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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Saturday, June 28, 2014 - New Listing - C3624071

Just added this listing:"Located in one of Calgary's more trendy inner city communities of West Hillhurst, this condo is just a quick walk to all the shops and restaurants in Kensington and is only a few minutes from downtown and the river pathways! This bright and spacious west facing 2 bed and 2 bath corner unit with open concept and 9 foot ceilings has been fully renovated with all the modern finishes and shows a 10/10! Highlights of this condo include new carpet and laminate flooring, ...
   posted in Listings at Sat, 28 Jun 2014 06:00:00 -0600

Friday, June 27, 2014 - New Listing - C3623923

Just added this listing:"OPEN HOUSE: JUNE 28th 2pm-4pm! Don't miss this great opportunity to own a wonderful two storey home just down the street from the school in the popular southeast community of Copperfield! Highlights from the open concept main floor include hardwood floors throughout, upgraded stainless steel appliances, spacious maple kitchen with island and breakfast eating bar as well as a cozy gas fireplace in the living room. Upstairs there are three generously sized bedrooms ...
   posted in Listings at Fri, 27 Jun 2014 06:00:00 -0600

Saturday, June 21, 2014 - Just Sold - C3618896

Just sold this listing:"Don't miss this great opportunity to own a wonderful 2 storey home on a quiet street and backing onto a park in the growing southeast community of Copperfield! This home has a bright and functional open concept floor plan featuring a spacious living room with cozy gas fireplace, a dining area just off the kitchen with black appliances and plenty of cabinets and counter space. The sliding patio door will lead you to the back yard with lots of room for a double detached ... Full Article...
   posted in Listings at Sat, 21 Jun 2014 06:00:00 -0600

Monday, June 16, 2014 - Just Sold - C3614263

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 Mon, 16 Jun 2014 06:00:00 -0600

Tuesday, June 10, 2014 - Just Sold - C3612517

Just sold this listing:"OPEN HOUSE: MAY 17th 2:30-4:30pm! This 3 bedroom and 2.5 bath home shows pride in ownership and is situated on a large pie lot with RV parking on a quiet street in the wonderful community of Thorburn! Highlights of this home include hardwood floors, vaulted ceilings, large kitchen with plenty of cabinets and island for added counter space as well as a corner gas fireplace in the family room. The three bedrooms are quite spacious including the master which has plenty of ... Full Article...
   posted in Listings at Tue, 10 Jun 2014 06:00:00 -0600

Monday, June 9, 2014 - Just Sold - C3617762

Just sold this listing:"Here's an outstanding renovated five bedroom bungalow located on a quiet cul de sac just steps for the LRT in the wonderful southwest community of Canyon Meadows! This home features an open floor plan on the main level with birch hardwood floors, a newer kitchen with breakfast eating bar, a wood burning fireplace in the dining area, newer light fixtures, a common four piece bathroom and three large bedrooms including the master with a private two piece ensuite. The lower ... Full Article...
   posted in Listings at Mon, 09 Jun 2014 06:00:00 -0600

Saturday, June 7, 2014 - Just Sold - C3618151

Just sold this listing:"Open House has been CANCELED. You won't want to miss this fully updated 2 storey home in Sandstone. The main floor has a front entry, kitchen with newer cabinets and counter tops, black appliances and an eating area. A 2 piece bathroom with updated vanity and good sized living room complete the main floor. The living room has a corner gas fireplace and French doors that let in plenty of light and open up to your back deck and fenced yard. Upstairs you will find 3 ...
   posted in Listings at Sat, 07 Jun 2014 06:00:00 -0600

Friday, June 6, 2014 - Just Sold - C3615178

Just sold this listing:"Welcome to this cozy 2 storey, 3 bedroom end unit. The open concept main floor boasts brand new laminate flooring. You will immediately feel at home in the spacious living room leading to the private yard and patio. The bright kitchen and dining room are perfect for entertaining. Upstairs, you will find 3 good-sized bedrooms and the large bathroom. The washer and dryer are also located upstairs for your laundry convenience. This would be the perfect "starter" home. Don't ... Full Article...
   posted in Listings at Fri, 06 Jun 2014 06:00:00 -0600

Monday, June 2, 2014 - New Listing - C3618896

Just added this listing:"Don't miss this great opportunity to own a wonderful 2 storey home on a quiet street and backing onto a park in the growing southeast community of Copperfield! This home has a bright and functional open concept floor plan featuring a spacious living room with cozy gas fireplace, a dining area just off the kitchen with black appliances and plenty of cabinets and counter space. The sliding patio door will lead you to the back yard with lots of room for a double detached ... Full Article...
   posted in Listings at Mon, 02 Jun 2014 06:00:00 -0600

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