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 30, 2013 - New Listing - C3570862

Just added this listing:"OPEN HOUSE: June 1st 2:30pm-4:30pm. This fully finished 4 bedroom home is immaculate and is move in ready! The main floor features hardwood floors, 9 foot ceilings, stainless steel appliances in the kitchen with a gas stove, large kitchen island with breakfast eating bar, a gas fireplace in the living room, and a large dining area! Upstairs there is a large bonus room, a common 4 piece bath and there are 3 bedrooms including a master bedroom with a large walk-in closet ... Full Article...
   posted in Listings at Thu, 30 May 2013 06:00:00 -0600

Thursday, May 30, 2013 - New Listing - C3570851

Just added this listing:"Don't miss this 2 bedroom and 2 bathroom "Vista floor plan" unit in fantastic condition located on the third floor in the award winning southeast community of McKenzie Towne! This neutral coloured unit has an open concept kitchen, dining area and living room featuring a breakfast eating bar and a corner gas fireplace. The two spacious bedrooms are separated by the living room and each have their own dedicated bathroom with an ensuite in the master bedroom featuring a ... Full Article...
   posted in Listings at Thu, 30 May 2013 06:00:00 -0600

Thursday, May 30, 2013 - Just Sold - C3567465

Just sold this listing:"Here's a gorgeous 2 storey home located on a sunny pie shaped lot on a quiet bay in Copperfield! This home with over 2100 square feet is in pristine condition and has some great upgrades including, granite counter tops, stainless steel appliances with a gas stove in the kitchen, 9 foot with California knock down texture ceilings, wrought iron staircase, decorative tile faced gas fireplace in the living room, and a spa like 5 piece ensuite in the master bedroom with his ... Full Article...
   posted in Listings at Thu, 30 May 2013 06:00:00 -0600

Tuesday, May 28, 2013 - Just Sold - C3566560

Just sold this listing:"This 3 bedroom home with 2 full bathrooms located on a quite street in the northwest community of Citadel is move in ready and is in immaculate condition! Freshly painted throughout, this wonderfully maintained home features 2 very spacious bedrooms on the main floor including a master bedroom with a private 3 piece ensuite and walk-in closet. With vaulted ceilings and huge skylight the bright and airy kitchen features plenty of counter space and includes a breakfast bar ... Full Article...
   posted in Listings at Tue, 28 May 2013 06:00:00 -0600

Wednesday, May 22, 2013 - Just Sold - C3565111

Just sold 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 Wed, 22 May 2013 06:00:00 -0600

Wednesday, May 22, 2013 - Just Sold - C3567032

Just sold this listing:"Here's a great opportunity to own a wonderfully maintained 2 storey townhouse with 3 bedrooms in the mature southwest neighbourhood of Cedarbrae! This home features hardwood floors throughout the main level with decorative slate coloured porcelain tile. The living room is lit up with a bright bay window and has a cozy gas fireplace. The kitchen has plenty of cabinets and counter space and features black appliances. Upstairs there are three generously sized bedrooms ...
   posted in Listings at Wed, 22 May 2013 06:00:00 -0600

Thursday, May 16, 2013 - Just Sold - C3567115

Just sold this listing:"Located on a quiet cul-de-sac just around the corner from the lake, school and community centre puts this home in a prime location and in the heart of the popular community of McKenzie Lake! This nicely renovated home with nearly 2600 square feet of living space features loads of upgrades including, cherry wood kitchen cabinets, granite counter tops, California knock down textured ceilings, tile floor throughout the kitchen, hardwood floors in the spacious living room, ... Full Article...
   posted in Listings at Thu, 16 May 2013 06:00:00 -0600

Sunday, May 12, 2013 - Just Sold - C3558050

Just sold this listing:"Come live in the prestigious community of Prominence Patterson situated on an 800 square meter corner lot with a sunny west facing, treed and fully landscaped back yard. This 4 bedroom custom home has over 3000 square feet above grade and is built to last with concrete roofing tiles, stucco exterior and new windows and exterior doors. Highlights include vaulted 18 foot ceilings, an artistic spiral staircase, new kitchen appliances in the spacious kitchen, wood burning ... Full Article...
   posted in Listings at Sun, 12 May 2013 06:00:00 -0600

Thursday, May 9, 2013 - New Listing - C3567465

Just added this listing:"Here's a gorgeous 2 storey home located on a sunny pie shaped lot on a quiet bay in Copperfield! This home with over 2100 square feet is in pristine condition and has some great upgrades including, granite counter tops, stainless steel appliances with a gas stove in the kitchen, 9 foot with California knock down texture ceilings, wrought iron staircase, decorative tile faced gas fireplace in the living room, and a spa like 5 piece ensuite in the master bedroom with his ... Full Article...
   posted in Listings at Thu, 09 May 2013 06:00:00 -0600

Wednesday, May 8, 2013 - New Listing - C3567032

Just added this listing:"Here's a great opportunity to own a wonderfully maintained 2 storey townhouse with 3 bedrooms in the mature southwest neighbourhood of Cedarbrae! This home features hardwood floors throughout the main level with decorative slate coloured porcelain tile. The living room is lit up with a bright bay window and has a cozy gas fireplace. The kitchen has plenty of cabinets and counter space and features black appliances. Upstairs there are three generously sized bedrooms ...
   posted in Listings at Wed, 08 May 2013 06:00:00 -0600

Wednesday, May 8, 2013 - New Listing - C3567115

Just added this listing:"Located on a quiet cul-de-sac just around the corner from the lake, school and community centre puts this home in a prime location and in the heart of the popular community of McKenzie Lake! This nicely renovated home with nearly 2600 square feet of living space features loads of upgrades including, cherry wood kitchen cabinets, granite counter tops, California knock down textured ceilings, tile floor throughout the kitchen, hardwood floors in the spacious living room, ... Full Article...
   posted in Listings at Wed, 08 May 2013 06:00:00 -0600

Wednesday, May 8, 2013 - Just Sold - C3562032

Just sold 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 Wed, 08 May 2013 06:00:00 -0600

Sunday, May 5, 2013 - New Listing - C3566560

Just added this listing:"This 3 bedroom home with 2 full bathrooms located on a quite street in the northwest community of Citadel is move in ready and is in immaculate condition! Freshly painted throughout, this wonderfully maintained home features 2 very spacious bedrooms on the main floor including a master bedroom with a private 3 piece ensuite and walk-in closet. With vaulted ceilings and huge skylight the bright and airy kitchen features plenty of counter space and includes a breakfast ... Full Article...
   posted in Listings at Sun, 05 May 2013 06:00:00 -0600

Saturday, May 4, 2013 - Just Sold - C3559540

Just sold this listing:"A rare opportunity to own a fully finished 3 bedroom and 2 full bathroom bi-level situated on a quiet street on a corner lot in the wonderful community of Evanston! This home has been renovated and features an updated kitchen and bath on the main level, vaulted ceilings, beautiful slate tile, dark engineered hardwood floors, upgraded lighting fixtures and much more! The lower level offers 625 square feet, is fully finished and features a large rec room perfect for a home ... Full Article...
   posted in Listings at Sat, 04 May 2013 06:00:00 -0600

Friday, May 3, 2013 - New Listing - C3566211

Just added this listing:"Here is a great opportunity to own a wonderful two storey townhouse with double master bedrooms with dedicated private ensuite bathrooms in the popular northwest community of Tuscany! This townhouse is just steps away from the new LRT station which makes it the perfect location for those looking for a quick ride downtown or to the University of Calgary! Highlights of this home include, hardwood floors, new carpet throughout the upper level, colourful slate tile in the ... Full Article...
   posted in Listings at Fri, 03 May 2013 06:00:00 -0600

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