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Calgary Market News

Get the latest news on the Calgary real estate market while it's still relevant to your home purchase or sale.

Found 153 blog entries about Calgary Market News.

Calgary real estate round up July 2016Here is a round-up of the most noteworthy events surrounding Calgary real estate in July, 2016.

Calgary Home Price Remain Steady...For Now

Seems like there’s a good reason why home prices in Calgary have remained fairly robust, despite the major economic downturn.

A memo obtained by CBC from the Internal Finance Department of the federal government states real estate values in Calgary has been minimally impacted because an estimated 56,000 itinerant works from the oil and gas sector have up and left the province. Those workers, who have been laid off, paid taxes in other provinces, and were not part of the buy and sell real estate process in Calgary and Alberta – they rented homes for the most part.

"Their departure is resulting in a lower

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Calgary Real Estate Key Statistics for April, 2016

  • Number of Days On Market - 46 (up from 40 in April 2015)
  • Benchmark Price - $441,000 (down from $456,000 in April 2015)
  • Homes sold for $1 million or more - 47 (down from 53 in April 2015)
  • Month with most sales in last year - May 2015 (2,186 total sales)
  • Most expensive Calgary home for sale - $12,250,000 Aspen Ridge
  • Most expensive Near Calgary - $24,888,000 - Rural Foothills M.D. 

Calgary Hit Hardest

Calgary's real estate market continues to wallow in a state of flux when it comes to homes sales as inventory continues to rise, while the number of home sales in Calgary decrease.

In April, some 1,764 homes were sold in the Stampede City, according to the Calgary Real Estate

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Marriott Hotels in Seton, South CalgarySoutheast Calgary just received another boost!

Located side-by-side at 3750 Market Street SE, two new Marriott hotels just opened in Seton. The Courtyard Calgary South and the Residence Inn are conveniently located across the street from the South Calgary Campus Hospital, close to shopping, restaurants, Orange Theory Fitness and Tommyfield Pub.

These multi-purpose hotels have shared amenities that include waterslide, pool, hot tub, fitness center, full-service spa, The Bistro restaurant and almost 5,000 square feet of meeting space.

Quick Facts About New Marriott Hotels

Courtyard Calgary South

Courtyard Calgary South

  • 128 rooms
  • 4 executive suites almost 900 square feet in size with luxury finishings and incredible mountain and city views
  • Courtyard
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2016 New Year's Resolutions from Finance Minister Bill Morneau

2016 Down payment increaseIf you're looking to purchase a home over $500,000 after February 15, 2016, you may want to start socking away more for your down payment.

In an effort to stabilize the Canadian housing market, Finance Minister Bill Morneau will be doubling the down payment required on homes priced from $500,000 to $999,999. Normally, a home or condo priced under $500,000 requires a minimum 5% down payment. With the new regulations, any portion above $500,000 will now require a minimum 10% down payment. Currently homes over $1 million already have a 20% minimum down payment requirement, which will remain as is.

To put this in perspective, if you buy a Calgary home or condo priced at $750,000, you will

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Calgary real estate news Check out the latest news from the red-hot Calgary real estate market!

Five Condos for less than $200,000 - Calgary Herald

For all you renters still sitting on the fence about buying a house, you have no excuse. Here are five condos in popular Calgary communities, priced under $200,000!

    • Legacy Park in the Legacy: Priced from $189,900, two bedrooms, two bath and 691 square feet.
    • Orchard Sky: Priced from $188,000, one bedroom, one bath and a den and 645 square feet.
    • Auburn Walk in Auburn Bay: Priced from $192,900, two bedroom, one bath and 572 square feet.
    • Origins at Cranston: The Aspen is priced from $190,000, has one bedroom, one bath with spacious kitchens and stainless steel appliances.
    • Newport in Canals Landing, Airdrie:
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The long awaited recreation centre in Calgary's new urban district of Seton is close to breaking ground. Recently approved by the city, this 330,000 square foot facility is slated to open its doors in 2018 - a long way off, but this will be more than just a rec centre. A true community gathering place, the Recreation Centre will be run by YMCA Calgary and will combine fitness with youth and neighborhood programs, and include a new library. This is an ambitious undertaking that will benefit thousands of South Calgary residents.

Proposed Amenities:

The Pools

  • 50-metre pool
  • 10-lane competition pool
  • Water Park
  • Leisure pool
  • Spectator viewing area
  • Additional hot tubs and steam room

Time to Workout

  • 3 Gymnasiums
  • Running/
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Looks like declining oil prices have not really affected how much homes in Calgary are selling for. Sure, new listings growth is down, but prices are still holding steady.

Calgary real estate market home prices

Looking at the February real estate stats for Calgary, as released by the Calgary Real Estate Board, new listing growth slowed from 37% in January down to 9% in February, which is a clear sign the panic to sell has passed. In terms of pricing, the unadjusted detached benchmark price was $516,000 in February, a 6% increase from Feb. 2014, and a 0.5% decline from January figures.

Again, looking back to the last time oil prices plunged, in 2008 (when oil was less than US$50 a barrel), the average Calgary home price only dropped by 7% from 2007-2009.

I think that, despite what the

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Calgary Ring Road As the price of oil continues to hover around the $US50 mark, there was some talk in January about the province reassessing its capital spending priorities in the face of falling revenues and royalties, and one of the items discussed was cancelling the planned southwest ring road. However Premier Jim Prentice recently told AM770 the project still had the green light.

The southwest leg of the ring road would help create a true circle road around the city, and that section comes with a $5 billion pricetag. In addition, from a Calgary real estate perspective, would pave the way for land development south of the Tsuu T'ina Nation in what is known as the Providence area, which is south of 146 Ave and north of Hwy 22x, west of Bridlewood and Evergreen. That

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Calgary housing starts down in January 2015It might be a blip in the radar, it might be a prelude to what might happen with Calgary's economy in 2015, but housing starts in the city took a huge drop in January. New home construction fell 43.8% in January, to 747 units, according to the Canada Mortgage & Housing Corp. By way of comparison, in January 2014, there were 1,328 housing starts.

Now the pundits will argue this is a result of low oil prices, but it could be the impact of the city's policy to stop growing outward and grow upward in terms of new housing growth. However the multi-family sector also dropped, by 50.7% to 430 units. Startups of single-family homes also declined last month, dropping 29.7 to 317 units from 451 in January 2014, so it could be something more than city policy.

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While Calgary's real estate market swoons along with the price of oil, there could be an big opportunity for a savvy buyer who can take advantage of what could be falling home prices.Calgary real estate market falling

In January, the number of homes sold (879) was down almost 40% from January 2014, according to the Calgary Real Estate Board. Actually in terms of home sales, it was the slowest January in over 7 years. However, home prices have been slow to react, as the median price actually went up from December 2014 and the average home price went down half a percent year over year to less than $461,000.

But in a supply and demand economy, with 37% more new listings on the market (from 3,100 listings to 4,400 in three weeks), prices will go down and the patient buyer can find the

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