October 2011

Found 3 blog entries for October 2011.

Calgary does give the impression that it is increasingly becoming more urban in nature. Certainly the population has increased over the last few years, enticed by good paying jobs and favorable housing costs. But the city is also doing its part to preserve part of the natural world, specifically those wetlands that are still undeveloped.

For years Calgary has required developers to pay compensation to the city if any of their projects involved taking up land that has been designated a wetland. Fees have been imposed of up to $400,000 per hectare. While at one time this might have been a deterrent, in the current climate developers are choosing to pay on the spot in order to build. Chris Manderson, who is with Calgary Parks, wants to change this system.

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So far things are still looking good for Canada’s housing market. Stats show that housing starts this September are 7.3 percent higher than they were during the same month in 2010, and that’s nationwide. .If you look at some of the provinces on their own, some of the increases are rather astounding.

Starts in the Atlantic Provinces showed the biggest leap, 47 percent when comparing this September to last. Quebec on its own showed a 32 percent increase, while on the other side of the country, British Columbia showed an 18.6 percent increase. Some places did see decreases, among them the urban portions of Ontario with a 2.5 percent decrease, and in the Prairie Region, which saw a 12.1 percent decrease. These figures, and related ones, helped to temper the…
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The Conference Board of Canada released a report about prices in the Calgary resale home market this past Friday. It showed that in August, the average price for such a home was more than $400,000, specifically $404,755. That is an increase from the average of $391,497 seen during that same month in 2010.

This past August also saw 22,092 resale homes change hands, compared to the 18,816 sold in August of 2010. New listings have also increased with 44,940 this August compared to the 43,536 seen in 2010. The board also predicts that Calgary will see a year over year price increase of between five percent and seven percent.

The Calgary Real Estate Board also reported on September sales. This year, up until September 22nd, the month saw 740 single family home…
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