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September 2014

Found 4 blog entries for September 2014.

Calgary's best investment communities

A recent article by the Globe and Mail highlights the top 3 price-gaining Calgary communities since 2009. Research was done by Brookfield RPS and also includes Calgary condos. Here are the top 3 Calgary communities in terms of price appreciation since 2009.

Killarney

In July 2009, the average price for a single-family home in Killarney was $456,000. In July this year your typical home in Killarney was listed for an average of $632,000. That's a 5-year appreciation of 39% and a growth rate of 6.7% a year. Certainly those who bought in Killarney before 2010 are rejoicing.

Hillhurst

The northwest community of Hillhurst featured an average price of $614,000 in July 2009 for a detached home. In July 2014, the price of a single-family home shot up to

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The Better Business Bureau is warning Calgarians about a home repair scam following the downed trees and power outages after the recent heavy snowfall.

Calgary snowstorm scammers

The BBB is calling the scammers "storm chasers", adding they are generally from out of town and they go door-to-door giving residents "great deal" estimates on the cost to remove fallen trees and to repair damaged property. However, rather than being legitimate contractors, they will take a deposit for the work to be done from unwitting homeowners and never return again to do the work.

The City of Calgary fielded about 1,000 calls from citizens concerning fallen trees and damaged property, and it's a good idea to never give a repair man a deposit for work that is to be done, especially one who shows

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Check out some of the fun fall events happening in Calgary's lake communities!

Auburn Bay

Events in Calgary Lake Communities
  • Fishing Derby - There are great prizes and the derby is open to residents only who are more than 12 years old. The Fishing Derby goes on Sept. 20, 2014. Registration packages are available at Auburn House.
  • Women's Show & Sale - will be held at Auburn House on Sept. 20, 2014. This show will showcase the latest fashions, beauty products, crafts and much more. Admission is free but organizers are kindly requesting gently used clothing donations which will go to the Women in Need Society. Children are welcome and childcare will be provided.
  • Halloween Haunted House - This spooky attraction is sure to be a thriller on Oct. 31. Check out the haunted house at
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Calgary condos Calgary condo sales

Sales of existing condos are way up in Calgary, 14% higher in August than they were in August last year and 20% higher so far through 2014. While condos sales sharply increased, sales of single-family homes were down 2.4% from August 2013.

Officials with the Calgary Real Estate Board attribute the higher condo sales to affordability and a tight rental market. When it comes to a decrease in single-family homes sales, officials point out that the inventory of homes selling for less than $400,000 is shrinking.

In August, condos and townhouses accounted for 790 sales in Calgary. A total of 2,267 residences changes hands last months, including single-family homes.

Meanwhile, the average price of a condo was $332,006, which is significantly higher than a

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