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Calgary Real Estate

Calgary Real Estate Market Statistics For October 2018

Oversupplied Market Ultimately Weighs on Prices 

City of Calgary, November 1, 2018 

Inventory levels are elevated when compared alongside sales, which is causing Calgary housing prices to ease a bit more. 

Benchmark prices in the entire city during October totalled $426,300, which is a downward trend for the fifth month in a row. This resulted ultimately in a year-over-year decline of 2.9 percent. 

Chief economist Ann-Marie Lurie of CREB claimed avidly that job growth in the city remained a dire concern, as unemployment levels remain well above expected. The overall cost of ownership continuing to rise also will ultimately provide a burden of weight on the housing market and demand. 

Overall sales and inventories totaled 7,345 and 1,322 during the month of October. Typical monthly levels usually hover around 5.6, and while there is a bit of slowing in listing growth, this ultimately prevents further inventory risings. Currently the...

Expanding Calgary’s Livable Space Through CFB Calgary Redevelopment

Expanding Calgary’s Livable Space Through CFB Calgary Redevelopment 

Redevelopment of CFB Calgary to a place to have your Calgary Home

Development plans throughout Calgary often have interesting histories, but one of the most interesting and comprehensive development stories can be traced back to 1996 when the federal budget called for closing CFB Calgary and other bases throughout the country. Not only did this decision change how Canadian Forces bases were used, but it also created a significant amount of land that could be put to use for different purposes. It was from this change in the federal budget that many of Calgary’s new residential developments were born. 

Making the Decision to Close CFB Calgary 

While the 1996 federal budget called...

Taking the Plunge - Calgary Bridal and Finding a Calgary Home

After the wedding ends and the party is over, it is time to start thinking about a place to call home, your first martial home of all your own. While some newlyweds choose to rent, some prefer to own their new home together.  Weddings can be so expensive , just ask any bride to be and she will te

Calgary Bridal Guide and Calgary Homes for Sale - After the wedding where will you begin your lives?

ll you the budget is nearly always higher than anticipated leaving many newlyweds over extended and in marital debt after the wedding.  With all that debt from the wedding , what options are there for the purchase of a home in terms of down payments ?  See...

Providing Alberta's Slice of Upper-end Happiness in Horsepower: Jaguar of Calgary

Providing Alberta's Slice of Upper-end “Happiness in Horsepower”: Jaguar of Calgary 1Writer: Jon Weirman

Mad Men” has always been known as one of the most brilliant TV portrayals ever regarding the perils, pride, and rewards of the advertising business, and taking place in the last 1960's gave it a unique flair. After being challenged to come up with a tagline for Jaguar, they put their heads together and lamented in one sweeping and all-encompassing statement that the brand name offers “At last, something beautiful you can truly own”. These fictional advertising experts that...

Calgary Real Estate Soon to Bounce Back: Rebound On the Way

Altus Group Claims Calgary Soon to Bounce Back: Rebound On the Way1When we provide you as the reader news from the Tost Realty Group, we happen to love the days when it is positive! According to a recent report by the Altus Group, the main reason that the housing market has been a bit lackluster this year was the absence of first-time buyers, but all indicators point to the fact that they will soon be back shopping for Calgary Real Estate. Patricia Arsenault, VP of research and consulting services at Altus Group claimed that “With all of the policy changes we've had and...

Making House Buying Simple with a Real Estate Broker in Calgary

Calgary Real Estate Agent

When buying a house in Calgary,  finding the right real estate agent to represent you is one of the keys to finding the right home to suit your needs. As you search through your options, it is helpful to understand the differences between a real estate broker and a real estate agent as well as how these professionals can help you through the buying process. 

What is the Difference Between a Real Estate Agent and Real Estate Broker? 

A real estate broker is a professional who is licensed to manage his or her own business. As independent sales people, they often sell real estate that is owned buy others. In addition to helping clients buy or...

Common Mistakes to Avoid When Selling Your Calgary Home

Common Mistakes to Avoid When Selling Your Calgary Home

Calgary Home for Sale

Even people who have been selling Calgary homes for decades still make mistakes. Often, these crucial mistakes unable them to find people who are willing to purchase their home at desired price. These mistakes have to be avoided at all costs.

Here are some of the most common mistakes committed – mistakes that you should try your best not to commit when selling your Calgary home.

Showing bad photos

Many people look to listings on the newspaper, on the internet, or other such sources for information regarding properties for sale. When putting up an advertisement, it is best to put in the best photos possible. Using a high end camera or hiring a professional photographer to take pictures of the house being sold may...

For Calgary's Best Real Estate Value, Look West

Calgary West

While drilling down into some of the new statistics that the Calgary Real Estate Board recently released, we discovered something very interesting.   The district of Calgary West  which is loosely defined as everything west of Crowchild Trail, north of Glenmore Trail/Highway 8 and south of the river or Trans-Canada Highway, is one of the city’s most stable market areas. That’s in all housing types, from single-family to attached, town homes and condos.  Calgary West showed the strongest annual growth in 2017 with only City Centre to look up to.

The Proof is in the Numbers

As the following chart will show, the communities in Calgary West survived the recent downturn as the best for single-family homes and was the runner-up for apartment condos.  As we all have heard,...

Calgary Real Estate Board 2018 Forecast Calls for Scattered Optimism

 Todd and Crystal

We think it’s going to be a fairly decent year for real estate in Calgary.

This morning was the annual Calgary Real Estate Board’s Forecast Breakfast and whether the market is up, down or sideways we always come away with renewed vigor and optimism about how the year is going to go.   And today’s event was no excpetion.

CREB always likes to be cautiously optimistic and has announced that 2018 will offer its share of challenges.  The road to economic recovery continues to be bumpy – nothing is happening overnight – but there’s every indication that we can safely adopt an optimistic attitude.

The Short Term

Over coffee and dainties this morning, we heard from Ann-Marie Lurie, CREB chief...