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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Thursday, July 31, 2014 - Just Sold - C3625774

Just sold this listing:"Looking for a two bed and two bathroom condo in immaculate shape and in a fantastic location with loads of privacy? This is the condo for you! Located just down the street from the south LRT line, a quick walk to all the shops, restaurants and fitness centre in Shawnessy makes this a great place to call home! This open concept unit shows 10/10 and has been freshly painted and features brand new laminate floors, new baseboards and casings, new lighting fixtures, renovated ... Full Article...
   posted in Listings at Thu, 31 Jul 2014 06:00:00 -0600

Wednesday, July 30, 2014 - Just Sold - C3628337

Just sold this listing:"Here's a spectacular 2 storey home located on a quiet street with a sunny west facing back yard in the wonderful NW community of Valley Ridge. Highlights of the main floor include hardwood floors throughout, cathedral ceilings in the living room with two stories of windows, gas fireplace, a den at the front door perfect for a home office and a spacious kitchen with large nook area featuring an island with pendant lighting and plenty of cabinet, storage and counter space. ... Full Article...
   posted in Listings at Wed, 30 Jul 2014 06:00:00 -0600

Saturday, July 26, 2014 - New Listing - C3628337

Just added this listing:"Here's a spectacular 2 storey home located on a quiet street with a sunny west facing back yard in the wonderful NW community of Valley Ridge. Highlights of the main floor include hardwood floors throughout, cathedral ceilings in the living room with two stories of windows, gas fireplace, a den at the front door perfect for a home office and a spacious kitchen with large nook area featuring an island with pendant lighting and plenty of cabinet, storage and counter ...
   posted in Listings at Sat, 26 Jul 2014 06:00:00 -0600

Saturday, July 26, 2014 - Just Sold - C3625586

Just sold this listing:"Don't miss this 12th floor unit at University City with all the upgrades and sunny south facing views of the mountains! This two bedroom unit 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 building also offers a ...
   posted in Listings at Sat, 26 Jul 2014 06:00:00 -0600

Thursday, July 17, 2014 - Just Sold - C3624955

Just sold this listing:"Here's a great opportunity to own a wonderful 2 bedroom, open concept unit that has been wonderfully maintained in the award winning community of McKenzie Towne! Highlights of this unit includes new laminate floors, white kitchen with plenty of storage and a breakfast eating bar open to the living room with pendant lighting, front loading insuite laundry, and a large covered balcony for enjoying those sunny, summer days. The two bedrooms are very spacious and the there ... Full Article...
   posted in Listings at Thu, 17 Jul 2014 06:00:00 -0600

Thursday, July 10, 2014 - New Listing - C3625774

Just added this listing:"Looking for a two bed and two bathroom condo in immaculate shape and in a fantastic location with loads of privacy? This is the condo for you! Located just down the street from the south LRT line, a quick walk to all the shops, restaurants and fitness centre in Shawnessy makes this a great place to call home! This open concept unit shows 10/10 and has been freshly painted and features brand new laminate floors, new baseboards and casings, new lighting fixtures, ...
   posted in Listings at Thu, 10 Jul 2014 06:00:00 -0600

Wednesday, July 9, 2014 - New Listing - C3625586

Just added this listing:"Don't miss this 12th floor unit at University City with all the upgrades and sunny south facing views of the mountains! This two bedroom unit 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 building also offers a ...
   posted in Listings at Wed, 09 Jul 2014 06:00:00 -0600

Tuesday, July 8, 2014 - New Listing - C3625475

Just added this listing:"Don't miss this beautiful, well-kept, 2-storey home located in a quiet cul-de-sac in the popular family-friendly southeast community of Copperfield. The open concept main floor includes a vaulted ceiling entrance, a cozy living room and a family room area with a fireplace perfect for entertaining. The kitchen has oak trimming and features a spacious eating area. Upstairs there are 3 generously sized bedrooms including the master which features a four piece ensuite and ... Full Article...
   posted in Listings at Tue, 08 Jul 2014 06:00:00 -0600

Monday, July 7, 2014 - Just Sold - C3623923

Just sold 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 Mon, 07 Jul 2014 06:00:00 -0600

Friday, July 4, 2014 - New Listing - C3624955

Just added this listing:"Here's a great opportunity to own a wonderful 2 bedroom, open concept unit that has been wonderfully maintained in the award winning community of McKenzie Towne! Highlights of this unit includes new laminate floors, white kitchen with plenty of storage and a breakfast eating bar open to the living room with pendant lighting, front loading insuite laundry, and a large covered balcony for enjoying those sunny, summer days. The two bedrooms are very spacious and the there ... Full Article...
   posted in Listings at Fri, 04 Jul 2014 06:00:00 -0600

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