Calgary ranked top Canadian city in which to live

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CALGARY — Calgary has overtaken Ottawa as the best place to live in Canada, according to an annual survey by MoneySense magazine in a ranking based on hard data such as employment, housing prices, crime, weather and household income. In releasing its results of 200 Canadian cities on Wednesday, the magazine said “high incomes and an abundance of jobs fuelled by the boom in the energy sector are … [Read more...]

CREB Statistics – March 1st, 2013

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Calgary, March 1, 2013 –Total residential sales for the month of February 2013 totaled 1,711 units, a one per cent decline over the previous year. Accounting for the leap year in 2012, activity in the single family market resembles last year’s activity. However, even with one less day in the February 2013 figures, condominium sales have made significant gains increasing by 13 per cent relative to … [Read more...]

Inner-city rebirth has prices on the rise, but population growth hasn’t kept pace

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Moving in is no longer out in Calgary’s real estate market. After years of watching homebuyers flock to far flung suburban neighbourhoods on Calgary’s periphery, the inner city is finally getting some love. “There has been a shift, we’ve noticed it as well — we’re seeing the inner city exploding,” said Becky Walters, president of the Calgary Real Estate Board. “People are concerned about their … [Read more...]

CREB Statistics – February 1st, 2013

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Calgary, February 1, 2013 – Residential real estate sales in the city of Calgary started the year on a positive note, increasing by 15 per cent over the same month in 2012.Total sales were 1,230 units, a significant increase over the 1,068 units last year. But sales remain well below January levels recorded through the peak years of 2003 – 2008.“While activity is typically slower … [Read more...]

CREB Statistics – January 2nd, 2013

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Calgary, January 2, 2013 – Residential real estate sales in the city of Calgary ended the year on a high note, with sales volume up 15 per cent in 2012 compared to 2011, and benchmark prices up five per cent. “Calgary’s housing market has finally started to recover,” said Ann-Marie Lurie, CREB®’s chief economist. “While prices remain shy of the highs recorded in 2007, this is a move in the right … [Read more...]

Calgary Luxury Home Sales set Another Record in November

Inner City Homes

48 MLS sales of more than $1 millionFor the second month in a row, Calgary’s resale housing market has set a record for luxury home sales. In November, there were 48 MLS sales in the city of more than $1 million, the most ever for the month of November, according to the Calgary Real Estate Board.  Last year, there were 34 sales in November in the upper-end market and this year’s total … [Read more...]

CREB Statistics – December 3rd, 2012

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Calgary, December 3, 2012 – Residential sales in the City of Calgary have increased by 15 per cent on a year-to-date basis, and were up 8-per-cent in November compared to the same month in 2011. Nearly eight consecutive months of double-digit, year-over- year sales growth has caused inventory levels to decline because new listings have not kept up. However, the ratio between sales and inventory … [Read more...]

Boost in migration strengthens Calgary housing market: CMHC

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CALGARY — Strong employment growth in the Calgary region has sparked more people from other parts of the country to move here, buoying the local housing market for the next two years. According to Canada Mortgage and Housing Corp., net migration to the Calgary census metropolitan area will balloon to 20,000 people this year after numbers dropped to 9,209 in 2010 and 11,220 in 2011. And the CMHC … [Read more...]

Calgary home builders complain city red tape worse, mires inner-city projects

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CALGARY — Mike Borkristl gave the city plans for three virtually identical fourplex homes in northwest Calgary this summer, and then waited. A city planner’s review of one project took three days. Another took 21/2 months. Building a house in a southwest neighbourhood has cost Borkristl’s client more than $100,000 in applications, appeal fights and backfilling the construction hole until next … [Read more...]

CREB Statistics – November 1st, 2012

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Calgary, November 1, 2012 – City of Calgary sales activity marked a 23-per-cent increase over levels recorded in October 2011. The continued improvement in sales has pushed year-to-date sales activity to nearly 16-per-cent above levels recorded in 2011. “Relative to national trends, we continue to move in the opposite direction, recording both sales and price growth,” said CREB® President Bob … [Read more...]

CREB Statistics – October 1st, 2012

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Calgary, October 1, 2012 – Residential sales activity continues to improve in the Calgary area, as year-over-year sales for the month of September increased by 11 per cent. After the first three quarters of the year, residential sales within city limits totaled 17,018, a 15-per-cent increase over 2011. “There has been significant discussion over the slowing national market,” said Bob Jablonski, … [Read more...]

Flames Celebrity Charity Golf Classic raises over $340,000

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CALGARY, AB -- The Calgary Flames Celebrity Charity Golf Classic held Thursday, September 13th was a great success for the Flames Foundation for Life raising over $340,000. This year’s golf tournament took place at two different golf courses – Links of GlenEagles and Country Hills Golf Club with over 330 golfers total at the two courses. Following a beautiful day of golf the participants met back … [Read more...]

CREB Statistics – September 4th, 2012

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Calgary, September 4, 2012 – Following several months of higher than expected sales growth, Calgary residential sales in August totaled 1,725 units, a 10-per-cent increase over last year. “While the sales growth remains strong, it is slower than previous five months in part due to the lack of new listings in the City’s single family market,” said Bob Jablonski, CREB® President. “With fewer … [Read more...]

CREB Statistics – August 1st, 2012

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Calgary, August 1, 2012 – Calgary continues to buck national housing sale trends. The 1,936 residential units sold in July represent a 21.3-per-cent increase over 2011. “Recent mortgage rule changes prompted much discussion of a national housing correction. While the two largest cities (Vancouver and Toronto) have started to witness declines in home sales activity, Calgary continues to record … [Read more...]

Unique Calgary Infill Features Home Theatre Underneath Garage

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Underground tunnel leads from home to room By Mario Toneguzzi, Calgary Herald July 26, 2012 6:02 AM - Photograph by: Ted Rhodes , Calgary Herald Thomas Ferianec has created a unique infill home in the Altadore neighbourhood. CALGARY — Thomas Ferianec has sold a number of infill homes in the southwest Altadore neighbourhood of Calgary. But his latest one is “cutting edge,” he says, and “the … [Read more...]

CREB Statistics – July 3rd, 2012

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Calgary, July 3, 2012 – Residential sales in the City of Calgary totaled 11,752 for the first half of this year, a 16-per-cent increase over the same period last year. The rise in sales has brought activity levels closer to long-term trends in the city. “Recent mortgage rule changes may dampen some of the gains in the resale market,” says Ann-Marie Lurie, CREB®’s chief economist. “But this is not … [Read more...]

Infill Design Trends

Infill Design Trends

Design trends in anything - fashion, automobiles, real estate, etc. - change with time. The surging popularity of infill homes is a housing trend that is barely two decades old in Calgary. It’s not that infills didn’t exist before this time, but only recently did they become the ideal housing choice among today’s downtown working population. A modern-contemporary look with generous … [Read more...]

New Mortgage Rules

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Jim Flaherty, Minister of Finance, announced the following changes to the standards governing government‐backed insured mortgages: 1. The maximum amortization period was reduced from 30 years to 25 years.2. The maximum amount Canadians can withdraw in refinancing their mortgages was lowered to 80 per cent from 85 per cent of the value of their homes.3. The maximum gross debt service ratio … [Read more...]

CREB Statistics – June 1st, 2012

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Calgary, June 1, 2012 – May 2012 residential sales in the City of Calgary increased by 31.8 per cent over last year, to 2,385, making it the highest May activity since the recession.“In the past month, easing concerns regarding Calgary’s long-term economic prospects combined with continued full-time job growth and low interest rates, has contributed to the rise in housing demand, … [Read more...]

Luxury Home Sales in Calgary Set Record in May

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CALGARY — Luxury home sales in Calgary during the month of May have set an all-time record, the Herald has learned. According to the Calgary Real Estate Board, as of Tuesday, there have been 74 sales this month for more than $1 million comprising four condos and 70 single-family homes. The previous record for luxury home sales during a month was 61 in March 2007 and July 2007. “We are seeing a … [Read more...]

Infills Around the Country

infills across Canada

Have you ever wondered if infills are as popular in other real estate markets other than Calgary’s? Infill development and the movement towards higher density housing in more desirable inner city locations is a growing trend that stretches beyond Calgary and even Canada. Studies have shown that most major cities experience growth in this particular segment of the real estate market. The surge in … [Read more...]

Costs of Building an Infill

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The process of building an infill is a very exciting one and as with any real estate project, you need to ensure that you understand the costs associated before you get started. Understanding the costs ahead of time will allow you to budget accordingly and ensure your custom built infill home is a sound investment for when you go to resell. The costs of building an infill can be broken down into … [Read more...]

Infills Defined

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The word ‘infill’ is a newer term used in real estate to describe inner-city homes built on lots where older dwellings, if any previously existed there, are replaced by newer housing that suits the future of the community and optimizes land use. According to Wikipedia, infill is the use of land within a built-up area for further construction, especially as part of community redevelopment. It … [Read more...]

CREB Statistics – May 1st, 2012

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Calgary, May 1, 2012 – For the month of April 2012, year-over- year sales activity improved across all sectors in the city. Calgary residential sales total 2,200 for the month, a 26 per cent increase over levels recorded last year. “The growth in full-time employment, combined with improving migration levels, is translating into improved demand for housing,” says Ann-Marie Lurie, CREB® chief … [Read more...]

Bidding Drives Home Sale to $6 Million, Third Highest in Calgary

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It is a testament to Calgary's strong luxury home market. An upscale Britannia home recently sold for $6 million in just days, as multiple bids upped the price by $1 million from its original listing, making it the third most expensive MLS sale ever in the city, the Herald has learned. The custom-built twostorey-plus sandstone estate property has more than 10,000 square feet of development with … [Read more...]

CREB Statistics – April 2nd, 2012

April Stats 2012

Calgary, April 2, 2012 – City of Calgary residential sales continued to rise in March 2012, reaching 2,167 units, an increase of 12.6 per cent over last March. “The rise in activity is related to the continued improvement of our economy and consumer confidence, as some concerns regarding the global economy have eased,” says Ann-Marie Lurie, CREB® chief economist. After the first quarter of 2012, … [Read more...]

CREB Statistics – March 1st, 2012

Feb 2012 Sales vs Listings

Calgary, March 1, 2012 – Sales activity improved across all residential sectors this month compared to a year ago, according to CREB® data released today. Calgary and area sales growth pushed February total residential activity up by 11.6 per cent compared February 2011, mainly due to increased activity in the surrounding towns. “City sales were boosted by a lot of activity in the last week of … [Read more...]

Infill Living = Efficient Living

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The concept of infill living has much to do with efficient living. Let’s say we were to interpret the infill lifestyle as an onion. The outer-most layer of the onion would represent proximity to employment. Many Calgarians commute to the central business district on a daily basis and as such, prefer to shorten commute times and travelling distance. As we peel back the first layer of our onion, we … [Read more...]

Benefits of Inner-city Living

Inner-city living has many lifestyle benefits associated with it. Often, the biggest draw for people is its convenient location and proximity to the Calgary central business district. In addition to shorter commute times and better public transportation alternatives, established inner-city communities also enjoy the benefit of mature tree lined streets and diverse architectural detail. Inner-city … [Read more...]

What is an Infill?

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Often the first though that comes to mind when you hear the word ‘infill’ is a tall skinny house, usually newer, located in the inner-city. Although this is somewhat correct, the term encompasses more than just tall skinny homes; it also includes large homes, sometimes referred to as mini-mansions, built on larger or full-sized lots. The expression ‘infill’ more refers to a newer home that has … [Read more...]