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…
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…
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…
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…
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…
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…
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…
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…