Calgary Bowness Montgomery Real Estate Home News - Blog Archive: August, 2015

The resale market in Calgary’s residential sector saw a drop in units sold which has eased absorption rate. City wide sales declined by 27 percent with 1, 643 units sold in August. This is 12 percent lower than the ten year averages we have previously been on par with.

Why is this happening? “Persistent weakness in the energy sector weighed on sales activity this month, which once again retracted to levels well below the norm for the city,” said CREB® chief economist Ann-Marie Lurie. We may be back on our way to stability after the market crash, but it will still take a long time to fully recover. Luckily for us, Calgary is the ultimate comeback kid.

Weaker sales activity has resulted in properties being on the market for a longer time, the average…

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Calgary is a city that leads in innovation and conservation. We may get a bad rap for being an oil industry centre, but Calgary is actually an extremely conscientious city when it comes to keeping the environment healthy. The city does this by educating students, striving to go green as much as possible, protecting natural areas around and within the city and, most recently, giving every house a black and blue bin.

As you know by now, the black bin is for garbage and the blue bin is for recycling. This includes bottles, cardboard, paper, glass, etc. While a lot of things can go directly into this blue bin to be collected by the city, there are many things you shouldn’t put in it. The city website says it best: “When you put items that don’t belong in…

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The summer is typically a popular time for those hoping to buy and/or sell a property. With school in hiatus for the summer, backyards emerging from their snowy slumber, and vacation days stored up, many people take advantage of the time and begin their real estate journey. This is the summer trend.

If there was one word to describe the real estate market this July, it would be “consistent.” Nothing out of the norm happened. It stayed consistent with typical summer trends. While this may seem dull, it is a sigh of relief for Calgarians who have still been nervous about the market after the oil crash back at the start of the year.

Sales activity for the month of July was consistent of the 10 year average. The declines we previously saw in…

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