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Real Estate Blog

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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Street Town Mahogany townhouses townhomes

After an initial 72-unit first phase, the popular Street Town in Mahogany is rolling out a new phase for those looking to get into the townhome market. And the best thing about the next 72 units is, there are no condo fees for owners.

Built by Homes By Avi, Calgarians can check out the second phase of the Mahogany Street Town townhomes which are also found in EvansRidge in the Northwest. Other communities with the concept include Legacy in Southeast Calgary and Sunset Ridge in Cochrane.

The Homes by Avi construction for Street Towns usually include landscaping and a private, fenced backyard with a deck or patio. Townhome owners own both the land and the home, so there are no condo fees involved with these units.

A concept design of the Street Town

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Give yourselves a pat on the back, Calgary, after making The Economist's 2014 list of most livable places in the world.

Most livable cities in the world

The Stampede City ranked No. 5 according to the publication, tied with Adelaide, Australia, while Melbourne, Australia was named as the top city. In coming up with its findings.

The Economist factored in 30 criteria across five main areas: safety, health care, education, the environment and infrastructure for 140 different cities around the globe. Interestingly, two other Canadian cities cracked the top 10 as well: Vancouver (No. 3) and Toronto (No. 4).

Calgary scored 96.6 points, while Toronto had 97.2, with Vancovuer coming in oh so slightly ahead at 97.3. The highest possible score is 100.

For the metrics of the ranking, each

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Brentwood Home murders

A nice Calgary home is for sale in Brentwood. The choice lot is surrounded by gorgeous mature trees and features 1,000 sq. ft., 4 bedrooms, plus 1.5 bathrooms with a good sized corner lot on a quiet family-friendly street in one of the city's best neighborhoods. Sounds great doesn't it?

It's also a home where last April, five students - all good friends - were brutally stabbed to death. And this fact brings up some interesting questions for potential buyers. Would you pay the listed price of $489,000 for this home? Or would you expect to get a super deal on a house that was the scene of a horrendous crime?

Media attention has certainly put the spotlight on the blue house in one of Calgary's nicer, mature neighborhoods. But this listing is now what's

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Calgary UFO sitings & reports

Seeing a UFO is known as a 'close encounter of the first kind' and when it comes to these unexplained sightings, the city of Calgary seems to be a popular spot for out-of-space tourists.

A new report by Winnipeg-based UFOlogy, said Calgary is among the cities in Canada with the highest number of UFO sightings over the past 25 years. The Stampede City has had 431 reports over the past quarter century, with Toronto, Winnipeg and Vancouver experiencing the most incidents of unexplained occurrences.

If the surrounding Calgary areas are included - such as Airdrie, Okotoks, Balzac, and Chestermere - there have been 472 sightings. Officials with UFOlogy are quick to point out the data in the report does not mean UFOs are real - only that there have been

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Calgary real estate market balance

Looks like Calgary's red-hot real estate market is showing signs of finally balancing out as new inventory levels in July outpaced sales growth for the month. Now July did include 2,336 residential sales - a record for the month, but year-over-year sales growth did slow to 3.18%.

"While July’s sales growth seems like a dramatic departure from the double-digit gains recorded in the first half of this year, it is in comparison to exceptionally strong sales during the same period last year," said CREB® chief economist Ann-Marie Lurie, adding July sales this year are nearly 19% above long-term averages for the month.

In July, there were 3,219 new listings which is an 18% jump from July 2013. The boost in new listings outpaced sales growth during the

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homes and lots for sale New Brighton Calgary

Looks like the popular southeast community of New Brighton is coming down the home stretch when it comes to lots for sale.

Area developer Brookfield Residential is releasing 122 lots for the final phase of the popular neighourhood's development. Many of these are highly-sought lots backing onto green space and the master-planned community's 12-acre pond. Plus many of them are highly-sought cul de sac parcels with large, pie-shaped lots as well.

With the release of these coveted lots, move-up homes are being offered by some of Calgary's most respected builders including Morrison Homes, Shane Homes and Cederglen Homes. When it comes to the New Brighton community, Morrison’s show homes include the 2,125-square-foot Sierra and the stately

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