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Houses To Buy In Calgary – Get Informed Before You Buy
Copyright (c) 2008-2023 Lynn MacKenzie
The average sale price of a single family home in Calgary increased by $72,000 in 2007 compared to the previous year while the average price of a condo increased by almost $53,000. The average price for a single family home in Calgary for 2007 was up 17.94 percent from 2006 averaging $472,000. What should we expect in 2008?
There will be a 5 per cent drop in single family listings in Calgary compared to that of 2007 and sales will also drop by 5 per cent. The average single family home should increase by 5 per cent to approximately $495,800.
There will be a 5 per cent drop in listings in the Calgary condo market compared to that of 2007 and condo sales will drop 5 per cent as well over 2007. The average condominium price should rise by 6 per cent to approximately $335,300.
It is expected that listings in towns surrounding Calgary will drop by 5 per cent over 2007 and sales will drop by 5 per cent as well over 2007. The average price for these communities should rise by 5 per cent to approximately $396,000.
The way listings are fluctuating it is predicted that the first part of 2008 might be a bit of a roller coaster ride but should move closer to normal market conditions.
Why did the house prices in the Calgary real estate market soften?
Simple, supply and demand. Closer to the end of 2007 Calgary's listing inventory exceeded 5.5 months of supply. This means that if there were the same number of buyers as in the past month it would take 5.5 months to sell what's on the market. Normally is takes about
2-3.5 months to sell the average home. This increase in inventory has made it a strong buyers market in the second half of 2007.
Many buyers planned to take advantage of the real estate boom by purchasing new construction condos and houses to buy in Calgary. With in influx of properties on the market buyers could be more selective when deciding to purchase. This hesitation and the increase number of properties has slowed down the resale real estate market. We've seen builders lowering their prices for units below what they were priced at for the previous year.
It is speculated that over forty percent of properties listed for sale on the Multiple Listing Service are either vacant or tenant occupied. This indicates that a lot of investors don't want to remain investors anymore.
Lynn MacKenzie is a former realtor and owner of http://www.MyCalgaryListing.com, one of Canada's most impressive FSBO resources. Lynn is an active consultant and author about the growing For Sale By Owner industry
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Top-Level Category: Real Estate Articles
10 Most Recent Articles Written by Lynn MacKenzie
Selling Your Home On Your Own? FSBO Tips You Need To Know
Written by: Lynn MacKenzie |
Distributed: 2008-02-25 |
Word Count: 616 |
Page Views: 3672
| Votes: 6 |
Rating: 1.83
With more and more people considering selling their home without
the help of a real estate agent, this list of FSBO tips provides
a quick overview of some of the many tactics that can make a
difference when selling FSBO.
Is Downtown Condo Living For You?
Written by: Lynn MacKenzie |
Distributed: 2008-02-22 |
Word Count: 462 |
Page Views: 6300
| Votes: 10 |
Rating: 1.70
In the last year there has been an increase in the number of
buyers moving into downtown condominiums. With the closeness of
amenities and affordable prices it's easy to understand why
buyers want to live in a condo for sale in Calgary. Many buyers
see condo living as an attractive option because of the traffic
congestion nightmares, the longer commuting times and the ever
increasing construction of the Calgary roads.
Where's The Apartment Rental Vacancy Rate Going in Calgary?
Written by: Lynn MacKenzie |
Distributed: 2008-02-21 |
Word Count: 507 |
Page Views: 3754
| Votes: 10 |
Rating: 1.30
It appears that the rental vacancy rate in Calgary is dropping
and it looks like things are returning to normal levels. The last
18 months or so was a stressful time for renters but it looks
like its pretty much over. Canada Mortgage and Housing is
forecasting a vacancy rate for Calgary in 2008 for rental
properties of lease 2 percent but they predict that it could be
even higher.
All of Author's Articles on this site: Lynn MacKenzie Articles
Most Recent "Real Estate" Articles
Amendments to Construction Lien Law in New Jersey
Written by: Steven Nudelman, Esq |
Distributed: 2011-07-25 |
Word Count: 1136 |
Page Views: 5706
| Votes: 5 |
Rating: 0.40
Based on a report issued by the New Jersey Law Revision
Commision, a revision to the Construction Lien Law was
signed by Governor Christie in January, 2011.
Saving Time and Money Working with a Real Estate Buyer's Agent
Written by: Darrell Self |
Distributed: 2010-05-06 |
Word Count: 926 |
Page Views: 4038
| Votes: 6 |
Rating: 0.83
Consumers interested in residential real estate too often
make the mistake of answering a "homes for sale" ad rather
than carefully hiring a buyer's agent to protect their
interests and to help them make the best purchase for their
needs, tastes, and finances.
How To Buy Real Estate in Mexico
Written by: Fernanda Rodriguez |
Distributed: 2009-10-15 |
Word Count: 1059 |
Page Views: 4332
| Votes: 10 |
Rating: 2.50
Buying property in Mexico has become more popular every
year. Whether you would like to purchase a vacation home or
are planning on retiring there, owning real estate in Mexico
is easy and safe. With its incredible natural resources,
rapidly improving economy and modern facilities and
infrastructure, Mexico is the place to make your dream home
a reality. This article will answer most of your questions
about buying real estate in Mexico.
Tips About Vacation Villas In Chianti, Tuscany
Written by: Teresa Cambi |
Distributed: 2009-10-15 |
Word Count: 512 |
Page Views: 3529
| Votes: 8 |
Rating: 2.25
Travelers who enjoy wine, food, beautiful scenery and a
relaxed pace will love Chianti. Not only is the region home
to its namesake wine which is one of the most beloved and
popular wines in the world, but it is also home to some of
the most characteristic farmhouses and villas in Tuscany.
Find The Right Property For Sale In Tuscany
Written by: Alice Migliorini |
Distributed: 2009-10-14 |
Word Count: 529 |
Page Views: 3628
| Votes: 11 |
Rating: 2.36
All the basics as far as real estate are essentially the
same. If you are buying a condo in Miami or a property in
the rolling hills of Tuscany you follow the same road. The
road just meanders a little bit more when you deal with
purchasing a house in Italy rather than the US.
Sarasota Florida: Top Ten Reasons to Visit in 2009
Written by: John C Allen |
Distributed: 2009-08-04 |
Word Count: 877 |
Page Views: 4861
| Votes: 20 |
Rating: 2.30
An abundance of visitors from around the world visit
Sarasota each year to enjoy all of the amenities this small
city on the Gulf Coast of Florida has to offer. Each year,
Sarasota's warm climate attracts "snowbirds" down to the
Sunshine State for its high season from January through
March. Visitors and residents alike enjoy the city's
internationally recognized cultural amenities matching those
of the nation's largest cities. A world-class destination,
Sarasota, Florida has many reasons to live, work and play in
this gorgeous coastal setting.
Longboat Key Florida: How to Make the Most of Your Visit
Written by: John C Allen |
Distributed: 2009-07-30 |
Word Count: 625 |
Page Views: 4929
| Votes: 19 |
Rating: 2.63
Longboat Key Florida is an 11-mile long island that borders
the Gulf of Mexico to its west and the calm waters of
Sarasota Bay on to its east. The 8,000 permanent residents
of Longboat Key live in a variety of residential styles from
condominiums, townhouses, small single-family homes to
luxury waterfront estates. While providing activities such
as beachcombing, walking, swimming and fishing, the Key is
manicured and secluded allowing a relaxing lifestyle.
Longboat Key is known throughout the world for its
outstanding beaches, sweeping water views, excellent dining,
great weather, luxury lifestyles and don't forget the
sensational sunsets.
Lake Toxaway Homes for Sale - Your Dream Home Away From It All
Written by: Alan Nilen |
Distributed: 2009-04-30 |
Word Count: 472 |
Page Views: 3606
| Votes: 6 |
Rating: 3.17
Lake Toxaway NC provides quiet living away from it all, with
natural beauty wherever you look. It's the perfect place to
live, to retire, or just to own that summer home that takes you
away from the hustle of your busy life.
Buying Property In Italy On The Cheap
Written by: Fabrizio Giglioli |
Distributed: 2009-02-24 |
Word Count: 511 |
Page Views: 5119
| Votes: 9 |
Rating: 2.11
An Italian property expert offers invaluable tips on
where to buy the cheapest properties in Tuscany.
Home Financing in a Foreclosure-Heavy Market
Written by: Cory Shrader |
Distributed: 2009-02-24 |
Word Count: 936 |
Page Views: 4110
| Votes: 17 |
Rating: 2.47
Getting a home loan from a bank is becoming more difficult with
each passing day in today's home marketplace. But, what if you
have a good deposit now and you need a home now, not five years
down the line or whenever the housing market picks back up? Do
you have any options? In short, yes.
Most Viewed "Real Estate" Articles
FHA Loans- Affordability Solutions for First Time Homebuyers
Written by: Jared Martin |
Distributed: 2008-06-05 |
Word Count: 1131 |
Page Views: 8954
| Votes: 29 |
Rating: 3.10
This article discusses the features of the FHA loan, both good
and bad, and presents the circumstances under which it’s a
beneficial program to the homebuyer.
Understanding The Due On Sale Clause On Your Home Mortgage
Written by: Cory Shrader |
Distributed: 2009-02-04 |
Word Count: 1835 |
Page Views: 7919
| Votes: 25 |
Rating: 3.20
The Due On Sale Clause is among the most frequently misunderstood
and most-feared legal terms in American contractual law. In this
article, we are going to take a look at what it is, what it is
not, and how to avoid violating it.
Is Downtown Condo Living For You?
Written by: Lynn MacKenzie |
Distributed: 2008-02-22 |
Word Count: 462 |
Page Views: 6300
| Votes: 10 |
Rating: 1.70
In the last year there has been an increase in the number of
buyers moving into downtown condominiums. With the closeness of
amenities and affordable prices it's easy to understand why
buyers want to live in a condo for sale in Calgary. Many buyers
see condo living as an attractive option because of the traffic
congestion nightmares, the longer commuting times and the ever
increasing construction of the Calgary roads.
Residential Builders Need to Re-create the Leave it to Beaver Lifestyle
Written by: Catherine Wilson |
Distributed: 2006-07-31 |
Word Count: 566 |
Page Views: 6025
| Votes: 21 |
Rating: 2.62
Do you ever wonder where the neighborhoods went that held the
picket fences, window boxes brimming with flowers, uniquely
designed houses, sidewalks, canopied streets shaded with 100 year
old oak trees, front porches, swings and homes placed close
enough so that neighbors can be neighbors? In our fast paced,
electronic, motorized world a simpler way of live is one that
many desire.
Finding Irish Castles for Sale
Written by: Patricia G. McKinney-Lins |
Distributed: 2009-01-20 |
Word Count: 635 |
Page Views: 5801
| Votes: 19 |
Rating: 2.11
It is possible to find an Irish castle for sale. If you are
determined, patient, and have the resources, you can buy a castle
in Ireland. If you do the research and are committed to the
project, you can own a very special property!
Amendments to Construction Lien Law in New Jersey
Written by: Steven Nudelman, Esq |
Distributed: 2011-07-25 |
Word Count: 1136 |
Page Views: 5706
| Votes: 5 |
Rating: 0.40
Based on a report issued by the New Jersey Law Revision
Commision, a revision to the Construction Lien Law was
signed by Governor Christie in January, 2011.
Buying And Selling a Home During a Credit Crunch
Written by: Cory Shrader |
Distributed: 2009-01-27 |
Word Count: 1580 |
Page Views: 5681
| Votes: 15 |
Rating: 2.07
As President Obama is taking office, many people who had hoped to
buy a home in 2008 or 2009 are stressing as to whether a bank
will be found, which will finance a home purchase.
Is Renting Better Than Buying, In This Economy?
Written by: Mark Felder |
Distributed: 2006-07-19 |
Word Count: 315 |
Page Views: 5260
| Votes: 10 |
Rating: 1.80
With the real estate market changing dramatically in the past few
years and some regional markets more than doubling in property
value, is it a good time to buy property? Consider the factors:
real estate has increased in value while interest rates have
dropped to record lows.
Ten Questions to Ask Your Realtor When Buying a Home
Written by: Craig Elliott |
Distributed: 2007-10-10 |
Word Count: 619 |
Page Views: 5160
| Votes: 10 |
Rating: 1.50
When buying a home, the questions you ask your realtor are
crucial. Your realtor is assisting you with an important
financial matter, so you need to be sure that the decision is in
your best interest. The following are ten questions you should be
asking as you are working with a realtor or before you hire them
to assist you.
Buying Property In Italy On The Cheap
Written by: Fabrizio Giglioli |
Distributed: 2009-02-24 |
Word Count: 511 |
Page Views: 5119
| Votes: 9 |
Rating: 2.11
An Italian property expert offers invaluable tips on
where to buy the cheapest properties in Tuscany.
Highest Ranked "Real Estate" Articles
Why Parties Engage in Real Estate Litigation
Written by: Austen Koberstein |
Distributed: 2007-01-09 |
Word Count: 712 |
Page Views: 4377
| Votes: 8 |
Rating: 3.25
Owning a home is a big part of the American Dream. For many
people, this will be their ultimate investment. Therefore, it is
no wonder that homeowners do not blink twice when it comes to
protecting their most valuable possession. These days, real
estate litigation is to the property owner, what the mamma bear
is to her cub.
Understanding The Due On Sale Clause On Your Home Mortgage
Written by: Cory Shrader |
Distributed: 2009-02-04 |
Word Count: 1835 |
Page Views: 7919
| Votes: 25 |
Rating: 3.20
The Due On Sale Clause is among the most frequently misunderstood
and most-feared legal terms in American contractual law. In this
article, we are going to take a look at what it is, what it is
not, and how to avoid violating it.
Lake Toxaway Homes for Sale - Your Dream Home Away From It All
Written by: Alan Nilen |
Distributed: 2009-04-30 |
Word Count: 472 |
Page Views: 3606
| Votes: 6 |
Rating: 3.17
Lake Toxaway NC provides quiet living away from it all, with
natural beauty wherever you look. It's the perfect place to
live, to retire, or just to own that summer home that takes you
away from the hustle of your busy life.
FHA Loans- Affordability Solutions for First Time Homebuyers
Written by: Jared Martin |
Distributed: 2008-06-05 |
Word Count: 1131 |
Page Views: 8954
| Votes: 29 |
Rating: 3.10
This article discusses the features of the FHA loan, both good
and bad, and presents the circumstances under which it’s a
beneficial program to the homebuyer.
Las Vegas Real Estate: High Stakes or High Gains?
Written by: Mark Felder |
Distributed: 2006-08-09 |
Word Count: 243 |
Page Views: 4105
| Votes: 12 |
Rating: 2.92
Las Vegas Real Estate has certainly become a buyer's market in
recent months, especially for condominiums. Real estate investors
grabbed property at just about any cost during the real estate
boom this past year, boosting prices 137 percent over 2000
levels, states USA Today's Noelle Knox...
Real Estate Investing: Real Estate - The Hidden Investment
Written by: Robert Wade |
Distributed: 2006-07-07 |
Word Count: 303 |
Page Views: 3925
| Votes: 17 |
Rating: 2.88
With REITs and 1031 Exchanges, real estate investing can be
confusing landscape. But It's also a fun and challenging
opportunity. What exactly is it, and why has it made so many
millionaires in this latest boom?
Closing on Your Home
Written by: Clint Wooley |
Distributed: 2007-01-08 |
Word Count: 430 |
Page Views: 4244
| Votes: 18 |
Rating: 2.83
The closing process of purchasing a home can be one of the most
confusing parts. This article is an attempt to help first time
home buyers understand the basics of the process to settle fears
and anxieties about the process.
Longboat Key Florida: How to Make the Most of Your Visit
Written by: John C Allen |
Distributed: 2009-07-30 |
Word Count: 625 |
Page Views: 4929
| Votes: 19 |
Rating: 2.63
Longboat Key Florida is an 11-mile long island that borders
the Gulf of Mexico to its west and the calm waters of
Sarasota Bay on to its east. The 8,000 permanent residents
of Longboat Key live in a variety of residential styles from
condominiums, townhouses, small single-family homes to
luxury waterfront estates. While providing activities such
as beachcombing, walking, swimming and fishing, the Key is
manicured and secluded allowing a relaxing lifestyle.
Longboat Key is known throughout the world for its
outstanding beaches, sweeping water views, excellent dining,
great weather, luxury lifestyles and don't forget the
sensational sunsets.
Residential Builders Need to Re-create the Leave it to Beaver Lifestyle
Written by: Catherine Wilson |
Distributed: 2006-07-31 |
Word Count: 566 |
Page Views: 6025
| Votes: 21 |
Rating: 2.62
Do you ever wonder where the neighborhoods went that held the
picket fences, window boxes brimming with flowers, uniquely
designed houses, sidewalks, canopied streets shaded with 100 year
old oak trees, front porches, swings and homes placed close
enough so that neighbors can be neighbors? In our fast paced,
electronic, motorized world a simpler way of live is one that
many desire.
How You Can Benefit from All The Foreclosures
Written by: Bob Johnston |
Distributed: 2008-11-05 |
Word Count: 957 |
Page Views: 3751
| Votes: 13 |
Rating: 2.54
Foreclosures are at an all time high and people are getting
scared. One look at the markets over the last few weeks will tell
you the tale. Is it possible that a person could actually prosper
in times like these? Are there opportunities in the foreclosure
market that we are missing? It is possible; there have been many
people who started their fortunes during tough economic times.
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