The MLS® Housing Price Index (HPI) is coming to Calgary in February, as part of a nationwide rollout involving boards in Canada’s largest cities.

CREB® has been working with CREA and other boards and associations across Canada to develop the MLS® HPI.
 
The MLS® HPI allow housing price trends to be tracked over time within local communities and national markets for different property types including:

• one-storey single-family homes
• two-storey single-family homes
• townhouse/row units
• apartment units

As you know, the average price in a market can vary widely from month to month, depending on volume shifts in various price segments. Reporting the average price can sometimes falsely exaggerate trends, causing a lot of confusion.…

The Ultimate Hockey Experience Contest

We here at CIR Realty have created an EXCITING contest for all of you out there reading this.To Enter all you have to do is simply visit our contest website: www.cirrealty.ca/contest and enter your contact information. Starting on December 20, 2011 (the day after MY birthday), we will be giving away 10 sets of Calgary Flames Tickets. The seats are valued at whopping $324 a set and are along the best in the Saddledome!! The games are in the months of December 2011-April 2012. We will be announcing the winners on our CIR Facebook Fanpage. However the BIG GRAND PRIZE is an ALL expense paid trip for TWO to watch the New York Rangers play against the Pittsburgh Penguins live in Madison Square Gardens on March 15, 2011…

Calgary Homes Sales up 10% from 2010

The Calgary Real Estate board has just announced housing stats for year-to-date, and home sales are up. Although sales aren't up to normal historic levels, they have nonetheless improved. 

Single family home sales totaled 988 for the month of October 2011, an 11 per cent increase over October 2010, but continue to remain well below historical levels.  Year-to-date sales totaled 11,503, a 10 per cent increase over last year. Calgary Condo sales for the first 10 months of 2011 was 4,681 units, a 3% increase over the same period last year.  Inventory levels remained at 1,935 units, resulting in months of supply pushing above five months.  

“Consumers are feeling more confident about the local real estate…

Beautiful Lake Midnapore - You Can Live Here Now

Lake Midnapore has long been considered a desirable southwest community but now that it has matured, the neighbourhoods surrounding the lake are more relaxed and comfortable. That's why Lake Midnapore Homes are so sought after. This neighbourhood is near Macleod Tr and Shawnessy Blvd offering quick access to highway 22x for your getaway westward and to highway 2 northbound to work or downtown.

What is a luxury home worth if it's not in a wonderful location? You can buy million dollar homes in Calgary and outside the city, but a home beside a perfect sized lake is very rare anywhere in Canada, let alone Calgary.  Homes surrounding Lake Midnapore have the character of lakeside cottages. While you can…

New Migrants Helping to Keep Real Estate Sector Healthy

New stats show Calgary is an attractive place to live, especially during a recession. With the more positive job prospects in the Alberta economy, people across Canada are packing up and heading West. Alberta created 86,000 new jobs in the past year, and now has one of the lowest provincial jobless rates in Canada, at 5.6 per cent.

Calgary Development Council expects Calgary's population will grow another 18,000 by 2012. One interesting stat that comes out of their report shows the people of ages 50 to 60 will comprise almost half of that growth. The other big portion will be kids aged 0 to 9. Other age groups will actually decrease in number.

That could mean that older people are migrating…

September's Sales Show Nice Increase - A Healthy Market for Sellers

CREB has just released stats showing the Calgary housing market is improving. Sales volume and prices rose. 

Calgary single family home in September had an average sales price of $466,167 which was about 1.3% above last September's average prices, while the median price was $400,000. Total unit sales of 1,036 in September, 2011 was 8% above levels in September 2011.  Year-to-date sales totaled 10,518 units a 10 per cent increase over last year which a very positive statistic.

Million dollar homes in the range of 1,000,000 - 1,249,999 grew from 9 last September to 19 last month. Over all there has been only 6 more million dollar properties sold in the first 3 quarters this year…

Million Dollar Homes Calgary

The sales of luxury homes in Calgary continues to rise according to the latest reports. According to the Calgary Herald, sales surged 24% from last year, suggesting wealthy buyers have a lot of confidence in the Calgary real estate market. Up to August there were 291 single-family MLS sales over $1 million this year compared with 234 for the same period in 2010 and 18 luxury condos sold year-to-date in the upper-end price bracket, compared with 11 in 2010. The softening of the real estate market is believed to be the cause since depreciation has brought prices down to where more buyers can purchase. If you're in that income bracket, this might be a great time to check our MLS listings and buy a million dollar home (and find…

Nicole Vidallo on August 24 wrote:

Just a quick note.

The mortgage market is buzzing with the news of various lenders increasing their variable rates.  So far RBC and TD have both moved up their variable rates from P-.65% to P-.45%.  We are getting word that ING Direct and a few other lenders will follow later this week or next.

This will not affect clients that already have a mortgage or mortgage approval.  But those of you house hunting should be aware.

Compliments of:

Nicole Vidallo
Estate Mortgage Group
Mortgage Associate
cell 403 561 0329
office 403 264 2252
fax 403 264 2291
email: nicole.vidallo@gmail.com

Take a look at the latest Million Dollar Homes in Calgary.

Calgary Neighbourhoods with Most New Listings

The way to find your dream home in the best neighbourhoods in Calgary is to keep an eye on which have the most new listings and how long they are on the market. The northwest area of the city is where many Calgarians want to live. However, the prices are a little higher. The views and quality of life in NW Calgary is very attractive. If you're investigating Calgary now, you should know that NW Calgary is highly residential with lots of park space and it's the closest to the Rocky Mountains. This is where the University of Calgary is located, Market Mall, and the LRT runs up through the area. NW Calgary has a lot going for it for families with lots of schools and recreational facilities.

Last month, July…

Calgary Real Estate Sales Trending Upward

New stats for July reveal a positive trend for home and condo sales in Calgary. CREB stated that single family and condominium sales totaled 11,798, a 5% increase over the first 7 months of 2010. But while the sales trend is up and interest rates are expected to stay low for the foreseeable future, the picture for August may not be as bright. The European and US economic markets have sputtered and many Calgarians are wondering how this upheaval, volatility and possible retraction will affect their plans to buy their first home or upgrade to another home.

Sanon Sante, the president of CREB said in the most recent report that “The recent rise in average days on market, especially in the single family…