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Calgary Economy the big picture

December 3rd, 2019

Real Estate and Calgary Economy December 2019

 

Total sales volume in Calgary is up by 1.1% from last year; Inventory is down by 9.7% and the “months on market” metric is also down by 9.4%.

However, in spite of these improving numbers, it is still a buyer’s market with the Benchmark price down by 3.5%.

Looking forward:

  1. Interest rates are not likely to go up;
  2. The Provincial government ...

Bank of Canada - Interest Rate held steady - October 2019

October 30th, 2019
Bank of Canada holds interest rates steady at 1.75%.

This is not the whole story as Mortgage rates are dependent on the bond market, and that has been falling as most of the G7 countries lower their lending rates.  Some european countries are paying you to borrow money!  Getting back to Canada... Inflation is on target at about 2%.  We do have strong employment with growth in IT and service in ...

69 TUSCANY SPRINGS HT NW, Calgary, Alberta

October 27th, 2019

I just finished uploading this House for sale, 69 TUSCANY SPRINGS HT NW, Calgary, Alberta

Fabulous appeal; new aluminum rails lead into the perfect home. The bright foyer open to above welcomes you. Adjacent to this is a flex room that is just so versatile. The kitchen is functional and inviting with an adjacent dining area and an island bar for those quick meals. The open and inviting living ...

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 ...

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