Diane Richardson


Office Location:
CIR Realty Calgary
130, 703 - 64th Ave. S.E.

Calgary, AB
T2H 2C3

ForSaleinCalgary


Diane Richardson 

Cell: 403.397.3706

403-397-3706 Email Diane

 

 

  403.397.3706

Calgary is world famous for the Calgary Stampede and for Spruce Meadows and its proximity to Banff National Park.
But, according to one global real estate consultancy, Calgary is on top of the world for a reason other than mounts and mountains: returns on property investments.The 2012 IPD Global Cities Report, unveiled at a real estate conference in Paris earlier this summer, places Calgary at the top of the heap of global cities for best returns on real estate investment. The index compares 60 international cities and covers four major property types: retail, office, apartment and industrial.

 

According to the report, Calgary was one of the world’s most improved markets, with total returns of 8.7 per cent in 2010, but shooting up to 21.6 per cent in 2011. “An energy-driven economic boom in Alberta...generally benefitted the city, and brokers reported prime office space in the central business district to be near full occupancy at year-end,” the report states.Other global cities that performed well on returns on property investments included San Diego, Portland,
and Seattle. The three other Canadian cities on the list—Vancouver, Montreal and Toronto—ranked 8th, 9th, and 10th, respectively.Despite the modest slowdown in general economic activity in Alberta this year, commercial and industrial activity continues to be a propeller of Calgary’s economy. Returns on investment may soften, but the city continues to attract international attention by the real estate investor.

 

Return on Property Investment 2011

Todd Hirsch
Senior Economist, ATB Financial

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Calgary's healthy housing market

Will van ‘t Veld
Economist, ATB Financial

September 6, 2012

 

After a spring of defying the negative national housing market sentiment, the Calgary market cooled a bit in August. But, Alberta’s largest city remains one the nation’s most solid real estate markets. Back in February, the inventory-to-sales ratio in Calgary began to dip, as sales increased faster than new listings, indicating the market had quickly dipped into sellers’ territory. Buyers have since reversed that trend slightly, with the Calgary Real Estate Board reporting that monthly
sales in August dipped 11.6 per cent month-over-month.The swing in housing market activity can be seen in average residential price changes. That average residential price nudged down to $417,000 in August, a 2.2 per cent drop from July, which is nonetheless 3.1 per cent higher than a year ago. The MLS also computes a benchmark price, which is less volatile. The benchmark price adjusts for specific features, such as lot size, bedrooms and location. The jump in the MLS benchmark price index through 2012 has been pretty impressive, up 6.5 per cent on a year-over-year basis. Activity in the single family detached home market has been particularly strong over the past year, with the MLS benchmark index jumping 7.8 per cent yearover-year in August. This is the main reason the overall residential home price index has increased so noticeably, as detached homes make up the vast majority of residential sales.
For their part, condo and town home prices have been plodding along, with the benchmark price increasing 3.3 and 2.6 per cent, respectively, on an annual basis.

 

Calgary Home Inventory to Sales Ratio

http://www.industrymailout.com/Industry/Home/4706/17195/link389955/Daily%20Economic%20Comment%206-SEP-2012.pdf

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Resale pace increases

 
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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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