Category Calgary

Home prices remained stable in May

Demand for detached housing continues to rise Fueled by the detached sector, Calgary home prices trended up for the fourth consecutive month, but remain below 2014 highs. The economic climate is supporting detached housing market recovery, said CREB® chief economist Ann-Marie Lurie. “Improved demand and easing supply has created more balanced conditions and ultimately someRead More

Detached versus higher-density segments: two very different stories in August

Overall sales activity was down again in August, totalling 1,567. However, this figure does not reflect the big differences in activity between the detached sector, versus the high density apartment and attached segments of the market. “While overall sales have eased for detached homes, so too has the amount of new listings on the marketRead More

How to Navigate a Difficult Real Estate Climate

Real estate has its ups and downs, and it varies from year to year and city to city. One city may be a seller’s market in which multiple buyers are bidding against each other and often paying more than the asking price. Another city may have a lot of inventory and be a buyer’s marketRead More

How is Calgary’s Rental Market Doing?

With both the amount of vacancies as well as monthly rental rates rising in Calgary, securing the right property management company is more important than ever to ensure you get the most out of your investment. Fortunately, Mountain Park Real Estate has the experience required to address the many challenges of property management, including fillingRead More

State of the Union – Calgary Rental Properties

Calgary’s rental and investment property market is one of low vacancy and prices that, compared with other cities in Canada, are higher than average. Yet, one thing that many renters may not believe is that Calgary’s, and to a larger extent Alberta’s, rental prices are in line with average prices for consumer goods and theRead More

Calgary’s Housing Market Continues To Climb

Calgary’s real estate market is currently in a positive trend regarding overall property purchase numbers, with record setting sales amounts and prices filling a strong first quarter of 2014. Multiple factors can be attributed to the high demand, low supply market, although the key three factors driving the trend are economic stability, high migration ratesRead More

Calgary is the Perfect Place to Develop and Invest in Real Estate

Supply vs Demand One issue facing Calgary’s housing and rental market is the fact that in the current environment, demand far outstrips supply. It is not unusual for a single property, even in an “undesirable” location, to attract multiple bids at, or even sometimes above, listing price. This can be attributed to the high medianRead More

High Demand Dictates Increased Calgary Housing Market

Current Situation Low availability of housing in Calgary, paired with high demand for ownership, continue to push new and previously owned housing prices upwards, and create a high pressure market. While there is a solid trend towards small property ownership, with nearly 20% of current 2014 purchased being condominiums or townhouses, the housing market demandRead More

Investing in Calgary Property

Calgary is a diverse and vibrant city, with a wide array of possibilities for the individual or group looking to start property investment. There are three important questions, however, that the prospective investor should ask before looking into Calgary investment properties. Choosing Your Investment Property’s Location The largest part of any investment is attracting theRead More

Sales growth boosted by condominium activity

Calgary, March 3, 2014 – Following double digit gains last month, sales growth in the city of Calgary totaled 1,854 units, or an 8.68 per cent increase over the same period in 2013. Slower sales growth resulted in a reduction of listings in the single family sector. However, single family sales still totaled 1,230 units,Read More