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Calgary Real Estate News

Calgary homes come in a variety of shapes, sizes and costs.

Condominium

Condominiums (also called “condos”) are a type of ownership rather than a type of home. Most commonly, condos exist in multi-unit buildings. These buildings might consist of only a handful of units or they could be high-rise towers. The idea is that you own the condo unit, but not the rest of the building or the land. You pay monthly fees to a condo corporation that handles maintenance and repairs as required. Condominiums are attractive to first-time homebuyers because they are usually one of the less expensive options.

Townhouse

A townhouse is a home attached side by side to a series of other homes. Each unit has its own outside entrance but shares a common wall.

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Calgary, March 2016 – February sales totaled 1,127 units in Calgary, a 6.63 per cent drop over last year and 37 per cent lower than long-term averages for the month. City wide unadjusted benchmark prices totaled $445,000 in February, a 0.63 per cent decline over January and 3.45 per cent lower than levels recorded last year.

Calgary has seen employment fall for eight consecutive months, while unemployment rates have reached levels higher than the previous recession, said Lurie, adding that these conditions are expected to persist over the next several months. While the number of new listings in Calgary continues to fall, inventory levels have remained elevated at 5,681units. Overall, market conditions continue to favour the buyer with five months of

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Slow sales activity and inventory gains place downward pressure on prices..

Calgary, Feb. 1, 2016 – Calgary’s housing market is starting 2016 firmly in buyers’ market territory, much the same as last year ended. The recent slide in energy prices has raised concerns about near- term recovery prospects for the city. Energy market uncertainty and a soft labour market are weighing on many aspects of our economy, including the housing sector.

January sales totaled 763 units, 13 per cent below last year and 43 per cent below long-term averages. While new listings declined by 16 per cent compared to January 2015, the number of new listings far outpaced the sales, causing inventory gains. January’s city wide months of supply levels rose above six months.

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Elevated supply levels placed downward pressure on prices in December.

With the focus shifting toward the holiday season, December sales activity slowed to 878 units in the city, 18 per cent below last year at this time and well below the five and 10-year averages. As a result, the unadjusted benchmark price dipped to $448,800, a 0.42 per cent decline over the previous month and 2.33 year over year. December followed a pattern established early on in 2015, which was characterized by slower housing demand.

Economic uncertainty, followed by weak economic conditions and job losses, contributed to slowing housing demand throughout the year. While aggregate prices trended down in 2015, it was not to the same extent as some had speculated. Supply levels

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Dec. 1, 2015 – Persistently high inventory levels within Calgary real estate residential resale housing market, combined with weak sales activity, contributed to buyers' conditions in November.

Monthly sales totaled 1,263 units, a 28 per cent decline from last year and nearly 20 per cent below the 10-year average. The amount of new listings in the market increased by five per cent over last November, and moved five per cent above 10-year average. The combination of both soft sales and elevated listings caused months of supply to rise above four months. It represents the third consecutive month that housing supply in the city has remained near four months, which is an indicator that supports buyers’ conditions.

Calgary has continued to post job

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New listing for sale in Sherwood Calgary.

Sherwood is a community in the nw Calgary. Its located near the north edge of the city, it is bounded by Sarcee Trail to the west, the Nolan Hill community across 128 Avenue N.W. to the north, the Kincora community across Shaganappi Trail to the east, and the Hamptons community across Stoney Trail to the south.

Beacon Heights condo complex is located at 1540 Sherwood Bv NW. This complex is a mixture of rental apartment complex and residential complex. Building 1000 is strictly a residential complex with 258 units from a 1 bedroom to 2 bedrooms unit and ranging from 500 sqft. to 900 sqft with underground parking. Resident here enjoy the nearby amenities (Beacon Heights) such as Costco, Canadian Tire, Best

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Sales activity remains well below long-term averages Elevated inventory levels in October contributed to a second consecutive month of price declines in Calgary’s resale residential housing market.

Benchmark prices declined 0.7 per cent from the previous month, and 1.2 per cent from the same time last year, to $453,100.

Persistent weakness in the overall economy continued to impact housing demand in Calgary as October sales were nearly 16 per cent below long-term averages.

In addition, new listings did not decline enough to prevent inventory gains and, ultimately, price contractions.

The steepest declines occurred in the apartment sector, where the benchmark price fell to $288,300, a 0.8 per cent decline from September and nearly four per cent

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Calgary real estate, October 2015 - Following four months of relative stability, unadjusted benchmark prices eased as expected in September to $456,100, a 0.26 per cent decline compared with last year. Most of this aggregate moderation was due to price declines in the apartment sector brought on by higher-than-average inventory levels. Overall sales activity relative to new listings caused a softening in absorption rates, which resulted in inventory gains and ultimately placed moderate downward pressure on pricing. Calgary homes for sales in the city totaled 1,448 units in September, well below typical activity levels for this time of year.

Year-to-date Calgary homes sales remained below both the five- and 10-year year averages by a respective 10 and

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September 2015 - Calgary’s real estate residential resale housing market recorded further easing in absorption rates in August due to weaker sales activity. Sales in the city declined by 27 per cent to 1,643 units last month relative to the same time last year and 12 per cent below 10-year averages. Persistent weakness in the energy sector weighed on sales activity this month, which once again retracted to levels well below the norm for the city.

Residential unadjusted sales-to- new-listings ratio eased from 67 per cent in July to 60 per cent in August, contributing to a monthly rise in inventory levels to 5,146 units of Calgary homes for sale. Combined with weaker sales activity, months of supply pushed up to 3.13 months. While every price range

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Re/Max, CREB Certified Condominium Specialist