Patience required on the road to Calgary’s housing market recovery

Recent struggles in the job market, accompanied by yet another interest rate increase, is piling on to the decisions potential purchasers have to make in the housing market. The month of July saw 1,547 units sold in Calgary, nearly five per cent below last year. New listings eased to 2,964 units, causing inventories to total…

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Mid-Year Calgary market update shows stability

The first-half of 2017 marked a shift in Alberta’s economy from recession to recovery, with conditions supporting stability rather than expansion. “Economic challenges continue to exist, as high unemployment rates, weak migration levels and more stringent lending conditions are weighing on the housing market,” said CREB® chief economist Ann-Marie Lurie. “This will continue to cause…

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Market remains balanced despite easing in absorption rates

Supply gain in apartment sector threatens to impact price Declines in residential housing sales activity eased in July, creating, when combined with stable inventory levels, no change to the month-over-month price. Year-over-year sales fell by 14 per cent to 1,995 units in July, compared to a 17.8 per cent decrease the previous month. Despite the…

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Housing market expected to be stable in 2015

While the recent drop in oil prices has caused speculation about implications for the housing sector, stable conditions are expected given current forecasts for employment and migration. “While employment and migration are expected to support housing demand, estimates could change depending on the extent and duration of oil price declines,” said Ann-Marie Lurie, CREB®’s chief…

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New Home Buyer Protection Act Of Alberta

In early 2014, the New Home Buyer Protection Act will come into force. The intent of the legislation is to improve consumer protection and recourse options, increase builder accountability, and raise the standard of residential construction in Alberta. While the Act does not place any new obligations on Alberta’s REALTORS®, this article discusses important aspects…

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June sales exceed expectations however flood outcome on the market is still to be determined

Calgary, July 2, 2013 – Sales activity in June exceeded growth expectations. City of Calgary monthly residential sales totaled 2,317, a six per cent increase over June 2012 figures, and nearly five per cent higher than levels recorded in the first half of 2012. However, the impact of recent flooding is expected to trickle into…

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Calgary resale market reaching normal as 2012 saw end to four years of weaker sales activity

Residential real estate sales in the city of Calgary ended the year on a high note, with sales volume up 15 per cent in 2012 compared to 2011, and benchmark prices up five per cent. “Calgary’s housing market has finally started to recover,” said Ann-Marie Lurie, CREB®’s chief economist. “While prices remain shy of the…

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Calgary housing market does not show signs of slowing

Year-over-year sales growth remains in double digit territory Calgary, Nov. 1, 2012 – City of Calgary sales activity marked a 23-per-cent increase over levels recorded in October 2011. The continued improvement in sales has pushed year-to-date sales activity to nearly 16-per-cent above levels recorded in 2011. “Relative to national trends, we continue to move in…

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Calgary real estate bucks national trend

Calgary, August 1, 2012 – Calgary continues to buck national housing sale trends. The 1,936 residential units sold in July represent a 21.3-per-cent increase over 2011. “Recent mortgage rule changes prompted much discussion of a national housing correction. While the two largest cities (Vancouver and Toronto) have started to witness declines in home sales activity,…

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Calgary Home in the desirables neighbourhood of Britannia sells for $1,000,0000 over the asking price due to competing offers.

Original Article by Mario Toneguzzi, Calgary Herald It is a testament to Calgary’s strong luxury home market. An upscale Britannia home recently sold for $6 million in just days, as multiple bids upped the price by $1 million from its original listing, making it the third most expensive MLS sale ever in the city, the…

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“Pending” issue explained by the Chair of the CREB® Professional Standards Steering Committee

This issue has caused a lot of controversy recently, but the article below provides further context on the reasons for the change. By Doug MacCallum Recently, we submitted a motion to the board of directors to implement changes to rule and regulation 18.02. We kept the original rule (to report all conditional sales) and expanded…

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Calgary MLS® Housing Price Index (HPI) Explained

The MLS® Housing Price Index (HPI) is coming to Calgary in February, as part of a nationwide rollout involving boards in Canada’s largest cities. This new monthly price measure will enable Realtors to better determine real price changes. Many Realtors have experienced a scenario where the monthly average price increased by five per cent, and your…

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Changes To Conditional Sale Status For Sellers Listings On Calgary MLS May Frustrate Buyers and Realtors

On January 1, 2012, the Calgary Real Estate Board introduced new and significantly different operational procedures on how our industry reports the status of a current listing on the market. Prior to this date, all conditional offers on listings were to be reported as Conditionally SOLD with only the exception of a special clause offer that…

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October 2011 Monthly Statistics / CALGARY’S HOUSING MARKET SET TO OUTPACE 2010

Several Calgary Communities Get a Boost in Sales and Price Calgary, November 1, 2011 – According to figures released today by CREB® (Calgary Real Estate Board), Calgary residential sales totaled 16,184 after the first 10 months of the year, an increase of eight per cent over last year. Over 61 per cent of Calgary’s established…

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June 2011 Statistics

CONDO AND HOME SALES FIND THEIR FOOTING First year-over-year increase in monthly condominium sales since April 2010 Calgary, July 4, 2011 – According to figures released today by CREB® (Calgary Real Estate Board), residential sales surged in the month of June 2011 to 1,979 units. While this indicates a third more sales than June 2010,…

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CALGARY HOUSE PRICES DECLINE MODESTLY YEAR-OVER-YEAR

House prices and unit sales expected to increase in 2011 CALGARY, January 6, 2011 – The Royal LePage House Price Survey and Market Survey Forecast released today showed year-over-year price decreases for most housing types surveyed in Calgary. Standard two-storey homes witnessed the largest year-over-year price decreases falling 5.3 per cent to $404,622. Prices for…

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Calgary Real Estate Market Week in Review for April 19- April 25, 2010

Here are this weeks Calgary real estate statistics for April 19 – April 25, 2010. To view market details on individual Calgary neighbourhoods please check out my Calgary Neighbourhood profiles page of the Calgary Real Estate Resource Centre.  You can also look at past Calgary Week In Reviews to gauge how the real estate market is changing in Calgary. If you…

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Calgary Real Estate Market Week in Review for March 22- March 28, 2010

Here are this weeks Calgary real estate statistics for March 22 – March 28, 2010. To view market details on individual Calgary neighbourhoods that you may be interested in please check out my Calgary Neighbourhood profiles page of the Calgary Real Estate Resource Centre.  You can also look at past Calgary Week In Reviews to gauge how the real estate market is…

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Good debt” versus “bad debt

Not all debt is created equal… the difference lies in how it helps – or hurts – your pursuit of your financial goals. Some debt can be seen as an investment in one’s future: • Borrowing money to maximize your RRSP contributions. • Loans with tax-deductible interest to earn investment income. • Borrowing to acquire an asset that…

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Calgary Housing Market Rebound Continues & Home Prices Edge Upwards As Demand Holds Steady

Calgary, November 2, 2009 – The Calgary housing market continued to rebound in October, according to figures released by the Calgary Real Estate Board (CREB®). “Calgary’s housing market has clearly turned a corner,” says Bonnie Wegerich, president of CREB®. “We expect there to be a few bumps on this road to recovery but we believe…

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COCHRANE BOW RIDGE SLIPPAGE UPDATE

The Town of Cochrane has retained the services of Stantec Consulting Ltd. to determine the cause of ongoing Bow Ridge wall movement affecting the community of Bow Ridge Phase III, more specifically, those portions of Bow Ridge Drive, Bow Ridge Link and Bow Ridge Close, directly adjacent to the hill. The process was initiated in May…

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Calgary Real Estate Market Week in Review for August 31 – September 6, 2009

Here are this weeks Calgary real estate statistics for August 31 – September 6, 2009. To view market details on individual Calgary neighbourhoods that you may be interested in please check out my Calgary Neighbourhood profiles page of the Calgary Real Estate Resource Centre.  You can also look at past Calgary Week In Reviews to gauge how the real estate market is…

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Royal LePage Foothills Changes Agency Model to Designated Agency

Effective September 1, 2009, Royal LePage Foothills is changing the relationship our Realtors have with their customers and clients from a common law relationship to a designated agency relationship. What this really means is that our Realtors will now sign a non-exclusive agency relationship with buyers which outlines their duties to their buyers. From the publics…

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Calgary Real Estate Market Week in Review for August 3 – August 9, 2009

Another interesting week in the Calgary real estate market. Here are this weeks Calgary real estate statistics for August 3 – August 9, 2009. To view market details on individual Calgary neighbourhoods that you may be interested in please check out my Calgary Neighbourhood profiles page of the Calgary Real Estate Resource Centre.  You can also look at past Calgary Week In…

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Calgary Real Estate Market Week in Review for July 13 – July 19, 2009

Here are this weeks Calgary real estate statistics for July 13 – July 19, 2009. To view market details on individual Calgary neighbourhoods that you may be interested in please check out my Calgary Neighbourhood profiles page of the Calgary Real Estate Resource Centre.  You can also look at past Calgary Week In Reviews to gauge how the real estate market is…

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Calgary Real Estate Market Week in Review for July 6 – July 12, 2009

Sales are slightly down this week, but inventory is still dwindling. Here are this weeks Calgary real estate statistics for July 6 – July 12, 2009. To view market details on individual Calgary neighbourhoods that you may be interested in please check out my Calgary Neighbourhood profiles page of the Calgary Real Estate Resource Centre.  You can also look at past…

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Calgary Real Estate Market Statistics & Week in Review for May 25 – May 31, 2009

Here are the current Calgary real estate statistics for May 25 – May 31, 2009. To view market details on individual Calgary neighbourhoods that you may be interested in please check out my Calgary Neighbourhood profiles page.  You can also look at past Calgary Week In Reviews to gauge how the real estate market is changing in Calgary. If you have…

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Royal LePage Foothills Calagry Open Houses For April 25th – 26th, 2009

Royal LePage Foothills OPENHOUSES Saturday, April 25 & Sunday, April 26 Southwest Altadore…………………. Sat 2-4:30………………………………4120 – 16 Street SW………………………….. 2 Story……………. $754,900……….. Ken Rigel……………………….835-6338 Altadore………………………………………… Sun 2-4:30………3928 – 16 A Street SW………………………. 2 Story……………. $819,900……….. A. Karamitsanis………………614-2694 Altadore………………………………………… Sun 2-4…………..#26 – 6 Scarpe Dr SW……………………….. 2 Story……………. $559,900……….. Mary Lou McCormick………921-1458 Altadore…………………. Sat 2-4:30……… Sun…

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Calgary Home Winterization Tips

WINTERIZING YOUR Calgary HOME Since the weather is getting a little colder, now is the perfect time to prepare your home for the winter season with a few simple steps that will help make the upcoming months of hibernation much more comfortable and cozy for you and your family.  Fall is actually the ideal time to…

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Calgary Real Estate Market Week in Review for November 10th – November 16th, 2008

Total listing inventory this week was at 8,044 with 5,453 being single family homes and 2,591 being condo listings. The average sale price of a single family home was $415,075 and condos came in at $317,298.Please note:  These averages do not indicate the average sale price of Calgary real estate.  Just the average for the week mentioned. Totals for November…

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YTD 2007 – Single Family – Community Stats – S.W. Calgary – Zone C

Here you will find a great break down of the SW communities and neighbourhoods average and median sales statistics for 2007. Enjoy!! These statistics cover homes in the following Calgary neighbourhoods: Altadore River Park, Aspen Woods, Bankview, Bayview, Bel Aire, Braeside Est, Bridlewood, Britannia, Canyon Meadows Estates, Canyon Meadows, Cedarbrae, CFB Lincoln Park, Chinook Park, Christie…

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YTD 2007 – Single Family – Community Stats – N.E. Calgary – Zone B

Here you will find a great break down of the NE communities and neighbourhoods average and median sales statistics for 2007. Enjoy!! These statistics cover homes in the following Calgary neighbourhoods: Abbeydale, Albert Park, Applewood, Castleridge Estates, Castleridge, Coral Springs, Dover Glen, Dover, East Mayland Heights, Erinwoods, Falconridge, Fonda, Forest Heights, Forest Lawn, Marlborough Park, Marlborough,…

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Rocky Ridge Calgary Yearly Market Trends & MLS Real Estate Sales for 2007

Welcome to Rocky Ridge in NW Calgary.  Here you can view up to date real estate sales data including average sale prices as well as price trends since the year 2000. You will also find neighbourhood profiles including average household income, school information, occupational stats, home ownership vs. rental, and many more statistics that I hope will…

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Tuscany Calgary Yearly Market Trends & MLS Real Estate Sales for 2007

Welcome to Tusany in NW Calgary.  Here you can view up to date real estate sales data including average sale prices as well as price trends since the year 2000. You will also find neighbourhood profiles including average household income, school information, occupational stats, home ownership vs. rental, and many more statistics that I hope will make…

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First day on the blog

Hello and Welcome to my Calgary real estate blog!  I decided to write a Calgary real estate related blog after following a excellent Calgary housing blog for many months “The Calgarian Contrarian“.  In 10 years of being a Realtor I had never seen a website or blog that posted such pertinent information on the Calgary market.  The…

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