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Thursday, September 3, 2020 - August home sales in Calgary

August home sales consistent, but COVID-19 impacts continue City of Calgary, September 1, 2020 ? Total residential sales in August were relatively stable compared to last year with year-over-year gains in the detached and row sectors. These gains offset declines in the apartment and semi-detached products.  With 1,573 sales in August, this is consistent with levels over the past five years. Year-to-date sales activity remains nearly 13 per cent below last year. ?Recent national reports have ... Full Article...
posted in Calgary housing statistics at Thu, 03 Sep 2020 22:55:20 +0000

Saturday, August 8, 2020 - Calgary's housing market 2020

Housing market second quarterly report released City of Calgary, July 27, 2020 ? The second quarter of 2020 marked the first full quarter since COVID-19 began to weigh on the economy. Calgary housing sales slowed by 35 per cent compared to the previous year. This is better than original expectations, thanks to June figures that were far stronger than initial estimates. The pullback in new listings in the second quarter caused inventories to trend down, preventing a more significant decline in ... Full Article...
posted in Calgary housing statistics at Sat, 08 Aug 2020 21:34:49 +0000

Tuesday, June 23, 2020 - Spring cleaning check list

Spring might have officially started on March 19, but as Calgarians know, ?spring? in this city is an elastic concept. Now that temperatures are rising and nature is showing new signs of life, it?s time to give your home the spring-cleaning treatment. Thanks to the ongoing COVID-19 outbreak, keeping your living space clean (and sanitized) is more important than ever. Due to social distancing measures, people are spending the bulk of their time at home, and the novel coronavirus can live on ...
posted in Calgary housing statistics at Tue, 23 Jun 2020 16:07:18 +0000

Wednesday, June 10, 2020 - Additional costs to consider with a new home purchase

While budgets, like rules, are often made to be broken, there are some additional costs associated with the purchase of a new home that buyers should keep in mind to avoid breaking the bank. ?A lot of that added expense is items outside the home, such as landscaping, fencing and decks,? said Karl Bursnell, sales contracts manager for Homes by Avi. ?Most builders will also offer a turnkey package that includes landscaping, but typically, for a single-family, detached home, you are doing it ...
posted in Calgary housing statistics at Wed, 10 Jun 2020 22:10:26 +0000

Thursday, May 21, 2020 - How to find the right window treatments for your home

When it comes to modern window treatments, the selection is so vast that choosing the right ones for your home can be a challenge. Lynn Hickey, owner of Lynne?s Window Treatments Inc., says people should first consider how they live in their home and use the various rooms. For instance, Hickey says, if you like to sleep with windows open, then blinds might be a bad choice since wind can rattle them and disturb your sleep. Similarly, curtains on a window over a kitchen sink can get wet or ...
posted in Calgary housing statistics at Thu, 21 May 2020 16:34:11 +0000

Sunday, May 17, 2020 - Impact of coronavirus on Real Estate

The impacts of the new coronavirus on Canadian real estate is expected to be ?modest and temporary at most,? says a report by the Real Estate Investment Network (REIN). ?It?s still premature to predict how the coronavirus outbreak will be resolved, but data suggests that panic will only worsen the country?s economic situation. There is reason to be alert, but there?s absolutely no reason to further raise alarm and cause more public fear,? says Jennifer Hunt, vice president, research for REIN. ... Full Article...
posted in Calgary housing statistics at Sun, 17 May 2020 22:08:57 +0000

Saturday, April 25, 2020 - New communities in Calgary NE

Home to a broad selection of communities focused on nature and quality of life, the ?new northeast? offers an accessible location, convenient amenities and plenty of green space. Here are a few new communities that are capturing attention in northeast Calgary. Cityscape Launched in 2013, Cityscape?s location south of Country Hills Boulevard N.E. and east of Métis Trail gives residents easy access to the airport, as well as several major routes in and out of the city. The community features a ... Full Article...
posted in Calgary housing statistics at Sat, 25 Apr 2020 22:46:43 +0000

Wednesday, April 15, 2020 - Residents rejoice as SW BRT is completed

It has been quite a ride for some of those affected by the construction of the Southwest Bus Rapid Transit (BRT), so the project?s completion comes as good news for more than just riders. The project ? one of four additions to Calgary?s transit system ? includes new BRT stations throughout the route and the addition of bus-only travel lanes on 14 Street S.W. between Southland Drive and 75 Avenue S.W. ?The impetus for the entire MAX BRT initiative was to create a network of rapid transit buses ... Full Article...
posted in Calgary housing statistics at Wed, 15 Apr 2020 14:45:19 +0000

Wednesday, April 1, 2020 - March statistics

  Media release: COVID-19 weighing on housing market City of Calgary, April 1, 2020 ? After a strong start to 2020, economic conditions have dramatically changed, as COVID-19 is impacting all aspects of society. The economic impact is starting to be felt across many industries. This includes the housing market. March sales activity started the month strong, but quickly changed, as concerns regarding the spread of COVID-19 brought about social distancing measures. This had a heavy impact on ...
posted in Calgary housing statistics at Wed, 01 Apr 2020 17:22:55 +0000

Wednesday, March 4, 2020 - High River has bounced back

The town of High River, located 30 minutes south of Calgary on the banks of the Highwood River, has bounced back from the trials and tribulations of the 2013 floods with grace and determination. A mere six years later, the town has a fresh new look. Its downtown high street offers a pedestrian-friendly environment and pleasing human-scale architecture. Flood mitigation has been a crucial piece of the community?s rebuild. More than $100 million has been invested, making High River the most ...
posted in Calgary housing statistics at Wed, 04 Mar 2020 22:15:17 +0000

Saturday, February 15, 2020 - 10 decorative trends to avoid

1.Adding toilet rugs or furry seat covers to the commode may be the worst offense of all. 2. Inspirational quote art. Tired sayings, such as ?love you to the moon and back,? may be losing popularity. ?EAT? signs in the kitchen and ?LAUNDRY? signs in the laundry room are obvious and redundant, and thankfully, they?re starting to disappear, too. Nineteen percent of respondents to the Samsung survey said inspirational quote art stenciled onto walls was one of their least favorite design trends. 3. ... Full Article...
posted in Calgary housing statistics at Sat, 15 Feb 2020 17:07:18 +0000

Thursday, February 13, 2020 - Top DIY mistakes by Generation

Many homeowners attempting to save money on household projects are turning to DIY projects. But do-it-yourself fixes can be costly, shows a new survey from Clovered, a home insurance company. Eighty-seven percent of more than 1,000 homeowners recently surveyed admitted to making a mistake while attempting a do-it-yourself home improvement project. The median amount spent on fixing those DIY mistakes was $137.50, the survey showed. Millennials tended to spend the most in fixing their mistakes, ... Full Article...
posted in Calgary housing statistics at Thu, 13 Feb 2020 16:34:35 +0000

Monday, February 3, 2020 - 2020 opens with a slight gain in sales

City of Calgary, February 3, 2020 ? Housing market conditions continue to follow similar trends to last year, with gains in sales. At the same time, there have been further reductions in new listings, inventory and more declines in prices. January sales activity was 863 units, nearly eight per cent higher than last year?s levels. While sales remained well below January activity recorded before 2014, they remain consistent with activity recorded over the past five years. ?A persistent slowdown ... Full Article...
posted in Calgary housing statistics at Mon, 03 Feb 2020 22:05:53 +0000

Thursday, January 16, 2020 - Day 4 Caribbean Real Estate Cruise

  Day 3 was a meet and greet with my fellow Realtors and then it was off to board the newly renovated Celebrity summit for our 10 day cruise. We awoke on day 4 to the beautiful island of St. Kitts where we travelled to the southern part of the island. This exclusive sheltered development allows you to sail your yacht into it's own private berth. Ownership gives you membership into the luxurious members club with an infinity pool and outstanding food and service from the staff. Development is in ... Full Article...
posted in Calgary housing statistics at Thu, 16 Jan 2020 20:13:23 +0000

Thursday, January 2, 2020 - More signs of stability

Media release: Calgary?s real estate market in December caps off 2019 with more signs of stability City of Calgary, January 2, 2019 ? December sales improved to levels more consistent with activity recorded over the past five years. This follows weak sales activity last year. A stronger second half in 2019 was enough to push annual sales up by one per cent. ?Price declines, lower mortgage rates and some modest improvements in full-time employment helped support some demand growth in the city. ... Full Article...
posted in Calgary housing statistics at Thu, 02 Jan 2020 23:55:53 +0000

Saturday, November 30, 2019 - 10 clever ideas for small kitchens

1. Ditch the fruit bowl Many people have the token fruit bowl?or basket?that takes up prime real estate on their counter. Try placing small bins inside a deep drawer to store fruit and vegetables that don't need to be refrigerated. 2. Store on the door With just a little paint and some hooks, you're all set to make your own measuring station and conversion cheat sheet on the inside of a cupboard door. Just think, no more searching on your smartphone or tablet with sticky, food-covered ...
posted in Calgary housing statistics at Sat, 30 Nov 2019 16:45:18 +0000

Thursday, September 5, 2019 - August Market update

August sales increased by 6%! Enjoy my newsletter with the full August MArket update. Copy and paste the link below. Let me know if you would like this newsletter sent to you on a monthly basis. Newsletter 
posted in Calgary housing statistics at Thu, 05 Sep 2019 18:18:15 +0000

Friday, August 30, 2019 - Buying a vacation Property?

 Vacations give us time to spend with family and friends, a time to kick back and relax, away from the noise and hustle of home. Some might consider owning their own piece of paradise. Having a second home for getaways sounds great, and often, it?s even a really good long-term investment. Here?s the good news -- buying a vacation property is easier than you think, but don?t jump in blind. You absolutely need to work with professionals with specialized knowledge to help you purchase and finance ... Full Article...
posted in Calgary housing statistics at Fri, 30 Aug 2019 22:03:18 +0000

Saturday, August 10, 2019 - Curb appeal tips to sell your home

Here are nine curb appeal areas you and your clients need to pay attention to: Clean the siding, front door, windows, porch, driveway and walkway with a power washer to clear the winter?s dirt, dust and cobwebsClear out dead plants and shrubs from garden beds and plantersPlant frost-hardy plants like hostas, begonias, pansies and sedumsAdd fresh mulch to the garden bedWeed and mow the lawn regularlyFix any uneven interlocking stonesRepaint the porch or stair railingsMakes sure no weeds are ...
posted in Calgary housing statistics at Sat, 10 Aug 2019 21:23:14 +0000

Monday, April 1, 2019 - March housing update

  Media release: Oversupply persists despite improved sales activity for affordable product City of Calgary, April 1, 2019 ? March saw a modest decline in city wide sales activity compared to last year. However, sales have been rising for more affordable product in the detached and attached sectors. Shifts in the lower end of the market have not outweighed easing across the higher priced product. First-quarter sales dropped to 3,108 units. This is nine per cent below last year and 28 per cent ... Full Article...
posted in Calgary housing statistics at Mon, 01 Apr 2019 19:48:56 +0000

Sunday, February 17, 2019 - Fascinating facts in Calgary's housing market

Largest Calgary community by population (2018 Census)Panorama Hills (25,861) For comparison, here are a few of Calgary?s smallest communities by population (2018 Census)Eagle Ridge (311), Bel-Aire (376), Roxboro (396), Mayfair (430), Queen?s Park Village (430) Highest sales month (total residential)*March 2007 (3,259 units) Highest sales year (total residential)*2006 (27,198 units) Lowest sales month (total residential)*December 1995 (603 units) Lowest sales year (total residential)*1995 ...
posted in Calgary housing statistics at Sun, 17 Feb 2019 22:19:34 +0000

Thursday, January 3, 2019 - December 2018 housing stats for Calgary & area

 

Media release: Job market weakness and lending restrictions a common thread in 2018’s housing market

City of Calgary, January 2, 2019 –

As oversupply continues in Calgary’s housing market, December prices eased by one per cent compared to last month and are over three per cent below last December. 

“Persistent weakness in the job market and changes in the lending market impacted sales activity in the resale market this year,” said CREB® chief economist Ann-Marie Lurie.

“This contributed to elevated supply in the resale market, resulting in price declines.”

December sales totalled 794 units, a 21 per cent decline over the previous year. Overall year-to-date sales in the city totalled 16,144 units. This is a 14 per cent decline over 2017 and nearly 20 per cent below long-term averages.

Inventory levels in December sat at 4,904 units. This is well above levels recorded last year and 30 per cent above typical levels for the month. Elevated resale inventories in 2018 were caused by gains in the detached and attached sectors.

Throughout 2018, the months of supply remained elevated and averaged 5.2 months. This contributed to the annual average benchmark price decline of 1.5 per cent. Price declines occurred across all product types and have caused citywide figures to remain over nine per cent below the monthly highs recorded in 2014.

“Both buyers and sellers faced adjustments in expectations this year. Sellers had to compete with more choice in the resale market, but also the new-home market,” said CREB® president Tom Westcott.

“With less people looking for a home, it became a choice between delaying when to sell or adjusting the sale price. However, buyers looking for more affordable product did not find the same price adjustments that existed in some of the higher price ranges.”

More information on the 2018 housing market will be released at CREB®’s 2019 Forecast Conference & Tradeshow (www.crebforecast.com) on Jan. 30, 2019.

 

HOUSING MARKET FACTS

Detached

Detached sales declined across all districts in 2018. With citywide sales of 9,945 units, activity remains 21 per cent below typical levels for the year.
Detached inventories were higher than last year’s levels for each month of the year, including December. Slow sales caused the market to be oversupplied through most of 2018.
Detached benchmark prices totalled $481,400 in December, a one per cent decline over last month and a three per cent decline over last year. Overall, 2018 prices declined by 1.5 per cent compared to last year.
Prices have eased across most districts in 2018. The largest declines this year have occurred in the North East, North West and North districts.

 

Apartment

Apartment sales totalled 2,663 units in 2018. While the decline is less than other product types, levels are 22 per cent below long-term averages.
The apartment condominium sector has struggled with oversupply for almost three years and 2018 was no exception.
However, supply has been easing, as inventories this year averaged 1,584 units, one per cent below last year’s levels.
Despite slowing supply growth, the market remained oversupplied, causing further price declines. In December, benchmark prices were $251,500, over two per cent below last year. Annually, prices have declined by nearly three per cent for a total decline of 14 per cent since 2014.
Price declines this year have ranged from a high of nearly six per cent in the East district to a low of two per cent in both the City Centre and North West districts.

 

Attached

Declines for both row and semi-detached product resulted in 2018 attached sales of 3,536 units, a 15 per cent decline over the previous year and 14 per cent below long-term averages.
Slower sales activity prompted some pull-back in new listings, but this was limited to the row sector. Row new listings declined by four per cent and semi-detached new listings rose by nearly 15 per cent in 2018.
Despite some adjustments to new listings, inventory levels remained elevated, keeping the market in buyers’ market territory and putting downward pressure on prices.
In December, the semi-detached benchmark price totalled $397,500. This is a monthly and year-over-year decline of 0.8 and 3.8 per cent, respectively. Recent price declines have caused this sector to erase any of the gains that occurred last year, as 2018 prices remain just below 2017 levels. Overall, annual prices remain 1.4 per cent below 2014 peak levels.
Row prices have also been edging down. As of December, row prices were $288,400, a 1.5 per cent decline from last month and nearly four per cent below last year’s levels. Overall, 2018 prices remain two per cent below last year’s levels and nearly 10 per cent below previous highs.

 

REGIONAL MARKET FACTS

Airdrie

In 2018, the Airdrie housing market was distinctly marked by oversupply and signs of buyers’ market conditions. Compared to last year, inventory levels and months of supply have been significantly higher, combined with lower levels of sales. This has led to downward pressures on the benchmark price for detached homes.
Annual residential sales exhibited a year-over-year decline of 14 per cent and were almost 19 per cent lower than activity over the past 5 years. This consistent decline was observed across all product types.
Supply in 2018 was at record-high levels, with new listings achieving a new year-to-date peak for most of the year. Inventories have also been continuously increasing throughout this year and are 12 per cent higher than in 2017. Months of supply have increased steadily and averaged 5.6 months in 2018.
Persistent oversupply has resulted in a decline in Airdrie prices.  In 2018 detached benchmark prices averaged $369,042, over two percent below last year

 

Cochrane

Declining by 64 units, 2018 sales in Cochrane were lower than the previous year. However, an annual count of 599 sales remains comparable to activity over the past three years.
In 2018 there were 1,288 new listings, the highest on record.  Elevated new listings and easing sales resulted in rising inventories and months of supply that averaged nearly 7 months.  
Elevated supply has caused detached prices to trend down over the second half of the year, however, it was not enough to offset earlier gains.  In 2018, detached benchmark prices have remained comparable to last year.

 

Okotoks

2018 residential sales in Okotoks were 463 units, a decline over last year and comparable to 2010 activity.
Gains in new listings combined with slower sales resulted in rising inventory and excess supply in this market. 
Despite increased supply and weak sales, detached home prices in Okotoks showed modest increases in 2018. The average detached benchmark price totalled $434,875, which is one per cent higher than last year.

Source Creb Jan 2.2019

posted in Calgary housing statistics at Thu, 03 Jan 2019 03:49:36 +0000

Thursday, November 22, 2018 - Peace & Quiet living in Calgary?

Springbank offers tranquil lifestyle and stunning views on Calgary?s western outskirts As the summer sun rises in the bold, blue Alberta sky, Lisa Neiles revels in the quiet, as she sips her coffee on the deck of her home on Calgary?s western perimeter in Springbank Hill. She says that the peacefulness, along with the easy access to the city, attracted her and her husband to the area. ?I love how we can sit on our deck and hear nothing but the birds chirping,? said Neiles. ?It is rare you can ... Full Article...
posted in Calgary housing statistics at Thu, 22 Nov 2018 18:47:32 +0000

Tuesday, August 7, 2018 - tips for decluttering

A cluttered home or workspace can be stressful and distracting. Although getting rid of clutter can sometimes seem overwhelming, by taking small and manageable steps you can quickly and easily reclaim your space. See our checklist below, it will help you feel more calm and productive as you begin. Our junk truck teams have seen lots of clutter in their days. We?ve been able to put together a list to help you prepare for de-cluttering your life during spring cleaning. 1. Be Prepared: Don?t start ... Full Article...
posted in Calgary housing statistics at Tue, 07 Aug 2018 17:59:07 +0000

Sunday, July 8, 2018 - wine room?

In-home wine cellars? popularity on the rise Canadians love to kick back and enjoy a good sip or smooth tipple ? after all, we spent $7 billion on wine alone in 2016, according to Statistics Canada. So it?s no surprise that people are building the activity into their homes. Whether a leisure-time imbiber, a hobbyist or a serious collector, wine racks, wine rooms and wet bars have become popular additions to new-home designs and renovated homes alike. Pieter Spinder is president and chief design ... Full Article...
posted in Calgary housing statistics at Sun, 08 Jul 2018 15:37:53 +0000

Tuesday, April 3, 2018 - March 2018 housing statistics

Housing Market Inventory on the Rise. As expected, slow sales this quarter have persisted through March in the City of Calgary. This is not a surprise, after stronger growth in sales at the end of last year following the announced changes to the lending market. First quarter sales totaled 3,423 units, nearly 18 per cent below last year's levels and 24 per cent below long-term averages. Easing sales and modest gains in new listings caused inventories to rise and months of supply to remain above ... Full Article...
posted in Calgary housing statistics at Tue, 03 Apr 2018 16:02:19 +0000

Tuesday, January 23, 2018 - December 2017

Sales activity for all product types improved in December and pushed monthly sales to long-term averages for the second month in a row. However, new listings also rose, keeping inventory elevated compared to typical levels for December. With more supply remaining compared to sales, benchmark prices edged down for the fifth consecutive month.   "Many of the economic indicators continue to post modest improvements, including improving sales. However, demand gains have not outpaced the additional ... Full Article...
posted in Calgary housing statistics at Tue, 23 Jan 2018 23:41:57 +0000

Saturday, July 15, 2017 - June housing market update

June spells a gradual recovery Stable prices in detached sector signal balanced conditions despite increased inventory Calgary's housing market in June saw a modest improvement in sales along with an increase in new listings. However, demand gains have not kept pace with the amount of new listings coming onto the market. This caused inventory levels to increase to 6,659 units, which is 11 per cent higher than last year's levels.  Despite the recent shift in inventory this month, second quarter ... Full Article...
posted in Calgary housing statistics at Sat, 15 Jul 2017 18:21:21 +0000

Monday, April 24, 2017 - A place for plants

By following three simple rules, you can keep your apartment plants happy and healthy They say you should raise a plant before you raise a pet ? it?s a warm-up activity. At the very least, tropical plants are easier to take care of, and cheaper too. Apartment-ready plants, typically in four inch (9 cm) pots, are available at most grocery stores. At that size they?re not a big financial or emotional investment. Plus, tiny tropical varieties are just so cute. Before bringing home a baby ...
posted in Calgary housing statistics at Mon, 24 Apr 2017 17:53:20 +0000

Friday, March 10, 2017 - February sales

Detached sales activity boosts February housing market After the first two months of the year, Calgary's detached sector continues to drive a slow transition in the housing market. February sales totaled 1,342 units, which is still 19 per cent below long-term averages, but an improvement over the past two years. As sales kept trending upward, detached inventory levels continued to ease in February. These conditions caused months of supply to fall to 2.4 months, putting less downward pressure on ... Full Article...
posted in Calgary housing statistics at Fri, 10 Mar 2017 17:32:29 +0000

Monday, March 6, 2017 - current newsletter

how to incorporate the hottest fashion trends into your home decor? Having guests over for brunch? Serve them this carb friendly Crustless quiche Here is a Number Cruncher for those of you who like challenges Get tips on finding a trusted real estate lawyer Could living architecture be coming to a building near you? http://DMSConnect.cld.bz/Courtesy-of-Pat-LanukeCurious
posted in Calgary housing statistics at Mon, 06 Mar 2017 17:27:16 +0000

Wednesday, January 14, 2015 - Housing forecast for 2015

I was at the CREB Forecast this morning and the here is the general  housing forecast for 2015: Housing sales are forecasted to ease by four per cent this year, due to market uncertainty and changes in economic climate, while prices are expected to remain relatively stable with a modest increase of 1.58 per cent on an annual basis, CREB said today in its annual forecast.  If you have any questions or for a copy of the forecast, please do not hesitate to contact  me.
posted in Calgary housing statistics at Wed, 14 Jan 2015 21:52:54 +0000

Friday, January 2, 2015 - December housing stats

Condominium and townhouse sales set a new record for 2014 It was a record setting year for Calgary?s condominium apartment and townhouse sectors, as sales reached new annual highs despite year-over-year residential sales declines of 7.5 per cent in December. Single family sales totaled 708 units in December, a year-over-year decline of 8.3 per cent. Meanwhile, total condominium sales also declined by six per cent over the same time frame, but overall activity remained consistent with long-term ... Full Article...
posted in Calgary housing statistics at Fri, 02 Jan 2015 19:40:13 +0000

Sunday, November 16, 2014 - Calgary resale housing moves to more of a balanced market!

To read the full article go to: http://www.creb.com/public/media-resources/2014/2014_11_03_Media_Release_-_October_2014_Housing_Stats.pdf  
posted in Calgary housing statistics at Sun, 16 Nov 2014 19:44:08 +0000

Saturday, October 4, 2014 - September statistics

http://www.youtube.com/watch?v=uznpkWBD-3w&feature=youtu.be  
posted in Calgary housing statistics at Sat, 04 Oct 2014 16:49:52 +0000

Wednesday, June 4, 2014 - May housing statistics

Residential sales in the city of Calgary totaled 2,948 units in May, a 16 per cent increase over the previous year. Sales last month were well above long-term trends and are the highest May activity on record. ?Strong sales activity is a reflection of improving fundamental conditions such as a growing population, favourable lending rates and rising wages,? says CREB® chief economist Ann-Marie Lurie. ?Leading up to May, resale market sales were somewhat restricted by lack of choice. However, ... Full Article...
posted in Calgary housing statistics at Wed, 04 Jun 2014 19:23:11 +0000

Friday, January 3, 2014 - December 2013

December?s eight per cent year-over-year increase in sales volume in the city of Calgary capped a year that saw an 11 per cent growth in sales volume for the entire 12 months. City residential sales totaled 1,172 units in December, bringing total sold units for 2013 to 23,489. Prices for the year were up by 8.6 per cent over 2012. ?Sales growth exceeded expectations in 2013, pushing above long-term trends,? said Ann-Marie Lurie, CREB®?s chief economist. ?Two consecutive years of elevated levels ... Full Article...
posted in Calgary housing statistics at Fri, 03 Jan 2014 17:08:59 +0000

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