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January 2017

Found 7 blog entries for January 2017.

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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Calgary Real Estate Market in 2017The Calgary Real Estate Board (CREB) just released its economic outlook for 2017, which in many ways was highly anticipated given Alberta’s broad economic struggles over the last couple years. Entering the new year, much of the region is experiencing high unemployment rates, a slow-moving housing market, and strictly tightened budgets among local consumers. But despite these and other challenges facing Calgary and the rest of Alberta, analysts and economists alike are still projecting somewhat of a recovery in 2017, only at a much slower pace than most of us would prefer. 

The good news for home buyers in 2017 is that home prices throughout Calgary and the surrounding area are expected to remain relatively unchanged compared to 2016 levels. Condo and

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Nolan Hill Calgary Townhomes For SaleNolan Hill is one of Calgary’s most desirable residential neighbourhoods, built on over 500 acres of Northwest Calgary’s beautiful natural landscape. But along with all the rolling hills, open green spaces, and seemingly endless selection of outdoor recreational amenities for residents here to enjoy, perhaps what really makes Nolan Hill a desirable option for anybody out there searching for a new place to live are all the various housing options this rapidly developing community has to offer. 

Outside of countless quality-built single-family homes, Nolan Hill also features one of the best collections of townhouse residences and row homes of any neighbourhood the entire Calgary area. Townhomes for sale at Nolan Hill are all equally as functional,

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