Calgary November 2012 STATS

[boutiquerealty]

I thought this may be of interest to anyone researching the Greater Calgary area to invest. This highly compliments Don Campbell's latest report on Top 10 Towns Report. I would be happy to interpret any of these stats from the "trenches" for anyone interested...

Miranda

Attached files res-stats-2012_Nov.pdf (847.1 KB)Â

 

[RedlineBrett]

It's definitely been a much stronger fall / early winter than I was anticipating.



Our internal "missed opportunity"vacancy rate was just over 1% for December, which is great for this time of year. We've had lots of applicants for each new tenancy and the quality of the applications has been improving too.



My honest feeling is we are right in the midst of a healthy (though moderate) growth market, and buyers have the confidence that their new property is not going to drop in value. The same could not have been said a year or two ago.



The other side of the coin means that it's tougher to buy though, and restraint is required when there is very limited supply and the asking prices are too high.



The drop in vacancies (and resulting increase in rents) is also starting to open up some new property types for investors to consider, which is nice to see.

 

[Thomas Beyer]

yup .. we see tight tight vacancies too in our 120 suiter in Calgary .. and rents up 20% from 2 years ago.



Airport expansion, new towers downtown, new industrial park north of the airport



More here on Calgary bucking national trend: http://business.financialpost.com/2012/12/03/calgary-housing-market-bucks-national-slowdown



Or here on: Calgary's economy & real estate is on a roll with a new office tower even higher than the Bow: http://www.calgarysun.com/2012/12/01/calgarys-tallest-building-the-bow-to-be-eclipsed-by-planned-56-storey-225-sixth-tower