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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Monday, July 29, 2013 - New Listing - C3579260

Just added this listing:"Don't miss this amazing two story EXECUTIVE GEORGIAN BROWNSTONE with MOUNTAIN VIEWS in the community of McKenzie Towne! This unit is located in the beautiful gated, garden courtyard of the Brownstones and offers the privacy and security you've been looking for. This unit is the largest and has a sunny west facing balcony, perfect for summer barbecues and enjoying the evening sun. The main floor is spacious and features a gas fireplace in the living room, 9' ceilings, a ... Full Article...
   posted in Listings at Mon, 29 Jul 2013 06:00:00 -0600

Thursday, July 25, 2013 - New Listing - C3578797

Just added this listing:"A well maintained 2 storey home located on a quiet cud-de-sac in the popular northwest community of Tuscany. The main floor features gleaming hardwood and tile floors, gorgeous granite countertop, natural stone faced corner gas fireplace in the living room, California knock down textured ceiling with pot lights and cherry stained maple cabinets with kitchen Island. The upper level has a large bonus room with 9' ceilings perfect for your family entertainment room. There ... Full Article...
   posted in Listings at Thu, 25 Jul 2013 06:00:00 -0600

Wednesday, July 17, 2013 - Just Sold - C3571909

Just sold this listing:"***OPEN HOUSE*** June 22nd 2:30-4:30pm. Don't miss this wonderfully renovated bungalow located on a quiet street in the mature neighbourhood of Marlborough Park! This home has been completely renovated on the main level and features a new chef's dream kitchen with new appliances, plenty of counter space and storage, high quality laminate flooring and tile throughout the main floor, updated bathrooms, new windows and custom patio doors, newer roof, furnace and hot water ... Full Article...
   posted in Listings at Wed, 17 Jul 2013 06:00:00 -0600

Friday, July 12, 2013 - Just Sold - C3564593

Just sold 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 Fri, 12 Jul 2013 06:00:00 -0600

Friday, July 12, 2013 - Just Sold - C3564591

Just sold 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 ...
   posted in Listings at Fri, 12 Jul 2013 06:00:00 -0600

Friday, July 12, 2013 - Just Sold - C3563189

Just sold 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 bedrooms. ... Full Article...
   posted in Listings at Fri, 12 Jul 2013 06:00:00 -0600

Friday, July 12, 2013 - Just Sold - C3570862

Just sold 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 Fri, 12 Jul 2013 06:00:00 -0600

Wednesday, July 10, 2013 - Just Sold - C3571878

Just sold this listing:"Here is a great opportunity to live on a quiet street on a large pie shaped lot with a sunny west facing backyard in the wonderful community of Saddleridge! This three bedroom home has just been freshly painted and has new laminate floors in the living room and tile in the kitchen and spacious dining area. The lower level has plenty of potential for a fourth bedroom and awaits your creative touch. The west facing backyard has a deck to enjoy those sunny afternoons and is ... Full Article...
   posted in Listings at Wed, 10 Jul 2013 06:00:00 -0600

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