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July 2012

Found 8 blog entries for July 2012.

January - June 2012

New Brighton Single Family Home Sales reached 118 sales in the first half of 2012, this is a significant 37% increase over the 75 sales recorded during the same period last year.
New Brighton Single Family Home Sales activity was significantly stronger this spring,  the highest was in April with 29 sales, compared to only 9 in April 2011!

New Brighton Single Family Homes Sales Activity

New Brighton Single Family Home Average Price for the first six months of 2012 was $391,673, a 2.5% increase over the same period last year. 
New Brighton Single Family Home Median Price was $395,000 between January and June 2012, compared to $390,000 in 2011.  

New Brighton Single Family Home Average Price Median Price

New Brighton Condo/Townhouse Sales increased by 35% in the first half of 2012 to reach 23 units, compared to 15 sales over the same

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Calgary Stampede Breakfast 


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Calgary Home Team

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Calgary Home Team  Calgary Homes for Sale  Calgary Real Estate  Calgary Homes for Sale  Calgary Home Team 

When you're ready to buy or sell a home in Calgary, we are your real estate agents of choice. Be sure to use our quick and easy search feature. We're the experts, and we're here to help you! For more information on how we can help you achieve your real estate goals please contact Calgary Home Team via email or directly @ 403-519-9102. 

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Quick and easy home maintenance tipsEvery house needs repairs from time to time! Some of them you can do yourself instead of calling an expensive professional! Learn how to handle a few home maintenance situations with these easy and quick tips from Handy Canadian: 

  • How to find a stud in the wall: if you are planning to add a wall unit and need to find the studs, look for screw indentations marks on the drywall, locate two of these vertically and the stud is just behind them. Another way is to turn on an electric razor, the sound will change when it runs over a stud behind the drywall.
  • How to replace a rotten fence post: remove the rotten post with the help of a pry bar, clean the concrete hole, grease a new post and pound it inside the hole.
  • How to keep your pictures in a perfect
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Mahogany Calgary SoutheastMahogany is a southeast Calgary community by Hopewell Residential Communities that was approved for development in 2007. It is located south of Highway 22X and to the East of the future extension of 52nd street. When completed it will be the largest community in Calgary with1,300 acres of land and 25,000 residents.  

What sets Mahogany apart from other suburban neighbourhoods is the adoption of the complete living concept where residents can live, work and entertain in the same place!  Mahogany provides a  balanced mix of residential, commercial and recreational areas complemented with public open spaces and pedestrian friendly streets.  It is a place where residents will "come out of their homes and go to work in the Urban Village using the canoes in

5,663 Views, 3 Comments

January - June 2012

Auburn Bay Single Family Home sales continue to record strong activity in the first six months of 2012,  with 90 sold units compared to 67 over the same period last year, and 43 in 2010.
Auburn Bay Single Family Home Sales activity was the highest in May with 21 sold units, a significant increase from the 7 units sold in May 2011.

Auburn Bay sales activity 2nd quarter 2012

Auburn Bay Average Single Family Home Price for the first half of 2012 reached $454,574 a 6.8% lower than the same period last year. This is mainly due to less sales of high end units this year ( only one home over $800,000 was sold this year, compared to three in 2011). 
The Median Price for the Single Family Home in Auburn Bay for the first six months of 2012 recorded a 2% increase with $446,500

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Canadian Home Prices to Contract Over the Next Two YearsA new poll by Pollara for the Bank of Montreal said that about half of the Canadians (49%) are not familiar with the changes to the mortgage rules!  Only 45% of those surveyed knew that the amortization period for government insured mortgages is now down to 25 years from the previous 30 years.  The recent changes to mortgage rules, effective July 9th, 2012 is a step in the right direction to impose limits on the household demand of credit without disturbing the economy with higher interest rates, which will help to cool off some of the overvalued markets like Vancouver and Toronto!  A recent report released lately by TD Economics is anticipating a decrease in the Canadian household debt over the next two years, helping to narrow the gap between the income

3,149 Views, 1 Comment

Calgary is Moving Towards a Balanced Market!

Calgary real estate market reportTotal residential sales in Calgary for June 2012 reached 2211, an 8.5% decrease from last month but a 12% increase over June last year . New mortgage rules "may dampen some of the gains in the resale market,” says Ann-Marie Lurie, CREB®’s chief economist, but a careful look at the long term trends will reveal a movement towards stability backed by the latest results of the economic performance indicators placing Alberta at the top of the list when it comes to the employment growth (3.6% growth year over year, as of April 2012) as well as population increase (Calgary gained 19,658 additional residents who have moved to the city between January and April 2012).

Single family home market in Calgary is still

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Mortgage Anuual Percentage Rate CalgaryWhen it comes to mortgages we have to admit that interest rate is the feature that gets most of the the home buyers attention in the contract! The lower the better, they think, forgetting that it is but one factor among many others that determine the total cost of the borrowed money!

Comparing interest rate of one lender to another in order to make your final decision is not a very wise move and could be misleading to say the least. And while there is no magic, one and only formula that you can apply to get the best deal when shopping for a mortgage, some other more accurate tools do exist to help you in your mortgage comparison task, and among them is the APR or the Annual Percentage Rate!

So what is APR and how does it work? APR or Annual Percentage

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