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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Tuesday, August 28, 2012 - Just Sold - C3530334

Just sold 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 Tue, 28 Aug 2012 06:00:00 -0600

Sunday, August 26, 2012 - Just Sold - C3531420

Just sold 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 level ... Full Article...
   posted in Listings at Sun, 26 Aug 2012 06:00:00 -0600

Friday, August 24, 2012 - Just Sold - C3532705

Just sold 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 an ... Full Article...
   posted in Listings at Fri, 24 Aug 2012 06:00:00 -0600

Wednesday, August 22, 2012 - New Listing - C3536987

Just added this listing:"OPEN HOUSE: Saturday Sept. 8th, 2:30pm-4:30pm. Here's a chance to own a wonderful 2 bedroom inner city townhouse just steps away from the walking trails along the Bow River, 5 minutes from downtown and all the trendy shops in the popular community of Inglewood! This townhouse with a single attached garage features gleaming hardwood floors, a cozy gas fireplace in the living room, a sunny south facing deck and a a balcony off the kitchen perfect for barbecuing. There is ... Full Article...
   posted in Listings at Wed, 22 Aug 2012 06:00:00 -0600

Wednesday, August 15, 2012 - Just Sold - C3534318

Just sold this listing:"This wonderful four bedroom home with walk out in Morningside is simply one of a kind with it's amazing style and decor including the custom casing and baseboard finishes. The main floor has an open concept and features walnut hardwood in the dining area and kitchen as well as colourful slate tile. The living room is quite spacious and has a three sided gas fireplace. The kitchen has plenty of cabinets, an island for added counter space and a window over the sink looking ... Full Article...
   posted in Listings at Wed, 15 Aug 2012 06:00:00 -0600

Wednesday, August 15, 2012 - Just Sold - C3529393

Just sold 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 ...
   posted in Listings at Wed, 15 Aug 2012 06:00:00 -0600

Friday, August 3, 2012 - Just Sold - C3530886

Just sold 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 cars ... Full Article...
   posted in Listings at Fri, 03 Aug 2012 06:00:00 -0600

Wednesday, August 1, 2012 - New Listing - C3534318

Just added this listing:"This wonderful four bedroom home with walk out in Morningside is simply one of a kind with it's amazing style and decor including the custom casing and baseboard finishes. The main floor has an open concept and features walnut hardwood in the dining area and kitchen as well as colourful slate tile. The living room is quite spacious and has a three sided gas fireplace. The kitchen has plenty of cabinets, an island for added counter space and a window over the sink ...
   posted in Listings at Wed, 01 Aug 2012 06:00:00 -0600

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