October 2014

Looks like Southeast Calgary is poised to become the shopping mecca for the city thanks to the massive retail development planned for the Seton area.

In a Calgary Herald article, Warren Paulsen, the vice-president of commercial for Brookield Residential - the area developer - said some 8 hectares of land will become close to 200,000 sq. ft. of shopping space. To that end, Brookfield Residential has begun its pre-leasing phase to attract tenants.

The plan is to get earth moving and break ground next spring (May 2015), with the goal being to have the retail development in Seton completed by summer 2017. In terms of shopping, the new open-concept shopping centre will feature some 20 stores ranging in size from 1,500-32,000 sq.ft.

The Seton urban

Now that fall is here, we can take some time to reflect on a very busy August and September of real estate sales for the Calgary Home Team! Normally the Calgary real estate market slows down somewhat during the summer months, but sales remained steady this year.

The Calgary Home Team Helps Calgarians Sell Their Homes Faster

Lake Bonavista Estates Home Sold in 2 Days!

We successfully represented buyers on the sale of a $2.9 million home on the Lake Bonaventure in Lake Bonavista Estates. This particular home was only on the market for two days at the end of September and sold for $145,000 less than the asking price. We also represented our amazing clients who successfully sold the following homes:

• Auburn Bay: 360 Auburn Bay Drive SE. Sold in 13

As fall continues its grip on the prairies and Halloween is quickly approaching, the Calgary real estate market is chugging along at a good pace with sales remaining strong.

Record Sales in July

The normally slower summer months weren't all that slow in the Stampede City. July was a very busy month with 2,336 units sold - a record for the month - and a benchmark housing price of $511,600 for single-family homes. New Calgary listings amounted to a total of 3,219 units, which was 144 more than July 2013. Additionally, July sales were 19% above long-term averages for the month.

Calgary Condos Rule in August

August was also busy on the Calgary real estate scene with 2,267 units sold, down slightly from July. August sales were heavily paced by

It won't be long before Calgarians can venture out into a second downtown thanks to the amazing Seton development. It's a mixed-use, master-planned Southeast community that will become a "trading" area for more than 120,000 people. When it's completed, Seton will rank among the most comprehensive mixed-use developments in North America.

The urban zone will feature commerce, entertainment options, restaurants, parks and nightlife in a vibrant area around the South Calgary Health Campus. Basically it's about bringing a second downtown to Cowtown.

The Seton area, which has the largest solar panel power system in Calgary, encompasses some 165 hectares of space which will become more than a million square feet of professional services, drug stores, liquor