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All Blog Entries by John Mayberry

Found 176 blog entries published by John Mayberry.

Calgary Condo Market New data from Urban Analytics shows sales for new construction condos and townhouses in Calgary were on the rise from the beginning of December all the way through the first two months of 2017. According to the latest numbers, total new construction multi-family home sales have jumped 11% from December 1st of last year up until the end of February of this year compared to that same time frame a year ago.  

When it comes to condo units specifically, increases were registered in both the concrete and wood frame segments of the market place, which is especially encouraging given Calgary has seen very few units delivered to the market over the last 12 months or so. In all, 95 concrete apartment-style condos in Calgary sold from December 1st through the end

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Luxury Calgary Housing MarketReports have surfaced that suggest the luxury real estate market in Calgary has stabilized a bit, which was a trend that really started to take off back in the middle and later part of 2016. According to new data reported in the Calgary Sun, all sales over $1 million, which includes condos, attached homes, and detached single-family homes, jumped by 19% back in 2016 compared to 2015, and in the early part of 2017, it appears this upward trend is continuing heading into the spring market.

Over the first two months of the new year, 64 properties were sold over $1 million, which is the same number of luxury properties sold over that same time period last year. Of 2017’s million dollar sales, 57 were detached single-family homes, while just 2 condos have been

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While last year was a tremendous year for our company, CIR Realty, 2016 was also another stellar year for our team, The Calgary Home Boys. When the dust finally settled and all the numbers were crunched, The Calgary Home Boys were honored to be named the #1 Producing Team at CIR Realty in 2016—a brokerage that currently employs 660 agents and continues to grow each and every year.

Overall, our top-ranked team registered 130 transactions and tallied $56,410,099.50 in total sales in 2016, and we're already off to one of our best starts ever here in 2017. So while we're humbled and grateful for having such tremendous success last year, we owe it all to our you, our clients, who continue to remain loyal and support us through all the ups and downs of

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Raise money for a great cause and have a little fun in the process. Everyone is welcome and first prize is $10,000! Over half way sold out already so sign up to participate in this year's charity poker tournament today!

Supporting local charities and organizations that benefit the community is a passion of ours, which is why we’re so thrilled to be a core sponsor of this year’s Children’s Wish Poker Tournament in Calgary.

For years, Children’s Wish has been granting Canadian children with life-threatening illnesses all sorts of different wishes that help bring joy to their lives during such a difficult time. In over 30 years, the Children’s Wish Foundation has granted over 25,000 wishes, with over 2,200 of those wishes going to children living right

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With the first couple months of 2017 now in the rear view mirror, the data from last year is now in, and it was quite a year for CIR Realty to say the least. Compared to 2015, company-wide sales increased in 2016, and as a whole, our brokerage continues to outperform the overall Calgary real estate market. Towards the end of the year, CIR’s sales for the month of September jumped nearly 8%, while CREB’s total sales market-wide only saw an increase of 2.06% compared to 2015’s numbers. Furthermore, over the first 9 months of the year, CIR saw a 1% gain in total sales volume, while the entire Calgary market actually saw sales drop by 8.52%. 

CIR is currently the largest independent real estate brokerage in Alberta, now with over 650 professional REALTORS®

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Buying a Calgary CondoIf you’re in the market for a new condo in Calgary, there may be no better time to buy than right now. According to new data from The Canada Mortgage and Housing Corporation, and a recent report from CBC News, about 1,500 new construction housing units are sitting vacant across Calgary, with over 800 of those units apartment style condos. 

Back in 2014, much of the Calgary area experienced somewhat of a building boom for condo units; but now just two years later, the market, and the economy in general, is anything but booming. But while the city’s economic struggles continue into early 2017, the surplus of new construction condos in Calgary presents a unique opportunity for anybody in position to buy. 

High inventory levels often lead to lower

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Calgary Resale Housing MarketRecently released data and analysis from CREB suggests new construction activity could see a slight increase in 2016, which is certainly a step in the right direction towards a much more balanced and stable market. But new construction isn’t the only segment of Calgary’s real estate market that could see improvement over 2016 levels. According to those same reports, demand for re-sale homes in Calgary could also be on the rise in 2017, even despite the market still being well below long-term trends. 

While it could take time for continued stability to set in, most economic indicators are projecting no further pullbacks in the Calgary resale housing market, according to CREB’s latest annual forecast. Detached home prices are only expected to increase by

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Attached Homes in Calgary While semi-detached homes and row homes are fundamentally similar in style, sales activity for each couldn’t have been more different in 2016. According to CREB, semi-detached sales increased by nearly 4% in 2016 compared to the previous year, but still well below sales levels seen during a booming 2014. Even still, the increase was certainly a welcoming sight for what was generally a pretty tough market overall in Calgary last year. 

Economists attribute the sales gains to a growing inventory in the $200,000 to $400,000 price range, but even improvements in the $600,000 to $700,000 price range were also recorded throughout 2016. Prices for semi-detached homes also dropped by 5.49% since the start of the recession, which likely also contributed to the

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New Homes in CalgaryIt’s been a challenging couple years for the new construction industry in Calgary, as pointed out in CREB’s recently revealed forecast summary that projects housing market and economic conditions for the year ahead. Housing starts around Calgary have been on the decline for the past two years, which to some degree has helped reduce swelling inventory. But as we look ahead to what we can expect in 2017, there’s still plenty of excess inventory left on the market, which should continue to influence home prices across the board. 

According to CREB’s research and analysis, the Canada Mortgage and Housing Corp. isn’t anticipating a drop in housing starts compared to 2016 levels, but new construction activity should still remain well below what’s considered

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Calgary Real Estate Market in 2017After CREB released their annual forecast summary for the year ahead, it seems that many of the economic challenges we faced in 2016 will continue to linger in 2017, even despite most analysts projecting a bit of a recovery over the next 12 months. Overall, unemployment rates are still high and migration levels continue to be weak, which typically results in a rather unstable housing market until we can reach conditions that are more favorable and balanced. 

Regardless of economic forecasts and market projections, however, many Calgary residents are still going to be buying and selling real estate in 2017, and if you're somebody who plans to be on the move sometime in the new year, here’s a brief look at what factors will mostly influence the Calgary

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