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June 2013

Found 4 blog entries for June 2013.

Calgary Jobs – Strong Growth in May

Consistent with growth in many areas of Canada, Calgary showed particularly good results.  The strong upward trend in new job creation bodes well for real estate in Calgary.

Calgary Job Market & UnemploymentAcross Canada, an increase of 20,000 was expected, but surprisingly, there was an increase of 95,000. That was the highest monthly increase in almost 10 years. Most gains were in part time employment.  There were losses of full time jobs in the oil and gas sector, healthcare and manufacturing. The increases were in retail, food, and accommodation. So, it’s not all rosy however it is a positive trend, particularly good for summer students looking for employment. 

In Alberta, the economy created almost 19,000 jobs in May.  As more people came

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Calgary Housing Starts Increase in MAY

New home construction CalgaryThe new home construction market is heating up a little. This was both in the single detached and multi-family markets which lead the sales increase in Calgary and across Alberta. The moderate growth rate is consistent with seasonally adjusted averages.

Across the province, there were 41,438 new homes started. This is the first time since the recession started that the rate has risen above 40,000 new starts. The upward trend over the last few months is a pretty clear sign the market is heating up.  An increase in the local labour force is contributing to confidence among buyers and increasing the number of buyers considering purchasing a home. This may start a trend of more potential buyers getting off the fence

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After the record breaking 4th quarter of 2012, you might expect the market to cool and surprisingly, it hasn't. In the first quarter 2013, there were 115 commercial property deals which is consistent with long term deal velocity.  The dollar amount of commercial real estate transactions however was down to 50% of the previous quarter. There were 17 $10 million plus deal in the 1st quarter. That is down from 29 deals in the 4th quarter of 2012.

Condo Apartment Sector Looks Hot
  The condo apartment sales trends are positive and more is happening. According the recent RealNet Commercial real estate report, the apartment market had almost 70 million in transactions compared to just $13 million in the 4th quarter of 2012.Calgary Condo Apartment Market   It was the residential…
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The community of Panorama Hills in the Northwest area of Calgary is a wonderful area to live. Shopping, schools, parks, recreation centres, access to major highways, and beautiful modern homes are just some of the features that make this community stand out. See homes for sale in Panorama Hills now.

The chart below displays sales stats for Panorama Hills during the last 13 months. As you can see, prices have really jumped. From April 2012 to last month, the average sales price is up about $89,000!  That's incredible, but then it is a popular place to call home. There were plenty of new listings last month. Take a look at the Panorama Hills MLS listings and see if any of them look good. Give me a call for a viewing: 403 921-7355.

Month Inventory
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