A blog cannot deal with all aspects of a subject and is not intended to replace professional advice. It's purpose is to highlight information and identify areas of possible interest. Anyone wishing to discuss this blog or to make any comments or suggestions about this blog is invited to do so by either posting comments or emailing me directly.

 

We have sold a property at 340 30 Royal Oak PZ NW in Calgary.
NO MORE RENTING! Third-floor condo in the "SALZBURG" building of the highly sought-after & distinctive "RED HAUS" in Royal Oak. This complex was built by one of Calgary's most respected multi-family builders: Streetside Developments. You'll fall in love with this original-owner condo with 9-foot ceilings, a large open-concept floor plan, a bright, easterly exposure ensuring plenty of light and privacy from the windows of other units. A rich, dark-stained maple kitchen features: BOSCH ceramic cooktop, built-in wall oven & dishwasher, tiled backsplash, sleek black refrigerator and over-the-range microwave, and a raised eating bar. The large bedroom features a full ensuite bath with convenient in-suite laundry (full-size & stacked). With titled, underground parking, titled storage, and gas BBQ hookup on the private, covered balcony, this unit comes with it all! This quiet condo complex has amenities galore: Fitness...
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We’ve made it to December, and here are the latest housing market updates for areas covered by the Calgary Real Estate Board (CREB)!


In their most recent market update and official press release, it appears that challenging economic conditions continue to impact the resale market within CREB.


Sales activity has shown a 14% decline for the year so far, and is nearly 20% below long-term averages.


According to CREB Chief Economist Ann-Marie Lurie,

“Recent challenges in the energy sector have weighed on consumer confidence over the past month. Combined with weakness in the employment market and further gains in lending rates, this is impacting ownership demand. Higher inventories and weaker sales are resulting in buyer’s market conditions and price declines.”


CREB President Tom Westcott also stresses the importance of being aware of the latest market trends, as he adds,

“In any market, affordable product is always desirable. For buyers, it may mean being able...

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Data supplied by CREB®’s MLS® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
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