Your weekly update of the Calgary Real Estate Stats

Calgary Real Estate Stats for Feb 01 thru Feb 27/07

 

Calgary Real Estate Stats

Single Family 2007 2006 Average Selling Price $435,626 $342,547 Median Selling Price $399,000 $308,200 New Listings 2,569 2,261 Sales 2,187 2,050 Sales to New Listing Ratio 85% 91% Sales to Active Listing Ratio … Read Full Post

 

 Your weekly update of the Calgary Real Estate Stats

Calgary Real Estate Stats for Feb 01 thru Feb 20/07

 

Calgary Real Estate Stats

Single Family 2007 2006 Average Selling Price $433,402 $338,232 Median Selling Price $397,000 $305,600 New Listings 1,837 1,670 Sales 1,664 1,513 Sales to New Listing Ratio 91% 91% Sales to Active Listing Ratio … Read Full Post

 

 Your weekly update of the Calgary MLS® Sales Stats

Calgary MLS® Market Stats for Feb 01 thru Feb 06/07

 

Calgary Market Stats

Single Family 2007 2006 Average Selling Price $422,197 $344,806 Median Selling Price $395,000 $311,000 New Listings 597 490 Sales 494 440 Sales to New Listing Ratio 83% 90% Sales to Active Listing Ratio 19% … Read Full Post

(February 08, 2007): The Australian engineering company WorleyParsons announced today they've agreed to buy Calgary based Colt Companies (Colt Engineering) for A$1.13-Billion ($1.3-Billion Cdn).

Colt, with offices in Toronto, Sarnia, Calgary, Edmonton and Anchorage, Alaska, is the largest private engineering firm in Canada, and has oilsands heavyweights such as Suncor, Syncrude, Shell & PetroCanada as clients.

The move gives WorleyParson a significant presence in the Alberta oilsands, which are estimated to contain 98% of Canada's 179 Billion barrels of reserves. Analysts estimate the industry will invest C$125 billion in the oilsands over the next 10 years should current projects proceed.

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(February 03, 2007): Seismologists from the Pacific Geoscience Centre in Sidney, B.C., have warned there is an increased probability of a major earthquake hitting B.C.'s south coast during the next week.

Geophysicists are tracking a series of tremors that started in Puget Sound along the U.S. West Coast three days ago and are working their way up Vancouver Island. The background seismic activity, which can be detected by sensitive equipment installed up the coast by U.S. and Canadian governments, was recorded through southern Vancouver Island Thursday, said seismologist Garry Rogers.

The tremors are caused by a rip or tear in the bottom plate of the Cascadia subduction zone. This zone is the region where the denser oceanic plate subducts or plunges…

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Calgary Property Assessments

(January 30, 2007)  The City of Calgary mailed out 2007 Calgary Property Assessments yesterday, and posted the revised current market assessments online today (click link below to view assessments):

Calgary Property Assessments

Your 2007 property taxes will be based on these assessments, and depending on how much they've increased from last year, you may or may not be paying more property taxes:

• If your assessment is less than 43% higher than last year, your taxes should be less than in 2006
• If your assessment is about 43% higher than last year, your taxes should remain the same
• If your assessment is greater than 43% higher than last year, your taxes are likely going to increase

Areas with the…

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McKenzie Towne Highrise

Jan 30, 2007: More than 100 residents of McKenzie Towne attended a town-hall meeting last night to discuss a proposal made by a developer to re-zone a tract of land in the area and build high-rise condos.

Carma Developers had originally applied for building permits to construct low-rise condos in the north end of McKenzie Towne, near 130th Avenue & 52 Street SE. City planners turned down the application and suggested Carma apply for re-zoning of the RM5 (medium density) lands to RM7 (high density). The rationale is that the city needs more high-density property.

If re-zoning is approved, Carma has plans to build 17 storey high-rise condo towers rather than the low-rise condos that exist nearby.

Residents attending the meeting…

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