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Calgary Condo Information

Check out the lastest on Calgary's condo market and condos sales.

Found 9 blog entries about Calgary Condo Information.

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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Calgary condoGood for the Buyer...or Is it?

With the rising cost of real estate in Calgary, it's no wonder that condominiums have become increasingly popular in the last year. In November alone, sales from Calgary condos and townhomes showed a 20% increase.

The benchmark price for a Calgary condominium is $300,700 compared to $279,600 in November 2013. Even with rising prices, a condo is still the most affordable alternative for many trying to get a foothold in the Calgary real estate market.

In an effort to continue the momentum and protect buyers in this booming market, the Alberta government is looking at introducing a new legislation - Bill 9 - the Condominium Property Amendment Act. This includes about 50 amendments to the condominium property laws in an

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Canadian economic growth is still leading in Calgary with the lure of higher salaries and job opportunities. This filters down to housing which has consistently remained strong in 2014.

Calgary Listings Fun Facts

Calgary November listing stats

Top 3 Months for Listing a Home

The top 3 months for new listings were:
May with 4,327
June with 3,815
April with 3,754

Which Months Have the Most Active Market

If you're wondering which times of the year have the most active market, the average days on the market were:
January: 40
November: 38
October: 37
September 36
August 35
July: 33
February: 30
June: 29
March: 28
May: 27
April: 27

Million Dollar Homes

We're also seeing 28% increase in home sales over $1 million dollars in November:

  • November 2013 50 homes sold over $1
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Calgary real estate market: Calgary home salesAs 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

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Seton, Calgary

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

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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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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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The Concord luxury condos Calgary

Get ready, Calgary for what will become the city's most luxurious condominium complex. A Vancouver real estate developer (Concord Pacific) has let the public check out plans for the upscale Eau Claire development that will be called The Concord.

The luxury 14-floor, 350,000 square foot complex at 6 St. SW and 1 Ave. SW, right on the Bow River near the Peace Bridge, will have 185 units in total, with the bottom-level entry price coming in at a cool $1 million. A penthouse suite will sell for about $13 million. A limited number of 2-bedroom, $700,000 premium suites will be available. The smallest suite will be 1,050 square feet, while a penthouse unit will boast a very roomy 6,000 square feet.

When it comes to high-end additions and finishings, a

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Calgary condos, Calgary condos for saleWhen it comes Canada's baby boomer generation, many will be retiring and downsizing in the next few years. In fact, the statistics show that nearly 1,000 Canadians a day will retire over the coming 18 years. Retirement for baby boomers brings about the looming question of where to live for the next phase of their lives. The kids have left the nest, and most retirees will want to downsize their living space.

Downsizing definitely has its advantages. Here are a few good things about the "less is more" lifestyle:

  • A smaller home means a smaller or no mortgage
  • Downsizing usually means no yardwork or snow shovelling, and more time for fun
  • Lifestyle Upgrade: Live close to the amenities that bring you enjoyment

Great Calgary Condos for an Awesome

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