June sales consistent with typical levels

Posted by Nancy Ball on Monday, July 6th, 2015 at 6:03pm.

Thank you from Nancy!

Happy July!  Hope everyone has had a chance to take in some Calgary Stampede festivities! It's going to be another great year! I highly recommend the Superdogs show, it is great family fun and the dogs are so cute!

First, I would like to Thank You for all your support and kindness. It has provided me with the motivation to help me strive for my goals. It is with that motivation that I achieved # 3 Top Office Producer last month. I really appreciate all of you!

The Calgary market remains balanced and the drop in prices that consumers were expecting hasn't happened at this point. Buyers are taking advantage of low interest rates and a good selection of homes on the market. Overall, the Calgary residential market shows an increase in Benchmark prices of 3.31%, with a decrease in Average prices of 1.79%. 

Like statistics? Check out my July Real Estate Review on the lower left hand side of this email. I always say the numbers never lie and this is one way I study the Calgary market.

Enjoy the summer and the many activities and festivals it brings! Whatever you are doing, be safe!

Nancy

June sales consistent with typical levels


Calgary inventory levels ease

Calgary, July 2, 2015 - Despite the 18 per cent year-over-year decline in June home sales, for a total of 2,183 units, transaction levels remain only five per cent below the 10 year average for June and three per cent above levels over the past five years.

“We’ve seen less concern from consumers lately,” said CREB® president Corinne Lyall. “One of the main reasons is that we haven’t seen the worst case scenarios play out in the energy and housing sectors.”

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Calgary a top-10 city

The Huffington Post published in the spring a list of 10 cities that are frequently mentioned as innovators in addressing urban life issues— specifically, environmental, social, transportation and urban design.

While there were no real surprises in the list of cities identified and what they have accomplished or were attempting to accomplish, I was immediately struck that Calgary could and should be on the list. Yet again, Calgary flies under the radar of the international news media for the incredible work the public and private sectors have done to create a city with one of the highest standards of urban living in the world.

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Check your insurance policy before renting out your home, experts say

OTTAWA – Canadians looking to make a few extra dollars this summer by renting out their home or cottage when they aren’t using them should call their insurance broker first or face the risk a claim may be denied if trouble arises.

“Each company may have its own practices and insurance claims. If something were to happen you may be denied if you say you use your home for just your home and then all of a sudden they find out it is on an Airbnb or something like that.”

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Canadians continue to see home ownership as the best investment: survey

Canadians are reluctant to give up cash in their portfolios and see home ownership as the best investment, according to a newly released investor sentiment survey from Manulife Financial.

The survey shows Canadians are more conservative than Americans in their investments, which makes sense given the difference in economic growth outlooks between the two nations. Canada’s economic growth is picking up, but not as quickly as many economists expect, research shows, while the U.S. economy is rebounding more strongly. Canada’s main stock index has also underperformed the main U.S. indexes over the past year.

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10 habits you should pick up from your grandmother

Some of us romanticize the past, some of us brush it off altogether — but either way, there’s some good wisdom to be gleaned from generations that weren’t bombarded with consumerism, surrounded by chemicals and discombobulated by the crazy pace of the digital world. Yes, we’re talking about the “grandma era.” Known for its wealth of practical solutions, clean living and common sense, the women who forged the road before us were smart cookies. Here are some are some of our favorite grandmotherly habits that are too valuable to be lost.

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Simple de?cor updates can entice buyers

With active listings in Calgary’s resale housing market near all-time highs, you’re facing a lot of competition to sell your home.

A few updates can help, but before knocking down walls and replacing every appliance, several small renovations can create the best possible impression and get the highest resale value.

Try these simple home de?cor updates to revitalize your home and give it a fresh and impressive look.

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How To Avoid The Internet's Hottest Scam: Fake Vacation Rentals

The home-sharing economy is heating up. Inevitably, more and more of us have been getting fleeced on fake vacation rentals.

Vacation planning often begins with excitement, optimism and nowadays the Internet. The online search leads far into a world of glossy photos, descriptive blurbs and, of course, countless promises of customer satisfaction. Even if you’re not inclined to rent a stranger’s house, you may find that for the most popular destinations, traditional hotels are booked or inadequate. So renting a vacation home is a natural alternative. According to the Vacation Rental Managers Association, 24 percent of leisure travelers report having stayed in a vacation home, up from around 11 percent in 2008.

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April 2015 Statistics:

  Active Listings   New Listings  Sold *Last 30 days   Benchmark Price
*Last 30 days
Detached 3024 1774 1149 $510,200
Attached 1207 680 458 $353,300
Apartment      1348 610 350 $291,300

CREB Monthly Housing Summary April 2015
CREB Total Residential incl Town and Country April 2015 Statistics

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