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Luxury Home Sales Booming in Calgary

Admin-VA — Sat, 26 May 2012 06:00:08 +0000

Calgary Real Estate News

CALGARY — Growing confidence in Calgary’s residential housing market has spilled over into luxury properties with first-quarter sales over the $1-million price point, the best on record since 2007, says a report released Wednesday by Re/Max.

The Upper-End Market Trends 2012 report said 115 homes changed hands in the first quarter, up from 106 during the same period in 2011, 67 in 2010, 35 in 2009, and 86 in 2008.

Only 2007 posted greater sales activity in the top end, with 124 sales priced over $1 million, said Re/Max.

“Locals are primarily behind the push, trading up to larger homes or lot sizes, taking advantage of today’s low interest rates and more affordable housing values,” said the report.

“Movement back into Calgary — in the form of transfers from international corporations — is also a trend worth noting. A good selection of upper-end product is available in the City of Calgary where more than 400 properties are currently listed for sale. Inventory is noticeably tighter closer to the inner core, especially in older, established areas like Elbow Park, Bonavista, and Mount Royal.” Want to read more in depth on this article? Just click the link below.

Luxury Home Sales Booming in Calgary – Calgary Real Estate

Jared & Rebecca

About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________

1810 41 Street NW

Admin-VA — Fri, 25 May 2012 00:48:20 +0000

This two storey Montgomery home is close to transit, river paths, University of Calgary, and the Children’s Hospital! Offering a double detached garage and privacy fenced backyard, this family home features hardwood flooring on the main; the living area boasts soaring ceilings, expansive windows, and centers a cozy fireplace. The bright den offers great home office space, and the kitchen is open to the dining through a unique pass-through. The two bedrooms upstairs share a full bath, with the master boasting a large walk-in closet, 2nd linen closet, and shutters that open to overlook the main level. The second bedroom also offers a walk-in closet! The basement has been developed to house two additional bedrooms and a three-piece bath. With great curb appeal in a great locale, call today to arrange your viewing of this home today!

Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________

Calgary Real Estate Sales Growth Leads Country

Admin-VA — Thu, 24 May 2012 06:00:53 +0000

Calgary Real Estate News

Calgary is poised to regain its place as Canada’s hottest housing market after new data showed the city last month had the country’s highest year over year MLS sales growth.

The Canadian Real Estate Association, in a report released Tuesday, said the city’s 2,720 MLS sales in April were up 30 per cent from a year ago. Nationally, sales grew 11.5 per cent from April 2011.

“Calgary is quietly becoming a market to watch,” said BMO Capital Markets economist Robert Kavcic, noting sales are above the 10-year average for the first time in about three years.

While sales are soaring, prices have shown more modest gains, however. CREA’s April survey showed the average MLS sale price in Calgary rose 0.7 per cent to $414,932, compared with 0.9 per cent across Canada. Want to read more in depth on this article? Just click the link below.

Calgary Real Estate Sales Growth Leads Country – Calgary Real Estate

Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________

103 1321 Kensington Close NW

Admin-VA — Thu, 24 May 2012 02:32:56 +0000

Stunning two bedroom ground level condo in the Providence Kensington building – situated perfectly in an inner city locale close to all the great amenities of Kensington! This unit offers hardwood flooring in the main living areas; the kitchen features sleek stainless steel appliances and a large functional island with room for seating. This unit also offers a private gated patio off the living room – great for outdoor dining and relaxing! The master boasts a large walk-in closet & gorgeous four-piece ensuite with dual raised basin sinks. A second full bath is ultra-convenient and insuite laundry & storage is a must! In a great location & close to everything, this unit is a must-see; call today to schedule your private viewing appointment today!

Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________

Boardwalk REIT Reports Increased Rental Revenue

Admin-VA — Wed, 23 May 2012 06:00:50 +0000

Calgary Real Estate News

CALGARY — Calgary-based Boardwalk Real Estate Investment Trust reported Tuesday increases in total revenue, funds from operations, occupancy and average rents for its fiscal first quarter.

Boardwalk said total rental revenue of $108 million, for the three-month period ending March 31, was up 3.5 per cent compared with the first quarter of last year.

Funds from operations of $34.3 million was up 21.8 per cent while funds from operations per unit of 66 cents increased by 22.2 per cent.

Boardwalk said its occupancy rose to 98.04 per cent in the quarter from 96.87 per cent while the average monthly rent rose from $991 last year to $1,023.

“The overall market is into a more balanced state and has absorbed a great deal of excess inventory. So there’s balance between the amount of supply and the amount of demand,” said Sam Kolias, chairman and chief executive of Boardwalk. Want to read more in depth on this article? Just click the link below.

Boardwalk REIT Reports Increased Rental Revenue – Calgary Real Estate

Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________

Canada Ready to Tighten Mortgage Insurance Market

Admin-VA — Tue, 22 May 2012 06:00:23 +0000

Calgary Real Estate News

OTTAWA — The Canadian government will act if needed to further tighten the mortgage insurance market, Finance Minister Jim Flaherty said on Tuesday.

Some analysts fear low interest rates are helping to fuel a possible bubble in the Canadian housing market. Speaking to the House of Commons Finance Committee, Flaherty noted that the Conservative government had clamped down on the market three times since July 2008.

“We will take further steps if necessary,” he said. Want to read more in depth on this article? Just click the link below.

Canada Ready to Tighten Mortgage Insurance Market - Calgary Real Estate

Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________

Calgary Single Family Market Stats

Admin-VA — Mon, 21 May 2012 23:16:32 +0000

May 21, 2012

Let’s take a look at the real estate market especially the single family market housing stats. Currently there are 298 sales pending in the market overall, leaving 3842 listings still for sale. The resulting pending ratio is 7.2% (298 divided by 4,140). So you might be asking yourself, that’s great… but what exactly does it mean? I’m glad you asked!

The pending ratio indicates the supply & demand of the market. Specifically, a high ratio means that listings are in demand and quickly going to contract. Alternatively, a low ratio means there are not enough qualified buyers for the existing supply.

“Current inventory is described as somewhat slow.”

Taking a closer look, we notice that the $300K – $400K price range has a relatively large number of contracts pending sale.
We also notice that the $400K – $500K price range has a relatively large inventory of properties for sale at 870 listings. The median list price (or asking price) for all properties in this market is $499,223.

A total of 7347 contracts have closed in the last 6 months with a median sold price of $412,800. Breaking it down, we notice that the $300K – $400K price range contains the highest number of sold listings.

Alternatively, a total of 3909 listings have failed to sell in that same period of time. Listings may fail to sell for many reasons such as being priced too high, having been inadequately marketed, the property was in poor condition, or perhaps the owner had second thoughts about selling at this particular time. The $300K – $400K price range has the highest number of off-market listings at 941 properties.

Click To View The Full Calgary Housing Market Report

Get This Report Weekly

Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________

Calgary Condo Market Stats

Admin-VA — Mon, 21 May 2012 23:00:29 +0000

May 21, 2012

Let’s take a look at the real estate market and specifically the condo market. Currently there are 135 sales pending in the market overall, leaving 1948 listings still for sale. The resulting pending ratio is 6.5% (135 divided by 2,083). So you might be asking yourself, that’s great… but what exactly does it mean? I’m glad you asked!

The pending ratio indicates the supply & demand of the market. Specifically, a high ratio means that listings are in demand and quickly going to contract. Alternatively, a low ratio means there are not enough qualified buyers for the existing supply.

“Current inventory is described as somewhat slow.”

Taking a closer look, we notice that the $200K – $250K price range has a relatively large number of contracts pending sale.

We also notice that the $250K – $300K price range has a relatively large inventory of properties for sale at 442 listings. The median list price (or asking price) for all properties in this market is $279,900.

A total of 2840 contracts have closed in the last 6 months with a median sold price of $264,000. Breaking it down, we notice that the $200K – $250K price range contains the highest number of sold listings.

Alternatively, a total of 1774 listings have failed to sell in that same period of time. Listings may fail to sell for many reasons such as being priced too high, having been inadequately marketed, the property was in poor condition, or perhaps the owner had second thoughts about selling at this particular time. The $250K – $300K price range has the highest number of off-market listings at 394 properties.

Click To View The Full Calgary Housing Market Report

Get This Report Weekly

Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________

Women More Likely to be First-Time Homebuyers, Canadian Poll Finds

Admin-VA — Mon, 21 May 2012 06:00:53 +0000

Calgary Real Estate News

CALGARY — Women are more likely than men to be first-time homebuyers among Canadians who plan to buy a home within the next two years, according to the 19th Annual RBC Homeownership Poll released Monday.

The poll said 49 per cent of women and 35 per cent of men plan to be first-time homebuyers.

“We are seeing more single women entering into the housing market, as income levels, changing demographics and lifestyle patterns shift purchasing habits,” said Marcia Moffat, head of home equity financing, RBC. “But women are being more cautious than men, weighing cost, affordability and job security before buying a home.”

Of the Canadians who have recently become first-time homebuyers, men and women were tied (47 per cent) in saying affordability was the biggest concern that prevented them from purchasing a home earlier. Want to read more in depth on this article? Just click the link below.

Women More Likely to be First-Time Homebuyers, Canadian Poll Finds – Calgary Real Estate

Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________

City of Calgary Building Permits Soar in April

Admin-VA — Mon, 21 May 2012 00:36:00 +0000

Calgary Real Estate News

CALGARY — City of Calgary building permit applications soared in April compared with last year.

On Tuesday, the city reported that the estimated construction value of permits was $608 million, up 75 per cent from the $347 million in April 2011.

Year-to-date, the total is $1.609 billion, which is down two per cent from $1.638 billion for the same period last year.

Construction value so far this year is up 23 per cent compared with the five-year average of $1.303 billion and up 33 per cent compared with the 10-year average of $1.210 billion.

“We are currently seeing healthy levels of activity in both the residential and non-residential sectors,” said Kevin Griffiths, chief building official for the city, in a statement. Want to read more in depth on this article? Just click the link below.

City of Calgary Building Permits Soar in April – Calgary Real Estate

Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________