Found 30 blog entries tagged as Calgary Real Estate Market.

Calgary Real Estate Statistics Show Strong Growth

The 2013 Calgary real estate market 2013 performed well with a “perfect storm” of several factors pushing its growth rate to double this year's expectations.

According to Becky Walters, president of Calgary Real Estate Board (CREB®), the rocketing real estate prices and sales this year can hardly be matched in terms of growth in 2014. This year's exceptional growth was due to a combination of tight rental market, the June flood and influx of newcomers to Calgary.

Year-to-date, Calgary housing sales as of December 29 increased more than 10% from the previous year. The average Calgary home selling price increased 6.5% from 2012 to $456,686 this year. Walters said it was the biggest surprise for…

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Demand for Calgary Residential Real Estate Market Remains High

For the first time in several years, demand in the Calgary residential real estate market has reached its strongest level. Buyer enthusiasm in Calgary real estate continues to dominate while inventory of Calgary homes for sale falls. This combination is pushing the Calgary real estate market back into the sellers territory – a turnaround not seen since 2007.

According to a recent Calgary 2014 Housing Market Outlook report, multiple offers for Calgary homes for sale reoccurred in 2013. This is amid increasing competition especially for single-family homes, but not with the frantic mode that took place in 2007.

Calgary home buyers, with post-recession mindset, are now more cautious, the…

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Calgary Real Estate is Booming

The tremendous growth in redevelopment activities in southwest Calgary clearly shows signs that Calgary real estate is booming. Calgary realtors redeveloping Calgary Real Estate.

Calgary real estate is booming

Calgary's southwest community of Marda Loop shows the fastest redevelopment of Calgary real estate residences. This collection of neighborhoods has been transformed by infills over the past decade.

For Altadore neighborhood, there have been 94 new construction permits issued this year - for detached and semi-detached Calgary house for sale.

After the 2006 Calgary real estate post-boom slowdown, values of new homes for sale have now surged, creating a gentrification area with positive cycle feedback.

The increasing demand for…

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Upsurge in Household Income Eases Calgary Housing Affordability

Overall Affordability in Canadian Housing Market Down

A recent report by Desjardins Group Economic Studies reveals a decline in the overall housing market affordability in Canada compared to its average level in the last 25 years.

According to the report, the decline in housing market affordability is attributable to the surge in prices of homes for sale in Canada, surpassing household income during the third quarter, coupled with slight increase in mortgage rates.

However, the same report shows that the sharp increase in average household income in Calgary real estate makes buying a house easier in this city. Although the Affordability Index by Desjardins is slightly below…

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Calgary Real Estate Prices Set to Increase in 2014

The Conference Board of Canada recently reported that home prices for Calgary real estate resale market are expected to increase the most in the short term. According to the report, a forecast of a 7% or higher increase in year-over-year Calgary homes for sale prices is seen for the short term – the best in the entire country.

The board further reported that the annual seasonally-adjusted rate of MLS Calgary sales for the month of September increased by 15.1% from the previous year to 31,896. Listings for Calgary housing likewise increased by 2.9% to 42,696. From the same report, average price of homes for sale rose 8.7% from the previous year.

In 2012, a report from the board stated that Calgary…

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Calgary Housing Prices Geared Upward

According to a recent Royal LePage Foothills survey, Calgary housing market continue to climb due to robust demand, coupled with low inventory of homes for sale, during the third quarter of this year.

The sustained low inventory status in Calgary housing market, the healthy economy and strong influx of workers in the corporate sector triggered the housing prices upsurge, according to the owner/broker at Royal LePage Foothills, Ted Zaharko. He said that potential buyers swarm the market once a listing comes to the market, resulting in multiple offers.

Zaharko further observed that Calgary home sales activity was the highest in the month of September for several years. The extra activity of flood victims who…

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Calgary Housing Market Reveals House Prices Still Rising

Strong demand, coupled with low inventory has recently pushed Calgary home prices higher, according to a data released by Royal LePage. In its recent Market Survey Forecast and House Price Survey for the second quarter, the real estate firm revealed a year-over-year increase of 5.9% in prices of detached bungalows to $457,889; an increase of 6% for condominium prices to $261,933; and for standard 2-storey homes an increase of 6.7% to $453,789.

According to broker and owner of Royal LePage Foothills, Ted Zaharko, the low inventory of Calgary houses for all categories has driven prices upward. He said that potential buyers swarm the market once a listing comes to the market resulting in multiple…

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Calgary House Prices Reach Peak

Calgary's resale housing market for the month of June made the highest record MLS® average sale prices, both for single-family homes and the city's overall market.

The Calgary Real Estate Board (CREB®) recently released data on the city's overall MLS average sale price for June, showing a 5.6% increase to $466,458 from last year's $462,076, surpassing May's record of $462,076. CREB® also reported an increase in average sale price of single-family homes for the month of June to $527,162, a 7.7% increase from last year's figure. It also surpassed May's record of $521,887.

According to Rachelle Starnes, Realtor® at Royal LePage Foothills, the recent flood in Calgary suddenly changed the market. With the recent selling…

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January 2013 Calgary Regional Housing Market Statistics released by the Calgary Real Estate Board (CREB®) for the City of Calgary confirmed a 15.2% increase in residential sales activity over January 2012. The breakdown showed 1,230 residential units sold in the City of Calgary in January 2013 (which includes single family homes, condominium townhomes and condominium apartments) compared to the 1,068 units sold in January 2012. The Benchmark Price of $392,000 was up 8.4% from January 2012's $361,800 but relatively unchanged from December 2012's $390,100. January 2013's Calgary resale market performance continued to build on the record breaking year that the City of Calgary experienced in 2012.


The new President of CREB®, Becky Walters, commented,…

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Alloy Homes makes Stunning Energy-Efficient Homes

A Calgary-based home builder established in 1997, Alloy Homes offers integrated turnkey services in design, real estate, construction and post-occupancy, with finished projects found not only across Western Canada, but also in the United States.

Alloy HomesAlloy Homes is a small-volume home builder that is able to provide personal attention to each client, making sure they realize the dream home they deserve. All throughout the design and building process, Alloy Homes is at its client's side. Its overriding objective is to ensure that its clients will get the home they dream of at a reasonable price. This Calgary home builder also caters to its clients' real estate needs, from acquisition of the land to…

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