Strong Sales Growth in July

Posted by Nancy Ball on Tuesday, August 27th, 2013 at 11:41am.

Hello Everyone,

Hope you are all having a great summer. Some interesting articles attached and a special thanks to Neel Roberts for the Calgary Herald article provided.

The Alberta flooding will show its impact in the next upcoming months but sales growth last month was stronger than year-to-date trends and long-term averages. That said, the Calgary Real Estate Board has stated that if new listing levels rise this could help ease tight market conditions. Basically if you are thinking of selling… now is the time to list and buyers are able to negotiate some great deals as more new listings enter the market. Even if you are curious and would like a free market evaluation please don’t hesitate to ask!

Anytime I can create more value to my clients I will do my very best. Referrals are always appreciated. Thanks to customer referrals I was able to help 9 families just in the past two months with their real estate needs!

Thanks again,

-Nancy

Strong Sales Growth in July  
Tight market conditions support upward price trend City of Calgary residential sales totaled 2,268 units in July, a 17 per cent increase over the previous year and up more than six per cent so far this year. The flood that devastated the Calgary area on June 20 likely contributed to pulling forward sales activity, said Ann-Marie Lurie, CREB® chief economist. » Click Here

Provincial flood recovery program will fund complete rebuilds, basement mitigations  
Newly announced details on flood assistance and mitigation should provide homeowners with the clarity they need to start rebuilding their lives, the provincial government said Sunday.

In the wake of the largest flood in Alberta history, the government announced a plan earlier this month to ban new development in floodways — the areas most at risk from so-called “100-year floods” — and encourage residents in borderline flood fringe areas to undertake flood mitigation measures to protect their properties. However, few details were available about what that would mean for homeowners.  » Click Here

Back to School: Desk Ideas
Since it's halfway into the summer holidays, and ads and sales are going up for Back To School items, I thought how would kids get excited about going back to school? Clothes, supplies shopping, friends, HOMEWORK!!! Granted homework is their least favourite thing about school, why not try to get them excited about it and build them a work/study area just for them!  I've collected some ideas from different sites with some awesome ideas that will even get that "satisfactory" student working harder in his own comfort space!   Let's see some ideas...  » Click Here

Calgary rental apartment vacancy rate the lowest in Canada
Calgary’s rental apartment vacancy rate is the lowest in the country with average monthly rents increasing the highest, according to Canada Mortgage and Housing Corp.

In its spring Rental Market Survey released Thursday, the agency said Calgary and Edmonton had the lowest vacancy rates in Canada in April at 1.2 per cent followed by St. John’s (1.5 per cent).

The major centres with the largest increase in fixed sample average rent were Calgary (7.2 per cent), St. John’s (5.5 per cent) and Regina (4.7 per cent), said the CMHC.  » Click Here

Dates to Remember - August 2013 Events
Aug 2 - 10 Calgary Fringe Festival
Aug 10 Afrikadey!
Aug 10 Chinatown Street Festival
Aug 10 - 11 Cgy Dragonboat Fest
Aug 11 MardaGras
Aug 14 - 17 Calgary Reggae Festival Society
Aug 15 Alberta Flood Aid Concert
Aug 15 - 18 Taste of Calgary
Aug 16 - 18 Edm Dragonboat Fest
Aug 16 - 25 GlobalFest
Aug 17 Japanese Festival
Aug 18 - 21 Alberta Gift Show
Aug 23 - 25 Expo Latino Festival
Aug 31 Calgary Highland Games
Sept 2 Labour Day
Sept 9 - 15 YYComedy Fest
Sept 15 Terry Fox Run
Sept 15 Bridal Expo
Sept 19 - 22 Home + Design Show
Sept 19 - 29 Cgy Int'l Film Fest

July 2013 Statistics
Calgary July 2013 Statistics
Town and Country 2013 Statistics

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