Calgary Real Estate Blog

The Calgary Real Estate Board (CREB) released its annual forecast for 2013 today, predicting a market that continues to grow but at a slower pace than 2012’s levels. Taking into account employment trends and constraints on the oil sector, CREB suggests we can expect sales in Calgary to grow 2.2 percent this year, with house prices going up nearly three percent.

In their 2012 forecast, CREB predicted a 12 percent sales increase, with prices going up two percent; we ended up with a nearly 19 percent sales jump and a 2.3 percent rise in prices.

Apartment Style Low Rise Condominium

Superb value here. Why rent? Seriously, with 20% down your mortgage payments would be just $667 per month (at 3.09%). This could also make an excellent investment opportunity. This foundation-level apartment is not on the Elbow Drive side, but on the quiet back side with north and west exposures. Bright spacious interior with big windows that have recently had security window film installed ($1,500 value). The kitchen has been updated too. The condo board is active, and has recently freshened the exterior with new windows and siding, and is in the midst of renovating the interior with new doors, carpet, and paint. Just a short 10 minute walk to the train station, and only 20 minutes to downtown during rush hour (train or car). Near all major amenities, including groceries and Chinook mall.

Visit my webpage for more photos and full listing details!