SOLD in 11 days.
My happy cleints received an offer on their home within the first few days of listing their home.
After the conditions were removed - SOLD in 11 days!!
106 Morningside Point - fully finished walk-out basement with a suite
Why not make it Airdrie
"Everything I Touch Turns To SOLD!"
The NEW me.
Alberta's housing market has continued to outshine the national average whether it's in home prices, sales or affordability. However, one expert is using a different term to describe the highly popular Alberta mortgages.
Todd Hirsch, economist with ATB Financial, recently told Sun News Network that the housing market in Alberta is balanced. He added that in February, homebuilders began construction on 33,337 homes, up from 29,300 when compared to January and flat when compared to each month last year.
In its heyday of 2008, Alberta was adding nearly 50,000 homes each month, and Hirsch said that's too much. Once the recession sank its teeth in during 2009, the housing market essentially collapsed.
"Since that time, things have improved," Hirsch said. "Even though 2011 was another boom year for Alberta's economy, homebuilders showed a bit more constraint – housing starts climbed their way back to the five-year average, but never spiked too much higher than that. This time around, builders have avoided a glut of inventory on the market."
A separate report by TD economics showed that western Canada had stronger economies, better unemployment rates and more home sales when compared to eastern Canada, with Alberta mortgages driving growth.
The economy in Alberta continues to grow, buoyed by population and job growth, along with increasing consumer spending.
The Redford government recently issued a report expecting that Alberta's economy will grow 2.9 percent throughout 2013 on a year-over-year comparison. The report said that despite reliance on oil, which is seeing prices fall, other factors will help boost the economy.
Strong improvements and in consumer spending and a robust housing climate are helping drive Alberta's economy forward. The report expects unemployment to remain flat at 4.5 percent throughout the year.
"We've seen some very good growth indicators in terms of housing starts, construction activity and especially net interprovincial migration," Ben Brunnen, chief economist with the Calgary Chamber of Commerce, told the Calgary Herald. "So while we'll probably see a bit of a pullback in the energy sector and the companies are probably going to be investing a little bit less, we will see growth from that population increase."
The Canadian economy as a whole grew 0.2 percent in January, after showing gains of 0.3 percent in December, according to the Macdonald-Laurier composite.
With the latest Redford government available, report those buying a home in Alberta can expect to see similar gains each month throughout the remainder of the year.
There are many words used to describe the Canadian
housing sector at the moment, including “bubble,” “overheated”
and “dangerous.” Most of those worrisome terms
are in reference to residential markets in Toronto and
Vancouver. But here in Alberta, the best word to describe
the housing market is: balanced.
In February, home builders started construction on 33,337
new houses throughout our province. This figure is
seasonally adjusted and reported at annualized rates (i.e.,
the number of homes that would be built in one calendar
year if the current pace continues for 12 months). That’s up
from the 29,300 total in January, and mostly on par with
activity over the last year.
But over the last five years in Alberta, home builders have
been on a bit of a rollercoaster ride. With starts peaking
above 50,000 during the heady days of 2008, too
many new homes were being placed on the market.
When the economic slowdown came the following
year, housing starts tumbled sharply—as did the
selling price for both new and existing homes. There
was an excess of real estate that caused the muchdreaded
bubble.
Since that time, things have improved. Even though
2011 was another boom year for Alberta’s economy,
home builders showed a bit more constraint—
housing starts climbed their way back to the 5-year
average, but never spiked too much higher than that.
This time around, builders have avoided a glut of
inventory on the market. As a result, Alberta’s housing
market enters 2013 in excellent balance.
Sandy Beach Park The name of this park is something of a misnomer because you might expect it to have sand and/or a beach, but it has neither. What it does have lots of are picnic areas and plenty of barbecue pits too. This is pretty much one of the best places in Calgary in which to enjoy a picnic.
Edworthy Park This is yet another park in Calgary with plenty of picnic tables, fire pits and barbecue areas. Douglas Fir Trail and Lawley Gardens also add to the beauty of the park and provide a great backdrop to a day of fresh air and food with your nearest and dearest.
Stanley Park This is one of the most popular parks in Calgary so get here as early as you possibly can in the day if you want to have any hope of getting a picnic table. Elbow River is very close by and there's even a public pool for you to enjoy when the weather turns just a little bit warmer.
Bowness Park In addition to plenty of picnic amenities this park also has the Parkside Café for you to snack at, especially if you want to eat al fresco but don't like actually preparing the food for a picnic. There's a lagoon inside the park and you can rent a paddleboat to make the most of it.
Living in Calgary means that you'll find yourself spoiled for choice when it comes to parks to get out and about in to enjoy some fresh air and sunshine with your friends and family.
Spring is trying to peek out and soon will be in full swing. Enjoy our city parks for some fun and perhaps a picnic.
This spacious energy efficient walkout, fully finished bungalow, has spectacular mountain and countryside views. The home is constructed with passive solar heating and solid concrete ICF (Insulated Concrete Form) foundation, floor to ceiling, including the suspended slab on the main floor. The hot water in floor heating system extends into the massive attached double garage as well as the entire upper and lower levels of the home. Triple pane windows, on the west side of the home, add to the energy efficiency, offering the amazing views of the world famous Canadian Rocky Mountains. The acreage includes a large, solid, 50'x37' character barn with spacious hay loft. This is the perfect opportunity for a small horse facility, with agricultural zoning it provides endless possibilities. There is also potential for a 2.1 acreage subdivision. Commute easily to Downtown Calgary by car or Commuter Bus in 60 minutes! This acreage is a unique invitation to rural living.
Another wonderful lisitng with CIR Realty
PRICED TO SELL QUICKLY!! This beautifully designed executive home is a steal at this price as it needs a little TLC. Not a penny was spared: This house has every upgrade imaginable. The main floor offers 9 ft ceilings, tons of huge windows, fabulous porcelain tile & maple hardwood flooring, a high efficiency wood burning fireplace, upgraded maple cabinetry, granite countertops and high end stainless appliances. The upper floor includes a bonus room with built in custom office cabinetry, a laundry room and 3 bedrooms including an amazing master suite! The master walk in closet features custom built-ins and an ensuite that must be seen to be appreciated! The fully developed walkout basement has 9 ft ceilings, a full bath and super large windows. This house has it all including sunny south exposure, a high efficiency furnace, hot water heated floors on the main and basement levels, a water softener, a vacuum system, wired everywhere for theatre sound, and don't forget the oversized triple attached garage!
Great Value for the Right Buyer - Another CIR REALTY listing
