Nevin’s Calgary Real Estate Blog delivers the latest market news, updates, and property listings as well as tips for buying or selling a home in Calgary Alberta.
Licensed in 1999, Nevin brings a wealth of experience to his real estate practice. He has worked in various capacities including agent/realtor, office manager, team leader, board member and an advisor to some of the industry’s largest real estate technology companies.
Nevin is known for his enthusiasm for technology and can most often be found studying the next big thing in real estate marketing and implementing it in his business. “From the very beginning, real estate technology has been a big- part of my business,” says Nevin
July 2, 2025 Increased Inventory Weighs on Prices for Apartment and Row Homes Inventory levels in June continued to climb compared to both last month and last year. By month’s end, total inventory reached 6,941 units—returning to figures last seen in 2021, before Calgary’s population growth surge. Although sales remained aligned with long-term averages, they…
October sales activity slowed over the last month in alignment with typical seasonal patterns. However, with 2,171 sales, levels were 17 per cent higher than last year and amongst the highest levels reported for October. Sales activity has been boosted mainly through gains in apartment condominium sales as consumers seek affordable housing options during this…
The Calgary real estate market witnessed a surge in apartment condominium sales, setting a new total residential record with 3,146 sales achieved in June. Although year-to-date sales are currently 23 percent lower than last year, they remain significantly higher than pre-pandemic levels. Notably, there has been a positive trend in new listings, providing relief and…
Calgary housing market expected to stabilize in 2023 ! The Calgary Real Estate Board (CREB®) has released its 2023 Forecast Calgary and Region Yearly Outlook Report. The report, which is prepared by CREB® Chief Economist Ann-Marie Lurie, provides a detailed analysis of the economic and housing market trends in Calgary and surrounding areas for the…
Lower priced homes in Calgary are in high demand! The level of new listings in January fell to the lowest levels seen since the late 90s. While new listings fell in nearly every price range, the pace of decline was higher for lower-priced properties. At the same time, sales activity did slow compared to the…
Residential sales in the city slowed to 1,648 units, a year-over-year decline of 22 percent, but 12 percent above the 10-year average.The pullback in sales over the past six months was not enough to erase gains from earlier in the year as year-to-date sales remain nearly 10 percent above last year’s record high. The year-to-date…
Strong sales for condominium apartment and row properties was not enough to offset declines reported for other property types. This caused city sales to ease by nearly 12 percent compared to last year. However, with 1,901 sales in September, activity is still far stronger than levels achieved prior to the pandemic and is well above…
City of Calgary, March 1, 2022 – Thanks to a surge in new listings, sales activity reached a record high for the month of February with 3,305 sales. The rise in new listings caused adjusted inventories to rise above last month’s levels. However, with only one month of supply, the market continues to favour the seller.…
For the full report, please download CREB®‘s Q3 2021 Calgary & Region Quarterly Update Report here. The pace of growth and level of sales have eased from the record highs seen in the second quarter, but with 6,628 sales, this was the best third quarter since 2014. Much of the strength in demand was likely…
Calgary Homes Sales sales totalled 2,162 in September, nearing the record high for the month recorded in 2005. Further gains in new listings likely supported some of the sales growth that occurred this month. “While sales activity in the fall tends to be slower than in the spring months, the continued strong sales are likely…
Inventory rises, but sellers’ market conditions persist (Links updated) City of Calgary, June 1, 2021 – With 2,989 sales, housing market activity hit a new May record. Despite strong levels of sales, they did trend down relative to last month. Additionally, there were 4,562 new listings, causing seasonally adjusted inventory levels to increase over the…
There were 3,209 sales in April, a new record high for the month, as Calgary’s housing market continues to bounce back from the pandemic lows recorded in 2020. “Despite entering the third wave of COVID-19, there is more optimism of economic recovery when the economy re-opens,” said CREB® chief economist Ann-Marie Lurie. “However, the recent…
The economic challenges associated with COVID-19 brought about a dramatic rate cut from the Bank of Canada and an even more significant drop in the discount rates for mortgages. The low-interest-rate environment, combined with pent-up demand and increased savings among those who remained employed throughout the pandemic, is supporting stronger-than-expected gains in resale sales activity.…
With the Calgary seller’s market showing gains in every price range, residential sales activity in February totalled 1,836. This reflects the best February since 2014. “Despite continued COVID-19 restrictions, housing activity continues to improve. Much of the strong sales activity is expected to be driven by exceptionally low mortgage rates,” said CREB® chief economist Ann-Marie Lurie.…
Calgary real estate sales were up in January and the highest they have been for the month since 2014, as housing market momentum from the end of 2020 carried over into the start of 2021. Sales activity improved across all product types and across all price ranges. “Discount lending rates are exceptionally low, which is…
With December sales of 1,199, this is the highest December total since 2007. “Housing demand over the second-half of 2020 was far stronger than anticipated and nearly offset the initial impact caused by the shutdowns in spring. Even with the further restrictions imposed in December, it did not have the same negative impact on housing…
For the sixth month in a row, sales in the Calgary market recorded a year-over-year gain. Sales growth over the past several months has been the strongest seen in the past five years, but the activity has not been strong enough to offset the pullbacks from the spring. Year-to-date sales remain over three per cent…
Below is an update on COVID-19 and open house protocols from two of our regulatory associations that govern realtors. With provincial COVID-19 cases on the rise, the Alberta Real Estate Association, with support from the local Boards/Associations and the Real Estate Council of Alberta, is recommending members opt for virtual means in place of…
CREB’s Calgary Housing Report has reported the third-quarter activity was far better than original expectations, as sales activity in the city improved by nearly 12 percent over last year’s levels. Some of the shift in the third quarter reflects activity that likely would have occurred in the second quarter. The housing market also benefited from…
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…
Calgary housing market prices hold, but sales fall Residential home sales declined in February, but a decline in new listings helped keep prices steady this month. Sales totaled 1.094 units in February, 18 per cent below last year’s activity. Easing sales occurred across all property types this month, which outpaced the sales growth that occurred…
Growth in new listings outpaced sales preventing inventory declines Sales posted a modest gain in August, but a rise in new listings kept inventory levels elevated. Inventories totaled 6,624 units, where over half were comprised of attached and apartment style properties. While inventories were 16 per cent higher than August 2016 levels, the slight rise…
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…
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…
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…
On the heels of a strong year of sales growth, January sales in the city of Calgary totaled 1,440 units, a 17 per cent increase over the previous year. “Sales growth continues at the double digit pace seen over the later portion of 2013, mostly due to the gains in the condominium sector,” said CREB®…
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…
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…
Calgary, April 2, 2013 – The inventory of active homes for sale in Calgary are the lowest March levels in more than five years. The decline in new listings hampered resale sales growth, which declined by more than two per cent in March compared to March 2012. New listings in March are five per cent…
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…
Calgary resale market remains in balance while Inventories continue to fall, but sales growth eases to keep market stable. Residential sales in the City of Calgary have increased by 15 per cent on a year-to-date basis, and were up 8-per-cent in November compared to the same month in 2011. Nearly eight consecutive months of double-digit,…
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…
Resale market continues slow and steady recovery Calgary, Oct. 1, 2012 – Residential sales activity continues to improve in the Calgary area, as year-over-year sales for the month of September increased by 11 per cent. After the first three quarters of the year, residential sales within city limits totaled 17,018, a 15-per-cent increase over 2011.…
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,…
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…
If you are thinking of investing in Calgary’s condos market now might be the right time to do so . 2012 is turning out to be a great year in the residential real estate market. The energy sector is booming and the future of Alberta is looking very bright. With low interest rates and favourable…
How one of my successful Aussie counterparts Chris Gilmour sells real in Queensland AU. More and more generation Y realtors are becoming successful using social media and video. Chris pushes it to the limits and does a great job!
What is a stigmatized property? A stigmatized property is a property that has had an unfavourable occupant or act take place or reside in the dwelling. In the eyes of the public such things as grow ops, murders, deaths, inhabitance by drug dealers, child molesters, ghosts and Charlie Sheen can cause a property to become…
2012 2011 Calgary Metro – Single Family Sales 190 137 New Listings 340 275 Inventory 3,488 4,132 Sales to New 56% 50% Sales to Inv 5% 3% Calgary Metro – Condominium Sales 92 63 New Listings 145 137 Inventory 1,754 1,991…
New listings at a good price generating a lot of activity In response to member feedback, the 5 year summary stats report is available to members on CREB®Link under the monthly housing stats section and includes the median prices. In addition, the graphs available in CREB®Link show the relationship between the average, median and benchmark…
Improved activity in the last week of the month boosted city sales Calgary, March 1, 2012 – Sales activity improved across all residential sectors this month compared to a year ago, according to CREB® data released today. Calgary and area sales growth pushed February total residential activity up by 11.6 per cent compared February 2011,…
RE: Oil Well Application #1695605, Licence #0441737 Below is an update on the Royal Oak oil well from the community association. Dear Residents; We would like to thank the 500 plus residents who participated in the oil well information “ Open House” February 11, 2012. Although the application has been approved by the ERCB, we…
New price tool shows year-over-year growth Calgary, February 6, 2012 – The year-over-year value of homes in Calgary increased in January 2012 by 2.7 per cent, according to a new price measurement tool vetted by academia and financial industry experts, including the Bank of Canada. The new MLS® Home Price Index (HPI) was introduced today…
The housing market pointing towards price stability Calgary, February 1, 2012 – Home sales in the City of Calgary are off to a slow start as buyers show continuing caution, according to figures released today by CREB®. “Overall, the market is behaving as expected for the winter season,” says Bob Jablonski, president of CREB®. The…
2012 2011 Calgary Metro – Single Family Sales 582 572 New Listings 1,379 1,583 Inventory 3,038 3,062 Sales to New 42% 36% Sales to Inv 19% 19% Calgary Metro – Condominium Sales 230 211 New Listings 672 684 Inventory 1,470 1,599…
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…
Royal LePage Foothills Broker Ted Zaharko explains why we changed to a Designated Agency model as well as points out the benefits as we move towards representing Buyers and Sellers separately.
There has been information flowing about an Oil Well from the Rocky Ridge Royal Oak Community Association since November. According to the Royal Oak Suburban Journal article (page 13 and on) the licence to drill was approved by the ECRB on the 20th December. A presentation from the Company had been made at the RRROCA…
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…
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…
2012 2011 Calgary Metro – Single Family Sales 353 359 New Listings 974 1,088 Inventory 2,979 3,011 Sales to New 36% 33% Sales to Inv 12% 12% Calgary Metro – Condominium Sales 138 128 New Listings 459 470 Inventory…
A new way in which housing prices are reported each month will help make Calgary Realtors jobs easier in explaining market conditions to our clients. The MLS® Housing Price Index (HPI) is coming to Calgary in February, as part of a nationwide rollout involving real estate boards in Canada’s largest cities. It’s an exciting new…
By Julian Beltrame, The Canadian Press OTTAWA – Any thoughts Bank of Canada governor Mark Carney might have had about cutting interest rates further today likely flew out the window after a recent spate of relatively good economic news. The Bank of Canada will announce its policy setting – which influences short term interest rates…
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…
Calgary Homebuyers Take Advantage Of Affordability And Choice While Upper-end Homes And Entry-level Condo Sales Get A Boost Calgary, September 1, 2011 – According to figures released today by CREB® (Calgary Real Estate Board), sales for upper-end homes are above the pace set a year ago. As of Wednesday August 31, there were 948 single…
I came across this hilarious video today. I think this guys sells homes in inner city Calgary! If you see him RUN!!
Following steep declines in 2010 sales, the Calgary residential resale market is on the path to recovery. Single family sales will lead the growth with an anticipated 8 per cent increase in sales. Prices are expected to record a moderate increase, mostly due to an increase in higher-end sales and consumer appetite for somewhat discounted…
CALGARY HOUSING MARKET ON THE ROAD TO RECOVERY Market improvements driven by clients looking for value Calgary, August 4, 2011 – According to figures released today by CREB® (Calgary Real Estate Board), residential sales continue to trend towards recovery. After the first seven months of the year, single family and condominium sales totaled 11,798, a…
For the past few years I’ve become somewhat fascinated and a little obsessed with photography as a hobby and have found many ways to improve my real estate business through the use of good photography technics. Since 2006 I’ve read as many books on photography as I could get my hands on as well as…
I was on my way to a RE/MAX office today to negotiate an offer and drove by this postal worker sleeping. Aprox 40 minutes later I drove by again and noticed he was still sleeping. He must be tired from the long strike. Nice to see they negotiated 40 minute siestas into their contract.
Here are a few of the views from some of the condos I showed today in Eau Claire, Victoria Park, and the West Downtown. Enjoy!!
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,…
I was showing condos to a client of mine the other day in the Union Square tower in Victoria Park. Union Square is a beautiful tower in the heart of Victoria Park close to the downtown, 17th Ave and various shops and pubs. Units in Union Square range from 1 bedrooms to 2 bedroom and…
This spring has been extremely wet in Calgary with all the rain we have been getting. Here is a video of a home I found in NW Calgary while out on my morning bike ride. From what I can tell the whole walkout level has been completely flooded by the pond in the environmental reserve…
I was out showing penthouse condos in the East Village tonight and entered a unit that literally took my breath away. As I opened the unit I turned to my clients only to see them make a face as if they saw a ghost. As I stepped further into the unit I soon realized what…
Inner City Housing Market Leads in Sales As Buyers find value in inner city communities Calgary Real Estate Statistics for June 1, 2011 – According to figures released today by CREB® (Calgary Real Estate Board), year-to-date residential sales in the inner city grew nearly 4 per cent, outperforming the city wide average. City of Calgary residential…
What is bankruptcy? Bankruptcy allows a person to wipe out most of all existing debt and start fresh. It can be a very long and complicated process that should only be used as a last resort. Even though it might bring peace of mind, it comes with challenges to anyone who wants to purchase a…
Higher priced homes selling faster as listings trend down This just released today from the Calgary Real Estate Board. Calgary, May 2, 2011 – According to figures released today by CREB® (Calgary Real Estate Board), City of Calgary year-to-date sales declined by 4 per cent compared to the first four months of 2010. The decline was offset by…
This past week listing inventory increased again over last while sales dropped marginally on the 30 day average. To see see a visual feel free to use the charts below. With the spring market just around the corner it is difficult to determine where the market will go. The past couple weeks have really been…
Calgary’s NW sector boasted the largest gains in single family homes sales in the first quarter Calgary, April 1, 2011 – According to figures released today by CREB® (Calgary Real Estate Board), Calgary Metro sales remained at levels similar to the first quarter of 2010. Improved sales in the single family market have largely been…
This past week listing inventory increased slightly over last while sales dropped marginally on the 30 day average. To see see a visual feel free to use the charts below. With the spring market quickly approaching in Calgary it is difficult to determine where the market will go. If you have thoughts or opinions please…
CREB (Calgary Real Estate Board) is encouraged by City Council’s decision Monday to expedite the process for approving secondary suites in R2 areas of the city (single-detached, semi-detached and duplex dwellings) as well as engage in further study. Instead of passing motion which would have allowed secondary suites in all neighbourhoods that currently allow only…
CALGARY’S HOUSING MARKET RECOVERY CONTINUES AT A GRADUAL PACE Calgary single family home sales increase over the previous month and year-over-year Calgary, March 1, 2011 –According to figures released today by CREB® (Calgary Real Estate Board), for the second month in a row, single family home sales in the city of Calgary increased over previous…
The real estate market in Calgary this week is still keeping pace evenly, with new listings for the week slightly down from last week and sales marginally up in the 30 day average. For the time being the market seems to be fairly balanced. Feel free to check out our new Market Trends page to…
Single Family Homes In The Inner City Drive Recovery Calgary, February 1, 2011 – Single family home sales in the City of Calgary edged upwards month-over-month and showed the first year-over-year increase since April 2010, according to figures released today by CREB® (Calgary Real Estate Board). The number of single family home sales in the…
For many homeowners, paying off their mortgage as quickly as possible is a top priority. Paying down extra principal in the early years by whatever means possible can shorten the life of your mortgage – and dramatically lower the interest you’ll pay over the long haul. Here are a few tips on how to make…
Finance Minister Jim Flaherty today announced some changes to mortgage rules that will come into force on March 18, 2011. The maximum amortization period is now 30 years(down from 35 years) for government-backed insured mortgages, when the downpayment is less than 20 percent. The maximum amount that can be borrowed when refinancing a mortgage is…
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…
EMPLOYMENT AND MIGRATION NEEDED TO SHAKE OFF WINTER CHILL Low Interest Rates and Affordability to Support Housing Recovery in 2011 Calgary, January 4, 2011 – Home and condo sales in Calgary and area remained relatively unchanged in December 2010, indicating that a full-fledged recovery in the housing market has yet to take hold, according to…
Calgary, November 1, 2010 – Home sales in the city of Calgary were down month-over-month in October 2010, showing signs that buyers still remain cautious, despite signs of economic recovery. Year-over-year sales continued to trend lower in the month of October, according to figures released today by the Calgary Real Estate Board (CREB®). The number…
Home sales in the city of Calgary increase month-over-month in September 2010 Calgary, October 1, 2010 – Home sales in the city of Calgary were up month-over-month in September 2010, the first uptick in sales since April 2010. Year-over-year sales continued to trend lower in the month of September, but at a pace slower than…
Just some things Calgary homeowners with strong home equity can do to protect themselves from identity theft and mortgage fraud. OneRealtor out of our office had two clients where criminals went in on low LTVmortgages or free and clear and registered financing without them knowing, then took off with the money. Below are some suggestions…
Thought I would post this for my fellow Calgary Realtors Many of our Calgary Members seem to be under the impression that their Buyer Client is entitled to a final “walk through” of the property that they purchased prior to or at the time of possession prior to releasing funds to the Seller. For many…
City of Calgary sales wane as town and country sales hold steady Calgary, September 1, 2010 – Home sales in the city of Calgary continued to trend lower in the month of August, according to figures released today by the Calgary Real Estate Board (CREB®). The number of single family homes sold in August 2010…
Calgary, August 3, 2010 – The summer cool down in Calgary’s housing market continued in the month of July, according to figures released today by the Calgary Real Estate Board (CREB®). The number of single family homes sold in July 2010 in the city of Calgary was down 42 per cent from the same time…
Mortgage trends cool Calgary home sales Calgary, July 2, 2010 – Calgary home sales continued to show a marked year-over-year decline in the month of June, according to figures released today by the Calgary Real Estate Board (CREB®). The number of single family homes sold in June 2010 in the city of Calgary was down 42…
May Brings MarkedDecline in Home Sales Average price risesas move-up buyers enter market Calgary, June 1,2010 – Calgary home sales showed a marked decline in the month of May, according to figures released today by the Calgary Real Estate Board (CREB®). The number of single family homes sold in May 2010 in the city of Calgary…
Here are this weeks Calgary real estate statistics for April 26 – May 2, 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…
Economic optimism,improved choice and price stability contribute to a balanced housing market Calgary, May 3,2010 – Calgary’s housing market continues at a healthy and balanced pace, according to figures released today by the Calgary Real Estate Board (CREB®). The number of single family homes sold in April 2010 in the city of Calgary was up 5…
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…
Here are this weeks Calgary real estate statistics for March 29 – April 4, 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…
Improved economic outlook and job prospects to be a bigger factor in the long-term Calgary, April 1,2010 – Calgary’s housing market enjoyed a healthy boost in March as homebuyers anticipate an earlier than expected rise in interest rates, according to figures released today by the Calgary Real Estate Board (CREB®). The number of single family homes sold in…
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…
Calgary, March 1, 2010 – Calgary’s housing market continues to build stability and momentum in the second month of the year, according to figures released today by the Calgary Real Estate Board (CREB®). The number of single family homes sold in February 2010 in the city of Calgary was up 25 per cent from the same…
On February 16, Finance Minister Jim Flaherty announced new mortgage rules intended to help ensure homebuyers can handle their debt load when interest rates rise, as well as to slow down real estate speculation. “There’s no clear evidence of a housing bubble, but we’re taking proactive, prudent and cautious steps today to help prevent one. …
In the Canadian Real Estate Association’s 2009 Report on the Consumer, respondents were asked what attributes they considered important in a REALTOR® whom they would hire to sell their home. Over half (58.6 per cent) of all respondents said “trustworthiness and honesty” was the primary attribute. “A solid, overall knowledge of the housing market” was…
With rising interest rates on the horizon buyers will see 2010 as the year to take advantage of low mortgage rates Calgary,February 1, 2010 –Affordability continues to drive a recovery in Calgary’s housing market according to figures released today by the Calgary Real Estate Board (CREB®). The number of single family homes sold in January…
–House prices forecast to further improve in 2010- Royal LePage Canada just released a market forcast for Calgary and other major Canadian Cities. Calgary, January 7, 2010 – Calgary’s house prices are seeing modest gains and are expected to further improve through 2010, according to the Royal LePage Market Survey Forecast and House Price Survey.…
Message from the Calgary Real Estate baord indicates a Year-over-year sales increase for seventh consecutive monthCalgary, January 5, 2010 – The Calgary housing market continues to show signs of a sustained recovery according to figures released today by the Calgary Real Estate Board (CREB®). The number of single family homes sold in December 2009 in…
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…
Low borrowing costs continue to fuel market recovery : Calgary Real Estate Baord Calgary, December 1, 2009 – The Calgary housing market is showing signs of a sustained recovery according to figures released today by the Calgary Real Estate Board (CREB®). The number of single family homes sold in November 2009 in the city of Calgary…
After reading this article by the Toronto Star please let us know your thoughts. Are Calgary Realtors charging too much for commissions? My opinion is you get what you pay for!! What’s your opinion? Canadians in the housing market will pay less in realty commissions and fees if the federal Competition Bureau has its way. In a…
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…
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…
An open mortgage typically allows the borrower to pre-pay all of the mortgage, renew or refinance at any time before maturity. This also means that you can switch lenders at any time. The catch is that this flexibility to pay back the mortgage whenever you like usually comes with a higher interest rate. An open…
Calgary, October 1, 2009 – Calgary home prices show signs of stability as recovery in the housing market begins to take hold. The average price of a single family Calgary metro home in September 2009 was $459,085, showing an increase of 1 per cent from August 2009, when the average price was $454,130, and showing…
Many homeowners in Calgary are unaware of the dangers posed by identity thieves when it comes to their real estate investment. Unfortunately, real estate title fraud is on the rise in Calgary. According to the Canadian Association of Accredited Mortgage Professionals (CAAMP), real estate industry insiders now peg the average case of real estate fraud…
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…
Housing starts in Canada are expected to rebound in the second half of 2009 and will reach 141,900 for the year. Starts will increase to 150,300 for 2010, according to the Canada Mortgage and Housing Corporation (CMHC). “Economic uncertainty and lower levels of employment tempered new housing construction in the first half of this year”,…
Market rebounds on news that the worst of recession is over Here is an update from CREB (Calgary Real Estate Board) Calgary, September 1, 2009 – Calgary metro home prices made the first year-over-year increase on a monthly basis since February 2008 according to figures released by the Calgary Real Estate Board (CREB®). Prices received…
A Word From . . . Ted Zaharko Ted Zaharko is the broker/owner of Royal LePage Foothills. His brokerage, which comprises eight offices and more than 250 REALTORS® serving Calgary and surrounding area, will soon be one of two brokerages in Alberta to adopt the designated agency brokerage model. Designated agency is a brokerage model…
If you intend to buy a home that needs some immediate upgrades, a “purchase plus improvements” mortgage may be right for you. This type of mortgage covers the purchase price of the home, plus any renovations that would increase the value of the property, such as finishing a basement or redoing the kitchen. For current…
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…
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…
This is an issue I see far to often in day to day business in Calgary. A few months ago I ran into an issue regarding the above situation. At that time I said to the other Realtor that was involved “that unless you have something outlined in writing by the seller or the seller’s…
It’s been an interesting week in the Calgary real estate market. Earlier last week the bank of Canada announced that the prime lending rate will remain untouched for the next few months. They also announced the end of the recession, which I am a little skeptical off. Since these announcements Calgary home buyers have seemed to ramp up…
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…
The Bank of Canada announced this morning that it will leave its key interest rate unchanged. The Bank also reiterated its commitment to hold its key rate at the current level until the end of the second quarter of 2010, conditional on the outlook for inflation. In its statement the Bank noted that in Canada,…
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…
Here we go just two more days until the start of the Calgary Stampede and it is finally starting to feel like summer out there. It is absolutely great! Sales are up across the board again for the third week in a row and inventory is still dwindling. Here are this weeks Calgary real estate statistics for June 22 – June 28, 2009.…
Sales are up across the board again for the second week in a row and inventory is still slowly dwindling. Here are this weeks Calgary real estate statistics for June 15 – June 21, 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…
When looking for a home in a shifting interest rate environment, you need to make sure that you get a good rate. An independent mortgage broker is the best starting point – he or she will discuss your borrowing needs, introduce you to your best financing options, and get you a very competitive interest rate. A broker…
Sales are up across the board this week and inventory is slowly dwindling. The market is nearly balanced if you look at the sales vs. inventory, and activity over the past couple weeks. Is this the end of the drop in home prices in Calgary and the conclusion to the Calgary real estate crash that so many talked…
Nearly 90 per cent of recent home purchasers across Calgary and Canada believe that home ownership is a good long-term investment and that almost 70 per cent think that now is a good time to purchase a home in their community. That’s according to the 2009 Mortgage Consumer Survey by the Canada Mortgage and Housing Corporation…
Here are this weeks Calgary real estate statistics for June 1 – June 7, 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…
Listing Shortage May Be At Hand – May 2009 sales exceed sales set in May 2008 – Message from : Ted Zaharko . B Comm., F.R.I., C.M.R. Owner/Broker . Royal LePage Foothills CALGARY – As we approach the mid-point of this economically challenging year, we are seeing some significant trend lines that many were not forecasting. I…
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…
In the Calgary real estate market or in any real estate market, prepping your home so that potential buyers see it in its best light can mean that your home sells more quickly and possibly at a better price. Here are a few simple steps that can yield big dividends when selling your home in…
Here are the current Calgary real estate statistics for May 18th – May 24th, 2009. To view market details on individual Calgary neighbourhoods that you may be interested in please check out my Calgary Neighbourhood profiles page. If you have any questions feel free to leave me a comment on the blog or email me. I am alway glad to…
Lower mortgage rates have meant increased affordability for Calgary home buyers. For the first time buyer looking for a home of their own, there are some ways to further increase mortgage affordability and stretch one’s housing dollar in Calgary. Here are some tips to consider: Know what you can afford. A mortgage pre-approval helps you…
Here are the current statistics for May 11th – May 17th, 2009. To view market details on individual Calgary neighbourhoods that you may be interested in please check out my Calgary Neighbourhood profiles page. If you have any questions feel free to leave me a comment on the blog or email me. I am alway glad to answer your Calgary…
Here are the current statistics for May 4th – May 10th, 2009. To view market details on individual Calgary neighbourhoods that you may be interested in please check out my Calgary Neighbourhood profiles page. If you have any questions feel free to leave me a comment on the blog or email me. I am alway glad to answer your Calgary…
Here are the current statistics for April 27th – May3rd, 2009. I plan to make this a weekly recurrence. To view market details on individual Calgary neighbourhoods that you may be interested in please check out my Calgary Neighbourhood profiles page. If you have any questions feel free to leave me a comment on the blog or email…
Here are the current statistics for April 20th – 26th, 2009. To view market details on individual Calgary neighbourhoods please check out my Calgary Neighbourhood profiles page. If you have any questions feel free to leave me a comment on the blog or email me. I am alway glad to answer your Calgary real estate questions. Nevin…
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…
Below is an update from the Bank of Canada. How will the decrease in mortgage rates affect the Calgary real estate market. Send in your opinions on the comments section below. Bank of Canada lowers target for the overnight rate to 0.25% “OTTAWA – The Bank of Canada today announced that it is lowering its target…
Here is the Calgary weekly market update for April 13th – 19th, 2009. Enjoy!!! Nevin Van Nest . Realtor . Royal LePage Foothills Weekly Absorption Rate Unit Sales vs. Active Listings – Single Family Homes and Condos Weekly Absorption Rate Unit Sales vs. Active Listings – 30 Day Average For the past couple weeks listing…
Sorry for the delay in getting this post out. I was actually on vacation for the past while. Let me tell you returning to all this snow was sure a surprise. The real estate market in Calgary is still very much the same as a couple weeks ago. The market for all intensive purposes is remaining relatively stable…
It’s been an interesting week in the Calgary real estate market. If you’ve been reading headlines in the papers such as the Calgary Herald you will notice there seems to be some stir in the market with the slight suggestion that things are picking up. I am not sure how much earth shattering news there is to report…
Opinions….everyone has one right. This short blog positing is a little different from my longer posts in the past. Hopefully it won’t be as boring, will have less spelling errors and will get a lot more action in terms of comments from my readers. [:D] Basically what I am after is you the reader’s opinions…
As the holiday hype is put to rest and the long cold months of winter loom ahead, now is the ideal time to take advantage of the days spent indoors by giving your household storage system an overhaul to maximize space and accommodate the changing needs of your growing family. And if you’re considering a…
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…
Total listing inventory this week came in at 7,400 with 5,014 being single family homes and 2,386 being condo listings. This week listing inventory has dropped 559 listings. But again like last week this drop in inventory is likely do to the seasonal drop in listings we see every year around this time. People just don;t like…
Total listing inventory this week came in at 7,959 with 5,387 being single family homes and 2,572 being condo listings. It looks like the amount of homes on the market is gradually getting less and less each week. However this drop in inventory is likely do to the seasonal drop in listings we see every year around…
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…
Here is another week in review for November 3rd – November 9th, 2008. You can also view the weekly archives for October 2008 on my Calgary Real Estate Resource Center website. Total listing inventory this week was at 8,507 with 5,772 being single family homes and 2,735 being condo listings. The average sale price of a single family home…
Now that we have some snow on the ground and the heating season is upon us I thought I would do a review for the blog on how we can all save a little cash by just changing a few things in our homes. Heating and cooling requires more energy than any other utility in…
Here we go into the first week of November and it still feels like summer out there. It is absolutely great! Total listing inventory this week was at 8,198 with 5,556 being single family homes and 2,642 being condo listings. The average sale price of a single family home was $446,700 and condos came in at $276,495. Please note: …
This week I have decided to change the reporting period for the Calgary week in review from Monday – Friday to Monday – Sunday. The reason for this is Realtors are still posting information over weekends and this will be a much more accurate way to cover all the days of the week. Also as an…
I thought I would post this after reading a very confusing article in the Edmonton Sun on Friday October 17th 2008. Basically the article conveys that the Calgary market is turning into a seller’s market again. I am not sure where they attain their information from or how they work the numbers, but I would like…
Since my last posting in June listing inventory and sales have dropped considerably and specifically in the past couple weeks here in October. I believe the drop in sales and inventory is happening for two reasons. The main reason is due to the global financial crisis and all the uncertainties in the markets from stocks, mutual’s, financial,…
People these days looking to buy or sell real estate turn to the internet for most of the information they are seeking. After all, the web is more up to date, has better pictures and various other data & information that buyers and sellers are looking for. However there is still a percentage of people…
Total listing inventory was at 10,527 with 7,163 being single family homes and 3,364 being condo listings. The average sale price of a single family home was $487,820 and condos came in at $312,097. Please note: These averages do not indicate the average sale price of Calgary real estate. Just the average for the week mentioned. Totals for June 2 – 6 2008…
This week is very much the same storey as last. The average sale price of a single family home in Calgary was $458,555 and condos came in at $305,891. Please note: These averages do not indicate the average sale price of Calgary real estate. Just the average for the week mentioned. Totals for May 19 –…
This week has followed a similar trend to last week with listing inventory remaining almost the same and sales of single family homes and condos following very closely to last weeks numbers. My estimate last week on there being less sale was also correct since there were less pending sales the week before. Here are the stats.…
Listing inventory has remained relatively close to last week, but for those of you that like stats we did see an increase of a whopping 64 listings to a total of10,510. Single family homes represent 7,169 listings and condo listings total 3,341. SOLD listings this week reached 373 which is 16 lower than last week. Breaking the total down, 245 of the…
This is my first week in review posting & hopefully there will be many more to come. There is a whole lot of data to collect to produce this posting so over time I am sure I will fine tune it into a more logical reading ,weekly posting that everyone can enjoy and gain from.…
I thought about writing this post after viewing a great real estate video blog called True Gotham. Basically True Gotham is a series of video blog posts by Manhattan Realtor/ Broker Douglas Heddings. Doug has a mandate and that mandate is to try to come up with some sort of solution to standardize and regulate the advertised sq/ft…
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…
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,…
As we finish the 2007 YTD stats for Calgary I thought the readers of the blog would like to see how the Calgary Real Estate Market performed in 2007. These statistics cover homes in the following Calgary neighbourhoods: NW Arbour Lake, Banff Trail, Beddington, Bowness, Brentwood, Briar Hill, Bridgeland, Cambrian Heights, Capitol Hill, Charleswood, Citadel,…
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…
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…
I thought as the Calgary Real Estate Resource Centre grows it would be a good idea to post this information to my Calgary Real Estate Resource Blog. Each day I have been doing a separate area in detail with area specific market information including average sale prices and trends as well as population data and average income…
Want to help sell your house? Get Lost! Here is a tip that I think more home owners selling their home should take into account. I was showing homes the other day in Tuscany when my clients and I entered a property where the seller thought it was OK to stay for the showing, and…
This posting is further to the Calgary Average & Median Sale Price Graph below. The Calgary real estate market has changed significantly in the past couple years. With such high market increases everyone is left wondering, is the market going to increase…decrease…. or stay the same. To give a little insight here is an overall snapshot…
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…
