Calgary Real Estate 

May 17, 2007: Residential MLS sales in the Calgary housing market soared to $5.4-billion in the first four months of 2007 according to a report released yesterday by CREA. In dollar volume, that's a 38% increase from the same period last year. Calgary ranked third in the country behind Toronto ($11-billion) and Greater Vancouver ($6.5-billion).

While experts had predicted 2007 would see a drop in the number of Calgary homes & condos sold (vs last year's all-time record), unit sales are currently 8.7% higher than they were at the same time last year. To the end of April 13,423 homes & condos had been sold on the Calgary MLS.

Calgary Market Forecast

The huge demand for Calgary housing has forced CMHC to revise their Calgary forecast.…

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 Your weekly update of Calgary House Prices

Calgary Real Estate Stats: May 01 - 08/07

 

Calgary Real Estate Stats

Single Family 2007 2006 Average Selling Price $479,011 $388,647 Median Selling Price $430,000 $359,900 New Listings 1,240 798 Sales 668 699 Sales to New Listing Ratio 54% 88% Sales to Active Listing Ratio 17% n/a … Read Full Post

Elbow Valley West Lots

(May 03, 2007)  There is a virtual feeding frenzy on the horizon as The Peters Dewald Land Company sells 56 lots at Elbow Valley West this coming Saturday. Already more than 2 dozen people are camped out at the sales office in order to have first choice on the 1/4 to 2 acre lots, which will range in price from $260,000 - $525,000.

The lots will go on the block at 10am Saturday, May 5th, and will be sold first come, first served. Each lot can be held for 10 days with a $10,000 deposit, however these holds are open to challenges (if a rival purchaser offers to buy a held lot, the original holder must deposit 20% or forfeit the lot to the challenger).

The sales office is located on Range Road 31, south of Highway 8, just west of…

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Norwegian oil company Statoil announced Friday it has agreed to take over Canada's North American Oil Sands Corp. (NAOSC) in a $2.2 CDN billion deal. Statoil's acquisition is an all cash offer for 100% of NAOSC shares at $20 per share.

The principal shareholders of North American Oil Sands Corp. (NAOSC), are Paramount Resources Ltd. (TSX:POU), funds managed by affiliates of ARC Financial Corp. and the Ontario Teachers‘ Pension Plan.

The Calgary-based oil producer operates 257,200 acres (1,110 square kilometres) of oil sands leases located in the Athabasca region of Alberta, north-east of Edmonton.

"Today's acquisition is an important strategic move which supports our global growth ambition and increases our reserve bookings in the long term,"…

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 Your weekly update of Calgary House Prices

Calgary Real Estate Stats: Apr 01 - Apr 24/07

 

Calgary Real Estate Stats

Single Family 2007 2006 Average Selling Price $457,073 $374,763 Median Selling Price $420,000 $347,500 New Listings 3,002 2,099 Sales 1,991 1,953 Sales to New Listing Ratio 66% 93% Sales to Active Listing Ratio 56% … Read Full Post

(April 24/07) Former US vice-president Al Gore, speaking in Calgary last night, was told by Alberta Premier Ed Stelmach to clean up his own backyard before preaching to Albertans.

Gore spoke to a sold-out crowd about his award-winning documentary An Inconvenient Truth, and argued that global warming "is being spurred by the use of carbon-based fuels such as oil and coal, is the biggest threat facing the world". He suggested Alberta's oil sands are using far too much natural gas in processing northern Alberta's bitumen, further adding to greenhouse emissions.

Alberta Premier Ed Stelmach said the province is "merely feeding Americans' insatiable demand for energy, so perhaps Gore should look closer to home". Stelmach, who attended the $159-a-ticket show,…

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 Your weekly update of the Calgary Market Prices

Calgary Real Estate Stats: Apr 01 - Apr 17/07

 

Calgary Real Estate Stats

Single Family 2007 2006 Average Selling Price $457,624 $374,323 Median Selling Price $419,000 $342,000 New Listings 2,118 1,437 Sales 1,368 1,342 Sales to New Listing Ratio 65% 93% Sales to Active Listing Ratio 40% … Read Full Post

 

(March 31, 2007) Shell Canada has been in the news recently as their parent company, Royal Dutch Shell Plc, has attempted to buy controlling interest in the Canadian division. Royal Dutch and its affiliates now own 740,294,180 common shares of Shell Canada or approximately 89.6% of the outstanding common shares of Shell Canada.

What's more interesting is a rumour that hit the streets of Calgary this past Friday: Royal Dutch Shell intends to move Shell Canada's head office out of Calgary once the share buyout is complete, possibly to Saskatchewan (Saskatoon?).

Considering that Shell Canada currently occupies 2 or 3 dozen floors of "A class" space in downtown Calgary, and that similar space is now leasing for north of $40 per square foot, this…

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