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, March 31, 2014 - New Listing - C3607130

Just added this listing:"Don't miss this 12th floor unit at University City with all the upgrades and sunny west facing views of the mountains! This two bedroom unit with two full bathrooms with central air conditioning features all the best selections including granite counter tops, laminate flooring, stainless steel appliances and dark stained maple kitchen cabinets. This unit also comes with a heated, underground, titled parking stall as well as the convenience of a storage locker. This ...
   posted in Listings at Mon, 31 Mar 2014 06:00:00 -0600

Friday, March 28, 2014 - New Listing - C3606608

Just added this listing:"OPEN HOUSE: March 29th from 2pm-4pm. Here's your chance to own the popular Malibu 4 by Beattie Homes on a quiet street with a sunny south facing back yard in the community of New Brighton. Just steps away from the future New Brighton school, the community centre and quick access to the Calgary Transit BRT situates this home in the perfect location. The main floor of this home has an open concept and highlights include beautiful walnut hardwood floors, stainless steel ... Full Article...
   posted in Listings at Fri, 28 Mar 2014 06:00:00 -0600

Friday, March 28, 2014 - Just Sold - C3605593

Just sold this listing:"OPEN HOUSE: March 22nd from 2:00pm-4:00pm. This 3 bedroom and 2.5 bathroom home is located on a quiet cul-de-sac on a massive pie shaped lot with a walkout in the popular family community of Coventry Hills! The main floor features a newer IKEA kitchen with a large island for added counter space, laminate flooring in the large and spacious living room, newer lighting fixtures and a sliding patio door leading out to a large balcony overlooking a huge pie shaped lot with ... Full Article...
   posted in Listings at Fri, 28 Mar 2014 06:00:00 -0600

Friday, March 21, 2014 - New Listing - C3605593

Just added this listing:"OPEN HOUSE: March 22nd from 2:00pm-4:00pm. This 3 bedroom and 2.5 bathroom home is located on a quiet cul-de-sac on a massive pie shaped lot with a walkout in the popular family community of Coventry Hills! The main floor features a newer IKEA kitchen with a large island for added counter space, laminate flooring in the large and spacious living room, newer lighting fixtures and a sliding patio door leading out to a large balcony overlooking a huge pie shaped lot with ... Full Article...
   posted in Listings at Fri, 21 Mar 2014 06:00:00 -0600

Friday, March 21, 2014 - New Listing - C3605691

Just added this listing:"Act now on this amazing opportunity to own a modern 2 bedroom, 2 bathroom condo unit in the desirable community of Copperfield. This C1 floor plan by Brad Remington Homes is designed as a double master bedroom layout, featuring large bedrooms with full ensuites and custom upgrades including stainless steel appliances, granite countertops in kitchen, premium carpet, hardwood flooring, custom cabinets, over-sized R5 low e windows, a large balcony, a corner fireplace, ...
   posted in Listings at Fri, 21 Mar 2014 06:00:00 -0600

Thursday, March 20, 2014 - New Listing - C3605411

Just added this listing:"Open House: Saturday March 22nd from 2:00pm - 4:00pm. Here's a great opportunity to own a fabulously maintained 3 bedrooms, 2.5 bath townhouse with a single attached garage backing onto a sunny west facing green space with walk-out. This home features a bright and spacious living room with 18 foot ceilings, a corner gas fireplace and leads to the sunny west facing balcony overlooking green space. The kitchen has maple cabinetry, an island for more counter space and a ... Full Article...
   posted in Listings at Thu, 20 Mar 2014 06:00:00 -0600

Thursday, March 20, 2014 - Just Sold - C3603671

Just sold this listing:"Don't miss this wonderful 2 storey home with breathtaking mountain views, a walkout to a sunny west facing back yard and a single attached garage in the popular community of Sunset Ridge! The main floor with open concept features a spacious kitchen with granite counter tops, black appliances including a gas stove, large pantry and an oversized island with breakfast eating bar. The living room and dining area have laminate floors and there is a nice sized deck off the ... Full Article...
   posted in Listings at Thu, 20 Mar 2014 06:00:00 -0600

Tuesday, March 18, 2014 - New Listing - C3604969

Just added this listing:"Don't miss this amazing 4 bedroom home with over 2400 square feet above grade with a south facing back yard in the quiet northwest community of Kincora! Highlights of this home on the main level include a formal dining area, a den perfect for a home office, gorgeous hardwood floors, granite counter tops, stainless steel appliances, 9 foot ceilings, cappuccino stained cabinets, upgraded lighting fixtures, stoned faced gas fireplace in the living room and much more. ...
   posted in Listings at Tue, 18 Mar 2014 06:00:00 -0600

Monday, March 17, 2014 - Just Sold - C3603289

Just sold this listing:"OPEN HOUSE: March 8th from 2pm-4pm. A great opportunity for you to own a 3 bedroom and 3.5 bathroom two storey home located on a quiet street in the award winning community of McKenzie Towne! The main floor has an open concept and features a three sided fireplace between the spacious living room and the large nook area perfect for a large dining table. The kitchen features a center island, walk-in pantry, plenty of cabinet storage and a sliding patio door leading to the ... Full Article...
   posted in Listings at Mon, 17 Mar 2014 06:00:00 -0600

Saturday, March 15, 2014 - Just Sold - C3603275

Just sold this listing:"OPEN HOUSE: March 8th from 2pm-4pm! Don't miss this fully finished 2 storey air conditioned home with 4 bedrooms and 3.5 baths located on a quiet street in the popular community of New Brighton! The main floor has an open concept and features hardwood floors, granite counter tops, stainless steel appliances, large kitchen island with breakfast eating bar and a stone-faced gas fireplace in the living room. Upstairs there is a large and bright bonus room with vaulted ...
   posted in Listings at Sat, 15 Mar 2014 06:00:00 -0600

Friday, March 14, 2014 - Just Sold - C3597564

Just sold 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, 14 Mar 2014 06:00:00 -0600

Thursday, March 13, 2014 - New Listing - C3604535

Just added this listing:"*OPEN HOUSE Sunday, March 16, 1:30-3:30pm* Don't miss this amazing opportunity to own a modern and contemporary 2 bedroom, 2 bathroom condo unit in the desirable community of Copperfield. This C2 floor plan by Brad Remington Homes is designed as a double master bedroom layout, featuring large bedrooms with full ensuites and custom upgrades including stainless steel appliances, granite countertops in kitchen and bathrooms, premium carpet, hardwood flooring, custom ...
   posted in Listings at Thu, 13 Mar 2014 06:00:00 -0600

Sunday, March 9, 2014 - New Listing - C3603671

Just added this listing:"Don't miss this wonderful 2 storey home with breathtaking mountain views, a walkout to a sunny west facing back yard and a single attached garage in the popular community of Sunset Ridge! The main floor with open concept features a spacious kitchen with granite counter tops, black appliances including a gas stove, large pantry and an oversized island with breakfast eating bar. The living room and dining area have laminate floors and there is a nice sized deck off the ... Full Article...
   posted in Listings at Sun, 09 Mar 2014 06:00:00 -0600

Friday, March 7, 2014 - New Listing - C3603289

Just added this listing:"OPEN HOUSE: March 8th from 2pm-4pm. A great opportunity for you to own a 3 bedroom and 3.5 bathroom two storey home located on a quiet street in the award winning community of McKenzie Towne! The main floor has an open concept and features a three sided fireplace between the spacious living room and the large nook area perfect for a large dining table. The kitchen features a center island, walk-in pantry, plenty of cabinet storage and a sliding patio door leading to the ... Full Article...
   posted in Listings at Fri, 07 Mar 2014 05:00:00 -0700

Friday, March 7, 2014 - Just Sold - C3598399

Just sold 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, 07 Mar 2014 05:00:00 -0700

Tuesday, March 4, 2014 - New Listing - C3603275

Just added this listing:"OPEN HOUSE: March 8th from 2pm-4pm! Don't miss this fully finished 2 storey air conditioned home with 4 bedrooms and 3.5 baths located on a quiet street in the popular community of New Brighton! The main floor has an open concept and features hardwood floors, granite counter tops, stainless steel appliances, large kitchen island with breakfast eating bar and a stone-faced gas fireplace in the living room. Upstairs there is a large and bright bonus room with vaulted ...
   posted in Listings at Tue, 04 Mar 2014 05:00:00 -0700

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