Calgary Commercial Real Estate Investment Balloons
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Calgary Real Estate News
CALGARY — Investment in Calgary’s commercial real estate market soared in the third quarter of this year.
A report by RealNet Canada Inc. says there were 90 transactions over $1 million totalling just over $1 billion in the quarter compared with 62 transactions for $628 million in the second quarter of this year.
That’s up 62 per cent in overall investment and an increase of 45 per cent in the number of transactions.
The market has experienced quarter-over-quarter growth for the past three quarters.
The volume is the highest since the third quarter of 2008 while this was the most deals since the second quarter of 2008. Want to read more in depth on this article? Just click the link below.
Calgary Commercial Real Estate Investment Balloons – Calgary Real Estate
Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________
Real Estate Boards Push Back Against National Group
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Calgary Real Estate News
MONTREAL – A year after striking a deal with the Federal Competition Bureau that gives property owners the chance to pay brokers only for the services they want when selling their homes, the Canadian Real Estate Association is now facing an internal revolt by several member boards that say they are fed up with paying for services they don’t need.
The Greater Montreal Real Estate board – the second largest board in Canada with 10,000 members – says it would consider leaving CREA at the end of 2012 if the association doesn’t cut expenses, and embrace the very same “fee-for-service” model now available to Canadian homeowners.
“What we want here in Quebec – and we assume it’s the same thing at other real estate boards in Canada – is for the CREA to provide us with a la carte services,” Montreal board president Patrick Juaneda said. “We have too much duplication of services. Why recreate what already exists? Want to read more in depth on this article? Just click the link below.
Real Estate Boards Push Back Against National Group – Calgary Real Estate
Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________
Battle Of Alberta Continues
Filed Under Buying, Calgary News Articles, Calgary Real Estate, Calgary Real Estate News, Contributors, Selling · Tagged: Calgary Real Estate, Calgary Real Estate News
Calgary Real Estate News
Next year will make it three in a row.
When the final count of housing construction starts is made at the end of 2012, Edmonton homebuilders will have outpaced their Calgary counterparts for three straight years, predicts Canada Mortgage and Housing Corp.
Over the past decade, housing starts of all types in the Calgary region have averaged about 12,500 units – while the Edmonton region’s 10-year average is closer to 11,000, says regional economist Lai Sing Louie of CMHC.
A five-year average of housing starts also indicates more housing starts in and around Calgary – about 11,500 compared to 10,500 for Edmonton. Want to read more in depth on this article? Just click the link below.
Battle Of Alberta Continues – Calgary Real Estate
Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________
Canadian Home Prices Through The Roof
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Calgary Real Estate News
Buoyed by the soaring value of residential building permits and renovations, the average price of a Canadian home has more than doubled in the last decade, rising from $163,951 to $339,030 in 2010, RE/MAX said.
Condos, not surprisingly, have fuelled new home sales in Toronto, Vancouver and other Canadian cities. In 62 per cent of all markets, home prices have grown in excess of 100 per cent since 2000, the report said.
Nationally, Regina led the rise with average home prices rising 173 per cent over the last decade.
Other cities include: Edmonton with 165 per cent, Saskatoon with 163 per cent, Winnipeg with 158 per cent, Kelowna with 156 per cent, St. John’s with 149 per cent, Greater Vancouver 128 per cent and Calgary with 126 per cent.
Canadian Home Prices Through The Roof – Calgary Real Estate
Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________
Calgary House Prices Increase 126% In Past Decade
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Calgary Real Estate News
CALGARY — Strong in-migration, population growth and a vibrant oil and gas sector have pushed Calgary average house prices to an increase of 126 per cent in the past decade, says a new report released Monday by Re/Max.
The report said renovation spending and new construction have been “considerable” secondary factors propping up values throughout the city between 2000-2010.
The report also said the total value of residential building permits in the city during that period was the third highest in the country at $23.1 billion behind Toronto ($77.3 billion) and Vancouver ($35 billion).
“A few reasons I believe Calgary has seen such growth in the last 10 years is simple due to our strong economy from natural resources which has been a driving force in migration into Calgary for jobs,” says Tanya Eklund, a realtor with Re/Max Real Estate Central. “This has resulted in growing our population to well over one million, low unemployment rates, a strong GDP and the demand for housing. Want to read more in depth on this article? Just click the link below.
Calgary House Prices Increase 126% In Past Decade – Calgary Real Estate
Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________
Forum Told Outlook Positive For Calgary
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Calgary Real Estate News
Although the economic world sea has been churning of late, the forecast for Calgary and Alberta is positive, said several keynote speakers at the recent Calgary Real Estate Forum.
“We are among the best in a parade of ugliness,” said Brian Feleski, vice-chair of investment banking Canada for Credit Suisse Securities (Canada) Inc.
Asian markets will pull Canada through the uncertainty, he told the forum, adding that opportunities for Alberta to strengthen and diversify are plentiful. Want to read more in depth on this article? Just click the link below.
Forum Told Outlook Positive For Calgary – Calgary Real Estate
Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________
Real Estate Market Still Favours The Buyer
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Calgary Real Estate News
The local real estate market has flatlined since the beginning of the year, but it’s not dead, and in fact economic forecasters see reason for increased activity in 2012.
“The improving economy will support continued growth in 2012,” said Richard Goatcher.
The senior market analyst for Canada Mortgage and Housing (CMHC) pointed out that as Alberta’s overall economy improves, more people are migrating to the province. That will translate into a more buoyant housing market.
“There was more migration into the province than last year and the labour force in the Edmonton area increased by 22,000 jobs,” he said.
Real Estate Market Still Favours The Buyer – Calgary Real Estate
Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________
Canadian Consumers Remain Bullish On Real Estate Market
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Calgary Real Estate News
The Canadian housing market continues to defy those who have long predicted its collapse.
It was just another set of numbers, but if anything the market seemed to pick up steam with October sales across the country the best they have been since January.
The upward push caused the Canadian Real Estate Association to slightly revise its predictions for 2011. The group now says sales will be up 1.4 per cent from a year ago, instead of 0.9 per cent.
“The continuing strength of home sales activity in the face of ongoing financial volatility speaks volumes about the confidence of Canadians in our housing market,” said Gary Morse, president of CREA. Want to read more in depth on this article? Just click the link below.
Canadian Consumers Remain Bullish On Real Estate Market - Calgary Real Estate
Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________
New Home Starts To Rise In 2012
Filed Under Buying, Calgary News Articles, Calgary Real Estate, Calgary Real Estate News, Contributors, Selling · Tagged: Calgary Real Estate, Calgary Real Estate News
Calgary Real Estate News
To the end of October, new home builders in the Calgary CMA have started 18% fewer new homes than to the end of October last year and while they are expected to close the year-over-year gap, they’re not likely to exceed last year’s totals.
In the Canada Mortgage and Housing Corp.’s Housing Market Outlook for the balance of the year, senior market analyst Richard Cho says builders should end this year with about 8,500 new home starts, an 8% decrease from the 9,262 starts in 2010.
But, look for a rebound in 2012, says Cho.
“After a lower level of activity this year, new construction in 2012 is anticipated to rise as job creation, stronger net migration and low mortgage rates support the housing market,” says Cho. Want to read more in depth on this article? Just click the link below.
New Home Starts To Rise In 2012 – Calgary Real Estate
Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________
Multi-Family Market A ‘Safe Haven’ For Real-Estate Investors
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Calgary Real Estate News
Volatile stock markets and minuscule returns from fixed income have investors looking at global real estate. But rather than single-family residential property, the hot ticket these days is multiple-family dwellings.
At a luncheon for financial analysts with the Edmonton CFA Society, Eric Bonnor, senior vice-president with Brookfield Asset Management in Toronto, quoted from the publication Emerging Trends in Real Estate 2012, a survey of 950 real estate executives by the accounting firm PricewaterhouseCoopers and the Urban Land Institute.
“Canadian real estate remains the most stable in North America,” Bonner said. “Canadian investors fed up with disappointing stocks and lowyielding bonds sit on lots of funds, looking for long-term cash flowing assets like real estate, and are having trouble placing the funds that they have. Investors condition themselves to accept lower domestic returns, or go outside the country and chase higher yields.”
The booklet lists Toronto and Vancouver as the most attractive real estate markets in Canada, being 24-hour destination points for businessmen and other visitors. Calgary is rated third and Edmonton fourth. Want to read more in depth on this article? Just click the link below.
Multi-Family Market A ‘Safe Haven’ For Real-Estate Investors – Calgary Real Estate
Jared & Rebecca
About The Chamberlain Group:
Jared and Rebecca Chamberlain are Calgary REALTORS® who are changing how real estate is done in Calgary by utilizing online marketing and advanced tools to sell your house in Calgary faster and for far more money. They would be honored to have the chance to work with you and earn your business. ____________________________________________________
