Just added this listing: "Very well kept 1464 sq.ft. 2 storey home with 3 large bedrooms, 3.5 baths as well as a front veranda & rear deck to enjoy quiet times! Features include main floor family room with gas fireplace, huge oak kitchen with island, huge nook and lots of cabinets. Master boasts a walk-in closet and 3 pce ensuite with standup shower. Basement is professionally finished with full bath and huge family room, double front attached garage. Located on a quiet street, close to bus, sc ...
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Just added this listing: "Quiet cul-de-sac location! Clean & well kept fully developed 4 level split with 5 bedrooms & 3.5 baths. Large family room on 3rd level with wet bar, brick fireplace and bathroom w/jetted tub! Sunny west deck in fenced yard with oversized, insulated double detached garage! Corner lot provides for extra parking and is located near school, transportation, shopping and other amenities! A must to see!"
CALGARY - House prices in select Calgary neighbourhoods, feeling the impact of upcoming transportation improvements, will get a 10 per cent to 20 per cent premium over and above what the rest of the city’s market gets in the coming years. The Real Estate Investment Network, in a report released today called The Calgary Transportation Effect, said transportation is one of the 12 key fundamentals that drive real estate values up or down. This report focuses on how the completion of the Rin ...
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CALGARY - Calgary home prices have seen the steepest decline in the country from peak levels, according to a new housing report released today. The Teranet-National Bank House Price Index said house prices in the Calgary metropolitan area have fallen by 12.7 per cent from their peak in August 2007. The index is estimated by tracking observed or registered home prices over time using data collected from public land registries. All dwellings that have been sold at least twice are considered in ...
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CALGARY - Lower prices and very low interest rates are motivating Canadians to purchase their first homes - but confidence in the economy and their employment prospects are still weighing on their minds, says a report released today by Royal LePage Real Estate Services. The real estate firm said 86 per cent of potential first-time buyers say low interest rates make them more likely to purchase a home and 81 per cent say lower housing prices are a factor. However, 76 per cent also cite job secu ...
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CALGARY - Calgary’s housing market is expected to bottom this year and expand in 2010, according to Canada Mortgage and Housing Corp. In its Spring 2008 Calgary Housing Market Outlook released today, the agency said total housing starts in the Calgary census metropolitan area will plunge by nearly 68 per cent to 3,700 units compared with a year ago - when they were 11,438 units. But in 2010, the CMHC is forecasting total starts to increase by 13. 5 per cent to 4,200 units “as econ ...
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Long gone are the days of homes selling in a matter of minutes after being listed. That's what was happening when sellers were in control of the Calgary resale housing market. These days, with buyers at the helm, it's has changed dramatically. In April, on average, it was taking 52 days to sell a home, up from an average of 42 days for the same month a year ago. That's because there are more homes and more room to negotiate prices.
Market may have finally bottomed out There is a feeling, just a niggling itch, among industry insiders that maybe Calgary's resale market has bottomed. Sales for the first four months of this year have done nothing but climb, prices appear to have levelled, and the gap between active listings and sales is narrowing. These are all solid signs the market may have hit the bottom of the economic trough and is beginning to scrabble its way up the other side. "Have we bottomed? I think we have, a ...
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First-time buyers generate interest Calgary's resale housing market is chugging along. Once in a while, you hear of a home that has attracted more than one buyer, setting up a bidding war--but for the most part, the sales engine in this buyers' market is purring along nicely. In April, nearly 1,300 detached homes were sold through the Calgary Real Estate Board's MLS system, along with 579 condos. As I've said previously, affordability is playing a key role for those buyers who are comfortabl ...
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CALGARY - The average residential MLS sale price in Alberta is forecast to fall by 8.8 per cent this year and another 1.1 per cent in 2010, according to a report released today by the Canadian Real Estate Association. The association said the average price in the province will dip to $321,900 in 2009 from the $352,857 it recorded in 2008. The average price is also forecast to fall to $318,300 next year. CREA, in its forecast, said total MLS residential sales will decline by 24.7 per cent this ...
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CALGARY - The cost of non-residential building construction decreased by 4.6 per cent in the Calgary census metropolitan area in the first quarter of 2009 from the last quarter of 2008, said Statistics Canada on Thursday. Its composite price index of seven CMA’s across the country showed the quarterly change was down 4.2 per cent nationally, with the biggest decrease in Vancouver at 10.7 per cent. Montreal had the only quarterly increase at 0.4 per cent. “The quarterly decrease (n ...
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CALGARY - Calgary’s resale housing market is seeing an uptick in activity as consumer confidence increases and we can expect a slow, steady return to stability over the coming months, says the president of Coldwell Banker Canada. The local resale housing market has slowed compared with last year because of the current economic conditions and the high inventory of new homes built during the past few years of the boom, said John Geha, who was in Calgary on Wednesday speaking to local profe ...
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Just added this listing: "Handyman special needs new floor coverings & paint. 3 bedroom 2 storey single family home. Best priced single family home in city. Vacant, available for immediate possession! BACK ON MARKET."
Long gone are the days of homes selling in a matter of minutes after being listed. That's what was happening when sellers were in control of the Calgary resale housing market. These days, with buyers at the helm, it's has changed dramatically. In April, on average, it was taking 52 days to sell a home, up from an average of 42 days for the same month a year ago. That's because there are more homes and more room to negotiate prices.
Market may have finally bottomed out There is a feeling, just a niggling itch, among industry insiders that maybe Calgary's resale market has bottomed. Sales for the first four months of this year have done nothing but climb, prices appear to have levelled, and the gap between active listings and sales is narrowing. These are all solid signs the market may have hit the bottom of the economic trough and is beginning to scrabble its way up the other side. "Have we bottomed? I think we have, at ...
Full Article...
First-time buyers generate interest Calgary's resale housing market is chugging along. Once in a while, you hear of a home that has attracted more than one buyer, setting up a bidding war--but for the most part, the sales engine in this buyers' market is purring along nicely. In April, nearly 1,300 detached homes were sold through the Calgary Real Estate Board's MLS system, along with 579 condos. As I've said previously, affordability is playing a key role for those buyers who are comfortable ...
Full Article...
The average residential MLS sale price in Alberta is forecast to fall by 8.8 per cent this year and another 1.1 per cent in 2010, according to a report released Thursday by the Canadian Real Estate Association. The association said the average price in the province will dip to $321,900 in 2009 from the $352,857 it recorded in 2008. The average price is also forecast to fall to $318,300 next year. The CREA, in its forecast, said total MLS residential sales will decline by 24.7 per cent this ye ...
Full Article...
CALGARY - The average residential MLS sale price in Alberta is forecast to fall by 8.8 per cent this year and another 1.1 per cent in 2010, according to a report released today by the Canadian Real Estate Association. The association said the average price in the province will dip to $321,900 in 2009 from the $352,857 it recorded in 2008. The average price is also forecast to fall to $318,300 next year. CREA, in its forecast, said total MLS residential sales will decline by 24.7 per cent this ...
Full Article...
CALGARY - The cost of non-residential building construction decreased by 4.6 per cent in the Calgary census metropolitan area in the first quarter of 2009 from the last quarter of 2008, said Statistics Canada on Thursday. Its composite price index of seven CMA’s across the country showed the quarterly change was down 4.2 per cent nationally, with the biggest decrease in Vancouver at 10.7 per cent. Montreal had the only quarterly increase at 0.4 per cent. “The quarterly decrease (n ...
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CALGARY - Calgary’s resale housing market is seeing an uptick in activity as consumer confidence increases and we can expect a slow, steady return to stability over the coming months, says the president of Coldwell Banker Canada. The local resale housing market has slowed compared with last year because of the current economic conditions and the high inventory of new homes built during the past few years of the boom, said John Geha, who was in Calgary on Wednesday speaking to local profe ...
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Confidence seen helping Calgary resale market Calgary’s resale housing market is seeing an uptick in activity as consumer confidence increases and we can expect a slow, steady return to stability over the coming months, says the president of Coldwell Banker Canada. The local resale housing market has slowed compared with last year because of the current economic conditions and the high inventory of new homes built during the past few years of the boom, said John Geha, who was in Calgary ...
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Housing starts in the Calgary region continued their precipitous drop from last year's lofty levels, according to April data released Friday by Canada Mortgage and Housing Corp. Single-detached starts were at the lowest level for the month of April since 1987, while multiple-family starts were the lowest for the month since 1996. A lower demand environment persists in the Calgary region, said Lai Sing Louie, senior market analyst in Calgary for CMHC. "Market conditions still continue to favo ...
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Calgary's estimated construction value of building permit applications for April fell by 28 per cent compared with a year ago. The City of Calgary, in releasing the latest data Friday, said construction value was $270.3 million last month. It was $377.4 million in April 2008. Last month's total is also off by 22 per cent compared with the five-year average of $345 million and down by five per cent compared with the 10-year average of $283 million. The major projects for the month were the We ...
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CALGARY - Calgary’s estimated construction value of building permit applications for April fell by 28 per cent compared with a year ago. The City of Calgary, in releasing the latest data on Friday, said construction value was $270 million last month. It was $377 million in April 2008. Last month’s total is also off by 22 per cent compared with the five-year average of $345 million and down by five per cent compared with the 10-year average of $283 million. The major projects for ...
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CALGARY - Housing starts in the Calgary region continued their year-long precipitous drop compared to last year’s lofty levels, according to April data released today by Canada Mortgage and Housing Corp. Last month in the Calgary census metropolitan area, single-detached starts amounted to only 234 units, down by 30.4 per cent from the 336 units recorded in April 2008. Multiple-family starts plunged by 88.6 per cent to only 87 units in April compared with 760 starts a year ago. And tot ...
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Just added this listing: "Very well kept ( 2 story split) 4 level split. Great floor plan with 1700 sq.ft. above grade living space. Recently painted in neutral colours. Vaulted ceiling in living room, dining room and kitchen. Total of 4 bedrooms, 2.5 baths. 3rd level (above grade) walk-out family room with fireplace, 4th bedroom & 2 pce bath. Double front drive attached garage, very good sized backyard with 2 car (RV) parking. There is potential for illegal suite. Close to LRT, Super Store, an ...
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Decision to do without it cost woman her home June Jell will never forget the time she and her husband John sat down with their agent and turned mortgage insurance down flat. Hugh Wesley for Canwest News ServiceJune Jell lost her family home after she and her husband declined mortage life insurance six months before he died of a heart attack. Six months later, he died suddenly of a heart attack at the age of 59, leaving her struggling to keep up with house payments. While she got back on her ...
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If you’re comfortable about your job future and are thinking about buying a home, then now’s the time, says a mortgage broker official. Calgary Herald ArchiveGary Siegle, Calgary-based regional manager for Invis. The Bank of Canada has lowered its overnight rate to a historic low, mortgage rates are the best they’ve been in quite a while, houses are priced for a buyer’s market, and the federal government introduced a pair of buyer incentives in its February budget, say ...
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Question: Can you provide three to five quick tips that can help those in the market for a mortgage? Answer: My advice is to: Look beyond the posted rates offered by most banks. Calgary Herald ArchiveLook for a mortgage that will help you buy the home of your dreams without breaking your piggy bank. Do your research, negotiate a better deal and ensure you find that best rate (offered up front by some banks). It can pay off in the long term. Understand that rate is only part of the mortgage e ...
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Five-year fixed rates decline below four per cent T Calgary Herald ArchiveMake sure you get the best deal on your mortgage before signing on the dotted line. Question: Looking from an historical perspective, when was the last time interest rates were as attractive as they are today? Answer: We’ve never seen mortgage rates this low before. The Bank of Canada’s overnight rate is at an all-time low and many lenders are posting five-year fixed mortgage rates well below four per cent ...
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Calgary’s resale condo market gathered strength from January to March. Sales nearly doubled, going from 225 transactions in January to 446 by the end of March, says the Calgary Real Estate Board. “The Calgary market is slowly shaking off the winter blues,” says board president Bonnie Wegerich. For the first quarter of the year, 1,011 condos changed hands, up from 886 for the final three months of 2008. As for prices, they are running about 10 per cent below the same period a ...
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Activity climbs for fourth straight month For the fourth straight month, resale housing activity has climbed. The malaise that steered home buyers to the sidelines is gradually loosening its hold and tire kickers are being replaced by actual buyers, say figures from the Calgary Real Estate Board. In April, 1,290 single-detached homes changed hands, along with 579 condos. Both figures are well over double the number of transactions recorded in January. As for the average selling price, there w ...
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Housing starts in the Calgary region continued their precipitous drop from last year's lofty levels, according to April data released Friday by Canada Mortgage and Housing Corp. Single-detached starts were at the lowest level for the month of April since 1987, while multiple-family starts were the lowest for the month since 1996. A lower demand environment persists in the Calgary region, said Lai Sing Louie, senior market analyst in Calgary for CMHC. "Market conditions still continue to favo ...
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Prices for new homes fell 0.5 per cent in March from the previous month, led by declines in Western Canada, Statistics Canada said Monday. The biggest declines were in Calgary and Edmonton, with prices falling 1.2 per cent in both cities. Vancouver saw a 1.1 per cent decline and Victoria was down 0.9 per cent, the federal agency said. "In Calgary and Edmonton, declines were attributed to lower material and labour costs and lower lot prices from developers," it said. "In Vancouver and Victor ...
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CALGARY - It's taken more than two years and cost around $6 million, but the blueprint for Calgary's development-- which includes a call for higher-density communities built around transit -- is ready for full public scrutiny. Wednesday's formal release of Plan It Calgary, a document of more than 200 pages meant to act as a template for building the city over the next six decades, is the culmination of years of city work, months of lobbying by the development industry and others and continuous ...
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CALGARY - A developer willing to sell 16 hectares of riverside land to the city says the property has been appraised at $16.4 million -- and he's dropped the requirement that any sale include out-of-pocket development costs. Martin Dolemo, CEO of Dolemo Developments, said he plans to formally approach the city about the land's availability, after running a newspaper advertisement last week. The appraisal, he said, was done in February by Colliers International. As of last July, the city had ...
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CALGARY - Housing starts in the Calgary region continued their year-long precipitous drop compared to last year’s lofty levels, according to April data released today by Canada Mortgage and Housing Corp. Last month in the Calgary census metropolitan area, single-detached starts amounted to only 234 units, down by 30.4 per cent from the 336 units recorded in April 2008. Multiple-family starts plunged by 88.6 per cent to only 87 units in April compared with 760 starts a year ago. And tot ...
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The value of building permits in March rose on a monthly basis across Canada as well as in Alberta and in Calgary, according to Statistics Canada. The federal agency reported Wednesday that building permits during the month i ncreased by 20 per cent from February in the Calgary census metropolitan area to $236.5 million. In Alberta, the monthly increase was 34.1 per cent to $696.5 million while the rise nationally was 23.5 per cent to $4.5 billion. In the province, the building permit increas ...
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Scams start to unravel as economy falters About two years ago, in a lawyer’s off ice, Linda put her signature on a document she believed would help someone buy a house. Dean Bicknell, Calgary HeraldSgt. Shawn Goertzen of the police’s commercial crime unit says mortgage frauds occur with the collusion of many people. “These things don’t happen with just one bad guy.” She thought it was an easy way to make some money, while doing good for someone she understood jus ...
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CALGARY - Tony Dossett has never been so happy just to sit at home and do nothing. For four nights, he was forced to stay in a hotel and live out of a duffel bag, wondering when it would be safe to return to his Beltline condo. The 48-year-old Dossett received word Tuesday that the sinkhole that forced him and 12 other tenants out of their homes Friday had been filled and that the building was structurally sound. "I'm just sitting here with my feet up enjoying being in my own apartment,"he sa ...
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Real estate markets in Calgary and Houston are different on several fronts, even though energy indsutry drives both economies. Major Canadian and American cities with similar economies and geographies are experiencing variable price trends this spring, according to a survey released today by Century 21 Canada. In a comparison between Calgary and Houston, the house price survey said price levels are significantly higher and selling times are shorter in Calgary than in Houston but Calgary also ...
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CALGARY - Canada’s housing market is showing signs of emerging from its winter hibernation, according to the latest Real Estate Trends report released today by Scotia Economics. Across Canada, home sales strengthened in both February and March, and preliminary reports suggest this firming trend continued in April, said the report by Adrienne Warren, senior economist and real estate market specialist with Scotia Economics. The report said a rise in demand combined with fewer new listin ...
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Calgary Aldermen seek 'enough' time amid lobbying A landmark city planning document that has drawn intense lobbying from developers and others should be delayed at least three months, several aldermen will argue next week. Plan It Calgary, the city's vision for development over the next several decades, has already seen some delays over concerns officials weren't doing enough to consult the public. Developers complained about the plan, which they contended would rob people of the chance to l ...
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SW Calgary condo buiilding remains closed as a precaution As the city awaits an engineering report on the latest Beltline sinkhole, a city official says more sinkholes have been cropping up lately and hopes builders don't leave open pits unfilled for long. Residents of a condo building at 313 13th Avenue S. W. are still barred from returning to their homes because the structure hasn't been deemed safe. Thirteen residents were forced to leave Friday after a sinkhole was discovered in a parkin ...
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Calgarians are more likely than any other region in the country to spend from $200,000 up to $400,000 for a two-bedroom condo, says a national survey released today. According to the 2009 TD Canada Trust Condo Poll, 64 per cent of Calgarians surveyed said they would spend in that price category compared with 56 per cent nationally. Of those considering purchasing a condo as a primary residence, 56 per cent of Calgarians are somewhat likely (versus 61 per cent nationally) and 44 per cent are v ...
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CALGARY - Despite a continued economic malaise, job losses and economic uncertainty, Calgary’s resale housing market surprisingly rebounded in April with sales increasing from the previous month. “Spring is giving new life to the residential real estate market,” said Bonnie Wegerich, president of the Calgary Real Estate Board which on Friday released its MLS monthly data for April. “Affordable pricing and low interest rates are drawing buyers back to the market. &ldquo ...
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D espite continued economic malaise, job losses and economic uncertainty, Calgary's resale housing market surprisingly rebounded in April with sales increasing from the previous month. "Spring is giving new life to the residential real estate market," said Bonnie Wegerich, president of the Calgary Real Estate Board, which on Friday released its MLS monthly data for April. "The people that we're seeing out there buying right now are a lot of first-time buyers. There's been enough incentives to ...
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Metro Calgary home re-sales at 1,290 Calgary, May 1, 2009 – MLS® sales activity of single family Calgary metro homes was 1,290 in the month of April 2009, showing an increase of 19 per cent from 1,086 sales in March 2009, according to fi gures released by the Calgary Real Estate Board (CREB®). This was a decrease of 5 per cent from April 2008, when single family home sales were 1,363. The number of condominium sales for the month of April 2009 was 579, an increase of 30 per cent from the ...
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