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Calgary Boasts Hot Retail Areas
It was interesting to read in the Calgary Herald in January that this city is home to several of the hottest spots in street retail in the country. A leading commercial real estate company ranked the top 10 urban street retail venues in Canada and Calgary scored 3 of the 10! Here's the list with rent per square foot:
1. Bloor St. West, Toronto, Yonge St to Avenue Rd ($250)
2. Robson St, Vancouver, Burrard to Thurlow ($225)
3. Ste. Catherine St, Montreal, Mountain to McGill ($150)
4. Queen St. West, Toronto, University to Spadina ($125)
5. Stephen Ave Walk Calgary, Centre to 3rd St.SW ($75)
6. Government St, Victoria, Inner Harbour to View ($70)
7. 17th Ave Sw, Calgary 6th St to 11th St ($60)
8. Kensington Rd NW, Calgary, 10th St to 12th NW ($45)
9. Spring Garden Rd, Halifax, S.Park to Brunswick ($45)
10. Whyte Ave, Edmonton, 103rd St to 105 St. ($40)
With plans for the new 'main street' retail zone at Stampede Park slated for completion by 2011, Calgary is fast becoming a big player in the retail world.Watch out Toronto!!
To read the entire article |
| This Month's Discovery
 While flowers and chocolate are Valentine's favorites, why not kick it up a notch with something a little outside the box?
Check out www.ediblearrangements.com for some great ideas that are fun and unique. These great 'bouquets' of fruit are very cleverly disguised as flowers and, yes, some do include chocolate. The website offers a variety of gift ideas for any occasion. Pass this along, nudge, nudge, wink, wink...
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Real Estate Update
Housing Market Set to Catch Spring Fever, Calgary Herald, January 26.
It appears to me that this headline caught many buyers attention a couple of weeks ago. Most people know that the real estate market heats up in the spring and many buyers who have been contemplating a purchase for a while are actively looking now trying to beat that rush. From a seller's point of view, usually if you can sell at the end of spring, you'll likely get the best price of the year. If you are thinking about selling, now's the time to start cleaning up and clearing out. Next month I'll share some tips on getting your home ready to list.
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When you buy or sell your home with Royal LePage Benchmark and me, we'll send you on a FREE 5 day/4 night Carnival Cruise for Two* to the Mexican Riviera, Caribbean or the Bahamas ($1400 value).
* air fare & port charges not included.
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Calgary Market Update
| Single
Family |
Jan 08 |
Dec 07 |
Nov 07 |
| Sales |
1083 |
846 |
1103 |
| *Median Price ($) |
410 |
407 |
408 |
| **Average
Price ($) |
455 |
445 |
462 |
| Days on
Market |
50 |
51 |
46 |
| Month End Inventory |
3997 |
3364 |
4984 |
| Condos |
Jan 08 |
Dec 07 |
Nov 07 |
| Sales |
454 |
393 |
496 |
| *Median Price ($) |
290 |
286 |
285 |
| **Average
Price ($) |
311 |
305 |
313 |
| Days on
Market |
48 |
49 |
44 |
| Month End Inventory |
1926 |
1537 |
2196 |
Source: Calgary Real Estate Board
*Median price (in 000's) is midway between least expensive and most expensive.
**Average price (in 000's) is useful in establishing trends over time, however can be influenced by sales of a few very expensive properties in an community. | | |
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