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February 2013

Found 6 blog entries for February 2013.

Just received an email from our Professional Development Manager Lindsey Smith. Apparently at last night's awards ceremony for Leading Real Estate Companies of the World, CIR REALTY won the Most Innovative Brokerage Award. That is amazing and just goes to prove how great the CIR company, or family as I like to call it actually is! Way to go everyone for continually stay on the cutting edge and being a part of the reason CIR Realty won this award.

Leading Real Estate Companies of the World® is a collection of over 600 of the finest residential real estate firms around the world, producing more annual home sales than any other real estate network.

CIR REALTY is Calgary’s largest independent agency with over 700 REALTORS® and Staff spread over four

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2013 Will be Strong Too - is 2014 Going to Be the Record Year?

2012 was an incredible year for commercial real estate sales in Calgary, The stats tell us that it was one of the best years ever. And the outlook for 2013 is for yet another period of high investment and building.

Will the commercial sales records spill over into the housing sector? The Calgary housing outlook is strong. Well, strong in-migration along with rising wages and continued low interest rates means demand is likely to begin booming. If interest rates begin to rise, buyers will probably begin clamoring to buy and lock in at lower rates. It doesn’t look like mortgage rates will rise anytime soon however. The national economy and the US economy just aren’t strong enough.

Why

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The Boom Continues in the Luxury Market

Sales in all Canadian real estate markets might be moderating, but within that trend is one countertrend --- luxury home sales. Sales of million dollar homes in Calgary, Toronto, Montreal were up year over year. In Calgary sales of luxury estate homes grew 20% from 2011. Sales in Toronto and Montreal were not quite as strong, but still in positive territory.

 

This year end stat shows that there were 544 million dollar+ homes sold last year. That trend is expected to continue as foreign investors sharpen their interest in Alberta properties. Calgary in particular is believed to be the place of interest for high end real estate investment.

Price Range 2011 2012
1,000,000 to 1,249,999 188
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BMO releases their Housing Forecast for 2013

Sal Guatieri, the Senior Economist, BMO Capital Markets is quoted as saying that "Home sales and housing starts will continue to moderate and prices will generally stabilize in most regions in 2013."  He believes the housing market is hitting its so called soft landing and this will continue throughout this year.  Low interest rates and the US Fed’s quantitative easing should keep a lid on longer term lending rates.

Guatieri also says “"In the year ahead, the housing market will be supported by moderate job growth, steady immigration, growing demand from echo boomers entering their prime first-time home buying years, and a gradual shift toward more single-person households."

He sees Alberta, particularly

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There's some good news coming out of the US lately and lots of optimism about later in the year and in 2014. President Obama can finally feel some relief.

The US market once flooded with foreclosed homes now doesn't have enough. Home prices rose 7.4% from last year and that was the largest gain in the last 6 years.

US housing starts could reach 970,000 this, up 24% from last year. That's well above the 550,000+ home started in 2009.  1.5 million home starts per year are considered normally so we're seeing a good trend back to normal levels. The housing market is critical to the health of the US economy and of course for Canada.

An ABC news report goes further to say that construction companies will hire 140,000 new workers this year compared to

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The spring is almost here and many prospective buyers are already dreaming of owning their first home. There's no doubt they'll be checking for homes and condos here on Calgaryhomeboys.com MLS listings and featured listings. The pictures they see will condition their expectations. Then when they actually make their first visit for a viewing, they'll have those first impressions confirmed.

Managing impressions is very important in real estate. When buyers get things stuck in their minds, it may be difficult for them to let go of them, even after they've had every reassurance. And, when you appeal to their senses and let them know right away that your home appears to be well maintained and looks clean, they've got no reason to get their guard up.

 

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