August 2012 Calgary Housing Market Trends

According to the Calgary Real Estate Board, single family house prices in Calgary increased 4.5 per cent, in part due to the slight decrease in new listings. New listings of single family homes were down almost 14 percent this August compared with August of last year. As a result of the decrease in new single family listings, many Calgary home buyers looked to condominiums or areas surrounding Calgary.

Residential home sales in areas around Calgary like Airdrie, Cochrane and Okotoks were very brisk with an increase of 42 per cent in August compared to last year. Although Calgary sales were not as active as surrounding areas, there was still a 10 per cent increase during the same period.  The greatest number of sales in Calgary for the month of August…

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Adult living in Killarney, Calgary condominium

Always wanted to live in the vibrant Calgary community of Killarney? Now is your chance to own Killarney real estate. This is an adult only condominium in a rare low rise concrete building and has 2 bedrooms and 2 bathrooms. Enjoy over 1000 square feet. Located in this central Calgary neighborhood, this condo is close to local amenities like the Killarney Pool and Recreation Centre, shopping, transit and the new leg of the West LRT.

This unit is facing the courtyard area which means lots of natural light and fresh air from windows on two sides of the building. The master bedroom has a walk in closet and four piece ensuite. The second bedroom and second bathroom are ideal for roommates or extra space. Convenient ensuite laundry and storage in both the…

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Glenmore Reservoir in Calgary, Alberta

Haysboro has been named one of Calgary’s Top 5 Communities by Avenue Magazine for 2012. Haysboro is ranked #4 behind Varsity, Arbour Lake and Bowness. The top five ranking is not too shabby for a community developed in the 1950’s. Residents will tell you they love the small town feel, charm and amenities of Haysboro.

This robust southwest Calgary neighbourhood offers the best of both worlds, an easy commute to the downtown core and a quick walk or bike down Heritage Drive toward Heritage Park and South Glenmore Park. These lucky residents get to enjoy Glenmore Reservoir right in their own backyard, one of the largest natural areas in Calgary with extensive bike paths and nature trails.

A focal point that brings Haysboro residents together is the…

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MaxWell Realty, Marnie Campbell sold property in Calgary, AB

The Alberta-based Maxwell Realty was founded in Calgary in 1999 by Realtors® Ron Stanners and Dick Oakes. Ron Stanners, broker at MaxWell South Star, and Ron Oaks, broker at MaxWell Canyon Creek, have built MaxWell Realty into a major regional real estate player.

Over the past 14 years, MaxWell Realty franchises have sprouted all over Alberta and British Columbia with several offices in Calgary including MaxWell Canyon Creek, and  MaxWell South Star, as well as, MaxWell Realty Edmonton, MaxWell Realty Group in Lethbridge, MaxWell Mountain Realty in Canmore, MaxWell Canyon Creek in Okotoks and MaxWell Realty Invermere to name a few.

MaxWell Realty has a built a reputation for providing exceptional real estate service, really caring about its customers…

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Calgary, Alberta home for sale: 10498 Rockyledge St NW

This 2000+square foot single family home with air conditioning for sale in ROCKY RIDGE, Calgary is conveniently located to all shops and amenities. Dining nook looks over your large deck and beautifully landscaped backyard. Never worry about getting propane again with your gas line for backyard barbeques.

Custom built ins in your main level living area with gas fireplace make this OPEN CONCEPT home inviting. Main floor office/den also has custom built ins. You will love the walk through pantry off your back mud room leading into your kitchen- plenty of storage. Large unspoiled basement with large windows and rough in plumbing waiting for your future plans. Great master bedroom with walk in closet complete with custom cedar built ins make organization…

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July 2012 Calgary Housing Market TrendsThe Calgary housing market statistics for July 2012 show steady growth despite cooling residential property sales activity in other Canadian markets like Vancouver and Toronto. Canada's two largest cities have seen some big housing market swings in 2012, but Calgary's positive migration and an increase in confidence in the economy have helped the city maintain a balanced market.

According to the Calgary Real Estate Board, MLS residential homes sold in Calgary increased by 21.22 per cent in July 2012 from 2011. The average sale price for the month of July also increased to $422,680 from $412,532 in 2011, an increase of 2.46 per cent. New listings in Calgary decreased by 5.22 per cent in July compared to last year, giving the city a 3 month supply. This…

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Since it first opened in April 2011, the Calgary Farmer’s Market has become a local favourite to pick up organic fruits and vegetables, specialty foods or to just enjoy a relaxing afternoon lunch with a friend.

The Calgary Farmer’s Market is a bright and open place to wonder around, with a lively atmosphere and numerous eclectic vendors.  The market is very family friendly with an interactive children’s play area, stroller parking and large food court.

Don’t miss out on tasting a delicious Simple Simon pie, award winning slice of Gouda from Sylvan Star Cheese (a personal favourite) or world-famous Saskatoon pie from the Saskatoon Farm. Absolutely stop for a super yummy treat at the Buttercream Bake Shoppe and top if off with a fresh gourmet brewed…

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New home sales in US and Canada.

With housing news good one day and bad the next, it’s hard for the public to know when the US housing market will really be on the road to recovery. The latest news from the US, suggests that Americans are regaining some confidence in the housing market. This is good news for Canadians even though our housing market did not suffer the same collapse as in the US.

The most recent positive housing indicator is the increase in US housing starts which rose 24 per cent in June 2012 from the same period in 2011. Canadian housing starts are showing steady positive gains as well with an increase of 9.9 per cent for the same period.

Another positive sign is the recent purchase of 2000 US foreclosed homes by American asset management and financial services…

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West 17th Lofts in Calgary’s prestigious Aspen Estates are 4-storey luxury townhouse with a Parisian villa feel. The brick buildings surround a meticulously landscaped inner courtyard with two tranquil waterfalls and offer exceptional mountain views. Each townhouse is over 3,100 square feet, has its own private elevator, expansive windows, and 9 and 11 foot ceilings to create a loft-like setting. The dream kitchen is timeless and contemporary with top-of-the line appliances including Wolf and Sub-Zero.

Standard Features

  • Four storey private elevator
  • Double-car heated garage
  • Wolf, Sub-Zero and Bosch appliances
  • Hardwood and porcelain tile
  • In-floor heating in ensuites
  • Air conditioning
  • High end Kohler fixtures
  • Caesar stone counters…

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New Mortgage Rules

If you planning on buying a home or refinancing an existing home in Calgary, the new mortgage rules may affect you. Starting July 9, 2012 the new rules will decrease the maximum amortization for a government-insured mortgage in Canada from 30 years to 25 years. This affects home buyers who have a down payment of less than 20 per cent. The federal government is hoping that the new rules will prevent homeowners from stretching themselves too thin.

The federal government has also lowered mortgage refinancing, reducing the maximum mortgage amount to 80% of the appraised value of the home, from 85%.

One other change is that properties over 1 million dollars can no longer be mortgage insured. Mortgage insurance is required by most lenders when someone is…

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