Calgary Real Estate News

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Wednesday, April 17, 2013 - Hey, Where's The Alberta Boom?

When it comes to the real estate market, the conjecture is flowing, the questions being posed, the concern mounting. In the majority of the country, this concern is all focused on markets perceived to be ‘over-priced’ or ‘over-heated.’ However, with a quick trip west to Alberta you find the concern is on the opposite end of the scale with the experts asking the question: “Why isn’t the market booming like it was in 2007?”

This is real life proof that the Canadian market has become incredibly regional in its performance and focus. The debate in Toronto is all about the over/under supply of condos hitting the market: in Vancouver it is all about whether the city is becoming a haven for empty condos owned by foreigners, in Saskatchewan the discussion is currently focusing on how to provide affordable housing for the growing population of workers.

While these discussions continue, in Alberta the discussion has turned just a little strange. The questions are not about whether the market is over-valued, or whether there are too many foreign buyers, or even a discussion on affordable housing. The debate that is raging is all around why the market isn’t booming like it did in 2006 and 2007 (the hottest time in Alberta’s real estate market) when the job market and population were growing at the same rates as they are today.

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posted in News at Wed, 17 Apr 2013 08:51:21 -0600

Tuesday, April 9, 2013 - Tight market drives home prices higher

Real estate board reports average Calgary house sold for $518,400By Dan Healing, Calgary Herald April 2, 2013 CALGARY ? A tighter market for resale homes led to faster sales as prices set new all-time highs in March, according to the Calgary Real Estate Board.In Calgary, average housing unit prices including condos and townhouses were up nine per cent to $460,800 from $422,400 in March 2012. That?s more expensive than the record $457,100 in February, which upset the previous high mark of ...
posted in News at Tue, 09 Apr 2013 10:06:34 -0600

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