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Radon Gas in Alberta 2019

September 27th, 2019

Radon (Rn) in Alberta – A bad news/good news story!

Radon gas is the number one cause of lung cancer in non smokers in Alberta!  The good news is that you can do something about it.  Do it for your kids!

Radon is a colorless odourless gas that is radioactive with a half-life of 3.8 days. This decay process is what makes it dangerous. There is a lot of information available if you Google it: ...

282 COVEWOOD PA NE, Calgary, Alberta

May 16th, 2019

I just finished uploading this House for sale, 282 COVEWOOD PA NE, Calgary, Alberta

Welcome to this bright and roomy Bi-level. Fantastic curb appeal, and although it is a corner lot, there are no sidewalks! The entry is inviting with a protected, spacious verandah. Inside, the landing with closet opens to the Living room which shares a beautiful vaulted ceiling with the Dining room and kitchen ...

228 ROCKY RIDGE BA NW, Calgary, Alberta

April 4th, 2019

I just finished uploading this House for sale, 228 ROCKY RIDGE BA NW, Calgary, Alberta

***OPEN HOUSE – Saturday April 6 2:00 to 4:00*** This fully finished two story home “On the Ridge” has absolutely stunning views from all levels; with a full width, glass railed, deck! Most of the windows here have been updated to triple glazed, low-e. Knock down ceilings on all three levels, gleaming ...

Economic outlook for Alberta

March 1st, 2019

Economic Outlook for Alberta – and by extension Calgary


Recently I have focused on month by month changes in the Calgary Real Estate Market.  In the short term I do not see any major change in direction for the market. 

Here is an update on some significant projects at various stages of completion:

  1. The BC LNG project, should have some indirect benefit during construction. More importa ...

Calgary Real Estate Outlook February 1, 2019

February 4th, 2019

Calgary Real Estate – February 1, 2019

Our Real Estate market continues to struggle with low sales numbers and too many properties on the market relative to sales as can be seen by the attached graph. This graph shows inventory/sales (green line) trending upwards and bench mark prices trending downwards.  Overall sales are down by 16% y/y and benchmark prices are down by 4%

If you believe t ...

131 FALSHIRE TC NE, Calgary, Alberta

December 12th, 2018

I just finished uploading this Townhouse for sale, 131 FALSHIRE TC NE, Calgary, Alberta

Fantastic renovation! Welcome to this bright and roomy Townhome. All new doors and windows will give you comfort and peace of mind for years to come. Inside is even better! Luxury Vinyl Plank flooring throughout the main floor combined with new half bath and new kitchen cabinets, counters, tile backsplash a ...

Historical Review - Calgary Home Prices

October 13th, 2018

Historical review of Calgary home prices vs the National average

This data is from the Teranet National Bank.  What can be seen from the graph below is that from 2000, when this data started, till 2005 Calgary Home Price Index (HPI) was almost identical with the national average. Then, with the boom in oil prices the Calgary market took off. Calgary outperformed the national average till 201 ...

Economics of Buying vs Renting

September 20th, 2018
This article in Canadian Real Estate Wealth grabed my attention:

It is by Will Dunning of Mortgage Professionals Canada

The Coles notes version says that owning in Canada is becoming more advantageous in the long run than renting.

I would say that for the Calgary market this will be doubly true if Canada can get one or two pipelines built!

The full article can be found here:  https://bit.ly/2xpQm ...

House Price Index - Calgary

September 12th, 2018
Summary of the House Price Index in Calgary (HPI) This shows that with some selected exceptions the house prices in Calgary have remained relatiavely constant over the last two years.

For this to change, we need those pipelines built!

Calgary NW The Hamptons

September 4th, 2018
Hamptons - Real Estate Sales
Sold last 90 days - As of August 31, 2018
  Units List/Sold $ DOM
Active 5 363,740 59
Sold 1 340,000 190
0.33 sell/month. Therefore 15 months of inventory
Sold $ = 97.1% of List price
Single Family  
Active 25 860,757 62
Sold 21 737,7 ...
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