Wednesday, April 23, 2014

ReMax expects Calgary to stay a seller’s market

                                                                                                                                             By Myke Thomas ,Calgary Sun

Statistics Canada reports the net migration to the Calgary Census Metropolitan Area (CMA) between July 2012 and July 2013 was 45,168 people.
That number is nine months old and it’s unclear how many more people have come here since then, but what is clear is they are in a home-buying mood.
Even the lousy winter didn’t slow them down, says ReMax in its spring report.

“A brutal winter did not dissuade Calgary home buyers from entering the market, with demand far outpacing available inventory through the start of 2014,” says the report. “Calgary experienced a red-hot seller’s market in the first two months of the year, with listings 30% lower than where they would be in a balanced market.
A total of 2,393 new listings were posted in January, down 4% year over year, but February and March saw a slight uptick in inventory.

“New listings increased 1.5% year over year in February to 2,711, while 3,319 new listings were recorded in March. “Despite inventory increases, Calgary is expected to remain in a seller’s market. There were 3,233 active listings at the end of March, which is 19% lower than the same time last year. Low listings and high demand resulted in Calgary listings taking an average of 34 days to sell in March.”

At the end of March, figures from the Calgary Real Estate Board’s website show there was only a 1.3-month supply of homes listed, a dangerously low number. To the middle of April, it improved to 2.8 months, but days on the market dropped to 25.
The low inventory and shortened time to sell has changed the market dramatically from last year, says ReMax.

“Multiple offers are commonplace and tight inventory has also created a domino effect for sellers trying to find a new property before listing their own,” says the report. “Many are finding this challenging, which has further delayed new inventory from entering the market.”
Even if net migration returns to a more average level, inventory levels in all sectors need to increase to keep prices from soaring.

“With a population of over 1.1 million and more than 30,000 new immigrants every year, current inventory levels are not keeping up with buyer appetite,” says ReMax.
“Calgary’s rental market remains very tight and is doing little to satisfy demand for housing. Rental vacancies are hovering around one per cent, motivating people to buy rather than hold off from entering the market. The average Calgary home price was $484,918 at the end of March, an increase of 5% year over year."

Upward price pressure continues to be driven by inventory, low interest rates I and a robust job market.
"Economic optimism is high thanks to demand for skilled labour and prospects surrounding key pipeline projects. Skilled workers are flocking to Calgary from countries around the world, with many new residents looking to purchase a property."

Calgary Real Estate market rated Top 3 in the world study

Calgary has been named one of the world's top cities for long-term real estate development.
  • Multimillion-dollar homes near Calgary auctioned off in new trend
  • Calgary's 10 most expensive homes
  • 'Monster' home debate heats up in Calgary's Briar Hill

Toronto and Vancouver share the honour as well — according to the British development company Grosvenor.

“The resiliency of the Calgary real estate market really is based upon net migration," said Calgary realtor Matt Verity.
"The job growth we have here, our resource sector, it needs so many people and we don't have the people here to do it and we're talking about not just net migration from other Canadian cities, we're talking about from the world at large.”

The three Canadian cities beat out some American competitors, including Chicago — which came fourth.

The Grosvenor report says Canadian cities fare high because they're well governed and well planned.

                                                                                                   CBC News Posted: Apr 10, 2014 8:52 PM MT Last Updated: Apr 11, 2014 8:21 AM MT


Toronto, Vancouver and Calgary have been ranked as the three best places out of 50 cities around the world in terms of where best to invest in real estate for the long term, according to a centuries-old London real estate firm.
Their star ranking doesn’t come so much from short-term metrics like return on investment, but their longer term “resilience” — a stellar combination of “low vulnerability and high adaptive capacity,” says the unusual report, more than three years in the making, by the U.K.-based Grosvenor Group.
Adding to that ability to rise above the cyclical ups and downs of the real estate market is the fact all three Canadian cities have a “high level of resource availability” and “are well governed and well planned.”
In fact, they beat out London, New York and even Chicago, ranked as No. 4, for their strong investment potential over the coming decades.
“These Canadian cities have a great deal of economic dynamism,” said group research director and economist Richard Barkham, in a telephone interview from Vancouver where he’ll be discussing the research findings later this week at an Urban Land Institute conference.
“A lot of people just look at real estate investments in terms of short-term risk and return on investment. But we believe you need to look beyond that — to look at cities holistically in terms of their ability to adapt and improve.
“In the round, Canadian cities — and Toronto in particular — are exceptionally good real estate destinations in the long term.”
Cities currently the most popular with investors, such as New York and London, “are not necessarily those that will protect capital in the long term, the report notes.
Grosvenor, a privately-owned company with investment and development offices in 19 world cities, including Vancouver, has heard the talk about a Canadian housing bubble, concerns about condo overbuilding and Toronto Mayor Rob Ford’s ongoing extracurricular activities, Barkham said.
Researchers are aware of the challenges around transit in the GTA, a transportation system they still rate as great compared to many other cities in the world.
“We’re taking a longer term view of cities. You can clearly get local issues and characters that can create problems in a very short-term sense.”
And while Toronto house prices continue to climb out of sight, they lag well behind cities like London, which came in 18th in the resiliency rankings, in part because it’s now so prohibitively expensive.
New York was 14th: While it topped all 50 cities at “adaptive capacity” — for its sheer comeback ability in the face of major disasters like 9/11 and Hurricane Sandy — it suffered because of crime, lack of infrastructure investment, its vulnerability to extreme weather and “social exclusion.”
Grosvenor’s team of researchers has spent the last three to four years, said Barkham, assessing cities based on 10 parameters, from climate to governance, to planning, technology/learning, funding and “community” — access to affordable housing, education, health care, religious and cultural freedom, honest government and “reasonably crime-free living conditions.”
The “weakest 20 cities” are in emerging markets, eight of them in the so-called BRIC countries.
“Their vulnerability derives from inequality, poor infrastructure provision and environmental degradation, and, to a less extent, climate vulnerability,” says the report.
It adds: “In ranking cities we fully recognize that each is on a journey, some moving more rapidly than others towards prosperity and livability and each with their own constraints.”

Monday, April 7, 2014

SOLD 西北区 Hamptons 大户人家, walkout 地下室 $1,190,000

                                                  77 Hamptons CI NW C 3597785

Virtually Brand New Home in prestigious Hamptons backing onto Golf Course.  This Amazing Dream Home is Situated on One of the Largest Lots w/ West Backyard Captivating Views of 4 Fairways, Endless Renos. offers New Kitchen w/ Upscaled S/S Appliance Package, New Bathrooms, New Electrical & Lights Fixtures, New Floorings, New Fireplace, New Tile Roof, New Powered Hunter Douglas Blinds & Many More...  Greeted by Curved Open Staircase at the Grand Foyer to the Exquisite Dining Rm, Soaring 18' Ceilings & Cozy Gas Fireplace in Family Rm, Chef-Delighted Gourmet Kitchen w/ Gas Cooktop, Double Built-in Oven & Huge Central Island w/ Eating Bar, Executive Office on Main.  Upstairs boasts 3 Spacious Bdrms & 2 Full Baths, Master Retreat w/ 5-Stars Ensuite (Steam Shower & Soaker Tub) completed w/ Boutique Style Closet Organizer.  Developed W/O Bsmt features Huge Rec Rm w/ Wet Bar & Cozy F/P, 4th Bdrm, Full Bath w/ Steam Shower & Exercise Area.  Beautiful Backyard w/ Mini-Hockey Area.

Thursday, April 3, 2014


Toronto : Sales up 7.2%
                Average price up 8% to $557,684

Vancouver : Sales up 12.5%
                Price Index up 3.7% to $615,200

Calgary:  Sales up to 17.9% 
                Average price up 5.2% to $484,960

CBC news reporter said Calgary Real Estate market is hot because the housing price is still affordable comparing big cities like Toronto and Vancouver. Reporter said market is to face "real test" when interest rates rise.

Wednesday, April 2, 2014


市场持续保持 卖方 市场


Calgary, 四月一日, 2014  三月份民宅交易全面提升,不过独立屋新挂牌量仍在降低,加上进一步成交量的提升,独立屋可售房源降至 2006年以来最低点。


独立屋第一季度共售出 3,901套,比去年同期增长 9.5%。同时,新挂牌量比去年同期降低了5%。在成交量远远超出挂牌量的市场状况下,目前可售房源降至刚刚2000套出头。
50%的新挂牌公寓价位段在20-30万之间,给那些寻找能够承受的起的公寓买家提供了大量选择。要是买家找低于20万的公寓,就难上加难了 。第一季度之后,低于20万的公寓可售房源从去年同期的16% 市场比率,降至目前的6.4%
共管公寓和排屋的市场基准价分别为$287,200 以及$313,100,其中共管公寓市场基准价与去年同期相比涨幅为11.5%,比排屋、独立屋都要高。尽管价格涨幅强劲,但是公寓市场还是低于前次的峰值价格。

SOLD 西北新区 Rocky Ridge 两层楼,安静街区 $589,000

                                               19 ROCKY RIDGE LD NW  C3603477

STUNNING, custom-built 2storey house across the park is meticulously maintained & offers 5 BEDROOMS, MAIN FLOOR LAUNDRY & DEN, 2 FIREPLACES, 3 1/2 baths, & FULLY DEVELOPED BSMT. Entering home, your eyes are drawn to majestic grand staircase w/ 18" open space in living room. GLEAMING HARDWOOD FLOORS & TILES throughout 1st & 2nd levels. Main floor is perfect for entertaining w/ living area adjacent to semi-formal dining room; great room w/ gorgeous TILE SURROUND GAS FIREPLACE & BIG KITCHEN w/ LARGE CENTER ISLAND w/ RAISED BAR, spacious pantry, lots of cabinets & counter space. Upper floor includes OVER-SIZED MASTER BEDROOM boasting WALK-IN CLOSET & LARGE 4 PIECE ENSUITE, 2 bedrooms & full main bath. Basement offers 2 extra big bedrooms, full 4 pc bath, gym area & family room w/ BRICK SURROUND FIREPLACE. Landscaping is amazing w/ lovely FRONT PORCH, LARGE DECK off the kitchen & GARDEN OASIS in the back & sides of the house.  NEW GARAGE doors, HOT WATERTANK, FRIDGE, WASHER & DRYER, UPGRADED ROOF SHINGLES.

SOLD 东南新区Auburn Bay 靠近南部新医院、开发商新建房 95.1万

                                                       313 Auburn Shores LD SE

Come Home to Cottage Country

Designed with families in mind, Auburn Bay is an elegant, four-season lake community that embraces the look and feel of Ontario’s cottage country. This award-winning neighbourhood features a 43-acre freshwater lake with a private beach and park, charming homes, and an abundance of green spaces, pathways and tot lots. Adding to the convenience of this community is the new Calgary South Health Campus and Seton Commercial Area that is being developed right next door. In Auburn Bay, you’ll appreciate the conveniences of city living and embrace the joys of a cottage-country lifestyle.