Here 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…
Residents in southeast Calgary are excited as construction is finally underway on the much-needed Seton Recreation facility, the last of four centres in newer communities within the city.
The Seton facility will be a state-of-the-art centre measuring 330,000 sq. ft and costing some $193 million. It will feature two skating rinks, a 50m, 10 lane competition pool, a leisure pool, water park, dive tank, surfing simulator, and gymnasiums (for courts sports like basketball, badminton and volleyball), a fitness centre, and running/walking track. After your work out, relax in hot tubs and steam room, or if need be, visit the onsite physiotherapy/medical clinic. On the cultural side, a full-service library, theatre and art studio with gallery will be…
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…
Our neighbours to the north are enduring one of the most difficult challenges they're likely to face; dealing with the Fort McMurray wildfire. One of the largest Alberta fires in over 100 years, this tragedy has resulted in the evacuation of over 80,000 people in this Alberta oil town.
Since Tuesday, May 3, the fire has increased ten fold, currently about the size of Calgary, and it's still not known how the blaze started. 22 water bombers, dozens of helicopters, heavy equipment and over 250 firefighters have had little impact in containing the wildfire that has been fed by dry conditions, warm temperatures and high winds.
As the evacuation areas continue to spread, it's important for our neighbours to know they aren't alone. Cash donations and…
Southeast 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
- 128 rooms
- 4 executive suites almost 900 square feet in size with luxury finishings and incredible mountain and city views
113 Auburn Shores Ld - The Ultimate Lakefront Lifestyle
Maybe you've been undecided about moving to Auburn Bay, not sure if this is the lifestyle for you? A home in Auburn Bay is more than just a house. It's about a lifestlyle that revolves around the lake, both in the summer and winter.
It's about community. Where a busy group of volunteers ensure families have plenty of opportunities to gather and get to know each other. It's also about support, whether it be through the many Facebook groups, Neighborhood Watch, or charity events, residents here look out for each other.
Once you see the lakefront home at 113 Auburn Shores Ld., you'll wish you had moved to Auburn Bay years ago. It's time to get ready to enjoy the best that this Calgary lake…
2016 New Year's Resolutions from Finance Minister Bill Morneau
If 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…
Last Saturday night Auburn Bay held its annual Parade of Lights event and it was a great success. Families lined up along the street on a warm December evening to spread Christmas cheer and bring the community together. A lot of effort went into the floats and the residents, young and old, enjoyed it all.
We were so impressed with the organization and quality of the parade. An event like this doesn't happen by itself. Over 35 people volunteered to work as street marshals, and manning hot chocolate, cookie and craft tables. Not to mention the hours of planning involved to make the parade a success. Having our 2 fantastic community groups working together as a team created phenomenal results
Here is a list of all of the…
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: