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January 2013

Found 8 blog entries for January 2013.

The multiple listing service is a database of homes for sale. The MLS ® is owned by CREA, the Canadian Real Estate Association located in Vancouver BC. It is a nationwide system allowing agents from across the country to access details about homes listed.  Not all homes for sale are listed on the MLS®. Some sellers prefer to try to and do it on their own and some sellers would rather not let the public know that they are selling their homes. This has happens a lot with high end million dollar homes. You can search for multimillion dollar luxury homes and estates right here on my site.

These listings are contributed to the MLS® system by participating real estate brokerages such as CIR. Brokerages consent to allow their listings to appear on other

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The latest Calgary home sales stats reveal somewhat of a surprise: sales and new listings are up compared to last year. Total sales are up 17% and average sales price has risen a strong 12%.  And homes are selling 13% faster this January.

New home construction is also on the rise, revealing the swell of optimism about the city's future. However, with Calgary's population growth at a brisk pace there are some relevant concerns about affordability in Alberta. The average home price rose from $383,000 to $432,000 this January. The outlook for the world economy is stable and that means continuous demand for energy. We're all getting more certain of this and that's why migration into Alberta and Saskatchewan is so high.

Single family home sales are up by

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Oprah in Calgary

Trying to win the 'husband of the year' award, I decided to buy my wife & her friend a pair of Oprah tickets up close & personal on the floor for her Calgary show. The plan sort of ‘backfired’ on me when my wife's girlfriend was unfortunately unable to attend and my wife asked if I would go with her as her date to the show instead. I of course said yes but thought that I just might be the only guy in the Saddledome. LOL. I did know that Oprah obviously is a very powerful person and of course she would have some interesting things to say, but I really figured it was going to be geared more towards women and that I might not have as much fun as I would like to.
   
 
I will be the first to admit that not only did I have fun but
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You've heard lots about Canada's top growth city and you're wondering, should you move to Calgary? It's always a gamble to take that leap of faith and start your and your family's life in a new location. Calgary is special though, worth that risk. 

There is an air of unrelenting optimism that makes life here so pleasant and rewarding. If you're feeling stuck where you live and in your current job, this is a city that gives everyone a fresh start at living the life they envisioned for themselves. The Calgary unemployment rate is down to around 4.3% too.

Calgary really is the city where dreams are possible and realisation of them is more likely.  Once your family seriously begin to investigate life out here in the West, they'll be convinced that your

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Latest Mortgage Rates

Can Canadian mortgage rates rise if US rates don't? New US taxes should suppress economic growth in the US ridding any possibility of inflation problems. If the US has dodged its fiscal cliff issue, then we may be in for a stable period for mortgage holders and a positive period for the real estate market in general?

Despite our Fed's attempt to suppress the market, it looks like affordability and supply will be an issue in Calgary. The real estate bubble isn't likely at all and the housing market forecast remains healthy. TD Canada Trust expects stable market conditions for early 2013 “as tighter mortgage rules loosen their grip on market trends and low interest rates lure homeowners back into the market.”  Mortgage rates are

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Just one more stat to show how well Alberta's economy is faring right now. New home construction starts in Calgary surpassed 12,000 for the year 2012. It's a far cry from the 2006 record of 17,000 but still better than 2011.  While the rest of Canada suffers through the Flaherty eclipse, our market is looking great.

CMHC believes construction of new homes in the greater Calgary area will fall to 11,900 starts in 2013. The squeeze on land in the city may be responsible. The province's plan for growth and development may need to be revised to accommodate the expected growth in Calgary.

Read more on the latest mortgage rates, most expensive homes in Calgary, and the 2013 housing forecast.

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Calgary's Best Neighbourhoods

Avenue Magazine publishes its list of the best Calgary Neighbourhoods based on their survey of their reader's preferences. The factors they cite as being key are low crime, good commute times and pedestrian-friendliness. "Pedestrian friendliness" is one of the strangest since very few people actually walk anywhere these days.

Judging the best neighbourhood in the city is really a subjective matter. A good many people love the parks around the city and what is the value of a view of the mountains? This wasn't even included in the survey. I think those who live west of Sarcee Trail and those in the NW section of the city such as Tuscany, Citadel, Rocky Ridge, Royal Oak, Silver Springs and Hawkwood who will tell you they

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With the rest of Canada's economy held down in part by the Federal Government's ill-timed suppression of the real estate market, Alberta is strong enough to withstand it.  Although new listings dropped by 13% in December 2012 compared to December 2011, sales actually rose 6%. The average home sold for $429,000, up more than $19,000 from last year.

“Calgary’s housing market has finally started to recover,” said Ann-Marie Lurie, CREB®’s chief economist. “While prices remain shy of the highs recorded in 2007, this is a move in the right direction.”

Overall sales for 2012 was up 15%. The energy sector and rising in migration to Calgary are cited as the main factors for this amazing growth. Buyers are looking at the longer term when buying properties, but

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