed to several small ones.
Pick a Neutral Palette
Simplicity is one of the key elements of an elegant look, and it applies to the color scheme used in your home. When planning your decor, from wall paint to furniture, it’s best to stick to a neutral palette of two or three colors, such as beige or ivory, and use complementary colors for smaller decorative items. This will al ...

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