CONTACT

BRINGING COMMUNITY AND REAL ESTATE TOGETHER!

We bring the neighbourhood and real estate together in a harmonious hub creating a one-stop destination for everything the community has to offer!


Find all the latest real estate information, listings, statistics and information along with everything you need to know about living, working and playing in the wonderful neighbourhood that is Lakeview.  Whether you live in the community now, want to relocate and live in the community or just simply love the community...this is the place to get all of your essential real estate and neighbourhood news.


JOIN US ON FACEBOOK as well for all of the very latest updates...and to interactively join the conversation!

Community quickLINKS

LAKEVIEW COMMUNITY ASSOCIATION

The LCA website is a great source for community news, information, events and activities


LAKEVIEW COMMUNITY ASSOCIATION FACEBOOK PAGE

The official Facebook page for the LCA with upcoming news and events


LAKEVIEW COMMUNITY ASSOCIATION TWITTER PAGE

The official Twitter account page for the LCA with upcoming news and events


MYDALHOUSIE FACEBOOK PAGE

All of the latest community & real estate news in our Facebook feed


YOUR LAKEVIEW COMMUNITY MAGAZINE

Access to current and past issues of the Your Lakeview community magazine


LAKEVIEW COMMUNITY PROFILE

City of Calgary community profile page with the most recent demographic information

School quickLINKS

JENNIE ELLIOT SCHOOL

Kindergarten to Grade 6 - 3031 Lindsay Drive SW - Regular Programming

  

BISHOP PINKHAM SCHOOL

Grade 7 to Grade 9 - 3304 63 Avenue SW - Regular & French Immersion Programming


CONNECT CHARTER SCHOOL

Grade 4 to Grade 8 - 5915 Lewis Drive SW - Specialized Programming


CALGARY GIRLS CHARTER SCHOOL

Grade 4 to Grade 9 - 6304 Larkspur Way SW - Specialized Programming

Amenity quickLINKS

GLENMORE AQUATIC CENTRE & ATHLETIC PARK

City of Calgary pool & sports ffields, track & velodrome - 5300 19 Street SW


FLAMES COMMUNITY ARENAS

The nearest arena complex in proximity to Lakeview - 2370 47 Avenue SW


GIUFFRE FAMILY PUBLIC LIBRARY

Closest full service Calgary Public Library - 3223 14 Street sW


CF CHINOOK CENTRE

Largest mall in Calgary and also the closest to the community - 6455 Macleod Trail SW


LAKEVIEW PLAZA SHOPPING CENTRE

Lakeview's only in-community retail centre - 6449 Crowchild Trail SW

RSS

Lakeview Real Estate Update - AUGUST 2020

Lakeview Real Estate Update - AUGUST 2020


We saw a decent amount of activity in the community last month with 5 completed transactions although lower than the few months and also slightly below the same period last year.


Of the 5 sales, 4 were detached single family homes once again spanning a large price range from $535K on the low end to $3.05M on the high end and the remaining sale was a residential semi-detached/duplex home that sold for $351K.  The overall actual Days On Market (DOM) numbers dropped noticeably to 70.6 days from 99 in July, this number has fluctuated a fair bit over the past few months which is prone to happen with smaller sales groups.  The DOM for detached single family homes was 82.3 days while the DOM for the single duplex sale was just 24 days.

The current number of active listings remained identical to last month at 26 and the months of available inventory followed suit nudging up ever so slightly to 4.2 months based on the rolling sales average from the past half year.

Switching to the overall Calgary market we continued to see post-COVID lockdown resiliency with 1,573 total sales down just 7 transactions from August 2019 which is quite positive considering the challenges 2020 has presented.


Looking forward, it will be very interesting to see what the Fall and Winter markets look like after the remainder of the pent up COVID-shutdown demand subsides and the longer-term effects and trends begin to emerge.  Speaking to this, the Financial Post published an article recently regarding mortgage payment deferrals indicating banks believe there is not be a looming ‘Deferral Cliff’, contrary to what other media reports have suggested.


“We’re not looking at seeing a big spike in foreclosures,” Bolger (RBC CFO Ryan Bolger) said at the Barclays conference. “We expect that these mortgages, as they come off the deferral programs, to remain the homes of our clients.”


This echoes sentiments we have had about the deferral period with Canadians’ historically steadfast commitment to hold on to their homes at all costs.  Hopefully, this is the case as a large spike in defaults and foreclosures is never a good thing, for the real estate market, the overall economy or the individual homeowners themselves.


We are always here for all our clients and contacts and are more than happy to answer any real estate questions so please do not hesitate to reach out to us with any questions you may have.


We look forward to hearing from you soon.


www.mylakeview.net

Comments:

No comments

Post Your Comment:

Your email will not be published
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.