Calgary, September 1, 2009 – Calgary metro home prices made the first year-over-year increase on a monthly basis since February 2008 according to figures released by the Calgary Real Estate Board (CREB ®). Prices received an added boost from the sale of a $10.3 million home earlier this month.

“Calgary’s housing prices are edging upwards as consumer confidence improves and demand

MARKET UPDATE March 4, 2009

I noticed on the recent CREB stats that we sold 825 single family homes in Calgary in Feb. 2009 for an increase of 50% over Jan. 2009. Condo sales also increased by 52% over Jan. 2009 and out of town sales were also up 43% from Jan, We had total sales of 1383 or 2766 ends in Feb. which is up an average of 47% improvement from Jan. 2009. Listings really leveled off with a 31% drop when compared to Feb 2008. In addition we have the lowest prime rate of .50% (One half a percentage point) that we have ever had in Canada. I also note several of our Banks actually earned a profit last year. With interest rates at an all time low and a great selection of inventory this looks like a terrific time to be buying, selling or even investing in Real Estate. If sellers wish to upgrade, the timing could not be better as they are buying and selling in the same market. Like we points out “How would you like to lose $50,000.00 to make $100,000.00” by buying up. We are not naïve enough to think the economic crisis is nearing an end, but we do have opportunities and the sun will always come up the next day so lets go out, be very positive and do the absolute best with our existing market conditions.

MARKET UPDATE February 17, 2009

There was an article that appeared in Saturday’s Calgary Herald that suggests our resale market is gathering strength. I note we had a total of 923 sales or 1846 ends in the Calgary area in January 2009. The flow of listings coming on the market has slowed down which will help our market balance. The last paragraph in this article raised a great point as follows: If you bought a home today and the price dropped 10% in the next year and mortgage rates went up 1%, it would still cost you less to buy today – and you’d have your home paid off one year sooner. I really think this is terrific information to pass on to all my buyers as interest rates are very competitive and there is a great selection of properties available now. For first time buyers, our Federal Government has a new non refundable $5,000.00 tax credit available for first time buyers who take possession after January 27th. 2009.

Calgary Stats for October 2008

http://www.creb.com/public/documents/statistics/2008/package/res-stats-2008-october.pdf