Connect

Find us on...

Dashboard

Login using...

New Search X

Calgary Investor Alert

Calgary Home Team provides weekly commentaries on some of the best deals in the Calgary market. Whether you're purchasing your first home, or looking for a great investment, this is an informative blog to stay on top of.

Found 66 blog entries about Calgary Investor Alert.

Calgary real estate round up July 2016Here 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

6,205 Views, 0 Comments

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

529 Views, 0 Comments

2016 New Year's Resolutions from Finance Minister Bill Morneau

2016 Down payment increaseIf 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

631 Views, 0 Comments

Top 10 Calgary communities for value and appreciationMoneySense recently came up with a list of the Calgary's top communities positioned for price growth when the Economy rebounds. MoneySense looked for growth communities that would offer the most value over 1-year and 5-year periods. Most of the neighbourhoods were in the Southwest and the lack of Northwest communities (Bowness and Montgomery to name just a couple) is fairly surprising.

1. Glenbrook, $591,083

Considered a rock solid community, Glenbrook featuring mostly well-kept single-family homes. It's in a great location, not too far from downtown, and MoneySense expects a very good short-term price appreciation of 17.9% and a 45.6% increase in the next five years.

2. Rosscarrock, $596,823

With easy access to downtown and a good, fairly central

3,120 Views, 0 Comments

Looks like declining oil prices have not really affected how much homes in Calgary are selling for. Sure, new listings growth is down, but prices are still holding steady.

Calgary real estate market home prices

Looking at the February real estate stats for Calgary, as released by the Calgary Real Estate Board, new listing growth slowed from 37% in January down to 9% in February, which is a clear sign the panic to sell has passed. In terms of pricing, the unadjusted detached benchmark price was $516,000 in February, a 6% increase from Feb. 2014, and a 0.5% decline from January figures.

Again, looking back to the last time oil prices plunged, in 2008 (when oil was less than US$50 a barrel), the average Calgary home price only dropped by 7% from 2007-2009.

I think that, despite what the

1,971 Views, 4 Comments

Calgary housing starts down in January 2015It might be a blip in the radar, it might be a prelude to what might happen with Calgary's economy in 2015, but housing starts in the city took a huge drop in January. New home construction fell 43.8% in January, to 747 units, according to the Canada Mortgage & Housing Corp. By way of comparison, in January 2014, there were 1,328 housing starts.

Now the pundits will argue this is a result of low oil prices, but it could be the impact of the city's policy to stop growing outward and grow upward in terms of new housing growth. However the multi-family sector also dropped, by 50.7% to 430 units. Startups of single-family homes also declined last month, dropping 29.7 to 317 units from 451 in January 2014, so it could be something more than city policy.

1,476 Views, 0 Comments

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

1,057 Views, 0 Comments

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
1,831 Views, 0 Comments

It's still a good time to sell your home as the Calgary real estate market enjoyed another brisk month in October with the second-most sales for the month in the history of the city. October saw home and condo prices go up as well.

calgary real estate market and statistics October 2014

For starters October 2014 included 2,148 total MLS sales (single-family homes, townhouses and condos), which is a whopping 10.27% increase over last October. Meanwhile in terms of home prices, Calgary's median price went up 5.33% to $430,411, with the average sale price increasing to $486,411, up 6.49% from September. The October record for sales was back in 2005, when 2,204 residences changed hands.

It's interesting the Calgary real estate market has continued to see increased sales and prices at a time of the year when

1,692 Views, 6 Comments

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

1,849 Views, 0 Comments