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Calgary is an attractive and dynamic city situated on the banks of the Bow River and close to Alberta's majestic Rocky Mountains. The Calgary Stampede is undoubtedly Calgary's best-known visitor attraction. This event, featuring a large parade and world-class rodeo, draws more than a million people each year. The host city of the 1988 Winter Olympic Games takes pride in its sporting legacy. Canada Olympic Park is a multi-purpose athletic facility designed for skiing, snowboarding, bobsleigh and luge during the winter and mountain biking during the summer. The Pengrowth Saddledome is the home of the NHL's Calgary Flames, as well as being the venue for countless events and concerts throughout the year. Other attractions, including the Glenbow Museum, Calgary Tower and Eau Claire Market are other great places to visit year-round. Visit the WorldWeb.com travel guides for Edmonton, Kananaskis Country, Canmore, Banff, Bragg Creek and Drumheller for information about visitor destinations near Calgary.  

On the housing front; National resale housing market activity returned to pre-recession levels in May 2009. The rebound in activity is being led by an increase in transactions in some of the most expensive markets in the country, which is skewing the national average price upward.  

According to statistics released by The Canadian Real Estate Association (CREA®), actual (not seasonally adjusted) home sales via the Multiple Listing Service (MLS®) of Canadian real estate boards totaled 49,521 units in May 2009. This is less than 1% below activity in the same month one year ago. Year-over-year declines have been shrinking since the beginning of the year.  

The seasonal increase in activity continues to be stronger than normal. As a result, seasonally adjusted home sales rose 8% to 37,649 units in May compared to April. This marks the fourth consecutive monthly increase in seasonally adjusted activity. Seasonally adjusted activity in May was 43% above where it stood in January 2009.  

Seasonally adjusted sales were up on a monthly basis in about 70% of local markets. Monthly activity gains in Toronto (9%), Calgary (25%), Montreal (10%), Vancouver (8%), and Edmonton (12%) contributed most to the overall increase in monthly activity.  

The national MLS® residential average sale price in May 2009 reached the highest monthly level on record.  

At $319,757, it was up fourth tenths of a percentage point from the previous record set in May 2008.  

Over the past four months, the national MLS® residential average price has recovered 16.4% from the low in January.  

The average price for MLS® home sales climbed to new heights nationally, and in Saskatchewan, Ontario, Quebec, New Brunswick, and Nova Scotia.  

New records were posted in only 15% of local markets in May, none of which are among the most active or expensive.  

The strong rebound in sales activity, not price, in Canada’s most expensive markets is driving up average prices nationally and in some provinces, just as a sharp decline in activity in these markets pushed average prices lower in late 2008.  

The supply of homes coming onto the MLS® market continued to decelerate in May.  

Seasonally adjusted MLS® residential new listings edged lower by eight tenths of a percentage point to 65,070 units, the lowest level since December 2005. Seasonally adjusted new residential listings in May were 19% below the peak reached one year ago.  

With the number of sales rising strongly and new listings trending downward, the balance between supply and demand is firming up in British Columbia, Alberta, Saskatchewan, Ontario, and Quebec.  

This resulted in national sales activity as a percentage of new listings reaching the highest point since December 2007.  

Residential dollar volume for MLS® sales climbed 10% from the previous month to reach $11.4 billion in May. This is more than 50% above the low of $7.5 billion reported last January.  

Sales activity is now closer to the pre-recession peak than it is to the recent low point reached last January,¯says Regina Broker Dale Ripplinger, President of The Canadian Real Estate Association. Strengthening consumer confidence, low interest rates, and improved affordability are drawing buyers to the housing market across Canada, he added.  

Fueled by a string of monthly increases in activity, the number of transactions in May reached the highest point since July 2008, said CREA Chief Economist Gregory Klump. Inventory levels are still high in many markets, but fewer new listings and rising sales activity suggests that the selection of homes available for sale may shrink as the year progresses. The supply of homes up for sale needs to be drawn down further before average price increases become more widespread among local markets.¯  

MLS® is a co-operative marketing system used only by Canadas real estate Boards to ensure maximum exposure of properties listed for sale. The Canadian Real Estate Association (CREA®) is one of Canadas largest single-industry trade associations, representing more than 96,000 REALTORS® working through more than 100 real estate Boards and Associations. Further information can be found at www.crea.ca.


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Real Estate Tips
For Sale By Owner >Listing Presentations

The listing presentation is the first step most sellers take when they are looking for a real estate professional to market their home. They communicate what they expect from the real estate agent who will list their home, and the agent explains their marketing strategy, including pricing recommendations, advertising, and any special programs they or their companies offer.

A good listing presentation takes careful planning. A written market analysis will help you get a clear idea of local market conditions. Many real estate agents will include a marketing plan, as well as suggestions on how to make sure that your home shows well and is accessible to agents. If you are talking to several companies, resist the temptation to go with the person who quotes you the highest price for your house. Look for an agent who is well prepared, professional, and has the best ideas. The most successful transactions involve careful collaboration between the sellers and the real estate agent.

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Real Estate Trivia
Q 
What acclaimed house built of stone, concrete, and glass is built over a waterfall?

A 
Fallingwater in Mill Run, PA, built by architect Frank Lloyd Wright, is one of the most-visited homes in the U.S.
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Mike Hornby, REALTOR®, real estate agent and broker for Calgary, Bearspaw and Elbow Valley Estates, Alberta home listings, property and land for sale - NUMBER1EXPERT

Mike Hornby
ReMax Real Estate Central

206 2411 4th St. NW
Calgary, Alberta, T2M 2Z8
Cell: 403-870-8009
Fax: 403-284-4923
mikehornby@NUMBER1EXPERT.com

Mike has been selling in Calgary, Bearspaw, Springbank, MD of Rocky View, Elbow Valley Estates, Heritage Pointe, MD of Foothills areas for over a decade. He has helped hundreds of clients purchase and sell their homes, through his efforts Mike has recieved many Re/max awards, including induction into the Re/max Hall of Fame and Platinum Club status. Contact Mike today! 403-870-8009



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