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 – 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 – 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 ...

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 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 ...

Summary of sales August 2018

Calgary continues to struggle with high unemployment at 7.9%  Tighter lending and competition from new home sector are contributing to slow sales leading to a y/y price decline of 2.7%. The condominium apartment sector has struggled for years with oversupply but now has a y/y price decline of 2%.

Prices and sales remain variable depending of style of property an ...