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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Wednesday, November 27, 2013 - Just Sold - C3593097

Just sold this listing:"A great opportunity to own a fully finished 3 bedroom, 2.5 bathroom home located on a quiet street in the wonderful southeast community of New Brighton! Highlights of this home include hardwood floors, gas fireplace in the living room, walk thru pantry, vaulted ceilings in the bonus room, a wonderful four piece ensuite bath in the master bedroom featuring a deep corner jacuzzi tub, a separate stand up shower and a sizable walk-in closet! The basement offers plenty of ... Full Article...
   posted in Listings at Wed, 27 Nov 2013 05:00:00 -0700

Friday, November 22, 2013 - New Listing - C3593097

Just added this listing:"A great opportunity to own a fully finished 3 bedroom, 2.5 bathroom home located on a quiet street in the wonderful southeast community of New Brighton! Highlights of this home include hardwood floors, gas fireplace in the living room, walk thru pantry, vaulted ceilings in the bonus room, a wonderful four piece ensuite bath in the master bedroom featuring a deep corner jacuzzi tub, a separate stand up shower and a sizable walk-in closet! The basement offers plenty of ... Full Article...
   posted in Listings at Fri, 22 Nov 2013 05:00:00 -0700

Friday, November 22, 2013 - New Listing - C3593198

Just added this listing:"SUITED BASEMENT! Don't miss out on this great opportunity to own a 6 bedroom + 3.5 baths with separate entrance on a quiet cul de sac on one of the biggest lots in the wonderful lake community of Coral Springs! Highlights of this home include 18 foot cathedral ceilings, two kitchens, two gas fireplaces, a formal dining area, gorgeous oak built-ins, a den that could be used as a 7th bedroom, large kitchen with island featuring plenty of cabinet and counter space and a ... Full Article...
   posted in Listings at Fri, 22 Nov 2013 05:00:00 -0700

Saturday, November 16, 2013 - New Listing - C3592656

Just added this listing:"Don't miss out on this fantastic opportunity to own this wonderfully cared for 2 bed & 1.5 bath unit with low condo fees, great location, close proximity to transit and lots of amenities! This home features new kitchen counter tops, laminate flooring, freshly renovated main bathroom, a wood burning fireplace, insuite storage and two sizable bedrooms separated by a spacious and bright living room with a sunny west facing exposure perfect for relaxing on the patio. Other ... Full Article...
   posted in Listings at Sat, 16 Nov 2013 05:00:00 -0700

Wednesday, November 13, 2013 - Just Sold - C3589771

Just sold this listing:"Don't miss out on this great opportunity to own a wonderful 2 storey townhouse in the community of Sunrise Meadows. This unit features maple cabinets with gorgeous granite countertops in the kitchen, hardwood floors and a spacious west facing balcony with storage room off the dining area to enjoy those sunny evenings. Upstairs there are three sizeable bedrooms with a common four piece bathroom and upstairs laundry. Call to view today!"
   posted in Listings at Wed, 13 Nov 2013 05:00:00 -0700

Saturday, November 9, 2013 - Just Sold - C3590432

Just sold this listing:"OPEN HOUSE: OCT. 26th 1pm-4pm! A fantastic opportunity to own a 4 bedroom, 2 bath home with a sunny west facing backyard located on a quiet cul-de-sac in the award winning community of McKenzie Towne! Situated in the heart of Inverness this wonderfully maintained bi-level with A/C has hardwood floors and a brand new kitchen renovation featuring dark stained maple kitchen cabinets, new high end LG stainless steel appliances, new counter tops, stylish mosaic tile back ...
   posted in Listings at Sat, 09 Nov 2013 05:00:00 -0700

Friday, November 1, 2013 - Just Sold - C3588907

Just sold this listing:"This well-designed and open plan, 3 bedroom home with 9' ceilings, is on a "no through" street only a few minutes' walk to the lake entrance. Greeting guests with SLATE TILED (front and back) ENTRY, the main level is covered with Gleaming Brazilian Cherry TIGERWOOD. The natural sunlit living room begs to be gathered in to visit or nightly read in the glow of the corner FIREPLACE. The large dining room opens to the Chef's kitchen with GAS RANGE and a generous FOOD PREP ... Full Article...
   posted in Listings at Fri, 01 Nov 2013 06:00:00 -0600

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