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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Sunday, August 31, 2014 - Just Sold - C3631548

Just sold this listing:"Don't miss this wonderful opportunity to own a spacious 2 bedroom and 2 bathroom unit with secured indoor parking in the popular inner-city community of Crescent Heights! Located just five minutes from downtown this unit features a bright and open floor plan with 9 foot ceilings, stainless steel appliances, laminate flooring, kitchen island with a breakfast eating bar, corner gas fireplace in the living room and French doors leading to the sunny, west facing balcony with ... Full Article...
   posted in Listings at Sun, 31 Aug 2014 06:00:00 -0600

Friday, August 29, 2014 - Just Sold - C3629274

Just sold this listing:"OPEN HOUSE SAT. AUG. 9, 2-4PM Welcome to the established inner city neighborhood of West Hillhurst. With almost 3000 sq.ft. of developed space this warm and cozy interior features an open floor plan , with french doors at the front and back, allowing your living space to expand outdoors. Features include newly refinished Hardwood flooring. This home feature 9' ceilings (vaulted on the upper level), tile, hardwood and cork flooring. The kitchen has custom maple cabinets, ... Full Article...
   posted in Listings at Fri, 29 Aug 2014 06:00:00 -0600

Wednesday, August 27, 2014 - New Listing - C3633055

Just added this listing:"Located in the heart of Copperfield this great opportunity situated on a quiet street sits just around the corner from the community centre, parks, the pond and the outdoor ice rink! This three bedroom and 2.5 bath home features hardwood floors, gas fireplace in the living room, a large kitchen island for added counter space and a large dining area perfect for entertaining. Upstairs there are three spacious bedrooms including a large master with a private three piece ... Full Article...
   posted in Listings at Wed, 27 Aug 2014 06:00:00 -0600

Sunday, August 24, 2014 - Just Sold - C3629281

Just sold this listing:"Open House: August 9th: 2:30-4:30pm. Here's a fantastic 3 bedroom, 2.5 bathroom townhouse in pristine condition in the wonderful community of New Brighton. This bright and spacious, open concept unit features rich espresso kitchen cabinetry with breakfast eating bar, black appliances, decorative tile back splash, modern lighting fixtures, 9 foot ceilings, neutral designer paint colours and a balcony just off the kitchen. Upstairs there are three spacious bedrooms, ...
   posted in Listings at Sun, 24 Aug 2014 06:00:00 -0600

Wednesday, August 20, 2014 - Just Sold - C3625475

Just sold 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 Wed, 20 Aug 2014 06:00:00 -0600

Tuesday, August 19, 2014 - New Listing - C3631819

Just added this listing:"OPEN HOUSE: Sunday, September 7th from 2:30pm-4:30pm! A wonderful opportunity to own a 3 bedroom and 2.5 bathroom home in immaculate condition located on a quiet street with a west facing back yard in the award winning community of McKenzie Towne! The main floor is bright and spacious with an open concept and features gorgeous hardwood floors, dark cappuccino kitchen cabinetry with black appliances and decorative pendant lighting over the island offering plenty of prep ... Full Article...
   posted in Listings at Tue, 19 Aug 2014 06:00:00 -0600

Sunday, August 17, 2014 - New Listing - C3631548

Just added this listing:"Don't miss this wonderful opportunity to own a spacious 2 bedroom and 2 bathroom unit with secured indoor parking in the popular inner-city community of Crescent Heights! Located just five minutes from downtown this unit features a bright and open floor plan with 9 foot ceilings, stainless steel appliances, laminate flooring, kitchen island with a breakfast eating bar, corner gas fireplace in the living room and French doors leading to the sunny, west facing balcony ... Full Article...
   posted in Listings at Sun, 17 Aug 2014 06:00:00 -0600

Friday, August 15, 2014 - Just Sold - C3629225

Just sold this listing:"Don't miss this fully finished 4 bedroom and 3.5 bathroom home located on a quiet street and situated on a massive 800+ square metre pie shaped lot in the wonderful community of Copperfield! The main floor features plenty of upgrades including hardwood floors, stainless steel appliances including a gas stove, granite counter tops and a tile faced gas fireplace in the living room. The upper level offers a large bonus room and 3 generously sized bedrooms including the ...
   posted in Listings at Fri, 15 Aug 2014 06:00:00 -0600

Tuesday, August 12, 2014 - Just Sold - C3629275

Just sold this listing:"OPEN HOUSE: Aug. 3rd 2:30p-4:30pm. Located on a quiet street in the award winning community of McKenzie Towne, this 4 bedroom home with 2.5 baths is the one you've been looking for! Close to 130th Avenue and just down the street from the McKenzie Towne School makes this a great place for the family to call "Home"! The main floor offers an open concept with laminate floors, maple shaker style cabinets in the kitchen with a breakfast eating bar, black appliances and a ...
   posted in Listings at Tue, 12 Aug 2014 06:00:00 -0600

Friday, August 1, 2014 - New Listing - C3629281

Just added this listing:"Open House: August 9th: 2:30-4:30pm. Here's a fantastic 3 bedroom, 2.5 bathroom townhouse in pristine condition in the wonderful community of New Brighton. This bright and spacious, open concept unit features rich espresso kitchen cabinetry with breakfast eating bar, black appliances, decorative tile back splash, modern lighting fixtures, 9 foot ceilings, neutral designer paint colours and a balcony just off the kitchen. Upstairs there are three spacious bedrooms, ...
   posted in Listings at Fri, 01 Aug 2014 06:00:00 -0600

Friday, August 1, 2014 - New Listing - C3629274

Just added this listing:"OPEN HOUSE SAT. AUG. 9, 2-4PM Welcome to the established inner city neighborhood of West Hillhurst. With almost 3000 sq.ft. of developed space this warm and cozy interior features an open floor plan , with french doors at the front and back, allowing your living space to expand outdoors. Features include newly refinished Hardwood flooring. This home feature 9' ceilings (vaulted on the upper level), tile, hardwood and cork flooring. The kitchen has custom maple cabinets, ... Full Article...
   posted in Listings at Fri, 01 Aug 2014 06:00:00 -0600

Friday, August 1, 2014 - New Listing - C3629225

Just added this listing:"Don't miss this fully finished 4 bedroom and 3.5 bathroom home located on a quiet street and situated on a massive 800+ square metre pie shaped lot in the wonderful community of Copperfield! The main floor features plenty of upgrades including hardwood floors, stainless steel appliances including a gas stove, granite counter tops and a tile faced gas fireplace in the living room. The upper level offers a large bonus room and 3 generously sized bedrooms including the ... Full Article...
   posted in Listings at Fri, 01 Aug 2014 06:00:00 -0600

Friday, August 1, 2014 - Just Sold - C3624071

Just sold 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 Fri, 01 Aug 2014 06:00:00 -0600

Friday, August 1, 2014 - New Listing - C3629275

Just added this listing:"OPEN HOUSE: Aug. 3rd 2:30p-4:30pm. Located on a quiet street in the award winning community of McKenzie Towne, this 4 bedroom home with 2.5 baths is the one you've been looking for! Close to 130th Avenue and just down the street from the McKenzie Towne School makes this a great place for the family to call "Home"! The main floor offers an open concept with laminate floors, maple shaker style cabinets in the kitchen with a breakfast eating bar, black appliances and a ... Full Article...
   posted in Listings at Fri, 01 Aug 2014 06:00:00 -0600

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