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 - 12 of 12

Saturday, November 29, 2014 - Just Sold - C3644811

Just sold this listing:"Located on a quiet street and just steps away from the school, transit and Nose Hill Park has this four bedroom home situated in a perfect setting for you and your family! This four level split features a large living room on the main floor with laminate floors leading into the open concept kitchen with breakfast eating bar and plenty of cabinets and counter space. There are three spacious bedrooms on the upper level with loads of closet space and a common four piece ... Full Article...
   posted in Listings at Sat, 29 Nov 2014 05:00:00 -0700

Wednesday, November 26, 2014 - New Listing - C3644811

Just added this listing:"Located on a quiet street and just steps away from the school, transit and Nose Hill Park has this four bedroom home situated in a perfect setting for you and your family! This four level split features a large living room on the main floor with laminate floors leading into the open concept kitchen with breakfast eating bar and plenty of cabinets and counter space. There are three spacious bedrooms on the upper level with loads of closet space and a common four piece ... Full Article...
   posted in Listings at Wed, 26 Nov 2014 05:00:00 -0700

Monday, November 24, 2014 - Just Sold - C3637282

Just sold this listing:"OPEN HOUSE: SUNDAY NOV. 2nd 2:30pm-4:30pm. A great opportunity to own a 3 bedroom and 2.5 bathroom home in pristine condition with a walk out and breath taking views of the Rocky Mountains! This home has been meticulous kept and is just like new! The main floor offers and entertaining open concept with modern d?cor such as grey laminate floors, dark kitchen cabinets, stainless steel appliances, mosaic glass tile back splash and decorative pendant lighting over the ...
   posted in Listings at Mon, 24 Nov 2014 05:00:00 -0700

Thursday, November 20, 2014 - New Listing - C3644324

Just added this listing:"Here is a great opportunity to own a wonderful two storey, two bedroom townhouse which has been recently renovated and is vacant and ready for a quick possession. The main floor features a spacious living room lit up with sunny, south facing windows, a large dining area just off the kitchen which features new counter tops, a new back splash with glass subway tile and new cabinet hardware on the recently restored kitchen cabinets. upstairs there are two spacious bedrooms ... Full Article...
   posted in Listings at Thu, 20 Nov 2014 05:00:00 -0700

Monday, November 17, 2014 - Just Sold - C3642703

Just sold this listing:"You don't want to miss this immaculate home that backs on to the ravine and has downtown views to wake up to each morning. The main floor has a 2 storey vaulted greatroom with drywall builtins, and cozy gas fireplace, kitchen, and large breakfast nook. Don't forget the deck off the kitchen to enjoy those warm summer evenings and private setting. The second floor has a large spacious master bedroom, 5pc ensuite with soaker tub, good size walkin closet, and 2 other decent ... Full Article...
   posted in Listings at Mon, 17 Nov 2014 05:00:00 -0700

Wednesday, November 12, 2014 - Just Sold - C3634270

Just sold this listing:"OPEN HOUSE: OCT. 11th from 2:30pm-4:30pm! Built by Metropolitan Homes with all the upgrades on a corner lot in the popular community of Capitol Hill! Main floor highlights of this fully finished two storey with 4 bedrooms and 3.5 baths includes gorgeous hardwood floors throughout, quartz counter tops in the kitchen and right to the floor on the large kitchen island with decorative pendant lighting fixtures, high end Jenn-Air appliances including a gas cook top and built ... Full Article...
   posted in Listings at Wed, 12 Nov 2014 05:00:00 -0700

Wednesday, November 12, 2014 - New Listing - C3643616

Just added this listing:"With nearly 3000 square feet above grade, this 5 bedroom home with 3.5 baths comes with a walk-out offering a separate entrance to a fully finished basement which featuring a second kitchen perfect for the Mother in Law or Nanny (illegal suite). Highlights of this home includes hardwood floors, textured ceilings, raised maple kitchen cabinets with centre island and granite counter tops, wrought iron on the staircase, 18' cathedral ceilings and a jetted tub in the master ... Full Article...
   posted in Listings at Wed, 12 Nov 2014 05:00:00 -0700

Monday, November 10, 2014 - New Listing - C3643169

Just added this listing:"Spectacular fully finished home with nearly 4000 square feet above grade and a developed basement in a quiet cul de sac right on the ridge over looking Fish Creek Park with breath taking valley and mountain views! Highlights of this home include custom built ins, Legacy cherry cabinets and granite counters in the kitchen. Crown moulding, built in sound system, air conditioning, steam shower, heated floors, custom staircase, triple garage and much more! Call to view ...
   posted in Listings at Mon, 10 Nov 2014 05:00:00 -0700

Thursday, November 6, 2014 - New Listing - C3642703

Just added this listing:"You don't want to miss this immaculate home that backs on to the ravine and has downtown views to wake up to each morning. The main floor has a 2 storey vaulted greatroom with drywall builtins, and cozy gas fireplace, kitchen, and large breakfast nook. Don't forget the deck off the kitchen to enjoy those warm summer evenings and private setting. The second floor has a large spacious master bedroom, 5pc ensuite with soaker tub, good size walkin closet, and 2 other decent ... Full Article...
   posted in Listings at Thu, 06 Nov 2014 05:00:00 -0700

Thursday, November 6, 2014 - Just Sold - C3640837

Just sold this listing:"Don't miss the great opportunity to own a wonderful three bedroom bungalow with an attached garage located on a quiet street with mature trees in a park like area of High River. Backing onto green space, this home offers plenty of privacy and peace and quiet you have been looking for. The main floor features a spacious living room with a gas fireplace, laminate floors and a large bright south facing window offering plenty of natural light. The kitchen is spacious and has ... Full Article...
   posted in Listings at Thu, 06 Nov 2014 05:00:00 -0700

Monday, November 3, 2014 - New Listing - C3642305

Just added this listing:"*OPEN HOUSE SUNDAY, NOVEMBER 9, 2:30-4:30pm.* Here is an opportunity to own a charming 2 bedroom bungalow located on a large 7100 sq ft lot. You will find 2 good-sized bedrooms on the main level and a newly renovated 4 pc bathroom. In addition, you will appreciate the open concept feel of the bright living room and kitchen. Enjoy the quiet setting surrounded by amazing breathtaking views of greenery, flowers and trees. By evening, enjoy watching the sun set on your back ... Full Article...
   posted in Listings at Mon, 03 Nov 2014 05:00:00 -0700

Saturday, November 1, 2014 - Just Sold - C3636641

Just sold this listing:"OPEN HOUSE: Oct. 25th 2:30pm-4:30pm. Come see this wonderful 4 bedroom and 3.5 bath two storey home with a fully finished basement located across the street from green space in the northwest community of Kincora! Highlights on the main floor include granite counter tops, black appliances a cozy gas fireplace in the living room and a large dining nook area. Upstairs there is a large bonus room and three sizeable bedrooms including the master with a 5 piece en-suite ...
   posted in Listings at Sat, 01 Nov 2014 06:00:00 -0600

1 - 12 of 12

Archives

Categories

Listings (468)