Calgary Flood 2013 - As a Realtor working with Buyers over the years I’ve come to realize that privacy is of the utmost importance when Buyers are shopping for homes. They love the idea of having plenty of trees in the back yard, lattice up on the decks and a garage they can drive their car into with a remote that they can close before stepping out of the car. Who really wants to have a neighbourly conversation with a grumbling stomach about the weather after a long day at work anyways? Our homes have become our castles and if the city would allow us to build a moat around our property line I’m sure some Buyers would hire the services of a backhoe on the day of possession. I must admit that I’m pretty guilty of this behavior as well after realizing my neighbour across the street speaks with a British accent (We’ve been neighbours for over three years, but what took HIM so long to say hello?). Let’s face it, we live in a world where the Block Parent signs have disappeared and none of us really have a neighbour named “Wilson” that we can confide in on the other side of the fence in our back yard. However, over the past week in Calgary and the surrounding towns I was absolutely floored by how neighbours tore down those walls, unlocked the doors and updated their Facebook status with “We’ll leave the light on for you” like a Motel 6 advertising campaign. Neighbours owning pickup trucks were seen peeling their bumper stickers that read “Yes, this is my truck. No, you can’t borrow it” and replacing them with “Here to help!” We witnessed farmers ditching their fields and picking up stranded neighbours with their combines and in return helicopters were seen herding cattle to higher ground (which I think should become an event at this year’s Calgary Stampede, can you imagine?). What really impresses me is that nearly 100,000 Calgarians were evacuated and displaced, but only roughly 1,500 showed up to the number of emergency shelters across the city. In a city where it’s sometimes impossible to find a born and raised Calgarian (with no shortage of Leafs fans) almost everyone had somewhere to go thanks to the kindness of friends and strangers. We stood centre stage with the world watching (minus Anderson Cooper) and we passed with an A+! Our report card would simply say “Likes to help others”. Thanks Calgary for staying classy, standing tall and keeping the faith! Now, let’s “Cowboy Up”, it’s time for Stampede!

Calgary, Sept. 4, 2012 – Following several months of higher than expected sales growth, Calgary residential sales in August totaled 1,725 units, a 10-per-cent increase over last year.

“While the sales grow remains strong, it is slower than previous five months in part due to the lack of new listings in the City’s single family market,” said Bob Jablonski, CREB® President.  “With fewer products to choose from, many consumers are holding off on transacting or turning to surrounding towns, the new home market and condominiums.”

New listings within the City of Calgary total 2,585 units in August, down 13 per cent from one year ago and down more than four per cent on a year-to-date basis.  Meanwhile, new listings in the surrounding towns have improved by nearly 10 per cent after the first eight months of this year.


“Improving choice, affordable prices, combined with lifestyle factors and the lack of choice in the single family market within city limits, have driven sales growth in towns surrounding the city,” said Jabslonski.  “In general, the area has witnessed sales activity that is comparable to peak sales activity.”

Single family sales totaled 1,169 in August 2012, six per cent above levels recorded in 2011.  Meanwhile, new listings declined by 14 per cent on a year-over-year basis over the same time frame.  This year, demand has far outpaced new additions to supply in the single-family market, causing a significant depletion of standing inventories.  However, the recent decline in sales growth helped ease the pressure on the market, as months of supply have risen to levels more consistent with balanced territory.

While sales growth activity did cool, the upward price pressure on single family homes will not likely ease until the fall.  As of August, the benchmark price for a single family home was $432,600, an eight-per-cent increase over August 2011 levels.  The increase may seem significant, but the prices have leveled off compared to the previous month and remain nearly $20,000 below peak levels recorded in July 2007.

August sales in both condominium apartment and townhouse units recorded year-over-year growth that outpaced the single family market.  Year-to-date apartment sales have improved by nearly 10 per cent over 2011, while the level of new listings remained at levels similar to last year.  The improvement in sales relative to new listings has helped reduce the elevated inventory levels, keeping this market in balanced territory.

The benchmark price of a condominium apartment for the month of August was $248,700, a 3.6-per-cent increase over the previous year.  Meanwhile townhouse style condominiums had a monthly benchmark price of $278,200, only a 2.5-per-cent increase.  While the upward momentum is a signal of continued recovery in the condominium market, the benchmark price for condominiums remains nearly 16 per cent below peak levels.


“Some continue to foresee a scenario where price declines are looming in the local housing market, especially given national trends,” said Ann-Marie Lurie, CREB® Chief Economist.  “There is no question economic concerns can threaten our housing recovery. However, to date Calgary housing market consumers are exhibiting confidence evidenced through the pick-up in sales activity across all housing types.

“The rapid sales growth caused supply levels to drop, particularly in the single family market, resulting in price gains.  While we anticipate recent movements in the single family resale market will take some pressure off the higher-than-expected price growth, another city wide price correction is not expected given current economic growth expectations combined with one of the best affordability climates in the country."

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Thursday, May 31, 2012 - New Listing - C3525549

Just added this listing:"Don't miss the chance to own this fully finished four bedroom and three full bathroom home in the popular lake community of Auburn Bay! With over 2000 square feet of living space this home is situated on a quiet street on an oversized lot, just around the corner from the park and is within a quick walk to the lake! The main floor has an open concept, is perfect for entertaining and features a three sided gas fireplace, decorative arches, columns and a spacious kitchen ... Full Article...
   posted in Listings at Thu, 31 May 2012 06:00:00 -0600

Tuesday, May 29, 2012 - Just Sold - C3523624

Just sold this listing:"This home shows pride of ownership and is move in ready with plenty of recent renovations! Located on a quiet street you will be impressed by the great curb appeal this home offers. The main floor features hardwood floors, a formal dining area, newer maple kitchen cabinets with plenty of storage complimented by a decorative back splash, designer paint colours and updated lighting. The lower level features two more additional bedrooms, a 3 piece bathroom recently updated, ... Full Article...
   posted in Listings at Tue, 29 May 2012 06:00:00 -0600

Monday, May 28, 2012 - Just Sold - C3521717

Just sold this listing:"Come see this fantastic 4 bedroom home in the heart of Inverness in the award winning community of McKenzie Towne. Perfectly situated on a quiet street just around the corner from the pond and just down the road from a future school. This well maintained 2 storey home with over 2050 square feet has it all featuring a formal dining room, gas fireplace in the living room, a den that makes a perfect home office space, a seperate laundry room on the main floor and a maple ... Full Article...
   posted in Listings at Mon, 28 May 2012 06:00:00 -0600

Thursday, May 24, 2012 - Just Sold - C3514398

Just sold this listing:"Don't miss out on this recently renovated 3 bedroom home situated on a quiet street in the wonderful community of Bowness! This home has newer carpets, hardwood floors, modern lighting fixtures, new decorative baseboards and new windows and exterior doors which help make this home energy efficient. The main bathroom shared by three spacious bedrooms has also been recently renovated and features modern tile decor and a bamboo vanity with a stylish counter mounted sink. ... Full Article...
   posted in Listings at Thu, 24 May 2012 06:00:00 -0600

Friday, May 18, 2012 - Just Sold - C3519587

Just sold this listing:"Don't miss out on this huge 4 bedroom, 3 bathroom home with a fully finished basement on a rare 639 square meter lot in the wonderful community of New Brighton! The main floor features gorgeous hardwood floors, dark kitchen cabinets with a hutch extension, an island with an eating bar and added counter space, walk through pantry, a cozy gas fireplace in the spacious living room, 9 foot ceilings and a den just off the main entrance that can be used as a home office or ... Full Article...
   posted in Listings at Fri, 18 May 2012 06:00:00 -0600

Friday, May 18, 2012 - New Listing - C3523624

Just added this listing:"This home shows pride of ownership and is move in ready with plenty of recent renovations! Located on a quiet street you will be impressed by the great curb appeal this home offers. The main floor features hardwood floors, a formal dining area, newer maple kitchen cabinets with plenty of storage complimented by a decorative back splash, designer paint colours and updated lighting. The lower level features two more additional bedrooms, a 3 piece bathroom recently ...
   posted in Listings at Fri, 18 May 2012 06:00:00 -0600

Thursday, May 17, 2012 - New Listing - C3523281

Just added this listing:"Looking for a self contained 600 sq. ft. carriage suite over the garage to help with the mortgage? Don't miss out on this amazing opportunity to own a showhome quality 2 storey home with over 2500 sq. ft. on one of the best streets in McKenzie Towne! The main level upgrades include gorgeous hardwood floors, a cozy gas fireplace in the living room, decorative plantation shutters on all the windows, 9' knock down ceilings and a dream kitchen. There are 3 bedrooms on the ... Full Article...
   posted in Listings at Thu, 17 May 2012 06:00:00 -0600

Wednesday, May 9, 2012 - Just Sold - C3520230

Just sold this listing:"This recently renovated 4 bedroom and 3 bathroom bungalow in Glendle Meadows is move in ready and has plenty of upgrades including new windows throughout! Located across the road from a park, the main floor features a renovated kitchen with hickory cabinets, an island for added counter space and a built in wall unit for additional storage. The bathrooms have also been completely renovated and feature new vanities, tubs and quality tile work. There are two bedrooms on the ... Full Article...
   posted in Listings at Wed, 09 May 2012 06:00:00 -0600

Tuesday, May 8, 2012 - New Listing - C3521717

Just added this listing:"Come see this fantastic 4 bedroom home in the heart of Inverness in the award winning community of McKenzie Towne. Perfectly situated on a quiet street just around the corner from the pond and just down the road from a future school. This well maintained 2 storey home with over 2050 square feet has it all featuring a formal dining room, gas fireplace in the living room, a den that makes a perfect home office space, a seperate laundry room on the main floor and a maple ... Full Article...
   posted in Listings at Tue, 08 May 2012 06:00:00 -0600

Wednesday, May 2, 2012 - Just Sold - C3517202

Just sold this listing:"Come see this nicely renovated 3 bedroom home situated on a sunny pie lot in a quiet cul de sac in Millrise! This home has walnut laminate floors, new carpet in the bedrooms and an open concept on the main floor that opens the kitchen to the dining area. The kitchen highlights feature new counter tops, a breakfast eating bar and a 4 burner gas stove. The bathrooms have been renovated and have new counter tops and the main bathroom has a deep soaker tub and fantastic tile ... Full Article...
   posted in Listings at Wed, 02 May 2012 06:00:00 -0600

Tuesday, May 1, 2012 - New Listing - C3520230

Just added this listing:"This recently renovated 4 bedroom and 3 bathroom bungalow in Glendle Meadows is move in ready and has plenty of upgrades including new windows throughout! Located across the road from a park, the main floor features a renovated kitchen with hickory cabinets, an island for added counter space and a built in wall unit for additional storage. The bathrooms have also been completely renovated and feature new vanities, tubs and quality tile work. There are two bedrooms on ... Full Article...
   posted in Listings at Tue, 01 May 2012 06:00:00 -0600

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