Based on the most recent data, many experts are ready to declare that Calgary's housing market has started to recover. While prices are still falling short of reaching the highs they attained in 2007, the sales volume was up by 15 percent when comparing 2012 to 2011 statistics.
While new listings fell by seven percent when comparing 2012 to 2011, growth was experienced in nearly every other area of the housing market. Single-family homes, for example, increased by 15 percent, representing a pace that was much faster than the total condominium market within the city. As a result, the single-family home inventory has fallen significantly, resulting in an increase in prices. Although prices in most communities remain below their 2007 levels, the price spread is expected to shrink as market conditions continue to foster increased growth.
For the month of December, the unadjusted single-family benchmark price was $434,800, representing an...
The Holidays Are Here!
Christmas is fast approaching and like me, I hope you are excited to spend time with family and friends over the holidays. A tradition in our family, like many families is to whip up a collection of holiday baked goods. Treats for the family, to make as gifts or simply to take with you to holiday gatherings for everyone to enjoy. A favorite in our house are Gingerboy Cookies. Below is a recipe for these delectable treats you might want to try this year.
6 cups all purpose flour 1 tablespoon baking powder 1 tablespoon ground ginger 1 teaspoon ground nutmeg 1 teaspoon ground cloves 1 teaspoon ground cinnamon
1 cup shortening, melted and cooled slightly 1 cup molasses 1 cup packed...
According to the most recent Housing Market Statistics report released by the Calgary Real Estate Board, the resale market remains in balance, regardless of the decline in inventories. Mean while sales growth subsides slightly stabilizing the overall market. With less inventory, consumers are more cautious today and take their time to review all their options, says CREB President, Bob Jablonski.
Below is the complete stats package for the month of November. Please don't hesitate to let me know if you have any questions or comments regarding anything in this report.
Summer time in the city!
We're a little more than half way through the summer and what a summer it has been. Awesome weather and some milestone celebrations as we celebrated the Calgary Stampede's 100th Anniversary.
The heat wave is going continue to for a bit longer so I thought I would share with you 3 tips for keeping your home cool and comfortable for the whole family, without air conditioning.
- Keep Window Coverings Closed - We all love to have that natural light and sun beaming through into the rooms of our homes, but during warm summers like what we're having, this can boost the thermostat an unwanted 15-20 degrees. Close the blinds, curtains...
CREB reports that Calgary continued to go against national trends during the month of July. Although the country's two largest cities of Vancouver and Toronto experienced a decline in home sales activity, Calgary continued to experience record improvements in terms of sales and prices. In all, a total of 1,936 residential units were sold in Calgary in the month of July, representing a 21.3 percent increase when compared to the same time in 2011.
When examining year-to-date data, the City of Calgary has enjoyed a total of 13,684 sales. These figures represent a 16.5 percent increase when compared to 2011. Specific sectors within the city limits have also experienced a significant amount of growth. While the condominium apartment market enjoyed a 9.4 percent year-to-date increase, the single-family market experienced 18.9 percent in gains.
After falling short in terms of sales activity since the recession, the recent growth and upward trend puts the Calgary housing market in a good position...