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.