"Your Mountain Home Specialist"
Doran Kocian, Associate 1 403 688 4000
Trevor Martin, New Home Sale Specialist (Unlicensed Assistant) 1 403 609 5308
"Your Mountain Home Specialist"
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1-105 Rundle Drive
Downtown 4-plex
Amazing Townhome in Banff
3 - 105 Rundle Drive
Downtown 4-Plex2 -105 Rundle Drive
Canadian Housing Market Seen Reviving - November 2009
Housing activity and prices will pick up next year as demand grows, a national report predicted Monday.
Housing starts will likely fall 32.8 per cent this year to 141,900 from last year's levels, Canada Mortgage and Housing Corp. estimates. New home building is expected to recover next year though, with a projected level of 164,900 for 2010, the agency said in its fourth-quarter housing market outlook.
The average listed price will increase to $312,950 this year and rise further to $324,500 in 2010, with British Columbia continuing as the most expensive place to live.
“We expect housing markets across Canada to strengthen leading into and over the course of 2010 as economic conditions improve,” said CMHC's chief economist Bob Dugan.
Demand for homes has rebounded since the start of this year, he noted. And both new and existing home markets are seeing lower inventory levels.
“As a result, stronger housing demand will be reflected in higher levels of housing starts in 2010.”
The strong pace of sales in the second and third quarters of this year partly reflects activity that was delayed in the previous two quarters “and is not likely to be sustained,” the report said.
Existing home sales will reach 441,300 units in 2009 and increase to 445,150 units in 2010, as measured by the Multiple Listings Service (MLS).
Among provinces, housing starts in Saskatchewan will slide to just 3,600 units this year, nearly half levels of the previous year. A strong economy and a relatively robust labour market, which will attract migrants to the province, will cause housing starts to rebound to 4,350 units next year, CMHC expects.
In Ontario, where activity has likely plunged 36.9 per cent this year from last year's level, starts are seen recovering to 56,500 units.
The government agency also extended its forecast into 2013. It expects activity to increase to 187,000 units by 2013 as migration bolsters population growth. Activity will be particularly strong in Alberta and B.C.
Tavia Grant
Globe and Mail UpdatePublished on Monday, Nov. 02, 2009
SALES ALERT! - October 21, 2009
Congratulations to the new home owners who have just recently purchased #4 105 Rundle Drive here in beautiful Canmore!
Exciting new addition to beautiful Canmore - October 19, 2009
The time has come!
4SaleCanmore and Distinctive Homes are both extremely proud to announce the opening of their spectacular new 1,697 square foot show home located at 105 Rundle Drive right here in beautiful Canmore!
This gorgeous home is the new model home for the custom designed luxury 4-plex residential collection that sits majestically against one of the most beautiful environmental reserves in town offering views of some of the most desirable mountain peaks in the Canadian Rockies. Professionally designed by Jeweltone Interiors, these homes are practically guaranteed to knock you off your feet and take your breath away! Three exquisite homes remain for immediate availability so don't miss out, come and have a look and see for yourself!
The show home is open daily from noon to 5:00pm and private tours are available upon request. To book your tour or to request further information, please contact Trevor Martin, New Home Sales Specialist at 403 609 5308 or Doran Kocian, Associate Realtor at 403 688 4000 directly.
Canadian home prices continue to rise - September 13, 2009
New home prices on rise in Canada
Prices of new homes in Canada rose 0.3 per cent in July after June marked a 0.2-per-cent decline, a better showing than economists had expected and another sign that the real estate market continues to rebound. While prices were still down 3.2 per cent year over year, July's showing marked the first monthly rise in prices nationally since last September, Statistics Canada said.
"On balance, the message from this report appears to be that the buoyancy that has been seen in the Canadian existing-homes market may finally be filtering through to the new-homes markets," said Toronto-Dominion Bank economist Millan Mulraine.
Virginia Galt with AP and Reuters reprinted from the Globe and Mail - September 13, 2009
SALES ALERT! - September 10, 2009
Congratulations to the new home owners who have just recently purchased 1003 Olympic Drive here in beautiful Canmore!
The countdown begins! - September 4, 2009
4Sale Canmore and Distinctive Homes are very pleased to announce the up and coming opening of their brand new beautiful show home here in spectacular Canmore! What a great way to kick off the fall season in the spectacular Canadian Rockies!
Be sure to email 4Sale Canmore today for further details on the exact date of the opening weekend or check back regularly for further updates!
We hope to see you there!
The Team at 4Sale Canmore and Distinctive Homes
Canadian housing on the brink of rebound - September 3, 2009
Improving resale market, lower inventory levels should boost residential construction, CMHC says
Housing starts are expected to pick up in the second half of this year as buyers shake off some of their anxiety about the economy, Canada Mortgage and Housing Corp. said on Thursday.
The housing agency said in a forecast that housing starts are expected to reach 141,900 this year and 150,000 next year. This marks an improvement, although the activity is still well down from the 211,056 starts in 2008, when Canada was coming off a prolonged housing boom.
“Economic uncertainty and lower levels of employment tempered new housing construction in the first half of this year,” Bob Dugan, CMHC chief economist, said.
“In the second half of 2009 and in 2010, we expect housing markets across Canada to strengthen,” he said in a forecast that essentially confirmed earlier CMHC projections.
Improving activity on the resale market and lower inventory levels in both the new- and existing-home markets should prompt builders to increase residential construction, CMHC says.
“Existing home sales, as measured by the Multiple Listings Service (MLS) have rebounded strongly since January and will reach 420,700 units in 2009 and remain close to that level at 419,000 units in 2010,” CMHC said.
“The average … price is expected to moderate to $301,400 in 2009 and to increase to $306,300 in 2010,” CMHC said.
Toronto — Globe and Mail UpdateLast updated on Thursday, Sep. 03, 2009
Canada’s resales through the roof - July 17, 2009
Reuters Published: Friday, July 17, 2009
Sales of existing homes in Canada jumped 31.5% in the second quarter from the previous one - their first year-over-year quarterly increase since before the peak of the financial crisis, the Canadian Real Estate Association said this week.
The industry group said actual home sales totaled 147,351 units in the second quarter of 2009, up 1.4% from the same quarter of 2008.
Home sales rose 8.7% in June from May on a seasonally adjusted basis. They were up 17.9% from June 2008, using non-seasonally adjusted figures.
"This is on par with the record for the month of June, set in 2007, and is the fourth highest ever for activity in any month on record," CREA said in a report.
A total of 41,304 homes changed hands in the month.
The report is the latest piece of evidence showing that consumers are venturing back into the home market, encouraged by low mortgage rates and signs that the worst of the recession is over.
The recovery in the Canadian housing market continued in earnest in June ...," said Millan Mulraine, economics strategist at TD Securities.
"With prices remaining quite favorable and low borrowing rates enhancing affordability, it is likely that this uptick in sale activity may continue for some time as the recovery in the housing sector takes hold," he said.
The average home price rose 3.6% year-over-year to a record high $326,613 in June.
On a quarterly basis, the average price was up 0.5% from a year earlier to $318,696.
But CREA said strong sales activity in a handful of very expensive markets was distorting the national average to make prices look unusually high.
Sales growth in Vancouver, Toronto, Montreal, Calgary and Edmonton contributed most to the national increase.
The inventory of unsold resale homes - measured as the number of months it would take to sell the stock of houses at the current sales rate - fell to its lowest level since August 2007 at 4.2 months.
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