CALGARY HOUSING Single Family Detached, Town House and Condo Average Prices with Total Residential Listings and Sales and the TSX Energy Index
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NOTE: Condo data from July 2006 to November 2010 are CREB combined Strata. The TSX Energy Index is x15 to fit the chart.
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In August 2018 total residential sales in Calgary continued following a well established downtrend of lower highs that began mid-year 2013; the 5 year sales breakdown has capped prices while inventory has swelled in 2018. |
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In May 2017 real estate buyers heard Trumpets and moved the average price of a detached house to a historical peak and now 15 months later, the buy side of the market is thinning out as the sell side remains active at the recent highs in listing levels since the inventory low in January 2014.
The employed in Alberta are enjoying a return to the average employment earnings range of the October 2014 $60,961 high as the latest earnings clock in at only 3% below that peak.
But Foreign Direct Investment in Canada has been negative for two decades and the trend spiked to a new wide in 2015, 2016 and 2017. That's a trend. Housing is a commodity as is heavy Alberta crude. Follow the money.
Here is another attempt to visualize the distortions of the market where the fundamental requirement of a yield to attract sustainable investment in real estate has been replaced with the lure of capital gains.
Here is another attempt to visualize the distortions of the market where the fundamental requirement of a yield to attract sustainable investment in real estate has been replaced with the lure of capital gains.
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The "improvement" that sits on the land is a wasting asset. If serviced land is so valuable, shouldn't the ratio be 1 house equals at least 3 townhouses? If the numbers don't make sense you can always rent. When MOI is low & MAR is high, developers and vendors have the edge.
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IN THE LAST 10 YEARS
AVERAGE SFD Prices are up: 112% in Vancouver 28% in Calgary 115% in Toronto WHILE Employment Earnings are up: 23% in British Columbia 29% in Alberta 25% in Ontario |
Plug-in electric cars are becoming more commonplace
on streets all around the globe.
cleantechnica.com July, 2018
According to the International Energy Agency (IEA) and its latest Global Electric Vehicles Outlook report, “The number of electric and plug-in hybrid cars on the world’s roads exceeded 3 million in 2017, a 54% increase compared with 2016.
According to the IEA, “China remained by far the largest electric car market in the world, accounting for half sold last year. Nearly 580,000 electric cars were sold in China in 2017, a 72% increase from the previous year. The United States had the second-highest, with about 280,000 cars sold in 2017, up from 160,000 in 2016.
There was also impressive growth from “Nordic countries [which] remain leaders in market share. Electric cars accounted for 39% of new car sales in Norway, making it the world leader in electric vehicle (EV) market share. In Iceland, new EV sales were 12% of the total while the share reached 6% in Sweden. Germany and Japan also saw strong growth, with sales more than doubling in both countries from their 2016 levels.
The number of electric cars is projected to reach 125 million units by 2030.” And, that’s just the low end of IEA’s forecast. The high end? If progress accelerates, IEA predicts, “the number of electric cars on the road could be as high as 220 million in 2030.
AUG 2018 Chinese electric car to launch in China 2019, in US & Europe 2020 GreenCarReports.com
JUL 2018 Irish passed legislation that its country will fully divest from fossil fuels BusinessGreen.com
JUN 2018 Green Economy Overtaking Fossil Fuel Industry United Nations Climate Change
MAY 2018 California to be first state to mandate solar panels on new homes The Hill
APR 2018 Battery, electric & hydrogen were 37% of new car sales in March in Norway CleanTechnica
MAR 2018 Global electric car sales: JAN 2018 sales were up 94% Y/Y Seeking Alpha
FEB 2018 Electric cars cost less than half as much as gas-powered University of Michigan via Forbes
JAN 2018 Florida seniors could hold the future of driverless cars CBS-MoneyWatch
DEC 2017 Electric cars already cheaper to own and run than petrol or diesel The Guardian
OCT 2017 GM to launch two new electric vehicles within 18 months, 20 by 2023 GreenCar Reports
SEP 2017 Nissan promises new Leaf can drive ‘over 300 miles’, rivaling US peer’s Financial Times
JUN 2017 EV sales in the US have now risen for 21 consecutive months Inside EVs
