According to figures released today by CREB® (Calgary Real Estate Board), Calgary residential sales in 2011 increased eight per cent over last year, with 18,568 sales for 2011 compared to 17,267 in 2010.

“The strength in our economy, combined with affordability levels that outperform most major centers, will continue to attract migrants to the city and spur further growth in our Calgary housing market.”

Job and net migration growth fuel housing demand in Alberta.

Calgary’s housing market set to outpace 2010 - Several Calgary Communities Get a Boost in Sales and Price.

A real estate report says Calgary has good investment and development prospects for the future.  

In October, MLS sales in Calgary month-to-date up to and including Monday have reached 505 single-family units and 181 condo units. For the same October 1-16 period in 2010, there were 421 single-family home sales and 148 condo sales.

“The caveat is that real estate is a long-term investment . . . . If you’re willing to sort of ride out the bumps in the markets, long-term we’ve always seen gradual increases of anywhere between three and six per cent annually.

“Calgary continues to add full-time jobs to the economy, and migration is moving in the right direction. These are positive factors that will give momentum to our housing market and give wind to the sails of Calgary’s economy.”

“With Calgary’s energy sector slated to grow, it is expected to lift the city’s employment, income and in-migration, and in turn help contribute to growth in the resale market. We expect price growth to improve as we approach the end of 2011 and move into 2012.”

Housing market update

Calgary housing market on the road to recovery - Market improvements driven by clients looking for value. 

The Real Estate investor, Don R. Campbell talks about what a $300,000 investment can you get across Canada and shares some great investment tips. 

"Nonetheless, we believe that the growing economic opportunities in Alberta will be once again a magnet for immigrants and migrants from other provinces, which will heat housing demand in the coming year. This will be one of the factors supporting continued strong overall growth in Alberta,” says RBC

INNER CITY HOUSING MARKET LEADS IN SALES - Buyers find value in inner city communities.

“All in all, the positive investments we are seeing in the energy sector and our economy will begin to translate into improved job prospectsand growth for Calgary. This will help contribute to a stronger demand for housing and a stable real estate market,” adds Stante.

"...gradual recovery will continue to be driven by the single family market for the better portion of the year."

REAL ESTATE BUYERS and INVESTORS!!! If you are sitting on the fence deciding when the right time to purchase a home in Calgary is - the time is NOW!! Please read Don Campbell's blog and what his research has revealed.  

Calgary’s real estate market is currently classified as being under balanced conditions.

If you are wanting to sell a Condo under 300K, now is the time! Buyers are looking for less expensive condos in the SW.  Click here for the story.

Single-family home sales and average prices were up in February compared with a year ago

Average MLS sale price to hit $401,000  

I feel it is important for both you and I to have access to all of the up-to-date information that pertains to Calgary's always changing Real Estate market. Click here for the January 2011 CREB Statistics.  

The Calgary Real Estate Board's forecast conference and tradeshow was held yesterday here in Calgary - things are looking up! Please click here to review their economic outlook and regional forecast for 2011.

The Canadian Real Estate Association is concerned that changes to mortgage rules will force Canadians to buy homes through the traditionally slow winter market rather than waiting until the spring.

EMPLOYMENT AND MIGRATION NEEDED TO SHAKE OFF WINTER CHILL - Low Interest Rates and Affordability to Support Housing Recovery in 2011

http://www.calgaryherald.com/business/Optimism+Alberta+oilpatch+2010+ends+strong+seen+three+years/4044448/story.html?cid=megadrop_story

http://www.urbanlivingcalgary.ca/page_content-2.html

http://www.urbanlivingcalgary.ca/page_content-2.html

CREB Statistics September 2010  /siteFiles/File/Sept%202010.pdf

http://www.calgaryherald.com/business/Calgary+condo+sales+continue+downward+trend/3551060/story.html

http://www.theglobeandmail.com/report-on-business/economy/housing-bubble-or-no-bubble/article1699666/

/siteFiles/File/August%202010.pdf

http://www.calgaryherald.com/business/Resale+market+pick+steam/3289447/story.html

http://www.calgaryherald.com/business/real-estate/Crummy+June+sees+home+sales+slide/3230920/story.html

http://www.urbanlivingcalgary.ca/page_content-2.html

http://www.calgaryherald.com/business/Investment+report+ranks+Calgary+Canadian+real+estate+markets/3111466/story.html

http://www.urbanlivingcalgary.ca/page_content-2.html

http://www.calgaryherald.com/business/real-estate/Alberta+only+province+improved+housing+affordability+2010/3067820/story.html

http://www.urbanlivingcalgary.ca/page_content-2.html

http://www.calgaryherald.com/business/real-estate/Calgary+real+estate+listings+soar+March/2909904/story.html

Early Rise in Mortgage Rates to Boost Calgary Housing Sales Improved economic outlook and job prospects to be a bigger factor in the long-term   Calgary, April 1, 2010 – Calgary’s housing market enjoyed a healthy boost in March as homebuyers anticipate an earlier than expected rise in interest rates, according to figures released today by the Calgary Real Estate Board (CREB®).   The number of single family homes sold in March 2010 in the city of Calgary was up 29 per cent from the s ... Full Article...

Zoocasa.com is a new, innovative way to search for homes in Canada. Combining listing information and mapping technology provided by Google Maps, Zoocasa.com allows users to personalize their search experience and discover community, demographic and lifestyle information to help them choose the right home. http://www.zoocasa.com

http://www.theglobeandmail.com/report-on-business/economy/jim-flaherty-unveils-new-mortgage-rules/article1469432/