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 - 13 of 13

Tuesday, February 25, 2014 - Just Sold - C3597278

Just sold 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 deep ... Full Article...
   posted in Listings at Tue, 25 Feb 2014 05:00:00 -0700

Friday, February 21, 2014 - Just Sold - C3596466

Just sold 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 Fri, 21 Feb 2014 05:00:00 -0700

Friday, February 21, 2014 - Just Sold - C3599904

Just sold this listing:"A great opportunity to own a fantastic condo with lake privileges in the popular lake community of Crystal Shores! This unit with one bedroom + den features maple kitchen cabinets, breakfast eating bar, black appliances, 9' ceilings, in-floor heating, in-suite laundry, a walk through closet to the cheater en-suite and a balcony for enjoying that summer sun. This unit also comes with underground, heated parking (located close to underground wash bay, a storage unit and ... Full Article...
   posted in Listings at Fri, 21 Feb 2014 05:00:00 -0700

Tuesday, February 18, 2014 - Just Sold - C3600200

Just sold this listing:"This beautiful 2050 square foot home in the heart of Elgin Village in McKenzie Towne is the property you've been looking for! The main floor has an open concept living room, kitchen & dining area which is perfect for entertaining. The dark hardwood floors throughout the kitchen and dining area matched up to the light carpet in the living room gives the main floor a real sense of elegance. There is also a den on the main level that could either be used as a home office or ... Full Article...
   posted in Listings at Tue, 18 Feb 2014 05:00:00 -0700

Saturday, February 15, 2014 - Just Sold - C3599325

Just sold this listing:"Check out the breath taking view of Fish Creek Park! This wonderfully renovated 2 storey townhouse is located on the ridge over looking the ravine below in one of Canada's largest urban parks! Featuring gorgeous oak hardwood floors, wood burning fire place with slate tile surround, stainless steel under-mount sink with granite counter tops in the kitchen and in the fully renovated bathroom, stainless steel appliances, air conditioning, newer furnace and much more! The ... Full Article...
   posted in Listings at Sat, 15 Feb 2014 05:00:00 -0700

Saturday, February 15, 2014 - Just Sold - C3599338

Just sold this listing:"OPEN HOUSE-Sunday, February 9, 2-4pm. Beautiful and modern SHANE-built home located in the sought after family-oriented community of Saddleridge. This spacious 2-storey home features an open concept floorplan with tasteful upgrades including laminate flooring throughout, a large central island in the kitchen (perfect for entertaining), and a cozy living room area with a gas fireplace. The upstairs features a large master bedroom with extra room for office use or exercise ... Full Article...
   posted in Listings at Sat, 15 Feb 2014 05:00:00 -0700

Saturday, February 15, 2014 - Just Sold - C3599340

Just sold this listing:"OPEN HOUSE: FEBRUARY 8th - 2pm-4pm. Carriage Suite! Don't miss the chance to own a Victorian style, two storey home on a corner lot in the heart of Inverness in McKenzie Towne with a self contained, legal suite over the garage. With $1000 a month in rental potential to help with those mortgage payments this property is an incredible investment opportunity. The main floor features laminate floors, gas fireplace in the living room, a formal dining area and a large kitchen ... Full Article...
   posted in Listings at Sat, 15 Feb 2014 05:00:00 -0700

Thursday, February 13, 2014 - New Listing - C3600200

Just added this listing:"This beautiful 2050 square foot home in the heart of Elgin Village in McKenzie Towne is the property you've been looking for! The main floor has an open concept living room, kitchen & dining area which is perfect for entertaining. The dark hardwood floors throughout the kitchen and dining area matched up to the light carpet in the living room gives the main floor a real sense of elegance. There is also a den on the main level that could either be used as a home office ... Full Article...
   posted in Listings at Thu, 13 Feb 2014 05:00:00 -0700

Tuesday, February 11, 2014 - New Listing - C3599904

Just added this listing:"A great opportunity to own a fantastic condo with lake privileges in the popular lake community of Crystal Shores! This unit with one bedroom + den features maple kitchen cabinets, breakfast eating bar, black appliances, 9' ceilings, in-floor heating, in-suite laundry, a walk through closet to the cheater en-suite and a balcony for enjoying that summer sun. This unit also comes with underground, heated parking (located close to underground wash bay, a storage unit and ... Full Article...
   posted in Listings at Tue, 11 Feb 2014 05:00:00 -0700

Friday, February 7, 2014 - Just Sold - C3598380

Just sold 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 ...
   posted in Listings at Fri, 07 Feb 2014 05:00:00 -0700

Thursday, February 6, 2014 - New Listing - C3599338

Just added this listing:"OPEN HOUSE-Sunday, February 9, 2-4pm. Beautiful and modern SHANE-built home located in the sought after family-oriented community of Saddleridge. This spacious 2-storey home features an open concept floorplan with tasteful upgrades including laminate flooring throughout, a large central island in the kitchen (perfect for entertaining), and a cozy living room area with a gas fireplace. The upstairs features a large master bedroom with extra room for office use or ...
   posted in Listings at Thu, 06 Feb 2014 05:00:00 -0700

Thursday, February 6, 2014 - New Listing - C3599325

Just added this listing:"Check out the breath taking view of Fish Creek Park! This wonderfully renovated 2 storey townhouse is located on the ridge over looking the ravine below in one of Canada's largest urban parks! Featuring gorgeous oak hardwood floors, wood burning fire place with slate tile surround, stainless steel under-mount sink with granite counter tops in the kitchen and in the fully renovated bathroom, stainless steel appliances, air conditioning, newer furnace and much more! The ... Full Article...
   posted in Listings at Thu, 06 Feb 2014 05:00:00 -0700

Thursday, February 6, 2014 - New Listing - C3599340

Just added this listing:"OPEN HOUSE: FEBRUARY 8th - 2pm-4pm. Carriage Suite! Don't miss the chance to own a Victorian style, two storey home on a corner lot in the heart of Inverness in McKenzie Towne with a self contained, legal suite over the garage. With $1000 a month in rental potential to help with those mortgage payments this property is an incredible investment opportunity. The main floor features laminate floors, gas fireplace in the living room, a formal dining area and a large kitchen ... Full Article...
   posted in Listings at Thu, 06 Feb 2014 05:00:00 -0700

1 - 13 of 13

Archives

Categories

Listings (468)