Calgary Home Buyers Show Caution
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
CALGARY – Home sales in Calgary are off to a slow start in 2012 as buyers show continuing caution, says the Calgary Real Estate Board.
According to statistics made public Wednesday by the board, single-family MLS sales in January were down 1.4 per cent from a year ago to 773 transactions while condo sales increased by one per cent to 305 units.
The single-family average sale price of $438,683 was down 3.34 per cent from January 2010 while the condo average sale price dipped by 6.86 per cent to $268,526.
“Overall, the market is behaving as expected for the winter season,” said Bob Jablonski, CREB’s president.”A lower number of sales is not uncommon for the month of January.”
He said a slow start to the year is anticipated as consumers continue to be cautiously optimistic when it comes to purchasing or listing their home. Want to read more in depth on this article? Just click the link below.
Calgary Home Buyers Show Caution – 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. ____________________________________________________
Vacancy Rates Falling as Economy Picks Up
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
CALGARY — At the height of the last boom, finding an apartment in Calgary was a bit like winning the lottery.
With thousands of newcomers flooding into the city, streams of potential tenants would apply for the chance to put a roof over their heads. There were stories of dozens of people showing up for a single apartment, then desperately bidding on how much rent they’d be willing to pay.
The effect of the rental crunch rippled through the economy, from families to employers.
The global financial crisis deflated the boom, taking the steam out of the city’s rental market. Want to read more in depth on this article? Just click the link below.
Vacancy Rates Falling as Economy Picks Up - 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. ____________________________________________________
Go West: Jobs and Money Leaving Eastern Canada
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
Canada’s jobs market is mirroring the country’s sharply divided economic landscape, as the resource-rich West hungers for workers while confidence falters among employers in the East.
The country’s jobless rate hit a nine-month high of 7.6 per cent in January and job growth has stalled since last summer.
Behind the aggregate figures, though, a clear picture of the country’s diverging economic fortunes emerges. Unemployment rates are higher than the national average in every province east of Manitoba, and below the average across the four western provinces.
“The attitudes that you see in the West are very different from Eastern or Central Canada,” said Hilary Predy, Edmonton-based associate vice president at Adecco, one of the largest staffing firms in Canada. Want to read more in depth on this article? Just click the link below.
Go West: Jobs and Money Leaving Eastern Canada – 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. ____________________________________________________
Commission-free Real Estate Brokerage Opening in Alberta
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
They will operate under the name of Commonsense Network Brokerage, part of the ComFree network. The head office for Alberta will be in Edmonton.
Also today, ComFree released findings from a survey showing that 58 per cent of Canadians polled would rather make a real estate purchase from someone who is not working on commission.
“Twenty years ago you had to use a broker to purchase and sell stocks, but advances in technology and information have made it possible for Canadians to do it themselves with support and no longer require that intermediary — the same is now true of buying or selling a home,” said Patrick Sullivan, general manager and vice-president of ComFree. “At the end of the day, homeowners who sell commission free have more money in their pocket.
“It is common sense that homeowners should be in the driver’s seat when it comes time to selling their own home. The Commonsense Network Brokerage allows homeowners to keep the full amount of the sale of their home, while providing support with the marketing, legal and administrative aspects of the home sale.” Want to read more in depth on this article? Just click the link below.
Commission-free Real Estate Brokerage Opening in Alberta – 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 Renters Rebel Against ‘Cult of Home Ownership’
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
CALGARY — Carla and Garry Knipe moved back to Canada three years ago after living in England. They were attracted to Calgary by its reputation as a thriving city with plenty of work opportunities, and Garry soon found work in IT for an oil and gas company. So far, however, they haven’t done what so many other Canadian families strive for by buying a house.
“We looked at the house prices and wondered how anyone could afford a house on the wages,” Carla Knipe says. “For us, it was simple economics. We looked at how much we’d have to put into a mortgage versus renting and thought renting makes a whole lot of sense right now.”
They pay $1,700 per month for a 1,600-square-foot, three-bedroom home in Rocky Ridge in the city’s northwest. To buy the equivalent home, they figure they would need to spend about $2,500 per month on a mortgage plus property taxes. Instead, they are taking the difference and plowing it into RESPs for their young son and other long-term investments. Want to read more in depth on this article? Just click the link below.
Calgary Renters Rebel Against ‘Cult of Home Ownership’ – 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 Luxury Condo Unit Pre-sells for Record $8.3 Million
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
CALGARY — Calgary condo sales have reached new heights after a luxury unit fetched a record $8.3 million, before construction has begun.
The 5,260-square-foot condo will cover the entire 12th floor of the 15-storey development called The River, located along the Elbow River, which flows through the southern portion of the city.
Already, more than $30 million in real estate has been spoken for in the project, which includes 38 residences — 27 units in the tower and 11 town houses.
Anne Clarke, director of sales for The River, said eight sales have been completed and three deals are pending.
“These (buyers) are business leaders. They are leaders in not only business, but in our community,” Clarke said.Other sales in The River have included units for $5.7 million and $5.5 million. Want to read more in depth on this article? Just click the link below.
Calgary Luxury Condo Unit Pre-sells for Record $8.3 Million - 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 Slide For First Time in a Year
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
OTTAWA — Canadian house prices dropped in November for the first time in nearly a year, according to the monthly Teranet-National Bank house price index released Wednesday.
The 0.2% drop followed two months of flat prices, and was the first decline in the index since a “brief correction during the three months ending November 2010,” said National Bank senior economist Marc Pinsonneault.
The national composite index, which tracks registered prices of homes sold at least twice, shows prices fell in eight of the 11 metropolitan markets tracked — one more than in October.
“Calgary and Victoria stood out with declines of 1.6% and 0.9% respectively,” said Mr. Pinsonneault, noting the declines were much smaller in the other six markets, though declines in Toronto, Hamilton and Winnipeg “are noteworthy in that these three markets are considered tight.” Want to read more in depth on this article? Just click the link below.
Canadian Home Prices Slide For First Time in a Year – 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’s Top 5 Priciest Condos for Sale
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
A condo in The River, a luxury residential development in Calgary, has sold for a record $8.3 million — the most expensive condo sale ever in the city. Take a look at the next five most expensive condos listed for sale on the MLS. Want to read more in depth on this article? Just click the link below.
Calgary’s Top 5 Priciest Condos for Sale – 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 Deals for Calgary’s Fire and Police Officers
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
A discount realtor with an office in Calgary is offering quite a deal for emergency personnel buying or selling a home.
The company, 2% Realty, will list and sell homes free of charge to any employee of the fire and police departments, as well as emergency medical and military workers.
The company’s founder tells The Calgary Herald it’s a way to show their appreciation and support.
The offer is also available to first responders and military members in Edmonton and Vancouver. Want to read more in depth on this article? Just click the link below.
Real Estate Deals for Calgary’s Fire and Police Officers – 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 May Do An Encore
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
With real estate being one of the top performing sectors in 2011 — the S&P/TSX Capped REIT index was up by 15%, or 24 percentage points above the return for the S&P/TSX composite — some have argued real estate won’t generate a repeat performance this year.
But Jeffrey Olin, a former real estate executive turned investment banker turned portfolio manager at Vision Capital Corp. isn’t in that camp. Mr. Olin, who co-oversees the three property funds that are home to about $100-million in assets, believes the fundamentals continue to be attractive.
“The prospect of low-long-term Japanese-style interest rates for the foreseeable future bodes extremely well,” said Mr. Olin, citing a 2.85% 10-year mortgage recently given to one of the country’s largest apartment rental companies. Want to read more in depth on this article? Just click the link below.
Real Estate May Do An Encore – 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. ____________________________________________________
