Price gains in Calgary’s new home market are far outpacing what is being seen across the rest of the country.
Statistics Canada reported Thursday that the New Housing Price Index rose in August by 6.8 per cent on an annual basis and by 0.5 per cent on a monthly basis in the Calgary census metropolitan area. Both represented the biggest growth rates in Canada.
“Builders reported that land development costs, as well as strong market conditions and increased demand, were the main reasons for the price gain,” said the federal agency.
Wayne Copeland, president of the Canadian Home Builders Association-Calgary Region, said supply and demand has been a major factor in driving prices up in the industry as the city continues to have a buoyant economy supported by strong net migration gains over the past year.
Across Canada, the NHPI rose by 0.3 per cent month-over-month and by 1.5 per cent year-over-year.
“While both the land and house components (in the Calgary area) recorded year-over-year gains in August, it was more pronounced for the house component. Housing demand in Calgary has been strong, supported by economic factors such as job creation and the heightened levels of net migration in recent years. This, along with input cost pressures from the material and labour components, resulted in a stronger gain for the house component in August, said Felicia Mutheardy, acting senior market analyst in Calgary for Canada Mortgage and Housing Corp.
To put Calgary’s annual gain in perspective, the next highest year-over-year growth was Hamilton at 3.0 per cent.
“Reflecting the near record housing demand trend of resale market in Calgary, the city’s (New Housing Price Index) is leading the country as demand outstrips supply, labour costs begin to escalate thus making homes more pricey and a limited number of available and serviced lots are limiting the number of new units available,” said Don Campbell, senior analyst with the Real Estate Investment Network.
“This trend is not slated to slow down until we witness either a freeing of a large number of serviced lots or the in-migration begins to slow down substantially and for a long period.”
The surge in prices isn’t having a negative impact on the homebuilding industry. On Wednesday, Canada Mortgage and Housing Corp., reported that total housing starts in the Calgary region year-to-date have climbed to 13,803 units until the end of September, thanks to a strong multi-family market. Last year, there were 8,833 starts for the same period. The single-detached market has seen year-to-date starts rise from 4,823 last year to 5,072 this year.
“The surge in housing starts is in response to strong demand, much of it driven by in-migration to the province,” said Todd Hirsch, chief economist with ATB Financial. “It is also consistent with the strong demand for existing housing, which is reflected by the sales and prices of homes on the market over the past year.
“For now, Alberta’s economy is creating enough new jobs — and keeping wages high enough — to sustain this pace of home construction. There is little to suggest that builders are creating a real estate bubble by putting too many homes onto the market.”
Showing posts with label Calgary Chinese Realtor. Show all posts
Showing posts with label Calgary Chinese Realtor. Show all posts
Tuesday, October 14, 2014
Wednesday, June 19, 2013
Strong growth for Alberta in 2013 - from 660news
Expect to see jobs and more disposable income, that from experts who believe the Alberta economy will lead the country in growth over the next two years.
The Wildrose province is positioned to grow at the top-end of Canada’s growth ratings for 2013.
Economists are forecast a provincial real GDP growth rate of 3 per cent, down from 3.8 per cent the year before.
While we continue to lead the nation, it puts the province neck and neck with Saskatchewan at 2.9 per cent.
Those numbers won’t stay down for long though, crude oil is on an upswing and construction activity is rapidly expanding.
“Despite a fair amount of uncertainty not too long ago, when we look at various economic indicators it’s still pointing to very robust growth,” Senior Economist Robert Hogue tells 660News.
“At the core is that tremendous investment in the oilsands in particular, but oil and gas in general,” he explains. “This is still the catalyst for a lot of activity in the province.”
Hogue believes Albertans are already starting to see the benefits spill into other sectors.
Another part of the boom is population growth and that he adds is for the first time since 2006, above 3 per cent.
It’s believed an increase in the use of rail cars to transport Alberta’s unconventional crude to the US Gulf Coast has curtailed pipeline bottlenecks.
The Wildrose province is positioned to grow at the top-end of Canada’s growth ratings for 2013.
Economists are forecast a provincial real GDP growth rate of 3 per cent, down from 3.8 per cent the year before.
While we continue to lead the nation, it puts the province neck and neck with Saskatchewan at 2.9 per cent.
Those numbers won’t stay down for long though, crude oil is on an upswing and construction activity is rapidly expanding.
“Despite a fair amount of uncertainty not too long ago, when we look at various economic indicators it’s still pointing to very robust growth,” Senior Economist Robert Hogue tells 660News.
“At the core is that tremendous investment in the oilsands in particular, but oil and gas in general,” he explains. “This is still the catalyst for a lot of activity in the province.”
Hogue believes Albertans are already starting to see the benefits spill into other sectors.
Another part of the boom is population growth and that he adds is for the first time since 2006, above 3 per cent.
It’s believed an increase in the use of rail cars to transport Alberta’s unconventional crude to the US Gulf Coast has curtailed pipeline bottlenecks.
Tuesday, February 26, 2013
西南区 Evergreen 历史成交价格走势 2006-2013
先整理2006 、2007年的走势，这是独立屋的均价，每月成交量在17-36套之间，高峰期的几个月份平均成交量多于60套。
您的Evergreen买房卖房代理，更多信息，请来电来信咨询。
Wednesday, February 20, 2013
Calgary repeat home sales see prices fall
CALGARY — House prices in Calgary for repeat home sales dipped slightly in January in line with a trend across the country.
For Calgary, it was the second consecutive month of decline. The index is estimated by tracking observed or registered home prices over time using data collected from public land registries. All dwellings that have been sold at least twice are considered in the calculation of the index.
While prices dropped on a monthly basis, they showed an increased year-over-year.
Calgary prices jumped by 4.3 per cent compared with a year ago while the national scene, which tracks 11 cities, showed a 2.7 per cent hike.
However, the annual increase nationally was the smallest 12-month gain since November 2009. For the Canadian index, January was the 14th straight month of deceleration in 12-month inflation.
In six of the 11 metropolitan markets surveyed for the index, the 12-month rise exceeded the cross-country average in January: Halifax (6.6 per cent), Quebec City (6.0 per cent), Hamilton (5.9 per cent), Toronto (5.3 per cent), Calgary (4.3 per cent) and Winnipeg (3.4 per cent). Ottawa-Gatineau matched the average (2.7 per cent). Lagging it were Montreal (2.6 per cent), Edmonton (2.0 per cent) and Victoria (1.1 per cent). Prices in Vancouver were down 2.5 per cent from a year earlier, for a sixth month of 12-month deflation.
Prices were down from the month before in seven markets in Canada including Calgary: Vancouver (0.8 per cent); Edmonton (0.7 per cent); Toronto (0.4); Winnipeg (0.3 per cent); Montreal (0.2 per cent); and Hamilton (1.1 per cent).
Prices were up 1.4 per cent on the month in Quebec City and Victoria, 1.7 per cent in Halifax and 0.5 per cent in Ottawa-Gatineau.
David Madani, economist in Canada for Capital Economics, said national home prices have been in decline for five consecutive months and “we anticipate further declines this year, as potential buyers are scared off by the prospect of capital losses.”
“We stand by our view that house prices will decline by 25 per cent over the longer-term,” he said.
“Canada’s overall composite house price index has declined in a manner broadly consistent with the softening existing sales-to-listings ratio. We expect this key metric to decline further this year. As we move into the spring we doubt that ultra low mortgage rates will attract an influx of home buyers, especially now that mortgage rules have been tightened more noticeably for first-time buyers and house prices have begun to adjust downward from historically high levels.”
The Teranet-National Bank National Composite House Price index, released Wednesday, said prices in Calgary were down 0.1 per cent from the previous month and nationally they were down 0.3 per cent, the fifth consecutive monthly decline.
For Calgary, it was the second consecutive month of decline. The index is estimated by tracking observed or registered home prices over time using data collected from public land registries. All dwellings that have been sold at least twice are considered in the calculation of the index.
While prices dropped on a monthly basis, they showed an increased year-over-year.
Calgary prices jumped by 4.3 per cent compared with a year ago while the national scene, which tracks 11 cities, showed a 2.7 per cent hike.
However, the annual increase nationally was the smallest 12-month gain since November 2009. For the Canadian index, January was the 14th straight month of deceleration in 12-month inflation.
In six of the 11 metropolitan markets surveyed for the index, the 12-month rise exceeded the cross-country average in January: Halifax (6.6 per cent), Quebec City (6.0 per cent), Hamilton (5.9 per cent), Toronto (5.3 per cent), Calgary (4.3 per cent) and Winnipeg (3.4 per cent). Ottawa-Gatineau matched the average (2.7 per cent). Lagging it were Montreal (2.6 per cent), Edmonton (2.0 per cent) and Victoria (1.1 per cent). Prices in Vancouver were down 2.5 per cent from a year earlier, for a sixth month of 12-month deflation.
Prices were down from the month before in seven markets in Canada including Calgary: Vancouver (0.8 per cent); Edmonton (0.7 per cent); Toronto (0.4); Winnipeg (0.3 per cent); Montreal (0.2 per cent); and Hamilton (1.1 per cent).
Prices were up 1.4 per cent on the month in Quebec City and Victoria, 1.7 per cent in Halifax and 0.5 per cent in Ottawa-Gatineau.
David Madani, economist in Canada for Capital Economics, said national home prices have been in decline for five consecutive months and “we anticipate further declines this year, as potential buyers are scared off by the prospect of capital losses.”
“We stand by our view that house prices will decline by 25 per cent over the longer-term,” he said.
“Canada’s overall composite house price index has declined in a manner broadly consistent with the softening existing sales-to-listings ratio. We expect this key metric to decline further this year. As we move into the spring we doubt that ultra low mortgage rates will attract an influx of home buyers, especially now that mortgage rules have been tightened more noticeably for first-time buyers and house prices have begun to adjust downward from historically high levels.”
Monday, February 11, 2013
西北区 Brentwood 历史销售价格走势
这只是给大家一个感觉，Brentwood的价位走势情况，但是由于个别月份只有一、两套房源售出，或者仅有的售出的几套房子中，有几套恰巧是高价位的，所以还是有一点偏差的。
另外，仔细看看2007年的价位段，以及2012-2013走势，很多月份达到并高于2007年峰值时期价格。
Tuesday, January 29, 2013
Nexen takeover deadline extended by 30 days
CNOOC
Ltd. and Nexen Inc. have extended a deadline to complete the $15.1-billion
(U.S.) takeover of the Canadian oil and gas company as they await U.S.
regulatory approval.
The deal, the largest Chinese overseas takeover in history, was to have expired Jan. 31, 2012. The deadline has now been pushed back by 30 days, but the clock is ticking. Under the terms of the deal, it can only be extended 75 business days beyond Jan. 31.
The takeover has already cleared regulatory hurdles in Canada, the United Kingdom, the EU and China.
The major holdout is the U.S., where the Committee on Foreign Investment in the United States, or CFIUS, is examining the deal.
Part of the CFIUS mandate is to examine the impact of financial transactions to U.S. security. That review has been lengthy.
After an initial 75-day review window expired in November, Chinese state-owned CNOOC was forced to “pull and refile” its application, a move that triggered market concern.
In recent weeks, however, investors have acted with substantial confidence that the deal will be consummated, with Nexen’s New York shares closing Friday at $26.97, not far from the $27.50 offer price.
About 12 per cent of Nexen’s energy production comes from the U.S. Gulf Coast, a region that is one of the pillars of the company. Parts of it are also politically sensitive.
Though Nexen is a minority partner and non-operator in most of its U.S. offshore projects, it owns a number of leases that, thanks to a generous incentive program, are virtually royalty-free.
Observers have speculated that Nexen may be forced to divest some of those properties, although officials with CNOOC have, in the past, argued that the Gulf of Mexico is fraught with substantial risk, and will require large amounts of investment to develop.
Still, others have warned that CFIUS may be concerned about the proximity of some Nexen assets to areas used by the U.S. military.
They have also highlighted a potential reciprocity concern, given that U.S. firms face investment restrictions in numerous Chinese sectors.
The deal, the largest Chinese overseas takeover in history, was to have expired Jan. 31, 2012. The deadline has now been pushed back by 30 days, but the clock is ticking. Under the terms of the deal, it can only be extended 75 business days beyond Jan. 31.
The takeover has already cleared regulatory hurdles in Canada, the United Kingdom, the EU and China.
The major holdout is the U.S., where the Committee on Foreign Investment in the United States, or CFIUS, is examining the deal.
Part of the CFIUS mandate is to examine the impact of financial transactions to U.S. security. That review has been lengthy.
After an initial 75-day review window expired in November, Chinese state-owned CNOOC was forced to “pull and refile” its application, a move that triggered market concern.
In recent weeks, however, investors have acted with substantial confidence that the deal will be consummated, with Nexen’s New York shares closing Friday at $26.97, not far from the $27.50 offer price.
About 12 per cent of Nexen’s energy production comes from the U.S. Gulf Coast, a region that is one of the pillars of the company. Parts of it are also politically sensitive.
Though Nexen is a minority partner and non-operator in most of its U.S. offshore projects, it owns a number of leases that, thanks to a generous incentive program, are virtually royalty-free.
Observers have speculated that Nexen may be forced to divest some of those properties, although officials with CNOOC have, in the past, argued that the Gulf of Mexico is fraught with substantial risk, and will require large amounts of investment to develop.
Still, others have warned that CFIUS may be concerned about the proximity of some Nexen assets to areas used by the U.S. military.
They have also highlighted a potential reciprocity concern, given that U.S. firms face investment restrictions in numerous Chinese sectors.
Monday, January 28, 2013
SOLD - 东北区 Harvest Hills 近购物中心 $319,000
Wonderful 2-story 3 bedrooms home close to Country Hills/Harvest Hills shopping centre is a perfect place to start. It provides a very spacious open plan, has everything you need! Open concept main floor features laminate floor and tiles in kitchen, spacious living room full of sun. Breakfast nook & island are perfect for entertaining. Southwest facing back yard is fully landscaped & fenced. Upper floor consists of 4-piece bathroom, 3 bedrooms. Large Rec/media room in the fully finished basement. Great value! ! Schedule your viewing today!
Friday, January 25, 2013
Alberta premier warns of $6-billion shortfall in oil revenue
CALGARY, Alberta — Alberta’s premier warned on Thursday that the Western Canadian province faced a $6 billion shortfall in revenue due to deeply discounted prices for its crude oil but offered no specifics on how to prevent falling deeper into the red.
Alberta’s financial forecasts have been thrown into disarray by fast-growing output from its vast oil sands and limited pipeline capacity to move it to markets in the United States and elsewhere. That has pulled the price of a barrel down to less than half that of international benchmark Brent oil.
The situation has prompted Premier Alison Redford and her government to warn of a tough budget on March 7, and raised questions about her ability to meet a promise of erasing its budget deficit in the upcoming fiscal year.
In fact, she made note of strong desire in the province of 3.8 million people for new roads, schools and healthcare facilities.
“Despite falling oil revenues, I give you my commitment that as we deliver our long-term economic plan for Alberta, we will be thoughtful in our approach and we will deliver on these priorities,” she said.
Alberta is Canada’s largest oil-producing province and the largest foreign energy supplier to the United States, and had become used to boom times until the oil market weakened last year.
Redford has been an enthusiastic promoter of TransCanada Corp’s contentious Keystone XL pipeline, which would carry Alberta’s crude to refineries in Texas.
The project took a series of steps forward this week as the governor of Nebraska approved a new route for the long-delayed project through the state and 53 U.S. senators urged U.S. President Barack Obama to approve it. However, Obama’s decision is not expected for several months.
Alberta is considering a host of other potential routes to new markets that could lead to higher returns, but Redford cautioned that long-term solutions will not be quick.
In the meantime, Alberta, which derives 30% of its overall revenue from the oil industry, will be $6 billion short of its revenue target for the upcoming fiscal year, she said.
Recently, the bitumen crude from the oil sands has sold for more than $40 a barrel below U.S. light crude, leading the Bank of Canada this week to also point out the national economy was feeling the effects as well.
“It will take focus and determination over the next several years to open new markets. And that is job one for my government,” Redford said.
The Progressive Conservative government, in power since 1971 and re-elected last year, is being pilloried by its opponents for forecasts they say that have been far too rosy, for relying too heavily on the fortunes of a highly cyclical industry and for tapping debt markets.
“It doesn’t do any good to talk about how we might have pipelines four or five or six years from now,” said Danielle Smith, leader of the opposition Wildrose Party. “What is the plan over the next three or four or five years to get us accustomed to this new reality of lower energy prices and lower revenues?”
Redford was vague as she cautioned about upcoming spending cuts in programs and services “that are not sustainable over the long term.”
“Quite simply, we have to put Alberta’s finances on a more stable footing. A province as prosperous as Alberta should not be as susceptible as we are to swings in the price of oil and gas.”
Alberta’s financial forecasts have been thrown into disarray by fast-growing output from its vast oil sands and limited pipeline capacity to move it to markets in the United States and elsewhere. That has pulled the price of a barrel down to less than half that of international benchmark Brent oil.
The situation has prompted Premier Alison Redford and her government to warn of a tough budget on March 7, and raised questions about her ability to meet a promise of erasing its budget deficit in the upcoming fiscal year.
In fact, she made note of strong desire in the province of 3.8 million people for new roads, schools and healthcare facilities.
“Despite falling oil revenues, I give you my commitment that as we deliver our long-term economic plan for Alberta, we will be thoughtful in our approach and we will deliver on these priorities,” she said.
Alberta is Canada’s largest oil-producing province and the largest foreign energy supplier to the United States, and had become used to boom times until the oil market weakened last year.
Redford has been an enthusiastic promoter of TransCanada Corp’s contentious Keystone XL pipeline, which would carry Alberta’s crude to refineries in Texas.
The project took a series of steps forward this week as the governor of Nebraska approved a new route for the long-delayed project through the state and 53 U.S. senators urged U.S. President Barack Obama to approve it. However, Obama’s decision is not expected for several months.
Alberta is considering a host of other potential routes to new markets that could lead to higher returns, but Redford cautioned that long-term solutions will not be quick.
In the meantime, Alberta, which derives 30% of its overall revenue from the oil industry, will be $6 billion short of its revenue target for the upcoming fiscal year, she said.
Recently, the bitumen crude from the oil sands has sold for more than $40 a barrel below U.S. light crude, leading the Bank of Canada this week to also point out the national economy was feeling the effects as well.
“It will take focus and determination over the next several years to open new markets. And that is job one for my government,” Redford said.
The Progressive Conservative government, in power since 1971 and re-elected last year, is being pilloried by its opponents for forecasts they say that have been far too rosy, for relying too heavily on the fortunes of a highly cyclical industry and for tapping debt markets.
“It doesn’t do any good to talk about how we might have pipelines four or five or six years from now,” said Danielle Smith, leader of the opposition Wildrose Party. “What is the plan over the next three or four or five years to get us accustomed to this new reality of lower energy prices and lower revenues?”
Redford was vague as she cautioned about upcoming spending cuts in programs and services “that are not sustainable over the long term.”
“Quite simply, we have to put Alberta’s finances on a more stable footing. A province as prosperous as Alberta should not be as susceptible as we are to swings in the price of oil and gas.”
Thursday, January 24, 2013
SOLD - 西南区 Evergreen 背靠Fish Creek Park $939,000
Oasis in the city.Come and view this Estate family home overlooking the natural beauty of Fish Creek Park. Upon entering this home you'll be greeted by a grand open curved staircase, a generous living room, a large den & family room and an amazing kitchen including granite counter tops, rich cabinetry and custom built-ins. Ceramic tile and recently installed rich acacia walnut hardwood enhance the openness of the main floor. The large windows brighten the home and the park like setting is yours to enjoy. The expansive upper level includes three generously sized bedrooms plus a marvellous master suite with views over looking the park. The Master Bedroom also includes a sprawling spa like en suite complete with his & hers sinks and a generous walk-in closet. The impressive walk out level includes a sizable area to entertain quests, 2 additional bedrooms and a full bath. Central air conditioning and in-floor heating installed for your enjoyment.
Thursday, January 3, 2013
最新加拿大经济发展状况 城市排名-前十名
CIBC的最新调查是在不同方面的基础上得出的，排名依次为：
1， Toronto, ON - 20.6
2，Calgary, AB - 19.5
3，Regina, SK - 18.4
4，Winnipeg, MB - 18.4
5，Staskatoon, SK - 18.2
6，Edmonton, AB - 17.8
7，Ottawa, ON - 16.8
8，Vancouver, BC - 14.0
9，Halifax, NS - 13.8
10，Saguenay, QC - 12.2
Toronto has Canada’s most dynamic economy, but it also faces some of the biggest risks in the coming year as the housing market slows down and government stimulus projects wrap up, says a new report from CIBC.
The bank’s Metropolitan Activity Index showed Calgary with the second-most dynamic economy in the country, followed by Regina.
But while the report has only positive things to say about the economies of those two Prairie cities, Toronto will face “a major challenge to the city’s ability to maintain its current economic momentum,” CIBC deputy chief economist Benjamin Tal wrote.
“A softening housing market, the end of many federal and provincial governments’ infrastructure stimulus projects, a projected slower growth trajectory in the manufacturing sector and softer retail trade activity will work to slow overall economic momentum in the city in 2013,” he added.
The Greater Toronto Area accounts for about a fifth of Canada’s economic activity, with the city itself accounting for 11 per cent of Canada’s GDP. A slowdown in Toronto would inevitably have a negative effect on the rest of the country.
CIBC’s index ranks major Canadian metropolitan areas on nine criteria, including population and job growth, personal and business bankruptcy rates, and a number of housing indicators.
While Toronto didn’t come out on top in any of those criteria, it ranked high enough to be in first place overall, the report said.
But the city has seen a noticeable slowdown in its real estate sector, which accounts for about 14 per cent of its economy. CIBC data shows total housing sales declining by more than 10 per cent, year on year, in the third quarter of 2012.
Housing starts, by comparison, continued to grow, stoking fears among some observers of overbuilding in the city’s condo market.
1， Toronto, ON - 20.6
2，Calgary, AB - 19.5
3，Regina, SK - 18.4
4，Winnipeg, MB - 18.4
5，Staskatoon, SK - 18.2
6，Edmonton, AB - 17.8
7，Ottawa, ON - 16.8
8，Vancouver, BC - 14.0
9，Halifax, NS - 13.8
10，Saguenay, QC - 12.2
Toronto has Canada’s most dynamic economy, but it also faces some of the biggest risks in the coming year as the housing market slows down and government stimulus projects wrap up, says a new report from CIBC.
The bank’s Metropolitan Activity Index showed Calgary with the second-most dynamic economy in the country, followed by Regina.
But while the report has only positive things to say about the economies of those two Prairie cities, Toronto will face “a major challenge to the city’s ability to maintain its current economic momentum,” CIBC deputy chief economist Benjamin Tal wrote.
“A softening housing market, the end of many federal and provincial governments’ infrastructure stimulus projects, a projected slower growth trajectory in the manufacturing sector and softer retail trade activity will work to slow overall economic momentum in the city in 2013,” he added.
The Greater Toronto Area accounts for about a fifth of Canada’s economic activity, with the city itself accounting for 11 per cent of Canada’s GDP. A slowdown in Toronto would inevitably have a negative effect on the rest of the country.
CIBC’s index ranks major Canadian metropolitan areas on nine criteria, including population and job growth, personal and business bankruptcy rates, and a number of housing indicators.
While Toronto didn’t come out on top in any of those criteria, it ranked high enough to be in first place overall, the report said.
But the city has seen a noticeable slowdown in its real estate sector, which accounts for about 14 per cent of its economy. CIBC data shows total housing sales declining by more than 10 per cent, year on year, in the third quarter of 2012.
Housing starts, by comparison, continued to grow, stoking fears among some observers of overbuilding in the city’s condo market.
Friday, December 7, 2012
SOLD: 东北区Taradale 2004年 排屋
#2305 111 Tarawood LN NE
Beautifully kept townhome in Taradale. Spacious master bedroom with his and her closets, second bedroom large enough to be converted into two rooms with a 4 piece bathroom all on the 2nd floor. Cozy livingroom with a 2-piece bath. Bright open kitchen, maple cabinets, with a balcony for those hot summer days on the main floor.Basement ready to be finished with your own personal touches. Walking distance to the new recreational centre, LRT station including many shops and restaurants. Don't miss this one call today to view!
Thursday, November 29, 2012
Solid economic growth forecast for Alberta into 2013
CALGARY — Alberta’s economy continues to lead the pack across a range of indicators and solid growth will persist in 2013, supported by robust oilsands investment, says Scotiabank’s Global Forecast.
The bank is forecasting the province will lead Canadian economic growth with 3.4 per cent this year followed by 3.0 per cent in 2013.
Employment growth of 3.1 per cent this year and 1.7 per cent in 2013 will also be the best in the country, according to the report.
Warren Jestin, senior vice-president and chief economist with Scotiabank, is in Calgary this week presenting his outlook on the economy.
On Tuesday, Jestin will be discussing the economy at an economic outlook put on by the Calgary Chamber of Commerce. Then on Wednesday, he will be making a presentation on the economy at the annual Calgary Real Estate Forum.
“Well certainly there should be more smiles in Alberta than almost any other place in the country,” said Jestin on Monday.
“Much of that is driven by the ongoing infrastructural projects. We’ve now got demographics that are very, very favourable here.”
“Infrastructural investments remain strong and in fact I think Alberta’s growth may well be supply constrained. You just don’t have the skills or the infrastructure in order to push it ahead as fas as it otherwise would be. For this year, next year and probably into 2014 the odds are very, very strong that Alberta will lead the pack by a very substantial margin.”
Despite some global issues, economic growth in places like China, is good news for Alberta and “amazingly supportive for the commodities sector,” added Jestin.
While Alberta’s economy continues to be a shining light, concerns remain about the global situation which continues to underperform, said the Scotiabank report.
“First, recessionary conditions in the eurozone persist, reinforced by intensifying fiscal austerity and rising unemployment. Weakness is becoming more evident in the larger economies ... Second, U.S. business activity is being undermined by the intensifying problems around the world ... Third, the sharper-than-expected slowdowns in the faster-growing emerging economies of China, India and Brazil have yet to bottom out,” said the report.
“And fourth, even countries with better underlying fundamentals such as Canada, Australia, South Korea, and many of the core members of the eurozone, are being side-swiped by the fallout from reduced global demand.”
Meanwhile, the Conference Board of Canada said Monday that Canada’s domestic economy has softened and its major trade partners are too weak to pick up the slack, limiting growth in GDP to less than two per cent this year.
Canada’s real GDP growth will slow to 1.8 per cent this year, while growth of 2.3 per cent is forecast in 2013, said the board’s Canadian Outlook, Autumn 2012. If a further European sovereign debt crisis can be avoided, or at least contained — and if the U.S. begins to address its fiscal deficit seriously – Canada’s economy is expected to achieve growth of 2.6 per cent in 2014, it said.
The bank is forecasting the province will lead Canadian economic growth with 3.4 per cent this year followed by 3.0 per cent in 2013.
Employment growth of 3.1 per cent this year and 1.7 per cent in 2013 will also be the best in the country, according to the report.
Warren Jestin, senior vice-president and chief economist with Scotiabank, is in Calgary this week presenting his outlook on the economy.
On Tuesday, Jestin will be discussing the economy at an economic outlook put on by the Calgary Chamber of Commerce. Then on Wednesday, he will be making a presentation on the economy at the annual Calgary Real Estate Forum.
“Well certainly there should be more smiles in Alberta than almost any other place in the country,” said Jestin on Monday.
“Much of that is driven by the ongoing infrastructural projects. We’ve now got demographics that are very, very favourable here.”
“Infrastructural investments remain strong and in fact I think Alberta’s growth may well be supply constrained. You just don’t have the skills or the infrastructure in order to push it ahead as fas as it otherwise would be. For this year, next year and probably into 2014 the odds are very, very strong that Alberta will lead the pack by a very substantial margin.”
Despite some global issues, economic growth in places like China, is good news for Alberta and “amazingly supportive for the commodities sector,” added Jestin.
While Alberta’s economy continues to be a shining light, concerns remain about the global situation which continues to underperform, said the Scotiabank report.
“First, recessionary conditions in the eurozone persist, reinforced by intensifying fiscal austerity and rising unemployment. Weakness is becoming more evident in the larger economies ... Second, U.S. business activity is being undermined by the intensifying problems around the world ... Third, the sharper-than-expected slowdowns in the faster-growing emerging economies of China, India and Brazil have yet to bottom out,” said the report.
“And fourth, even countries with better underlying fundamentals such as Canada, Australia, South Korea, and many of the core members of the eurozone, are being side-swiped by the fallout from reduced global demand.”
Meanwhile, the Conference Board of Canada said Monday that Canada’s domestic economy has softened and its major trade partners are too weak to pick up the slack, limiting growth in GDP to less than two per cent this year.
Canada’s real GDP growth will slow to 1.8 per cent this year, while growth of 2.3 per cent is forecast in 2013, said the board’s Canadian Outlook, Autumn 2012. If a further European sovereign debt crisis can be avoided, or at least contained — and if the U.S. begins to address its fiscal deficit seriously – Canada’s economy is expected to achieve growth of 2.6 per cent in 2014, it said.
“The influence of a grim global environment, coupled with a heavy dose of fiscal restraint, will result in Canada’s economy muddling along through the rest of this year and into 2013,” said Pedro Antunes, Director, National and Provincial Forecast.
“The swift post-recession rebound that occurred in 2010 and 2011, driven by a strong domestic economy, has mostly expired through the first half of this year. Recurring crises stemming from the eurozone, along with some false starts from the U.S. economy, have eroded consumer confidence and slowed business investment and job creation.”
“The swift post-recession rebound that occurred in 2010 and 2011, driven by a strong domestic economy, has mostly expired through the first half of this year. Recurring crises stemming from the eurozone, along with some false starts from the U.S. economy, have eroded consumer confidence and slowed business investment and job creation.”
Tuesday, November 20, 2012
中海油收购NEXEN 的最新进展
2012年11月20日消息，寻求151亿美元收购Nexen计划获批准的中海油，已接受加拿大政府提出的管理和雇佣方面的条件。
加拿大政府谈判人员接受了很多阿尔伯塔省省长雷德福(Alison Redford)上月所提要求，包括承诺至少50%的Nexen董事会席位和管理职位由加拿大人占据。一位消息人士称，仍有一些商业问题正在协商中，如资本支出要求的范围和中海油国有企业地位相关的一些其它事宜。
Nexen股价上周飙升7%，为中海油7月提出收购要约以来最大周度涨幅，这显示投资者对协议获得加拿大政府批准愈发乐观。
加拿大国家银行金融集团石油和天然气分析师Kyle Preston称，加拿大总理和联邦内阁部长近期的声明提供了积极的暗示，即中海油收购Nexen的交易很快将被批准，马来西亚国有能源公司收购Progress的计划也如此。
Preston接受电话采访时称：“我认为交易接近获得批准。政府正在考虑中海油和Nexen、Progress和Petronas两个收购交易，我认为看上去政府将同时做出两个决定，并列出新交易框架的内容。
加拿大政府谈判人员接受了很多阿尔伯塔省省长雷德福(Alison Redford)上月所提要求，包括承诺至少50%的Nexen董事会席位和管理职位由加拿大人占据。一位消息人士称，仍有一些商业问题正在协商中，如资本支出要求的范围和中海油国有企业地位相关的一些其它事宜。
Nexen股价上周飙升7%，为中海油7月提出收购要约以来最大周度涨幅，这显示投资者对协议获得加拿大政府批准愈发乐观。
加拿大国家银行金融集团石油和天然气分析师Kyle Preston称，加拿大总理和联邦内阁部长近期的声明提供了积极的暗示，即中海油收购Nexen的交易很快将被批准，马来西亚国有能源公司收购Progress的计划也如此。
Preston接受电话采访时称：“我认为交易接近获得批准。政府正在考虑中海油和Nexen、Progress和Petronas两个收购交易，我认为看上去政府将同时做出两个决定，并列出新交易框架的内容。
Monday, November 12, 2012
Calgary is the Wealthiest in Canada
Calgary Leads Toronto and Vancouver as Wealthiest in Canada
Another great study out this week shows Calgarians are actually the wealthiest in the country. High net worth Calgarians, those with at least $500,000 in net worth average $3.3 Million versus only $2.2 Million for Toronto and $2.1 Million for Vancouver.
Calgary has also has more millionaires per capita than anywhere else in Canada and more head offices per capita than anywhere else in Canada.
Alberta has been North America;s job leader over the last 10 years and Calgary both migration and income growth has been Canadian best over the last several years.
Year to date luxury home sales over $1 Million have already surpassed the previous record set in 2007 of 459 and we still have November and December to go.
Calgary is a global business hub and was ranked the 5th best city to live in the world the last 5 years running. If you are thinking about moving to Calgary, the city is clean, safe and is a great place to raise a family.
Another great study out this week shows Calgarians are actually the wealthiest in the country. High net worth Calgarians, those with at least $500,000 in net worth average $3.3 Million versus only $2.2 Million for Toronto and $2.1 Million for Vancouver.
Calgary has also has more millionaires per capita than anywhere else in Canada and more head offices per capita than anywhere else in Canada.
Alberta has been North America;s job leader over the last 10 years and Calgary both migration and income growth has been Canadian best over the last several years.
Year to date luxury home sales over $1 Million have already surpassed the previous record set in 2007 of 459 and we still have November and December to go.
Calgary is a global business hub and was ranked the 5th best city to live in the world the last 5 years running. If you are thinking about moving to Calgary, the city is clean, safe and is a great place to raise a family.
Wednesday, November 7, 2012
市中心西线LRT 2012年12月10日通车！！！
恭喜住在West Hills的同胞们，LRT终于要通车了。CBC news 报道如下：
The west leg of the LRT will be open for business in Calgary on Dec. 10.
The city says this date meets the original start of service promised back in 2009.
“We want to provide all Calgarians with the opportunity to make Calgary Transit their preferred transportation option and this project is a major step towards that goal,” said general manager of transportation Mac Logan.
Officials estimate more than 30,000 people will be using the new LRT run, which includes six new LRT stations along more than eight kilometres of track.
Construction on the project began in February 2010.
Completing the project involved major roadway upgrades, construction of a new interchange and moving a high school.
“This project required a great deal of expertise and co-ordination — its success speaks volumes about the hard work and dedication of everyone involved,” said Logan.
The west leg of the LRT will be open for business in Calgary on Dec. 10.
The city says this date meets the original start of service promised back in 2009.
“We want to provide all Calgarians with the opportunity to make Calgary Transit their preferred transportation option and this project is a major step towards that goal,” said general manager of transportation Mac Logan.
Officials estimate more than 30,000 people will be using the new LRT run, which includes six new LRT stations along more than eight kilometres of track.
Construction on the project began in February 2010.
Completing the project involved major roadway upgrades, construction of a new interchange and moving a high school.
“This project required a great deal of expertise and co-ordination — its success speaks volumes about the hard work and dedication of everyone involved,” said Logan.
Thursday, October 18, 2012
Evergreen Estates Real Estate Report - Jul. ~Sept.
27 properties were sold in second
quarter in Evergreen Estate, 22 of them are Single Family Houses.
Fish
Creek Park
(landscaping in back yard)
The lowest sold price for 2 story
house was $458,000.00
5 condominiums were sold in
second quarter. They are all in Beacon Hill Shawnee Slopes.
The lowest sold price for
Bungalow house was $430,000.00
The highest sold price for
Bungalow house was $880,000 with walkout basement and size is 1997Sq.Ft. And it
locates next to 
The highest sold price for 2
story house was $945,000 with walkout basement and size is 2990Sq.Ft. It has no
park view at all, mostly was sold for size and renovation.
The average sold price for one-bedroom-apartment
is $241,500.
The average sold price for two-bedroom-apartments
is $299,000.
|
Evergreen Estate Sales States:
|
|||||
|
STYLE
|
HIGH
|
LOW
|
AVG
|
AVG DAYS TO SELL
|
TOTAL
|
|
2 STOREY/SPLITS
|
945,000
|
458,000
|
637,294.12
|
37.7
|
17
|
|
BUNGALOW
|
430,000
|
880,000
|
617,400
|
48.6
|
5
|
|
3&4 LEVEL SPLITS
|
|
|
|
|
|
|
BI-LEVEL
|
|
|
|
|
|
Sunday, October 14, 2012
卡尔加里公寓系列– Xenex on 12th
Xenex 公寓楼坐落在卡尔加里市中心788 12th Avenue SW，位于Connaught社区。 交房于2008年底2009年初，是幢18层高的水泥钢筋大楼 ，拥有150个单元。建筑商是声誉显赫 的Bucci。这栋公寓当时很流行，也源于难得的好地段，位于BELTLINE。公寓主要有一室、两室两种，但是也有部分三室户型在2楼，用户可以申请HOME OFFICES，因其独特的ZONING。
13间东向单身汉户型/STUDIO约536平方尺，一室面积716-740平方尺，两室面积883-1200平方尺。顶层套房1600、1800、2045平方尺。套内都有洗衣间。
- Address: 788 12th Avenue SW
- Community: Connaught
- Total Height: 18 Stories
- Total Units 150
- Construction: Concrete
- Building Type: Highrise
- Year Built: 2008/2009
- Developer: Bucci
年度数据如下：
- 目前共售出4间
- 平方尺均价为 $408.29
- 成交价格是挂牌价格的97.23%
- 在市场上的平均天数是112天
- 售出两间一室公寓均价为$309,500
- 售出两间两室公寓均价为$496,000
Friday, October 5, 2012
SOLD---西南区Somerset 两卧室公寓，步行LRT
c3541157 # 1318 1000 SOMERVALE CO SW $210,000 售出 2012年10月5日
Clean and pristine, this owner occupied, nicely decorated and updated CORNER unit offers 2 generously sized bedrooms, + 2 - 4 piece bathrooms, IN SUITE LAUNDRY and over 960 sq' of living space. This great floor plan has the Master bedroom with 2 closets and its own private 4 pc en-suite privately located at the opposing side of the unit from the large 2nd bedroom. The entry way is spacious and leads to the open concept living area. The kitchen is centrally located, and well planned out. The white cupboards and opening kitchen window make this a bright space. The Living room has sliding glass doors to an expansive corner balcony with South East exposure, a perfect place to take in the early and late day sunshine while providing bountiful natural light into the home. The LRT, immense shopping facilities, Schools, and Public recreational facilities are only minutes away.
Clean and pristine, this owner occupied, nicely decorated and updated CORNER unit offers 2 generously sized bedrooms, + 2 - 4 piece bathrooms, IN SUITE LAUNDRY and over 960 sq' of living space. This great floor plan has the Master bedroom with 2 closets and its own private 4 pc en-suite privately located at the opposing side of the unit from the large 2nd bedroom. The entry way is spacious and leads to the open concept living area. The kitchen is centrally located, and well planned out. The white cupboards and opening kitchen window make this a bright space. The Living room has sliding glass doors to an expansive corner balcony with South East exposure, a perfect place to take in the early and late day sunshine while providing bountiful natural light into the home. The LRT, immense shopping facilities, Schools, and Public recreational facilities are only minutes away.
Tuesday, October 2, 2012
大部分居民认为居住在卡尔加里还是安全地
A new police survey says most Calgarians believe this is a safe city to live in.
The results of the 2012 Calgary Police Commission Citizen Survey say more people share that attitude than in previous years.
In 2008, when Calgary topped the nation for gang related murders, most people surveyed were nervous about gang activity in the city.
In 2012, Calgarians' biggest concerns in their neighbourhood seem to be home break and enters.
42 percent of Calgarians 'somewhat agree', Calgary is a safe place to live.
The biggest improvement: 52 percent of citizens 'strongly agree' the city is safe.
That's up nearly 30 percent since four years ago.
2012年9月份卡尔加里房地产市场报告
尽管全国地产不断调整，卡尔加里房地产持续价量齐升！
---二手房市场持续缓慢稳定恢复
Calgary, 十月一日， 2012 – 卡尔加里本月民宅销售持续上涨，比去年同期涨11%。城市界内，前九个月共成交17,018套，比2011年多15%。
大家总谈及全国房地产市场放缓，然而，卡尔加里销售量、成交价格持续改善，没有往回调整的迹象。同时呢，几年来第一次，卡尔加里的秋季市场不同以往、表现特别。
独立屋市场成交量又提高了，尽管新挂牌量持续稳定降低。不过九月份新挂牌还是比八月份强了一点儿，目前市场供给进入均衡状态。
独立屋市场成交量又提高了，尽管新挂牌量持续稳定降低。不过九月份新挂牌还是比八月份强了一点儿，目前市场供给进入均衡状态。
九月份独立屋市场基准价为 $432,900，比去年同期高8%。过去三个月以来，价格表现稳中有升，根本没把夏天度假淡季放在眼里。
截至9月底为止，共管公寓共售出2,762 单元，比2011年涨10%。随着新挂牌量的下降、需求的上升，总体库存的降低已经开始促使价格往上走。九月份公寓市场基准价为 $249,300, 比去年同期涨4%。另外，去年同期价格走势是下降的。
前三个季度排屋共售出2,061套，比去年同期涨
14%。目前市场基准价为$277,700，比去年 同期小涨2%。
近期市场的活跃表现带动了二手房市场回归到长线均线水平，价格复苏。2011年底市场表现大大低于平常年份的销售状况，那时关于全球经济前景的担忧甚多。同时，也有关于美国经济再度下滑、及加拿大国内经济放缓的担忧。
尽管对经济前景不太乐观，但是和去年相比，消费者还是对平原省份房地产保持信心。另外，卡尔加里失业率继续走低，薪金也往上调，全职就业机会涨幅远远超出全国平均水平。
Subscribe to:
Posts (Atom)