housing recovery remains a work-in-progress
AU G U S T 2 017
REALTYNEWS CITY OF CALGARY
JULY 2017
DETACHED $554,544 LISTINGS SALES D.O.M.
1690 1018 38
ATTACHED $400,954 LISTINGS SALES D.O.M.
677 363 47
CONDOS $286,838 LISTINGS SALES D.O.M.
614 256 59
HOUSING RECOVERY REMAINS A WORK-IN-PROGRESS
Market sees modest inventory gains, but overall prices inch up City of Calgary, Aug 1, 2017 Sales exhibited
stable growth through the first half of the year in the Calgary housing market, but the number of transactions slowed slightly in July compared to last year. City-wide sales totaled 1,637 units, six per cent below July 2016 levels. Yearto-date sales activity totaled 11,957 units, nine per cent above last year. “Sales growth exceeded expectations so far this year. Clients were re-entering the market after delaying decisions until there were some signs of economic improvement,” said CREB® president David P. Brown. “However, this recovery will require patience. There continues to be many new and resale ownership options available. This reduces the sense of the urgency for many consumers.”
Easing sales were met with higher new listings, causing further gains in inventory levels. City-wide months of supply rose to four months, as inventory levels reached 6,675 units this month. This is 17 per cent higher than last year, but still below July highs recorded in 2008. “Modest improvements in the labour market and net migration were necessary to support the turnaround in the housing market,” said CREB® chief economist Ann-Marie Lurie.“However, current inventory levels and changes in the lending market continue to weigh on housing demand. Easing demand growth combined with elevated levels of supply will slow the pace of price recovery in our market.” Driven by detached and attached housing sales, city-wide prices in July
improved over the previous month and the previous year. However, it is nearly four per cent below previous monthly highs. Year-to-date benchmark averages remain 0.44 per cent below last year’s levels. Despite the current month activity, the detached sector continues to demonstrate conditions that are more balanced compared to last year. Apartment condominium product continues to face oversupply in the resale and new home sector, causing further price declines. In July, the apartment benchmark price was $266,200. This is a three per cent decline over last year and nearly 12 per cent below peak prices.
1. Calgary Tower
The iconic Calgary Tower is a staggering 190.8 meters high (626 feet). Stand on the glass floor observation terrace for a bird’s eye view of the Rocky Mountains and iconic Calgary landmarks. Admission: adult $18, senior $16, child (4-12) $9, children three and under are free.
2. Glenbow Museum
Western Canada’s largest museum and gallery features permanent exhibitions on Western and Indigenous cultures, military history, Asian artifacts, and a rotating selection of visiting exhibitions.Admission: adult $15, senior $10, youth (7-17) $9, children six and under are free.
3. Loose Moose Theatre
Located on the second floor of the Crossroads Market in the historic Inglewood neighbourhood, this theatre company presents weekly improvised comedy shows. Tickets: general admission $15, student $12.
4. TELUS Spark
The science centre houses four exhibit galleries, movies, planetarium shows in their HD Digital Dome Theatre, interactive activities, live science demonstrations, and more. Admission: adult $19.95, senior $17.95, youth (13-17) $15.95, child 3-12) $12.95, children three and under are free.
5. Olympic Oval
Explore this 1891 Victorian sandstone mansion, the former home of senator James Lougheed and his family. Relax in the Beaulieu Gardens or go for tea and a light meal in The Restaurant. Admission: adult $8.50, senior/student $6.50, child (six-12) $5, children under six are free.
7. Art Classes
The community-based Grasby Art Studio offers art classes and paint night events, as well as hosting several art shows a year. Their drop-in open studio offers instructed art classes from 10 am to 4 pm daily. $15/ hour includes instruction and supplies.
8. Butterfield Acres
The world-class, 450 meter ice surface at the Olympic Oval skating rink is open to the public, with equipment rentals available. Admission: adult $6.75, child/youth/senior (55+) $4.50, family $18, special needs (with assistant) $5.
EVENTS
6. Lougheed House
Enjoy an authentic farm experience from April to October at Butterfield Acres. Pet and feed farm friends, from chicks and bunnies to piglets and donkeys—you can even learn how to milk a goat! Admission: adult $13.99, senior $12.99, child $10.99.
SOURCE:WHERE.CA
THINGS TO DO IN CALGARY UNDER 20$
FEATURED LISTING
GLOBALFEST
AUG 15 - 26 | ELLISTON PARK
EXPO LATINO FESTIVAL
AUG 18 - 20 | PRINCE’S ISLAND PARK
SPRUCE MEADOWS MASTERS CSIO 5
FOR SALE: #106 16 VARSITY ESTATES CI NW
2017 HONENS FESTIVAL
Trendy one bedroom condo with a very functional layout in a great neighborhood. Large private patio, hardwood flooring throughout with tile in the bathroom, upgraded kitchen with stainless steel appliances, granite countertops, island and wine bar. Under ground parking, storage locker and a common area gym. A great place to call home!
SEP 6 - 10 | SPRUCE MEADOWS
SEP 7 - 10 | VARIOUS LOCATIONS SOURCE: VISITCALGARY.COM
MLS# C4105356 • Offered for sale at $289,900
Please check out our website for all the details on this trendy condo!
www.paraiwhyte.com/ActiveListings.php
REALTYNEWS CITY OF CALGARY
JULY 2017
DETACHED $554,544 LISTINGS SALES D.O.M.
1690 1018 38
ATTACHED $400,954 LISTINGS SALES D.O.M.
677 363 47
CONDOS $286,838 LISTINGS SALES D.O.M.
614 256 59
HOUSING RECOVERY REMAINS A WORK-IN-PROGRESS
Market sees modest inventory gains, but overall prices inch up City of Calgary, Aug 1, 2017 Sales exhibited
stable growth through the first half of the year in the Calgary housing market, but the number of transactions slowed slightly in July compared to last year. City-wide sales totaled 1,637 units, six per cent below July 2016 levels. Yearto-date sales activity totaled 11,957 units, nine per cent above last year. “Sales growth exceeded expectations so far this year. Clients were re-entering the market after delaying decisions until there were some signs of economic improvement,” said CREB® president David P. Brown. “However, this recovery will require patience. There continues to be many new and resale ownership options available. This reduces the sense of the urgency for many consumers.”
Easing sales were met with higher new listings, causing further gains in inventory levels. City-wide months of supply rose to four months, as inventory levels reached 6,675 units this month. This is 17 per cent higher than last year, but still below July highs recorded in 2008. “Modest improvements in the labour market and net migration were necessary to support the turnaround in the housing market,” said CREB® chief economist Ann-Marie Lurie.“However, current inventory levels and changes in the lending market continue to weigh on housing demand. Easing demand growth combined with elevated levels of supply will slow the pace of price recovery in our market.” Driven by detached and attached housing sales, city-wide prices in July
improved over the previous month and the previous year. However, it is nearly four per cent below previous monthly highs. Year-to-date benchmark averages remain 0.44 per cent below last year’s levels. Despite the current month activity, the detached sector continues to demonstrate conditions that are more balanced compared to last year. Apartment condominium product continues to face oversupply in the resale and new home sector, causing further price declines. In July, the apartment benchmark price was $266,200. This is a three per cent decline over last year and nearly 12 per cent below peak prices.
1. Calgary Tower
The iconic Calgary Tower is a staggering 190.8 meters high (626 feet). Stand on the glass floor observation terrace for a bird’s eye view of the Rocky Mountains and iconic Calgary landmarks. Admission: adult $18, senior $16, child (4-12) $9, children three and under are free.
2. Glenbow Museum
Western Canada’s largest museum and gallery features permanent exhibitions on Western and Indigenous cultures, military history, Asian artifacts, and a rotating selection of visiting exhibitions.Admission: adult $15, senior $10, youth (7-17) $9, children six and under are free.
3. Loose Moose Theatre
Located on the second floor of the Crossroads Market in the historic Inglewood neighbourhood, this theatre company presents weekly improvised comedy shows. Tickets: general admission $15, student $12.
4. TELUS Spark
The science centre houses four exhibit galleries, movies, planetarium shows in their HD Digital Dome Theatre, interactive activities, live science demonstrations, and more. Admission: adult $19.95, senior $17.95, youth (13-17) $15.95, child 3-12) $12.95, children three and under are free.
5. Olympic Oval
Explore this 1891 Victorian sandstone mansion, the former home of senator James Lougheed and his family. Relax in the Beaulieu Gardens or go for tea and a light meal in The Restaurant. Admission: adult $8.50, senior/student $6.50, child (six-12) $5, children under six are free.
7. Art Classes
The community-based Grasby Art Studio offers art classes and paint night events, as well as hosting several art shows a year. Their drop-in open studio offers instructed art classes from 10 am to 4 pm daily. $15/ hour includes instruction and supplies.
8. Butterfield Acres
The world-class, 450 meter ice surface at the Olympic Oval skating rink is open to the public, with equipment rentals available. Admission: adult $6.75, child/youth/senior (55+) $4.50, family $18, special needs (with assistant) $5.
EVENTS
6. Lougheed House
Enjoy an authentic farm experience from April to October at Butterfield Acres. Pet and feed farm friends, from chicks and bunnies to piglets and donkeys—you can even learn how to milk a goat! Admission: adult $13.99, senior $12.99, child $10.99.
SOURCE:WHERE.CA
THINGS TO DO IN CALGARY UNDER 20$
FEATURED LISTING
GLOBALFEST
AUG 15 - 26 | ELLISTON PARK
EXPO LATINO FESTIVAL
AUG 18 - 20 | PRINCE’S ISLAND PARK
SPRUCE MEADOWS MASTERS CSIO 5
FOR SALE: #106 16 VARSITY ESTATES CI NW
2017 HONENS FESTIVAL
Trendy one bedroom condo with a very functional layout in a great neighborhood. Large private patio, hardwood flooring throughout with tile in the bathroom, upgraded kitchen with stainless steel appliances, granite countertops, island and wine bar. Under ground parking, storage locker and a common area gym. A great place to call home!
SEP 6 - 10 | SPRUCE MEADOWS
SEP 7 - 10 | VARIOUS LOCATIONS SOURCE: VISITCALGARY.COM
MLS# C4105356 • Offered for sale at $289,900
Please check out our website for all the details on this trendy condo!
www.paraiwhyte.com/ActiveListings.php
