January 2014

Found 2 blog entries for January 2014.

If you don’t think Calgary is getting crowded then just try and get to work in the morning. The trend to build out, not up, so prevalent in the last few decades has highways and city streets bumper to bumper. Add to this the Trans Canada Highway snaking right through town and you have the inevitable gridlock. Will building more highways solve the problem? Perhaps. Maybe just a little. Having the Trans Canada Highway and all its big rig traffic rerouted to ring the city rather that cut right through Calgary would be smart.

The real problem is the increase in population and the number of cars needed by that population to travel from outlying suburbs to jobs in or near the city center. The other issue is that if you keep extending a city’s borders you must…
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Calgary’s winter weather may be in sub-zero territory but the real estate market is hot, hot, hot. Sales of residential properties this December have topped the numbers seen in 2012. The city is fast becoming a strong sellers market with property sales outpacing the number of properties being listed. This is the first time since 2007 that Calgary’s real estate market favours the sellers.

Re/Max issued their Housing Market Outlook 2014 report this past week and noted that multiple offers began to make their appearance in 2013 and are becoming more frequent. This is particularly true in the single-family home market, creating a competitive edge that is likely to increase prices. Well priced properties are selling well, often for more than their asking

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