How Calgary’s Unique Demographics Have Impacted the Housing Market

There are many things that make Calgary stand out. Its economy, rapid growth, and unique career opportunities have been making headlines across the country over the last decade. It is a city that is moving forward in leaps and bounds. For those who have been here all their lives, Calgary is noticeably different from the one they remember.

Calgary is home to more than 240 different ethnic cultures and ranks third in Canada for cultural diversity. The majority of Calgarians, nearly 50%, are between the ages of 25 and 54. As of last year, the median age is just 36 years old. Family sizes are about the same over the last few years, meaning the number of children entering the school system is fairly consistent year after year. According to the 2011 census, the population is nearly an even split between males and females.

Having the largest segment of the population in the workforce has no doubt provided a positive effect on Calgary’s economy. Wages are highly competitive and disposable income is among the highest in Canada. Over the last year, we have certainly seen the real estate market respond to these trends. Demand is high, and buyers are driving the market into an upward swing.

The condo market saw the most significant increase over the last year, and new developments are at an all-time high. Calgary’s young professionals want to find a modern and trendy place to call home, and they are willing to pay a premium to be in the heart of the action. Suburban living is also a popular choice for young families or couples looking to settle into a community-like environment at a more affordable price. Calgary has expanded with sustainability in mind. Many of Calgary’s communities have everything they need within a short distance to reduce the strain on the major roads and improve the quality and convenience of life for its residents on the outskirts of the city.

Calgary Alberta Luxury Real Estate Update For June 2014

Luxury Property Sales of Single Family Homes in Calgary at the end of May going back until 2005

Year                                       # of Sales over $1,000,000

2005                                                    89

2006                                                   196

2007                                                   208   Thought to be the Top of the Market

2008                       `                          179

2009                                                     94   The bottom of the Market

2010                                                    149

2011                                                     195                                                                  

2012                                                    190

2013                                                    318

2014                                                    359

                                                                                                       

Interesting statistics for Calgary’s Luxury Market

These sales only account for sales through the Calgary Real Estate Board and do not include New Home builds, Condos or Country residential Properties.

In the darkest hour of the beginning of 2009 when everyone thought the sky was falling Calgary still outperformed 2005 Luxury Home Sale numbers.

The number of Luxury Homes sold in the beginning of 2007 was thought to be unduplicatable.  The Luxury home sales moving forward are about to be affected by the new CMHC Mortgage Rules. Canada Mortgage & Housing will cease to put mortgage insurance on $1,000,000 plus properties beginning soon.

If you are thinking to buy a Luxury Home with a large mortgage soon please get in touch with us right away. We can still get you into a Luxury home with a minimum down payment

Rod Forsythe

Rod Forsythe // Managing Partner // The Forsythe Group

Keller Williams Premiere Realty // Calgary Ab. Canada
403.777.1040 // Website www.RodForsythe.com

#1 Agent for Keller Williams in Alberta since 2010

Calgary Alberta Luxury Real Estate Update For June 2014

Luxury Property Sales of Single Family Homes in Calgary at the end of May going back until 2005

Year                                       # of Sales over $1,000,000

2005                                                     89

2006                                                     196

2007                                                     208   Thought to be the Top of the Market

2008                       `                             179

2009                                                     94   Thought to be the bottom of the Market

2010                                                     149

2011                                                     195                                                                  

2012                                                     190

2013                                                     318

2014                                                     359

                                                                                                       

Interesting statistics for Calgary’s Luxury Market

These sales only account for sales through the Calgary Real Estate Board and do not include New Home builds, Condos or Country residential Properties.

In the darkest hour of the beginning of 2009 when everyone thought the sky was falling Calgary still outperformed 2005 Luxury Home Sale numbers.

The number of Luxury Homes sold in the beginning of 2007 was thought to be unduplicatable.  The Luxury home sales moving forward are about to be affected by the new CMHC Mortgage Rules. Canada Mortgage & Housing will cease to put mortgage insurance on $1,000,000 plus properties beginning soon.

If you are thinking to buy a Luxury Home with a large mortgage soon please get in touch with us right away. We can still get you into a Luxury home with a minimum down payment

 Rod Forsythe

Rod Forsythe // Managing Partner // The Forsythe Group

Keller Williams Premiere Realty // Calgary Ab. Canada
403.777.1040 // Website www.RodForsythe.com

#1 Agent for Keller Williams in Alberta since 2010

July 2013 Calgary Luxury home update

After reviewing all of the sales above $800,000 there has been a significant rise in Luxury Home sales in the Calgary area year over year 2012-2013. When looking at the history of Calgary these sale numbers rival and exceed 2006 and 2007 unit sales numbers. An interesting note is 4 properties over $4,000,000 sold last month. With a good supply of inventory above $800,000 this could be a great time to get into a Luxury home in Calgary.

Calgary house Values

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Rod Forsythe

Managing Partner // The Forsythe Group // Keller Williams // Calgary Ab Canada

403.777.1040 //  www.RodForsythe.com

You Win in Life by Helping Others!

Know of anyone looking to Sell, Buy, Invest?  Let me know I can help…

Calgary Real Estate update for April 2013 by Rod Forsythe

Rod Forsythe’s Calgary Real Estate market Update for April 2013

Calgary’s residential real estate market was more seller focused this March with 20% fewer listings available than in of March 2012. A lack of inventory tends to create a busier looking market than it actually is. Market conditions are a far cry from activity witnessed throughout the frenzy in 2006 and 2007, in fact unit sales in Calgary are still trending under the 10 year average. Homes under $500,000 are in limited supply and with the Spring in full bloom people just need to be a little patient for new listings to show up. The Luxury market in Calgary has had a hand in price increases; the plus $800,000 market is up in unit sales by a staggering 28% over this time last year. In Calgary with the snow finally leaving the ground the Spring inventory will continue to increase. April has already seen a 14% increase in new listings compared to last April. Average price increase year over year in the total Calgary real Estate Market stands at a 6.09% increase over the 2012 average price.
Rod Forsythe
Managing Partner // The Forsythe Group

Keller Williams // Calgary Ab Canada 403.777.1040

rodcforsythe@gmail.com // http://www.RodForsythe.com

#1 Keller Williams agent in Alberta 2010, 2011 & 2012. #9 Keller Williams agent in Canada 2012

You Win in Life by Helping Others!

Know of anyone looking to Sell, Buy, Invest? Let me know I can help…

calgarydowntownview - _   (2) (800x531)

October 2012 Outlook for Calgary Alberta Real Estate by Rod Forsythe and the Calgary Real Estate Board

The population in Calgary and Alberta is growing, the oil industry is busy and the average age of a Calgarian is 15 to 20 years younger than that of Toronto or Vancouver.
There are some very good Real Estate numbers coming out of Calgary in 2012.
Luxury Home Sales over $1,000,000 are up over 8% and these sale numbers rival the boom years of 2006 and 2007.
Country Residential Property unit sales are up about 8% over last year and the prices are have come off about 4% year over Year. The average price in 2012 is $790,673 YTD down from $816,655 in 2011.
Single family homes in Calgary unit sales are up just over 8% year over year and the average benchmark price has gone up to $433,300 in 2012 from $399,700 in 2011. (This number has stayed consistent since June of 2012 when the Benchmark price was $430,800)
Condominiums have increased in value about $9000 year over year setting the new benchmark price at $279,000 in 2012. Unit sales for Condominiums have increased about 8% in 2012.
We are getting older. Yes 10,000 people a day for the next 18 years will turn 65 in North America. Mature housing will be a vibrant part of our Real Estate landscape for a longtime…
I have helped people buy and sell Calgary Real Estate since 1986. If I can be of service please contact me.
Rod Forsythe Keller Williams Real Estate Calgary Alberta Canada
403.777.1040 e-mail rod@rodforsythe.com
A special note to our American friends in the North East, We wish you well and know you will recreate your environment with patience and ease. All the Best from Calgary Alberta Canada

Calgary Alberta October Real Estate Update

Rod Forsythe’s insights on the Calgary market for September 2011.

September Data for the Calgary Real estate market 2011

The Calgary Real Estate market is looking a lot like a market that is waiting to get going somewhere; this market has been rock solid over the past year and it looks like average sales #s will continue at this pace for a while. The strong news in the Calgary Market is that properties over $1 million dollars are still outpacing the rest of the market in fact sales are up about 20% in this category over 2010.

A wise man once said “if you wait to see what everyone else does you will be behind when they do something”. Maybe think about what the experts are saying, the average home price has remained the same for the last year or so, the world economy isn’t doing very well and the prices of Calgary Real Estate haven’t softened in over a year, Calgary Oil companies are already worried about finding enough staff for 2012 & 2013 and if you are set up in a strong financial position or just thinking of getting into this market the mortgage rates are at historic lows.

My Team and I would love to help you with your Real Estate and are proud to continue to help people buy and sell great homes in and around Calgary including Bearspaw, Springbank, Cochrane and Airdrie.

Quote for the month
“Wake up when you open your eyes. Go to bed a half hour earlier. Listen with care to those speaking to you. Treat your body to a great diet; remember our bodies are the most magical creation on the planet. Learn something new and share it, read a great book and post a review. Call a friend and say hello. Schedule what you love to do and do it. When you shake someone’s hand make sure you look into there eyes and say hello to their soul as well, Laugh out loud and smile at a stranger.
Roddy Forsythe

If you are considering BUYING or SELLING real estate today, please call us directly at 403.777.1040 and we will provide you with an in depth statistical package and an accurate market evaluation.
We are excited to help with your friends and families in their real estate needs!
Visit our website for photos + details on all of our listings http://www.RodForsythe.com
Rod Forsythe
Keller Williams Real Estate
403.777.1040 E-mail rod@rodforsythe.com
We win in Life by Helping others!