December Canmore Real Estate News from Louise Fuller

Sales of Canmore Real Estate for the month of December 2013 are as follows:

Single Family: 15 sales, average sale price $950,166, average days on market 81 (DOM).

Half duplex: 1 sales, average sale price $995,000, average days on market 90 (DOM).

Townhouse: 7 sales, average sale price $639,571, average days on market 51 (DOM).

Apartment: 15 sales, average sale price $445,166, average days on market 110(DOM).

Lots: 2 sales, average sale price $400,000, average days on market 220 (DOM).

December Graph

December Home in Canmore Feature Listing

5-838 6th Street

Downtown Canmore Bungalow Living!

Renovation transformation, contemporary, outstanding quality, vaults! This 3 bedroom, 3 bathroom open concept home has been transformed! Main area has 18 foot vaulted BC fir ceiling. Indonesian merebau hardwood flooring, oak front doors and oak trim. Custom chef’s kitchen including kidney shaped island with eating bar, wine fridge, Kitchenaid architect series appliances, 600 cfm hood fan, Hamat pull faucet, ambiento triple basin sink, Italian tile backsplash, under counter lighting… complete list of upgrades available. A new addition includes mudroom, laundry with heated floors and extra bedroom. The master bath has been carefully designed with his / hers sinks, soaker tub with mountain views, 2 person shower with bench, heated floor. The exterior includes complete multi level garden landscaping, 3 zone remote sprinkler system, deck off master bedroom, cedar fence and an oversize single car garage.

More Info

Canmore Real Estate News Articles

 

IMF Says Ottawa Should Consider Ending CMHC Mortgage Insurance

A Ottawa should consider phasing out insuring home mortgage through Canada Mortgage and Housing Corp., the International Monetary Fund said Wednesday.

The advice is contained in the IMF’s latest economic report card on Canada, which projects modest economic growth of 2.25 per cent for the country next year.

Such a recommendation appears to side with Finance Minister Jim Flaherty, who has recently questioned whether the federal government should be in the business of insuring higher-risk mortgages at all.

Calgary Homebuyer Demand ‘Supercharged,’ Says RBC Report

Booming economy sparking housing market

Homebuyer demand in Calgary has been “supercharged” by a booming economy, says the latest Housing Trends and Affordability Report released Wednesday by RBC Economics Research.

The report said modest deterioration in housing affordability in the Calgary area in the third quarter “is likely to be taken in stride by local homebuyers, because they still benefit from some of the lower ownership costs as a share of household income in Canada.”

The report said RBC’s affordability measures increased for all housing categories – between 0.2 percentage points and 0.7 percentage points. But it said the levels continue to be below the national and historical averages.

 

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