News & Statistics
Home Buying Plans Unchanged, Renovations to Continue
A recent survey of Alberta Home Owners by RBC indicates that Canadians’ home buying plans have not changed in response to the activity in the stock markets during the past several weeks. 22% of Canadians surveyed are planning to purchase a home in the next two years (unchanged from January).
The survey also covers renovation plans, where Albertans are the most likely to renovate their home’s interiors (74%) spending an average of $12,422. The survey indicates that 23% would rather sell and move to another home than renovate their current home. See the full survey results here. (RBC Special Reports: RBC survey finds homebuying intentions hold steady)
Friday Report - October 31, 2008
This update covers the activity for the period of October 1 - October 29, 2008
| Calgary Metro - Single Family | 2008 | 2007 | % Change |
| Sales | 736 | 1,035 | (28.8%) |
| New Listings Added | 2,147 | 2.404 | (10.6%) |
| Inventory | 5,727 | N/A | N/A |
| Sales to New Listings | 34% | 43% | (9%) |
| Sales to Inventory | 13% | N/A | N/A |
| Calgary Metro - Condominium |
2008 | 2007 | % Change |
| Sales | 371 | 459 | (19.2%) |
| New Listings Added | 993 | 1,114 | (10.8%) |
| Inventory | 2,777 | N/A | N/A |
| Sales to New Listings | 37% | 41% | (4%) |
| Sales to Inventory | 13% | N/A | N/A |
This report is based on data made available by the Calgary Real Estate Board on October 30, 2008.
Calgary Real Estate still a safe haven - Ed Jensen
On October 2nd I wrote about the negative tone of an article in the Calgary Herald covering Calgary’s Real Estate Market. This week the paper has published a new article featuring a different perspective on the same statistics and information.
The new article, headlined “Calgary Real Estate Still a Safe Haven” can be read at this link and features a quote from Calgary Real Estate Board president Ed Jensen:
“A residential home is the greatest long-term investment vehicle. The cost of land, materials and labour are not going down over the long term . . . The Calgary real estate market has weathered the current economic slowdown well. We’ve been working towards a normalized market since the first of the year. And slowly our inventory has been coming down and our market sales remain steady from January forward. I believe we’ll continue to do so and we’re perfectly positioned for long-term investment opportunities right now in this market if someone’s looking to buy,”
Children’s Miracle Network Fundraiser - Cotton Club 2008
Last night we had the pleasure of attending the 2nd annual Cotton Club Calgary gala event - a fund raiser in support of the Children’s Miracle Network and the Alberta Children’s Hospital.
RE/MAX is a major sponsor of the Children’s Miracle Network and I’m happy to have the opportunity to participate personally by making a donation after every purchase or sale that I do for my clients, get more details and donate here.
Friday Report - October 24, 2008
This update covers the activity for the period of October 1 - October 21, 2008
| Calgary Metro - Single Family | 2008 | 2007 | % Change |
| Sales | 577 | 761 | (24.2%) |
| New Listings Added | 1,706 | 1,916 | (10.9%) |
| Inventory | 5,711 | N/A | N/A |
| Sales to New Listings | 34% | 40% | (6%) |
| Sales to Inventory | 10% | N/A | N/A |
| Calgary Metro - Condominium |
2008 | 2007 | % Change |
| Sales | 280 | 345 | (18.8%) |
| New Listings Added | 783 | 860 | (8.9%) |
| Inventory | 2,764 | N/A | N/A |
| Sales to New Listings | 36% | 40% | (4%) |
| Sales to Inventory | 10% | N/A | N/A |
This report is based on data made available by the Calgary Real Estate Board on October 23, 2008.
Friday Report - October 17, 2008
This update covers the activity for the period of October 1 - October 14, 2008
| Calgary Metro - Single Family | 2008 | 2007 | % Change |
| Sales | 251 | 263 | (4.5%) |
| New Listings Added | 395 | 490 | (19.4%) |
| Inventory | 5,649 | N/A | N/A |
| Sales to New Listings | 37% | 40% | (3%) |
| Sales to Inventory | 7% | N/A | N/A |
| Calgary Metro - Condominium |
2008 | 2007 | % Change |
| Sales | 186 | 210 | (11.4%) |
| New Listings Added | 535 | 565 | (5%) |
| Inventory | 2,791 | N/A | N/A |
| Sales to New Listings | 35% | 37% | (2%) |
| Sales to Inventory | 7% | N/A | N/A |
This report is based on data made available by the Calgary Real Estate Board on October 17, 2008.
Where to Vote
Today is election day in Canada - find your polling station online and don’t forget to vote!
Friday Report - October 10, 2008
This update covers the activity for the period of October 1 - October 8, 2008
| Calgary Metro - Single Family | 2008 | 2007 | % Change |
| Sales | 251 | 263 | (4.5%) |
| New Listings Added | 718 | 716 | 0.2% |
| Inventory | 5,543 | N/A | N/A |
| Sales to New Listings | 35 | 37% | (2%) |
| Sales to Inventory | 5% | N/A | N/A |
| Calgary Metro - Condominium |
2008 | 2007 | % Change |
| Sales | 114 | 116 | (1.7%) |
| New Listings Added | 352 | 335 | 5% |
| Inventory | 2,754 | N/A | N/A |
| Sales to New Listings | 32% | 35% | (3%) |
| Sales to Inventory | 4% | N/A | N/A |
This report is based on data made available by the Calgary Real Estate Board on October 10, 2008.
I'm committed to helping my clients buy, sell and enjoy their homes and I strive to provide an added level of value and service at every stage of the Real Estate transaction. 