MyHomeMyCalgary.com Blog

Just sold this listing: "Welcome to this well maintained "Tipperary" model Centrex built home featuring quality materials & workmanship. The main floor offers a spacious front foyer; formal living room and dining room with "built-ins"; a chef's kitchen with attractive raised panel cabinets, granite counter tops & adjoining large breakfast nook; warm inviting Great Room with cozy gas fireplace; and 2 piece powder room. Upstairs you are treated to a master suite with a retreat area and private 4 ... Full Article...

CALGARY — Alberta MLS sales activity is forecast to show the biggest year-over-year gains in the country in the next two years, according to the Canadian Real Estate Association. In a report released Monday, CREA said MLS sales in the province would grow by 6.8 per cent this year to 57,400 and by another 1.7 per cent in 2013 to 58,400. Across the country, CREA forecasts 0.3 per cent growth in 2012 to 458,800 transactions but a decline of 0.3 per cent in 2013 to 457,200 units. The average ... Full Article...

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, mainly due to increased activity in the surrounding towns. “City sales were boosted by a lot of activity in the last week of the month,” says Bob Jablonski, CREB® president. “This points towards the impr ... Full Article...

      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 faster in January 2012.       The City of Calgary residential market recorded 1,078 sales in January, ... Full Article...

For resale house hunters, 2012 is lining up to be a year of stability. That’s the message from this week’s annual forecast conference of the Calgary Real Estate Board. “It’s a nice, steady, relaxed atmosphere for buyers and sellers,” says incoming president Bob Jablonski in his outlook for the coming year. CREB’s forecast includes an average sale price of $476,000 for resale homes this year, up 2.1 per cent from 2011. It also predicts sales to reach 14,800, m ... Full Article...

Increasing consumer confidence in the second half of the year will boost the city's resale housing market pushing MLS sales and average prices higher for the year, says the Calgary Real Estate Board. At its annual forecast breakfast on Wednesday, CREB predicted single-family home sales would jump 12.2 per cent in 2012 to 14,800 transactions while the average sale price would increase by 2.1 per cent to $476,000. It also forecasts year-over-year sales growth of 5.9 per cent for condominiums to 5 ... Full Article...

CALGARY — Bob Jablonski will take over as president of the Calgary Real Estate Board on Wednesday when the organization officially releases its forecast for the 2012 housing market. Jablonski, who replaces outgoing president Sano Stante, comes in after Calgary’s resale MLS market showed some signs of rebounding in 2011. Single-family home sales of 13,186 were 9.06 per cent higher than the previous year while condominium sales rose by 3.98 per cent to 5,382. Jablonski, who has been a ... Full Article...

When it comes to resale housing activity in Calgary this year, there are different scenarios being presented. But while the presentations differ, the message is positive. On one side, TD Economics says Calgary resale prices are overvalued and that a correction is coming in terms of sales activity. On the other side, and with no beating around the bush, Canada Mortgage and Housing Corp.’s forecast says flat out that prices and deals finalized will both increase. As for predictions from the ... Full Article...

    On December 30th, 2011 the Calgary Real Estate Board announced several rule changes for the coming year.  The most interesting change came in the area of reporting conditional sales.  In the past, when an offer on a home was accepted that home was removed from the market until the conditions (home inspection, etc...) were satisfied.  Once conditions were removed the home would be reported as 'sold'.  In some cases, if the offer fell through, the home would be put back on the market and open ... Full Article...

According to Calgary Real Estate Board President Sano Stante the Calgary Real Estate market is poised to turn the corner in 2012.  Full article can be found here, highlights below. - In 2011, there were 13,186 singlefamily MLS sales in Calgary, up 9.06 per cent from the previous year, while the average sale price increased by 1.14 per cent to $466,402 - There were 5,382 condo sales, up 3.98 per cent, but the average price dipped by 0.94 per cent to $287,172.

2011 a year of steady improvement for the housing market Calgary, January 3, 2012 – 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 of the year. By the end of Jun ... Full Article...

National resale housing activity rose slightly in November 2011 over October 20111 according to stat's released by the Canadian Real Estate Association. Some highlights: •Sales activity rose slightly (+0.5 per cent) from October to November on a seasonally adjusted basis. •Year-to-date sales remained in line with the 10 year average, but pulled further ahead of last year’s levels. •The number of newly listed homes was down 3.4 per cent from October to November. •Th ... Full Article...

Stable 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 totaled 962 for the month, an ... Full Article...

Calgary Herald.  November 22nd, 2011. A single-family home in Rideau Park sold recently for $4,525,000. It is the highest priced MLS sale so far this year in the city. When hearing about this sale, I was curious about Calgary’s all-time top 10 MLS sales by price. Also, when did these sales take place and what neighbourhoods were these homes located in? Turns out the top 10 are all single-family properties. Here is the list courtesy of the Calgary Real Estate Board: 1. $10,300,000, single- ... Full Article...

Strong in-migration, population growth and a vibrant oil and gas sector have pushed Calgary average house prices to an increase of 126 per cent in the past decade, says a new report published Monday by Re/Max. The report said renovation spending and new construction have been "considerable" secondary factors propping up values throughout the city between 2000-2010. The report also said the total value of residential building permits in the city during that period was the third highest in the co ... Full Article...

CALGARY'S HOUSING MARKET SET TO OUTPACE 2010 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 communities saw increased sales levels compared to last year. Garrison Woods, Collingwood and Mahogany saw the largest sales ... Full Article...

By Mario Toneguzzi, Calgary Herald September 16, 2011 MLS sales in Calgary rose by 22.1 per cent in August compared with a year ago - a greater year-overyear rate of growth than the rest of the country. The Canadian Real Estate Association said Thursday that Calgary recorded 1,907 MLS sales for all residential properties during the month for an average price of $394,251, up 2.2 per cent from last year. New listings in Calgary rose by 11.7 per cent in August to 3,819 and the sales as a percentag ... Full Article...

Upper-end home 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 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 a boost, pointing to a growing number of first-ti ... Full Article...

CALGARY — The Harmonized Sales Tax in British Columbia has been a ‘disaster’ for the recreational property market in the province and the scrapping of it will open the doors for prospective buyers, many from Alberta, who have been sitting on the sidelines. “It’s going to be well received. It’s going to be huge because the HST has been a real detriment to recreational properties, developed lots on lakes, secondary houses, people coming out and buying a place o ... Full Article...

CALGARY — Sales in the luxury home market have ballooned in Calgary this year. According to the Calgary Real Estate Board, sales for upper-end residential properties are way above the pace set a year ago. As of Tuesday, there were 291 single-family MLS sales over $1 million this year compared with 234 for the same period in 2010. Also, 18 condominiums have been sold year-to-date in the upper-end price bracket, compared with 11 in 2010. Miranda Pearson, with the Boutique Realty Group Ltd. ... Full Article...

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 higher-end homes. The improved selection of homes in all price ranges will continue to contribute to the balanced conditions in Calgary’s housing market. ... Full Article...

RE/MAX Ranks Highest in Customer Satisfaction in 2011 J.D. Power and Associates Study RE/MAX. Denver, CO (PRWEB) July 28, 2011 Results from the J.D. Power and Associates 2011 Home Buyer/Seller Study?, recognize RE/MAX for providing the highest overall consumer satisfaction for both home buyers and home sellers. In last year’s study, two different companies ranked the highest in each category, but this year home buyers and sellers both rated RE/MAX the highest. “It all comes down to ... Full Article...

OTTAWA – July 15, 2011 – According to statistics released today by The Canadian Real Estate Association (CREA), home sales activity over MLS® Systems of Canadian real estate Boards climbed in June 2011 compared to May. Highlights: Sales activity climbed from May to June, with a big year-over-year gain reflecting falling demand in June 2010. Year-to-date sales remain in line with the ten-year average. The number of newly listed homes also rose from May to June. National housing mar ... Full Article...

CALGARY — Canadians spent $23 billion on renovations in 2010 and a survey of the country’s major metropolitan areas says Calgary households were the least likely last year to do work on their homes. The Canada Mortgage and Housing Corp. Renovation and Home Purchase Survey, released Wednesday, said 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 renova ... Full Article...

EDMONTON - An executive from a big-name construction company drew laughs at a recent business conference when he urged everyone in the room to go home and make babies - so dire is the need for workers in Alberta. It's no joke for employers. The labour shortage that plagued Alberta with long lines for service and inflated costs for purchases from burgers to upgraders is back. The underlying factors never went away even when the economy tanked in late 2008 and 2009, argues Mike Corbett, senior vi ... Full Article...

Putting the contentious issue of secondary suites to a plebiscite is a sure way of wasting up to $1 million. City council needs to resolve the issue on its own. That's why we elected them. This council showed with water fluoridation that it is capable of tackling tough issues. Holding a plebiscite on secondary suites will solve nothing. Because it arises from an aldermanic motion rather than a citizen's initiative, it will not be binding on council. Sure, it would give them direction, but that ... Full Article...

The Canadian Press Posted: Jun 15, 2011 9:11 AM ET Last Updated: Jun 15, 2011 5:39 PM ET Read 73 comments73 Back to accessibility links Supporting Story Content Story Sharing Tools Share with Add This Print this story E-mail this story End of Supporting Story Content Back to accessibility links Beginning of Story Content A hot real estate market in Vancouver helped drive home sales in Canada higher in May and push the average price was up 8.6 per cent, according to the Canadian Real Es ... Full Article...

Calgary's house prices could firm up in the near future after suffering a 17 per cent correction during the recession. A new report released Tuesday by BMO Capital Markets said 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. Soa ... Full Article...

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 lower than the 2010 spring market. As the city grows, improvements in the inner ci ... Full Article...

Ottawa - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The global economic recovery is proceeding broadly as expected in the Bank’s April Monetary Policy Report (MPR). The U.S. economy continues to grow at a modest pace, limited by the consolidation of household balance sheets. Growth in Europe is maintaining momentum, although the risks relate ... Full Article...

March 2011 Calgary Real Estate Market Report http://tinyurl.com/5to2u8z

Calgary House Prices Expected To Increase By Mario Toneguzzi, Calgary Herald CALGARY — Short-term year-over-year price growth is expected to be in the five to seven per cent range for Calgary, according to the Conference Board of Canada. In releasing its monthly Metro Resale Index on Wednesday, the board said Calgary’s real estate market is currently classified as being under balanced conditions. In February, the average residential resale price rose to $406,216, up from $401,743 th ... Full Article...