Calgary Real Estate

The Bonus Room

Confession Time About This Blog

Blogging has not been my strength and so this is officially a work in progress.  I have some big plans for the blogging page in the foreseeable future so I ask for your patience as I venture into this side.

Market Updates

2024 TOP TIER REAL ESTATE SPRING REPORT
Market Knowledge

2024 TOP TIER REAL ESTATE SPRING REPORT

Canada’s luxury real estate market eased into spring with modest sales gains across key metropolitan cities, as the dynamic between ...

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March 2024 Housing Market Update
Market Knowledge

March 2024 Housing Market Update

March reflects strong seller's market and price increases City of Calgary, April 1, 2024 – March sales rose to 2,664 units, a 10 per ...

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February Housing Market Update
Market Knowledge

February Housing Market Update

Low inventory and high demand drive price gains in February March 1, 2024 Rising Sales and New Listings | Despite a rise in new listings ...

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January 2024 Housing Market Update
Market Knowledge

January 2024 Housing Market Update

January sees strong sales fueled by boost in new listings February 1, 2024 Sales Growth | January sales saw a significant increase ...

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Style & Design

Things To Do This Month FOR FREE in Calgary

Posted by Steven Hill on Dec 12, 2023

Times Are Tough, But Finding Low-Cost Fun Shouldn't Be Here Are Things To Do This Month FOR FREE Legacy’s ...

10 Halloween Safety Tips For Your Home

Posted by Steven Hill on Oct 03, 2023

Home safety for trick or treaters As a responsible homeowner, making your property safe for young trick-or-treaters ...

RSS

Luxury Calgary Realtor Steven Hill Makes Clients Happy


We are very impressed by Steven Hill and his professionalism. He walked us throught the contract and legal details, ensuring we, as first time home buyers bully understood what we were signing. He went above and beyond, working outside of office hours and meeting us at a convenient location.

Steven's negotiation skills amazed us well beyond the initial purchase price of the house. THe whole purchaseing process was very fun and lighthearted and we knew we could trust Steven with the largest purchase of our lives. We highly recommend you call Steven to handle your house purchase or sale. We know we will be repeat clients in the future, as Steven treated us as if we were close friends.


Renee and Marcel

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Calgary Real Estate sales and average home prices continue to increase into 2014. Since last year, prices have risen by 9.6% year over year and 1.1% month over month. Factors driving our seller's market are affordability, net migration, a tight rental market, and employment growth. Long term interest rates remain low and stable, encouranging buyers to enter the market. Also, our affordability is one of the best in the country compared to other major centres. Employment tends to be the greatest factor in our Calgary real estate market. As the Statistics Canada report issued recently showed, Alberta is responsable for almost all the new jobs generated in the past year - 82,300 of the 94,700 countrywide, or 87% - as the province saw employment rise an impressive 3.8%. Our rental vacancy rate hovers around 1.0% which is also pushing more buyers into the real estate market.

According to Canada Mortgage and Housing Corp., the Calgary CMA rental vacancy rate is forecast to rise to 1.2% this year. The CMHC said the average rento for a two-bedroom place in the Calgary region was $1224 in 2013 and that is forcast to rise to $1280 this year.

Currently, we are sitting at about a 2 months supply of Calgary Home properties available for Calgary Home purchasers. We are anticipating this will increase with ore homes coming on the Calgary market in March-May. We also anticipate that there will be more Calgary new home construction in 2014-2015. Housing starts in January increased well above what was recorded in January 2013. According to Canada Mortgage and Housing Corp., there were 1328 housing starts in the Calgary census metropolitan area during the month, up 84.7% from January 2013's 719 units. That should take the burder off the lack of supply in the resale market. The forecasted sales growth in 2014 is anticipated to be anywhere from 3.5-5% - this makes investing in real estate a good decision with hope of fairly quick equity growth.

Condo sales have increased in the $2-300,000 price range as some buyers look to more affordable options. Since the beginning of the year, condo sales have increased by 15% since last year, and new condo sales have increased by 11%. This trend is expected to continue.

 

In summary, figuring out the what, when and how to buy in the Calgary Real Estate Market can pose a lot of questions. Feel free to contact me Steven Hill, Calgary Realtor directly anytime with anyCalgary Realty market questions you may have.

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Latest Blog Posts

2024 TOP TIER REAL ESTATE SPRING REPORT

Posted by Steven Hill on Apr 24, 2024

Canada’s luxury real estate market eased into spring with modest sales gains across key metropolitan ...

March 2024 Housing Market Update

Posted by Steven Hill on Apr 01, 2024

March reflects strong seller's market and price increases City of Calgary, April 1, 2024 – March sales ...

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The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.