FOR IMMEDIATE RELEASE

Calgary, Jan.15, 2014

Continuing employment growth and two consecutive years of high net migration levels will underpin a 3.6 per cent growth in resale home sales in Calgary this year, with prices increasing by 4.3 per cent, CREB® said today in its annual forecast. The rate of net migration is expected to slow from 2013’s rate, but CREB® estimates that, even with the moderating growth,24,335 homes will be sold in the city this year.

 

City of Calgary census figures reported net migration of 19,067 in 2013 and forecasts growth of 15,000 new residents this year. “In 2014, both sales activity and prices are expected to improve, but not at the same pace recorded in2013,” said Ann-Marie Lurie, CREB®’s chief economist. “While factors influencing demand will support growth in 2014, new listings and increased competition from the new home sector should alleviate some of the supply pressure in the market.”

 

The benchmark price on single-family homes in Calgary is expected to reach $467,100, while the benchmark price on apartment condominiums and apartment townhomes will reach $281,798 and $208,690 respectively. The report notes that homes in surrounding communities provide an affordable choice for those looking for single family product.

 

On aggregate, 2013 annual benchmark prices in surrounding towns were $348,575versus the $458,017 aggregate within city limits. As supply for lower priced single family declines, demand will continue to grow in surrounding communities, as buyers make lifestyle choices or seek more affordable alternatives to the city.

 

“Calgary and area is well positioned this year to see growth in the housing market,” said Bill Kirk, 2014 CREB® president. “Price growth in the CREB® trading area will continue to encourage sellers back into the market, pushing up the level of new listings.

 

“New construction is also expected to add to the housing supply, but not push us into an over-supply situation.”

 

Lurie noted several positive and negative risk factors could affect the way the year unfolds. For example, if net migration does not ease, expected housing supply growth will likely not meet the demand need, causing price growth to exceed expectations.

 

Lurie noted Calgary and area’s economic health is closely linked to the health of the energy sector. Significant delays or rejection of new pipelines and difficulties raising capital for investment projects could slow energy sector growth and impact consumer confidence in the Calgary market, which would ultimately translate into weaker demand for housing. However, in the sametoken an improving U.S. economy and positive momentum in our energy sector would have the opposite impact on confidence bolstering demand.

 

For the entire CREB® forecast, visit:

creb.com.

 

 

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Please visit our Open House at 220 COVE WAY.
Open House on Saturday, January 25, 2014 1:00 pm - 4:00 pm
OPEN HOUSE JANUARY 25, BETWEEN 1 - 4 PM!. Absolutely stunning custom built home steps away from the LAKE where the water and playground await! Over 3550 sq ft of LIVING SPACE including a FULLY FINISHED WALKOUT basement. A total of 4 BEDROOMS and 3 1/2 BATHS. BUILT-INS throughout entire home include closet, shoe organizers, desks and bookcases. CUSTOM BAR with WINE CELLAR in basement. Other features include 5" plank hickory hardwood, 6"baseboard, 4" casings,2 FURNACES, porcelain tiled master shower, bronze symphony lighting, plush upgraded carpet, INFLOOR heating in basement and garage, exterior done in Eldorado stone, SPEAKER SYSTEM throughout, AIR CONDITIONING, custom CURVED maple staircase, GRANITE throughout, CUSTOTM maple kitchen with STAILESS appliances, UNDERGROUND SPRINKLERS, exposed aggregate decks, basketball, tennis courts and lake close by. This home needs to be seen to truly appreciate the value. You could not build this home for this price in today's market place. Truly a touch of class.
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I have listed a new property at 761 EAST CHESTERMERE DR in CHESTERMERE.
Here is your chance to own a beautiful UNIQUE lakeside home on Chestermere LAKE! You will definitely not find another one like this. 2 story split that has a massive open floor plan. Fabulous high vaulted ceilings. Huge windows that give you fantastic view of the lake and your own beach front. Enormous amount of open space on the main floor! You will be proud to invite and entertain your family and friends in this gorgeous home! This residence has 5 spacious bedrooms, 2 full bathrooms and 2 half baths, office, recreation room, living room and so much more. This home gives privacy and accommodates family! $45,000 upgrades done to this home in 2012 including a new boiler, new high efficiency furnace, new kitchen appliances & new central air-conditioning. You must see this home to truly appreciate it.
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Categories:   | Abbeydale, Calgary Real Estate | Airdrie, Airdrie Real Estate | Alberta Housing Market | alberta housing market forecast 2012 | Alberta Housing Market, housing projections, cmhc | Alberta Housing Market, housing projections, cmhc, Calgary housing market, chestermere homes for sale | Alberta Land Tax | Android | April Market Update | April Market Updates for Calgary | Arbour Lake, Calgary Real Estate | Bowness, Calgary Real Estate | Bragg Creek, Bragg Creek Real Estate | Bridlewood, Calgary Real Estate | Calgary cash incentives | Calgary Economic Recovery | calgary economy | Calgary Economy, Calgary Housing Market, Calgary Real Estate, Chestermere Real Estate | Calgary Econonomy, Calgary Housing Market, Calgary Real Estate, Chestermere Real Estate | Calgary Grants | Calgary home market | Calgary Home Prices | Calgary home sales | Calgary Homes For Sale | Calgary Housing | Calgary Housing Market | Calgary Housing Market Outlook 2012 | calgary housing market statistics | Calgary Housing Market Update | Calgary Housing Stats | Calgary Housing Trend | Calgary Market Forecast | Calgary Market Outlook 2012 | Calgary Market Update | Calgary Open House | Calgary Properties | Calgary Real Estate | Calgary Real Estate Forecast | Calgary Real Estate Market | Calgary Real Estate Stats | Calgary Relocation | Canada Housing Market | Canada Mortgage Update | Cardston, Cardston Real Estate | Carstairs, Carstairs Real Estate | Chaparral, Calgary Real Estate | Chestermere | Chestermere home for sale | Chestermere Homes | Chestermere Housing Market | Chestermere Open House | Chestermere Real Estate | Chestermere Real Estate Stats | Chestermere Realtor | Chestermere, Chestermere Real Estate | Cityscape, Calgary Real Estate | CMA, Market Analysis, Selling Price, Fair Market Value, Home Value, home price | CMHC | Connaught | Connaught, Calgary Real Estate | Country Hills | Country Hills, Calgary Real Estate | Coventry Hills, Calgary Real Estate | Dalhousie, Calgary Real Estate | Deer Ridge, Calgary Real Estate | Deer Run, Calgary Real Estate | economic recovery | Economy | Evanston, Calgary Real Estate | Executive Home for Sale | Falconridge, Calgary Real Estate | Finance | First Time Home Buyers | foreclosure | Garrison Green | Garrison Green, Calgary Real Estate | Harvest Hills, Calgary Real Estate | Hawkwood, Calgary Real Estate | Hillhurst, Calgary Real Estate | Housing Trends | Inglewood, Calgary Real Estate | IPhone | January 2013 Market Update | Lake Bonavista, Calgary Real Estate | Lakeside Home For Sale | Langdon | Langdon, Langdon Real Estate | Lyalta, Lyalta Real Estate | Mahogany, Calgary Real Estate | Market Trends | Market Update | Market Value | Marlborough Park, Calgary Real Estate | Martindale, Calgary Real Estate | Mayland Heights, Calgary Real Estate | McKenzie Towne, Calgary Real Estate | MLS QR Code | MLS Search | MLS Search, Personal Real Estate Office, Real Estate, home search, compare homes, search for homes | Monterey Park, Calgary Real Estate | Mortgage | Mortgage Fraud | Mortgage Rates | Mortgage Registration | Mortgages | New Listing | Okotoks, Foothills Real Estate | Okotoks, Okotoks Real Estate | Open House | Pineridge, Calgary Real Estate | Pricing Your Home For Sale | QR Code | Real Estate | Real Estate App | Real Estate Forecast | Real Estate GPS QR Code | Real Estate Integrity | Real Estate QR Code | Real Estate, Chestermere Real Estate, Calgary, Buy, Sell, home | Recession | Redcarpet_Mountview, Calgary Real Estate | Rent vs Buy | Rental Property | Rental Property, Calgary Rental, First Time Home Buyers | Rosscarrock | Rosscarrock, Calgary Real Estate | Rural Rocky View MD, Rural Rocky View County Real Estate | Rural Rocky View MD, Rural Rocky View MD Real Estate | Rural Rocky View MD, Rural Rockyview County Real Estate | Rural Wheatland County, Rural Wheatland County Real Estate | Sage Hill, Calgary Real Estate | Secondary Suite | Sell Your Home | Selling Your Home | Shawnessy, Calgary Real Estate | Somerset | South Calgary, Calgary Real Estate | Southview, Calgary Real Estate | Spruce Cliff, Calgary Real Estate | Strathmore | Strathmore, Strathmore Real Estate | Suite | Sundance, Calgary Real Estate | Temple, Calgary Real Estate | Turtle Lake Real Estate | Tuscany, Calgary Real Estate | Victoria Park, Calgary Real Estate | Whitehorn | Whitehorn, Calgary Real Estate | Woodbine, Calgary Real Estate

FOR IMMEDIATE RELEASE

Calgary, Jan.15, 2014

Continuing employment growth and two consecutive years of high net migration levels will underpin a 3.6 per cent growth in resale home sales in Calgary this year, with prices increasing by 4.3 per cent, CREB® said today in its annual forecast. The rate of net migration is expected to slow from 2013’s rate, but CREB® estimates that, even with the moderating growth,24,335 homes will be sold in the city this year.

 

City of Calgary census figures reported net migration of 19,067 in 2013 and forecasts growth of 15,000 new residents this year. “In 2014, both sales activity and prices are expected to improve, but not at the same pace recorded in2013,” said Ann-Marie Lurie, CREB®’s chief economist. “While factors influencing demand will support growth in 2014, new listings and increased competition from the new home sector should alleviate some of the supply pressure in the market.”

 

The benchmark price on single-family homes in Calgary is expected to reach $467,100, while the benchmark price on apartment condominiums and apartment townhomes will reach $281,798 and $208,690 respectively. The report notes that homes in surrounding communities provide an affordable choice for those looking for single family product.

 

On aggregate, 2013 annual benchmark prices in surrounding towns were $348,575versus the $458,017 aggregate within city limits. As supply for lower priced single family declines, demand will continue to grow in surrounding communities, as buyers make lifestyle choices or seek more affordable alternatives to the city.

 

“Calgary and area is well positioned this year to see growth in the housing market,” said Bill Kirk, 2014 CREB® president. “Price growth in the CREB® trading area will continue to encourage sellers back into the market, pushing up the level of new listings.

 

“New construction is also expected to add to the housing supply, but not push us into an over-supply situation.”

 

Lurie noted several positive and negative risk factors could affect the way the year unfolds. For example, if net migration does not ease, expected housing supply growth will likely not meet the demand need, causing price growth to exceed expectations.

 

Lurie noted Calgary and area’s economic health is closely linked to the health of the energy sector. Significant delays or rejection of new pipelines and difficulties raising capital for investment projects could slow energy sector growth and impact consumer confidence in the Calgary market, which would ultimately translate into weaker demand for housing. However, in the sametoken an improving U.S. economy and positive momentum in our energy sector would have the opposite impact on confidence bolstering demand.

 

For the entire CREB® forecast, visit:

creb.com.

 

 

Read full post

Please visit our Open House at 220 COVE WAY.
Open House on Saturday, January 25, 2014 1:00 pm - 4:00 pm
OPEN HOUSE JANUARY 25, BETWEEN 1 - 4 PM!. Absolutely stunning custom built home steps away from the LAKE where the water and playground await! Over 3550 sq ft of LIVING SPACE including a FULLY FINISHED WALKOUT basement. A total of 4 BEDROOMS and 3 1/2 BATHS. BUILT-INS throughout entire home include closet, shoe organizers, desks and bookcases. CUSTOM BAR with WINE CELLAR in basement. Other features include 5" plank hickory hardwood, 6"baseboard, 4" casings,2 FURNACES, porcelain tiled master shower, bronze symphony lighting, plush upgraded carpet, INFLOOR heating in basement and garage, exterior done in Eldorado stone, SPEAKER SYSTEM throughout, AIR CONDITIONING, custom CURVED maple staircase, GRANITE throughout, CUSTOTM maple kitchen with STAILESS appliances, UNDERGROUND SPRINKLERS, exposed aggregate decks, basketball, tennis courts and lake close by. This home needs to be seen to truly appreciate the value. You could not build this home for this price in today's market place. Truly a touch of class.
Read full post

I have listed a new property at 761 EAST CHESTERMERE DR in CHESTERMERE.
Here is your chance to own a beautiful UNIQUE lakeside home on Chestermere LAKE! You will definitely not find another one like this. 2 story split that has a massive open floor plan. Fabulous high vaulted ceilings. Huge windows that give you fantastic view of the lake and your own beach front. Enormous amount of open space on the main floor! You will be proud to invite and entertain your family and friends in this gorgeous home! This residence has 5 spacious bedrooms, 2 full bathrooms and 2 half baths, office, recreation room, living room and so much more. This home gives privacy and accommodates family! $45,000 upgrades done to this home in 2012 including a new boiler, new high efficiency furnace, new kitchen appliances & new central air-conditioning. You must see this home to truly appreciate it.
Read full post
Categories:   | Abbeydale, Calgary Real Estate | Airdrie, Airdrie Real Estate | Alberta Housing Market | alberta housing market forecast 2012 | Alberta Housing Market, housing projections, cmhc | Alberta Housing Market, housing projections, cmhc, Calgary housing market, chestermere homes for sale | Alberta Land Tax | Android | April Market Update | April Market Updates for Calgary | Arbour Lake, Calgary Real Estate | Bowness, Calgary Real Estate | Bragg Creek, Bragg Creek Real Estate | Bridlewood, Calgary Real Estate | Calgary cash incentives | Calgary Economic Recovery | calgary economy | Calgary Economy, Calgary Housing Market, Calgary Real Estate, Chestermere Real Estate | Calgary Econonomy, Calgary Housing Market, Calgary Real Estate, Chestermere Real Estate | Calgary Grants | Calgary home market | Calgary Home Prices | Calgary home sales | Calgary Homes For Sale | Calgary Housing | Calgary Housing Market | Calgary Housing Market Outlook 2012 | calgary housing market statistics | Calgary Housing Market Update | Calgary Housing Stats | Calgary Housing Trend | Calgary Market Forecast | Calgary Market Outlook 2012 | Calgary Market Update | Calgary Open House | Calgary Properties | Calgary Real Estate | Calgary Real Estate Forecast | Calgary Real Estate Market | Calgary Real Estate Stats | Calgary Relocation | Canada Housing Market | Canada Mortgage Update | Cardston, Cardston Real Estate | Carstairs, Carstairs Real Estate | Chaparral, Calgary Real Estate | Chestermere | Chestermere home for sale | Chestermere Homes | Chestermere Housing Market | Chestermere Open House | Chestermere Real Estate | Chestermere Real Estate Stats | Chestermere Realtor | Chestermere, Chestermere Real Estate | Cityscape, Calgary Real Estate | CMA, Market Analysis, Selling Price, Fair Market Value, Home Value, home price | CMHC | Connaught | Connaught, Calgary Real Estate | Country Hills | Country Hills, Calgary Real Estate | Coventry Hills, Calgary Real Estate | Dalhousie, Calgary Real Estate | Deer Ridge, Calgary Real Estate | Deer Run, Calgary Real Estate | economic recovery | Economy | Evanston, Calgary Real Estate | Executive Home for Sale | Falconridge, Calgary Real Estate | Finance | First Time Home Buyers | foreclosure | Garrison Green | Garrison Green, Calgary Real Estate | Harvest Hills, Calgary Real Estate | Hawkwood, Calgary Real Estate | Hillhurst, Calgary Real Estate | Housing Trends | Inglewood, Calgary Real Estate | IPhone | January 2013 Market Update | Lake Bonavista, Calgary Real Estate | Lakeside Home For Sale | Langdon | Langdon, Langdon Real Estate | Lyalta, Lyalta Real Estate | Mahogany, Calgary Real Estate | Market Trends | Market Update | Market Value | Marlborough Park, Calgary Real Estate | Martindale, Calgary Real Estate | Mayland Heights, Calgary Real Estate | McKenzie Towne, Calgary Real Estate | MLS QR Code | MLS Search | MLS Search, Personal Real Estate Office, Real Estate, home search, compare homes, search for homes | Monterey Park, Calgary Real Estate | Mortgage | Mortgage Fraud | Mortgage Rates | Mortgage Registration | Mortgages | New Listing | Okotoks, Foothills Real Estate | Okotoks, Okotoks Real Estate | Open House | Pineridge, Calgary Real Estate | Pricing Your Home For Sale | QR Code | Real Estate | Real Estate App | Real Estate Forecast | Real Estate GPS QR Code | Real Estate Integrity | Real Estate QR Code | Real Estate, Chestermere Real Estate, Calgary, Buy, Sell, home | Recession | Redcarpet_Mountview, Calgary Real Estate | Rent vs Buy | Rental Property | Rental Property, Calgary Rental, First Time Home Buyers | Rosscarrock | Rosscarrock, Calgary Real Estate | Rural Rocky View MD, Rural Rocky View County Real Estate | Rural Rocky View MD, Rural Rocky View MD Real Estate | Rural Rocky View MD, Rural Rockyview County Real Estate | Rural Wheatland County, Rural Wheatland County Real Estate | Sage Hill, Calgary Real Estate | Secondary Suite | Sell Your Home | Selling Your Home | Shawnessy, Calgary Real Estate | Somerset | South Calgary, Calgary Real Estate | Southview, Calgary Real Estate | Spruce Cliff, Calgary Real Estate | Strathmore | Strathmore, Strathmore Real Estate | Suite | Sundance, Calgary Real Estate | Temple, Calgary Real Estate | Turtle Lake Real Estate | Tuscany, Calgary Real Estate | Victoria Park, Calgary Real Estate | Whitehorn | Whitehorn, Calgary Real Estate | Woodbine, Calgary Real Estate
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