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."

1 - 15 of 15

Friday, January 31, 2014 - New Listing - C3598399

Just added this listing:"Looking for an inner-city condo on the high ground with spectacular views of downtown from the roof top patio and just a quick walk to Stanley Park? Look no further than this wonderfully maintained one bedroom condo tucked away on a quiet street just minutes away from the core. This sunny, south facing unit with balcony has just been painted and features new carpet in the bedroom, maple kitchen cabinets with newer black appliances, breakfast eating bar, laminate floors ... Full Article...
   posted in Listings at Fri, 31 Jan 2014 05:00:00 -0700

Friday, January 31, 2014 - Just Sold - C3597455

Just sold this listing:"OPEN HOUSE: JAN 25th 2pm-4pm. An outstanding 4 bedroom home with all the upgrades and a professionally fully finished basement located on a quiet street in the popular community of Cranston! The main floor features 9' ceilings, hardwood floors, stainless steel appliances, a bright and spacious dining nook area, a gas stove in the kitchen with large island and breakfast eating bar, a den perfect for a home office and a stone faced gas fireplace in the living room. ...
   posted in Listings at Fri, 31 Jan 2014 05:00:00 -0700

Thursday, January 30, 2014 - New Listing - C3598380

Just added this listing:"View a wonderful 2 storey home with quality upgrades in the popular community of Copperfield! The main floor features hardwood floors, 9' ceilings, gas fireplace, dark stained maple cabinets and island with breakfast eating bar and pendant lighting. Upstairs there is a large bonus room and three generously sized bedrooms including a master bedroom with a large walk-in closet and a five piece ensuite featuring his & her sinks, deep soaker tub and separate shower. The ... Full Article...
   posted in Listings at Thu, 30 Jan 2014 05:00:00 -0700

Saturday, January 25, 2014 - Just Sold - C3596632

Just sold this listing:"OPEN HOUSE: January 18th from 12pm-4pm! A great opportunity to own a fantastic home with all the upgrades in the popular community of New Brighton! Located across the street from a park this home features hardwood floors, stainless steel appliances, dark stained kitchen cabinets, an island with breakfast eating bar, large dining area and a cozy gas fireplace with mosaic tile surround. Upstairs there are three large bedrooms and two full bathrooms including a private ...
   posted in Listings at Sat, 25 Jan 2014 05:00:00 -0700

Friday, January 24, 2014 - New Listing - C3597564

Just added this listing:"This fantastic home with front veranda tucked away on a quiet street in the community of Reunion is just like new and ready to be yours! The main floor of this home features gorgeous engineered hardwood floors, stainless steel appliances in the kitchen complimented by a glass subway tile back splash, large kitchen island and espresso coloured cabinetry. Upstairs there are three large bedrooms including a master with private 4 piece ensuite and walk-in closet. The lower ... Full Article...
   posted in Listings at Fri, 24 Jan 2014 05:00:00 -0700

Thursday, January 23, 2014 - New Listing - C3597455

Just added this listing:"OPEN HOUSE: JAN 25th 2pm-4pm. An outstanding 4 bedroom home with all the upgrades and a professionally fully finished basement located on a quiet street in the popular community of Cranston! The main floor features 9' ceilings, hardwood floors, stainless steel appliances, a bright and spacious dining nook area, a gas stove in the kitchen with large island and breakfast eating bar, a den perfect for a home office and a stone faced gas fireplace in the living room. ...
   posted in Listings at Thu, 23 Jan 2014 05:00:00 -0700

Thursday, January 23, 2014 - Just Sold - C3596479

Just sold this listing:"Location, Location, Location! Here is your chance to live in the heart of one of Calgary's most trendy shopping districts, Marda Loop! This wonderfully maintained unit features gorgeous slate tile flooring, california textured knockdown ceilings, stainless steel appliances in a modern style kitchen with glass mosaic back splash, pendant lighting over the island with breakfast bar and a cozy gas fireplace in the living room and a second fireplace in the master bedroom. ... Full Article...
   posted in Listings at Thu, 23 Jan 2014 05:00:00 -0700

Wednesday, January 22, 2014 - New Listing - C3597278

Just added this listing:"Don't miss this Homes By Avi former showhome in the wonderful community of Copperfield! This air conditioned home with 1800+ square feet has plenty of main floor upgrades including hardwood floors, 9' knockdown ceilings with built-in speakers, built-in mudroom cabinetry, stainless steel appliances and a beautiful stone faced fireplace in the living room. Upstairs features three large bedrooms, a laundry room with sink, a five piece ensuite in the master bedroom with ... Full Article...
   posted in Listings at Wed, 22 Jan 2014 05:00:00 -0700

Wednesday, January 22, 2014 - Just Sold - C3596674

Just sold this listing:"Looking for a home with nearly 2600 square feet with a walkout backing onto green space with a large wrap around deck with a sunny, southern exposure? This home has all the upgrades with the main floor featuring granite counter tops, cappuccino stained maple cabinets, gorgeous hardwood floors, California textured 9' ceilings with speakers, gas fireplace and a full sized laundry room with sink. Follow the wrought iron up the stairs to a large bonus room with vaulted ...
   posted in Listings at Wed, 22 Jan 2014 05:00:00 -0700

Tuesday, January 21, 2014 - Just Sold - C3596101

Just sold this listing:"OPEN HOUSE: SUNDAY JANUARY 12th - 1:30-3:30pm! Here is a great opportunity to own a wonderfully maintained 3 bedroom 4 level split with walk out in the southwest community of Silverado! This very bright and spacious home features main floor vaulted ceilings, maple stained kitchen cabinets with island and breakfast eating bar, three bedrooms on the upper level with a four piece bathroom and a bright rec room on the third level with a walk out to the back yard. Plenty of ... Full Article...
   posted in Listings at Tue, 21 Jan 2014 05:00:00 -0700

Thursday, January 16, 2014 - New Listing - C3596632

Just added this listing:"OPEN HOUSE: January 18th from 12pm-4pm! A great opportunity to own a fantastic home with all the upgrades in the popular community of New Brighton! Located across the street from a park this home features hardwood floors, stainless steel appliances, dark stained kitchen cabinets, an island with breakfast eating bar, large dining area and a cozy gas fireplace with mosaic tile surround. Upstairs there are three large bedrooms and two full bathrooms including a private ... Full Article...
   posted in Listings at Thu, 16 Jan 2014 05:00:00 -0700

Thursday, January 16, 2014 - New Listing - C3596674

Just added this listing:"Looking for a home with nearly 2600 square feet with a walkout backing onto green space with a large wrap around deck with a sunny, southern exposure? This home has all the upgrades with the main floor featuring granite counter tops, cappuccino stained maple cabinets, gorgeous hardwood floors, California textured 9' ceilings with speakers, gas fireplace and a full sized laundry room with sink. Follow the wrought iron up the stairs to a large bonus room with vaulted ...
   posted in Listings at Thu, 16 Jan 2014 05:00:00 -0700

Wednesday, January 15, 2014 - New Listing - C3596479

Just added this listing:"Location, Location, Location! Here is your chance to live in the heart of one of Calgary's most trendy shopping districts, Marda Loop! This wonderfully maintained unit features gorgeous slate tile flooring, california textured knockdown ceilings, stainless steel appliances in a modern style kitchen with glass mosaic back splash, pendant lighting over the island with breakfast bar and a cozy gas fireplace in the living room and a second fireplace in the master bedroom. ... Full Article...
   posted in Listings at Wed, 15 Jan 2014 05:00:00 -0700

Wednesday, January 15, 2014 - New Listing - C3596466

Just added this listing:"A great opportunity to own a wonderfully maintained and fully finished townhouse with a single attached garage in the popular southwest community of Bridlewood! This home is in excellent condition and features an open concept with a bright and spacious living room with 13' ceilings, a corner gas fireplace and also leads to the sunny southwest facing deck perfect for those summer barbecues. The kitchen has plenty of cabinet space, maple cabinets, tile back splash and a ... Full Article...
   posted in Listings at Wed, 15 Jan 2014 05:00:00 -0700

Saturday, January 11, 2014 - New Listing - C3596101

Just added this listing:"OPEN HOUSE: SUNDAY JANUARY 12th - 1:30-3:30pm! Here is a great opportunity to own a wonderfully maintained 3 bedroom 4 level split with walk out in the southwest community of Silverado! This very bright and spacious home features main floor vaulted ceilings, maple stained kitchen cabinets with island and breakfast eating bar, three bedrooms on the upper level with a four piece bathroom and a bright rec room on the third level with a walk out to the back yard. Plenty of ... Full Article...
   posted in Listings at Sat, 11 Jan 2014 05:00:00 -0700

1 - 15 of 15

Archives

Categories

Listings (468)