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, July 28, 2012 - Just Sold - C3531812

Just sold this listing:"Here's your chance to own a top floor unit with all the upgrades in the popular southeast community of New Brighton! This property has stainless steel appliances in the kitchen, plenty of dark stained maple cabinets with granite counter tops and a huge island with eating bar. The spacious living room separates the two large bedrooms for privacy and they each have plenty of closet space and a dedicated four piece bathroom. There is a flex space just off the kitchen that ... Full Article...
   posted in Listings at Sat, 28 Jul 2012 06:00:00 -0600

Saturday, July 28, 2012 - New Listing - C3533858

Just added this listing:"Don't miss out on this recently renovated 2 bedroom bi-level with two parking stalls in the wonderful community of Oakridge. This home has a brand new kitchen, fully renovated four piece bathroom, new laminate floors, new baseboards and casings and much more. The spacious living room features a wood burning fireplace that has recently been updated with stylish mosaic tile. The lower level has two generously sized bedrooms and a utility room featuring a newer furnace. ... Full Article...
   posted in Listings at Sat, 28 Jul 2012 06:00:00 -0600

Saturday, July 28, 2012 - New Listing - C3533821

Just added this listing:"This renovated unit overlooking the quiet courtyard with two titled underground parking stalls is better than new and has just been recently updated with new high end carpet, trendy lighting fixtures, new tile back splash in the kitchen with a stylish kitchen sink, freshly painted, new closet doors, air conditioning and much more. The location is perfect and is just steps away from Mount Royal University, a quick 5 minute ride to downtown Calgary and quick access to all ... Full Article...
   posted in Listings at Sat, 28 Jul 2012 06:00:00 -0600

Monday, July 23, 2012 - Just Sold - C3528472

Just sold 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 of ... Full Article...
   posted in Listings at Mon, 23 Jul 2012 06:00:00 -0600

Monday, July 23, 2012 - Just Sold - C3531548

Just sold this listing:"This recently renovated 2 bedroom condo is perfectly located in the heart of Mission and just around the corner from all the trendy shops and restaurants on 4th Street! This bright south facing unit has plenty of upgrades featuring granite counter tops and stainless steel appliances in the kitchen including a large island with breakfast eating bar. There is a cozy gas fireplace in the corner of the living room, knock down textured ceiling with laminate floors throughout. ... Full Article...
   posted in Listings at Mon, 23 Jul 2012 06:00:00 -0600

Friday, July 20, 2012 - Just Sold - C3523281

Just sold 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 Fri, 20 Jul 2012 06:00:00 -0600

Thursday, July 19, 2012 - New Listing - C3532568

Just added this listing:"Beautifully renovated 2370 Sq' custom built 2 storey home in "The estates of Deer Run" literally looks into Fish Creek Park and the Bow River. The exterior features a new roof, 3 car driveway, oversize garage, fully landscaped, quartz patio and large wrap around deck. Interior features main floor laundry, large kitchen with joined eating area surrounded by windows, granite counter tops, high end stainless appliances, tile floors and island. Bright formal dining and ...
   posted in Listings at Thu, 19 Jul 2012 06:00:00 -0600

Thursday, July 19, 2012 - New Listing - C3532705

Just added this listing:"This immaculate 1 bedroom unit over looking a quiet treed courtyard and just steps from the Mount Royal University campus is move in ready! Quick access to downtown and all the major roads in the southwest puts this home in a perfect location surrounded by some of Calgary's popular inner-city communities. This unit has brand new laminate floors throughout and tile floor in the kitchen and bathroom. Plenty of cabinets in the kitchen and loads of counter space featuring ... Full Article...
   posted in Listings at Thu, 19 Jul 2012 06:00:00 -0600

Friday, July 13, 2012 - New Listing - C3531812

Just added this listing:"Here's your chance to own a top floor unit with all the upgrades in the popular southeast community of New Brighton! This property has stainless steel appliances in the kitchen, plenty of dark stained maple cabinets with granite counter tops and a huge island with eating bar. The spacious living room separates the two large bedrooms for privacy and they each have plenty of closet space and a dedicated four piece bathroom. There is a flex space just off the kitchen that ... Full Article...
   posted in Listings at Fri, 13 Jul 2012 06:00:00 -0600

Wednesday, July 11, 2012 - New Listing - C3531548

Just added this listing:"This recently renovated 2 bedroom condo is perfectly located in the heart of Mission and just around the corner from all the trendy shops and restaurants on 4th Street! This bright south facing unit has plenty of upgrades featuring granite counter tops and stainless steel appliances in the kitchen including a large island with breakfast eating bar. There is a cozy gas fireplace in the corner of the living room, knock down textured ceiling with laminate floors ...
   posted in Listings at Wed, 11 Jul 2012 06:00:00 -0600

Tuesday, July 10, 2012 - New Listing - C3531420

Just added this listing:"GREAT MOTHER IN LAW SUITE POTENTIAL! This 4 bedroom home has been recently renovated and is move in ready! New carpets and lino throughout, new kitchen counter tops, new lighting fixtures, new baseboards and casings and much more. There are two sizeable bedrooms located upstairs and two more downstairs with a four piece bathroom located on each floor. The windows in the lower level are oversized and bring in plenty of natural light. There is a fireplace on the main ...
   posted in Listings at Tue, 10 Jul 2012 06:00:00 -0600

Saturday, July 7, 2012 - Just Sold - C3526779

Just sold 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 Sat, 07 Jul 2012 06:00:00 -0600

Thursday, July 5, 2012 - New Listing - C3530886

Just added this listing:"Here is a great opportunity to live up and rent down with a self contained mother in law suite on the lower level! There are two bedrooms up and two bedrooms down with a 4 piece bathroom on each level, and double the appliances! This property has been well taken care of and has over sized windows in the basement that help bring in plenty of natural light. The backyard is south facing and gets plenty of sun for those summer barbecues. There is also room to park three ... Full Article...
   posted in Listings at Thu, 05 Jul 2012 06:00:00 -0600

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