It’s from a few months ago, but I thought it still worth drawing readers’ attention to: here’s an article from January’s Financial Post positing that so-called stubborn sellers are preventing a burst real estate bubble in Canada. It’s a good read.

Now this doesn’t really speak specifically to Calgary’s situation – we continue to set sales and price records, and I continue to work my butt off – but it does say something about the market’s health nationally. Sales are down in much of the country, yet prices aren’t really dropping. Without finding themselves suddenly underwater like so many unfortunate souls in the U.S., Canadians aren’t motivated to drop their selling price to move their properties quickly, and that means the market as a whole is remaining pretty stable. Barring a massive wave of unemployment or interest rates jumping up several points overnight, the spectre of a bursting real estate bubble in this country is, in my opinion, wildly overhyped.

Just one man’s opinion, of course, but it’s hard to see the future as dire when I so rarely get a day (or night) off.

Another of the city’s more populous neighbourhoods, the 22 year-old community of Coventry Hills is home to nearly 16,000 people, with a well above-average median income and a large number of families (almost a third of all residents are under the age of 19). Located in Calgary’s north-east, Coventry Hills is near the northernmost limit of the city. However, having Deerfoot Trail, Sarcee Trail, and Country Hills Boulevard on its borders, commuting time is less than you might expect, which somewhat explains the popularity of this suburban community.

Children in Coventry Hills attend one of five elementary schools, four junior highs, and three high schools in the public, separate, and private systems. Represented by the Northern Hills Community Association, residents have access to community garden plots, inspirational speaker events, and other activities. The northern location also has easy access to Crossiron Mills shopping centre, including restaurants and a state-of-the-art movie theatre.

It’s nice to see that, notwithstanding the record-high prices and country-leading growth Calgary’s real estate market has been enjoying, it remains among the most affordable markets in the country.

“Well, that’s weird,” you say. “How could a highly-valued market also be an affordable one?” Easy: despite some revenue dips, Alberta’s still rocking and rolling on the economy front. Our version of a ‘tough times’ budget would be welcomed with open arms in many other provinces, especially Ontario and BC, which are the two other biggest provinces for real estate sales. In the article cited above, RBC’s Affordability Index listed bungalows in Calgary at requiring just under 39 percent of an average household’s pre-tax income; in BC, that number is 82 percent.

Many of us make good money for honest work in Alberta, and we like to put it into our homes. Fortunately a middle class family here can afford to do that without having to live on just 18 percent of our gross. That kind of Alberta Advantage helps to make up for snow in May, doesn’t it?

Calgary’s oldest neighbourhood, Inglewood was established along the Bow River in 1875. Its obviously central location means its in the heart of everything: while Fort Calgary was, you know, a fort when Inglewood was first established, now it’s a perennial tourist attraction; Inglewood is also near the Zoo, plenty of shopping, the downtown core, natural walking areas, and Spolumbo’s!

Home to nearly 3500 people, Inglewood is a bustling community with a lively arts and culture scene. The Inglewood BRZ – slogan: Calgary’s Original Main Street – runs an up-to-date website listing all the happenings and opportunities in the area. The Inglewood Community Association features a three-room hall available for rental to residents.

Median income is close to the city’s average, around $60,000 per year, and nearly half of all residents are in the 25-44 age range.

To see homes available in Inglewood, do a Quick Search.

To get a complete market report on Inglewood, or any other neighbourhood you are interested in, use our quick and easy market report request.

Yet another good news article about Calgary’s real estate market: we saw more than a 10 percent jump in sales from March to April, as opposed to the national trend going down more than three percent in the same period. And this is just the beginning.

Spring is obviously the time new home developers start churning out properties, and despite what the noisemakers might have you believe, there is plenty of land already approved for community growth. New home builds will probably be plentiful, and marketing aggressive. As housing prices continue their steady climb upwards, we can expect lots more existing properties to go on sale with some people looking to move up, and others downsizing.

If you’re thinking about making a move, it’s a good time to sell – prices going up – but also a good time to buy thanks to the copious inventory. Things usually aren’t so balanced, but so it goes in Calgary. I can help you sort it all out – contact me for more information.

The growing community of Glenbrook, part of Calgary for nearly 60 years, offers both a glorious mountain view and a mere 8 kilometre commute downtown. Residents enjoy the facilities offered by nearby Optimist Park, a rustic community hall with an outdoor hockey rink, and close access to a variety of stores and services.

Within the boundaries of Glenbrook, there is a full array of public and private school options for kids up to the junior high level; older children must travel a short distance to neighbouring communities.

Median incomes in Glenbrook is a bit below the city’s average, which makes sense given that the majority of its residents are young (a full third are between 25-44) and unmarried. Most of Glenbrook’s real estate offerings is made up of single family dwellings, with an active rental market.

To see our Glenbrook listings, view our Featured Listings.  To see homes available in Glenbrook, do a Quick Search.

To get a complete market report on Glenbrook, or any other neighbourhood you are interested in, use our quick and easy market report request. 

4506 Richmond Rd Sw

Good holding property for future building site. Lots 3 and 4. Newer windows and furnace. Currently rented for $1195 per month. Tenants have been given notice to vacate. Close to schools, shopping and transportation.

To view full listing details visit our webpage.

The Calgary Real Estate Board monthly reviews the market to determine a benchmark price, which is the price of a typical single-family home in the city (as opposed to an average, which can be skewed when properties like Iginla’s mansion sell). The benchmark price in Calgary for April hit just under $453,000, which snatches the record high from 2007’s booming jaws. The Calgary Herald did a good job running down many of the factors influencing Calgary’s staggering market growth, but what makes me happy is how organically the growth is occurring: there’s no oil boom making people lose their minds or lax regulations letting anyone and his dog qualify for a mortgage. Instead, it’s simply our city being an attractive place to live and work, and there being more jobs to go around then elsewhere.

April was the best sales month I’ve had in my 13-year career, and while each month likely won’t be able to top the last, there are no signs of things slowing down. This is a good time to sell your home – a sellers market – so don’t be shy about giving me a call to explore what your home might be worth.

North Glenmore Park is one of Calgary’s older neighbourhoods, having been established in the city’s southwest in 1959. It is home to about 2400 people, in just over a square kilometre of area. The majority of residents are in the 45-54 age range, making a median income of about $65,000.

North Glenmore Park is both well-connected and well-serviced. With quick access to both Crowchild Trail and Glenmore Trail, commuting to nearly any part of the city is relatively easy. Residents have close access to both Chinook and Westhills shopping centres, Heritage Park, the Rockyview hospital, and Mount Royal University. Also a plus is the busy community centre run by the North Glenmore Park Community Association, housing a dance studio, gymnasium, offices, and a boardroom; some residents of the nearby community of Lakeview are also permitted to join North Glenmore’s community association and use the facilities.

The neighbourhood is served by a full array of schools, and counts about 22 percent of its population as being under the age of 19.

To see our North Glenmore Park listings, view our Featured Listings.  To see homes available in North Glenmore Park, do a Quick Search.

To get a complete market report on North Glenmore Park, or any other neighbourhood you are interested in, use our quick and easy market report request.

There’s been some talk lately about why Calgary’s market isn’t booming like it did in 2006-07, when our employment and population growth is similarly exceptional now. While there may be some truth to self-proclaimed experts’ notions that homebuyers are a bit more cautious than they used to be, and that stricter mortgage rules are proving to be a greater barrier to entry in the market, the fact is that I have more listings right now than I have at any one time in my career, and things show no sign of easing up; I’d better go buy some more key boxes. House prices in Calgary are growing at three times the national average (and our commercial real estate market is performing better than anywhere else in the world). This is the best place to be selling a home in the country (and not only because my dad and I work here).

Of course, enthusiasm must be tempered, both to maintain a little perspective and to add a little variety to newspaper articles. But the fact is we are in a great, enviable position right now with a market that’s growing at a healthy and sustainable pace, and that looks to continue on the same path for the foreseeable future. The bidding wars we were seeing a few years ago aren’t nearly as common, yet houses aren’t sitting on the market for months at a time either; buyers are motivated but not bloodthirsty. This is a good thing. Give me a steady upward march over boom-and-bust craziness any day of the week.