Category: Calgary Communities (2)

sales-by-price-range-sept-2014Strong Condo sales aided by single family sales in the sub $1M range buoyed Calgary real estate market over the summer months. Buyers will appreciate that a gradual increase in inventory levels has created more selection and choice along with a less hectic pace to the process. Overall we are seeing the market calm down from the bell market we experienced over the past few years. While the forecast for jobs and in migration slows moderately over the next few years there still remains plenty of fuel for growth in the real estate market. Sectors that remain in hot demand are moderate priced homes and townhomes in walkable communities or good transit accessible areas. We also witness an increase in demand for moderate homes suitable for retirement lifestyles with amenities such as single level flats, accessibility (elevators), moderate sizes, low maintenance and security.

 

 

inventory-sept-2014We also are witnessing a greater demand for green and low energy features that are environmentally sensitive. Expect this trend to continue to grow as utilities consume a greater portion of the homeowner’s budget and concern for the environment becomes mainstream. Areas of the market we witness declining are large homes with less efficient maintenance requirements generally on acreages or not within walkable communities and usually over $1M price range. Looking forward we expect that the greater number of condo starts will begin to over supply this market over the next two year time frame. Also an increase in the cost of construction will place upward pressure on prices squeezing margins for developers. Look for a trend to more compact efficiently designed homes with a green influence along with new solutions for affordable housing including laneway housing, secondary suites and new density options for single family developers.

For detailed information of the Calgary Real estate market or a complimentary consultation call Sano Stante Real Estate at 403-289-3435

This hidden almost forgotten about community, is boasting new growth and more development now! Bridgeland formally knows as Riverside located to the immediate northeast of downtown Calgary. Bridgeland borders a natural environment composed of the confluence of the Bow River and Elbow River. Tom Campbell’s Hill Park lies on the eastern edge of Bridgeland and overlooks the downtown, Bow River and northeastern part of the city. St. Patrick’s Island and St. George’s Island lie in the southern part of Bridgeland. St. George’s Island is home to the Calgary Zoo, Canada’s second largest zoo. Bridgeland being in the heart of the city is close to everything! Starting with the sense of family and accessibility, close to elementary through to high schools, continued learning schools, and all forms of transit, there are also many parks and playgrounds and a new elementary school for disabled kids will be under way in 2015. For the young couples of Calgary, this neighborhood is one of the only remaining quadrants of Calgary that still boasts the classic and vintage architecture and only a 10 minute walk to the heart of night life central. With dozens of new pubs, restaurants, attractions, movie theatres and walking paths this is a wonderful spot to spend some time with your partner and fall in love all over again. Last but never the least, for the classic Calgarians; the ones that have seen the city shift and change and most of all grow! This is the finest location in Calgary for you to enjoy a quiet night on your porch, under massive 50 year old poplars and watch from just across the river as the city buzzes with excitement, or, take a stroll to one of the many dog parks, pottery classes or boutiques nearby. Truly a one of a kind communities and stronger now more than ever. This locality has seen and survived some of Calgary’s scariest moments; from the floods of 2013 to the destroying snow fall of 2014, Bridgeland is still big and beautiful and strong! Welcome home to a one of a kind community!