Single-detached starts in Calgary for January increased 31 per cent compared to January 2012 said the Canada Mortgage and Housing Corporation (CMHC) in its Housing Now report.
“New single-detached construction in Calgary remains robust as new inventories and active listings in the competing resale market have declined and rental vacancies remain relatively low,” stated the report.
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While housing markets in Central Canada have “shown signs of fatigue over the past six months,” a new report from TD Economics said the Calgary market is experiencing “positive momentum”.
Detailing the vast differences in major markets coast to coast, the TD report singled out Calgary as “the lone shining star in Western Canada’s real estate market”.
Read more: http://tinyurl.com/conta23
A RealNet Canada Inc. report says Calgary’s 2012 commercial market saw an 80 per cent increase in investment compared to 2011.
Throughout 2012, the city saw 445 transactions over $1 million for a total of $4.84 billion.
Read more: http://tinyurl.com/bw7rgph
Total residential sales for the month of February 2013 totaled 1,711 units, a one per cent decline over the previous year. Accounting for the leap year in 2012, activity in the single family market resembles last year’s activity. However, even with one less day in the February 2013 figures, condominium sales have made significant gains increasing by 13 per cent relative to February 2012.
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Part of an ongoing community investment fund that will invest $252 million from 2012 to 2016, the second round of The City of Calgary’s 2012 Capital Conservation Grants saw over $1.6 million allocated to 46 community associations and social recreation organizations to support more than 80 projects around the city.
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Housing starts in the Calgary Census Metropolitan Area (CMA) were trending at 11,622 units in January, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of total housing starts.
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The provincial government is asking Albertans to share their views on how to better legislate the development, purchase and operation of condominiums.
The Alberta government is conducting an online survey with an eye towards a possible amendment to the Condominium Property Act. The province says it wants to ensure the Condominium Property Act reflects the current needs of Albertans and addresses new trends in the condominium market.
Read more: http://tinyurl.com/a8qo2un
CALGARY — House prices in Calgary for repeat home sales dipped slightly in January in line with a trend across the country.
The Teranet-National Bank National Composite House Price index, released Wednesday, said prices in Calgary were down 0.1 per cent from the previous month and nationally they were down 0.3 per cent, the fifth consecutive monthly decline.
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East Village is on its way to becoming one of Calgary’s most sought after neighbourhoods.
“Starting this year it’s fast forward again, it hasn’t slowed down at all actually which is really great,” said Susan Veres, vice president marketing and communications for the Calgary Municipal Land Corporation (CMLC).
“We finished the year last year (and) interest in the remaining parcels of land was really quite high so our focus last year and this year will be on commercial development, less on the multifamily side.”
Read more: http://tinyurl.com/c7gajbg
Growth is the key word in a report outlining Calgary’s office, industrial, commercial and multi-residential sectors from one of Canada’s leading fully integrated real estate organizations.
In Morguard’s 2013 Canadian Economic Outlook and Market Fundamentals Research Report, Calgary was singled out as one of the best markets in the country, with the organization predicting even more expansion in the coming year.
Read more: http://tinyurl.com/cx9abje