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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Friday, April 26, 2013 - New Listing - C3565111

Just added this listing:"Just steps away from the University of Calgary, the C-Train to downtown and plenty of shops in Brentwood Village makes this the perfect location for anyone! This unit has an open concept with an upgraded maple kitchen with plenty of additional cabinets, black appliances and an over sized eating bar. The warm cork flooring runs throughout the kitchen and the spacious and bright living room that leads out to your sunny south facing patio. The bedroom is generous in size ... Full Article...
   posted in Listings at Fri, 26 Apr 2013 06:00:00 -0600

Thursday, April 25, 2013 - New Listing - C3564968

Just added this listing:"OPEN HOUSE: JUNE 2nd 2:30-4:30. If you're a fan of The Remodelers Home Show on CTV then perhaps you watched this home receive high quality and professional upgrades on TV! The main floor has been completely opened up and features a chef's dream kitchen with a massive kitchen island with beautiful natural stone counter tops, refinished hardwood floors throughout, a decorative wall unit in the living room featuring a second gas fireplace, new lighting fixtures, pot lights ... Full Article...
   posted in Listings at Thu, 25 Apr 2013 06:00:00 -0600

Wednesday, April 24, 2013 - New Listing - C3564593

Just added this listing:"Looking for a sunny, south facing 1 bedroom unit with 2 parking stalls (one surface and one underground) in excellent condition with lake access in Crystal Shores? This unit with open concept is in pristine condition and features a maple kitchen with black appliances, loads of counter space and a breakfast eating bar. The dining area and living room are quite spacious and lead to the south facing balcony. The bedroom is large enough for a king bed and has a large walk ... Full Article...
   posted in Listings at Wed, 24 Apr 2013 06:00:00 -0600

Wednesday, April 24, 2013 - New Listing - C3564623

Just added this listing:"Don't miss out on this great opportunity to own a 2 bedroom townhouse backing onto green space in a fabulous location in Marlborough! This home is located just a quick 5 minute walk to the LRT for a quick ride downtown, Marlborough Mall and all the shopping on 36th Street! Highlights include laminate flooring, a wood burning fire place and vaulted ceilings in the living room, trendy open wrap staircase, designer paint colours, fully finished basement perfect for a home ... Full Article...
   posted in Listings at Wed, 24 Apr 2013 06:00:00 -0600

Tuesday, April 23, 2013 - Just Sold - C3528572

Just sold 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, 23 Apr 2013 06:00:00 -0600

Monday, April 22, 2013 - New Listing - C3564591

Just added this listing:"Here's a great opportunity to own a 2 bedroom, 2 bathroom with 2 parking stalls (one surface and one underground) corner end unit in immaculate condition on the second floor in the popular lake community of Crystal Shores! This bright and spacious west facing unit with open concept is just like new and features a kitchen with loads of counter space, maple kitchen cabinets and a breakfast eating bar. The living room has a cozy gas fireplace and leads to the oversized ... Full Article...
   posted in Listings at Mon, 22 Apr 2013 06:00:00 -0600

Thursday, April 18, 2013 - Just Sold - C3559966

Just sold this listing:"Over 1900 square feet of living space with plenty of upgrades located on a quiet cul de sac just down the street from the popular Inukshuk Park in the award winning community of McKenzie Towne! This home has all the upgrades including 9' ceilings, extended cabinetry in the kitchen with crown moulding, hardwood floors, gas fireplace in the living room, upgraded lighting fixtures, baseboards and much more! The main floor features a formal dining room, a den just inside the ... Full Article...
   posted in Listings at Thu, 18 Apr 2013 06:00:00 -0600

Monday, April 15, 2013 - New Listing - C3563189

Just added this listing:"Immaculate Calbridge built bright and open floor plan with 2-storey height ceilings, full height windows in family room and living room. Curved stairway with iron spindles and maple railings. Main floor den with double French doors, family room and kitchen nook with overlooking views. Brand new African Walnut hardwood throughout main floor. White kitchen with glass front cabinets, centre island with eating bar and nook with windows on 3 sides. Upper level has 3 ...
   posted in Listings at Mon, 15 Apr 2013 06:00:00 -0600

Friday, April 12, 2013 - Just Sold - C3554290

Just sold this listing:"Here's a great opportunity to own a wonderfully maintained 3 bedroom end unit townhouse with a fully finished basement and single attached garage! This home features a bright and spacious living room with high ceilings which leads to a sunny south facing deck that will be perfect for entertaining this summer. The kitchen has plenty of counter space with an island and a built in pantry for added cupboards. On the upper level there are three generously sized bedrooms ...
   posted in Listings at Fri, 12 Apr 2013 06:00:00 -0600

Tuesday, April 9, 2013 - New Listing - C3562032

Just added this listing:"A rare opportunity to own a fully finished and renovated 2 storey home with over 3300 square feet and walk out on an 857 square metre lot backing onto the creek in quiet Bow Meadows! This 4 bedroom home has plenty of upgrades including a new custom kitchen with granite counters and high end stainless steel appliances featuring a 5 burner gas stove. Other highlights include fabulous hardwood floors on all 3 levels, new lighting and freshly painted walls with an Interior ... Full Article...
   posted in Listings at Tue, 09 Apr 2013 06:00:00 -0600

Thursday, April 4, 2013 - Just Sold - C3555158

Just sold this listing:"Open House: Mar. 16th: 2:30-4:30pm. Don't miss this amazing 3 bedroom, 2.5 bathroom bi-level backing onto a new kids park with a sunny, west facing and wonderfully landscaped backyard in the golf community of Douglasdale! This home has been well taken care of, shows pride of ownership and is move in ready. The open concept main floor is spacious and bright with numerous windows on the west side to bring in lots of natural light. The kitchen has plenty of cabinets for ... Full Article...
   posted in Listings at Thu, 04 Apr 2013 06:00:00 -0600

Wednesday, April 3, 2013 - Just Sold - C3558808

Just sold this listing:"Located just steps away from all the shops on 130th Avenue, this top floor unit in McKenzie Towne with 2 bedrooms and 2 full bathrooms with underground parking has been recently renovated and is move in ready! Renovations include new granite counter tops with undermount sinks, trendy glass mosaic tile back splash, stainless steel appliances, new carpet throughout, new lighting and upgraded plumbing fixtures and new hardware. This unit with open concept is quite bright ... Full Article...
   posted in Listings at Wed, 03 Apr 2013 06:00:00 -0600

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