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New property listed in Springbank Hill, Calgary

I have listed a new property at 8 Timberline GATE SW in Calgary. See details here

Discover this exquisite executive home nestled in the exclusive community of Timberline Estates on Calgary's Westside. Renowned for its serene, family-friendly atmosphere, this neighbourhood offers a rare and highly coveted living experience. The heart of this custom-built ALBI home is a gourmet kitchen, designed for the culinary enthusiast and entertainer. It features a massive granite island, a Viking cooktop, and an expansive Sub-Zero side-by-side fridge/freezer. Additional high-end lacquered cabinets, a sleek glass backsplash, a farmhouse sink, and a practical walk-through pantry elevate the functionality and style of this space. Spanning 3,548 sq ft across the main and upper floors, this home flaunts an open floor plan that includes three spacious bedrooms, three luxurious full bathrooms, and a dynamic great room with a striking gas fireplace framed by stone. A breakfast nook surrounded by windows offers direct access to a vast patio, providing a bright and inviting dining area. The flexible main floor also houses a room that can serve as a den, office, or an additional bedroom, enhancing the home’s versatility. The upper level is a retreat unto itself, featuring a lavish master suite with a sprawling walk-in closet and a spa-like ensuite. This sanctuary includes heated marble floors, dual vanities, granite countertops, and a soothing soaker tub. The convenience of second-floor laundry, a large bonus room with breathtaking mountain views, and additional bedrooms each with walk-in closets, underscores the thoughtful design of this home. Craftsmanship shines throughout with Jatoba (Brazilian Cherry) hardwood flooring, high-end custom window treatments, and transom windows above the doors for extra light. Energy efficiency is paramount with triple-glazed windows facing the south and high ceilings that amplify the sense of space—10 ft on the main level and 9 ft on the upper and lower levels. The basement offers a blank canvas to add approximately 1,300 sq ft of tailored living space, ideal for your personal touch. Outside, the quarter-acre lot includes a massive backyard with newly planted trees for privacy, extensive aggregate work, and a large patio perfect for outdoor gatherings. The generously oversized, heated 29'x29' garage provides ample storage and space for up to three vehicles, reflecting the home's blend of luxury and practicality. Located near top Calgary schools, shopping centres, dining options, and the Westside Recreation Centre, this home offers both grandeur and convenience. This property is a testament to meticulous upkeep and pride of ownership—a truly splendid offering in one of Calgary's premier neighbourhoods.

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Should I Help My Adult Kids Buy Their First Home?

Why Helping Your Adult Kids Buy Their First Home in Calgary is a Smart Move

Owning a home is a major milestone, but in today’s competitive Calgary real estate market, young buyers are finding it increasingly difficult to take that first step. With rising home prices, stricter mortgage qualifications, and increasing rental costs, many parents are stepping in to give their adult children a boost into homeownership. If you're considering helping your kids buy their first home, here are the key reasons why it can be a great decision—for both them and you.

1. Building Generational Wealth

Homeownership is one of the most effective ways to build and transfer wealth. By assisting your children in purchasing their first home, you’re not just giving them a place to live—you’re helping them build equity and secure their financial future.

2. Easing the Burden of Rising Housing Costs

The Calgary market has seen steady price growth, making it harder for first-time buyers to save enough for a down payment while also covering living expenses. A little help—whether it’s with the down payment, co-signing the mortgage, or contributing to closing costs—can make a big difference.

3. Avoiding the Rental Trap

With Calgary’s rental market becoming increasingly expensive, many young professionals are spending a significant portion of their income on rent without building any long-term wealth. Owning a home allows them to put their money toward an asset rather than paying someone else's mortgage.

4. Smart Use of Home Equity

Many parents in Calgary have built substantial equity in their homes over the years. Utilizing a home equity line of credit (HELOC) or gifting a portion of your equity can be a strategic way to help your kids enter the housing market while keeping long-term financial goals in mind.

5. Providing Stability and Long-Term Benefits

Homeownership offers a level of financial and personal stability that renting simply cannot. It allows young buyers to establish roots, build community ties, and take advantage of long-term property appreciation—especially in desirable Calgary neighbourhoods.

6. Potential Tax and Investment Advantages

Depending on how you structure your assistance, there may be potential tax benefits or investment opportunities. Whether it’s purchasing a home jointly, setting up a rental suite for additional income, or structuring the assistance as a loan, there are many strategies to consider. Consulting with a financial advisor can help you determine the best approach for your family.

7. It’s a Competitive Market – Act Early

With inventory fluctuating and interest rates impacting affordability, getting into the market sooner rather than later can be beneficial. By helping your kids buy a home now, they may avoid even higher prices and tougher lending conditions in the future.

How You Can Help

If you’re ready to assist your kids in buying their first home, here are a few ways you can help:

  • Gift a down payment – This can help them qualify for a better mortgage rate and reduce their borrowing costs.

  • Co-sign the mortgage – This increases their borrowing power but comes with shared financial responsibility.

  • Contribute to closing costs – Helping with legal fees, land transfer taxes, and other closing costs can ease their transition.

  • Help with budgeting & financial education – Guiding them through mortgage affordability and homeownership responsibilities is just as valuable as financial assistance.

Final Thoughts

Helping your kids buy their first home is a major decision, but in Calgary’s evolving market, it can be a strategic and rewarding investment for your family’s future. If you’re considering this move, working with a trusted real estate professional can ensure you explore the best options tailored to your situation.

Looking for guidance on how to navigate this process? Let’s connect! Whether you need market insights, mortgage advice, or assistance finding the perfect property, I’m here to help.

📩 info@haroldspicer.com
🌐 haroldspicer.com

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.