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Tagged : Calgary home prices

Found 4 blog entries tagged as "Calgary home prices".

Calgary Real Estate & The Falling Price of Oil

Home Prices & the Fall In Oil Prices

 January 13 2016: 2015 was a challenging year for businesses, and the Calgary real estate market wasn't immune to lower oil prices and the resulting downturn in the economy.

The falling price of oil impacted sales of Calgary property as well as home values across most price ranges. Nonetheless, some Calgary homes sold for more last year than they would have in 2014.

Between 2011-2014, the price of detached Calgary homes increased by 20% as WTI oil sold for an average price of $94 per barrel.

In the space of just over a year the price of oil has fallen by 70%, trading today at just over $30/bbl. These are price levels not seen in 12 years, 40% lower than the average 2015 price of $49/bbl .

Price of WTI Oil 2011 thru 2015


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Calgary Real Estate: May Review

Calgary real estate stats: May 2014

 May was another big month for the Calgary real estate market, with a record number of home and condo sales in the city.

In addition, while the number of home listings is nearly 12% lower than the same time last year, listing inventory for homes has finally started to increase. This is expected to continue through the summer months. Listing inventory for Calgary condos is now 10% higher than last June.

Demand for Calgary property continues to be stronger than anything seen since 2006, with the highest demand seen in homes priced under $700,000 and condos listed for under $500,000 (less than 2 months of listings). *See Figure 1 & 2 below*

Ann-Marie Lurie, chief economist with the Calgary Real Estate Board,

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Calgary Real Estate Market Growth

 "Pay attention. Something's happening here" is what Don R Campbell, well known Vancouver author & president of the Real Estate Investment Network says about the Calgary real estate market.

Campbell is paying attention to the reports coming out showing positive economic news for Alberta and Calgary. Good economic growth. In-migration levels rising. And employment growth leading the way in Canada.

Campbell has long held the view that real estate booms are preceded by predicable market cycles. Initially a market sees GDP & job growth, followed by an inflow of population. This is followed by increased rental demand coupled with decreased vacancies & rising rents, and ultimately rising purchase demand for home & condos and increased property prices. 

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Calgary Property Assessments: Fact or Fiction?

Calgary Property Assessment According to the 2010 Calgary property assessments the city mailed out January 4th, Calgary property values dropped by 13% from the previous year.

Clients often call me this time of year questioning their property assessment. The city's assessment process confuses many property owners, who often believe their Calgary home or condo is worth far more or less than the posted assessed values.

Let's be clear about one thing: city property assessments have no relationship to the current market value of Calgary property. The 2010 annual property assessments reflect the estimated market value of property as of July 1, 2009 and include any physical changes that have occurred up to December 31, 2009. The

3,640 Views, 2 Comments