Crystal Tost (403) 264-7653

Calgary Real Estate Blog

Celebrity Homes: From Childhood to Now

For many celebrities, the road to stardom was paved with many bumps as they truly experienced the “rags to riches” fairytale. In other cases, some celebrities appeared to already be enjoying a fairly lavish lifestyle before their rise to celebrity. To that end, here’s a look at a few celebrities and the homes where they grew up versus where they are today.

Hayden Panettiere 

Hayden Panettiiere grew up in this modest home in Palisades, New York in a location that was just 10 minutes from the Hudson River.  

Hayden Panettiere Childhood Home

 

Today, the actress, model and singer calls Nashville her home. The re-imagined 5,000-square-foot home was...

Spooks in the City: Best Calgary Neighbourhoods for Trick or Treat

best-calgary-neighbourhoods-trick-or-treat

Best Calgary Neighbourhoods for Hallowe'en Action

Where are the best Calgary neighbourhoods for Hallowe’en celebrations this year?  Where the best candy is dispensed at the door – where ghosts and goblins roam in the greatest numbers and spooky decorations are sure to delight trick or treaters of all ages?

Through the magic of social media and software developers who analyze data from the census bureau, it’s fairly easy to see which Calgary neighbourhoods boast large numbers of  kids with a large percentage of dwellings.

Some of Calgary’s more dense neighbourhoods where families are purchasing homes may see heavier traffic.  Inner-city areas such as West Hillhurst, Sunalta, Bankview and Altadore are two such areas.  As more families...

Sept 2017 sales dip in an otherwise better year for Calgary real estate

calgary-real-estate-fall

We just got the stats for September 2017 and sales slipped a little in Calgary real estate last month.  The good news is that we had some good numbers in the first six months of 2017 and this activity managed to boost our year-to-date average up by 7% over 2016.  It’s still 11% under those long-term averages, and I agree with the Calgary Real Estate Board's take on the market – with more listings coming in and sales slowing in this last quarter of the year, we’re going to have to work hard to maintain our optimism!

There was a bump in inventory last month – we were up by 6,861 units – with attached properties and apartment condos setting a record for the highest inventory ever.  That means,...

Luxury Calgary real estate listings slowly recovering

luxury-calgary-realestate-listings

Fall forecast is for moderate sales and stabilizing prices

I wouldn’t say that million-dollar-plus home buyers are lining up to snap up some premiere Calgary real estate listings, but they’re certainly expressing some sincere interest.

A forecast by one of Canada’s luxury real estate firms has issued some promising statistics though.  Over the summer, there were 112 luxury homes featured in Calgary real estate listings for over $1 million that sold to some pretty special buyers.  Single-family home sales in this sector and some fairly opulent attached home sales (think Altadore or West Hillhurst)...

Calgary Real Estate buyers revel in condo over-supply

Calgary Condo Sales slow but moving

Calgary condo sales slow but still moving

It doesn’t appear to make sense.

We’re approaching the final quarter of this calendar year and in the world of Calgary Real Estate, there are record numbers of apartment-style condominiums on the market.   Canada Mortgage and Housing says there may be in excess of 2,000 empty units in Calgary. Yet, more brand-new condo buildings continue to be built, especially in the inner city and surprisingly, in the northeast.  All while owners of resale units are watching their days-on-the-market numbers pile up.

While it may appear fool-hardy to build more, even though our economy is slowly picking up, it’s important...

Government of Canada Announces New Mortgage Qualifying Rules

Government of Canada Announces New Guidelines Affecting Mortgage Qualifying Guidelines 

The Government of Canada has announced some changes to the guidelines affecting mortgage insurance that can have a significant impact on homebuyers and how much they can borrow for a mortgage loan. With these changes going into effect on October 17th, those who are thinking about purchasing a home may want to get the homebuying process started before the new changes go into effect if they hope to increase the housing options that are available to them for purchase. 

Understanding Mortgage Insurance 

According to Canadian federal statutes, mortgage lenders are required to purchase mortgage default insurance for homebuyers who do not make a down payment that is at least 20 percent of the property purchase price. Also referred to as high loan-to-value or high-ratio insurance, this coverage protects the lender if the homebuyer defaults on the loan. Providing the lender with this...

Calgary Real Estate Market Statistics August 2016

The Calgary housing market was almost like a tale of two cities during the month of August, with the detached housing market having a much different outcome than the higher-density segments. Nonetheless, sales activity was down overall within the Calgary housing market, with total sales reaching just 1,567 for the month.



Benchmark Prices Show a More Complete Picture

Overall, sales for detached homes fell during the month of August within the Calgary housing market. The number of new listings also declined, thereby stopping the inventory from reaching its previous highs. In turn, this has limited the downward pressure placed on housing pricing within the market. The picture wasn’t quite the same within the attached and apartment sectors, however, with both having recorded inventory levels near to their August highs....

Calgary Real Estate Market Statistics July 2016

The most recent CREB report has found that sales activity continues to decline in the City of Calgary. Just as the city has continued to struggle in all economic aspects, so has its housing market. This condition has only been further exacerbated by the declining net migration levels within the city.

Slowing Housing Sales

According to the CREB report, housing sales activity in Calgary reached a total of 1,741 units during the month of July. This represents a 12.6 percent decrease when compared to the same time last year, making it the 20th consecutive month in which the city has experienced a drop in year-over-year sales. As the number of unemployed workers within the city continues to grow, the net migration continues to fall and job loss continues to be a problem, the overall state of the housing market has also continued to weaken. 

A Drop in New Listings...

Calgary Real Estate Market Statistics May 2016

Despite optimism related to recent oi price gains, the Calgary real estate market - housing inventory was once again on the rise during the month of May.

New Listings Combined with Slowed Sales Lead to an Increase in Housing Inventory

As new listings climbed and sales slowed to just 1,923 units, The Calgary Real Esttae Market inventory was once again on the rise. Unfortunately, due to a weakness in the labour market, demand for Calgary housing also remained weak during the month of May. While most of the focus had previously been on the oil industry, job loss is now starting to spread into other sectors. Meanwhile, wages are falling and unemployment levels remain high in Calgary. As such, housing inventory supplies are on the rise as well as supplies within the new home, rental and resale markets.

According to the latest Calgary Real Estate Board report, inventory levels in Calgary increased by 14 percent in May when compared to the previous month, reaching a total of 6,148 units. While ever product type...

Calgary Real Estate Statistics April 2016

The Calgary real estate market remains in a buyers market into April as we head into May. The average price of a detached home increased slightly from March.

Calgary Real Estate Market Absorption Rates and Inventory Levels

Calgary Real Estate Market infographic April 2016 - Calgary in a buyers market - Average sold Price $476,427

The Calgary real estate market imbalance in the residential resale Calgary housing market continued to have an impact on citywide prices in April. Meanwhile, as new listings increased, year-over-year sales fell and resulted in inventory gains within all sectors of the market. All of these factors have combined together to create a decline in benchmark prices for the seventh consecutive month....