Five Signs the Real Estate Market is Improving in Calgary

growing economy
growing economy

In the wake of financial shockwaves that rocked the world economy in recent years, Canada is currently enjoying relative stability in a number of sectors including real estate. Accounting firm PriceWaterhouseCoopers is predicting that consistency across the country will continue throughout 2013. But the greatest degree of improvement in the real estate market will occur in Calgary. Here are five strong reasons why that will be the case. 
 

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Positive Outlook for Calgary Real Estate Market

Calgary Market 1
Calgary Bright Future  by David Tsegai

Calgary Realtors reported 1,372 transactions through the Calgary MLS system in the first 26 days of September. In comparison to last year, sales are up by 12%. The average selling price for the period of September 1 – 26 was $418,120 – representing a decrease of 0.6 per cent.

Despite strong sales activity this year, Calgary housing market remains affordable. Prices remain relatively stable despite the supply pressure, which probably reflects the reluctance of buyers to over extend themselves while economic uncertainty continues.

The Canadian Real Estate Association reported a 6% sales drop for August nationally. This might be due to recent government regulation tightening the mortgage market.

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Investment Tip of the Week – 221 Coverdale Road NE

221 Coverdale Road NE
221 Coverdale Road NE

This detached single family property located in Coventry Hills, close to schools, parks, and shopping is surely great investment opportunity. Get in on Calgary’s rising market before it is too late.

With over 2000 square feet developed living space, this home features four bedrooms, 3 bath rooms, and 2 living rooms. Main floor offers spacious living room with hard wood floors, bright kitchen, dining area & 3 bed rooms.

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Investment Tip Of The Week – 13 SUNHAVEN LI SE

13 Sunhaven Li SE
13 Sunhaven Li SE

This spacious (1646 sqft) detached bungalow in a calm family neighbourhood is priced to sell! For $432,900 you get four bedrooms, living room, kitchen, dining room, family room, 3 full bathrooms, and large west facing backyard.

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Calgary Stampede Celebrates 100th Anniversary

Calgary Stampede
Calgary Stampede

As usual, Calgary is becoming the cowboy capital of the world in July. For ten days and nights, from the 5th to 15th, the Stampede will take you back in history. Even more, the 100th Stampede promises even bigger celebrations and is expecting more than 1 million visitors.

The Stampede offers a series of Wild West themed events, while it also promotes the very diverse heritage of contemporary Canadians. At the Stampede, you can find people of all different backgrounds coming together to have fun.

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The Opportunities and Risks That Come With Buying Former Grow-Ops

Money by Quinn Dombrowski
Possible Gain by Quinn Dombrowski

Risky investments yield higher possible gains. That’s one of the basic principles that applies to buying former grow-ops. The question associated with grow-ops is, “Where’s the line between uncomfortable and dangerous?” There’s an active public debate about the possible dangers of grow-ops in Canada. Many people who are considering buying new property are aware that it could have served as a grow-op. From the map of disclosed grow-ops published in the Calgary herald, we can assume that grow-ops are practically in all neighbourhoods. The increasing consumption of marijuana among the Canadian population is the main reason why more and more people create these growing facilities inside their homes.

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How Does the European Bailout Affect the Canadian Real Estate?

Canadian Flag by Kevin Timothy
Canadian Flag by Kevin Timothy

Europe seems to be sinking deeper and deeper into crisis and those who were pretty optimistic at the beginning have already started to lose hope. The old continent used to have it all. What exactly happened, and more importantly, why? Does the euro crisis pose any threat for the Canadian economy? Can the contagion spread worldwide and smash down our markers as well?

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Three quarters of Albertans are in debt!

Three Quarters by Jim Kuhn
Three Quarters by Jim Kuhn

Leading North American financial institution CIBC published a new Debt Poll on Monday. Conducted by Harris/Decima, the poll revealed that 72 per cent of Canadians are in debt. However, almost 49 per cent made at least one extra payment to bring down balances, primarily directed to reducing credit card and line of credit balances.

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Sustainable Buildings in Calgary

Green Calgary by Wikimedia Commons
Green Calgary by Wikimedia Commons

When it comes to the implementation of green technology in the process of constructing new buildings, Calgary is the Canadian trailblazer. The city was the first jurisdiction in the country to adopt a sustainable building policy in 2004 known as the Leadership in Energy and Environmental Design standard (LEED) resulting in significant reductions in the consumption of water, energy, greenhouse gas emissions and materials usage. LEED encourages global adoption of sustainable green building and development practices and promotes a whole-building approach to sustainability in the following domains:

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The Battle With Homeowners Associations

Calgary House by Bill Longstaff
Calgary House by Bill Longstaff

Congratulations! You’ve just bought a new house in a great neighbourhood and you’re ready to move in. A signed contract together with all the necessary documents is resting in your briefcase. Is there anything that can disturb your happiness? Many first-time buyers lack the experience and can therefore end up in trouble just for not being aware of some important details. Is there anything we can do to secure our happily ever after?

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