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CMHC Housing Market Outlook
In last week’s Calgary Home Podcast I mentioned some average price forecasts from CMHC for the province of Alberta. Today the Housing Market Outlook for the Calgary area was released online. The report covers the new home market, resale market, rental market andeconomic factors including mortgage rates.
A few highlights from the Resale Market section were a forecasted stabilization of demand:
Buyers’ market conditions wil not last forever. An examination of data reveals that the level of supply has likely peaked for this year and CMHC is forecasting a return to more balanced conditions in 2009. As active listings come down relative to demand, price stability is expected to be restored.
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Demand is also projected to increase in 2009 as net migration is forecasted to improve in 2009.
Access the entire outlook in PDF here.
Friday Report - November 7, 2008
This update covers the activity for the period of November 1 - November 5, 2008
| Calgary Metro - Single Family | 2008 | 2007 | % Change |
| Sales | 103 | 148 | (30.4%) |
| New Listings Added | 334 | 435 | (23.2%) |
| Inventory | 5,568 | N/A | N/A |
| Sales to New Listings | 31% | 34% | (3%) |
| Sales to Inventory | 2% | N/A | N/A |
| Calgary Metro - Condominium |
2008 | 2007 | % Change |
| Sales | 42 | 83 | (49.4%) |
| New Listings Added | 141 | 167 | (15.6%) |
| Inventory | 2,641 | N/A | N/A |
| Sales to New Listings | 30% | 50% | (20%) |
| Sales to Inventory | 2% | N/A | N/A |
This report is based on data made available by the Calgary Real Estate Board on November 6, 2008.
Nov 8, 2008 - Scheduled Open House
Saturday, November 8, 2008 I will be hosting an open house from 2-4pm at: #406, 1335, 12 Ave SW. Full details of this home, including a map are available here. See the video tour here and click below to view more photos.
Friday Report - August 22
This update covers the activity for the period of August 1 - August 20, 2008
| Calgary Metro - Single Family | 2008 | 2007 | % Change |
| Sales | 758 | 831 | (8.8%) |
| New Listings Added | 1,573 | 1,784 | (11.8%) |
| Inventory | 6,007 | N/A | N/A |
| Sales to New Listings | 48% | 47% | 1% |
| Sales to Inventory | 13% | N/A | N/A |
| Calgary Metro - Condominium |
2008 | 2007 | % Change |
| Sales | 312 | 409 | (23.7%) |
| New Listings Added | 710 | 768 | (7.5%) |
| Inventory | 2,857 | N/A | N/A |
| Sales to New Listings | 44% | 53% | (9%) |
| Sales to Inventory | 11% | N/A | N/A |
This report is based on data made available by the Calgary Real Estate Board on August 22, 2008.
Friday Report - August 1, 2008
Complete details on the July market activity will be posted next week. This update covers the activity for the period of July 1 - July 30 2008
| Calgary Metro - Single Family | 2008 | 2007 | % Change |
| Sales | 1,249 | 1,436 | (13%) |
| New Listings Added | 2,478 | 2,436 | 1.7% |
| Inventory | 6,260 | N/A | N/A |
| Sales to New Listings | 50% | 59% | (9%) |
| Sales to Inventory | 20% | N/A | N/A |
| Calgary Metro - Condominium |
2008 | 2007 | % Change |
| Sales | 510 | 585 | (12.8%) |
| New Listings Added | 1,122 | 1,073 | 4.6% |
| Inventory | 2,964 | N/A | N/A |
| Sales to New Listings | 45% | 55% | (10%) |
| Sales to Inventory | 17% | N/A | N/A |
This report is based on data made available by the Calgary Real Estate Board on July 31, 2008.
Sunday is Recreation Free day in Calgary
If you’re not coming to my open house in Scenic Acres from 2:00 - 4:30 you may be looking for something to do on father’s day - Sunday June 15th.
It’s Recreation Free Day in Calgary and many city recreation facilities have free admission. Click here for a full list and schedule of the free activities.
Open Houses This Weekend - June 7 & 8
Saturday June 7:
1-4pm , #61, 5425 Pensacola Cres SE. 3 bedroom townhome - walking distance to elementary school - at $219,900. Details at this link. Hosted by Marianne Bladon
2-4:30pm : #202, 823 5th St NE. - 2 bedroom condo in Renfrew across the street from a park. Details at this link. Hosted by Michael Bladon
Sunday June 8:
1-4pm : 3712 Douglas Ridge Way SE. Family home backing onto park and walking distance to school - at $419,900. Details at this link . Hosted by Marianne Bladon
2-4:30pm : #84, 123 Queensland Drive SE. Three bedroom townhome, great location in Queensland - at $262,900. Details at this link. Hosted by Michael Bladon
To schedule showings at other times, click here.
Just Listed in Douglas Ridge - Backing onto a park
This perfect family home has an ideal location backing onto a city park situated within easy walking distance to Douglasdale School, minutes to Fish Creek Park and with great access to Deerfoot Trail. On the main level of this spacious home you’ll find a formal dining room, large open kitchen with an eating bar and breakfast nook and large living area with a soaring two-storey ceiling and an arched window overlooking the deck and backyard. The staircase to the upper level opens onto the living area below, creating a sense of grandeur. At the top of the stairs you’ll find three large bedrooms, including a master with 4-piece ensuite bath. This home also offers a second full bathroom upstairs and a 1/2 bath on the main level. This home has great curb appeal with tasteful landscaping, front porch and the convenience of a double attached garage. Virtual Tour online now at the multimedia link.
Virtual Tour. Full details of this home online. Printable Feature Sheet. Map Link.
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