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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Saturday, June 30, 2012 - New Listing - C3530334

Just added this listing:"Welcome to The Montana! Located in one of the most vibrant and diverse areas of Calgary with a multitude of art, entertainment venues, restaurants, cafes,shopping options plus immediate proximity to the city's fast-paced business culture, The Montana puts you right in the hub. The impressive lobby with 24 concierge service sets the tone for the high quality finishings this unit has to offer. This one bedroom plus den with 9' ceilings has granite counter tops in the ...
   posted in Listings at Sat, 30 Jun 2012 06:00:00 -0600

Sunday, June 24, 2012 - New Listing - C3529393

Just added this listing:"Don't miss out on this wonderful 2 storey with a double detached garage in the popular community of Luxstone in Airdrie. The main floor features some great upgrades including granite counter tops, stainless steel appliances, darker stained kitchen cabinets with a huge island for added counter space and storage and upgraded lighting fixtures. Upstairs there are three generously sized bedrooms with plenty of closet space including a walk in for the master bedroom. The ... Full Article...
   posted in Listings at Sun, 24 Jun 2012 06:00:00 -0600

Tuesday, June 19, 2012 - New Listing - C3528572

Just added this listing:"Welcome to the 23rd floor of Montana, luxurious living offering a front row seat to panoramic sunrises, gorgeous sunsets and breathtaking nights with views of downtown Calgary! This wonderful unit features quality finishings including Denca built in cabinetry, gorgeous granite counter tops, Liebherr & Wolf appliances with custom kitchen cabinets, beautiful hardwood floors and decorative lighting fixtures hanging from the 10 foot ceilings. The two bedrooms have plenty of ... Full Article...
   posted in Listings at Tue, 19 Jun 2012 06:00:00 -0600

Sunday, June 17, 2012 - New Listing - C3528472

Just added this listing:"Here's your chance to own a nicely renovated 3 bedroom bungalow situated on a pie shaped lot on a quiet street with a mechanics dream double detached garage! You'll notice the pride in ownership from the curb featuring wonderful landscaping, a newly poured concrete walkway, new Rayomax Low E bay window on the front of the house and the seamless two tier cedar deck in the backyard. This home has brand new carpet throughout, has been freshly painted and showcases plenty ... Full Article...
   posted in Listings at Sun, 17 Jun 2012 06:00:00 -0600

Sunday, June 10, 2012 - Just Sold - C3525549

Just sold 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 Sun, 10 Jun 2012 06:00:00 -0600

Wednesday, June 6, 2012 - New Listing - C3526779

Just added this listing:"Here's a great opportunity to own a well maintained and fully finished three bedroom bungalow with an over sized, heated and insulated double detached garage in the mature neighbourhood of Dover Glen! This home has great curb appeal and is located on a quiet street with a nicely landscaped yard. The main floor features a spacious living room, a kitchen with plenty of cabinets and counter space, three generously sized bedrooms and a four piece bathroom. The lower level ... Full Article...
   posted in Listings at Wed, 06 Jun 2012 06:00:00 -0600

Tuesday, June 5, 2012 - Just Sold - C3518372

Just sold this listing:"Location, Location, Location! Here's a great opportunity to own a wonderful townhouse in the popular community of Altadore! Just a quick 5 minutes from downtown, within walking distance to trendy shops in Marda Loop and the great walking paths of the river park. This two bedroom and two bathroom townhouse has great upgraded features such as granite counter tops, hardwood floors, stainless steel appliances, gas stove in the kitchen, fireplace in the living room and a deep ... Full Article...
   posted in Listings at Tue, 05 Jun 2012 06:00:00 -0600

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