BUSINESS OWNERS OPTIMISTIC
BUILDING PERMITS CLEAN THE GARAGE
Majority of Alberta businesses think 2012 will be better than 2011
Values for 2011 third highest on record
COMMERCIAL A11
Easy steps for a tidy, organized space
MARKET A12
SHERRY JENKINS
HOW TO A15
403-804-3694
sherry@wemortgage.ca 133 First Street NW, Airdrie, Alberta T4B 0R3
WeMortgage.ca See MONEY on page A10
FREE jan 13 to jan 19 2012 issue 02-01 www.creb.com
2011 a year of steady improvement for the housing market CREB® STAFF
A
ccording to figures released by CREB® (Calgary Real Estate Board), Calgary residential sales in 2011 increased eight per cent over last year, with 18,568 sales for 2011 compared to 17,267 in 2010. Recovering from tepid sales activity in the first half of 2011, early improvements in employment and migration resulted in a pickup in housing demand in the second half of the year. By the end of June 2011, year-to-date sales activity had only increased by two per cent compared to the second half of the year, where residential sales improved by 15 per cent. “While sales activity in 2011 remained below the long run average by 17 per cent, monthly figures point towards the trend of this gap narrowing,” said Sano Stante, president of CREB®. 2011 single-family sales totaled 13,186, a nine per cent increase over last year. While sales increased, listings remained low, with an annual total of 24,245, six per cent lower than 2010 levels. The decline in listings relative to sales pushed down inventory levels to 2,761, resulting in four months of supply. Meanwhile, the condominium market recorded declining sales for nearly half of the year, but favorable pricing and improved economic conditions pushed sales up by double digit rates for the second half of the year. 2011 condo sales totaled 5,382, a four per cent increase over the previous year. The rise in sales was complemented by an annual 12 per cent decline in listings. This helped to tighten the condominium market, causing inventories to decline to 1,287 and months of supply to remain just above four months.
STATISTICS A3
CODY STUART, Managing Editor
SINGLE FAMILY
1398
962
988
1036
1106
1153
1217
1313
1355 791
722
734
A3 A6 TEST YOUR KNOWLEDGE A6 2012 Property Assessment Roll
T
891
888
958 867
762
CITY SENDS OUT CONTENTS 2012 ASSESSMENT NEWS BRIEFS WEEKLY FEED NOTICES CREB® STAFF
DEC09 JAN10 FEB10 MAR10 APR10 MAY10 JUN10 JUL10 AUG10 SEP10 OCT10 NOV10 DEC10 JAN11 FEB11 MAR11 APR11 MAY11 JUN11 JUL11 AUG11 SEP11 OCT11 NOV11 DEC11
799
915
1061
1035
1169
1262
1352
1396
MLS® NUMBER OF UNITS SOLD* DEC ‘09 – DEC ‘11
According to figures released by CREB® (Calgary Real Estate Board), Calgary residential sales in 2011 increased eight per cent over last year, with 18,568 sales for 2011 compared to 17,267 in 2010.
he City of Calgary has mailed approximately 482,000 Property and Business 2012 Assessment Notices and commenced the Assessment 2012 Customer Review Period, which runs from January 03 to March 05, 2012. The 2012 Property Assessment values are based on a July 01, 2011 market valuation date and December 31, 2011 physical condition date as legislated by the Province of Alberta. The 2012 Business Assessment values are based on the July 01, 2011 typical net annual rental value of business premises.
*All statistics based on monthly data compiled by CREB® via MLS® activity.
MUNICIPAL A3
®
A8 A10 A10 A11 A12
MAP OPEN HOUSES
B1 B19
DEC 2011 MLS STATS MORTGAGE RATES BUSINESS DIRECTORY COMMERCIAL POP THE QUESTION Nyla Free
Sutton Group Canwest This home has an enormous pie Absolutely beautiful in show home Great four bedroom and three Many upgrades throughout! shaped south facing backyard condition loaded with upgrades. oak hardwood floors, painted bathroom home in a quiet filled with numerous, lacquered cabinets with marble 2800 sq/ft on two levels- Beautifully area of Chestermere-Painted in low maintenance flower beds. backsplash - Quartz counter tops. landscaped sunny south backyard. neutral colors is sure to please. MLS®:3496378
Gleaming hardwood & low maintenance tile flooring on traffic areas-Granite counter tops in kitchen & all three bathrooms
I Sell Chestermere