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January 2013

Found 3 blog entries for January 2013.

Modest Growth for Calgary Real Estate in the 2013


Calgary Housing - NEW HOME

New home starts surged in 2012, driven by low mortgage rates, strong employment and migration growth and declining supplies in the resale market.14 Housing starts are estimated to total 12,400 units in 2012, a 33 per cent rise over lacklustre 2011 figures. Starts activity was relatively weak throughout 2009-2011, and the renewed level of growth will bring starts in line with household formation estimates.

This year, the forecast 11,900 housing starts represent a decline of 4 percent compared to 2012. The decline is anticipated as multi-family builders reduce production levels in response to a higher number of units under construction, potentially driving up inventory.

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2012 seen an end to four years of weaker sales activity in Calgary Real Estate   Calgary, Jan. 2, 2013 – Residential real estate sales in the city of Calgary ended the year on a high note, with sales volume up 15 per cent in 2012 compared to 2011, and benchmark prices up five per cent.   Calgary’s housing market has finally started to recover, while prices remain shy of the highs recorded in 2007, this is a move in the right direction.
Much of the sustainable recovery is fuelled from the growth in the energy sector, spilling over into all aspects of our economy, including housing. There is no question employment and migration growth has supported housing demand, a trend that is expected to continue this year, albeit at a slower pace.
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 On the upside, there will be no increase to federal income tax rates or the Alberta tax rate in 2013.

Calgary, Alberta 

Water rates jump by 7.5 per cent

The flat rate for water rises from $62.87 to $67.58 per month on Jan. 1, with the metered rate increasing from $41.91 to $45.05.

Wastewater rates going up 13.5 per cent

Wastewater rates will also jump from $41.09 to $46.63, with the metered rate rising from $27.42 to $31.12 on Jan. 1. The monthly stormwater

drainage fee is also going up from $8.36 to $8.77

Residential Flat

Water     $4.71

Wastewater     $5.54  

Drainage Service Charge    $0.41

Averaged Total Increase on Monthly Bill  $10.66

Residential Metered

Water      $3.14

Wastewater     $3.70

Drainage Service Charge    $0.41


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Re/Max, CREB Certified Condominium Specialist