Calgary Real Estate News

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Saturday, November 14, 2015 - October's Top Realtors at Century 21 Bamber

posted in News at Sat, 14 Nov 2015 19:50:03 +0000

Wednesday, June 3, 2015 - April's Top Bamber Realtors

posted in News at Wed, 03 Jun 2015 15:38:27 +0000

Wednesday, September 3, 2014 - Calgary resale housing market soars in August

Second highest level of sales ever for the month
posted in News at Wed, 03 Sep 2014 20:02:36 +0000

Wednesday, July 9, 2014 - Top 10 for June! Thanks everyone!!

posted in News at Wed, 09 Jul 2014 18:07:54 +0000

Tuesday, April 22, 2014 - Toronto, Vancouver, Calgary rated tops for real estate investment

Canadian cities – and Toronto in particular – are exceptionally good real estate destinations in the long term, according to a new report from a London-based real estate firm. TORONTO STAR/FILE PHOTO

All 3 tops for ‘resilience’ and growth potential, says U.K. report

Toronto, Vancouver and Calgary have been ranked as the three best places out of 50 cities around the world in terms of where best to invest in real estate for the long term, according to a centuries-old London real estate firm.

Their star ranking doesn’t come so much from short-term metrics like return on investment, but their longer term “resilience” — a stellar combination of “low vulnerability and high adaptive capacity,” says the unusual report, more than three years in the making, by the U.K.-based Grosvenor Group.

Adding to that ability to rise above the cyclical ups and downs of the real estate market is the fact all three Canadian cities have a “high level of resource availability” and “are well governed and well planned.”

In fact, they beat out London, New York and even Chicago, ranked as No. 4, for their strong investment potential over the coming decades.

“These Canadian cities have a great deal of economic dynamism,” said group research director and economist Richard Barkham, in a telephone interview from Vancouver where he’ll be discussing the research findings later this week at an Urban Land Institute conference.

“A lot of people just look at real estate investments in terms of short-term risk and return on investment. But we believe you need to look beyond that — to look at cities holistically in terms of their ability to adapt and improve.

posted in News at Tue, 22 Apr 2014 17:22:11 +0000

Thursday, November 7, 2013 - Calgary Real Estate Board November Stats and News

posted in News at Thu, 07 Nov 2013 19:03:44 +0000

Tuesday, November 5, 2013 - Canmore lot sells for a record $2 million

CALGARY - A Canmore lot has sold for a record price of $2 million in that real estate market, the Herald has learned.

Kyle Pressman, a realtor with Maxwell Mountain Realty in Canmore, who sold the 14,000-square-foot lot at 23 Prospect Heights, said the sale eclipsed the previous high for a lot of $1.975 million in May 2008.

“All of a sudden we’ve had four sales over $2 million in the past four months. So the wealthy people are getting off the fence and they’re spending money again,” said Pressman.

“They haven’t shopped for awhile and now they’re buying . . . It’s been very good.”

He said demand is continuing in the luxury market with sales 31 per cent higher than a year ago.

Between January 1 and October 25 this year, 22 single-family properties in Canmore, including one lot, have sold for more than $1 million and four properties have sold for more than $2 million including the Prospect Heights lot.


posted in News at Tue, 05 Nov 2013 16:44:31 +0000

Monday, September 30, 2013 - September Real Estate Newsletter

posted in News at Mon, 30 Sep 2013 22:04:29 +0000

Tuesday, September 17, 2013 - Calgary new home price growth best in Canada new home price growth best in Canada

5.8% year-over-year hike best since December 2007

CALGARY - The Calgary region experienced the best year-over-year price growth for new homes across the country in July, according to Statistics Canada.

The federal agency reported Thursday that the New Housing Price Index for the Calgary census metropolitan area rose by 5.8 per cent from July 2012.

“This was the largest price movement in Calgary since December 2007,” it said.

Across Canada, the index was up 1.9 per cent from a year ago.

On a monthly basis, prices in Calgary increased by 0.6 per cent while throughout the country they were up 0.2 per cent.

Statistics Canada said “increased material and labour costs as well as a shortage of developed land contributed to higher prices in Calgary. Calgary has been a top contributor to advances in new housing prices over the past eight months.”

Ben Brunnen, a Calgary economic consultant, said Calgary is a strong economy right now, and there are a lot of factors driving residential housing demand.

“Persistently low unemployment compared to other parts of Canada have drawn lots of interprovincial migrants to our city,” said Brunnen. “This increases housing demand and, when combined with low vacancy rates, really puts pressure on house prices.

“New home construction costs are also on the rise in Calgary, driven in part by labour shortages from the June floods. Expect to see Calgary home prices continue to grow into 2014.”

© Copyright (c) The Calgary Herald  

posted in News at Tue, 17 Sep 2013 18:54:10 +0000

Thursday, May 30, 2013 - House prices expected to grow in Calgary

House prices expected to grow in Calgary

5-6.9% year-over-year hike forecast in the short term

CALGARY — Short-term year-over-year price growth expectations for the Calgary resale housing market are between five and 6.9 per cent, according to the Conference Board of Canada.

In a report released Thursday, the board said the average sale price in Calgary was $423,917 in April, up 4.6 per cent from last year.

The seasonally-adjusted annual rate of sales was flat at 28,548 while listings dropped by 1.6 per cent to 44,364.

The board listed Calgary as a balanced market.

Edmonton’s short-term year-over-year price growth expectations were three to 4.9 per cent.

The seasonally-adjusted annual rate of sales in Edmonton was 17,100, down 8.6 per cent from a year ago while the average sale price moved up by 1.0 per cent to $339,408. Listings were off by 8.5 per cent to 29,232.

Edmonton as well was listed as a balanced market.

Transactions were below their April 2012 levels in 24 of 28 markets in Canada, with 21 reporting a drop of five per cent or more.

Listings fell from a year ago in 14 markets.

posted in News at Thu, 30 May 2013 15:11:32 +0000

Wednesday, May 22, 2013 - Canadian recreational property market buoyed by low interest rates

50% of Canadians feel prices will increase
By Mario Toneguzzi, Calgary Herald May 16, 2013

CALGARY — Continued low interest rates are having a positive impact on the Canadian recreational real estate market, says a survey by Royal LePage.

The survey, which polled Canadians across the country who either currently own or intend to purchase a recreational property within the next five years, found that 82 per cent say interest rates will influence their decision to purchase a recreational property — and 58 per cent feel added urgency to buy a recreational property while interest rates are low.

The survey also revealed that 50 per cent indicated that prices will increase and 32 per cent said they will stay the same.

“Despite financial and economic uncertainty, or perhaps because of it, we have found that the enduring value of recreational properties is widely-recognized by Canadians,” said Phil Soper, president and chief executive of Royal LePage Real Estate Services. “In contrast to our large urban centres, where home prices shot up in recent years before rapidly cooling in 2013, the recreational property market has remained remarkably stable and resilient.”

Royal LePage said the average price range for a standard waterfront, land access cottage of 1,000 square feet, three bedrooms and on a 100-foot lot, is $110,000 to $650,000 in Alberta while the national average is $177,500 to $625,500.

Royal LePage said properties on a lake are by far the leading property type, with almost half (41 per cent) of those planning to buy indicating that this is their first choice, followed by a property in the mountains or woods(17 per cent) and a condominium in a recreational community (13 per cent).

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posted in News at Wed, 22 May 2013 15:48:15 +0000

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 14:51:21 +0000

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 16:06:34 +0000

Wednesday, January 16, 2013 - CREB 2013 Housing Market Forecast

CREB® forecasts moderate sales, price growth Calgary, Jan. 16, 2013 ? The resale housing market in Calgary and area will see moderate sales and house price growth in 2013, CREB® said today at its annual forecast.Sales growth in the city is expected to ease to 2.2 per cent this year, with house prices rising by 2.9 per cent.?Slower growth trends in employment combined with lower migration estimates will impact sales growth across all resale sectors, and, as listings continue to decline, this ... Full Article...
posted in News at Wed, 16 Jan 2013 19:02:52 +0000

Friday, January 11, 2013 - Check out my January e-newsletter!

Happy New Year everyone!  One can?t help but feel the positive attitude in Calgary and that we are leading the way economically in Canada right now.  Our real estate market has been strong and going in one solid direction and this looks like it should continue.  Over the past year the rental market has been showing us that this will be the trend going forwards ? rental prices are over the top and rentals in general are difficult to find.  This is driving past renters to now purchase homes and ... Full Article...
posted in News at Fri, 11 Jan 2013 19:18:52 +0000

Friday, January 11, 2013 - Calgary's millionaires are among the country's richest, a magnet for luxury retailers

Calgary?s millionaires are among the country's richest, a magnet for luxury retailers By Amanda Stephenson, Calgary Herald CALGARY - Record-breaking luxury home sales and a flood of high-end retailers into the city are just two indicators of Calgary?s growing wealthy population.Recent statistics from Investor Economics Strategy Consulting show Calgary not only has more high net worth households than any other city in the Prairie provinces, but Calgary?s wealthy are actually richer, on average, ... Full Article...
posted in News at Fri, 11 Jan 2013 16:58:28 +0000

Tuesday, December 18, 2012 - Is Alberta Poised To Surpass Their 2007 Boom? Excerpt from CMHC Housing Outlook Conference Calgary November 2012By Lai Sing Louie According to CMHC, the pace of economic growth in Alberta is moderating but will remain above the national average. Following a 5.2% gain in 2011, expect the economy to expand by 3.1 and 2.9 percent in 2012 and 2013. Global economic uncertainty and stable growth in the US, will slow the gain in Alberta?s energy exports. The value ... Full Article...
posted in News at Tue, 18 Dec 2012 21:54:41 +0000

Thursday, June 28, 2012 - New Mortgage Rules take effect July 9th!

This past week, the Federal Government announced new mortgage lending rules that are set to take effect within 2 weeks. As of July 9th, 2012 there will be four new measures for insured mortgages with loan-to-value ratios of more than 80%:
• Reduce the maximum amortization period to 25 years from 30 years. On a $350,000 mortgage with 3% interest, it will increase monthly payments by $184
• Lower the maximum amount Canadians can borrow when refinancing a home to 80% from 85%
• Fix the maximum gross debt service ratio at 39% and maximum total debt service ratio at 44%. This may make it more difficult to qualify for a mortgage based on your income and other debts
• Limit the availability of insured mortgages under $1 million
Timing is Everything
If you are thinking about purchasing a new home, take advantage of the current rules and low interest rates today. Contact me for more information about these new mortgage rules and how you can benefit by purchasing before July 9th.  Call my cell at 403-862-2265 or visit to find your new home today!

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posted in News at Thu, 28 Jun 2012 01:47:04 +0000

Tuesday, June 26, 2012 - Calgary house price gains picking up speed

4.84% annual hike in MLS Home Price Index

By Mario Toneguzzi, Calgary Herald, June 22, 2012

CALGARY — House price gains are starting to pick up speed in Calgary, according to the Canadian Real Estate Association.

The national realtors’ group reported Friday that Calgary has experienced a 4.84 per cent gain in the past 12 months to May in the MLS Home Price Index — second only to Toronto’s 7.93 per cent year-over-year growth.

“Home price gains in Greater Toronto continue to eclipse those in other markets. Gains are also starting to pick up speed in Calgary after months of stability,” said Gregory Klump, CREA’s Chief Economist. “As always, prospects for home price trends depend on buyers’ willingness to pay and sellers’ expectations and motivations, both of which are tied to economic, labour market, and interest rate prospects.

“With European sovereign debt and banking issues likely to cloud the global economic outlook, Canadian interest rates will remain at or very near current levels. The continuation of low interest rates will continue to support Canadian housing activity and prices for some time to come.”

CREA said May marked the largest year-over-year gain in Calgary in nearly two years. The increase lifted the index for Calgary to its highest level since August 2008.

Read more:

posted in News at Tue, 26 Jun 2012 17:55:32 +0000

Monday, June 18, 2012 - Calgary MLS sales bloom in May

Nearly 32% hike from last year

By Mario Toneguzzi, Calgary Herald June 1, 2012

CALGARY — MLS sales in Calgary ballooned in May as residential transactions in the city were up by nearly 32 per cent compared with a year ago.

According to the Calgary Real Estate Board, total MLS sales during the month in the city reached 2,385, an increase of 31.77 per cent from May 2011, and the average sale price rose by 2.83 per cent to $445,334.

The housing market was buoyed by strong activity in the single-family home sector.

There were 1,710 single-family home sales during the month, up 30.73 per cent from last year, and the average sale price jumped by 2.70 per cent to $502,065.

That average price was only the second time it has topped half a million dollars and fell just short of the record of $505,920 set in July 2007.

In the condo apartment category, sales in May of 386 increased by 34.03 per cent from a year ago and the average sale price rose by 4.38 per cent to $280,029.

In the condo townhouse category, there were 289 transactions, an increase of 35.05 per cent from May 2011, and the average price was up by 5.29 per cent to $330,446.

“We started 2012 with over five months worth of inventory in metro Calgary, placing us in a buyers market,” said realtor Robyn Moser, of MaxWell South Star Realty. “By mid February, we saw our market strengthen up to three months of inventory, placing us in a balanced market and then by the beginning of March we saw absorption rates fall to 2.5 months and below of inventory, now placing us in a sellers market. We have sat at these levels since. This kind of change in the market is exciting to see especially after what we have been through since 2009, when we saw the average home price in metro Calgary fall 10 per cent from their peaks in 2008.”

Moser said the market should see “rational” growth and inflation for the rest of 2012.

“All these signs are showing us that hopefully the worst is now behind us and we can move forward in today’s new real estate normal,” she said.

A report released Friday by Robin Wiebe, senior economist with the Conference Board of Canada, described Calgary’s resale market as being balanced.

Wiebe said the short-term year-over-year price growth expectation for Calgary is five to 6.9 per cent.

The report said the seasonally-adjusted annual rate of sales for the city in April was 27,828, up 26.4 per cent from a year ago.

“We are seeing more interested buyers in the housing market looking for a home,” said Richard Cho, senior market analyst in Calgary for Canada Mortgage and Housing Corp. “The economy has been improving, average prices have been stable and mortgage rates remain favourable. These are some of the factors encouraging prospective buyers to move ahead with their purchasing decision.

“The resale market in Calgary is more balanced compared to the previous year. Active listings are trending lower and the pace of sales has increased. As a result, we are seeing more pressure on prices.”

posted in News at Mon, 18 Jun 2012 21:07:16 +0000

Wednesday, June 6, 2012 - Luxury home sales in Calgary set record in May

More sales than during the 2007 boom
By Mario Toneguzzi, Calgary Herald May 30, 2012

posted in News at Wed, 06 Jun 2012 18:57:05 +0000

Tuesday, May 29, 2012 - 115 MLS sales over $1M in Calgary between January and March 1 - highest since 2007

posted in News at Tue, 29 May 2012 15:09:30 +0000

Thursday, May 17, 2012 - World record wave gets surfed in Portugal

Chris St. Clair, Weather ForecasterMay 14, 2012 ? An American now holds a world record for surfing the biggest wave ever.
posted in News at Thu, 17 May 2012 14:37:59 +0000

Tuesday, May 15, 2012 - Calgary leads country in year-over-year MLS sales growth

Increase of 30.3%

By Mario Toneguzzi, Calgary Herald May 15, 2012 8:23 AM


posted in News at Tue, 15 May 2012 15:13:36 +0000



posted in News at Tue, 01 May 2012 17:58:09 +0000

Monday, April 30, 2012 - Top 10 things to consider for your will and estate plan

posted in News at Mon, 30 Apr 2012 19:47:27 +0000

Wednesday, April 25, 2012 - Bidding drives MLS home sale to $6 million, third highest ever in Calgary

Bidding drives MLS home sale to $6 million, third highest ever in Calgary
Multiple bids force price to $1 million more than list price
By Mario Toneguzzi, Calgary Herald

posted in News at Wed, 25 Apr 2012 14:14:32 +0000

Tuesday, March 20, 2012 - Calgary MLS growth better than average

Sales up 10.2% in February
By Mario Toneguzzi, Calgary Herald

posted in News at Tue, 20 Mar 2012 23:06:24 +0000

Wednesday, March 14, 2012 - Calgary housing market will turn corner this year, RBC predicts

City cited as one of the more affordable markets in Canada

By Mario Toneguzzi, Calgary Herald March 6, 2012

posted in News at Wed, 14 Mar 2012 17:37:10 +0000

Monday, March 12, 2012 - Condo Extra - Calgary Herald

posted in News at Mon, 12 Mar 2012 23:21:24 +0000

Friday, March 9, 2012 - Insider Tips from Stuart Pocock, Mortgage Planner

The Mortgage Group Alberta Ltd

posted in News at Fri, 09 Mar 2012 15:59:03 +0000

Tuesday, February 28, 2012 - Calgary MLS prices up in February

posted in News at Tue, 28 Feb 2012 14:34:12 +0000

Wednesday, February 22, 2012 - Want a date? Buy a home


CNNMoneyFebruary 14, 2012

When it comes to dating, homeownership can be the ultimate aphrodisiac.

posted in News at Wed, 22 Feb 2012 16:52:39 +0000

Thursday, February 16, 2012 - Alberta MLS sales growth tops Canadian average

posted in News at Thu, 16 Feb 2012 23:40:10 +0000

Thursday, February 16, 2012 - Calgary home prices up from a year ago

posted in News at Thu, 16 Feb 2012 23:30:19 +0000

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