101 - 200 of 420

Monday, June 3, 2013 - City home sales hold momentum

Calgary, June 3, 2013 ? City of Calgary residential monthly sales improved over the previous year, mostly driven by increased demand in the condominium market. Sales activity in all categories totalled 2,544 units for the month, a seven per cent increase over May 2012 figures.?We?re back to normal levels of activity,? said Becky Walters, president of CREB®?s board of directors. ?Last spring was the first time since the recession that we saw more typical levels of sales, and this spring sales ... Full Article...
posted in General at Mon, 03 Jun 2013 15:44:22 -0600

Monday, June 3, 2013 - New Listing - C3571350

Just added this listing:"Awesome Beattie Newport III 2 storey on one of the largest pie lots in New Brighton backing onto a park/greenspace. Many special features & upgrades - tile, high end laminate (like hand scraped H/W), 2 furnaces, 2 A/C's, knock down ceilings, R/I speaker system & more. The front foyer has a cathedral ceiling & opens onto the living room & dining room. The kitchen has a 10 ft breakfast nook which overlooks the back yard & park. Cape Cod maple kitchen with centre island & ... Full Article...
posted in Listings at Mon, 03 Jun 2013 06:00:00 -0600

Thursday, May 23, 2013 - New Listing - C3569717

Just added this listing:"Looking for that affordable home in Airdrie then look no further. This remodelled bungalow end unit is the place for you. Located close to schools, transit and shopping this home features 2 good size bedrooms. The remodelled main bath has a great soaker tub, new cabinets and tile floor. The large bright remolded kitchen has new cabinets, counter tops and floor. The breakfast nook looks out to your deck and private fenced back yard. The large bright living room has newer ... Full Article...
posted in Listings at Thu, 23 May 2013 06:00:00 -0600

Sunday, May 5, 2013 - New Listing - C3566596

Just added this listing:"THE "VIEWS"! Build your new lake home with lake views from the front and back. This large lot is located at Little Bow Resort and is just a short drive (1.5 hours from Calgary) and is one of Southern Alberta's best kept secrets. Little Bow resort is located on Traver's Reservoir. This deep, beautiful, & clean lake has all the requirements for a great recreational get away. Little Bow Resort is great for all water sports including boating, (Little Bow has its own private ... Full Article...
posted in Listings at Sun, 05 May 2013 06:00:00 -0600

Sunday, May 5, 2013 - New Listing - C3566590

Just added this listing:"Little Bow Resort is just 90 minutes SE of Calgary with great fishing, water skiing (private marina), private sandy beach for swimming and in the winter, ice fishing and skating. This year-round custom lake bungalow was built with pride & care. This Low maintenance home features beautiful slate floors with 3 + 2 bedrooms, 3 baths, vaulted ceilings and fabulous views of the lake. The open concept kitchen features hickory cabinets, and huge island for entertaining. The ... Full Article...
posted in Listings at Sun, 05 May 2013 06:00:00 -0600

Wednesday, May 1, 2013 - Single-family prices reach new high

Single-family prices reach new highSellers? market conditions push up prices across all categories Calgary, May 1, 2013 ? The benchmark price of single-family homes reached a new high of $452,900 in April, as market conditions that favour the seller finally drove prices above the unadjusted peak of 2007. ?It?s really encouraging to see that the Calgary market remains strong,? said Becky Walters, president of CREB®?s board of directors. ?It?s reassuring to both buyers and sellers to see that ... Full Article...
posted in General at Wed, 01 May 2013 20:44:56 -0600

Monday, April 15, 2013 - New Listing - C3563231

Just added this listing:"Here is that fantastic family home you have been looking for. Located in the community of Sundance this beautiful home is situated on a quiet street & is close to parks, schools, transit, shopping & Lake Sundance with its swimming, boating, fishing & skating. This 1900 sq ft 2? story home features a newly renovated sunny kitchen with new refaced cabinets, granite counter tops, new Stainless steel appliances & hardwood floors. The hardwood continues into the bright ...
posted in Listings at Mon, 15 Apr 2013 06:00:00 -0600

Thursday, April 4, 2013 - New Listing - C3561246

Just added this listing:"Looking for a well priced, totally renovated townhouse with quick access to downtown - look no further! This freshly painted & completely renovated home has it all - hardwood, tile, newer bathrooms, newer kitchen, windows & more. The kitchen boasts granite island/counter tops, upgraded newer stainless steel appliances, OTR microwave/hoodfan and even has a nook for your computer. The spacious living room has a stone faced gas fireplace and birch wall entertainment unit. ... Full Article...
posted in Listings at Thu, 04 Apr 2013 06:00:00 -0600

Tuesday, April 2, 2013 - Tightened housing supply curbs sales volume

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 lower than levels recorded in 2012, and five per cent lower after the first quarter.  The overall active listings stand at just 4,006 units, up from February?s levels but well below the number ...
posted in General at Tue, 02 Apr 2013 17:25:45 -0600

Wednesday, March 20, 2013 - New Listing - C3559070

Just added this listing:"Here is a fantastic opportunity to own your own home for under $40,000.00. This unique single wide mobile home is located in the Chateau Estates Mobile Home Park with easy access to the shops on 17th Ave, Chestermere, Foothills industrial and the new South East Ring road. This home features two bedrooms, two baths, large living with wood fireplace and a bright sunny kitchen. This unit has been modified for full wheel chair access including the master ensuite and the ... Full Article...
posted in Listings at Wed, 20 Mar 2013 06:00:00 -0600

Saturday, March 16, 2013 - Calgary housing market tops Canada in price growth

CALGARY ? Calgary led the country in February with the best annual price growth in the MLS Home Price Index released by the Canadian Real Estate Association on Friday. But the Calgary market followed a national trend of declining MLS sales in February. However it was at a much lower pace. Nationally, sales were off nearly 16 per cent from a year ago but they were down only two per cent in Calgary. The association also on Friday released an updated forecast in which both sales in Canada and ...
posted in General at Sat, 16 Mar 2013 07:55:13 -0600

Friday, March 1, 2013 - Calgary's resale condominium market shows signs of life

Calgary, March. 1, 2013 ? Total residential sales for the month of February 2013 totaled 1,711 units, a one per cent decline over the previous year. Accounting for the leap year in 2012, activity in the single family market resembles last year?s activity. However, even with one less day in the February 2013 figures, condominium sales have made significant gains increasing by 13 per cent relative to February 2012. Year-over-year single family sales growth totaled 1,209 units in the month of ...
posted in General at Fri, 01 Mar 2013 16:48:42 -0700

Tuesday, February 26, 2013 - New Listing - C3555564

Just added this listing:"This awesome 2 storey home is located in the popular Chaparral lake community which offers swimming, skating, fishing, tennis, lots of playgrounds & great schools. With an open great room style floor plan, this home features a good sized kitchen with island, granite counters & tile flooring. The extended eating area offers plenty of room for a large dining table plus buffet. The good sized great room features a corner fireplace with mantle & tile surround. The main ...
posted in Listings at Tue, 26 Feb 2013 05:00:00 -0700

Monday, February 25, 2013 - Calgary listed as one of the more affordable housing markets in Canada

CALGARY ? Calgary experienced a housing market renaissance in 2012, reaping the benefits of strong provincial GDP and in-migration, which propelled home resales in the area, says a report released Monday by RBC Economics Research. The latest Housing Trends and Affordability Report listed Calgary as one of the more affordable housing markets in Canada. ?Calgary-area buyers enjoyed significantly lower home ownership costs as a share of income than they faced at the market peak in early 2007 and ... Full Article...
posted in General at Mon, 25 Feb 2013 19:33:23 -0700

Monday, February 25, 2013 - A LOW MORTGAGE RATE IS NOT ALWAYS THE BEST MORTGAGE

There is a huge difference between the lowest mortgage rate on the market, and what may be the best mortgage solution for you. It is common to believe that everything is a black & white comparison with regards to mortgage rates, and that the lowest rate is always the best deal. However, this is most often not the case. Borrowers often overlook the terms and privileges of the mortgage, or do not receive full disclosure on items that are not attractive.Below are some of the situations where ...
posted in General at Mon, 25 Feb 2013 19:18:09 -0700

Monday, February 11, 2013 - New Calgary condo sales soared in 2012

CALGARY ? New condo sales in Calgary in 2012 reached their highest level since 2006, according to a report by consulting firm AltusGroup. The report said new multi-family sales were 4,180 units, which was 26 per cent higher than 2011?s 3,317. Sales peaked in 2005 at 5,868. ?The strength in the market was felt equally in the downtown and suburban markets with both sectors of the market seeing increased demand in 2012,? said the report, authored by Matthew Boukall. ?Particularly strong demand was ... Full Article...
posted in General at Mon, 11 Feb 2013 09:22:09 -0700

Friday, February 1, 2013 - Calgary's resale market continues to improve

Calgary, Feb. 1, 2013 ? Residential real estate sales in the city of Calgary started the year on a positive note, increasing by 15 per cent over the same month in 2012. Total sales were 1,230 units, a significant increase over the 1,068 units last year. But sales remain well below January levels recorded through the peak years of 2003 to 2008. ?While activity is typically slower in the winter months, recent improvements in single-family new listings helped support improved sales in that ...
posted in General at Fri, 01 Feb 2013 17:40:49 -0700

Wednesday, January 30, 2013 - New Listing - C3552405

Just added this listing:"Calgary prices too high! Come out to Hillview estates in Strathmore & find more living space for much less. Strathmore is located 20 short minutes from Calgary & has all the amenities & none of the traffic. This large 3 bedroom end unit townhouse is located in Hillview Estates & is walking distance to stores, golf & parks. This home features a bright & sunny open living concept. The kitchen has lots of cupboard & counter space plus an island for addition work space or a ... Full Article...
posted in Listings at Wed, 30 Jan 2013 05:00:00 -0700

Monday, January 28, 2013 - New Listing - C3551785

Just added this listing:"Here is your chance to move that growing family into a fantastic 5 bedroom home in Airdrie. This home is located on a large treed lot & is just minute's drive to all the new shopping, restaurants & amenities Airdrie has to offer. This two story home has 5 bedrooms, 3 bathrooms & a fully finished basement for over 2100 sq ft of living space. The beautiful country kitchen features stainless steel appliances, custom cabinets & lots of counters. The living rm & dining rm ... Full Article...
posted in Listings at Mon, 28 Jan 2013 05:00:00 -0700

Friday, January 25, 2013 - New Listing - C3551475

Just added this listing:"This fabulous 4 bdrm Morrison built home in family friendly Riversong has it all! The main level boasts 9 ft ceilings, hardwood/tile, spacious foyer, large mudroom, walk thru pantry, chef's delight kitchen, extended eating nook, great room & flex room to use however best suits your lifestyle (dining room, den, playroom). The kitchen features upgraded appliances including 5 burner gas range, maple cabinets, large granite island & overlooks the good sized great room with ... Full Article...
posted in Listings at Fri, 25 Jan 2013 05:00:00 -0700

Wednesday, January 16, 2013 - CREB® forecasts moderate sales, price growth for Calgary in 2013

Calgary, Jan. 16, 2013 ? The resale housing market in Calgary and area will see moderate sales and house price growth in 2013, CREB® said today at its annual forecast.Sales growth in the city is expected to ease to 2.2 per cent this year, with house prices rising by 2.9 per cent.?Slower growth trends in employment combined with lower migration estimates will impact sales growth across all resale sectors, and, as listings continue to decline, this will further dampen sales growth, particularly ... Full Article...
posted in General at Wed, 16 Jan 2013 17:18:46 -0700

Tuesday, January 15, 2013 - Calgary best performing real estate market in Canada

CALGARY ? Calgary was the only major Canadian market to see a year-over-year rise in MLS residential sales in December as the national market plunged and the city finished 2012 with the best annual sales growth in the country, according to the Canadian Real Estate Association. In releasing a report Tuesday, the association?s data indicated Calgary MLS sales in December of 1,343 were up 7.2 per cent from December 2011 while Canada saw a decline of 17.4 per cent to 20,538 sales. The average sale ... Full Article...
posted in General at Tue, 15 Jan 2013 07:41:28 -0700

Tuesday, January 15, 2013 - New Listing - C3550331

Just added this listing:"Are you looking for "WOW"? Welcome to this "showhome" Cranston Ridge Estates Villa mins from Ridge/River paths (awesome river/mountain views). This bungalow + loft & FF bsmt (9 ft ceilings) offers everything - chef's delight kitchen (large island, granite, upgraded appl's, bronze metallic backsplash, custom hoodfan, vaulted ceiling, gas RI & more) + separate dining area & great room which features cathedral ceilings/bay window. The main floor master suite has 4 pc ...
posted in Listings at Tue, 15 Jan 2013 05:00:00 -0700

Monday, January 14, 2013 - New Listing - C3550075

Just added this listing:"Here is a chance to buy a year round Lake Home. This fully furnished home is located at one of Southern Alberta's best kept secrets! Can you imagine driving 90 minutes from Calgary to a fabulous lake resort Little Bow? This deep, beautiful, & clean lake has all the requirements for a great recreational get away. In the summer enjoy, boating (Little Bow has its own private marina); swimming with a sandy beach & unlike other destination Traver's is not overcrowded. Little ... Full Article...
posted in Listings at Mon, 14 Jan 2013 05:00:00 -0700

Thursday, January 3, 2013 - Residential real estate sales in the city of Calgary ended the year on a high note

Calgary, Jan. 2, 2013 ? 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 highs recorded in 2007, this is a move in the right direction.? Much of the sustainable recovery is fuelled from the growth in the energy sector, spilling ... Full Article...
posted in General at Thu, 03 Jan 2013 07:57:21 -0700

Wednesday, December 19, 2012 - CREA Updated Resale Housing Forecast

OTTAWA ?December 17, 2012 ? The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations in 2012 and 2013.When CREA?s resale housing forecast was published in September, activity showed the first signs of slowing in the wake of new mortgage lending regulations. Demand has remained at lower levels, and this trend is expected to persist through the end of the year. ...
posted in General at Wed, 19 Dec 2012 08:52:28 -0700

Monday, December 3, 2012 - CALGARY RESALE MARKET REMAINS IN BALANCE

Calgary, Dec. 3, 2012 ? 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 has caused inventory levels to decline because new listings have not kept up.  However, the ratio between sales and inventory indicates the market remains in balanced territory. ?With fewer inventories in the market, consumers are ... Full Article...
posted in General at Mon, 03 Dec 2012 15:48:51 -0700

Thursday, November 22, 2012 - New Listing - C3546831

Just added this listing:"Looking for that great Investor opportunity here it is. This original Parkdale home sits on an ideal corner lot with an R-C2 land use designation. It's just minutes walk to the Hospital, the river pathways and a short drive to downtown. This three bedroom 1200 Sq/ft home features three bedrooms one bath and a good size kitchen/eating area. The dining room and Living room are bright and sunny with lots of windows. The original hardwood floors are in great condition and ... Full Article...
posted in Listings at Thu, 22 Nov 2012 05:00:00 -0700

Thursday, November 22, 2012 - New Listing - C3546682

Just added this listing:"Awesome apartment condo in the exclusive Exul building conveniently located in Renfrew at the top of hill overlooking Bridgeland. Just minutes to Edmonton Trail & Memorial Drive with quick access to DT and throughout the City. With over 900 sq ft, this high end two bedroom, two bathroom unit features a maple kitchen with a large granite island, wine/glasses rack, OTR microwave/hoodfan and stainless steel appliances. Spacious dining room and living room with gas ...
posted in Listings at Thu, 22 Nov 2012 05:00:00 -0700

Thursday, November 15, 2012 - Calgary housing market tops in Canada for sales growth

CALGARY ? Calgary?s resale housing market had the highest annual rate of sales growth in the country in October, according to the Canadian Real Estate Association. In releasing its monthly MLS data on Thursday, the association said sales in Calgary rose by 26.7 per cent to 2,104 transactions. Nationally, sales dipped by 0.8 per cent to 35,971. The average sale price in Calgary also outpaced the national average. Prices in the city rose by 5.0 per cent from a year ago to $418,721 while the price ... Full Article...
posted in General at Thu, 15 Nov 2012 08:33:57 -0700

Friday, November 2, 2012 - Calgary housing market does not show signs of slowing

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 the opposite direction, recording both sales and price growth,? said CREB® President Bob Jablonski.  ?However, despite the higher than anticipated sales growth this year our market is not ...
posted in General at Fri, 02 Nov 2012 08:19:18 -0600

Wednesday, October 31, 2012 - Calgary house prices flirting with 2007 peak level

CALGARY ? Calgary?s resale housing market in October is continuing to show very strong year-over-year sales growth with average prices competing with the peak level of 2007. According to the Calgary Real Estate Board, month-to-date until October 30, total MLS transactions in the city of 1,603 are up 23.88 per cent from the same period a year ago and the average sale price has risen by 7.22 per cent to $435,922. The October activity has pushed year-to-date sales to 18,616, an increase of 15.85 ... Full Article...
posted in General at Wed, 31 Oct 2012 15:15:15 -0600

Tuesday, October 23, 2012 - Bank of Canada keeps rate at 1% but hike on radar

OTTAWA ? The Bank of Canada answered some of its critics Tuesday, but only slightly, reworking the wording of its interest rate guidance, but signalling it is still looking to raise borrowing costs ? not lower them ? ?over time.? It also kept its trendsetting rate at 1%, where it has been since September 2010, a move that was universally expected. Many economists have been urging bank governor Mark Carney to rethink the bank?s rate-hike bias and keep options open on the timing of any change it ... Full Article...
posted in General at Tue, 23 Oct 2012 08:35:16 -0600

Wednesday, October 17, 2012 - New Listing - C3543596

Just added this listing:"The moment you enter the spacious foyer of this extremely well maintained home, you will appreciate the unique floor plan with its' large principal rooms which make it feel much larger than homes similar in size. The 3-sided stone fireplace is the focal point of the open great room style main floor with hardwood throughout. It features a large kitchen with a center island & lots of cupboards & counter space plus a spacious dining area and ample sized great room for ...
posted in Listings at Wed, 17 Oct 2012 06:00:00 -0600

Tuesday, October 9, 2012 - Alberta oil riches driving Canada's economy: BMO

CALGARY ? Canada?s economic growth is being driven by resource-rich Western provinces, according to a Bank of Montreal report released Tuesday. Alberta leads the pack, with the bank predicting 3.5% real GDP growth this year, falling back a bit to 2.9% in 2013. ?The energy sector remains the key driver of economic activity in the province, with crude bitumen production up 16% year-over-year through the first half of the year, and the Energy Resources Conservation Board expecting oil sands output ... Full Article...
posted in General at Tue, 09 Oct 2012 14:05:18 -0600

Tuesday, October 9, 2012 - Majority of Calgarians polled believe housing market is affordable

CALGARY ? The majority of Calgarians feel the city?s housing market is affordable, according to a survey by PwC. The survey indicated 64 per cent of respondents felt this way with 60 per cent saying it was "somewhat affordable" and four per cent saying it was "very affordable." But 33 per cent felt it was beyond their financial means, with 25 per cent saying it was "not affordable" and eight per cent indicating it was "not at all affordable." For the past month, Aryn Flette has been searching ... Full Article...
posted in General at Tue, 09 Oct 2012 08:31:20 -0600

Monday, October 1, 2012 - Calgary area sales and price growth continue, despite national trends

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. ?There has been significant discussion over the slowing national market,? said Bob Jablonski, CREB® President. ?However, Calgary is seeing improving sales activity and price growth with no ...
posted in General at Mon, 01 Oct 2012 14:53:54 -0600

Thursday, September 27, 2012 - It pays to work in Alberta

CALGARY ? Alberta has the highest average weekly earnings in the country and in July the province experienced the best month-over-over month growth in earnings in Canada. Statistics Canada reported Thursday that average weekly earnings in Alberta reached $1,094.85, up 2.5 per cent from June. It was also up 6.1 per cent from a year ago. Across Canada, average weekly earnings of non-farm payroll employees were $906.68, up 1.1 per cent from the previous month. On a year-over-year basis, earnings ... Full Article...
posted in General at Thu, 27 Sep 2012 09:06:56 -0600

Wednesday, September 26, 2012 - New Listing - C3541199

Just added this listing:"Looking for that quiet place to retire or just get away from the busy life then this beautiful home in Queenstown is your place. Queenstown is only 10 minutes from Milo & 35 minutes from Vulcan. This 1150 sq ft bungalow features a bright sunny country kitchen with lots of counter space, a large & sunny living/dining room, two great bedrooms and a 4pcs bath. The main floor also includes a roomy family room & laundry off the kitchen. The basement has another bedroom an ... Full Article...
posted in Listings at Wed, 26 Sep 2012 06:00:00 -0600

Sunday, September 9, 2012 - City growth slows while town sales continue to soar

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 ... Full Article...
posted in General at Sun, 09 Sep 2012 10:12:27 -0600

Tuesday, August 14, 2012 - Average house prices in Calgary region to jump by $20,000 in next two years

The average MLS residential sale price in the Calgary region will climb by more than $20,000 over the next two years, according to Canada Mortgage and Housing Corp.In its third quarter 2012 Housing Market Outlook, released Tuesday, the CMHC said the average MLS sale price in the Calgary census metropolitan area will jump from $402,851 in 2011 to $413,000 this year and then to $424,000 in 2013.The report also said MLS sales in the Calgary CMA will increase from 22,466 in 2011 to 25,200 this year ... Full Article...
posted in General at Tue, 14 Aug 2012 11:09:08 -0600

Thursday, August 2, 2012 - Calgary continues to buck national housing sale trends

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, Calgary continues to record improving sales and prices,? says Ann-Marie Lurie, Chief Economist for CREB®. ?The gains were supported from the economic growth ... Full Article...
posted in General at Thu, 02 Aug 2012 18:31:37 -0600

Sunday, July 29, 2012 - 'Average' house prices don't tell the whole story

There are better indicators to glean market trends. When someone asks how house prices are doing in a particular neighbourhood, the question seems easily answered. The big real estate boards all issue monthly price reports that spell out what the average selling price was in the previous month and how that compares to the month, and the year, before. But there's a problem with trying to divine market direction from average price data. It's just too blunt a tool. If real estate ? as the saying ... Full Article...
posted in General at Sun, 29 Jul 2012 06:50:48 -0600

Friday, July 27, 2012 - Alberta economy to lead Canadian growth in 2012

CALGARY ? The Alberta economic outlook is generally positive with the highest rate of growth for all provinces of 3.8 per cent this year, says the Conference Board of Canada in its latest forecast released Friday. ?But weak natural gas prices and volatile crude oil prices ? particularly the wide spread between Canadian crude and the international benchmark ? are leading to uncertainty about future capital spending plans in the energy sector,? said the board. The board forecasts that prices will ... Full Article...
posted in General at Fri, 27 Jul 2012 10:16:46 -0600

Thursday, July 5, 2012 - Calgary Real Estate market trending towards long term stability

Calgary, July 3, 2012 ? Residential sales in the City of Calgarytotaled 11,752 for the first half of this year, a 16-per-centincrease over the same period last year. The rise in sales hasbrought activity levels closer to long-term trends in the city.?Recent mortgage rule changes may dampen some of thegains in the resale market,? says Ann-Marie Lurie, CREB®?s chiefeconomist. ?But this is not expected to cause a full reversal ofeither sales or price growth, provided the global economicsituation ... Full Article...
posted in General at Thu, 05 Jul 2012 08:26:43 -0600

Thursday, June 28, 2012 - Calgarys population again on the rise, civic census reveals

Calgary?s population is booming again, rising to 1,120,225. Results of the city?s 2012 civic census released today shows significant growth of 29,289 new residents, or a 2.86 per cent increase from April 2011. The boom is similar to 2007, which saw the city population swell by 2.84 per cent. including growing multi-family to single family split of 43/57. That change is up from 20/80 in 2010. With 8,387 new homes, the city is seeing a 23 per cent increase from 2010. Last year?s census showed ... Full Article...
posted in General at Thu, 28 Jun 2012 17:04:12 -0600

Saturday, June 23, 2012 - The MLS Home Price Index Increased in May 2012

OTTAWA ? June 22, 2012 ? According to statistics released today by The Canadian Real Estate Association (CREA), the MLS® Home Price Index, the leading measure of Canadian home prices, increased in May 2012.Highlights: ?The Aggregate Composite MLS® Home Price Index rose 5.2% on a year-over-year basis in May 2012. ?Prices rose further in all five markets and in every Benchmark home category tracked by the index. ?Price increases were biggest in Greater Toronto (7.9%), followed by Calgary (4.8%), ... Full Article...
posted in General at Sat, 23 Jun 2012 08:49:31 -0600

Thursday, June 21, 2012 - Ottawa tighens mortgage rules to avert household debt crisis

OTTAWA ? The federal government is moving once again to tighten mortgage lending rules, announcing Thursday it?s reducing the maximum amortization period for a government-insured mortgage to 25 years from 30 years. The decision follows warnings from banks about an overheated housing market and rising household debt levels. The changes, announced by Finance Minister Jim Flaherty, are the third time the government has reduced the maximum amortization period in the last four years, ratcheting it ... Full Article...
posted in General at Thu, 21 Jun 2012 07:59:08 -0600

Wednesday, June 6, 2012 - Torontonians flee city to escape land transfer tax

Torontonians flee city to escape land transfer taxGarry Marr  Jun 5, 2012 ? 10:49 AM ET | Last Updated: Jun 5, 2012 11:36 PM ETReutersOn the average home in Toronto, the city's land transfer tax is now adding $7,100.36 to purchase price. The Toronto Real Estate Board say people in the city are moving to the suburbs to avoid the land transfer tax and it points to its latest statistics as evidence.Sales in the area continue to go up at a double digit pace but TREB says it is being driven by the ... Full Article...
posted in General at Wed, 06 Jun 2012 08:51:05 -0600

Saturday, June 2, 2012 - ACTIVE SPRING MARKET IN THE CALGARY REGION

Low supply in the single-family market boosting activity across all sectorsCalgary, June 1, 2012 ? May 2012 residential sales in the City ofCalgary increased by 31.8 per cent over last year, to 2,385,making it the highest May activity since the recession.?In the past month, easing concerns regarding Calgary?slong- term economic prospects combined with continued fulltimejob growth and low interest rates, has contributed to therise in housing demand, pushing sales to levels more consistentwith ... Full Article...
posted in General at Sat, 02 Jun 2012 08:19:50 -0600

Tuesday, May 29, 2012 - Calgary bucks the affordability trend

Royal Bank of Canada (RY-T50.970.541.07%) says home ownership was less affordable in most major Canadian cities during the first quarter, although Calgary and Edmonton bucked the trend. The latest RBC Economics report on home affordability says its index deteriorated sharply in Vancouver and to a lesser degree in Toronto, Montreal and Ottawa ? primarily due to higher real-estate prices. But the bank?s affordability index was unchanged in Calgary and improved in Edmonton compared with the fourth ... Full Article...
posted in General at Tue, 29 May 2012 11:29:08 -0600

Tuesday, May 15, 2012 - Calgary leads country in year-over-year MLS sales growth

Calgary led the country in April with the highest year-over-year growth in MLS sales, according to the Canadian Real Estate Association. In a report released Tuesday of housing market activity in Canada?s major centres, CREA said MLS sales of 2,720 in Calgary were up 30.3 per cent from a year ago. In Canada, sales of 49,480 for the month increased by 11.5 per cent from April 2011. The average MLS sale price in Calgary rose by 0.7 per cent to $414,932 while it was up 0.9 per cent in Canada to ... Full Article...
posted in General at Tue, 15 May 2012 08:10:10 -0600

Friday, May 11, 2012 - New Listing - C3522241

Just added this listing:"Here is a chance to live 10 min from downtown for under $360K in a totally renovated home in Albert Park. This 1431 sq ft 2 storey home has been renovated from top to bottom and has four bedrooms, two 4 pcs baths, one two pcs bath plus master ensuite. The renovations include a new roof, new windows (Triple pane), new doors, new siding, new high efficiency furnace & hot water tank. The kitchen is brand new with granite and high-end appliances. There is new tile floor in ... Full Article...
posted in Listings at Fri, 11 May 2012 06:00:00 -0600

Thursday, May 10, 2012 - Canada new home prices rise more than expected

OTTAWA ? The prices of new homes in Canada rose by 0.3% in March from February, the 12th consecutive monthly increase, Statistics Canada said on Thursday. The increase was slightly greater than the 0.2% advance predicted by market operators. Compared with March 2011 the index rose by 2.6%, up from the 2.3% year-on-year growth recorded in February. The metropolitan region of Toronto and Oshawa, representing 26.6% of the overall market, was the top contributor to the month-on-month advance, ...
posted in General at Thu, 10 May 2012 09:31:56 -0600

Thursday, May 10, 2012 - New Listing - C3522096

Just added this listing:"Don't miss this fabulous, bright, corner unit in popular Evergreen. Just a few minutes walk to Sobey's in Bridlewood and close to transportation. It features a vaulted, great room style floor plan and a spacious kitchen with maple cabinets, beautiful tile backsplash, corner pantry, over-the range microwave and island. Relax on the balcony with south and west exposure overlooking greenspace/trees. Two bedrooms including large master bedroom (fits a king bed!), four piece ... Full Article...
posted in Listings at Thu, 10 May 2012 06:00:00 -0600

Thursday, May 3, 2012 - New Listing - C3520860

Just added this listing:"Here is a great opportunity to buy a very affordable home or a rental property. This 1225 sq/ft 3 bedroom, two story home is located in the fabulous community of Somerset. From your front steps you're just minutes walk to the LRT, Shopping, Theaters, Restaurants and all the Schools and recreational facilities that south west Calgary has to offer. This home features a great kitchen with eating bar overlooking a bright and spacious family room with gas fireplace, lots of ... Full Article...
posted in Listings at Thu, 03 May 2012 06:00:00 -0600

Tuesday, May 1, 2012 - A RETURN TO TYPICAL SALES ACTIVITY IN THE CALGARY REGION

Calgary, May 1, 2012 ? For the month of April 2012, year-overyearsales activity improved across all sectors in the city. Calgary residential sales total 2,200 for the month, a 26 percent increase over levels recorded last year. ?The growth in full-time employment, combined withimproving migration levels, is translating into improveddemand for housing,? says Ann-Marie Lurie, CREB® chiefeconomist. ?While sales growth does seem exceptionallystrong, it is important to keep in perspective that the ... Full Article...
posted in General at Tue, 01 May 2012 13:16:31 -0600

Tuesday, May 1, 2012 - Calgary housing market soars in April

CALGARY ? It was a very busy April for Calgary?s housing market. According to the Calgary Real Estate Board, overall residential MLS sales in the city of 2,200 for the month were up 26.07 per cent from April 2011 and the average sale price of $429,388 increased by 1.95 per cent from last year. Carrie Pepper was one of the many caught up in the April activity as she bought a condo in the Thorncliffe-Greenview neighbourhood. ?I wasn?t even planning on buying. I was looking for two months maybe. I ... Full Article...
posted in General at Tue, 01 May 2012 08:06:56 -0600

Wednesday, April 25, 2012 - Bidding drives MLS home sale to $6 million, third highest ever in Calgary

CALGARY ? It is a testament of Calgary?s booming luxury home market.Recently it took only a couple of days for a home in the upscale Britannia neighbourhood to sell for $6 million as multiple bids upped the price by $1 million from what it was originally listed, making it the third highest-ever MLS sale in the city, the Herald has learned.The custom-built home, in a private ridge setting, was listed and sold by Rooney Cronin + Valentine of RE/MAX Real Estate Central. Sue Anne Valentine was the ... Full Article...
posted in General at Wed, 25 Apr 2012 08:47:54 -0600

Tuesday, April 24, 2012 - Alberta emerges on top after years of weaker housing starts

John Shmuel  Apr 11, 2012 ? 8:42 AM ET | Last Updated: Apr 13, 2012 4:45 PM ET Home construction is booming in the Prairies, and Alberta, after years of tepid housing starts, is leading the charge.The rate of residential construction, especially condominiums, has lagged the oil boom in Alberta in the past few years. But blockbuster housing starts in March ? they jumped 72% year over year ? hint that residential construction is getting hot again.The data were released by Canada Mortgage and ...
posted in General at Tue, 24 Apr 2012 09:19:35 -0600

Saturday, April 14, 2012 - Oil boom finally hits Alberta housing starts

Economists predict strong year for Prairies Home construction is booming in the Prairies - and Alberta, after years of tepid housing starts, is leading the charge.The rate of residential construction, especially condominiums, has lagged behind the oil boom in Alberta in the past few years.But blockbuster housing starts in March - they jumped 72 per cent year over year - hint that residential construction is getting hot again.The data, released by Canada Mortgage and Housing Corp., showed starts ... Full Article...
posted in General at Sat, 14 Apr 2012 08:28:59 -0600

Thursday, April 5, 2012 - New Listing - C3516294

Just added this listing:"Don't miss this lovely two storey home with mountain views in popular Bridlewood! The main floor features an open great room with a gas fireplace, awesome kitchen, dining area & patio doors to the large west facing deck. Imagine yourself relaxing on the deck enjoying the beautiful sunsets! The large kitchen is very functional with an eating bar, granite counters, terraced cabinets, movable island & walk through pantry. Upstairs boasts 3 bdrms plus a bonus room, master ... Full Article...
posted in Listings at Thu, 05 Apr 2012 06:00:00 -0600

Monday, April 2, 2012 - Single Family leads Calgary housing growth

Calgary, April 2, 2012 ? City of Calgary residential sales continued to rise in March 2012, reaching 2,167 units, an increase of 12.6 per cent over last March.?The rise in activity is related to the continued improvement of our economy and consumer confidence, as some concerns regarding the global economy have eased,? says Ann-Marie Lurie, CREB® chief economist.After the first quarter of 2012, sales are up by 7.3 per cent over the same time last year. While the increase is significant, when ... Full Article...
posted in General at Mon, 02 Apr 2012 15:46:04 -0600

Friday, March 30, 2012 - New Listing - C3515293

Just added this listing:"Looking for that rural retreat minutes from Calgary? Check out this 4000+ sq ft, 4 bdrm, 4 bath, custom bungalow just minutes to LRT, shopping, theatres & restaurants, situated in the picturesque rolling hills SW of Calgary. This fenced, landscaped, treed 3.73 acres has a dream 1400 sq ft heated & insulated shop, w/ 240 volt supply, hot/cold water, 16x10 & 10x8 shop doors, also storage compound, horse shelter & 3 paddocks. Built in 2009, the open--concept design of this ... Full Article...
posted in Listings at Fri, 30 Mar 2012 06:00:00 -0600

Wednesday, March 28, 2012 - New Listing - C3515184

Just added this listing:"Fantastic starter home for that growing family! This 1286 sq/ft Brookfield home is located in the family friendly community of New Brighton and features a bright & sunny open concept with large living room, kitchen and breakfast nook. The main level has a stunning 3-sided fireplace, ceiling speakers and gorgeous high-end laminate flooring. A chef's delight, the kitchen includes an Electrolux convection oven, Bosch dishwasher, high end cabinets, glass tile backsplash, ... Full Article...
posted in Listings at Wed, 28 Mar 2012 06:00:00 -0600

Monday, February 13, 2012 - Steady growth forecast for Calgary housing market

CALGARY ? Steady growth is forecast for Calgary?s housing market in the next two years, according to a new report released Monday by Canada Mortgage and Housing Corp. The agency said MLS sales in the Calgary census metropolitan area will grow to 23,000 transactions in 2012 and to 23,700 in 2013 from 22,466 in 2011. The CMHC said the average sale price will rise from $402,851 in 2011 to $409,000 in 2012 and $420,000 in 2013. The optimistic forecast also translates into the new housing ...
posted in General at Mon, 13 Feb 2012 08:21:41 -0700

Wednesday, February 8, 2012 - CALGARY HOME PRICES UP FROM A YEAR AGO

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 by the Canadian Real Estate Association in partnership with Canada?s five largest real estate boards ? Vancouver, Fraser Valley, Calgary, Toronto and ...
posted in General at Wed, 08 Feb 2012 07:51:24 -0700

Wednesday, February 8, 2012 - New Listing - C3507690

Just added this listing:"Country living in the city. Very few of the homes that back onto Fish Creek Park in Deer Run come on the market and this one is a gem. Open your front door and your only just steps from all the walking paths and facilities Fish Creek Park has to offer. This 1295 sq ft bright & sunny bungalow has had many renovations including the kitchen with newer cabinets and granite counter tops. Other renovations include hardwood floors, gas fireplace, paint and light fixtures. ...
posted in Listings at Wed, 08 Feb 2012 05:00:00 -0700

Thursday, February 2, 2012 - Typical January for Calgary real estate

Typical January for Calgary real estateThe 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 year-over-year volume of residential sales in the City of Calgary dropped, but the inventory of available homes declined even ... Full Article...
posted in General at Thu, 02 Feb 2012 08:39:49 -0700

Friday, January 20, 2012 - New Listing - C3504942

Just added this listing:"Don't miss this Great starter home in the very desirable neighbourhood of Evergreen. This immaculate Sunny end unit with attached Garage features 3 Bedrooms & 1 and half Baths. The fantastic open concept on the main floor has lots of windows, is painted in neutral colours, beautiful light laminate floors, Bright kitchen with maple cabinets and breakfast bar, cosy dining area, large living room with a beautiful stone faced gas fireplace & access to the sunny south facing ... Full Article...
posted in Listings at Fri, 20 Jan 2012 05:00:00 -0700

Tuesday, January 3, 2012 - Year-end figures demonstrate stable growth

Year-end figures demonstrate stable growth2011 a year of steady improvement for the housing market Calgary, January 3, 2011 ? According to figures released today by CREB® (Calgary Real Estate Board), Calgary residential sales in 2011 increased eight per cent over last year, with 18,568 sales for 2011 compared to 17,267 in 2010. Recovering from tepid sales activity in the first half of 2011, early improvements in employment and migration resulted in a pickup in housing demand in the second half ... Full Article...
posted in General at Tue, 03 Jan 2012 10:44:09 -0700

Friday, December 30, 2011 - New Listing - C3502789

Just added this listing:"It's time to take the next step & move out of that apartment & move into your new 2 story 3 bedroom 2 ? bath home located in the fantastic lake community of Auburn Bay. This great starter home features an open concept main floor. The living room with its large window is both bright & roomy & on a cold winter nights the cosy fireplace will keep you warm. The large kitchen features custom cabinets, lots of counter space, stainless steel appliances, ? bath & great ...
posted in Listings at Fri, 30 Dec 2011 05:00:00 -0700

Thursday, December 29, 2011 - CMHC Releases 2011 Canadian Housing Observer

CMHC Releases 2011 Canadian Housing Observer a Comprehensive Report on the State of Housing in Canada OTTAWA, December 29, 2011 ? Housing-related spending accounts for more than 20 per cent of Canada?s Gross Domestic Product, contributing about $330 billion to the Canadian economy in 2010 ? up 7.1 per cent from $308 billion in 2009. This and other key findings are in the ninth annual Canadian Housing Observer, released today by Canada Mortgage and Housing Corporation (CMHC). ?The Observer is ... Full Article...
posted in General at Thu, 29 Dec 2011 17:05:38 -0700

Thursday, December 1, 2011 - Calgary Housing Sales Trending Up

Calgary Housing Sales Trending UpStable Pricing Providing Opportunities for Buyers Calgary, December 1, 2011 ? According to figures released today by CREB® (Calgary Real Estate Board), Calgary residential sales in November increased eight per cent over last year, at 17,538 after the first 11 months of the year. While sales activity tends to taper off in the winter months, so far this year Calgary area sales remain significantly stronger than levels recorded last year. Single family home sales ... Full Article...
posted in General at Thu, 01 Dec 2011 17:27:16 -0700

Tuesday, November 29, 2011 - Growth of mortgage debt slows

Growth of mortgage debt slows
Tara Perkins
Globe and Mail Update
Published Tuesday, Nov. 29, 2011 11:02AM EST
Last updated Tuesday, Nov. 29, 2011 12:15PM EST

The rate at which Canadians have been racking up new mortgage debt has slowed in recent months, lending credence to the theory that the country’s housing market will hold up, Canada Mortgage and Housing Corp. suggests.

The crown corporation released its third-quarter financial results Tuesday, offering a new glimpse into the country’s mortgage market.

“The level of household debt remains a concern but there are encouraging signals,” it said.

The growth of mortgage debt has significantly decelerated since March, particularly in recent months, it said.

The growth of personal loans, lines of credit and credit cards has also levelled off recently. But the largest debts that Canadians hold are their mortgages, and so the trend in that area is helping to reduce the growth rate of total household credit.

At the same time, CMHC says is analysis suggests house prices are in line with demographic changes and economic growth.
“CMHC, in consultation with the Bank of Canada and the Department of Finance, is continuing to refine models and techniques used to help identify risks of house price bubbles,” it stated. “At the moment, there is little evidence of a significant over-valuation in the Canadian housing market overall, although some centres warrant close monitoring.”
CMHC expects housing markets to stabilize next year, and house prices to grow modestly going forward.

Finance Minister Jim Flaherty took action earlier this year to reduce the growth of mortgage debt, including tightening up the rules surrounding mortgage refinancing, and decreasing the maximum length of insured mortgages from 35 years to 30. (Canadian mortgages must be insured if borrowers have a down payment of less than 20 per cent).

CMHC says that the refinance activity it’s seeing, which initially fell by nearly 40 per cent, is still down 25 per cent compared to the level it was at before the new rules came into effect. The overall level of mortgage insurance that’s being sought from the crown corporation dipped by about 10 per cent initially, but has since recovered.

 

posted in General at Tue, 29 Nov 2011 11:55:02 -0700

Friday, November 25, 2011 - Alberta to lead Canada in job creation, construction over next two years

By Mario Toneguzzi, Calgary Herald November 25, 2011 7:19 AM CALGARY ? Alberta is poised to be Canada?s economic growth leader in the next two years, according to the Conference Board of Canada?s Provincial Outlook ? Autumn 2011. The board forecasts Alberta to have the highest year-over-year real gross domestic product growth in the country at 3.6 per cent in 2012 and 4.5 per cent in 2013, up from 3.1 per cent this year.?Alberta is poised to enter another period of prolonged economic expansion. ... Full Article...
posted in General at Fri, 25 Nov 2011 07:56:04 -0700

Tuesday, November 22, 2011 - Five Great Things about Homeownership

Five Great Things about Homeownershipby Carla Hill If you've been on the fence about homeownership, now is the time to take a leap! Don't let the negative press deter you from one of life's greatest joys. Take a look at five short and sweet reasons that homeownership is great! 1. Equity. When you pay rent, you never see that money again. It is lining the landlord's pocket. Yes, buying a home may come with some hefty initial costs (downpayment, closing costs, inspections), but you will make that ... Full Article...
posted in General at Tue, 22 Nov 2011 08:48:55 -0700

Saturday, November 19, 2011 - Real estate: All's going to get quiet on the western front

Real estate steady Canada's real estate market is expected to hold steady for the next year, kind of a Goldilocks thing in that it won't be too hot and it won't be too cold."Canadian housing continues to look balanced, with some local markets performing better than others," Robert Kavcic of BMO Nesbitt Burns said this week after the Canadian Real Estate Association reported that prices in Canada rose 5.5 per cent in October from a year earlier, below September's 6.5 per cent and the slowest ... Full Article...
posted in General at Sat, 19 Nov 2011 09:34:27 -0700

Tuesday, November 1, 2011 - CALGARY'S HOUSING MARKET SET TO OUTPACE 2010

CALGARY?S HOUSING MARKET SET TO OUTPACE 2010Several Calgary Communities Get a Boost in Sales and PriceCalgary, 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 communities saw increased sales levels compared to last year. Garrison Woods, Collingwood and Mahogany saw the largest sales ... Full Article...
posted in General at Tue, 01 Nov 2011 11:51:16 -0600

Tuesday, October 25, 2011 - Grow op homes leave emotional and physical scars on their Calgary communities

October 25, 2011Grow ops occur all around the city, but tend to group in newer suburbs where, police speculate, connections between neighbours have yet to be established.Grow ops occur all around the city, but tend to group in newer suburbs where, police speculate, connections between neighbours have yet to be established.Photograph by: Calgary Herald Archive, . Maxine Hendricks and her husband were returning home from a shopping trip to Costco last month when they heard the most terrible sound ... Full Article...
posted in General at Tue, 25 Oct 2011 14:42:28 -0600

Monday, October 24, 2011 - Calgary housing market is currently under balanced conditions.

CALGARY ? The Conference Board of Canada says Calgary?s housing market is currently under balanced conditions. In a report released Monday, the board said the seasonally-adjusted annual rate of resales in Calgary was 22,308 units in September, up from 20,040 units in September 2010. The annualized rate for new listings during the month was 44,712, up from 44,076 a year ago. The conference board said the sales-to-new listings ratio increased to 0.464 from 0.426 last year. House prices, though, ... Full Article...
posted in General at Mon, 24 Oct 2011 08:13:59 -0600

Monday, October 3, 2011 - HOMEBUYERS CONFIDENCE HOLDS STEADY DESPITE GLOBAL TURMOIL

HOMEBUYERS CONFIDENCE HOLDS STEADY DESPITE GLOBAL TURMOILSales gain momentum in the first three quarters of 2011Calgary, October 3, 2011 ? According to figures released today by CREB® (Calgary Real Estate Board), residential sales continued to gain momentum in Calgary this year, totaling 14,832 after the first three quarters, a seven per cent per cent rise over last year.?Despite recent turmoil in the global economy, Calgarians are showing confidence in the long term prospects for the city and ... Full Article...
posted in General at Mon, 03 Oct 2011 12:52:02 -0600

Tuesday, September 27, 2011 - Distracted Driving Law in Effect

Distracted Driving Law in EffectNow in Effect Highlights: Restricts drivers from:using hand-held cell phonestexting or e-mailingusing electronic devices like laptop computers, video games, cameras, video entertainment displays and programming portable audio players (e.g., MP3 players)entering information on GPS unitsreading printed materials in the vehiclewriting, printing or sketching, andpersonal groomingComplements the current driving without due care and attention legislationApplies to all ... Full Article...
posted in General at Tue, 27 Sep 2011 16:58:57 -0600

Tuesday, September 27, 2011 - August 2011 Housing Starts

OTTAWA, September 9, 2011 ? The seasonally adjusted annual rate1 of housing starts was 184,700 units in August, according to Canada Mortgage and Housing Corporation (CMHC). This is down from 204,500 units in July 2011. ?Housing starts in August were in line with current demographic fundamentals and are consistent with CMHC?s recent Housing Market Outlook,? said Mathieu Laberge, Deputy Chief Economist at CMHC?s Market Analysis Centre. ?Housing starts decreased in all regions, except the Prairies ... Full Article...
posted in General at Tue, 27 Sep 2011 08:34:35 -0600

Tuesday, September 27, 2011 - Housing resale market steady in August

The global economic turmoil that roiled stock markets around the world in August left no discernable trace on the Canadian housing market, according to figures from the body that represents the bulk of the country's real estate agents. The Canadian Real Estate Association's August resale housing report showed sales of existing homes held steady from July and posted a significant gain from year-earlier levels. Robert Kavcic, economist with BMO Capital Markets, said the stability of the real ...
posted in General at Tue, 27 Sep 2011 08:31:55 -0600

Tuesday, September 27, 2011 - Canadian housing market growing in face of economy jitters

OTTAWA ? Canada?s housing market ?remains a notable out-performer? in comparison to other countries, where renewed doubts about the strength of the global economy are weakening an already fragile real-estate scene, says a report released Tuesday. The Bank of Nova Scotia said in an assessment of the global housing market that high unemployment, concerns over the financial health of some European governments, signs the global economic recovery is slowing down and recent stock-market volatility ... Full Article...
posted in General at Tue, 27 Sep 2011 08:24:52 -0600

Tuesday, September 6, 2011 - New Listing - C3491411

Just added this listing:"Don't miss this beautiful home located in Popular Panorama Hills. This awesome Jayman 4 bedroom 2 storey home has over 2350 sq ft but feels much larger with all the extra large windows & has views from both front & back. You're only a short walk to schools, shops, theatres & Cardel Place. On the main floor is a large dining room, den/office, open great room style family room, kitchen & sunny breakfast nook (10 ft ceilings). The kitchen has new quartz counter tops, black ... Full Article...
posted in Listings at Tue, 06 Sep 2011 06:00:00 -0600

Thursday, September 1, 2011 - CALGARY HOMEBUYERS TAKE ADVANTAGE OF AFFORDABILITY AND CHOICE

CALGARY HOMEBUYERS TAKE ADVANTAGE OF AFFORDABILITY AND CHOICEUpper-end home and entry-level condo sales get a boostCalgary, 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 family sales over $700,000 recorded this year, compared to 779 reported for the same period in 2010.At the same time, sales for condos priced below $200,000 also received ... Full Article...
posted in General at Thu, 01 Sep 2011 15:55:05 -0600

Wednesday, August 24, 2011 - House prices in the Calgary region are expected to rise

CALGARY ? House prices in the Calgary region are expected to rise in the next two years, according to Canada Mortgage and Housing Corp. In a new forecast report released Wednesday, the CMHC said the annual growth rate for MLS average prices in the Calgary census metropolitan area will rise by 2.2 per cent in 2011 and by the same amount in 2012. The average sale price will reach $407,500 this year and $416,500 next year. The CMHC is forecasting MLS sales in the Calgary region of 22,000 this ...
posted in General at Wed, 24 Aug 2011 11:04:57 -0600

Tuesday, August 16, 2011 - MLS sales and average prices are forecast to increase in Alberta this year and next year,

CALGARY ? MLS sales and average prices are forecast to increase in Alberta this year and next year, according to the Canadian Real Estate Association. In a new forecast released Tuesday, CREA said sales in the province will increase by 7.3 per cent this year over last year to 53,350 units and rise by another 6.8 per cent in 2012 to 57,000 sales. The year-over-year percentage hikes are the highest in Canada in each of the next two years. The association also predicts the average sale price in ... Full Article...
posted in General at Tue, 16 Aug 2011 12:38:13 -0600

Wednesday, July 6, 2011 - CONDO AND HOME SALES FIND THEIR FOOTING

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, the year-to-date increase proved a moderate 2 per cent. Strong monthly increases does not imply a housing boom, as it is important to put into perspective that sales activity remains below long term averages. While the single family market has shown signs of improvement ...
posted in General at Wed, 06 Jul 2011 11:02:30 -0600

Sunday, July 3, 2011 - New Listing - C3482751

Just added this listing:"Take the 1 1/2 hour drive south of Calgary to your new 70 acre piece of paradise. This property is located on the south side of Barons Alberta & is only a 15 minute drive to Kehoe Lake. This lake features fishing, boating & is well known for its wind surfing. You're also only a 40 minutes drive from Little Bow Provincial Park & McGregor Lake. Since this acreage is currently without a house the simplest way to put a house on it is to move an existing home of your choice ... Full Article...
posted in Listings at Sun, 03 Jul 2011 06:00:00 -0600

Wednesday, June 29, 2011 - Renovation Spending Reaches $22.8 Billion Across 10 Major Centres

OTTAWA, June 29, 2011 ? An estimated 1.9 million households, surveyed in 10 major centres, indicated they completed renovations last year, a slight decrease from the 2.1 million households that completed a renovation in 2009. This represents 42 per cent of homeowner households (down from 50 per cent in 2009), according to the Renovation and Home Purchase Survey1 released today by Canada Mortgage and Housing Corporation (CMHC). The average cost of renovations was $12,972. ?Almost $23 billion was ... Full Article...
posted in General at Wed, 29 Jun 2011 15:44:13 -0600

Wednesday, June 15, 2011 - National resale housing activity remained stable in May compared to April.

Seasonally adjusted national home sales activityedged down by less than one per cent in May 2011 compared to the previous month. Among major markets were activity declines in Vancouver and Ottawa, offsetting gains in Edmonton and Toronto, where sales reached the second highest level on record for the month of May.Actual (not seasonally adjusted) activity came in 2.7 per cent above levels reported last May. This was the first year-over-year increase in more than a year, reflecting falling sales ... Full Article...
posted in General at Wed, 15 Jun 2011 08:06:26 -0600

Tuesday, June 7, 2011 - Housing pricing picture firmer in Calgary

CALGARY ? A new report released Tuesday by BMO Capital Markets says the national housing picture in Canada masks major underlying differences in valuations among three of the country?s four largest cities ? Vancouver, Calgary and Toronto. The report flags the possibility of lower prices in Vancouver, steadier to softer prices in Toronto and firmer prices in Calgary in the near future. ?In addition, Canada?s real estate market is vulnerable to a correction if there is a rapid rise in interest ... Full Article...
posted in General at Tue, 07 Jun 2011 14:59:30 -0600

Saturday, June 4, 2011 - New Listing - C3478381

Just added this listing:"Here is an opportunity to live in a secluded location with lots of privacy in an older established neighbourhood. This 1961, 1667 sq ft bungalow features a beautiful main floor living room with vaulted ceilings, fireplace & large windows looking out to a downtown view. The remodeled master GET-AWAY suite has a large walk-in closet, sitting area & a garden door to the deck. The master ensuite features a jetted tub, large shower, two sinks & a great view of the treed ...
posted in Listings at Sat, 04 Jun 2011 06:00:00 -0600

Wednesday, June 1, 2011 - Click here for the statistics package. Please note, you will need your Clareity Security token to ac

INNER CITY HOUSING MARKET LEADS IN SALESBuyers find value in inner city communities Calgary, 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 sales totaled 1,816 in May 2011, a 2 per cent increase in volume over May 2010. However, slower early spring sales resulted in the overall year-to-date sales being 3 per cent ...
posted in General at Wed, 01 Jun 2011 14:11:45 -0600

Wednesday, June 1, 2011 - New Listing - C3477693

Just added this listing:"Here is a chance to buy a NEW year round Lake Home & finish it to your tastes. This home is located at one of Southern Alberta's best kept secrets! Can you imagine driving 1.5 hours from Calgary to a fabulous lake resort. Little Bow Resort is located on Traver's Reservoir one of the warmest spots in Alberta where cactus grows wild. This deep, beautiful, & clean lake has all the requirements for a great recreational get away. In the summer enjoy, boating (Little Bow has ... Full Article...
posted in Listings at Wed, 01 Jun 2011 06:00:00 -0600

Monday, May 30, 2011 - MLS sales in the Calgary region to increase by nearly five per cent this year

CALGARY ? A report by Canada Mortgage and Housing Corp. forecasts MLS sales in the Calgary region to increase by nearly five per cent this year compared with a year ago while the average sale price will rise by just over one per cent. The CMHC?s Spring 2011 Calgary Housing Market Outlook, released Monday, predicted MLS sales in the Calgary census metropolitan area would hit 22,000 this year, up by 4.8 per cent, and increase a further 2.3 per cent in 2012 to 22,500 transactions. The agency ...
posted in General at Mon, 30 May 2011 11:17:55 -0600

Monday, May 9, 2011 - New Listing - C3474163

Just added this listing:"This sunny 4 level split home located in mature neighborhood of Deer Ridge boasts many upgrades including high efficiency (96%) furnace (2010), hot water tank, humidifier, some windows, some lighting, ensuite tile floor, counter & sink, attic insulation, stucco & metal cladding for no mtnce exterior. And that's not all, there's an upgraded kitchen & new paint in most of the home. Did I mention the vaulted ceilings & bay windows? This home features a total of 4 bdrms, ... Full Article...
posted in Listings at Mon, 09 May 2011 06:00:00 -0600

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