Showing posts with label Canmore. Show all posts
Showing posts with label Canmore. Show all posts

Tuesday, December 6, 2011

December Real Estate News - Banff & Canmore



Despite another month of gloom and doom for the world economy, November managed to keep on track with 2010 sales. There were 21 sales this past month and listings have again dropped below 400. On the year, volume of sales is still down 15.5% while listings remain very high. Single-family sales are up year over year, while condominium sales remain slow and are down significantly. There was only ONE sale in the townhouse / fourplex market this past month. December is off to a good start with three firm sales and 12 conditional sales in the first three days of the month.


With amazing mortgage rates and a strong Alberta labour market, we expect to see continued sales in this buyer's market. The entry level to mid-range single-family market is doing well with just under five months of inventory. Values in this segment have come down significantly over the past year; slipping another 10 - 15% in some cases. It is still the case of the well priced and reactive seller.


There remains a lot of interest from second homebuyers with some incredible buys to be had in Canmore. These buyers are looking through all segments of the market and the $1,000,000 plus, remains generally people from outside the valley.








Friday, June 4, 2010

June Real Estate Market News - Banff & Canmore


We hope that you have been enjoying your spring and getting a chance to enjoy the various types of weather we have been experiencing. Who said skiing in late May couldn't be a powder day? The Bow Valley's Real Estate market continues to perform with consistent sales and a levelling of prices. Contrary to the National Media, Canmore & Banff's housing market is not super heated and we are not on the cusp of a bubble. We continue to be in a buyer's market with over 400 active listings in the Bow Valley.

Recently, we have begun using HomeZilla.ca, which maps schools, banks, restaurants, and parks in relation to a property. We feel that this is an excellent tool for both buyers and sellers trying to choose a community within Canmore or Banff.


Overall sales in Canmore slipped again this month as the market continues to recover. Sales in Banff have been steady with a number of properties changing hands. The positive side to this is that as of June 2nd, we were at 12 conditional sales as opposed to three at this time last month. The majority of the market remains smaller single-family homes and condominiums below $600,000. Buyers for the $1,000,000 and up market have an amazing selection of properties and continue to have some unprecedented buys. The luxury segment of the market continues to struggle to find buyers.


Active listings have again reached over 400 as sellers see the market picking up and are trying to take advantage of this traditionally busy time of year. The biggest rise in listings was condominiums, with over 200 actively listed. Vacation Home - Condo Hotel listings have remained stable with three units selling in the past month. This is great news, as this is more than the total units sold since last summer; a sign that this segment of the market still has some potential buyers.

Canmore is continuing to see some foreclosures in the market. The majority of these properties are high-end homes and condominiums; either bought as speculative investments or rarely used second homes. Unlike America, Canadian Banks still expect to receive fair market value for their foreclosures. However, the majority are taking far less than what the home was originally listed for and trying to simply recoup any mortgage monies.

The positive growth forecasts for both Alberta and Canada will see the Bow Valley's market remain steady. As people begin to feel, more comfortable with their financial situation we expect to see more second homebuyers taking advantage of these prices.

Friday, May 1, 2009

April Sales - Canmore Banff Real Estate

April saw the market pick up significantly over the previous few months. Buyers and sellers are finding a common ground and we are seeing homes selling. Inventory is down slightly and it is feeling like a marketplace here in the Bow Valley again.

During the Month of April, there were 40 conditional, unconditional and final sales in the Bow Valley.

Average Original List Price: $694 282.00
Average List Price: $658 115.00
Average Sale Price: $597 898.00
Average Days on Market: 113
Town House: 9 Recreational Property: 3 Single Family: 15 Apartment: 8 Half Duplex: 4 Four Plex: 1

Sunday, April 12, 2009

Canmore Statistics - Q1 & March 2009


The real estate market in Canmore has been picking up over the past few weeks with a number of sales. There continues to be a great selection of propeties for all types of buyers in town. These are the statistics for the first quarter and March of 2009, courtesy of the Calgary Real Estate Board.



Q1 2009 -Canmore

Inventory :346

Number of Sales: 28

New: 236

Average List: $746,865

Average Sale: $678,579

Median: $ 525,000

Average Days on Market: 106

Sale$ / List$: 90.86%


March 2009 - Canmore

Inventory: 346

Number of Sales: 9

New: 95

Average List: $646,755

Average Sale: $591,222

Median: $ 525,000

Average Days on Market: 109

Sale$ / List$: 91.41%

Friday, April 10, 2009

Canmore Multiplex Moving Forward

The Canmore multiplex is entering it's next phase. The proposed centre will be on currently vacant land next to the Provincial building on Railway Avenue. This will be another grear facility for the community of Canmore.

Rocky Mountain Outlook - Multiplex moving ahead
By Tanya Foubert - Rocky Mountain Outlook Published: April 09, 2009


Canmore council unanimously voted Tuesday (April 7) to move forward with phase two of a proposed $41 million multiplex, without a performing arts centre. Council directed administration to go forward with a Request for Proposal (RFP) process for an architect to begin designing a facility to include an aquatics and leisure pool, library, day care, climbing wall and multi-use amenity space.

General manager of community infrastructure Rod de Leeuw briefed local politicians on the results of the most recent public consultation in February. Consultations on the components of a multiplex were held in November, but council directed administration to go back to the public after a request was made by the Lamphouse Centre for the Arts for consideration of full funding, including the possibility of being included in the multiplex.

“This is definitely one of the biggest public input discussions I have enjoyed over the 10 years I have been here,” de Leeuw said. “The Lamphouse performing arts centre at this point stays status quo with the approvals made from council.”

Councillors and the mayor, however, were silent on the reasoning behind their collective decision. A survey outlining three options was made available to the public in February at the consultation and online. A total of 1,093 responses were received and 76 per cent preferred option A, the original multiplex concept council approved this week. Option B, which was the same as option A, but included $14 million in funding for the Lamphouse, received 18 per cent of support. “I think for responses you always get a few naysayers, but 76 per cent for option A does represent a fair amount,” de Leeuw said. “Administration feels confident to proceed to the next phase of the process.”

That phase will include choosing an architect and selection of a steering committee of five people, including a council representative, user group consultation and program analysis, development of a business plan and the initial design. de Leeuw added phase two is expected to result in refining capital and operational cost estimates.

The Town had worked with RC Strategies and ATB Architects for phase one. Originally it was planned that RC Strategies would stay on as architectural programming consultants and an RFP would be issued for an architect.

de Leeuw said the company requested to not be separated from ATB for the next phase.
As a result, council voted to issue an RFP for architectural services including architectural programming as a component.

The RFP deadline is April 24. “That is not a lot of time to allow for other bids,” said Coun. Ed Russell. de Leeuw said he has been in contact with several firms and they are aware that an RFP will be issued. He said two and half weeks is not too restrictive if the companies are willing and capable. “It is a great time in the economy to get good pricing for a facility like this,” he added. “I am trying to lay a road map that could see this close to completion in 2010.”

The steering committee is expected to review the proposals and bring a short list to council for approval. The 40-page RFP includes the contractors’ services for phase three of the multiplex. Council was adamant it be made clear they will be deciding whether it moves forward or not based on the results of phase two.

“There is no final approval for the project until after phase two when we have the final numbers,” Mayor Casey said. “I certainly would not approve a multiplex with a blank cheque.”

Thursday, April 9, 2009

Easter Long Weekend in the Bow Valley

There is lots going on in the valley this week / weekend. Not only are the ski hills in fantastic shape, but the hiking and biking is getting really good as well. Here are some of the local venues that have shows going on over the next few days.
http://www.canmoreleader.com/ArticleDisplay.aspx?e=1516429
The town is already starting to get the long weekend feel as people come into the Bow Valley. I will be holding open houses all weekend, so be sure to come by and take a look. Hopefully, I will manage to get some fishing in as well.

Tuesday, April 7, 2009

World Class Canmore


Calgary has again been rated among the top cities on Earth. As we are on the door step of this world renowned city it is no wonder that people want to live in the Bow Valley. With continued positive exposure, Canmore's real estate will continue to be sought after the world 'round.

http://www.theglobeandmail.com/servlet/story/RTGAM.20090407.wboftradereport0407/BNStory/National/home

Having the amenties of Calgary an hour away is another one of the amazing features of Canmore. A top ranking city close by and the mountains at your door step. The Bow Valley is truly an amazing place to live.

Live the Rockies Life.

Friday, April 3, 2009

Canmore's Rocky Mountain Real Estate

I have lived in Canmore full time since 2003. The views of the Rockies here in the Bow Valley never cease to amaze me. Today, the sun is bright with high clouds and the snow is shining on the mountains. Working as a Realtor in the Canmore – Banff region allows me to help people ‘Live the Rockies Life’. Whether it be skiing, climbing, snowshoeing, biking, hiking, golfing, fishing, or paddling there is so much to do in the Bow Valley. When you aren’t outside playing, the ability to go to any of our world-class arts and culture venues and then dine at one of our many restaurants makes the Canmore – Banff Rockies an amazing place to live.

There are abundant real estate opportunities in Alberta’s Canadian Rockies. The large variety of condominiums, apartments, fourplexes, duplexes, and single family homes in the Bow Valley allows people worldwide to ‘Live the Rockies Life’. Whether you want to live here full or part-time let me help you, find the best property for you.

Spring in Canmore is great! We have some of the best skiing of the season right now and folks are itching to get their bikes out; town is warm and it is still winter up top. It doesn’t get much better.

I am committed to helping my real estate clients ‘Live the Rockies Life’. Whether exploring the surrounding mountains; enjoying the local arts and culture; or meeting one of the area’s amazing people; the Bow Valley is an exceptional place to call home. If you would like to know about the Bow Valley’s real estate, let my passion and knowledge of the area help you.