Category Archives: Calgary Herald

Some meltdown

Posted on May 15, 2013 | 11 Comments

Douglas Porter, chief economist with BMO Capital Markets, said evidence  continues to mount that the Canadian housing market seems to have pulled off the  fabled soft landing.

He said surprises on the sales data in recent months have consistently been  on the high side of expectations, not the low side.

“While some are highlighting the fact that prices are now rising at ‘their  slowest pace since the 2009 recession’ the plain facts are that: a) they are  still rising, and b) faster than inflation, and c) prices are at all-time highs.  Some meltdown,” he said

Read more in the Herald:  Calgary a bright light among Canadian housing markets.

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Posted in Calgary Herald, Calgary SFH, Correction, Market update, Predictions

Market update Apr 1 – 14, 2013

Posted on April 15, 2013 | 3 Comments

Sellers are finally starting to list their homes, but inventory remains low because the buyers are snapping them up.

Inventory vs sales and price2

Bidding wars update:

Over the past 3 days, 17% of homes sold for list price or higher. A bi-level in Silver Springs was listed for $475,999 and sold in 5 days for $484,000. It was purchased in 2010 for $417,000.

A 2-story in Sundance was listed for $419,900 and had a firm offer in 2 days for $430,000. It was purchased in 2007 for $365,000.

From the Calgary Herald: Calgary home price growth best in Canada

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Posted in Calgary Herald, Calgary SFH, Market update, Over list price

Calgary #1 Destination in Canada

Posted on April 13, 2013 | Leave a comment

Calgary skyline3

After seeing how busy the real estate market has been in Calgary, this story shouldn’t surprise you:

U-Haul names Calgary as top 2012 Canadian destination city

According to moving data reflective of nationwide statistics for calendar year 2012, Calgary ranked No. 1 and took first place from Toronto, which ranked No. 1 for 10 years in a row and dropped down to No. 2.  Montreal ranked No. 3 and Edmonton took No. 4 for the fourth year in a row. Other cities in the top-25 included Regina, Saskatoon, Kelowna, Vancouver, Victoria and Red Deer. 

The ranking reflects destinations for movers renting a truck one-way and considers every city in the country, regardless of size. To make this even more significant for Calgary, the data is not stated as a percentage of population.

In the United States, Houston took top honours.

More accolades for Calgary: Bow Tower is world’s most spectacular corporate building

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Posted in Calgary Herald, Population

Calgary housing prices and sales on the rise in September

Posted on September 13, 2012 | 5 Comments

Only three days ago, we read in the Calgary Herald, Calgary housing prices and sales on the decline in September. This headline made front page news on the doomer blogs.

The bubble bloggers took this as a sign that Calgary was joining Toronto and Vancouver on the road to real estate Armageddon. What a difference 3 days can make. I can guarantee that you won’t be seeing any links posted to my headline on the fearmonger’s blogs. They’re not interested in enlightenment or accurate statistics. They prefer to reinforce their agenda with selective data which reinforces their group-think.

What should be of greatest concern is that the housing market in Calgary has a shortage of listings. Inventory is down 23% compared to last year. Can you imagine how much higher the sales increase would be if there was a better selection of homes for buyers?

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Posted in Calgary Herald, Calgary SFH, Fearmongers, Market update

What happened in April

Posted on May 1, 2012 | Leave a comment

The April 2012 stats update can be seen here

From the Calgary Herald Calgary housing maket soars in April

The Herald reports sales are up 26%, but that’s compared to 2011. I feel that it gives a more accurate picture to compare to the 3-year average, as below.

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Posted in Calgary Herald, Market update, Month-end