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Excellent investment with this fantastic Townhouse, Priced at $339,000
Spacious well maintained townhouse with a functional open floor plan. Upon entry you cannot help but appreciate the large entrance. As you proceed you will find the kitchen that overlooks the living room. Kitchen features stainless steel appliances and plenty of counter space. There is a separate dining room. Living room boasts a wall of windows, gas fireplace and a door to your private deck and fenced backyard. Upstairs you will find the huge master with a 4 piece ensuite bath and safe. Two other generous bedrooms and the main bath complete the upper floor. The unspoiled basement is waiting for your personal touch. Complex offers open space and visitor parking. Fantastic location in the desirable “0utlook” situated close to shopping at Royal Oak Centre, school and public transit. MLS C3585077.
Check out the full video tour here: https://www.youtube.com/watch?v=-xZ3uINZQF8
Check out the full video tour here: https://www.youtube.com/watch?v=-xZ3uINZQF8
Want to know what’s really happening in the Calgary Real Estate Market. The market is driven by supply and demand so here we show the inventory (supply) and sales (demand) and the effect on the price of Calgary Real Estate. In summary the Calgary housing market is still entrenched is a Sellers Market with limited supply and strong sales.
Below are the details along with a few comments, all numbers were taken from the Calgary Real Estate Boards Stats package for Realtors.
Calgary Listing Inventory: Inventory levels for all categories except townhouses decreased again throughout August.
| Inventory |
July 2013 |
August 2013 |
Change |
| Single Family Home |
2917 |
2791 |
-126 |
| Condo Townhouse |
407 |
417 |
10 |
| Condo Apartment |
768 |
690 |
-78 |
| Total |
4092 |
3898 |
-194 |
Calgary Sales:
Sales decreased marginally in all categories this month. This is very normal as many people are focused on summer vacations, back to school etc. The other reason for this is that listings are so low that good homes are challenging to find.
| Sales |
July 2013 |
August 2013 |
Change |
% Change |
| Single Family Home |
1575 |
1517 |
-59 |
-3.6% |
| Condo Townhouse |
295 |
282 |
-13 |
-.44% |
| Condo Apartment |
398 |
397 |
-1 |
– |
| Total |
2268 |
2196 |
-72 |
-3.2% |
Calgary Real Estate Sales Prices:
In August, the benchmark price increased slightly for all categories. This is simply a reflection of demand outpacing supply Mens andre nettsider hovedsakelig fokuserer pa norske spilleautomater pa nett, onsker vi ogsa a servere deg informasjon om de ekte maskinene. and this trend will continue until the inventory starts to increase faster than sales.
| Sales Prices |
July 2013 Benchmark Price |
August 2013 Benchmark Price |
Change |
| Single Family Homes |
461,600 |
464,700 |
3,100 |
| Condo Townhouse |
294,500 |
298,500 |
4,000 |
| Condo Apartment |
267,600 |
270,600 |
3,000 |
Sales Prices “Year to Date”
Year to date prices have increased in all categories.
| Sales Prices | Dec 31 2012 Benchmark Price |
August 2013 Benchmark Price |
Change |
% Change |
| Single Family Homes |
434,800 |
464,700 |
29,900 |
6.9% |
| Condo Townhouse |
284,100 |
298,500 |
14,400 |
5.1% |
| Condo Apartment |
248,700 |
270,600 |
21,900 |
8.8% |
Absorption Rate (Months of Inventory) (the inventory divided by the number of sales in the last month). What does this mean you might ask?
|
Buyer’s Market |
>4.0 |
|
Balanced Market |
Between 2.8 to 4.0 |
|
Seller’s Market |
<2.8 |
Absorption Rate: Throughout August our absorption rate decreased in all categories except townhouses. With inventory shrinking faster than sales are slowing it is now pushing us into a stronger “Sellers market position”.
| Absorption Rate |
July 2013 |
August 2013 |
Change |
| Single Family Homes |
1.85 |
1.84 |
-.01 |
| Condo Townhouse |
1.37 |
1.47 |
.1 |
| Condo Apartment |
1.93 |
1.74 |
-.19 |
| Total Calgary |
1.80 |
1.78 |
-.02 |
**Please note that these numbers do change on a community basis and more so for towns. If you would like to find stats on your community just let me know. If you have any questions about this summary, the attached stats package or any Real Estate questions please feel free to contact us.
In Other News:
Rumor on the street is that CMHC has hit their annual $ limit for mortgage insurance so getting this product might be a little more difficult.
Interest Rates are on the rise – if you are even considering making a move talk to your bank or mortgage broker and get a mortgage commitment locked in at today’s rates.
Sign up for your personalized Market Report for your Community : http://www.calgaryareasolds.com/
Gord Piper
Just listed a great bungalow in Charleswood. For a video tour click https://www.youtube.com/watch?v=pgWQWxW_3P4
Beautiful, large & bright bungalow in a fantastic community. This 1225 sq ft bungalow has had many upgrades since 2008. Living room features gleaming hardwood and a stone fireplace. Kitchen is open and features upgraded cabinets, granite countertops, Kinetico water system and modern appliances. Master bedroom features a 2 piece ensuite and an extra clothing storage unit, 2 other bedrooms are generous in size. Main bath upgraded. Downstairs you will find a bedroom, 3 piece bath, recreation room with Sauna and RI plumb for a wet bar and plenty of storage space. Newer furnace and Air Conditioning. Beautifully landscaped with over $20,000 invested. Stamped concrete sidewalk and patio. Also features RV Parking and an oversized double garage. Excellent access to transit, and nearby is the university and plenty of shopping. Listed at $524,900 . MLS C3582196

This Outlook report for Calgary is published semi-annually and offers forecasts and analyses of trends in the new, resale and rental housing markets. For the new home market, housing starts and price changes are examined in detail, while the resale section presents sales activity, average prices, and listings. Analysis of the rental market focuses on vacancy rates, average rents and related forecasts. An overview and forecast of key economic indicators is also detailed, along with other factors affecting the local economy and housing market. Check out their report at http://www.cmhc-schl.gc.ca/odpub/esub/64339/64339_2013_B01.pdf?fr=1376766245407 or visit their website at http://www.cmhc-schl.gc.ca
Want to know what”s really happening in the Calgary Real Estate Market. The market is driven by supply and demand so here we show the inventory (supply) and sales (demand) and the effect on the price of Calgary Real Estate. In summary the Calgary housing market is still very strong and we are moving even deeper into a Sellers Market.
Below are the details along with a few comments, all numbers were taken from the Calgary Real Estate Boards Stats package for Realtors.
Calgary Listing Inventory: Inventory levels for all categories decreased again throughout July. If you have been following my reports the Inventory levels had been increasing a little every month until last month. This may very well be due to the flooding disaster in Calgary where some listings were taken off the market.
| Inventory |
June 2013 |
July 2013 |
Change |
| Single Family Home |
3199 |
2917 |
-282 |
| Condo Townhouse |
489 |
407 |
-82 |
| Condo Apartment |
896 |
768 |
-128 |
| Total |
4584 |
4092 |
-492 |
Calgary Sales:
Sales decreased in all categories except apartment condos this month. Following the trends of the last few years we are getting into summer vacations when people take holidays and therefore the sales numbers drop a little. A very normal change.
| Sales |
June 2013 |
July 2013 |
Change |
% Change |
| Single Family Home |
1638 |
1575 |
-63 |
-3.8% |
| Condo Townhouse |
317 |
295 |
-22 |
-.7% |
| Condo Apartment |
362 |
398 |
36 |
1.0% |
| Total |
2317 |
2268 |
-49 |
-2.1% |
Calgary Real Estate We used another online defensive driving school school for our other son. Sales Prices: Please note that we are now using the Benchmark price for this comparison.
In July, the benchmark price increased slightly for all categories except townhouses which saw a small drop. This is simply a reflection demand outpacing supply and will continue until the inventory starts to increase faster than sales.
| Sales Prices |
June 2013 Benchmark Price |
July 2013 Benchmark Price |
Change |
| Single Family Homes |
459,700 |
461,600 |
1900 |
| Condo Townhouse |
295,000 |
294,500 |
(500) |
| Condo Apartment |
264,000 |
267,600 |
3600 |
Sales Prices “Year to Date”
Year to date prices have increased in all categories.
| Sales Prices | Dec 31 2012 Benchmark Price |
July 2013 Benchmark Price |
Change |
% Change |
| Single Family Homes |
434,800 |
461,600 |
26,800 |
6.1% |
| Condo Townhouse |
284,100 |
294,500 |
10,400 |
3.66 |
| Condo Apartment |
248,700 |
267,600 |
18,900 |
7.6% |
Absorption Rate (Months of Inventory) (the inventory divided by the number of sales in the last month). What does this mean you might ask?
|
Buyer’s Market |
>4.0 |
|
Balanced Market |
Between 2.8 to 4.0 |
|
Seller’s Market |
<2.8 |
Absorption Rate: Throughout July our absorption rate decreased in all categories. With inventory shrinking faster than sales are slowing it is now pushing us into a stronger “Sellers market position”.
| Absorption Rate |
June 2013 |
July 2013 |
Change |
| Single Family Homes |
1.95 |
1.85 |
-.1 |
| Condo Townhouse |
1.54 |
1.37 |
-.17 |
| Condo Apartment |
2.48 |
1.93 |
-.55 |
| Total Calgary |
1.98 |
1.80 |
-.18 |
**Please note that these numbers do change on a community basis and more so for towns. If you would like to find stats on your community just let me know.
A little sweat equity will go along way here! MLS listing C3578405
Opportunity knocks, original solid bungalow in the desirable mature community of Silver Springs. This 3 bedroom, 3 bath bungalow comes with a double garage and is ready for your decorating ideas. Located close to Silver Springs park and tennis courts, Silver springs plaza and transit. Upstairs you will find the L shaped living http://www.phpaide.com/forum.php?langue=fr room & dining room, Kitchen, bath, master bedroom with ensuite and 2 other bedrooms. Downstairs you will find a large recreation room with wet bar, pool table (included), library, bedroom and 3 piece bath. Furnace, HWT and shingles were replaced around 2008. Complete video tour avail at:
http://www.youtube.com/watch?v=EXgyoe-R2AQ
Just listed a great condo in Highland Park. Only $269,900
Adult Building 50+ Pride of ownership shows in this lovely 2 bedroom & 2 bath corner unit with over 1000 square feet. You will love the open layout and the extra windows for sunlight. Living room provides newer carpet and is bright and features a sliding door to your private balcony. Large kitchen with newer countertops, Island, pantry and lots of cupboards and countertop space. Master bedroom has a 3 piece ensuite, and second bedroom is a good size. Features Insuite laundry and storage room, heated tandem garage is aprox 30 feet deep allowing for 2 small cars or a larger car and plenty of extra storage space. The building provides a passenger elevator lift and visitor parking. Great central location with easy access to downtown, amenities, transit and shopping.
Check out the full video at
301, 4506 4th Street NW Calgary Ab. T2k 1A2
This article is written by our associate Bob Alexander, An Accredited Mortgage Professional with Verico Maximum Mortgage Inc. The Bank of Canada announced today that it will not be changing its overnight rate. Therefore the Prime lending rate remains at 3.00%.
Global Economic growth remains modest although the pace varies across the major economies.
The US economic expansion is also continuing modestly .
In Canada, economic growth is expected to be choppy in the near term. Inflation is low and is expected to remain subdued in the near term.
This is the first pronouncement by the new Governor, Stephen Poloz. It is interesting in that he indicates, between the lines, that the current Prime rate will be unchanged for some time.
The date of the Bank of Canada’s next announcement is scheduled for September 4, 2013.
The Canadian Mortgage and Housing Corporation produces some great information on what”s happening with the housing market in Calgary. Please keep in mind this australia online casinos report was produced prior to the Calgary Flood 2013. The Spring 2013 edition of CMHC”s Housing Market Outlook – Calgary is now available and can be accessed by clicking on the link below.
http://www.cmhc-schl.gc.ca/odpub/esub/64339/64339_2013_B01.pdf